Buy Techno Electric & Engineering Company, target price Rs 332: ICICI Securities – Economic Times

ICICI Securities has buy name on Techno Electrical & Engineering Agency with a goal worth of Rs 332. The current market worth of Techno Electrical & Engineering Agency Ltd. is Rs 254.65. Time interval given by analyst is one yr when Techno Electrical & Engineering Agency Ltd. worth can attain outlined goal.

Techno Electrical & Engineering Agency Ltd., incompanyd Inside the yr 2005, is a Mid Cap company (having a market cap of Rs 2774.75 Crore) working in Engineering sector.

Techno Electrical & Engineering Agency Ltd. key Merchandise/Income Segments embrace Income from EPC,Contracts,& Completely differents, Power and Completely different Operating Income for the yr ending 31-Mar-2020.



Financials

For the quarter ended 30-09-2021, The company reported a Consolidated Complete Income of Rs 283.79 Crore, up 37.34 % from final quarter Complete Income of Rs 206.63 Crore and down -2.52 % from final yr similar quarter Complete Income of Rs 291.13 Crore. Agency reported internet revenue after tax of Rs 63.39 Crore in latest quarter.

The company’s prime administration embraces 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. Agency has Singhi & Co. as its auditors. As on 30-09-2021, The company has An complete of 11 Crore shares excellent.

Funding Rationale
Given the strong stability sheet with money and equivalents of Rs8bn, healthful order consumption outlook and the current foray into profitable knowledge centre half, the brokerage maintains BUY on the inventory with revised SoTP- based mostly goal worth of Rs332 (beforehand: Rs411).

Promoter/FII Holdings
Promoters held 60.18 per cent stake Inside The company as of 30-Sep-2021, whereas FIIs owned 1.25 per cent, DIIs 30.86 per cent.

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Source: https://economictimes.indiatimes.com/markets/stocks/recos/buy-techno-electric-amp-engineering-company-target-price-rs-332-icici-securities/articleshow/87750393.cms

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