TECHNOE
Techno Electric & Engineering Company share price & financials
- Price
- ₹1,034.1
- Market cap
- ₹11.2k Cr
- Sector
- Construction
- Calls analysed
- 6
Techno Electric & Engineering Company Limited Q1 FY27
What went well
- Consolidated revenue of INR 630 crores, up approximately 20% YoY, driven by strong project execution.
- Secured fresh orders worth INR 2,200 crores YTD, with an additional INR 2,100 crores in L1 bids.
- Current unexecuted order book of INR 11,000 crores provides strong visibility for future revenue.
What to watch
- Other income declined due to the deployment of QIP funds into data center, AMI, and transmission projects.
- Q1 FY27 EPS was lower YoY primarily due to income from discontinued business in Q1 FY26.
What Techno Electric & Engineering Company Limited does
Techno Electric & Engineering executes extra-high-voltage (up to 765kV) transmission-line and substation EPC projects, flue-gas desulphurisation works and balance-of-plant/captive power evacuation for utilities and CPSUs such as Power Grid Corporation of India. It also owns and operates annuity-style infrastructure assets, holding TBCB transmission lines under a BOOT model and Advanced Metering Infrastructure (smart meters) under DBFOOT contracts with state discoms, earning long-term recurring revenue rather than one-time contract income. Its newer vertical, Techno Digital, develops and operates hyperscale (Chennai, Noida, Kolkata) and edge data centers under a partnership with RailTel, offering colocation plus managed and cloud services to hyperscalers and enterprises.
Segments
- Transmission EPC
- TBCB Transmission Assets
- Smart Metering (AMI)
- Flue Gas Desulphurisation & Balance of Plant
- Data Centres (Techno Digital)
- Hyperscale data center capacity
- 36 MW Chennai (live) + 16 MW Noida + 16 MW Kolkata campuses
- Edge data center network
- 102 Edge Data Center locations across 23 states (RailTel partnership)
- Smart meters under AMI rollout
- 2.24 million meters awarded (5 states); 1.2 million installed to date
- TBCB transmission projects
- 4 projects secured under BOOT model (3 commissioned, 1 under development)
- PGCIL national-grid substations built
- 160 of PGCIL's 276 owned substations
- Renewable energy capacity developed
- 207.35 MW commissioned
Guidance record · Q1 FY27
what the last two calls moved 14 tracked 1 delivered 7 missed 6 open- FY25 Revenue delivered said Q3 FY25 Promised: ₹2,400 crores Q1 FY27: Promise was achieved in FY25. No new updates.
- FY25 EPS went quiet said Q3 FY25 Promised: ≥ ₹35 Q1 FY27: The final outcome for the FY25 EPS promise was not addressed, as focus has shifted to later fiscal years.
- FY27 EPS revised down said Q4 FY25 Promised: ₹75 Q1 FY27: Management avoided confirming the ₹75 target, instead guiding for 'no less than 25%' growth on the FY26 EPS of ₹37. This implies a new target of ~₹46.25, a significant downward revision.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 24.9%, net profit down 22.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 500 | 676 | 812 | 514 | 839 +68% | 857 +27% | 1,043 +28% | 642 +25% |
| EBITDA | 70 | 99 | 103 | 79 | 115 +64% | 121 +22% | 132 +28% | 89 +13% |
| Net profit | 90 | 105 | 133 | 123 | 123 +37% | 152 +45% | 143 +8% | 96 −22% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −34.3% 1Y
1Y: ₹1,479.8 on 10 Sept 2025 → ₹972.15. High ₹1,479.8 (10 Sept 2025), low ₹893.4 (23 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −7.1%
- 12 Aug
- Q3 FY26
- −0.3%
- 11 Feb
- Q2 FY26
- −2.9%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 49.9% a year over 3 years, FY23 to FY26. Operating margin widened to 13.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹966 Cr | ₹1.7k Cr | ₹2.4k Cr | ₹3.3k Cr |
| Operating profit | ₹116 Cr | ₹227 Cr | ₹329 Cr | ₹447 Cr |
| Operating margin | 12.0% | 13.5% | 13.7% | 13.7% |
| Interest | ₹10 Cr | ₹16 Cr | ₹9 Cr | ₹46 Cr |
| Depreciation | ₹8 Cr | ₹8 Cr | ₹8 Cr | ₹8 Cr |
| Net profit | ₹218 Cr | ₹269 Cr | ₹428 Cr | ₹541 Cr |
| Net margin | 22.6% | 16.0% | 17.8% | 16.6% |
| Cash from operations | ₹33 Cr | ₹-337 Cr | ₹837 Cr | ₹-575 Cr |
| Free cash flow | ₹32 Cr | ₹-359 Cr | ₹835 Cr | ₹-592 Cr |
| ROCE | 10.0% | 17.0% | 17.0% | 16.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹22 Cr | ₹23 Cr | ₹23 Cr |
| Reserves | ₹1.6k Cr | ₹1.8k Cr | ₹1.9k Cr | ₹2.2k Cr | ₹3.9k Cr | ₹4.2k Cr |
| Borrowings | ₹40 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹61 Cr | ₹21 Cr |
| Other liabilities | ₹547 Cr | ₹680 Cr | ₹839 Cr | ₹670 Cr | ₹1.5k Cr | ₹1.8k Cr |
| Total liabilities | ₹2.2k Cr | ₹2.5k Cr | ₹2.8k Cr | ₹2.9k Cr | ₹5.4k Cr | ₹6.0k Cr |
| Fixed assets | ₹465 Cr | ₹426 Cr | ₹49 Cr | ₹44 Cr | ₹89 Cr | ₹58 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹471 Cr | ₹9 Cr |
| Investments | ₹710 Cr | ₹1.1k Cr | ₹1.3k Cr | ₹1.2k Cr | ₹2.5k Cr | ₹2.9k Cr |
| Other assets | ₹1.0k Cr | ₹1.0k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹2.3k Cr | ₹3.1k Cr |
| Total assets | ₹2.2k Cr | ₹2.5k Cr | ₹2.8k Cr | ₹2.9k Cr | ₹5.4k Cr | ₹6.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +3.32 pp while DIIs trimmed −2.43 pp. The shareholder count grew 31% to 1,17,238.
- Promoters
- 56.9%
- FIIs
- 8.1%
- DIIs
- 21.6%
- Public
- 13.4%
Since Jun 2025
- Public +3.32 pp
- DIIs −2.43 pp
- FIIs −0.90 pp
How it drifted, 12 quarters
Over this window FIIs went from 2.3% to 8.1% — +5.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 61.5%, FIIs 2.3%, DIIs 24.6%, Public 11.6%.Dec '23: Promoters 61.5%, FIIs 3.2%, DIIs 24.0%, Public 11.3%.Mar '24: Promoters 61.5%, FIIs 3.9%, DIIs 23.8%, Public 10.9%.Jun '24: Promoters 61.5%, FIIs 4.4%, DIIs 22.8%, Public 11.3%.Sep '24: Promoters 56.9%, FIIs 9.8%, DIIs 24.1%, Public 9.2%.Dec '24: Promoters 56.9%, FIIs 9.9%, DIIs 24.0%, Public 9.1%.Mar '25: Promoters 56.9%, FIIs 9.3%, DIIs 24.5%, Public 9.2%.Jun '25: Promoters 56.9%, FIIs 9.0%, DIIs 24.0%, Public 10.1%.Sep '25: Promoters 56.9%, FIIs 9.2%, DIIs 22.6%, Public 11.2%.Dec '25: Promoters 56.9%, FIIs 8.5%, DIIs 23.1%, Public 11.5%.Mar '26: Promoters 56.9%, FIIs 8.7%, DIIs 22.7%, Public 11.7%.Jun '26: Promoters 56.9%, FIIs 8.1%, DIIs 21.6%, Public 13.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Avantika Gupta (Trustee -Techno Family Welfare Trust) newly disclosed 0.17% held
The same filing shows 4 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Techno Electric & Engineering Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Varanasi Commercial Ltd. | 21.16% | unchanged |
| Kusum Industrial Gases Ltd | 12.55% | unchanged |
| Techno Leasing And Finance Co. Pvt. Ltd. | 11.86% | unchanged |
| Kotak Aggressive Hybrid Fund Mutual fund | 6.14% | unchanged |
| Techno Power Projects Ltd. | 5.51% | unchanged |
| DSP India T.I.G.E.R. Fund Mutual fund | 4.85% | unchanged |
| HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund | 4.13% | −0.22 pp |
| Goldman Sachs Funds - Goldman Sachs Indi Global fund house | 2.13% | −0.29 pp |
| Checons Limited | 2.02% | unchanged |
| ICICI Prudential ELSS Tax Saver Fund Mutual fund | 1.91% | −0.43 pp |
| Trimurti Associates Private Limited | 1.75% | unchanged |
| HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund | 1.54% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in TECHNOE
Filings to Aug 2026
0 new, 4 added, 1 trimmed, 0 sold out — net +0.01 L shares (+0.0%).
- Held by funds
- ₹476 Cr
- 8 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹417 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹417 Cr | held | Dec '22 |
| HDFC Value Fund HDFC Mutual Fund | ₹39 Cr | held | Nov '25 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹8 Cr | +0.01 L | Sep '24 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹7 Cr | held | Jul '24 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹4 Cr | +0.00 L | Sep '24 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹1 Cr | +0.00 L | Sep '24 |
| SBI Nifty 500 Index Fund SBI Mutual Fund | ₹0 Cr | −0.00 L | Sep '24 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | +0.00 L | May '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
4 added, 1 trimmed — net +1,436 shares (+0.0%)
- Funds are sitting on
- +128%
- vs est. average cost
- Held by funds
- ₹476 Cr
- 8 schemes · ≈ 4.5% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹417 Cr · 0.4% of that fund
Shares held by these funds −27%
Aug '23 48.58 L shares Jul '26
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Techno Electric & Engineering Company Limited
Guides on how to read this kind of business and the numbers that matter.