Techno Electric & Engineering Company Limited

NSEI:TECHNOE Stock Report

Market Cap: ₹179.3b

Techno Electric & Engineering Valuation

Is TECHNOE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TECHNOE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TECHNOE (₹1542) is trading above our estimate of fair value (₹861.96)

Significantly Below Fair Value: TECHNOE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TECHNOE?

Key metric: As TECHNOE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TECHNOE. This is calculated by dividing TECHNOE's market cap by their current earnings.
What is TECHNOE's PE Ratio?
PE Ratio56.6x
Earnings₹3.17b
Market Cap₹179.33b

Price to Earnings Ratio vs Peers

How does TECHNOE's PE Ratio compare to its peers?

The above table shows the PE ratio for TECHNOE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.8x
PRAJIND Praj Industries
50.2x24.4%₹150.7b
IRCON Ircon International
22.2x5.7%₹204.7b
500294 NCC
22.6x22.1%₹188.4b
KPIL Kalpataru Projects International
40.3x29.5%₹211.1b
TECHNOE Techno Electric & Engineering
56.6x28.3%₹179.3b

Price-To-Earnings vs Peers: TECHNOE is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the peer average (33.8x).

Price to Earnings Ratio vs Industry

How does TECHNOE's PE Ratio compare vs other companies in the IN Construction Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GMRP&UI GMR Power And Urban Infra
4.5x-25.3%US$894.79m
533152 MBL Infrastructures
3.1xn/aUS$83.04m
CCCL Consolidated Construction Consortium
0.9xn/aUS$80.95m
ATLANTAA Atlantaa
2.6xn/aUS$51.42m
TECHNOE 56.6xIndustry Avg. 28.2xNo. of Companies27PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TECHNOE is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the Indian Construction industry average (28.2x).

Price to Earnings Ratio vs Fair Ratio

What is TECHNOE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TECHNOE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.6x
Fair PE Ratio50x

Price-To-Earnings vs Fair Ratio: TECHNOE is expensive based on its Price-To-Earnings Ratio (56.6x) compared to the estimated Fair Price-To-Earnings Ratio (50x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TECHNOE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,542.00
₹1,700.33
+10.3%
4.2%₹1,766.00₹1,600.00n/a3
Dec ’25₹1,473.90
₹1,700.33
+15.4%
4.2%₹1,766.00₹1,600.00n/a3
Nov ’25₹1,594.15
₹1,700.33
+6.7%
4.2%₹1,766.00₹1,600.00n/a3
Oct ’25₹1,574.35
₹1,700.33
+8.0%
4.2%₹1,766.00₹1,600.00n/a3
Sep ’25₹1,635.25
₹1,700.33
+4.0%
4.2%₹1,766.00₹1,600.00n/a3
Aug ’25₹1,701.10
₹1,550.33
-8.9%
10.1%₹1,766.00₹1,400.00n/a3
Jul ’25₹1,545.70
₹1,550.33
+0.3%
10.1%₹1,766.00₹1,400.00n/a3
Jun ’25₹1,418.35
₹1,057.75
-25.4%
36.6%₹1,485.00₹631.00n/a4
May ’25₹1,014.75
₹798.67
-21.3%
22.7%₹1,050.00₹631.00n/a3
Apr ’25₹800.55
₹798.67
-0.2%
22.7%₹1,050.00₹631.00n/a3
Mar ’25₹725.60
₹798.67
+10.1%
22.7%₹1,050.00₹631.00n/a3
Feb ’25₹792.15
₹673.00
-15.0%
6.2%₹715.00₹631.00n/a2
Jan ’25₹813.55
₹673.00
-17.3%
6.2%₹715.00₹631.00n/a2
Dec ’24₹705.65
₹527.25
-25.3%
29.7%₹715.00₹313.00₹1,473.904
Nov ’24₹492.35
₹427.67
-13.1%
20.1%₹520.00₹313.00₹1,594.153
Oct ’24₹505.00
₹427.67
-15.3%
20.1%₹520.00₹313.00₹1,574.353
Sep ’24₹534.55
₹433.25
-19.0%
17.3%₹520.00₹313.00₹1,635.254
Aug ’24₹477.75
₹414.25
-13.3%
14.1%₹450.00₹313.00₹1,701.104
Jul ’24₹364.00
₹425.00
+16.8%
15.6%₹487.00₹313.00₹1,545.704
Jun ’24₹382.55
₹416.40
+8.8%
13.9%₹487.00₹340.00₹1,418.355
May ’24₹371.60
₹410.40
+10.4%
13.6%₹487.00₹340.00₹1,014.755
Apr ’24₹337.60
₹410.40
+21.6%
13.6%₹487.00₹340.00₹800.555
Mar ’24₹319.15
₹410.40
+28.6%
13.6%₹487.00₹340.00₹725.605
Feb ’24₹346.50
₹400.00
+15.4%
14.6%₹490.00₹350.00₹792.155
Jan ’24₹329.95
₹400.00
+21.2%
14.6%₹490.00₹350.00₹813.555
Dec ’23₹318.30
₹380.25
+19.5%
12.3%₹461.00₹350.00₹705.654

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:37
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Techno Electric & Engineering Company Limited is covered by 15 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Sandeep TulsiyanBatlivala & Karani Securities India Pvt. Ltd.
Sachin MehtaCentrum Broking Limited