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 HDFC Securities and published by - Trendlyne research reports.
Item: Techno Electric & Engineering Company Ltd.[Old]
Rating: 5
Author: HDFC Securities

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

Techno Electric & Engineering Company Ltd.[Old]

26 Dec 2016

Pick of the Week - Techno Electric & Engineering Company Ltd

Buy: Techno Electric & Engineer...

Target

HDFC Securities

BUY Techno Electric & Engineering Company Ltd at CMP Rs. 299 and add on dips to Rs. 269-274 for the Target of Rs. 343

Techno Electric & Engineering Company Ltd.[Old]

21 Nov 2016

Techno Electric & Engineering (2QFY17): Growth momentum continues. Upgrade to BUY

Buy: Techno Electric & Engineer...

HDFC Securities

Techno Electrics (TEEC) 2QFY17 results in line led by robust performance across both segments. EPC revenue grew 47% YoY (Rs 2.97bn) and the mgmt reiterated its 30% YoY growth guidance for FY17E. With improved grid availability, Wind revenues also reported strong growth of 38% YoY for the quarter.

Techno Electric & Engineering Company Ltd.[Old]

01 Jun 2016

Techno Electric & Engineering (4QFY16): Order flow boost continues. Maintain BUY

Buy: Techno Electric & Engineer...

HDFC Securities

Techno Electrics (TEEC) 4QFY16 revenues were lower than estimates. However, the management stated that project execution was on schedule. EPC EBIT margins stood robust at 17% ( 100bps YoY). The 4QFY16 order inflow at Rs 6bn surprised positively, leading to a 28% YoY growth in the order book (Rs 26bn). Hence, we increase our revenue estimates by 2.3/8.5% for FY17/18E.

Techno Electric & Engineering Company Ltd.[Old]

19 May 2015

Techno Electric & Engineering Co. (Visit Note) : Best in class. NOT RATED

Techno Electric & Engineer...

HDFC Securities

Techno Electric and Engineering Company (TEEC) is amongst India?s premier T&D; substation EPC companies with a substantial wind energy portfolio (162MW) and investments in transmission assets.

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

23 Votes:

Buy 86.96%

Sell 8.7%

Hold 4.35%