Techno Electric & Engineering Q4 Review - Healthy Cashflows, Promising Outlook: ICICI Securities

Workers connect electricity cables to a transmission pole. (Photographer: Prashanth Vishwanathan/Bloomberg).

Techno Electric & Engineering Q4 Review - Healthy Cashflows, Promising Outlook: ICICI Securities

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 Ltd. performance was below par due to delay in project execution and loss in the wind segment.

Current orderbook at Rs 20 billion (2.1 times trailing twelve months sales) lends growth visibility.

Order intake is likely to pick up in FY22E led by flue gas desulphurisation and Power Grid Corporation of India Ltd.'s ordering.

The company plans to enter the data centre market with an investment outlay of Rs 7.5 billion over the next two years – it expects 20% return on equity from the same.

Click on the attachment to read the full report:

ICICI Securities Techno Electric Q4FY21 Results Update.pdf

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