Techera Engineering India Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹217 Cr
- P/E
- 106.78
- ROE
- 3.97%
- PEG
- 6.93
- Price to sales
- 4.46
- Debt to equity
- 0.61
- 52W high / low
- ₹256 / ₹122
- Sales growth (5Y)
- 42.41%
- EBITDA margin
- 18.02%
- Net profit margin
- 4.19%
- Promoter holding
- 35.25%
- Sales (last year)
- ₹49 Cr
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defense industries.[1]
Guidance scorecard · Q2 FY27 call
What Techera Engineering India's management guided
and where it ranks in Aerospace & Defense
RevenueQ2 FY26 call
20–40%- Management expects significant growth over the next 2-3 years, describing the current period as a build-up phase leading to a leap in performance.
- Several upcoming orders and projects, especially with defense and aerospace sectors, are expected to translate into substantial revenue increases in FY27 and beyond.
- The company is entering into manufacturing entire tooling sets for an Indian private jet company, indicating large, recurring income streams.
- Growth from subsidiaries like Nashik is anticipated, with plans to increase stake and operational control.
- Repetitive orders for aircraft fixtures and assemblies are expected to multiply with increased aircraft production.
- Newer contracts with Indian Air Force and collaborations with key industry players (e.g., Jeh Aerospace) are poised to grow business volume and revenues.
2 more points from Techera Engineering India's call on revenue
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MarginsQ2 FY26 call
See what Techera Engineering India said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- Capex plans are in discussion but not finalized; company is assessing equipment needs before committing.
- Management emphasized the importance of understanding capability and capacity before starting any capex.
- Large upcoming equipment supply to multiple industries is expected, involving potentially hundreds of units.
- Strategic investments involve building capacity for new product segments like ground support equipment and aircraft tooling.
- Expansion to new locations such as Bangalore planned to improve operational footprint via subsidiaries.
2 more points from Techera Engineering India's call on capex
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FundraisingQ2 FY26 call
See what Techera Engineering India said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Rising- TechEra Engineering is engaged in several ongoing and potential orders, particularly in defense and aerospace sectors.
- They are working closely with Jeh Aerospace and have received multiple orders adding around ₹5-7 crore every quarter.
- The company is involved in manufacturing ground support equipment and tooling for Indian Air Force (IAF) and other defense projects.
- Direct supply to Indian Air Force is planned, eliminating middlemen, with discussions underway at various air bases.
- Potential large orders with L&T and other major players are expected, including recurring orders for fighter jets and training aircraft tooling.
- Upcoming orders expected to contribute significantly to revenue in FY26 and FY27, with a possibility of 40-50% revenue growth.
2 more points from Techera Engineering India's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Aerospace & Defense
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Aerospace & Defense companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹5,760 Cr | 189.0 | |
| 2 | 40%+ | Up 0–2% | ₹1,097 Cr | 40.8 | |
| 3 | 40%+ | Flat | ₹15,716 Cr | 113.3 | |
| 4 | 40%+ | Flat | ₹15,170 Cr | — | |
| 5 | 40%+ | Flat | ₹9,210 Cr | 104.5 | |
| 6 | 40%+ | Flat | ₹7,795 Cr | 237.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Aerospace & Defense rankingFinancials of Techera Engineering India
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Techera Engineering India
Shareholding breakup across reporting periods.
| Sep 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Promoters + | 42.25% | 42.25% | 42.25% | 39.62% | 36.89% | 36.89% | 35.25% |
| FIIs + | 3.89% | 0.04% | 0.00% | 0.22% | 0.22% | 0.23% | 0.22% |
| DIIs + | 15.76% | 12.51% | 1.56% | 0.02% | 0.02% | 0.00% | 0.51% |
| Public + | 38.10% | 45.20% | 56.19% | 60.14% | 62.87% | 62.88% | 64.02% |
| No. of Shareholders | 1,237 | 814 | 1,088 | 1,766 | 1,895 | 2,502 | 2,889 |
Pros & Cons
Techera Engineering India
Key positives and risks surfaced from the company insights section.
- Stock is trading at 4.11 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.64%
- Promoter holding is low: 35.2%
- Company has a low return on equity of 8.77% over last 3 years.
- Company has high debtors of 178 days.
- Stock is trading at 4.11 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -1.64%
- Promoter holding is low: 35.2%
- Company has a low return on equity of 8.77% over last 3 years.
- Company has high debtors of 178 days.
Financials of Techera Engineering India
Quarterly Results
Quarter-by-quarter operating performance
Financials of Techera Engineering India
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 8.28 | 7.18 | 26.43 | 38.81 | 49.50 | 48.50 |
| Sales growth | -13.29% | +268.11% | +46.84% | +27.54% | -2.02% | |
| Expenses + | 6.81 | 10.90 | 22.31 | 31.93 | 40.88 | 39.76 |
| Operating Profit | 1.47 | -3.72 | 4.12 | 6.88 | 8.62 | 8.74 |
| OPM % | 17.75% | -51.81% | 15.59% | 17.73% | 17.41% | 18.02% |
| Other Income + | 0.24 | 0.16 | 0.15 | 0.21 | 0.22 | 1.35 |
| Interest | 0.59 | 0.80 | 1.09 | 1.71 | 1.97 | 3.20 |
| Depreciation | 1.12 | 1.91 | 1.83 | 1.93 | 2.34 | 2.86 |
| Profit before tax | 0.00 | -6.27 | 1.35 | 3.45 | 4.53 | 4.03 |
| Tax % | 0.32% | 2.96% | 18.26% | 30.24% | 23.57% | |
| Net Profit + | -0.01 | -6.29 | 1.31 | 2.82 | 3.17 | 3.08 |
| EPS in Rs | -0.02 | -6.91 | 1.44 | 2.32 | 1.92 | 1.86 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials of Techera Engineering India
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.81 | 1.81 | 12.14 | 16.52 | 16.52 |
| Reserves | 1.21 | -4.02 | -2.72 | 3.90 | 33.11 | 36.19 |
| Borrowings + | 9.12 | 20.86 | 25.77 | 14.35 | 20.37 | 32.22 |
| Other Liabilities + | 3.81 | 2.71 | 14.36 | 6.89 | 10.90 | 16.70 |
| Total Liabilities | 15.14 | 21.36 | 39.22 | 37.28 | 80.90 | 101.63 |
| Fixed Assets + | 5.61 | 8.00 | 8.57 | 8.73 | 23.24 | 44.06 |
| CWIP | 3.06 | 0.21 | 2.33 | 2.66 | 9.19 | 1.07 |
| Investments | 0.00 | 0.00 | 0.00 | 0.83 | 2.17 | 0.01 |
| Other Assets + | 6.47 | 13.15 | 28.32 | 25.06 | 46.30 | 56.49 |
| Total Assets | 15.14 | 21.36 | 39.22 | 37.28 | 80.90 | 101.63 |
Financials of Techera Engineering India
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1.26 | -6.95 | -1.18 | 3.24 | 4.36 | 5.87 |
| Cash from Investing Activity + | -6.95 | -2.12 | -6.63 | -3.11 | -38.05 | -17.24 |
| Cash from Financing Activity + | 5.55 | 12.83 | 3.95 | -1.17 | 34.56 | 8.91 |
| Net Cash Flow | -0.14 | 3.75 | -3.86 | -1.03 | 0.88 | -2.46 |
| Free Cash Flow | -5.67 | -8.51 | -5.72 | 0.81 | -32.52 | -14.87 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 86% | 187% | -29% | 58% | 68% | 67% |
Financials of Techera Engineering India
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 96.54 | 119.46 | 266.26 | 162.42 | 103.90 | 178.21 |
| Inventory Days | 1,072.74 | 225.70 | 98.59 | 53.01 | 119.89 | 406.40 |
| Days Payable | 1,032.68 | 194.38 | 304.07 | 92.64 | 101.47 | 197.21 |
| Cash Conversion Cycle | 136.60 | 150.78 | 60.77 | 122.79 | 122.31 | 387.40 |
| Working Capital Days | -89.49 | 6.10 | 35.77 | 70.07 | 56.19 | 93.24 |
| ROCE % | -36.29% | 11.26% | 18.68% | 12.97% | 7.99% |
Guidance history
How Techera Engineering India's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | — | Planned | — | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Techera Engineering India's management said in earlier quarters
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