Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 24 Sep - ICRA reaffirmed Techno Electric’s AA/Stable and A1+ ratings for ₹3,282 crore facilities.
Source: Bse
Techno Electric & Engineering Company Limited (TECHNOE)
Large CapInfra stocks · Large cap · NSE
Techno Electric & Engineering Company Limited is identified as Engineers & Constructors. The document is a transcript of an investor/analyst presentation for the quarter ended 31 March 2026.
Data qualityFresh enough for analysisQuote updated 21 Oct, 02:02 pm ISTDetails
Quote21 Oct, 02:02 pm IST
Base fundamentals16 Oct 2026 · screener
Latest result11 Aug, 07:27 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Infra P/E 15.4 (n=87)
Technical timing lens
Trend score and candlestick chart
29Bearishfull bear SMA stack · MACD − · near 52W low · sector -2.7pp vs Nifty 500 (3M)
Stock trend: 25
Sector RS: 35
Sector 3M: -8.3% vs Nifty 500 -5.6%
Infra FPI tailwindFlow only
FPI equity flow was positive in both fortnights, but the sector index is below its 100-session average. View sector evidence
Technical chart
TECHNOED candles · FIT view-29.5%TODAY · PROVISIONALLatest price ₹891.30 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-5.2%
RSI
31
MACD hist
-7.01
52W pos
4%
2026-10-21O ₹940.00H ₹943.40L ₹890.00C ₹891.30Vol 95,858 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
TECHNOENifty InfraNifty 500
- TECHNOE
- -7.3%
- Nifty 500
- -5.6%
- Nifty Infra
- -8.2%
- Vs Nifty 500
- -1.7 pp
Chart stats
19 Oct 2026- From 52W high
- -32.4%
- 52W range position
- 13%
- ATR (14)
- 3.0%
- Volume vs 20D
- 0.37x
- Avg traded value
- ₹11.7 Cr
- 20D price channel
- ₹931.5 - ₹1,057.3
₹1,389.6
₹870 - ₹1,389.6
₹28.6
Latest completed session
20-session average
27.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST40
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +19.8% · PAT -31.6% YoY
Technical
Bearish29
Price trend and sector-relative-strength timing.
Valuation
Legacy model-4.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -32% YoY · margin compression · Rev +20% YoY
Filed 11 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹630 Cr | +19.8% | -37.6% |
| EBITDA | ₹100 Cr | +8.7% | -24.2% |
| Operating margin | 16.0% | -200 bps | +300 bps |
| PAT | ₹93 Cr | -31.6% | -19.1% |
| PAT margin | 14.8% | -1110 bps | +337 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 25.50
- P/B
- 2.65
- EV/EBITDA
- 22.58
- Market Cap
- 10993.00Cr
Profitability
- ROE
- 12.00%
- ROCE
- 14.90%
- ROA
- 7.28%
- Dividend Y
- 0.74%
Growth (CAGR)
- Revenue 5Y
- 30.00%
- EPS 5Y
- 27.00%
- Revenue 3Y
- 58.00%
- EPS 3Y
- 36.00%
Balance Sheet
- Debt/Equity
- 0.02
- Interest Coverage
- 22.33×
- Altman Z
- 5.80
- Book Value
- 357.00
Cash Flow
- FCF Yield
- 1.03%
- FCF Positive Y
- 9/5
- OCF
- -590.00 Cr
- EPS TTM
- 37.06
Shareholding
- Promoter Hold
- 56.93%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 14%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 630-37.6% vs prev
Net Profit
₹ CrLatest: 93.0-19.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 31.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~1.4% over last month) — short-term momentum negative.
- RSI(14) at 31 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
15
RS percentile
Stage 4 Downtrend
1M return
-8.8%
3M return
-7.3%
6M return
-24.8%
1Y return
-29.1%
RS 1D
+2
RS 20D
-2
Sector rank
#14
Industry rank
-
Stage evidence
- Price is 11.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 72.78+0.33%
RS vs Nifty 50073
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 40 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth20/25
Quality2/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
40
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
40/100 · legacy band WATCHLIST
Positive drivers
- Growth contributes 20/25 to the score.
- Balance sheet contributes 10/15 to the score.
- Cash flow contributes 4/10 to the score.
Main drags
- Fair-value margin of safety is negative at -4.1%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 2/20; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
25.5
PB
2.6
EV/EBITDA
22.6
ROE
12.0%
ROCE
14.9%
FCF Yield
1.0%
Debt/Equity
0.0
MoS
-4.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
40
Previous: 40
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-4.1%
Previous: -9.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
38
38
38
38
38
38
40
40
40
40
40
40
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹545.6
-63.4% MoS
Growth-justified P/E
23.1
Growth-justified Value
₹856.09
-4.1% MoS
PEG
0.83
Comparable companies
Peers
Business-comparable peers in Infra — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SCHNEIDER
Large
Schneider Electric Infrastructure Limited
Capital Goods
match 150
44
148.0
38.2%
-274%
WATCHLIST
OMNI
Small
Omnitech Engineering Limited
Capital Goods
match 149
40
75.2
18.0%
-70%
WATCHLIST
SUPRAJIT
Small
Suprajit Engineering Limited
Capital Goods
match 147
33
33.7
13.1%
-178%
WATCHLIST
PITTIENG
Small
Pitti Engineering Limited
Capital Goods
match 146
37
34.1
12.5%
+24%
WATCHLIST
KLBRENG-B
Small
Kilburn Engineering Limited
Capital Goods
match 144
49
33.4
17.1%
+29%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-03T18:42:48.360Z
Management commentary snapshot
The provided document is a transcript of an investor/analyst presentation for Q4 FY26, but contains no financial results or operational details.
No financial or operational data is available in the provided document to assess the company's performance or investment thesis. The document only provides a cover page and a link to the transcript.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
No financial or operational data is available in the provided document to determine a suitable comparison basis.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 85th percentile within Infra. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
52 docs text-extracted · 34 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Infra: 85th pctile, median 64 · Large: 62nd pctile, median 73
Evidence depth
Financial-only
52 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
62
acceptable · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
68
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 56.9%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1%.
- ▸9 years of positive FCF.
Trust risks
- ▸Operating cash flow is negative at ₹-590 Cr.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Techno Electric & Engineering Company Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Aug - Conference call on Un-Audited Financial Results for the quarter ended on 30" June, 2026.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
Annual report
Business Responsibility and Sustainability Reporting (BRSR) 1 Sep - Techno Electric released its Annual Report 2025-26 with BRSR, governance, workforce and sustainability disclosures.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.