Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 18 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Techno Electric & Engineering Company Ltd: Share Price Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 17, 2024, 9:10 pm

Market Cap 17,363 Cr.
Current Price 1,492
High / Low 1,825/607
Stock P/E54.8
Book Value 301
Dividend Yield0.47 %
ROCE16.5 %
ROE13.1 %
Face Value 2.00
PEG Ratio6.15

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Techno Electric & Engineering Company Ltd

Competitors of Techno Electric & Engineering Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,712 Cr. 398 582/35090.8 63.20.28 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 31.4 Cr. 94.2 103/42.7 23.30.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,450 Cr. 16,850 20,900/13,23852.6 1,7801.19 %25.9 %19.2 % 10.0
Cranex Ltd 81.3 Cr. 136 190/47.043.2 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,059 Cr. 1,771 2,062/53870.2 91.10.00 %72.8 %60.3 % 10.0
Industry Average12,831.85 Cr1,807.8560.43272.710.25%19.11%15.35%5.77

All Competitor Stocks of Techno Electric & Engineering Company Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales215189274298305145186185313274462327440
Expenses196134188257268123153162306253385270385
Operating Profit1955854037223223721785654
OPM %9%29%31%14%12%15%17%13%2%8%17%17%12%
Other Income81710113-02842207829294531
Interest2212211264444
Depreciation1010102222222222
Profit before tax1560841503348714077441019579
Tax %13%24%25%24%-13%25%17%21%21%42%27%4%2%
Net Profit94765115373659316125749278
EPS in Rs0.854.285.8910.443.383.235.352.905.652.356.868.547.21

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1201,2839868718849998301,502
Expenses109887366546688407421,292
Operating Profit11029525021721615987210
OPM %91%23%25%25%24%16%11%14%
Other Income1942734867175165134
Interest2125137971117
Depreciation3742424241788
Profit before tax70271268216232319233319
Tax %20%24%28%17%22%19%20%16%
Net Profit56206193179182264187268
EPS in Rs0.632.3117.1616.2816.5323.9917.3624.95
Dividend Payout %0%0%0%0%61%8%35%28%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)267.86%-6.31%-7.25%1.68%45.05%-29.17%43.32%
Change in YoY Net Profit Growth (%)0.00%-274.17%-0.94%8.93%43.38%-74.22%72.48%

Techno Electric & Engineering Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:9%
3 Years:19%
TTM:28%
Compounded Profit Growth
10 Years:%
5 Years:7%
3 Years:22%
TTM:129%
Stock Price CAGR
10 Years:%
5 Years:41%
3 Years:89%
1 Year:106%
Return on Equity
10 Years:%
5 Years:12%
3 Years:13%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 2:38 pm

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital1782323222222222223
Reserves4841,2091,4041,4741,5941,8151,9092,1423,479
Borrowings2736744-040-0-0-0-0
Other Liabilities326215475835466798396581,039
Total Liabilities9671,9202,0172,0792,2032,5162,7692,8214,542
Fixed Assets616585546508467459817673
CWIP-0-0-0-0-0-095276382
Investments2094505816917141,0491,3051,1422,661
Other Assets1418858918811,0221,0081,2881,3271,427
Total Assets9671,9202,0172,0792,2032,5162,7692,8214,542

Reserves and Borrowings Chart

Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +16021219811212525993-198
Cash from Investing Activity +-158142-17138-54-22413269
Cash from Financing Activity +-55-326-16-161-34-64-103-85
Net Cash Flow-542810-1137-283-14

Free Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-163.00228.00206.00217.00176.00159.0087.00210.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days230216202240219213282180
Inventory Days313598
Days Payable185205303173
Cash Conversion Cycle23034202240219223815
Working Capital Days16189159159206188239143
ROCE %26%20%13%12%18%8%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Jul 2024
Promoters60.18%60.18%60.18%60.21%61.16%61.52%61.52%61.52%61.52%61.52%61.52%56.92%
FIIs1.19%1.24%1.44%1.62%1.69%2.10%2.18%2.29%3.21%3.85%4.39%7.93%
DIIs29.79%27.33%27.32%26.81%25.95%25.03%24.21%24.58%23.98%23.76%22.78%24.91%
Public8.84%11.25%11.05%11.37%11.20%11.35%12.08%11.63%11.27%10.86%11.33%10.23%
No. of Shareholders23,02623,72421,06523,04920,58019,77930,39036,50843,31353,29679,87485,428

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Balanced Advantage Fund - Regular Plan4,989,0000.54399.05622,9692024-12-16700.84%
DSP Mid Cap Fund4,426,1912.11354.03622,9692024-12-16610.5%
Kotak Small Cap Fund - Regular Plan4,184,6292.38334.71622,9692024-12-16571.72%
DSP Small Cap Fund3,375,1192269.96622,9692024-12-16441.78%
HSBC Small Cap Fund - Regular Plan2,573,0421.56205.8622,9692024-12-16313.03%
Franklin India Smaller Companies Fund1,988,0221.4159.01622,9692024-12-16219.12%
HDFC Multi Cap Fund900,0000.6571.99622,9692024-12-1644.47%
UTI Small Cap Fund840,0001.8667.19622,9692024-12-1634.84%
Kotak Equity Hybrid Fund - Regular Plan796,2571.3263.69622,9692024-12-1627.82%
DSP Tiger Fund622,9691.6549.83622,9692024-12-160%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)24.9417.1023.9916.5316.26
Diluted EPS (Rs.)24.9417.1023.9916.5316.26
Cash EPS (Rs.)25.6718.0727.4120.4319.93
Book Value[Excl.RevalReserv]/Share (Rs.)201.01179.35166.98146.93136.05
Book Value[Incl.RevalReserv]/Share (Rs.)201.01179.35166.98146.93136.05
Revenue From Operations / Share (Rs.)139.6077.0897.6280.8479.65
PBDIT / Share (Rs.)32.1114.9933.9125.7223.88
PBIT / Share (Rs.)31.3814.2830.1621.9820.10
PBT / Share (Rs.)29.8513.2929.6521.2719.54
Net Profit / Share (Rs.)24.9417.3623.6616.6916.15
NP After MI And SOA / Share (Rs.)24.9517.3623.9916.5316.28
PBDIT Margin (%)22.9919.4434.7331.8129.97
PBIT Margin (%)22.4718.5330.8927.1825.23
PBT Margin (%)21.3817.2430.3626.3024.53
Net Profit Margin (%)17.8622.5224.2320.6420.27
NP After MI And SOA Margin (%)17.8622.5224.5720.4420.44
Return on Networth / Equity (%)12.419.6814.3611.2411.96
Return on Capital Employeed (%)14.887.0315.8713.6413.34
Return On Assets (%)9.476.7410.488.258.61
Total Debt / Equity (X)0.000.000.000.020.00
Asset Turnover Ratio (%)0.530.310.450.410.43
Current Ratio (X)4.304.424.783.743.31
Quick Ratio (X)4.254.244.723.733.29
Dividend Payout Ratio (NP) (%)24.0511.7618.7436.300.00
Dividend Payout Ratio (CP) (%)23.3711.3016.2029.600.00
Earning Retention Ratio (%)75.9588.2481.2663.700.00
Cash Earning Retention Ratio (%)76.6388.7083.8070.400.00
Interest Coverage Ratio (X)21.0315.1466.2836.0642.91
Interest Coverage Ratio (Post Tax) (X)17.5010.0647.2424.4030.03
Enterprise Value (Cr.)8161.343482.242674.753324.682544.40
EV / Net Operating Revenue (X)5.434.202.493.742.90
EV / EBITDA (X)23.6221.597.1711.759.69
MarketCap / Net Operating Revenue (X)5.524.372.533.782.95
Retention Ratios (%)75.9488.2381.2563.690.00
Price / BV (X)3.841.881.482.081.73
Price / Net Operating Revenue (X)5.524.372.533.782.95
EarningsYield0.030.050.090.050.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Techno Electric & Engineering Company Ltd as of December 18, 2024 is: 2,170.97

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 18, 2024, Techno Electric & Engineering Company Ltd is Undervalued by 45.51% compared to the current share price 1,492.00

Intrinsic Value of Techno Electric & Engineering Company Ltd as of December 18, 2024 is: 2,364.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 18, 2024, Techno Electric & Engineering Company Ltd is Undervalued by 58.48% compared to the current share price 1,492.00

Last 5 Year EPS CAGR: 8.91%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,723.33 cr) compared to borrowings (47.11 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (586.50 cr) and profit (241.00 cr) over the years.
  1. The stock has a low average ROCE of 14.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 168.00, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 125.00, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Techno Electric & Engineering Company Ltd:
    1. Net Profit Margin: 17.86%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.88% (Industry Average ROCE: 19.11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.41% (Industry Average ROE: 14.84%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 17.5
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 4.25
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 54.8 (Industry average Stock P/E: 54.38)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Techno Electric & Engineering Company Ltd. is a Public Limited Listed company incorporated on 26/10/2005 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L40108UP2005PLC094304 and registration number is 166026. Currently company belongs to the Industry of Engineering - Heavy. Company’s Total Operating Revenue is Rs. 1073.87 Cr. and Equity Capital is Rs. 22.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyC-218, Ground Floor (GR-2), Noida Uttar Pradesh 201307desk.investors@techno.co.in
http://www.techno.co.in
Management
NamePosition Held
Mr. P P GuptaManaging Director
Mr. Ankit SaraiyaWhole Time Director
Ms. Avantika GuptaNon Executive Director
Mr. James Raymond TroutNon Executive Director
Mr. Shailesh Kumar MishraNon Executive Director
Ms. Dipali KhannaIndependent Woman Director
Mr. S N RoyIndependent Director
Mr. K K RaiIndependent Director
Mr. K M PoddarIndependent Director
Mr. Anjan DasguptaIndependent Director
Mr. Arun DuggalIndependent Director

FAQ

What is the latest intrinsic value of Techno Electric & Engineering Company Ltd?

The latest intrinsic value of Techno Electric & Engineering Company Ltd as on 18 December 2024 is ₹2170.97, which is 45.51% higher than the current market price of ₹1,492.00. The stock has a market capitalization of 17,363 Cr. and recorded a high/low of ₹1,825/607 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,479 Cr and total liabilities of ₹4,542 Cr.

What is the Market Cap of Techno Electric & Engineering Company Ltd?

The Market Cap of Techno Electric & Engineering Company Ltd is 17,363 Cr..

What is the current Stock Price of Techno Electric & Engineering Company Ltd as on 18 December 2024?

The current stock price of Techno Electric & Engineering Company Ltd as on 18 December 2024 is 1,492.

What is the High / Low of Techno Electric & Engineering Company Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Techno Electric & Engineering Company Ltd stocks is 1,825/607.

What is the Stock P/E of Techno Electric & Engineering Company Ltd?

The Stock P/E of Techno Electric & Engineering Company Ltd is 54.8.

What is the Book Value of Techno Electric & Engineering Company Ltd?

The Book Value of Techno Electric & Engineering Company Ltd is 301.

What is the Dividend Yield of Techno Electric & Engineering Company Ltd?

The Dividend Yield of Techno Electric & Engineering Company Ltd is 0.47 %.

What is the ROCE of Techno Electric & Engineering Company Ltd?

The ROCE of Techno Electric & Engineering Company Ltd is 16.5 %.

What is the ROE of Techno Electric & Engineering Company Ltd?

The ROE of Techno Electric & Engineering Company Ltd is 13.1 %.

What is the Face Value of Techno Electric & Engineering Company Ltd?

The Face Value of Techno Electric & Engineering Company Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Techno Electric & Engineering Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE