āagman

Not investment advice. Data and computed figures, for information only.

Techno Electric & Engineering Company Ltd

NSE: TECHNOE
₹945.20
−₹4.60 (−0.48%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹11,105 Cr
CMP
₹945.20
52-wk High / Low
₹1,384 / 870
P/E
25.8
P/B
2.7
Book Value
₹357.0
Div Yield
0.73%
ROCE
15.0%
ROE
12.0%
Face Value
₹2
D/E
0.02

Price−30.9% over 1Y

āagman read

Computed by āagman
Derived from 10 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹572
√(22.5 × EPS × book value per share)
ROIC
8.3%
vs 11.1% sector median
Cash flow to profit
−1.24
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−162
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
9.7%
ROE × earnings retention ratio
ROE stability
1.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.57DII −1.11
Latest quarter vs the previous one
Cash-accrual divergence
19.4%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 6.0pp over the last year
Watch-outs
−Latest ROCE of 15% trails the sector median of 17%
−Price trades below its 200-day moving average (0.9x)
−Price is 31.7% below its 52-week high
−Promoter holding fell by 4.6pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)
−Balance-sheet accruals of 19.4% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2744623274403754416368165268438721,010630
Expenses253385270385323371546689434732746878531
Operating Profit2178565452709012792111126132100
OPM %7.7%16.9%17.1%12.3%13.9%15.9%14.2%15.6%17.5%13.2%14.4%13.1%15.9%
Other Income29294531683944537338323229
Interest4444223437464
Depreciation2222222222936
Profit before tax441019579117105129174161140144155118
Net Profit2574927898949613513610411911593
EPS (₹)2.356.868.547.219.128.108.2511.5811.708.9410.259.858.02

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 10 years + TTM
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1201,2839868718849998301,5022,2693,2523,356
Expenses109887366546688407421,2921,9292,7892,887
Operating Profit11029525021721615987210339462469
OPM %91.7%23.0%25.4%24.9%24.4%15.9%10.5%14.0%14.9%14.2%14.0%
Other Income1942734867175165134205175130
Interest2125137971117112021
Depreciation374242424178881721
Profit before tax70271268216232319233319525600557
Net Profit56206193179182264187268423474431
EPS (₹)0.632.3117.1616.2816.5323.9917.3624.9536.3740.7537.06

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital178232322222222222323—
Reserves4841,2091,4041,4741,5941,8151,9092,1423,7164,134—
Borrowings27367440400003972—
Other Liabilities326215475835466798396581,2651,692—
Total Liabilities9671,9202,0172,0792,2032,5162,7692,8215,0445,921—
Fixed Assets616585546508467459817670510—
CWIP0000009527644272—
Investments2094505816917141,0491,3051,1422,8362,258—
Other Assets1418858918811,0221,0081,2881,3271,6963,082—
Total Assets9671,9202,0172,0792,2032,5162,7692,8215,0445,921—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity16021219811212525993−198453−590
Cash from Investing Activity−158142−17138−54−22413269−1,630703
Cash from Financing Activity−55−326−16−161−34−64−103−851,175−92
Net Cash Flow−542810−1137−283−14−221

Ratios

As of 31 Mar 2026
10 periods
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—26.020.013.012.018.08.017.017.015.0
ROE %—————————12.0
EPS (₹)0.632.3117.1616.2816.5323.9917.3624.9536.3740.75
Book Value (₹)—————————357.0
Face Value (₹)—————————2
P/E—————————25.8
Div Yield %—————————0.73
NPM %40.315.518.219.519.122.518.816.417.113.8
OPM %91.023.025.025.024.016.011.014.015.014.0
D/E0.410.050.030.000.020.000.000.000.010.02
P/B—————————2.7

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+30.0%
3 years+58.0%
TTM+39.0%
Compounded profit growth
5 years+27.0%
3 years+36.0%
TTM−1.0%
Stock price CAGR
5 years+28.0%
3 years+23.0%
Last year−30.0%
Return on equity
10 years13.0%
5 years13.0%
3 years13.0%
Last year12.0%

Shareholding pattern

As of 30 Sep 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters58.75%58.75%60.18%60.18%60.18%61.52%61.52%56.93%56.93%56.93%
FIIs1.22%1.22%1.11%1.04%1.24%2.10%3.85%9.33%8.65%8.08%
DIIs23.57%23.57%28.85%30.93%27.33%25.03%23.76%24.50%22.72%21.61%
Government——————————
Public16.46%16.46%9.86%7.84%11.25%11.35%10.86%9.24%11.70%13.39%
No. of shareholders13,96213,9626,2788,54423,72419,77953,29685,4741,11,2161,17,238
Change since Jun 2023 (pp)
Promoters −1.82FIIs +6.86DIIs −1.96Public −3.07

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Resignation of DirectorClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Change in DirectorateShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026RecordingAug 2026RecordingMay 2026RecordingMar 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026Recording

Corporate actions

As of 11 Sep 2026
11 Sep 2026DIVIDENDDividend - Rs 7 Per Share—
12 Sep 2025DIVIDENDDividend - Rs 9 Per Share—
13 Sep 2024DIVIDENDDividend - Rs 7 Per Share—
15 Sep 2023DIVIDENDDividend - Rs 6 Per Share—
15 Sep 2022DIVIDENDDividend - Rs 2 Per Share—
20 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 4 Per Share—
24 Feb 2021DIVIDEND Interim Dividend - Rs 3 Per Share—
24 Nov 2020DIVIDEND Interim Dividend - Rs 3 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman