Buy Techno Electric & Engineering Company, Target Price Rs 450: Edelweiss Securities

The securities purchased by Calc On & Engineering Company at 450 Birr, Techno Electric & Engineering Company's current market price is 328.75 Birr. The time frame given by the analyst is the year in which the price of Techno Electric and Engineering Company can reach its target.

Founded in 2005, Techno Electric & Engineering Company is a mid-sized company (having a market capitalization of Rs 3,609.99 crore) operating in the Engineering sector.

Techno Electric & Engineering Company's major product/revenue segments include EPC, Contracts & Others, Energy & Other Operating Income for the year ended March 31, 2022.

Finance
For the quarter ended 30-09-2022, the company reported total consolidated revenue of Rs 247.04 crore. . Total income: 283.79 million rubles. The company posted a net profit after tax of Rs 58.81 crore in the last quarter.

The top management of the company includes Mr. PP Gupta, Mr. Ankit Saria, Ms. Avantika Gupta, Ms. Deepali Khanna, Mr. SN Roy, Mr. KK Rai, Mr. KM.

, Mr. K. Vasudevan. The company owns Sigi & Co. As an auditor. As of 30-09-2022, the company has a total of 11 crore shares. Investment motivation
The company is poised to deliver strong revenue growth due to: i) strong EPC order book; ii) Ability to install smart meters and commission FGDs; and iii) data center at Chennai (24MW).
Promoter/FII Holdings
The promoter holds 60.2% stake in the company as of September 30, 2022, while FII holds 1.44% and DII holds 26.81%.

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Techno Electric & Engineering Co Ltd Earnings Call Q4 FY22