Name: Latest research reports of Techno Electric & Engineering Company Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Techno Electric & Engineering Company Ltd.
Rating: 1
Author: Emkay

Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
09 Aug 2025	Techno Electric	Consensus Share Price Target	1380.30	1611.00	-	16.71	buy	pdf Detailed Estimates
15 Aug 2024	Techno Electric	Emkay	1380.30	1600.00	1568.85 (-12.02%)	Target met	Sell	pdf post cache	Broker Report Strong tailwinds, all eyes on execution Emkay We downgrade (on recent sharp run-up in the stock price) Techno Electric (TEEC) to REDUCE with revised upwards TP of Rs1,600/sh (+2% upside). pdf Copy Link Share on Share on Share on Share on Alert
17 Aug 2023	Techno Electric	ICICI Securities Limited Reco Target	1380.30	520.00	493.00 (179.98%)	Target met	Accumulate	pdf post cache	Broker Report Robust performance; downgrade to ADD ICICI Securities Limited Techno Electric & Engineering Co Ltd (TEEC) reported a strong set of numbers with revenue/EBITD/PAT up 138% / 110% / 146% YoY to INR 3.5bn / 475mn / 539mn. Along with the strong operating performance (on a low base), PAT was further boosted by sharp increase in other income and lower tax rate during Q1FY24. pdf Copy Link Share on Share on Share on Share on Alert
02 Jun 2023	Techno Electric	ICICI Direct Target	1380.30	480.00	382.05 (261.29%)	Target met	Buy	pdf post cache	Broker Report Techno Electric & Engineering ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
16 Feb 2023	Techno Electric	ICICI Securities Limited Target	1380.30	487.00	357.80 (285.77%)	Target met	Buy	pdf post cache	Broker Report Muted performance; likely to reverse in Q4 ICICI Securities Limited Techno Electric & Engineering’s (TEEC) Q3FY23 revenue declined 38% YoY to Rs1.9bn, impacted by supply-chain issues, resulting in lower execution. Gross margin expanded 500bps YoY to 25.9% on account of softening of commodity prices. pdf Copy Link Share on Share on Share on Share on Alert
16 Feb 2023	Techno Electric	ICICI Direct	1380.30	500.00	357.80 (285.77%)	Target met	Buy	pdf post cache	Broker Report Techno Electric & Engineering ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
29 Dec 2022	Techno Electric	ICICI Securities Limited Target	1380.30	490.00	319.30 (332.29%)	Target met	Buy	pdf post cache	Broker Report Diversification at play ICICI Securities Limited We interacted with the management of Techno Electric and Engineering (TEEC) to take an update on the company’s new initiative, its data centre business, and the long-term opportunities which the company foresees. pdf Copy Link Share on Share on Share on Share on Alert
16 Nov 2022	Techno Electric	ICICI Securities Limited Target	1380.30	461.00	286.70 (381.44%)	Target met	Buy	pdf post cache	Broker Report Muted performance; may reverse in H2 ICICI Securities Limited Techno Electric & Engineering’s (TEEC) Q2FY23 revenues declined 17% YoY to Rs2.3bn impacted by deferment of execution in the EPC segment to H2FY23. pdf Copy Link Share on Share on Share on Share on Alert
12 Sep 2022	Techno Electric	ICICI Securities Limited	1380.30	471.00	287.40 (380.27%)	Target met	Buy	pdf post cache	Broker Report Improved ordering outlook to lead the way ICICI Securities Limited Techno Electric & Engineering Company’s (TEEC) FY22 annual report highlights its strong business from FGD segment mainly led by States and private sector. pdf Copy Link Share on Share on Share on Share on Alert
17 Aug 2022	Techno Electric	ICICI Securities Limited Target	1380.30	471.00	280.30 (392.44%)	Target met	Buy	pdf post cache	Broker Report Muted execution; order intake impressive ICICI Securities Limited Techno Electric & Engineering’s (TEEC) Q1FY23 revenue declined 8.7% YoY to Rs1.7bn impacted by lower execution in EPC segment. pdf Copy Link Share on Share on Share on Share on Alert
19 Nov 2021	Techno Electric	ICICI Securities Limited	1380.30	332.00	261.75 (427.34%)		Buy	pdf post cache	Broker Report Healthy margins offset revenue miss ICICI Securities Limited Techno Electric & Engineering (TEEC) has reported 193bps YoY increase in margins to 31%, offsetting the subdued 6.4% YoY revenue growth to Rs2.7bn. Order intake is likely to pick up in H2FY22E led by FGD and Power Grid ordering. pdf Copy Link Share on Share on Share on Share on Alert

75.80% Gain from 52W Low

Techno Electric & Engineering Company Ltd. share price target

Techno Electric & Engineering Company Ltd. has an average share price target of 1600. The consensus estimate represents an upside of 15.92% from the last price of 1380.30. View 1 reports from 1 analysts offering long-term price targets for Techno Electric & Engineering Company Ltd..

Strong tailwinds, all eyes on execution

Robust performance; downgrade to ADD

Techno Electric & Engineering

Muted performance; likely to reverse in Q4

Techno Electric & Engineering

Diversification at play

Muted performance; may reverse in H2

Improved ordering outlook to lead the way

Muted execution; order intake impressive

Healthy margins offset revenue miss

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