Techno Electric & Engineering Company Limited (TECHNOE)
₹946.60 +0.15% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Techno Electric's revenue was ₹630 Cr (+19.8% year on year, -37.6% on the previous quarter), and net profit ₹93.3 Cr (-31.4% year on year); the operating margin was 15.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹630 | +19.8% | -37.6% |
| Operating profit | ₹99.5 | +8.2% | -24.6% |
| Net profit | ₹93.3 | -31.4% | -18.8% |
| EPS (₹) | 8.02 | -31.5% | -18.6% |
| Operating margin | 15.8% | — | — |
TECHNOE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 59.89% of the TECHNOE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 50.04%. Delivery was unusually high while the price barely moved (+0.15%).
Delivery in the last 5 sessions: 51.8% · 55.8% · 56.1% · 47.7% · 59.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Techno Electric & Engineering Company Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent (RTA) Niche Technologies Private Limited on October 6, 2026, confirms that dematerialisation requests received during the quarter were duly processed. All processed physical security certificates were verified, cancelled, and substituted in the register of members.
- Compliance submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarter ended September 30, 2026
- RTA confirmation issued by Niche Technologies Private Limited dated October 6, 2026
- Exchange intimation filed on October 12, 2026
Techno Electric & Engineering Company announced the resignation of Mr. James Raymond Trout from his role as Non-Executive Non-Independent Director, effective October 01, 2026. The resignation letter was tendered on September 30, 2026, and received by the company on October 01, 2026. Mr. Trout held no directorships in other listed entities. As a non-executive board exit, this is an administrative governance update with no direct impact on daily EPC operations or financials.
- Resignation of Non-Executive Director James Raymond Trout effective October 01, 2026
- Resignation letter dated September 30, 2026, received on October 01, 2026
- Resigning director holds directorships in Nil other listed entities
- Company reported TTM revenue of Rs 3,356 Cr and net profit of Rs 432 Cr
Techno Electric & Engineering Company announced that Non-Executive Non-Independent Director James Raymond Trout tendered his resignation via letter dated September 30, 2026, received on October 1, 2026. The resignation takes effect immediately on October 1, 2026. Mr. Trout holds no other directorships in listed entities. The departure represents a routine board-level change and has no direct financial impact on the company's ₹3,356 crore TTM revenue base.
- Non-Executive Director James Raymond Trout resigned effective October 1, 2026
- Resignation letter dated September 30, 2026, received by the company on October 1, 2026
- Directorships in other listed entities reported as Nil
- Company market cap stands at ₹11,629 crore with TTM revenue of ₹3,356 crore
ICRA has reaffirmed Techno Electric & Engineering Company Limited's long-term credit rating at [ICRA]AA with a Stable outlook and its short-term credit rating at [ICRA]A1+. The rating action covers total bank facilities of Rs 3,282.00 crore, which includes enhancements across rated categories. The facilities comprise Rs 221.00 crore in long-term fund-based limits, Rs 388.00 crore in fund/non-fund based limits, and Rs 2,673.00 crore in non-fund based limits. With minimal debt of Rs 21 crore and net worth of Rs 4,204 crore, the high-grade reaffirmation underscores strong balance sheet health and bidding headroom for large EPC projects.
- ICRA reaffirmed long-term rating at [ICRA]AA with Stable outlook and short-term rating at [ICRA]A1+
- Total bank facilities rated stand at Rs 3,282.00 crore (reaffirmed/assigned for enhanced amount)
- Non-fund based limits account for the majority at Rs 2,673.00 crore, essential for EPC bank guarantees
- Fund-based long-term limits rated at Rs 221.00 crore and combined fund/non-fund limits at Rs 388.00 crore
Techno Electric & Engineering Company concluded its 21st AGM on September 23, 2026, with all 7 resolutions passed by the requisite majority. Shareholders approved a final dividend of ₹7 per equity share (face value ₹2) for FY26. Additionally, shareholders approved raising the company's borrowing limits from ₹3,000 crore to ₹3,500 crore along with the creation of charges on assets. Total valid votes cast across resolutions stood at 9.84 crore shares with over 99.99% voting in favour.
- Approval of ₹7 per equity share final dividend for FY26 (face value ₹2 per share)
- Borrowing limit increased from ₹3,000 crore to ₹3,500 crore via Special Resolution
- All 7 resolutions passed with over 99.99% votes cast in favour
- A total of 45 members attended the AGM conducted via Video Conferencing
Techno Electric & Engineering Company Limited has fixed Friday, September 11, 2026, as the Record Date for its recommended final dividend of Rs 7.00 per equity share (face value Rs 2.00) for FY26. The dividend is subject to approval at the 21st Annual General Meeting scheduled for September 23, 2026. Share transfer books and register of members will remain closed from September 17 to September 23, 2026. At the current share price of Rs 976.0, this translates to a dividend yield of approximately 0.72%.
- Fixed Record Date as September 11, 2026 for final dividend eligibility
- Recommended final dividend of Rs 7.00 per equity share (face value Rs 2.00) for FY26
- Book closure scheduled from September 17, 2026 to September 23, 2026
- 21st Annual General Meeting to be held on September 23, 2026
Techno Electric & Engineering Company Limited has issued the notice for its 21st Annual General Meeting (AGM) scheduled for September 23, 2026. Key agenda items include shareholder approval for a final dividend of Rs 7 per equity share (face value Rs 2) for FY26 and an increase in the company's borrowing limits from Rs 3,000 crore to Rs 3,500 crore under Section 180(1)(c). Additionally, the company seeks approval for the appointment of Mr. Aninda Chatterjee as an Independent Director for a 5-year term.
- 21st AGM scheduled to be conducted virtually on September 23, 2026 at 3:30 PM IST
- Approval sought for a final dividend of Rs 7 per equity share (nominal value Rs 2 each) for FY26
- Special resolution proposed to raise borrowing limits from Rs 3,000 crore to Rs 3,500 crore
- Appointment of Mr. Aninda Chatterjee as Non-Executive Independent Director for a term of 5 years from Sep 23, 2026
Techno Electric & Engineering has released the transcript and recording link for its Q1 FY27 analyst call. This filing is procedural, providing public access to management's detailed commentary on the quarter's performance. Investors should note the company's robust order book of Rs 10,350 crore, which is approximately 3.18x its TTM revenue of Rs 3,251 crore. The company continues to focus on its 40% growth target driven by Data Centers and Smart Metering segments.
- Public access provided for the Q1 FY27 earnings call transcript and audio recording.
- Company maintains a substantial order book of Rs 10,350 crore as per latest financial context.
- TTM revenue stands at Rs 3,251 crore with an operating profit margin of 14.2%.
- Strong liquidity position with a cash balance of approximately Rs 2,600 crore.
- Management targeting a 40% growth rate through diversification into Data Centers and Smart Metering.
Techno Electric & Engineering (TECHNOE) has approved its Q1 FY27 results (period ended June 30, 2026). A key highlight is the auditor's 'Emphasis of Matter' regarding ₹89.64 crore in trade receivables and financial assets that are substantially overdue. While management maintains these are fully recoverable based on legal opinions, the amount represents approximately 18.9% of the company's TTM Net Profit of ₹474 crore. Additionally, 11 reviewed subsidiaries contributed ₹105.34 crore to revenue but only ₹0.38 crore to net profit for the quarter.
- Auditor flagged ₹89.64 crore (₹896.35 million) in overdue trade receivables and financial assets.
- 11 reviewed subsidiaries generated ₹105.34 crore in revenue but only ₹0.38 crore in net profit.
- The 21st Annual General Meeting (AGM) is scheduled for September 23, 2026.
- Recommended appointment of Mr. Aninda Chatterjee as an Independent Director.
- Three unreviewed subsidiaries reported a combined net loss of ₹0.33 million on nil revenue.
Techno Electric & Engineering Company Limited has scheduled its earnings conference call for August 12, 2026, at 3:30 PM IST to discuss the un-audited financial results for the quarter ended June 30, 2026. The call will be led by Chairman Mr. P. P. Gupta and CEO Mr. Ankit Saraiya. Investors will look for updates on the execution of the company's robust Rs 10,350 crore order book and the progress of its foray into the Data Center and Smart Metering segments. The company currently maintains a strong financial position with a net worth of Rs 4,204 crore and zero net debt.
- Earnings conference call scheduled for August 12, 2026, at 3:30 PM IST
- Company is managing a substantial order book of Rs 10,350 crore, approximately 3.18x TTM revenue
- TTM revenue stands at Rs 3,251 crore with an operating profit margin of 14.2%
- Management targeting Rs 1,500 crore in additional orders from the Data Center segment in the current fiscal
- Company maintains a strong liquidity position with a net worth of Rs 4,204 crore and minimal debt of Rs 21 crore
Techno Electric & Engineering Company Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by Niche Technologies Pvt. Ltd., confirms that all share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. The Registrar and Share Transfer Agent (RTA) verified that the physical certificates were mutilated and cancelled, with the depository's name substituted in the register of members. This is a standard administrative procedure to ensure the integrity of electronic shareholding.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA Niche Technologies Private Limited confirmed processing of all dematerialization requests
- Physical certificates were mutilated and cancelled as per SEBI guidelines
- Securities comprised in the certificates are confirmed to be listed on relevant stock exchanges
Promoter Ankit Saraiya has transferred 2,00,000 equity shares, representing a 0.17% stake, to the Techno Family Welfare Trust via an off-market gift. The transaction was executed on June 30, 2026, with no monetary consideration involved as it is a private arrangement to streamline family assets. This is an inter-se transfer within the promoter group, meaning the aggregate promoter holding remains unchanged at 56.93%. Such transfers are exempt from open offer requirements under SEBI SAST regulations.
- Transfer of 2,00,000 equity shares representing 0.17% of the total share capital
- Transaction executed as a gift with zero consideration (Nil price)
- Ankit Saraiya's individual holding reduces from 0.19% to 0.02% post-transfer
- Aggregate promoter and promoter group holding remains unchanged at 56.93%
- Techno Family Welfare Trust acquires 0.17% stake as part of the promoter group
Techno Electric & Engineering Company Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the board's consideration of un-audited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are officially announced. The specific date for the board meeting to approve these results will be communicated at a later date.
- Trading window closure starts from Wednesday, July 1, 2026
- Closure pertains to the un-audited financial results for the quarter ended June 30, 2026
- Window to re-open 48 hours after the financial results are announced to the exchanges
- Applies to all Directors, Designated Persons, and their immediate relatives under SEBI regulations
Techno Electric & Engineering Company Limited has received a payment of ₹80 crore on May 25, 2026, against Non-Convertible Debentures (NCDs) held in Sankhya Financial Services. Although the amount matches the face value of ₹80 crore, the company has explicitly stated this is a part payment and does not extinguish all outstanding dues. The company is currently maintaining a statement of account and is in discussions to resolve the residual balance. This recovery improves the company's liquidity position while highlighting ongoing efforts to recover the full investment value.
- Received ₹80 crore on May 25, 2026, against NCDs of Sankhya Financial Services.
- The payment is accounted for as a part payment despite matching the ₹80 crore face value.
- No further dues have been acknowledged or extinguished by this specific payment.
- Management is in active discussions for the resolution of the remaining residual balance.
Techno Electric & Engineering Company Limited has officially released the transcript and audio recording link for its analyst call held for the quarter ended March 31, 2026. This disclosure is made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The materials provide detailed management commentary on the company's financial performance and strategic outlook. Investors can access these records via the company's investor relations portal to gain deeper insights into the business operations.
- Transcript and recording link for Q4 FY26 analyst presentation now available
- Compliance filing under Regulation 30 of SEBI LODR Regulations
- Covers financial results for the quarter and year ended March 31, 2026
- Information accessible via the company's official website at techno.co.in
Financial Performance
Revenue Growth by Segment
The EPC business grew 51% in FY2025 to reach INR 2,268.7 crore, following an 81% growth in FY2024 (INR 1,502.4 crore). H1 FY2026 revenue from operations stands at INR 1,352.3 crore, representing a significant scale-up where one quarter's performance now equals a full year's performance from 2023.
Geographic Revenue Split
While specific regional percentages are not disclosed, the company operates across various pockets of India and is expanding internationally, evidenced by being the L1 bidder for a project in America valued at INR 300 crore.
Profitability Margins
Operating margins remained healthy at approximately 15% in FY2025, up from 13.98% in FY2024. For H1 FY2026, the PAT margin was reported at 15% of revenue, driven by efficient cost control and timely project delivery.
EBITDA Margin
EBITDA margin for H1 FY2026 was 14.4% (INR 194 crore). For Q2 FY2026 specifically, the EBITDA margin was 13.8% on revenue of INR 839 crore, reflecting a slight seasonal variation but maintaining the long-term guidance of 13.5% to 14%.
Capital Expenditure
The company raised INR 1,223.8 crore through a QIP in July 2024. Planned utilization includes INR 950 crore for investments in subsidiaries to fund EPC works for TBCB projects, smart meters, and data centers, with INR 273 crore for general corporate purposes.
Credit Rating & Borrowing
The company maintains a strong credit profile with reaffirmed ratings. It has a comfortable capital structure with nil debt as of March 31, 2025, and an interest cover of 32.2 times for FY2025, significantly improved from 12.3 times in FY2024.
Operational Drivers
Raw Materials
Cost of materials consumed represents the largest expense at INR 1,066.63 crore for H1 FY2026 (approximately 78.8% of revenue). Specific materials include components for extra-high voltage (EHV) installations, transformers, and reactors.
Capacity Expansion
The company is transitioning from a manpower-based model to a more digitized execution framework. It has achieved 4x revenue growth in 3 years with only a modest rise in manpower. Current expansion is focused on the Data Center business and Smart Metering (AMI) segment.
Raw Material Costs
Raw material costs were INR 1,066.63 crore for H1 FY2026, compared to INR 686.36 crore in H1 FY2025, an increase of 55.4% YoY, tracking closely with revenue growth.
Manufacturing Efficiency
The company emphasizes its ability to deliver projects on time while tightly controlling costs, which has historically resulted in margins superior to industry peers.
Strategic Growth
Expected Growth Rate
40%
Growth Strategy
Growth will be driven by a robust order book of INR 10,350 crore, a foray into the Data Center and Edge Data Center markets, and expansion into the Smart Metering (AMI) segment. The company is also targeting TBCB (tariff-based competitive bidding) projects and international markets like America.
Products & Services
Engineering, Procurement, and Construction (EPC) services for extra-high voltage (EHV) installations, specialty industrial systems, data centers, edge data centers, and smart meters.
Brand Portfolio
Techno Electric & Engineering Company Limited (TEECL), Techno Digital Infra, Techno Infra Developers.
New Products/Services
Data Centers and Edge Data Centers are expected to contribute to order intake with a target of INR 1,500 crore in additional orders for the current financial year.
Market Expansion
Expansion into the Data Center business and international EPC projects (L1 in a INR 300 crore US project).
Strategic Alliances
The company operates through several subsidiaries including Techno Digital Infra Private Limited and Rajgarh Agro Products Limited for diversified operations.
External Factors
Industry Trends
The industry is shifting toward smart metering (AMI) and increased data infrastructure. TEECL is positioning itself by diversifying into data centers to reduce its 90% sectoral concentration in T&D.
Competitive Landscape
Competes with other EPC players in the power sector, but maintains higher margins (14%+) compared to peers through efficient working capital management.
Competitive Moat
Moat is built on a 30-year track record of timely EPC execution and cost leadership. This is sustainable due to the high technical expertise required for EHV installations and a strong cash position of INR 2,600 crore providing a liquidity cushion.
Macro Economic Sensitivity
Highly sensitive to government spending in the power and infrastructure sectors, particularly in transmission and distribution which comprises the bulk of the order book.
Consumer Behavior
Increasing demand for data storage and smart energy management is driving the shift toward the company's new business lines.
Geopolitical Risks
International project bidding (e.g., in America) introduces exposure to trade policies and geopolitical stability in those regions.
Regulatory & Governance
Industry Regulations
Operations are governed by TBCB (Tariff-Based Competitive Bidding) norms and AMI (Advanced Metering Infrastructure) standards for smart meters. Direct debit facilities for state discoms are being implemented to manage receivable risks.
Taxation Policy Impact
The effective tax rate is guided at approximately 20-25%. Dividend income is currently exempted, which helps lower the overall tax burden.
Risk Analysis
Key Uncertainties
Sectoral concentration risk is high with ~90% of the order book in transmission and distribution. Delays in ground readiness for projects could impact execution timelines by several months.
Geographic Concentration Risk
While expanding, the company remains heavily focused on the Indian market, with emerging exposure to international projects.
Third Party Dependencies
High dependency on state discoms for the AMI segment, though mitigated by escrow account structures.
Technology Obsolescence Risk
The company is mitigating technology risks by investing in a digitization drive to move from a manpower-heavy to a data-driven execution model.
Credit & Counterparty Risk
Receivable days have been a historical challenge (250+ days) but have been successfully reduced to 108 days, improving the quality of the balance sheet.
