The shares of the defence and aerospace company hit a 5 percent upper circuit in today’s trading session after the company bagged a prestigious work order worth Rs 5.23 Crores.
With a market capitalization of Rs 334 crore, the shares of Techera Engineering India Ltd hit a 5 percent upper circuit at Rs 202.25 per share, as compared to the previous closing price of Rs 192.65 apiece. Over the past nine months, the stock has delivered a robust return of 54 percent.
The shares of Techera Engineering India Ltd have seen positive movement after bagging a prestigious work order worth Rs 5.23 Crores from the Defence Manufacturing Entity for providing technical competency for the manufacturing of aircraft assemblies.
Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defense industries. It provides precision tooling, components, and automation solutions for the aerospace and defense sectors.Their manufacturing facility is located in Maharashtra. It uses advanced manufacturing technologies such as 5-axis machining and 3D modeling to meet the high standards required in these industries.
The company reported a revenue of Rs 49.50 crores in FY25, up by 27.74 percent from its FY24 revenue of Rs 38.75 crores. Additionally, it reported a net profit increase of 19 percent to Rs 3.36 crores in FY25 from Rs 2.82 crores in FY24. The operating profit margin percentage is reduced to 17.37% in FY25 from 17.73 % in FY24. The FIIs also reduced their holding from 3.89% in the previous quarter to 0.04% in this quarter.
The company delivered an ROE and ROCE of 9.67 percent and 12.97 percent respectively, and is currently trading at a P/E of 105.40x as compared to its industry average of 76.7x.
Written by: Rohan Pandey
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