BSE: 0 | NSE: TECHERA | Engineering - Industrial Equipments |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that TechEra Engineering India Ltd is a below average quality company.
The key valuation ratios of TechEra Engineering India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of TechEra Engineering India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 5.2% | -36.5% | 11.2% | 25.9% | - |
| Value Creation Index ⓘ | -0.6 | NA | -0.2 | 0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 8.3 | 7.2 | 26.4 | 38.8 | 39 |
| Sales YoY Gr. | - | -13.3% | 268.1% | 46.6% | - |
| Adj EPS ⓘ | 0.1 | -9.4 | 1.9 | 4 | 2.9 |
| YoY Gr. | - | -10533.3% | NA | 107.3% | - |
| BVPS (₹) ⓘ | 6 | -3.3 | -1.4 | 13.1 | 26.1 |
| Adj Net Profit ⓘ | 0 | -6.3 | 1.3 | 4.9 | 5 |
| Cash Flow from Ops. ⓘ | 1.3 | -7 | -1.2 | 4 | - |
| Debt/CF from Ops. ⓘ | 7.2 | -1.3 | -11.7 | 3.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 67.3% | 46.6% | ||||
| Adj EPS ⓘ | NA | NA | 254.2% | 107.3% | ||||
| BVPSⓘ | NA | NA | 29.6% | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.5 | -104.4 | 12.3 | 36 | 14.9 |
| Op. Profit Mgn % ⓘ | 18.4 | -51.7 | 15.6 | 22.6 | NAN |
| Net Profit Mgn % ⓘ | 0.4 | -87.2 | 4.9 | 12.5 | 12.5 |
| Debt to Equity ⓘ | 4.1 | 0.9 | 1.2 | 0.9 | - |
| Working Cap Days ⓘ | 0 | 380 | 237 | 228 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 159 | 84 | 107 | 0 |
Return on Equity has increased versus last 3 years average to 14.90%
Sales growth is growing at healthy rate in last 3 years 67.27%
Net Profit is growing at healthy rate in last 3 years 254.22%
Debt to equity has declined versus last 3 years average to 0.90
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.9 | - |
| TTM Sales (₹ Cr.) | 38.8 | - |
| BVPS (₹.) ⓘ | 26.1 | - |
| Reserves (₹ Cr.) ⓘ | 27 | - |
| P/BV ⓘ | 7.36 | - |
| PE ⓘ | 65.90 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 318 |
| Equity (₹ Cr.) | 16.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 57.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 8 | 7 | 26 | 39 |
| Operating Expenses ⓘ | 7 | 11 | 22 | 30 |
| Manufacturing Costs | 2 | 2 | 3 | 5 |
| Material Costs | 1 | 3 | 13 | 15 |
| Employee Cost | 2 | 3 | 4 | 7 |
| Other Costs ⓘ | 2 | 3 | 3 | 4 |
| Operating Profit ⓘ | 1 | -4 | 4 | 9 |
| Operating Profit Margin (%) | 17.7% | -52.3% | 15.6% | 22.5% |
| Other Income ⓘ | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 1 | 1 | 2 |
| Depreciation ⓘ | 1 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | -6 | 1 | 6 |
| Tax ⓘ | 0 | 0 | 0 | 1 |
| Profit After Tax | 0 | -6 | 1 | 5 |
| PAT Margin (%) | -0.1% | -87.6% | 4.9% | 12.4% |
| Adjusted EPS (₹) | 0.0 | -9.4 | 2.0 | 4.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2 | 10 | 11 | 16 | ||||||
| Share Capital ⓘ | 1 | 14 | 14 | 12 | ||||||
| Reserves ⓘ | 1 | -4 | -3 | 4 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 8 | 7 | 12 | 10 | ||||||
| Long Term Debt | 5 | 6 | 5 | 6 | ||||||
| Short Term Debt | 3 | 2 | 7 | 5 | ||||||
| Trade Payables | 2 | 2 | 11 | 4 | ||||||
| Others Liabilities ⓘ | 3 | 2 | 5 | 8 | ||||||
| Total Liabilities ⓘ | 15 | 21 | 39 | 37 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 7 | 11 | 14 | 16 | ||||||
| Accumulated Depreciation | 2 | 3 | 5 | 7 | ||||||
| Net Fixed Assetsⓘ | 6 | 8 | 9 | 9 | ||||||
| CWIP ⓘ | 3 | 0 | 2 | 3 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 1 | ||||||
| Inventories | 2 | 2 | 4 | 2 | ||||||
| Trade Receivables | 2 | 2 | 19 | 17 | ||||||
| Cash Equivalents | 0 | 5 | 3 | 2 | ||||||
| Others Assetsⓘ | 2 | 4 | 3 | 3 | ||||||
| Total Assets ⓘ | 15 | 21 | 39 | 37 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 1 | -7 | -1 | 4 |
| PBT ⓘ | 0 | -6 | 1 | 6 |
| Adjustment ⓘ | 2 | 3 | 3 | 3 |
| Changes in Working Capital ⓘ | -0 | -3 | -5 | -5 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -7 | -2 | -7 | -3 |
| Capex | -7 | -2 | -5 | -2 |
| Net Investments | 0 | -1 | -2 | -1 |
| Others ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 6 | 13 | 4 | -1 |
| Net Proceeds from Shares ⓘ | 0 | 2 | 0 | 12 |
| Net Proceeds from Borrowing ⓘ | 0 | 1 | 0 | 0 |
| Interest Paid ⓘ | -1 | -1 | -1 | -1 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | 6 | 11 | 5 | -12 |
| Net Cash Flow ⓘ | 0 | 4 | -4 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.34 | 0 | 0 | 64.33 | ||||||
| ROCE (%) | 5.19 | -36.5 | 11.2 | 25.9 | ||||||
| Asset Turnover Ratio | 0.55 | 0.39 | 0.87 | 1.01 | ||||||
| PAT to CFO Conversion(x) | N/A | N/A | -1 | 0.8 | Working Capital Days | |||||
| Receivable Days | 96 | 115 | 149 | 173 | ||||||
| Inventory Days | 106 | 114 | 39 | 27 | ||||||
| Payable Days | 1,036 | 223 | 177 | 182 | ||||||
Techera Engineering (India) Limited was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of ‘Techera Engineering (India) Private Limited’ dated October 03, 2018 issued by the Registrar of Companies, Pune. Subsequently, the name of the Company was changed to ‘TechEra Engineering (India) Limited’ and a fresh Certificate of Incorporation dated May 29, 2023 was issued by the Registrar of Companies, Pune.
TechEra Engineering (India), established in October 2018, engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defence industries, and automation system solutions. The company's product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. It utilizes advanced manufacturing technologies, such as 5-axis machining and 3-D modelling for design visualization, to meet the requirements of its target sectors.
The company is ISO 9001:2015 and AS9100D:2018 certified, reflecting its adherence to quality management systems. It has participated in notable projects, including the manufacture of tooling for the commercial aircraft vertical fin assembly line and fighter wing skin layup tool, indicating its capability to execute complex engineering projects. The company aims to contribute to technological advancement and the upliftment of the sectors it serves, through continuous improvement and innovation in its processes and offerings.
Business area of the company
The company is engaged in business of undertaking projects involving Designing and manufacturing of tooling and automation systems for defence and aviation industry.
Products of the company
Awards and accreditations
History and milestones
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