Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Techno Electric & Engineering Company Ltd

About the Company - Techno Electric & Engineering Company Ltd

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), Sector-63, 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
Ms. Dipali KhannaIndependent Woman Director
Mr. S N RoyIndependent Director
Mr. K K RaiIndependent Director
Mr. K M PoddarIndependent Director
Mr. K VasudevanIndependent Director

Techno Electric & Engineering Company Ltd. Share Price Update

Share PriceValue
Today₹803.00
Previous Day₹805.05

Basic Stock Data of Techno Electric & Engineering Company Ltd

Market Cap 8,141 Cr.
Current Price 756
High / Low860/312
Stock P/E41.0
Book Value 185
Dividend Yield0.80 %
ROCE8.18 %
ROE9.91 %
Face Value 2.00

Data Source: screener.in

Competitors of Techno Electric & Engineering Company Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Walchandnagar Industries Ltd 1,229 Cr. 267269/49.8 52.80.00 %6.95 %44.0 % 2.00
TRF Ltd 481 Cr. 437510/15310.3 44.40.00 %188 %% 10.0
Titagarh Rail Systems Ltd 13,360 Cr. 9921,249/20552.3 1030.05 %17.6 %13.9 % 2.00
Praj Industries Ltd 9,531 Cr. 518650/29934.1 60.50.87 %31.0 %23.7 % 2.00
Triveni Turbine Ltd 14,448 Cr. 454498/29158.1 27.90.29 %28.7 %21.5 % 1.00
Industry Average7,809.80 Cr533.6030.9657.720.24%54.45%20.62%3.40

Techno Electric & Engineering Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales257248215189274298305145186185313274462
Expenses182170196134188257268123153162306253385
Operating Profit7577195585403722322372178
OPM %29%31%9%29%31%14%12%15%17%13%2%8%17%
Other Income341181710113-0284220782929
Interest2322122112644
Depreciation101010101022222222
Profit before tax9776156084150334871407744101
Tax %18%25%13%24%25%24%-13%25%17%21%21%42%27%
Net Profit80569476511537365931612574
EPS in Rs7.305.090.854.285.8910.443.383.235.352.905.652.356.86

Techno Electric & Engineering Company Ltd Quarterly Chart

Techno Electric & Engineering Company Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1201,2839868718849998301,234
Expenses109887366546688407421,105
Operating Profit11029525021721615987129
OPM %91%23%25%25%24%16%11%10%
Other Income1942734867175165156
Interest2125137971116
Depreciation3742424241788
Profit before tax70271268216232319233261
Tax %20%24%28%17%22%19%20%
Net Profit56206193179182264187191
EPS in Rs0.632.3117.1616.2816.5323.9917.3617.76
Dividend Payout %0%0%0%0%61%8%35%

Techno Electric & Engineering Company Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)267.86%-6.31%-7.25%1.68%45.05%-29.17%
Change in YoY Net Profit Growth (%)0.00%-274.17%-0.94%8.93%43.38%-74.22%

Techno Electric & Engineering Company Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:-8%
3 Years:-2%
TTM:32%
Compounded Profit Growth
10 Years:%
5 Years:-2%
3 Years:5%
TTM:-38%
Stock Price CAGR
10 Years:%
5 Years:27%
3 Years:41%
1 Year:113%
Return on Equity
10 Years:%
5 Years:12%
3 Years:12%
Last Year:10%

Techno Electric & Engineering Company Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital17823232222222222
Reserves4841,2091,4041,4741,5941,8151,9091,966
Borrowings2736744040000
Other Liabilities32621547583546679839924
Total Liabilities9671,9202,0172,0792,2032,5162,7692,911
Fixed Assets6165855465084674598179
CWIP00000095181
Investments2094505816917141,0491,3051,221
Other Assets1418858918811,0221,0081,2881,430
Total Assets9671,9202,0172,0792,2032,5162,7692,911

Techno Electric & Engineering Company Ltd Reserves and Borrowings Chart

Techno Electric & Engineering Company Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 16021219811212525993
Cash from Investing Activity -158142-17138-54-22413
Cash from Financing Activity -55-326-16-161-34-64-103
Net Cash Flow-542810-1137-283

Techno Electric & Engineering Company Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days230216202240219213282
Inventory Days31359
Days Payable185205303
Cash Conversion Cycle230342022402192238
Working Capital Days16189159159206188232
ROCE %26%20%13%12%18%8%

Techno Electric & Engineering Company Ltd Financial Efficiency Indicators Chart

Techno Electric & Engineering Company Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters60.18%60.18%60.18%60.18%60.18%60.18%60.21%61.16%61.52%61.52%61.52%61.52%
FIIs1.04%1.02%1.25%1.19%1.24%1.44%1.62%1.69%2.10%2.18%2.29%3.21%
DIIs30.93%32.13%30.86%29.79%27.33%27.32%26.81%25.95%25.03%24.21%24.58%23.98%
Public7.84%6.66%7.71%8.84%11.25%11.05%11.37%11.20%11.35%12.08%11.63%11.27%
No. of Shareholders8,54410,19520,30123,02623,72421,06523,04920,58019,77930,39036,50843,313

Techno Electric & Engineering Company Ltd Shareholding Pattern Chart

No. of Techno Electric & Engineering Company Ltd Shareholders

Techno Electric & Engineering Company Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan49890000.54399.05
DSP Mid Cap Fund44261912.11354.03
Kotak Small Cap Fund - Regular Plan41846292.38334.71
DSP Small Cap Fund33751192269.96
HSBC Small Cap Fund - Regular Plan25730421.56205.8
Franklin India Smaller Companies Fund19880221.4159.01
HDFC Multi Cap Fund9000000.6571.99
UTI Small Cap Fund8400001.8667.19
Kotak Equity Hybrid Fund - Regular Plan7962571.3263.69
DSP Tiger Fund6229691.6549.83

Techno Electric & Engineering Company Ltd ROCE Trend

Techno Electric & Engineering Company Ltd EPS Trend

Techno Electric & Engineering Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)17.1023.9916.5316.2617.16
Diluted EPS (Rs.)17.1023.9916.5316.2617.16
Cash EPS (Rs.)18.0727.4120.4319.9320.66
Book Value[Excl.RevalReserv]/Share (Rs.)179.35166.98146.93136.05126.57
Book Value[Incl.RevalReserv]/Share (Rs.)179.35166.98146.93136.05126.57
Revenue From Operations / Share (Rs.)77.0897.6280.8479.6587.74
PBDIT / Share (Rs.)14.9933.9125.7223.8828.35
PBIT / Share (Rs.)14.2830.1621.9820.1024.64
PBT / Share (Rs.)13.2929.6521.2719.5423.55
Net Profit / Share (Rs.)17.3623.6616.6916.1516.95
NP After MI And SOA / Share (Rs.)17.3623.9916.5316.2817.16
PBDIT Margin (%)19.4434.7331.8129.9732.31
PBIT Margin (%)18.5330.8927.1825.2328.08
PBT Margin (%)17.2430.3626.3024.5326.83
Net Profit Margin (%)22.5224.2320.6420.2719.32
NP After MI And SOA Margin (%)22.5224.5720.4420.4419.55
Return on Networth / Equity (%)9.6814.3611.2411.9613.55
Return on Capital Employeed (%)7.0315.8713.6413.3417.21
Return On Assets (%)6.7410.488.258.619.58
Total Debt / Equity (X)0.000.000.020.000.01
Asset Turnover Ratio (%)0.310.450.410.430.50
Current Ratio (X)4.424.783.743.313.33
Quick Ratio (X)4.244.723.733.293.28
Dividend Payout Ratio (NP) (%)11.7618.7436.300.000.00
Dividend Payout Ratio (CP) (%)11.3016.2029.600.000.00
Earning Retention Ratio (%)88.2481.2663.700.000.00
Cash Earning Retention Ratio (%)88.7083.8070.400.000.00
Interest Coverage Ratio (X)15.1466.2836.0642.9126.01
Interest Coverage Ratio (Post Tax) (X)10.0647.2424.4030.0316.55
Enterprise Value (Cr.)3482.242674.753324.682544.403079.30
EV / Net Operating Revenue (X)4.202.493.742.903.11
EV / EBITDA (X)21.597.1711.759.699.64
MarketCap / Net Operating Revenue (X)4.372.533.782.953.14
Retention Ratios (%)88.2381.2563.690.000.00
Price / BV (X)1.881.482.081.732.18
Price / Net Operating Revenue (X)4.372.533.782.953.14
EarningsYield0.050.090.050.060.06

Techno Electric & Engineering Company Ltd Profitability Ratios (%)

Techno Electric & Engineering Company Ltd Liquidity Ratios

Techno Electric & Engineering Company Ltd Liquidity Ratios (%)

Techno Electric & Engineering Company Ltd Interest Coverage Ratios (X)

Techno Electric & Engineering Company Ltd Valuation Ratios

Fair Value / Intrinsic Value of Techno Electric & Engineering Company Ltd

Fair Value: ₹757.69

The stock is undervalued by 0.22% compared to the current price ₹756

*Investments are subject to market risks

Strength and Weakness of Techno Electric & Engineering Company Ltd

StrengthWeakness
  1. The company has higher reserves (1,481.88 cr) compared to borrowings (53.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (586.50 cr) and profit (233.75 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 22.23 and average Dividend Yield of 25.98%.
  2. The stock has a low average ROCE of 13.86%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 170.57, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 140.71, which may not be favorable.

Should I Buy Techno Electric & Engineering Company Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Techno Electric & Engineering Company Ltd:
    1. Net Profit Margin: 22.52%
      • 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: 7.03% (Industry Average ROCE: 19.17%)
      • 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. Interest Coverage Ratio (Post Tax): 10.06
      • 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.
    4. Quick Ratio: 4.24
      • 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.
    5. ✓ Stock P/E: 41.3 (Industry average Stock P/E: 70.4)
      • 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.
    6. ✓ Total Debt / Equity: 0.00
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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