NSEI:TECHNO

Stock Analysis Report

Techno Electric & Engineering

Executive Summary

Techno Electric & Engineering Company Limited provides engineering, procurement, and construction (EPC) services to the power generation, transmission, and distribution sectors in India.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

How has Techno Electric & Engineering's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

NSEI:TECHNO

-0.9%

IN Construction

-0.7%

IN Market


1 Year Return

-27.1%

NSEI:TECHNO

-9.7%

IN Construction

-12.8%

IN Market

TECHNO underperformed the Construction industry which returned -2.2% over the past year.

TECHNO underperformed the Market in India which returned 2.3% over the past year.


Share holder returns

TECHNOIndustryMarket
7 Day0%-0.9%-0.7%
30 Day0%-5.0%-3.2%
90 Day-7.4%-8.6%-6.7%
1 Year-27.1%-27.1%-8.7%-9.7%-11.0%-12.8%
3 Year5.3%4.3%20.5%16.7%19.2%13.0%
5 Year568.7%539.7%35.7%27.6%38.0%24.9%

Price Volatility Vs. Market

How volatile is Techno Electric & Engineering's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Techno Electric & Engineering undervalued based on future cash flows and its price relative to the stock market?

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Techno Electric & Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).

Techno Electric & Engineering's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Techno Electric & Engineering is good value based on earnings compared to the IN Construction industry average.

Techno Electric & Engineering is good value based on earnings compared to the India market.


Price Based on Expected Growth

Techno Electric & Engineering is poor value based on expected growth next year.


Price Based on Value of Assets

Techno Electric & Engineering is overvalued based on assets compared to the IN Construction industry average.


Next Steps

Future Growth

How is Techno Electric & Engineering expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Techno Electric & Engineering's revenue is expected to grow by 9.1% yearly, however this is not considered high growth (20% yearly).

Techno Electric & Engineering's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).

Techno Electric & Engineering's revenue growth is positive but not above the India market average.

Techno Electric & Engineering's earnings growth is positive but not above the India market average.

Techno Electric & Engineering's earnings growth is expected to exceed the low risk savings rate of 7.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Techno Electric & Engineering is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Techno Electric & Engineering performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Techno Electric & Engineering's year on year earnings growth rate has been positive over the past 5 years.

Techno Electric & Engineering's 1-year earnings growth exceeds its 5-year average (268.9% vs 18.5%)

Techno Electric & Engineering's earnings growth has exceeded the IN Construction industry average in the past year (268.9% vs 36.4%).


Return on Equity

Techno Electric & Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Techno Electric & Engineering used its assets more efficiently than the IN Construction industry average last year based on Return on Assets.


Return on Capital Employed

Techno Electric & Engineering has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Techno Electric & Engineering's financial position?


Financial Position Analysis

Techno Electric & Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Techno Electric & Engineering's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Techno Electric & Engineering's level of debt (5.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (84.6% vs 5.4% today).

Debt is well covered by operating cash flow (317.8%, greater than 20% of total debt).

Techno Electric & Engineering earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 18.5x debt.


Next Steps

Dividend

What is Techno Electric & Engineering's current dividend yield, its reliability and sustainability?

1.69%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Techno Electric & Engineering's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Techno Electric & Engineering's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Techno Electric & Engineering has not reported any payouts.

Unable to verify if Techno Electric & Engineering's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Techno Electric & Engineering has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).


Next Steps

Management

What is the CEO of Techno Electric & Engineering's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average board tenure


CEO

Padam Gupta (68yo)

2.3yrs

Tenure

₹5,832,000

Compensation

Mr. Padam Prakash Gupta serves as the Executive Chairman of Techno Electric & Engineering Company Limited and Managing Director of Techno Electric & Engineering Company Limited since July 1,2016. Mr. Gupta ...


CEO Compensation Analysis

Padam's remuneration is lower than average for companies of similar size in India.

Padam's compensation has been consistent with company performance over the past year.


Board Age and Tenure

9.8yrs

Average Tenure

70yo

Average Age

The tenure for the Techno Electric & Engineering board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Padam Gupta (68yo)

    MD & Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: ₹5.83m
  • Niranjan Brahma (48yo)

    Compliance Officer & Company Secretary

    • Tenure: 0.0yrs
  • Pradeep Lohia (54yo)

    Chief Financial Officer

    • Tenure: 0.0yrs
  • N. Bachhawat

    Senior Deputy General Manager of Accounts

    • Tenure: 0.0yrs
  • Sumanta Chaudhuri (57yo)

    President of Business Development

    • Tenure: 4.5yrs
  • Rajiv Agarwal

    Director

    • Tenure: 0.0yrs
  • Deepak Bafna

    General Manager of Accounts & Finance

    • Tenure: 0.0yrs
  • Ankit Saraiya (32yo)

    Whole Time Director

    • Tenure: 4.8yrs
    • Compensation: ₹2.45m
  • Asim Mitra

    Executive Director of Electrical

    • Tenure: 0.0yrs
  • Ramesh Agrawal

    Executive Director

    • Tenure: 0.0yrs

Board Members

  • Krishna Poddar (71yo)

    Independent Non Executive Director

    • Tenure: 12.1yrs
    • Compensation: ₹20.00k
  • Kadenja Rai (72yo)

    Independent Non-Executive Director

    • Tenure: 12.1yrs
    • Compensation: ₹110.00k
  • Kotivenkatesan Vasudevan (78yo)

    Independent Non-Executive Director

    • Tenure: 12.8yrs
    • Compensation: ₹110.00k
  • Padam Gupta (68yo)

    MD & Executive Chairman

    • Tenure: 2.3yrs
    • Compensation: ₹5.83m
  • Samarendra Roy (73yo)

    Independent Non-Executive Director

    • Tenure: 9.8yrs
    • Compensation: ₹70.00k
  • Avantika Gupta (27yo)

    Non-Executive Woman Director

    • Tenure: 3.8yrs
    • Compensation: ₹30.00k
  • Ankit Saraiya (32yo)

    Whole Time Director

    • Tenure: 4.8yrs
    • Compensation: ₹2.45m
  • Rajendra Singh (69yo)

    Non-Executive Independent Director

    • Tenure: 2.3yrs
    • Compensation: ₹30.00k

Company Information

Techno Electric & Engineering Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Techno Electric & Engineering Company Limited
  • Ticker: TECHNO
  • Exchange: NSEI
  • Founded: 1963
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹30.165b
  • Shares outstanding: 112.68m
  • Website: https://www.techno.co.in

Number of Employees


Location

  • Techno Electric & Engineering Company Limited
  • 1B Park Plaza
  • 71 Park Street
  • Kolkata
  • West Bengal
  • 700016
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
533281BSE (Mumbai Stock Exchange)YesEquity SharesININRNov 2010
TECHNONSEI (National Stock Exchange of India)YesEquity SharesININRNov 2010

Biography

Techno Electric & Engineering Company Limited provides engineering, procurement, and construction (EPC) services to the power generation, transmission, and distribution sectors in India. The company operat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2018/11/04 11:43
End of Day Share Price2018/08/07 00:00
Earnings2018/03/31
Annual Earnings2018/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.