Target: ₹1,600
Current Market Price: ₹1,170.50
Techno Electric & Engineering Company has reported a revenue of ₹8,434 million for the quarter ended June 2025, reflecting a significant year-on-year increase of 91.1% from ₹441.4 million in the same quarter of the previous year. This also indicates a sequential growth of 60.4%. It’s important to note that these results are not directly comparable on a quarter-on-quarter basis due to the nature of the business operations. For the first half of FY26, the company recorded a revenue of ₹13,694 million, representing a year-on-year growth of 67.7%.
In its data centres segment, Techno Electric launched Phase 1 of its Chennai facility in August 2025, beginning the onboarding process for initial customers. Additionally, the Gurgaon data centre, constructed under the RailTel EDC contract, has become commercially operational. Work is also progressing on RailTel’s 16 MW Noida data centre, which operates under a revenue-sharing model similar to the company’s Edge data centre.
The firm is pursuing several bids and anticipates securing new orders worth approximately ₹1,500 crore within this financial year, including projects for new data centres and Edge data centres. This would bring the total order intake for the year to around ₹3,000 crore, offering the company a strong outlook for sustained growth. Over the past three years, Techno Electric has achieved nearly fourfold revenue growth with only a modest increase in manpower.
The company collaborates closely with key execution partners such as Adani, Sterlite, and Power Grid, where timely project delivery is critical. A Buy rating is maintained on the stock with a target price set at ₹1,600.
Published on November 21, 2025
