CMP: 241

Techno Electric & Engineering Company Ltd. is an EPC contracting company that is focused on the Indian power sector. The Company provides engineering, procurement, and construction services. Techno also serves the steel, fertilizer, metals and petrochemicals sectors.

Techno Electric is a decent bet in mid-cap space. Its currently trading at a P/E of 15 with close to 1% dividend yields in the last 12 months. It runs at a debt of 239 Crores with 19 Crores cash in hand. Debt to Profits ratio is little over 2 which is at pretty safe levels. Revenues have been close to 700 Crores in the last 2 years. Profits have been over 100 Crores in the last 2 years. NPM has marginally dripped down from 17% to 15% over the last 2 years. Buy and hold for long term gains.