BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Techno Electric and Engineering Company Ltd. reported a healthy 23% YoY revenue growth to Rs 3 billion in Q3 FY22, led by 46% YoY rise in the engineering, procurement and construction segment.
However, EPC Ebit margin contracted 430 basis points YoY due to higher commodity costs. With nine months-FY22 order intake at Rs 6 billion, the orderbook stands at Rs 16 billion (1.6 times trailing twelve months sales) with an additional level-one orders worth Rs 18 billion.
As flue gas desulphurisation and transmission ordering activity picks up, we expect order intake to gather pace in FY23E and execution to remain healthy.
Techno Electric is a net cash company with a cash balance of Rs 12 billion.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR