Techno Electric & Engineering Company Ltd.[Old] share price target and research reports

Name: Latest research reports of Techno Electric & Engineering Company Ltd.[Old] authored by ICICI Direct and published by - Trendlyne research reports.
Item: Techno Electric & Engineering Company Ltd.[Old]
Rating: 5
Author: ICICI Direct

Latest analyst research reports with target prices and PDF download for TECHNO, BSE:533281 Techno Electric & Engineering Company Ltd.[Old]

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Techno Electric & Engineering Company Ltd.[Old]

22 Aug 2022

Techno Electric & Engineering

Buy: Techno Electric & Engineer...

ICICI Direct

Techno Electric & Engineering Company Ltd.[Old]

26 Jul 2021

Techno Electric & Engineering

Buy: Techno Electric & Engineer...

ICICI Securities Limited

Techno Electric & Engineering Company Ltd.[Old]

31 May 2018

Techno Electric - 4QFY18 Result Update

Buy: Techno Electric & Engineer...

Target

Reliance Securities

Techno Electric & Engineering (TEEC) continued to report a weak performance in 4QFY18. Its consolidated revenue fell by 9.8% YoY to Rs3.2bn owing to 8.1% YoY decline in EPC business, which contributes 97% to its total sales, while PAT remained flat at Rs334mn (+0.4% YoY). Notably, other income declined by 57% YoY to Rs129mn, as last year it benefited from sale of wind asset and dividend income from subsidiaries. However, we continue to remain positive on TEEC on the back of presence across entire power sector value chain and robust revenue visibility backed by strong order book and lower execution risks. Strong order book, likely ramp-up in T&D; capex, robust FCF generation and high EBITDA margins continue to augur well for TEEC, in our view....

Techno Electric & Engineering Company Ltd.[Old]

16 Feb 2018

Techno Electric and Engg- 3QFY18 Result Update

Buy: Techno Electric & Engineer...

Target

Reliance Securities

Techno Electric & Engineering Company Ltd.[Old]

20 Dec 2017

Techno electric& engineering Co. Ltd

Buy: Techno Electric & Engineer...

Choice India

Techno Electric & Engineering Company Ltd.[Old]

17 Nov 2017

Techno Electric and Engg- 2QFY18 Result Update

Buy: Techno Electric & Engineer...

Reliance Securities

GST Transition Drags Quarterly Performance; Maintain BUY Techno Electric & Engineering (TEEC) has reported a weak performance in 2QFY18 with its PAT declining by 12.9% YoY to Rs690mn. Led by 32.1% YoY and 25.4% YoY decline in EPC and Wind business, respectively (led by GST impact to the extent of Rs6bn-7bn), its consolidated revenue declined by 31% YoY to Rs2.5bn. However, we continue to remain positive on TEEC on the back of presence across entire power sector value chain and robust revenue visibility backed by strong order book and lower execution risks. Considering strong order book, likely rampup in T&D; capex, robust FCF generation and high EBITDA margins, we maintain our BUY recommendation on the stock with an SOTP-based unrevised Target Price of Rs431....

Techno Electric & Engineering Company Ltd.[Old]

13 Nov 2017

Techno Electric

Buy: Techno Electric & Engineer...

JM Financial

Blip in EPC revenue due to GST transition Techno Electric (TEEC)'s 2QFY18 results missed our expectations. While we were negatively surprised by the magnitude of the decline in EPC segment sales (down 32% YoY), management highlighted that revenue booking had been deliberately slowed down after GST implementation, as it awaited clarity on tax rates, besides facing a few transitionary issues. The sales decline in the wind energy segment was along expected lines due to sale of 33MW capacity in Jan'17. However, operating margins were stable despite a sharp fall in sales, due to a favourable execution mix and tight controls on fixed overheads. Given the...

Techno Electric & Engineering Company Ltd.[Old]

17 Aug 2017

Techno Electric and Engg. - 1QFY18 Result Update

Buy: Techno Electric & Engineer...

Target

Reliance Securities

Techno Electric & Engineering (TEEC) has reported a strong performance in 1QFY18. Its PAT surged by 48.7% YoY to Rs690mn, as execution of several projects was advanced in view of GST rollout. Driven by robust EPC business, TEEC's net sales rose by 52.2% YoY to Rs4.1bn. We continue to remain positive on TEEC owing to its presence across entire power sector value chain and robust revenue visibility backed by strong order book and lower execution risks. Considering strong order book, likely ramp-up in T&D; capex, robust FCF generation and high EBITDA margins, we maintain our BUY recommendation with an unrevised Target Price of Rs431. Better Segmental Performance EPC Revenue Surges to Rs3.68bn EPC revenue grew by 59.3% YoY to Rs3.68bn, while segmental EBIT margin increased by 190bps...

Techno Electric & Engineering Company Ltd.[Old]

16 Feb 2017

Techno Electric and Engineering - 3QFY17 Result Update

Buy: Techno Electric & Engineer...

Reliance Securities

XX Margins Improve Substantially: TEEC's overall margins surged by 834bps YoY to 21.1% aided by both EPC & Wind segments. Notably, wind segment managed to back in the black with Rs130.1mn EBIT profit in 3QFY17 from Rs87.4mn EBIT loss in 3QFY16. Reported profit zoomed by 44.4% YoY to Rs405mn on reversal...

Techno Electric & Engineering Company Ltd.[Old]

13 Feb 2017

Techno Electric & Engineering (3QFY17): Expensive valuations. Downgrade to NEUTRAL

Neutral: Techno Electric & Engineer...

Recommendation Target

HDFC Securities

Techno Electrics (TEEC) 3QFY17 result was in line with our estimates as subdued execution in its T&D segment ( 4% YoY) was offset by better margins, both in T&D (15.1%, 360bps YoY) and Wind (EBIT of Rs 130mn vs. EBIT loss of Rs 87mn YoY). Improved grid availability in Tamil Nadu led to profitability in the Wind business.

Is Techno Electric & Engineering Company Ltd.[Old] worth buying?

21 Votes:

Buy 85.71%

Sell 9.52%

Hold 4.76%