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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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