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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPC/Engineering Services (93%), Corporate/Unallocable (7%), Others (0%). EPC order-book driven civil construction with power, smart metering and data centre exposure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,074 | 829 | 1,502 | 2,269 | 3,252 |
| EBITDA (ex other income) | 222 | 87 | 209 | 339 | 462 |
| margin % | 20.7 | 10.4 | 13.9 | 15.0 | 14.2 |
| Owners' profit | 264 | 187 | 268 | 423 | 474 |
| EPS, as reported (₹) | 23.99 | 17.10 | 24.94 | 37.19 | 40.74 |
| ROE % · ROCE % | 14.4 · 15.9 | 9.7 · 5.7 | 12.4 · 14.9 | 11.3 · 12.0 | 11.4 · 12.8 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Cash from operations | 258 | 93 | (198) | 453 | (590) |
| Capex | (34) | (66) | (180) | (168) | (67) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 441 | 636 | 816 | 526 | 843 | 872 | 1,010 | 630 |
| Profit before tax | 105 | 129 | 174 | 136 | 140 | 144 | 155 | 118 |
| Net profit | 94 | 96 | 135 | 136 | 104 | 119 | 115 | 93 |
| EPS (₹) | 8.22 | 8.25 | 11.58 | 11.70 | 8.94 | 10.25 | 9.85 | 8.02 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 | 30.4 | 8.9 | 7.5 | 5.8 | 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Techno Electric files newspaper notice for 21st AGM completion | compliance | minimal | — | — |
| 1 Sept 2026 · Record Date Sep 11 Set for Rs.7 Final Dividend; AGM on Sep 23 | corporate actions | high | — | — |
| 1 Sept 2026 · BRSR for FY25-26 filed with exchanges; sustainability disclosures | compliance | low | — | — |
| 1 Sept 2026 · 21st AGM notice: Rs 7 dividend, borrowing limit hike to Rs 3,500 cr | board shareholder meetings | low | — | — |
| 1 Sept 2026 · AGM Notice and Annual Report FY25-26 with Rs.7 Dividend | board shareholder meetings | medium | — | — |
| 17 Aug 2026 · QIP Monitoring Report: NERGS-I funds reallocated; stock 32% below issue price | fund raising | medium | — | — |
| 12 Aug 2026 · Techno Electric publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue up 25% YoY, PAT steady standalone | results | high | — | — |
| 11 Aug 2026 · Q1 FY27 results: revenue up 25% YoY, PAT dips; auditor flags overdue receivables | results | high | — | — |
| 6 Aug 2026 · Q1 FY27 earnings call on August 12, 2026 at 3:30 PM IST | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD ◆ | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.3 | 14.9 | 78 of 107 | 27% |
| P/B | 2.7 | 1.4 | 63 of 86 | 27% |
| ROCE | 12.4 | 10.0 | 46 of 109 | 58% |
| ROE | 11.4 | 9.2 | 38 of 91 | 59% |
| Debt / Equity | 0.0 | 0.3 | 18 of 91 | 81% |
| EBITDA margin | 20.4 | 12.4 | 17 of 88 | 82% |
| Revenue growth | 19.8 | 6.2 | 27 of 86 | 69% |
| Profit growth | (31.4) | 2.7 | 56 of 84 | 34% |
| Market cap | 11339 | 485 | 8 of 108 | 94% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
