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Indian power-transmission EPC contractor and renewable IPP building substations, transmission lines and wind/solar plants.
Indian power-transmission EPC contractor and renewable IPP building substations, transmission lines and wind/solar plants.
Wins competitively bid contracts from power utilities and state grid companies and recognises revenue as work is finished on each project, while its wind and solar plants sell power under long-term contracts, giving steadier income. It is also building data-centre capacity, a newer line outside power.
Moat: narrow (process know-how, customer qualification). Long EPC execution record plus growing annuity-like renewable generation cash flows.
Headquarters: Kolkata, India · Founded: 1963 · Employees: 5,269
Size Techno Electric & Engineering (TECHNOE.NS) is an India Industrials company (Engineering & Construction) with a market value of $1.14B, the 557th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹928.50 on 6 Nov 2026.
Performance Over six months the shares fell 27.6%, against -15.5% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 38.7% over the last twelve months (peer median +6.1%); the operating margin is 13.3% (peer median 6.4%).
Valuation It trades at 18.8× forward earnings against a peer median of 15.6× (6th most expensive of 17).
Capital Return on invested capital runs 8.1 points below its cost of capital (16.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹33.6B | ₹32.5B | ₹22.7B | ₹15.0B | ₹8.29B |
| Revenue growth | — | +43% | +51% | +81% | — |
| Gross profit | ₹5.89B | ₹5.58B | ₹4.24B | ₹2.84B | ₹1.50B |
| EBITDA | ₹4.69B | ₹4.70B | ₹3.46B | ₹2.15B | ₹929M |
| Net income | ₹4.31B | ₹4.74B | ₹4.23B | ₹2.68B | ₹1.19B |
| Free cash flow | n/a | -₹5.67B | ₹3.51B | -₹3.07B | ₹715M |
| Capital expenditure | n/a | ₹671M | ₹1.68B | ₹1.80B | ₹655M |
| Total debt | n/a | ₹725M | ₹391M | ₹0 | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Techno Electric & Engineering TECHNOE.NS | $1.14B | -28% | +39% | 13% | 18.8× | n/a |
| KEC International KEC.NS | $939M | -46% | -2% | 5% | 13.3× | n/a |
| Kalpataru Projects International KPIL.NS | $2.48B | +6% | +15% | 6% | 18.6× | 14.9% |
| Adani Energy Solutions ADANIENSOL.NS | $18.9B | +5% | +33% | 25% | 37.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TECHNOE.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | +1.4% | 5th lowest of 21 |
| 6-month return | -27.6% | -15.5% | 6th lowest of 21 |
| Distance from 52-week high | -32.9% | -33.4% | 11th highest of 21 |
| Revenue growth (TTM) | +38.7% | +6.1% | 2nd highest of 21 |
| Operating margin | 13.3% | 6.4% | 5th highest of 21 |
| Forward P/E | 18.8× | 15.6× | 6th most expensive of 17 |
| ROIC minus cost of capital | -8.1 pp | -1.5 pp | 3rd lowest of 19 |
| EV / EBITDA | 23.1× | 12.1× | 2nd most expensive of 10 |
| Net debt / EBITDA | -4.8× | 0.7× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Techno Electric & Engineering TECHNOE.NS | India | $1.14B | -28% | +39% | 13% | 18.8× | n/a | n/a |
| Instalco INSTAL.ST | Sweden | $1.15B | +9% | +9% | 5% | 18.4× | 10.9% | +13.8% |
| Ameresco AMRC | United States | $1.15B | -28% | +9% | 7% | 15.6× | n/a | n/a |
| Norconsult NORCO.OL | Norway | $1.14B | +2% | +13% | 7% | 15.7× | -5.9% | +10.6% |
| Renew RNWH.L | United Kingdom | $1.15B | +19% | +8% | 6% | 15.3× | 7.7% | +11.7% |
| Shenzhen Zhongzhuang Construction 002822.SZ | China | $1.15B | -15% | -56% | -96% | n/a | n/a | n/a |
| Jiangsu Zeyu Intelligent Electric Power 301179.SZ | China | $1.13B | -20% | +8% | 8% | 32.1× | 24.8% | +15.4% |
| China Bester Group Telecom 603220.SS | China | $1.17B | -48% | +3% | 6% | 20.0× | n/a | n/a |
| Decai Decoration 605287.SS | China | $1.12B | -3% | +17% | 5% | n/a | 25.3% | -5.4% |
| IPARK Hyundai Development 294870.KS | South Korea | $1.12B | +4% | -13% | 11% | 4.2× | n/a | n/a |
| EPIC Suisse EPIC.SW | Switzerland | $1.17B | +2% | +4% | 78% | 20.8× | 7.1% | +4.3% |
| GenusPlus GNP.AX | Australia | $1.18B | -12% | +71% | 6% | 18.1× | 6.2% | +32.1% |
| Norbit NORBT.OL | Norway | $1.12B | -28% | +34% | 22% | 21.1× | -5.3% | +32.2% |
| thyssenkrupp nucera AG & Co. KGaA NCH2.DE | Germany | $1.09B | -13% | -42% | -13% | n/a | n/a | n/a |
| Tianjin Capital Environmental Protection 600874.SS | China | $1.21B | -9% | -3% | 29% | 9.6× | -15.4% | +7.3% |
| IRCON International IRCON.NS | India | $1.08B | -33% | -3% | 7% | 15.4× | n/a | n/a |
| Chiyoda 6366.T | Japan | $1.07B | -35% | +16% | 17% | 6.7× | n/a | n/a |
| Anhui Construction Engineering 600502.SS | China | $1.07B | -23% | -4% | 6% | 4.6× | n/a | n/a |
| Xinjiang Communications Construction 002941.SZ | China | $1.22B | -20% | +23% | 5% | n/a | n/a | n/a |
| Lendlease LLC.AX | Australia | $1.23B | -16% | -30% | 0% | 147.4× | n/a | n/a |
| Toa Corporation (Construction) 1885.T | Japan | $1.06B | -29% | +2% | 7% | 9.1× | -12.2% | +13.6% |