Techno Electric & Engineering Company Ltd.
NSE: TECHNOETechno Electric & Engineering Company Ltd.: A 30-second snapshot
Techno Electric & Engineering (TECHNOE) is an infrastructure-sector stock trading at ₹1,196, below its 200-DMA of ₹1,221.71 and 27.24% off its 52-week high, despite recording 5-year revenue growth of 37.1% and earnings growth of 24.2%. At a trailing PE of 29.7 and forward PE of 21.3, it is the lowest-valued stock among its six-peer infrastructure group, which includes names trading at PE multiples of 34–109.
P/E
29.7
Forward P/E
21.3
ROE
—
Debt / Equity
1.57
Profit Margin
+16.2%
Div. Yield
+0.8%
5Y ROE > 15%
0/5
5Y FCF > 0
3/5
Quality
57/100
Recent context
- ·Zero news items were collected in the current run, leaving no publicly visible catalyst — positive or negative — to explain the 27.24% drawdown from the 52-week high or the subsequent 7.35% 3-month recovery.
- ·The stock crossed back above its 50-DMA (₹1,159.40) but has not yet reclaimed its 200-DMA (₹1,221.71); the nearest resistance levels are ₹1,215.70 and ₹1,335.60.
- ·RSI of 46.4 is in neutral territory, neither oversold nor overbought, as the price consolidates between the 50-DMA and 200-DMA.
Strengths
- +Lowest trailing PE (29.7) among the 6-stock infrastructure peer group, which spans a range of 33.4 (L&T) to 108.5 (CG Power), representing a 43% discount to the simple peer median.
- +Highest quality score (58) in the peer group, ahead of BEL (57), ABB (47), CG Power (45), CUMMINSIND (24), and L&T (26), based on the composite scoring model.
- +5-year revenue CAGR of 37.1% and earnings CAGR of 24.2% indicate consistent compounding over a multi-year period through infrastructure spending cycles.
- +Forward PE of 21.3 versus trailing PE of 29.7 implies the market is pricing in meaningful earnings expansion in the near term.
Weaknesses
- −ROE data is unavailable and the persistence record shows 0 years with ROE above 15%, making it impossible to compare capital efficiency against peers like L&T (ROE 16.95%) and CG Power (ROE 19.56%).
- −D/E of 1.57 combined with FCF positive in only 3 of the tracked years and a consistency score of 49/100 raises questions about whether the growth has been funded by leverage rather than internally generated cash.
- −Price is below the 200-DMA of ₹1,221.71 and 27.24% off the 52-week high, a sustained underperformance relative to the stock's own history that contrasts with the fundamental growth record.
- −Analyst coverage is extremely thin at 2 analysts with no consensus rating; this limits price discovery and means institutional research validation of the investment thesis is absent.
Open questions
- ?Does the 5-year earnings growth of 24.2% reflect a structural expansion of TECHNOE's order book, or is it tied to a specific phase of government infrastructure spending that may not repeat at the same pace?
- ?Given D/E of 1.57 and FCF positive in only 3 tracked years, how has the company been funding its growth — and what does working capital intensity look like in a typical project cycle?
- ?What drove the 27.24% drawdown from the 52-week high, and does the absence of news coverage suggest low institutional interest or simply limited analyst following for a mid-cap infrastructure name?
- ?If TECHNOE's forward PE of 21.3 is predicated on earnings growth materialising, what project execution or macro risks — interest rates, government capex timelines, commodity costs — could delay that earnings step-up?
Peer comparison: Infrastructure
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| TECHNOE | Techno Electric & Engineering Company Ltd.You're viewing | 29.7 | — | 58 |
| Industry avg | across 5 peers | 69.4 | +18.3% | 40 |
| BEL | Bharat Electronics Ltd. | 51.9 | — | 57 |
| ABB | ABB India Ltd. | 86.8 | — | 47 |
| CGPOWER | CG Power and Industrial Solutions Ltd. | 108.5 | +19.6% | 45 |
| LT | Larsen & Toubro Ltd. | 33.4 | +16.9% | 26 |
| CUMMINSIND | Cummins India Ltd. | 66.5 | — | 24 |
Technical state
Current price
₹1,196.00
SMA 50
₹1,159.40
SMA 200
₹1,221.71
RSI (14)
46.4 (neutral)
From 52w high
-27.2%
1Y return
+7.7%
3M return
+7.3%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- mediumCurrent price of ₹1,196 is below the 200-DMA of ₹1,221.71 and sits 27.24% below the 52-week high, indicating a sustained price weakness that has not yet been reversed by the recent 3-month gain of 7.35%.
- mediumROE is unavailable and persistence record shows 0 years with ROE above 15%; consistency score of 49/100 means the quality of returns on equity cannot be benchmarked against peers such as L&T (ROE 16.95%) or CG Power (ROE 19.56%).
- mediumDebt-to-equity of 1.57 combined with FCF positive in only 3 of the available tracked years and a consistency score of 49 raises questions about capital allocation discipline in a capital-intensive infrastructure business.
- lowAnalyst coverage limited to 2 analysts with no consensus rating available, and zero news items collected; both conditions mean there is no third-party signal — fundamental or narrative — to corroborate or challenge the internal data picture.
Cross-section contradictions
- 5-year revenue growth of 37.1% and earnings growth of 24.2% reflect a strong compounding track record, yet the stock currently trades below its 200-DMA of ₹1,221.71 with a 27.24% drawdown from the 52-week high — the fundamental growth trajectory and recent price action are pointing in opposite directions.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days