Techno Electric & Engineering Company Ltd

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TECHNOE •
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Stock Performance
52 Week Low - High
Today’s Low - High

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Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
New 52W High in past week
73.9
TTM PE Ratio
Below industry Median
60
Price to Book Ratio
Above industry Median
7.4
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is much higher than 1
1.3
RSI
RSI is mid-range
55.9
MFI
MFI is mid-range
45.9

Techno Electric & Engineering Company Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Techno Electric & Engineering Company Ltd shareholding Pattern

Promoter
61.5%
Foreign Institutions
3.8%
Mutual Funds
23.7%
Domestic Institutions
23.8%
Public
10.9%
Promoter
61.5%
Foreign Institutions
3.2%
Mutual Funds
24%
Domestic Institutions
24%
Public
11.3%
Promoter
61.5%
Foreign Institutions
2.3%
Mutual Funds
24.6%
Domestic Institutions
24.6%
Public
11.6%
Promoter
61.5%
Foreign Institutions
2.2%
Mutual Funds
24.2%
Domestic Institutions
24.2%
Public
12.1%
Promoter
61.5%
Foreign Institutions
2.1%
Mutual Funds
25%
Domestic Institutions
25%
Public
11.4%
Promoter
61.2%
Foreign Institutions
1.7%
Mutual Funds
25.9%
Domestic Institutions
26%
Public
11.2%

Techno Electric & Engineering Company Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
15
Bearish Moving Averages
1
5Day EMA
1,488.30
10Day EMA
1,491.80
12Day EMA
1,490.70
20Day EMA
1,470.80
26Day EMA
1,446.20
50Day EMA
1,333.20
100Day EMA
1,153.20
200Day EMA
944.50
5Day SMA
1,479.80
10Day SMA
1,495.00
20Day SMA
1,500.80
30Day SMA
1,449.90
50Day SMA
1,321.70
100Day SMA
1,062.40
150Day SMA
969.20
200Day SMA
871.90
Delivery & Volume
Resistance & Support
1,497.92
Pivot
Resistance
First Resistance
1,527.78
Second Resistance
1,559.87
Third Resistance
1,589.73
Support
First Support
1,465.83
Second support
1,435.97
Third Support
1,403.88
Relative Strength Index
55.90
Money Flow Index
45.89
MACD
44.45
MACD Signal
62.95
Average True Range
84.29
Average Directional Index
24.69
Rate of Change (21)
2.68
Rate of Change (125)
87.54
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Techno Electric & Engineering Company Ltd Company background

Founded in: 2005
Managing director: P P Gupta
Techno Electric Engineering Company Limited (Formerly Simran Wind Project Limited) was incorporated as a Public Limited Company in October 26, 2005. The Company is a recognized company for its expertise in the domains of light construction and heavy engineering segments across the countrys power sector. The Company is also engaged in generation of wind power through wind turbine generators in the states of Tamil Nadu Karnataka. The Company provides engineering, procurement and construction services to the three segments of power sector including generation, transmission and distribution. In FY 2009, the Company became an independent renewable energy producer with 129.9 MW wind energy capacity installed in Tamil Nadu and Karnataka. The customers are mainly central and state public sector undertakings, but also cater to private companies in powerintensive industries. The Company acquired two wind powergenerating companies, Simran Wind Project Private Limited and Super Wind Project Private Limited (merged with Techno Electric), with capacities of 50.45 MW and 45 MW, respectively. In 2011, the Company received private equity investment from International Finance Corporation (IFC), Washington and set up 111.9 MW wind farm in Tamil Nadu.In FY 2015, the Company bought back the 3.38% stake held by International Finance Corporation. The Company sold 44.45 MW of windpower assets at an effective valuation of Rs 2,150 million during Q1 during the FY 2016. In FY 2017, it sold 33 MW of wind energy assets in Tamil Nadu at an effective valuation of Rs 1,650 million.The National Company Law Tribunal Bench at Allahabad vide order dated 20 July 2018 sanctioned the Scheme of Amalgamation of Techno Electric Engineering Company Limited with the Company with effect from the appointed date i.e., 01 April 2017 and consequent to the amalgamation and upon scheme becoming effective, the name of the Company has been changed from Simran Wind Project Limited to Techno Electric Engineering Company Limited.The Company had allotted 11,26,82,400 Equity Shares of Rs. 2/ each as fully paid up on 10th August, 2018 pursuant to the scheme of amalgamation sanctioned by the Honble National Company Law Tribunal, bench at Allahabad (NCLT) vide its Order dated 20th July, 2018 without payment being received in cash to the shareholders of the Company without any consideration. The entire paid up preamalgamation share capital of the Company being held by the Transferor Company has been cancelled pursuant to the Scheme of Amalgamation. The Board of Directors of the Company have approved the buyback of 26,82,400 Equity Shares of 2 each at a price of Rs 410 per Equity Share from the Equity Shareholders of the Company in the Board Meeting held on 13 December 2018. The buyback has been completed in the month of April, 2019.The Company sold 74% stake in Patran to India Grid Trust at enterprise value of Rs. 225 crores in FY 2019. During the FY 2020, the Company entered into the Data Centre business of 25 MW in Chennai, Tamil Nadu. The Company plans to scale presence to develop hyperdensity Data Centres of 250 MW capacity across India by FY 202526. The Company disposed off its investment in Joint Venture Company namely, Jhajjar KT Transco Pvt. Ltd and hence, it ceased to be Joint Venture Company with effect from 28th September, 2020. During the year 202021 the following projects were completed successfully by the Company as follows:1) Contract for AIS Substation PackageSS29 from PGCIL for 765/400kV BhadlaII PS (Jodhpur) New S/S under Transmission Scheme for Solar Energy Zones in Rajasthan. 2) Installation, testing and commissioning of 400/220 kV, 7X167 MVA Substation at New Kohima associated with North Eastern Region Strengthening SchemeVI (NERSSVI) of KohimaMariani Transmission Limited.3) Contract for Construction of 2 nos. 400 kV GIS Line Bays for Termination of Jeerat (New) Jeerat (WBSETCL) 400 kV D/C Line (ERSS XVIII), Construction of 2 nos. of 400 kV GIS Line Bays for Termination of Sagardighi TPS Subhasgram PGCIL 400 kV S/C Line (ERSS XV A) and Modification of Termination Arrangement of 4 nos. 400 kV Existing Feeders at Jeerat 400 kV Substation (ERSS XV B), District 24 Parganas (North) in State of West Bengal of WBSETCL.4) GIS Substation Package MEGSS02 for Meghalaya associated with NER Power System Improvement Project. i) 220/132/33kV New Shillong (New) GIS, ii) 220/132kV Mawngap GIS (Upgrade), iii) 220kV Byrnihat AIS (Extn).5) Contract for unmetered consumer to metered consumer and New Connection to left over rural/urban household under ESSD at Nirsa, Tundi, Mukunda, Gobindpur, Hirapur, Barwadda Chirkunda under Pradhan Mantri Sahaj Har Ghar Yojna Saubhagya Scheme of Jharkhand Bijli Vitran Nigam Limited.6) Contract for Construction of 132kV Substations and Transmission Lines with associated feeder bays in Western and Central MP (SOR Based) on total TurnKey Basis of Madhya Pradesh Power Transmission Co. Ltd.The following projects are ongoing and are expected to be completed as per schedule by the Company as follows:1. Contract for Supply Erection of materials/ equipment with Mandatory Spares, Transportation including transit insurance on for Site basis of all the materials/equipment and auxiliaries in all respect on lumpsum turnkey basis for 765/400 kV Substation at Lakadia and 765kV bay extension at Bhuj in the state of Gujarat.2. Design, engineering, manufacturing, testing supply of Materials/Equipment, transportation including transit insurance on FOTR site basis of all the material/equipment and auxiliaries in all respect on turnkey basis for 2 No. 765kV at Lakadia Substation under LBTL Package.3. Contract for Substation Package SS01 for Transmission Line Associated with Intrastate Transmission projects of Uttar Pradesh Construction of 400/220 kV Rampur 400/220/132 kV Sambhal GIS Substation (Rampur Sambhal Project) through tariff based competitive bidding (TCBC) route.4. Procurement of Plant, Design, Supply, Installation, testing commissioning of 500 kV Arghande (Kabul) Substation of Da Afghanistan Breshna Sherkat.5. Contract for Bay Extension of 400/220 KV Bay at CGPL, Mundra SS extra bays at Lakhadia SS under JKTL.6. Contract for Extension of 2 Nos. 400kV GIS substation and line bays at Jharkhand pool (Chandwa) for termination of 400kV Jharkhand PoolLatehar D/C Line.7. Contract for Extension of 400(GIS)/220(AIS) kV New Siliguri substation including installation of 1 no., 315MVA, 400/220/33kV, 3phase transformer along with associated AIS/GIS bay equipment.8. Contract for Engineering, Procurement Construction of Extension of Kara Substation NEW 161/20 KV Substation at Mango in TOGO.9. OnShore Supply, Service and OffShore contract for GIS Substation package ASMSS04 under NER Power System Improvement Project World Bank Funded: IntraStateAssam of PGCIL.10. Substation Package NAGSS01 including Transformer for (i) 132/33kV Longnak (New) s/s (ii) 132/33kV Longleg (New) s/s under Transmission System for Nagaland State associated with NER Power System Improvement of PGCIL.11. Contract for Construction of 220/132/33 KV (2x160 + 3x50) MVA, GSS at Asthawan, District Nalanda including Residential Quarters with Construction of 02 Nos. 220 KV Line Bays 06 Nos. 132 KV Line Bays at remote end on Turnkey Basis under State Plan on turnkey basis under State Plan of Bihar State Power Transmission Co. Ltd.12. Contract for the work providing all services i.e. of Flue gas Desulphurization (FGD) system Package for Bokaro Thermal Power Station, BTPS A (1x500 MW) located at Bokaro, Jharkhand.13. Contract for Construction of 220 GIS Substations at Thalassery Kunnamkulam on Turnkey Basis (KIIFB Funding).14. Contract for Construction of 2 nos. 220kV bays at Nallalam, 2 Nos of 400 kV bays at Madakkathara and Automation SCADA system at Madakkathara on Turnkey basis (PSDF Funding).15. Contract for Turnkey implementation of AMI for 2.0 Lakhs ( 1 Lakh in Jammu City + 1 Lakh in Srinagar City ) with 5 years FMS including OM for Power Development Department (PDD) of Government of JK under PMDP.16. Contract for 33/11KV Substation, Distribution Substation along with associated lines and related works in Srinagar Circle of Jammu Kashmir under IPDSPackageA.17. Contract for 33/11KV Substation, Distribution Substation along with associated lines and related works in Srinagar Circle of Jammu Kashmir under PMDPPackageA.During the year 202021, the Company successfully bagged the following Orders:1. SS Package SS34 for (i) Extension of 400 KV Kanpur S/s including 6 Nos. 400 kV, Ohm, 1 Ph, Series Line reactors, (ii) Extension of 400kV Bhiwani S/s including 3 nos. 400kV, 12 Ohm, 1Ph. Series Bus reactors (iii) Extention of 400kV Hissar SS under Scheme to control fault level in Northern Region (PhII).2. Contact for establishment of 2x500MVA, 400/220 kV GIS Substation at Kasargoda Extension of 400kV Bays at Udupi.3. SS Package SS01 for (i) Establishment of 765/400Kv Sikar II (New) S/S (Including 1x125MVAR, 420kV Bus Reactor) (ii) Construction of 2 Nos. of 765kV Line bays at Bhadla II PS for Sikar II Bhadla II 765kV D/c line and (iii) Construction of 2 nos. of 400kv Line bays at Neemrana substation for SikarII Neemrana 400kV D/c line associated with Transmission Scheme for evacuation of power from Solar EnergyZones in Rajasthan (8.1 GW) under PhaseII part C through Traiff Based Competitive bidding (TBCB) route.The Company participated in transmission projects via PPP projects. It implemented innovative solutions in this sector, leveraging its expertise in the EPC sector. The Company mainly have three main projects in the PPP sector. The Company implemented a 400 kV transmission system with double circuit quad moose line that extends from Jharli to Kabulpur in Rohtak (35 km) and from Kabulpur to Dipalpur in Sonepat (64 km) using the Design Build Finance Operate Transfer (DBFOT) arrangement and a transmission network designed to evacuate 2,400 MW in 2012. It has two substations of 400/220 kV of 24 bays each at Rohtak and Sonepat. This was the first transmission project to receive viability gap funding support from the government worth 920 million. 2) The Company shouldered responsibility in designing, constructing, erecting, completing and commissioning a 400 kV transmission system with transmission lines extending from Imphal to New Kohima (134 km) and from New Kohima to Mariani (119 km). It set up substations of 400/220 kV at New Kohima for this project. The Company also entered into a definitive agreement with CLP India Pvt. Ltd. to sell 26% stake in Kohima Mariani Transmission Limited (KMTL) at an Enterprise Value of Rs. 1800 crores. Along with this, the Company is focused on expanding Flue Gas Desulphurisation (FGD) business by FY 202223.3) The Company also implemented an endtoend BOOM transmission network project in Patran, Punjab in 2016. For this project, it set up 400/220kV GIS substation with 14 bays with 1,000 MVA evacuation capacity, comprising LILO of Patiala Kaithal. It also set up a 400 kV double circuit triple snowbird line at Patran. The Company increased and expanded its presence in overseas markets by bagging the following transborder projects as follows during the year 2021:1) The Uganda project was completed in 2016 for design, supply and erection of 160 km 132 kV double circuit Mbarara Nkendao transmission line and associated substations worth US18 million.2) The Project in Communaute Electrique du Benin (CEB), Togo, for extension of Kara substation and design, supply, installation and commissioning of new 161/20 kV substation at Mango worth US9.69 million. The Company presently have the following projects on the horizon as follows:1) In Kenya, the Order worth US87 million is in the advanced stages of settlement for KETRACO, Government of Kenya Undertaking. Scope:220 kV power network with line subcontractor being Kalpataru Power Transmission Co. Ltd. 2) Majority of the project has been executed for the Afghanistan Breshna Sherkat (DABS), Kabul, Afghanistan for design, supply and construction of 500 kV substation worth US35 million.
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Techno Electric & Engineering Company Ltd FAQs

Techno Electric & Engineering Company Ltd shares are currently priced at 1495.7 on NSE and 1503.7 on BSE as of 7/15/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Techno Electric & Engineering Company Ltd [TECHNOE] share was 237.89. The Techno Electric & Engineering Company Ltd [TECHNOE] share hit a 1-year low of Rs. 418.95 and a 1-year high of Rs. 1599.1.

The market cap of Techno Electric & Engineering Company Ltd is Rs. 16096.58 Cr. as of 7/15/2024 12:00:00 AM.

The PE ratios of Techno Electric & Engineering Company Ltd is 59.43 as of 7/15/2024 12:00:00 AM.

The PB ratios of Techno Electric & Engineering Company Ltd is 7.38 as of 7/15/2024 12:00:00 AM

The Mutual Fund Shareholding was 23.67% at the end of 7/15/2024 12:00:00 AM.

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