
Techno Electric aims at 15% margins on new Rs 450cr order
In an interview with CNBC-TV18’s Anuj Singhal and Ekta Batra, Techno Electric & Engineering MD PP Gupta discussed a Rs 450-crore order the company has bagged.
Below is the transcript of the interview on CNBC-TV18.
Anuj: Can you take us through this Rs 450 crore order and how much of this would be executed in next financial year?
A: 50 percent of this will be executed in current year and our attempt will be to complete the job by mid-half of next year against the contract period of two years.
Anuj: What kind of margins would you enjoy on this project?
A: We should get an EBITDA of about 15 percent in this order that relates mainly to green corridor.
Ekta: What is your order pipeline looking like now?
A: Very good because the stress of the government presently is more and more unlocking the transmission network of the power generation. So that the pockets, which are not provided with power can be easily available in next two years.
Techno Electric stock price On April 30, 2015, at 10:42 hrs Techno Electric and Engineering Company was quoting at Rs 389.20, up Rs 2.30, or 0.59 percent. The 52-week high of the share was Rs 455.20 and the 52-week low was Rs 159.30. The company's trailing 12-month (TTM) EPS was at Rs 12.69 per share as per the quarter ended December 2014.
The stock's price-to-earnings (P/E) ratio was 30.67. The latest book value of the company is Rs 109.19 per share. At current value, the price-to-book value of the company is 3.56.
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