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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