ICICI Securities has buy call on Techno Electric & Engineering Company with a target price of Rs 332. The current market price of Techno Electric & Engineering Company Ltd. is Rs 254.65. Time period given by analyst is one year when Techno Electric & Engineering Company Ltd. price can reach defined target.
Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 2774.75 Crore) operating in Engineering sector.
Techno Electric & Engineering Company Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Power and Other Operating Revenue for the year ending 31-Mar-2020.
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 283.79 Crore, up 37.34 % from last quarter Total Income of Rs 206.63 Crore and down -2.52 % from last year same quarter Total Income of Rs 291.13 Crore. Company reported net profit after tax of Rs 63.39 Crore in latest quarter.
The company’s top management includes Mr.P P Gupta, Mr.Ankit Saraiya, Ms.Avantika Gupta, Ms.Dipali Khanna, Mr.S N Roy, Dr.Rajendra Prasad Singh, Mr.K M Poddar, Mr.K Vasudevan, Mr.K K Rai. Company has Singhi & Co. as its auditors. As on 30-09-2021, the company has a total of 11 Crore shares outstanding.
Given the strong balance sheet with cash and equivalents of Rs8bn, healthy order intake outlook and the recent foray into lucrative data centre segment, the brokerage maintains BUY on the stock with revised SoTP- based target price of Rs332 (previously: Rs411).
Promoters held 60.18 per cent stake in the company as of 30-Sep-2021, while FIIs owned 1.25 per cent, DIIs 30.86 per cent.
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