Techno electric engg ltd

1. On data centre

I dont have info on terms & conditions of collaboration with KEPPEL. ( on a lighter note ) I am no insider, bro . All I know is that its an MOU for collaboration. However since KEPPEL is a globally recognised company and they must be eager to get into india (considering visible growth and growing demand in this sector in india ). And on the other hand Techno electric was looking for a partner since last one year but was waiting for good terms ( as they have highlighted in earlier concall ) So it must be a win win deal for both parties.

2. On smart meter,

AlI I know is that ( from concall ) management has mentioned in concall that its DBFOT model where goverment gives 15% grant, and 65-70% has to be invested by contractor ( if we include tax element of 18% & finance cost of 20% ). which gets paid in 94 months installment. So, yes its capex heavy project.

However, since techno is debt free, cash rich company, they are going use their cash on books in this smart meter project. So in my view, thats what make this project even better for them as they have cash which will get them over 15% ROCE in smart meter ( as mentioned by them in concall )
& about 20% ROCE in DATA CENTRE as well.

If one wants to keep it simple, then company has mentioned that 2500 Cr. Topline Next FY & 3000 Cr in Fy 26 revenue with margins around 13-14%. What I feel is that these are conservative numbers given by company and they may exceed these numbers easily.

If anyone has any more info, please do share. Lets learn togather

Some highlighted concall notes – for your info.