Buy Techno Electric & Engineering Company, target price Rs 1485: JM Financial

JM Financial has buy call on Techno Electric & Engineering Company with a target price of Rs 1485. The current market price of Techno Electric & Engineering Company Ltd. is Rs 1159.85.

Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11982.30 Crore) operating in Engineering sector.

Techno Electric & Engineering Company Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Power and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 470.88 Crore, up 26.79 % from last quarter Total Income of Rs 371.37 Crore and up 40.29 % from last year same quarter Total Income of Rs 335.65 Crore. Company reported net profit after tax of Rs 77.54 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 61.51 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.85 per cent, DIIs 23.7 per cent.