This Hidden Gem stock is engaged in manufacturing, designing, and supplying precise tooling, automation, and components solutions for the defence and aerospace industries in focus after the company received multiple orders from Tata Advanced Systems and Godrej & Boyce totalling worth Rs. 5.6 crores.
Price Action
With a market capitalization of Rs. 352 Crores, the shares of Techera Engineering India Limited touched a 5 percent lower circuit in the day’s trade at Rs. 202.45 per equity share, from its previous day’s close price of Rs. 213.10.
What Happened
Techera Engineering India Limited has received multiple orders which include Tata Advanced Systems – Vadodara order worth Rs. 2.35 crore for Manufacturing and supply of final assembly line scaffolding for C295 Aircraft with order execution period till 20th March 2025.
National Aerospace Laboratories has awarded an order worth Rs. 1.43 crore for the Manufacturing and Supply of Layup tools (6 qty) with an order execution period of 15th February 2025.
Tata Advanced Systems – Bangalore has awarded an order worth Rs. 0.95 crore for the Manufacturing and Supply of Layup tools (12 qty) with an order execution period of 25th January 2025.
Godrej & Boyce Mfg Co. Ltd has awarded an order worth Rs. 0.86 crore for the Manufacturing of fixtures of Vande Bharat metro train bogies (qty 2) with an order execution period of 60 days.
About the Company
Techera Engineering (India) Limited is engaged in designing, manufacturing, and supplying precise tooling, components, and automation solutions for the aerospace and defence industries
Its product portfolio includes assembly tooling, jigs, fixtures, maintenance, repair, and overhaul (MRO) tooling, ground support equipment, precision-machined components, and many more.
Financials & Ratios
Its Revenue from operations grew by 22.18 percent year on year from Rs. 14.38 Crores in H1FY24 to Rs. 17.57 Crores in H1FY25, accompanied by losses of Rs. 2.21 Crores to a loss of Rs. 1.23 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 51.39 percent and a return on capital employed (ROCE) of 23.99 percent. It has reported a debt-to-equity ratio of 1.04.
Shareholding Pattern
As of September 2024, the shareholding pattern with promoters stake holding a major share of 42.25 percent in Techera Engineering India, Foreign Institutional Investors (FII) holding around 3.89 percent, Domestic Institutional investors (DII) standing at 15.76 percent (Maharashtra Defence And Aerospace Venture Fund – 10.57 percent), and public holdings standing at 66.30 percent and others around 38.10 percent.
Written by Santhosh S
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