TickerSutra

NSE: TECHNOE · BSE: 542141 · ISIN INE285K01026

Techno Electric & Engineering Company Limited stock analysis

Techno Electric & Engineering Company Limited ranks #1243 in the TickerSutra evidence-ranked universe with a score of 55/100 and 95% data confidence. The latest captured fundamentals show ROCE of 15.9%, quarterly sales growth of 24.9% and quarterly profit growth of -2.0%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE55/100

Monitor only

#1243 of 5,430 ranked equities
Market capitalisation₹11,308.12cr
ROCE15.9%
Quarterly sales growth24.9%
Quarterly profit growth-2.0%
P/E ratio22.0×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Low debt/equity of 0×
  • 49.8% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • CFO/EBITDA is below 0.6×

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹999cr₹159cr₹260cr16.0%
2023₹967cr₹119cr₹218cr12.0%
2024₹1,681cr₹227cr₹270cr14.0%
2025₹2,402cr₹328cr₹428cr14.0%
2026₹3,252cr₹448cr₹542cr14.0%
TTM₹3,380cr₹458cr₹515cr14.0%
Debt / equity0.00×
CFO / EBITDA-1.28×
Operating margin14.0%
Free cash flow₹-592cr
Sales CAGR · 3Y49.8%
Profit CAGR · 3Y35.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansModerate severity · 2 mentions
Positive catalyst

Receiving strong demand signals from global and domestic cloud operators. Phase II capex planning is underway. • Kolkata (8 MW) - Under development; targeted for commissioning in FY 2026-27.

Regulatory updatesLow severity · 38 mentions
Watch

Material issue identified Indicate whether risk or opportunity (R/O) Rationale for identifying the risk / opportunity In case of risk, approach to adapt or mitigate Financial implications of the risk or opportunity (Indicate positive or negative implications) 12. Regulatory Issues and Compliance / Corporate Governance R Weak corporate governance can lead to mismanagement, operational inefficiencies, and financial los

Regulatory approvalLow severity · 11 mentions
Watch

Capabilities • Smart meter deployment and integration • Meter Data Management System (MDMS) • Head-End System (HES) integration • Utility billing integration • Field deployment and consumer support • Long-term operations and maintenance Project Highlights • 5 smart prepaid metering contracts secured across 4 states • Projects being executed under DBFOOT model • Total project tenure: 120 months − 27 months installatio

Management confidenceLow severity · 1 mention
Constructive

On 19 December 2024, the Company had submitted an acknowledgement of ‘Verification and claim eligibility process’ (VCEP), under which the verification of claim invoices and expenditure for works, goods and services performed and/or delivered is completed. During the year, the Company has received certain payments amounting to H 20.68 millions and the management is confident of receiving outstanding balance in the due

Institutional interestLow severity · 2 mentions
Watch

Schedule V(C) 10(j) All the recommendations of the various mandatory committees were accepted by the Board. Details of utilization of funds Raised through preferential Allotment or qualified institutions placement as specified under Regulation 32 (7A) Schedule V(C) 10(h) In FY 2024-25, the Company raised ₹ 1250 Crores by issue of equity shares through Qualified Institutional Placement (QIP). Out of the said amount, ₹

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

DIRECTOR & BUSINESS NETWORK

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