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Swing Capital

Techno Electric & Engineering Company Ltd

NSE: TECHNOE BSE: 542141Energy

Techno Electric & Engineering Company Ltd (TEECL) is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. [1]

₹1,183
52W: ₹870 — ₹1655
PE 27.2 · Book ₹336 · +252% vs book
Market Cap₹13,758 Cr
Stock P/E27.2Price to Earnings
ROCE16.6%Return on Capital
ROE12.9%Return on Equity
Div. Yield0.76%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company is expected to give good quarter
  • +Company has been maintaining a healthy dividend payout of 27.3%
  • +Debtor days have improved from 169 to 105 days.

Weaknesses

  • −Stock is trading at 3.49 times its book value
  • −Company has a low return on equity of 12.5% over last 3 years.
  • −Earnings include an other income of Rs.240 Cr.
  • −Promoter holding has decreased over last 3 years: -4.59%

Shareholding Pattern

Promoters56.93%
FIIs8.65%
DIIs22.72%
Public11.7%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters61.52%56.93%▼4.656.93%56.93%56.93%56.93%56.93%56.93%
FIIs4.39%9.8%▲5.49.92%▲0.19.33%▼0.68.98%▼0.39.22%▲0.28.53%▼0.78.65%▲0.1
DIIs22.78%24.12%▲1.324.03%▼0.124.5%▲0.524.04%▼0.522.62%▼1.423.05%▲0.422.72%▼0.3
Public11.33%9.15%▼2.29.12%▼0.09.24%▲0.110.07%▲0.811.24%▲1.211.47%▲0.211.7%▲0.2

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales486366483414500676812514839857
Expenses411321424357431577709435723736
Operating Profit76455957709910379115121
OPM %16%12%12%14%14%15%13%15%14%14%
Net Profit71786910090105133123123152
EPS ₹6.647.216.459.337.778.9911.4210.610.6113.05

AI Insights

Revenue Trend

TTM revenue at ₹3,021Cr, up 25.8% YoY. OPM at 14%.

Debt Position

Borrowings at ₹34Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹5Cr (9% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 22.72% (-1.49pp change). FIIs: 8.65% (+6.47pp change). Promoters hold 56.93%.

Margin & Efficiency

ROCE improving from 0% (Mar 2015) to 17% (Mar 2025). Working capital days: 161.

Valuation

PE 27.2x with 16.6% ROCE. Price is 252% above book value of ₹336. Dividend yield: 0.76%.

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