ICICI Direct
June 15, 2025 at 07:58 AM
*Weekly Hidden Gem!* 💎
*Techno Electric & Engineering Company Ltd* (#technoe)
🛒 CMP: ₹1,454.20
⭐ Rating: Buy
🎯 Target Price: ₹1940
📈 Potential Upside: 33%
🟢 Market Cap: ₹16,915 crore
🔸 Techno Electric is a key *EPC player in power transmission* (68% of order book), distribution, and generation, with a growing focus on data centres.
🔸 Posted record FY25 performance:
• Revenue: ₹2269 Cr (+51%)
• PAT: ₹386 Cr (+40%)
🔸 Robust *orderbook* of ₹11,000 Cr, led by ₹7500 Cr in transmission (including EHV) and ₹1450 Cr in FGD segment. FY25 order inflows at ₹4150 Cr; similar momentum expected in FY26E.
🔸 *Data centre* expansion in motion:
• Gurgaon edge DC live
• Chennai & Mumbai centres to go live in FY26
• ₹8000 Cr capex lined up for 10 edge DCs
• Target: 250 MW DC capacity by 2030
🔸 Guidance for FY25–27E:
• Revenue CAGR ~39%
• EBITDA CAGR ~66%
• PAT CAGR ~40%
🔸 *Strong tailwinds from infra capex + high-margin digital infra biz = valuation re-rating candidate*
If this one’s in your watchlist, hit 👍🏻
Disclaimer: http://bit.ly/full-disclaimer
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