Techno Electric & Engineering Company Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹9,891 Cr
- P/E
- 19.20
- ROE
- 12.63%
- PEG
- 0.60
- Price to sales
- 2.94
- Debt to equity
- 0.01
- 52W high / low
- ₹1,373 / ₹825
- Sales growth (5Y)
- 29.77%
- EBITDA margin
- 13.54%
- Net profit margin
- 15.48%
- Promoter holding
- 56.93%
- Sales (last year)
- ₹3,380 Cr
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]
Guidance scorecard · Q1 FY27 call
What Techno Electric & Engineering Company Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ1 FY27 call
20–40%- Revenue grew by 25% this quarter; order inflow momentum is strong with an order book around INR11,000 crores, providing good visibility.
- The company expects at least 25% growth in top line and bottom line (EPS) this year.
- Data center business is nascent; revenue and EBITDA impact expected to start showing from FY27 as customer migrations and commissioning progress.
- Medium-term data center capacity target is 250 megawatts by 2030, with 150 megawatts already under discussion.
- Smart metering business has stable annuity cash flows with contract tenures extending to 8+ years, supporting sustained revenues.
- Chennai data center capacity organically increased from 24 MW to ~35-40 MW through engineering optimizations, enabling higher revenue potential without proportional capex increase.
2 more points from Techno Electric & Engineering Company Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Techno Electric & Engineering Company Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Planned capex of around INR1,000 crores for data centres in FY27, primarily in Noida and Kolkata.
- Noida data centre is a joint venture with RailTel with about 5 MW capacity initially; demand expected from government entities.
- Kolkata data centre is in early stages (foundation and piling), commissioning expected in FY28; traction seen around mid next year.
- Future capital investment needs are uncertain due to AI-driven demand but the company is maintaining a healthy balance sheet to capitalize on opportunities.
- Smart meter business is largely self-funded; no significant capex expected this year.
- Total investment in data centres as of March is approximately INR650 crores; cash and current investments stand at around INR1,250 crores (June 26).
2 more points from Techno Electric & Engineering Company Ltd's call on capex
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FundraisingQ1 FY27 call
See what Techno Electric & Engineering Company Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- Order book as of August 2026 stands at approximately INR 11,000 crores (post 30th June includes new orders).
- Year-to-date (YTD) order inflow is INR 2,200 crores; Q1 order inflow was INR 660 crores.
- The L1 (likely to be awarded) order book is around INR 2,100 crores.
- Current order book includes transmission, high-end station construction involving partners like Power Grid, Adani, and IndiGrid.
- Typical execution period for order book revenue realization is 2 to 3 years, depending on land parcel availability and project start.
- Order inflow momentum is strong, surpassing earlier annual guidance of INR 4,000 crores.
2 more points from Techno Electric & Engineering Company Ltd'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 Construction
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
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of Techno Electric & Engineering Company Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Techno Electric & Engineering Company Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 313 | 274 | 462 | 327 | 440 | 375 | 441 | 636 | 816 | 526 | 843 | 872 | 1,010 |
| Expenses + | 306 | 253 | 385 | 270 | 385 | 323 | 371 | 546 | 689 | 434 | 732 | 746 | 878 |
| Operating Profit | 7 | 21 | 78 | 56 | 54 | 52 | 70 | 90 | 127 | 92 | 111 | 126 | 132 |
| OPM % | 2% | 8% | 17% | 17% | 12% | 14% | 16% | 14% | 16% | 18% | 13% | 14% | 13% |
| Other Income + | 78 | 29 | 29 | 45 | 31 | 68 | 39 | 44 | 53 | 73 | 38 | 32 | 32 |
| Interest | 6 | 4 | 4 | 4 | 4 | 2 | 2 | 3 | 4 | 3 | 7 | 4 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 9 | 3 |
| Profit before tax | 77 | 44 | 101 | 95 | 79 | 117 | 105 | 129 | 174 | 161 | 140 | 144 | 155 |
| Tax % | 21% | 42% | 27% | 4% | 2% | 16% | 11% | 26% | 23% | 16% | 26% | 17% | 26% |
| Net Profit + | 61 | 25 | 74 | 92 | 78 | 98 | 94 | 96 | 135 | 136 | 104 | 119 | 115 |
| EPS in Rs | 5.65 | 2.35 | 6.86 | 8.54 | 7.21 | 9.12 | 8.10 | 8.25 | 11.58 | 11.70 | 8.94 | 10.25 | 9.85 |
Financials of Techno Electric & Engineering Company Ltd
Profit & Loss
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 120 | 1,283 | 986 | 871 | 884 | 999 | 830 | 1,502 | 2,269 | 3,252 |
| Expenses + | 10 | 988 | 736 | 654 | 668 | 840 | 742 | 1,292 | 1,929 | 2,790 |
| Operating Profit | 110 | 295 | 250 | 217 | 216 | 159 | 87 | 210 | 339 | 462 |
| OPM % | 91% | 23% | 25% | 25% | 24% | 16% | 11% | 14% | 15% | 14% |
| Other Income + | 19 | 42 | 73 | 48 | 67 | 175 | 165 | 134 | 205 | 175 |
| Interest | 21 | 25 | 13 | 7 | 9 | 7 | 11 | 17 | 11 | 19 |
| Depreciation | 37 | 42 | 42 | 42 | 41 | 7 | 8 | 8 | 8 | 17 |
| Profit before tax | 70 | 271 | 268 | 216 | 232 | 319 | 233 | 319 | 525 | 600 |
| Tax % | 20% | 24% | 28% | 17% | 22% | 19% | 20% | 16% | 20% | 21% |
| Net Profit + | 56 | 206 | 193 | 179 | 182 | 264 | 187 | 268 | 423 | 474 |
| EPS in Rs | 0.63 | 2.31 | 17.16 | 16.28 | 16.53 | 23.99 | 17.36 | 24.95 | 36.37 | 40.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 61% | 8% | 35% | 28% | 25% | 17% |
Financials of Techno Electric & Engineering Company Ltd
Balance Sheet
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 178 | 23 | 23 | 22 | 22 | 22 | 22 | 22 | 23 | 23 |
| Reserves | 484 | 1,209 | 1,404 | 1,474 | 1,594 | 1,815 | 1,909 | 2,142 | 3,716 | 4,134 |
| Borrowings + | 273 | 67 | 44 | 0 | 40 | 0 | 0 | 0 | 39 | 72 |
| Other Liabilities + | 32 | 621 | 547 | 583 | 546 | 679 | 839 | 658 | 1,265 | 1,709 |
| Total Liabilities | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,821 | 5,044 | 5,938 |
| Fixed Assets + | 616 | 585 | 546 | 508 | 467 | 459 | 81 | 76 | 70 | 510 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 95 | 276 | 442 | 72 |
| Investments | 209 | 450 | 581 | 691 | 714 | 1,049 | 1,305 | 1,142 | 2,836 | 2,258 |
| Other Assets + | 141 | 885 | 891 | 881 | 1,022 | 1,008 | 1,288 | 1,327 | 1,696 | 3,099 |
| Total Assets | 967 | 1,920 | 2,017 | 2,079 | 2,203 | 2,516 | 2,769 | 2,821 | 5,044 | 5,938 |
Financials of Techno Electric & Engineering Company Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 160 | 212 | 198 | 112 | 125 | 259 | 93 | -198 | 453 | -590 |
| Cash from Investing Activity + | -158 | 142 | -171 | 38 | -54 | -224 | 13 | 269 | -1,630 | 703 |
| Cash from Financing Activity + | -55 | -326 | -16 | -161 | -34 | -64 | -103 | -85 | 1,175 | -92 |
| Net Cash Flow | -54 | 28 | 10 | -11 | 37 | -28 | 3 | -14 | -2 | 21 |
| Free Cash Flow | 116 | 211 | 195 | 111 | 125 | 226 | 28 | -379 | 285 | -657 |
| CFO/OP | 150% | 91% | 106% | 79% | 74% | 205% | 235% | -60% | 158% | -97% |
Financials of Techno Electric & Engineering Company Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 230 | 216 | 202 | 240 | 219 | 213 | 282 | 180 | 108 | 137 |
| Inventory Days | 3 | 13 | 59 | 8 | 0 | 0 | ||||
| Days Payable | 185 | 205 | 303 | 173 | ||||||
| Cash Conversion Cycle | 230 | 34 | 202 | 240 | 219 | 22 | 38 | 15 | 108 | 137 |
| Working Capital Days | 161 | 88 | 151 | 159 | 189 | 188 | 239 | 143 | 92 | 430 |
| ROCE % | 26% | 20% | 13% | 12% | 18% | 8% | 17% | 17% | 15% |
Guidance history
How Techno Electric & Engineering Company Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
7 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −36.9% | 15% |
| Last 6 months | −33.8% | 5% |
| Last 3 months | −12.1% | 35% |
The price is 50.9% below its all-time high of ₹1,731.4 (18 Oct 2024). Stocks more than 20% below their peak have their score halved, so 15 became 7.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Techno Electric & Engineering Company Ltd: 0.4 × 15 + 0.4 × 5 + 0.2 × 35 = 15, halved to 7 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Techno Electric & Engineering Company Ltd's management said in earlier quarters
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