Techno Electric & Engineering

TECHNOE · NSE · Mid Cap

K
Data Room
Back to companies
Transmission & Grid·Listed·Directness 62/100

Techno Electric & Engineering

Substation EPC and smart-grid; renewable integration tailwind.

Transmission & GridEPC
Hold / Watchlist
Last price
₹1244.00
52W: ₹870 – ₹1,655
-24.8% from 52W high
Mkt Cap
₹14.47K Cr
P/E
30.9x
EV/EBITDA
42.8x
ROCE
16.5%
ROE
12.8%
Book Value
₹335.0
Promoter
56.9%
Real financial data sourced from Screener.in · annual + quarterly statements below

Scoring breakdown

SageOne-style fundamental · TQ-100 technical · solar overlays

B
Fundamental (30%)
71
Valuation (20%)
56
Technical (20%)
58
Solar exposure (10%)
62
Policy beneficiary (7.5%)
75
Project pipeline (5%)
78
Governance safety (7.5%)
80

52-week position

Real snapshot from Screener

₹870Current: ₹1,244₹1,655
P/E
30.9x
P/B
3.7x
Div Yield
0.73%

Investment thesis

One-liner · bull · bear · monitorables

One-liner. Techno Electric & Engineering: renewable evacuation super-cycle + grid modernization order book provide multi-year visibility.

Bull case

Bull case for Techno Electric & Engineering: continued capacity ramp at attractive unit economics, supportive policy (PLI / ALMM / RPO / open access), benign module + commodity cycle, healthy receivable conversion, and re-rating from current valuation as execution beats consensus.

Bear case

Bear case for Techno Electric & Engineering: module/tariff price crash, working-capital blowout from DISCOM receivables, leverage spiking past 4x net-debt/EBITDA, ALMM/PLI delays, Chinese dumping, and de-rating to historical median multiples on growth disappointment.

Key monitorables
  • 01Quarterly capacity commissioned vs guidance
  • 02Receivable days from DISCOMs and large customers
  • 03Net debt / EBITDA trajectory
  • 04Order book to revenue cover

Solar exposure

Directness · policy linkage · BOM

Primary segmentTransmission & Grid
Directness62/100
ALMM eligible—
PLI beneficiary—
Imported BOM—

Valuation snapshot

Multiple methods · solar-specific multiples

MethodValueHist %ile
P/E (TTM)30.9x—
Forward P/E——
EV/EBITDA42.8x—
EV/Sales6.4x—
P/B3.7x—
FCF Yield-8.1%—

Project pipeline

0 tracked projects

No tracked projects.

Financials

Source: Screener.in (consolidated) · ticker TECHNOE · last updated 2026-05-11

Open on Screener.in
Market Cap
₹14.47K Cr
Price
₹1,244.00
Stock P/E
30.9x
Book Value
₹335.0
ROCE
16.5%
ROE
12.8%
Div Yield
0.73%
52W Range
₹870 – ₹1,655

Ratio analysis (derived from statements)

Growth · profitability · returns · leverage · cash flow · valuation

Growth
Sales 1Y51.1%
Sales 3Y CAGR31.4%
Sales 5Y CAGR26.6%
PAT 1Y57.8%
PAT 3Y CAGR17.0%
PAT 5Y CAGR23.5%
Profitability
OPM latest15.0%
PAT margin latest18.6%
PAT margin 3Y avg19.7%
ROE12.8%
ROCE16.5%
Asset turnover0.45x
Leverage & cash
D / E0.01x
Net Debt / EBITDA0.12x
Borrowings / Assets0.8%
CFO / EBITDA1.34x
CFO / PAT1.07x
FCF (TTM proxy)₹-1.18K Cr
Valuation
P/E30.9x
EV/EBITDA42.8x
EV/Sales6.40x
P/B3.71x
FCF Yield-8.13%
Div Yield0.73%

Annual P&L · 5 years

₹ Crore. Source: Screener.in consolidated.

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales8849998301,5022,269
Operating Profit21615987210339
OPM %24%16%11%14%15%
Net Profit182264187268423
EPS (₹)16.5323.9917.3624.9536.37

Quarterly results · last 4 quarters

₹ Crore.

MetricMar 2025Jun 2025Sep 2025Dec 2025
Sales816526843872
OPM %16%18%13%14%
Net Profit135136104119

Balance sheet · 5 years

₹ Crore.

ItemMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital2222222223
Reserves1,5941,8151,9092,1423,716
Borrowings4000039
Fixed Assets—————
Total Assets2,2032,5162,7692,8215,044

Cash flow · 5 years

₹ Crore.

ActivityMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating12525993-198453
Investing-54-22413269-1,630
Financing-34-64-103-851,175
Net Cash Flow37-293-14-2

Shareholding pattern

Latest disclosed

Promoters
56.93%
FII
8.65%
DII
22.72%
Public
11.70%

Policy linkages

Schemes where this company is a confirmed or likely beneficiary

No direct policy linkages tracked.