Price Target Changed • Jun 02
Price target decreased by 10% to ₹1,495 Down from ₹1,663, the current price target is an average from 4 analysts. New target price is 40% above last closing price of ₹1,066. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₹53.60 for next year compared to ₹38.58 last year. Reported Earnings • May 26
Full year 2026 earnings released: EPS: ₹38.58 (vs ₹33.25 in FY 2025) Full year 2026 results: EPS: ₹38.58 (up from ₹33.25 in FY 2025). Revenue: ₹34.0b (up 50% from FY 2025). Net income: ₹4.49b (up 19% from FY 2025). Profit margin: 13% (down from 17% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year whereas the company’s share price has increased by 47% per year. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,371, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Construction industry in India. Total returns to shareholders of 246% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹797 per share. Duyuru • May 19
Techno Electric & Engineering Company Limited to Report Q4, 2026 Results on May 25, 2026 Techno Electric & Engineering Company Limited announced that they will report Q4, 2026 results on May 25, 2026 Buy Or Sell Opportunity • Mar 24
Now 22% overvalued Over the last 90 days, the stock has fallen 4.9% to ₹1,051. The fair value is estimated to be ₹864, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: ₹10.25 (vs ₹8.25 in 3Q 2025) Third quarter 2026 results: EPS: ₹10.25 (up from ₹8.25 in 3Q 2025). Revenue: ₹9.04b (up 42% from 3Q 2025). Net income: ₹1.19b (up 24% from 3Q 2025). Profit margin: 13% (down from 15% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 44% per year whereas the company’s share price has increased by 46% per year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,042, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Construction industry in India. Total returns to shareholders of 200% over the past three years. Duyuru • Feb 02
Techno Electric & Engineering Company Limited to Report Q3, 2026 Results on Feb 10, 2026 Techno Electric & Engineering Company Limited announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹8.94 (vs ₹8.22 in 2Q 2025) Second quarter 2026 results: EPS: ₹8.94 (up from ₹8.22 in 2Q 2025). Revenue: ₹8.81b (up 100% from 2Q 2025). Net income: ₹1.04b (up 10% from 2Q 2025). Profit margin: 12% (down from 21% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 05
Techno Electric & Engineering Company Limited to Report Q2, 2026 Results on Nov 12, 2025 Techno Electric & Engineering Company Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Nov 12, 2025 Declared Dividend • Sep 03
Dividend increased to ₹9.00 Dividend of ₹9.00 is 29% higher than last year. Ex-date: 12th September 2025 Payment date: 23rd October 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Duyuru • Sep 02
Techno Electric & Engineering Company Limited announces Annual dividend, payable on October 23, 2025 Techno Electric & Engineering Company Limited announced Annual dividend of INR 9.0000 per share payable on October 23, 2025, ex-date on September 12, 2025 and record date on September 12, 2025. Duyuru • Aug 14
Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 23, 2025 Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 23, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹9.54 (vs ₹4.95 in 1Q 2025) First quarter 2026 results: EPS: ₹9.54 (up from ₹4.95 in 1Q 2025). Revenue: ₹5.74b (up 53% from 1Q 2025). Net income: ₹1.11b (up 108% from 1Q 2025). Profit margin: 19% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 06
Techno Electric & Engineering Company Limited to Report Q1, 2026 Results on Aug 12, 2025 Techno Electric & Engineering Company Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,461, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the Construction industry in India. Total returns to shareholders of 428% over the past three years. New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • May 28
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹33.25 (up from ₹25.18 in FY 2024). Revenue: ₹24.3b (up 62% from FY 2024). Net income: ₹3.78b (up 40% from FY 2024). Profit margin: 16% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 16
Techno Electric & Engineering Company Limited to Report Q4, 2025 Results on May 27, 2025 Techno Electric & Engineering Company Limited announced that they will report Q4, 2025 results at 12:08 PM, Indian Standard Time on May 27, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹1,281, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Construction industry in India. Total returns to shareholders of 350% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,158, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 324% over the past three years. Price Target Changed • Feb 14
Price target decreased by 12% to ₹1,502 Down from ₹1,700, the current price target is an average from 3 analysts. New target price is 62% above last closing price of ₹927. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹30.65 for next year compared to ₹25.18 last year. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹8.25 (vs ₹8.53 in 3Q 2024) Third quarter 2025 results: EPS: ₹8.25. Revenue: ₹6.36b (up 95% from 3Q 2024). Net income: ₹959.9m (up 4.5% from 3Q 2024). Profit margin: 15% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Buy Or Sell Opportunity • Feb 04
Now 24% overvalued Over the last 90 days, the stock has fallen 33% to ₹1,108. The fair value is estimated to be ₹893, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 171% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Duyuru • Feb 04
Techno Electric & Engineering Company Limited to Report Q3, 2025 Results on Feb 11, 2025 Techno Electric & Engineering Company Limited announced that they will report Q3, 2025 results on Feb 11, 2025 New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹1,030, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 334% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹853 per share. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹1,293, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Construction industry in India. Total returns to shareholders of 414% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹848 per share. New Risk • Dec 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (49% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: ₹8.22 (vs ₹6.85 in 2Q 2024) Second quarter 2025 results: EPS: ₹8.22 (up from ₹6.85 in 2Q 2024). Revenue: ₹4.81b (up 4.0% from 2Q 2024). Net income: ₹942.1m (up 28% from 2Q 2024). Profit margin: 20% (up from 16% in 2Q 2024). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Sep 04
Dividend increased to ₹7.00 Dividend of ₹7.00 is 17% higher than last year. Ex-date: 13th September 2024 Payment date: 26th October 2024 Dividend yield will be 0.4%, which is lower than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.9% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Duyuru • Aug 14
Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2024 Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2024. Duyuru • Aug 01
Techno Electric & Engineering Company Limited to Report Q1, 2025 Results on Aug 13, 2024 Techno Electric & Engineering Company Limited announced that they will report Q1, 2025 results at 4:00 PM, Indian Standard Time on Aug 13, 2024 Reported Earnings • Jul 17
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹25.18 (up from ₹8.85 in FY 2023). Revenue: ₹15.0b (up 81% from FY 2023). Net income: ₹2.71b (up 181% from FY 2023). Profit margin: 18% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹1,351, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 23x in the Construction industry in India. Total returns to shareholders of 307% over the past three years. New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (95% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • May 29
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹25.18 (up from ₹8.85 in FY 2023). Revenue: ₹16.4b (up 98% from FY 2023). Net income: ₹2.71b (up 181% from FY 2023). Profit margin: 17% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Duyuru • May 19
Techno Electric & Engineering Company Limited to Report Q4, 2024 Results on May 28, 2024 Techno Electric & Engineering Company Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹969, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Construction industry in India. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,638 per share. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹737, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Construction industry in India. Total returns to shareholders of 159% over the past three years. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: ₹8.53 (vs ₹2.80 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.53 (up from ₹2.80 in 3Q 2023). Revenue: ₹3.71b (up 100% from 3Q 2023). Net income: ₹918.8m (up 201% from 3Q 2023). Profit margin: 25% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Duyuru • Feb 03
Techno Electric & Engineering Company Limited to Report Q3, 2024 Results on Feb 13, 2024 Techno Electric & Engineering Company Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Price Target Changed • Nov 15
Price target increased by 16% to ₹479 Up from ₹414, the current price target is an average from 4 analysts. New target price is 22% below last closing price of ₹611. Stock is up 113% over the past year. The company is forecast to post earnings per share of ₹18.60 for next year compared to ₹8.84 last year. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: ₹6.85 (vs ₹5.35 in 2Q 2023) Second quarter 2024 results: EPS: ₹6.85 (up from ₹5.35 in 2Q 2023). Revenue: ₹4.91b (up 115% from 2Q 2023). Net income: ₹737.8m (up 26% from 2Q 2023). Profit margin: 15% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Duyuru • Nov 11
Techno Electric & Engineering Company Limited Announces Board Changes Techno Electric & Engineering Company Limited Appointed Mr. Kadenja Krishna Rai, Independent Director as the Chairperson of the Audit Committee and Appointed Mr. Anjan Dasgupta, Independent Director as the Member of the Audit Committee and Chairperson of the Stakeholders Relationship Committee. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹577, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Construction industry in India. Total returns to shareholders of 195% over the past three years. Duyuru • Sep 28
Techno Electric & Engineering Company Limited Approves Declaration of Final Dividend for the Financial Year Ended March 31, 2023 Techno Electric & Engineering Company Limited at its AGM held on September 26, 2023, approved declaration of Final Dividend of INR 6/- per equity share of nominal value of INR 2/- each for the financial year ended March 31, 2023. Upcoming Dividend • Sep 08
Upcoming dividend of ₹6.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 15 September 2023. Payment date: 26 October 2023. Payout ratio is a comfortable 68% and the cash payout ratio is 79%. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.8%). Duyuru • Aug 15
Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2023 Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2023. Reported Earnings • Aug 15
First quarter 2024 earnings released: EPS: ₹2.59 (vs ₹3.23 in 1Q 2023) First quarter 2024 results: EPS: ₹2.59 (down from ₹3.23 in 1Q 2023). Revenue: ₹3.05b (up 76% from 1Q 2023). Net income: ₹278.3m (down 22% from 1Q 2023). Profit margin: 9.1% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. Duyuru • Aug 03
Techno Electric & Engineering Company Limited to Report Q1, 2024 Results on Aug 14, 2023 Techno Electric & Engineering Company Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 31
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: ₹9.04b (down 16% from FY 2022). Net income: ₹925.9m (down 65% from FY 2022). Profit margin: 10% (down from 25% in FY 2022). Revenue missed analyst estimates by 20%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 19
Techno Electric & Engineering Company Limited to Report Q4, 2023 Results on May 29, 2023 Techno Electric & Engineering Company Limited announced that they will report Q4, 2023 results on May 29, 2023 Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹2.71 (vs ₹10.44 in 3Q 2022) Third quarter 2023 results: EPS: ₹2.71 (down from ₹10.44 in 3Q 2022). Revenue: ₹2.05b (down 32% from 3Q 2022). Net income: ₹305.0m (down 73% from 3Q 2022). Profit margin: 15% (down from 38% in 3Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Duyuru • Feb 09
An unknown buyer acquired 37.50 MW of its Wind Power Assets in Tamilnadu from Techno Electric & Engineering Company Limited (NSEI:TECHNOE) for INR 1.6 billion. An unknown buyer acquired 37.50 MW of its Wind Power Assets in Tamilnadu from Techno Electric & Engineering Company Limited (NSEI:TECHNOE) for INR 1.6 billion on February 8, 2023. Also Techno Electric entered into MOUS for the sale of another 71.40 MW. TECHNO had installed 111.90 MW wind power assets in the year 2011.
An unknown buyer completed the acquisition of 37.50 MW of its Wind Power Assets in Tamilnadu from Techno Electric & Engineering Company Limited (NSEI:TECHNOE) on February 8, 2023. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹5.35 (vs ₹5.90 in 2Q 2022) Second quarter 2023 results: EPS: ₹5.35 (down from ₹5.90 in 2Q 2022). Revenue: ₹2.47b (down 9.7% from 2Q 2022). Net income: ₹588.1m (down 9.3% from 2Q 2022). Profit margin: 24% (in line with 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Construction industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kadenja Rai was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kadenja Rai was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kadenja Rai was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Sep 28
Techno Electric & Engineering Company Limited Declares Final Dividend for the Financial Year Ended March 31, 2022 17th Annual General Meeting of Techno Electric & Engineering Company Limited held on 26th day of September, 2022, Declaration of Final Dividend of INR 2/- per equity share of nominal value of INR 2/- each for the financial year ended March 31, 2022. (Ordinary Resolution). Upcoming Dividend • Sep 08
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Indian dividend payers (1.6%). Lower than average of industry peers (1.2%). Duyuru • Sep 02
Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2022 Techno Electric & Engineering Company Limited, Annual General Meeting, Sep 26, 2022, at 15:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Financial Statements (both Standalone and Consolidated) of the Company for the financial year ended 31 March, 2022 together; to declare final dividend on equity shares for the financial year ended March 31, 2022; to consider directorate reelections; and to consider other matters. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: ₹3.23 (vs ₹4.28 in 1Q 2022) First quarter 2023 results: EPS: ₹3.23 (down from ₹4.28 in 1Q 2022). Revenue: ₹1.86b (down 1.8% from 1Q 2022). Net income: ₹355.5m (down 25% from 1Q 2022). Profit margin: 19% (down from 25% in 1Q 2022). Over the next year, revenue is forecast to grow 30%, compared to a 12% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Duyuru • Aug 03
Techno Electric & Engineering Company Limited to Report Q1, 2023 Results on Aug 12, 2022 Techno Electric & Engineering Company Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Aug 12, 2022 Duyuru • Jul 12
Techno Electric & Engineering Company Limited (NSEI:TECHNOE) announces an Equity Buyback for INR 1,300 million worth of its shares. Techno Electric & Engineering Company Limited (NSEI:TECHNOE) announces a share repurchase program. Under the program, the company will repurchase up to INR 1,300 million. The maximum price paid by the shareholders would not exceed INR 325 per share. As of July 8, 2022, the company had 110,000,000? issued and outstanding shares. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 20% share price gain to ₹284, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Construction industry in India. Total returns to shareholders of 11% over the past three years. Duyuru • May 31
Techno Electric & Engineering Company Limited Recommends Final Dividend for the Financial Year 2021-22 Techno Electric & Engineering Company Limited announced that at the board meeting held on May 30, 2022, the company recommended final dividend for the financial year 2021-22 @ INR 2 (Rupees Two) per Equity share of face value of INR 2. Reported Earnings • May 31
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹23.99 (up from ₹16.53 in FY 2021). Revenue: ₹12.2b (up 38% from FY 2021). Net income: ₹2.64b (up 45% from FY 2021). Profit margin: 22% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 5.7%, compared to a 13% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: ₹10.44 (up from ₹2.97 in 3Q 2021). Revenue: ₹4.24b (up 83% from 3Q 2021). Net income: ₹1.15b (up 251% from 3Q 2021). Profit margin: 27% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 26%, compared to a 14% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Duyuru • Feb 04
Techno Electric & Engineering Company Limited to Report Q3, 2022 Results on Feb 14, 2022 Techno Electric & Engineering Company Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS ₹4.28 (vs ₹3.28 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: ₹1.89b (up 12% from 1Q 2021). Net income: ₹470.9m (up 31% from 1Q 2021). Profit margin: 25% (up from 21% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS ₹16.53 (vs ₹16.26 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: ₹9.56b (up 9.1% from FY 2020). Net income: ₹1.82b (up 1.5% from FY 2020). Profit margin: 19% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Apr 08
Price target increased to ₹329 Up from ₹305, the current price target is an average from 5 analysts. New target price is 5.7% above last closing price of ₹311. Stock is up 42% over the past year. Is New 90 Day High Low • Feb 25
New 90-day high: ₹319 The company is up 48% from its price of ₹216 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹241 per share. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 17% share price gain to ₹319, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 17.1x. This compares to an average P/E of 16x in the Construction industry in India. Total returns to shareholders over the past year are 10%. Price Target Changed • Feb 23
Price target raised to ₹305 Up from ₹277, the current price target is an average from 6 analysts. The new target price is 10% above the current share price of ₹276. As of last close, the stock is down 8.2% over the past year. Is New 90 Day High Low • Feb 05
New 90-day high: ₹271 The company is up 38% from its price of ₹197 on 06 November 2020. The Indian market is up 23% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹229 per share. Duyuru • Jan 29
Techno Electric & Engineering Company Limited to Report Q3, 2021 Results on Feb 13, 2021 Techno Electric & Engineering Company Limited announced that they will report Q3, 2021 results on Feb 13, 2021 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₹268, the stock is trading at a trailing P/E ratio of 18.9x, up from the previous P/E ratio of 16.4x. This compares to an average P/E of 15x in the Construction industry in India. Total return to shareholders over the past year is a loss of 3.9%. Is New 90 Day High Low • Jan 07
New 90-day high: ₹249 The company is up 30% from its price of ₹192 on 09 October 2020. The Indian market is up 20% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹227 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to ₹249, the stock is trading at a trailing P/E ratio of 16.9x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 15x in the Construction industry in India. Total return to shareholders over the past year is a loss of 11%. Is New 90 Day High Low • Dec 07
New 90-day high: ₹220 The company is up 9.0% from its price of ₹201 on 08 September 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹190 per share. Duyuru • Nov 01
Techno Electric & Engineering Company Limited to Report Q2, 2021 Results on Nov 12, 2020 Techno Electric & Engineering Company Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Duyuru • Aug 20
Techno Electric & Engineering Company Limited to Report Q1, 2021 Results on Aug 29, 2020 Techno Electric & Engineering Company Limited announced that they will report Q1, 2021 results on Aug 29, 2020 Duyuru • Jun 20
Techno Electric & Engineering Company Limited to Report Q4, 2020 Results on Jun 30, 2020 Techno Electric & Engineering Company Limited announced that they will report Q4, 2020 results on Jun 30, 2020 
