Buy Techno Electric & Engineering Company, Target Price Rs 450: Edelweiss Securities
Founded in 2005, Techno Electric & Engineering Company is a mid-sized company (having a market capitalization of Rs 3,609.99 crore) operating in the Engineering sector.
Techno Electric & Engineering Company's major product/revenue segments include EPC, Contracts & Others, Energy & Other Operating Income for the year ended March 31, 2022.
For the quarter ended 30-09-2022, the company reported total consolidated revenue of Rs 247.04 crore. . Total income: 283.79 million rubles. The company posted a net profit after tax of Rs 58.81 crore in the last quarter.
The top management of the company includes Mr. PP Gupta, Mr. Ankit Saria, Ms. Avantika Gupta, Ms. Deepali Khanna, Mr. SN Roy, Mr. KK Rai, Mr. KM., Mr. K. Vasudevan. The company owns Sigi & Co. As an auditor. As of 30-09-2022, the company has a total of 11 crore shares. Investment motivation
The company is poised to deliver strong revenue growth due to: i) strong EPC order book; ii) Ability to install smart meters and commission FGDs; and iii) data center at Chennai (24MW).
The promoter holds 60.2% stake in the company as of September 30, 2022, while FII holds 1.44% and DII holds 26.81%.
(Disclaimer: The recommendations in this section or the related reports are written by external parties. The opinions expressed are those of the respective authors/parties. They do not represent the views of The Economic Times (ET). ET does not warrant, guarantee, endorse the content and all warranties related thereto. , explained or confused, please consult your financial advisor and ask for independent advice.