TECHNO ELEC & ENG CO. LTD

Executes engineering, procurement and construction (EPC) work with FY26 revenue of ₹3,251.633 crore, almost entirely from the EPC/Engineering Services segment which contributed 93.0% of segment revenue (₹2,257.89 crore) and EBIT of ₹330.24 crore, with the residual 6.6% from Corporate/Unallocable and 0.4% from Others. The order book is concentrated in three areas — power transmission, Advanced Metering Infrastructure (AMI) and a Chennai data centre being built through subsidiary Techno Infra Developers — funded in large part by a ₹1,250 crore Qualified Institutions Placement raised in July 2024. As of 31 March 2026, ₹1,037.86 crore (85%) of those QIP proceeds had been deployed: ₹550 crore to the Chennai data centre (after ₹200 crore meant for the cancelled NERGS I power transmission scheme was reallocated to it), ₹200 crore to AMI solutions (now fully utilised), and ₹274.93 crore to general construction projects, with ₹187.07 crore temporarily parked in mutual funds. Materials are the dominant input at 78.7% of revenue, with employees at 3.1% and other opex at 4.0%, leaving an EBITDA margin of 18.80%. ₹885.28 million in trade receivables are overdue — ₹589.82 million from a terminated Afghanistan project awaiting ADB verification and ₹118.26 million in Bengal Energy arbitration — though management treats them as recoverable. Standalone revenue grew 35.5% year-on-year to ₹32,525 million with standalone PAT of ₹5,419 million and the Board recommending a ₹7 per share final dividend.