Case study

TECHNOE

Techno Electric & Engineering Company Limited

Tread carefully1y model +1.0%

Each stock's 10,000-path forecast, rendered as light.

34Score

Techno Electric & Engineering Company Limited (TECHNOE) Stock Analysis & Case Study

Is TECHNOE a good buy? The data-driven verdict.

Techno Electric & Engineering Company Limited (TECHNOE) trades at ₹992,on the numbers it tread carefully, a Downstox Snapshot Score of 34/100.

On the numbers, Techno Electric & Engineering Company Limited (TECHNOE) tread carefully, a Downstox Snapshot Score of 34/100, weighing premium at 25.7× earnings, ROE of 11.4%, a 51% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

TECHNOE fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹11,548 Cr
Current price
₹992
P/E ratio
25.7×
P/B ratio
2.78×
Book value
₹357
Dividend yield
0.91%
ROCE
14.8%
ROE
11.4%
Piotroski F-Score
6/8

How TECHNOE ranks against the 2,373 companies in our screener

Is TECHNOE overvalued? TECHNOE P/E vs peers

TECHNOE trades at 25.7× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

TECHNOE share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of TECHNOE history (12%/yr drift, 45%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
TECHNOE 2027₹601₹1,077₹1,930+1%
TECHNOE 2028₹482₹1,088₹2,456+2%
TECHNOE 2029₹402₹1,099₹3,007+3%
TECHNOE 2030₹353₹1,110₹3,494+4%
TECHNOE 2031₹310₹1,121₹4,049+5%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability TECHNOE goes up, or doubles?

51%
Higher in 1 year
Modelled chance the price is above today in 12 months
52%
Higher in 5 years
Modelled chance the price is above today in 5 years
27%
Doubles in 5 years
Modelled chance of reaching ₹2,133 within 5 years

The bull case for TECHNOE

  • Techno Electric & Engineering Company Limited is part of the nifty200 universe with live, tracked fundamentals on Downstox.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹3,007.

The bear case & risks

  • TECHNOE's P/E of 27.6x is lower than 49% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • TECHNOE's return on equity of 11.4% ranks in the 57th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • High historical volatility (45%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹402.

TECHNOE volatility & expected range, how bumpy is the ride?

Over the last 9.8 years TECHNOE compounded at 12%/year with annualized volatility of 45%. That volatility implies a 1-year 80% range of ₹601-₹1,930, the honest backbone behind any single price target.

TECHNOE price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
1.0%
80% range₹601-₹1,930
P(price ↑)51%
P(price 2×)7%
3-Year Forecast
2029
₹0
Median (P50)
3.1%
80% range₹402-₹3,007
P(price ↑)52%
P(price 2×)20%
5-Year Forecast
2031
₹0
Median (P50)
5.1%
80% range₹310-₹4,049
P(price ↑)52%
P(price 2×)27%

TECHNOE price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
TECHNOE simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds TECHNOE hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the TECHNOE price target & forecast page.

TECHNOE Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. TECHNOE scores 6/8, mixed financial health.

TECHNOE MTF margin & leverage across 11 brokers

Margin Trading Facility lets you buy TECHNOE with part of the capital. Lower margin % = higher leverage. Rates compared across 11 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
UpstoxCHEAPEST35.24%2.8×
Zerodha35.53%2.8×
Groww35.36%2.8×
Dhan35.53%2.8×
Kotak Neo40.00%2.5×
Paytm Money36.56%2.7×
Pocketful35.84%2.8×
Fyers35.71%2.8×
Anand Rathi35.53%2.8×
Bajaj Broking40.00%2.5×
Share India35.34%2.8×

Compare every broker on the TECHNOE MTF page.

About Techno Electric & Engineering Company Limited: sector, index & market-cap context

Techno Electric & Engineering Company Limited (TECHNOE) is a small-cap NSE-listed company, and a constituent of the Nifty 500 index, with a market capitalisation of ₹11,548 Cr. See more stocks on our screener.

How the TECHNOE Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Techno Electric & Engineering Company Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

TECHNOE analysis, FAQs

Is Techno Electric & Engineering Company Limited (TECHNOE) a good buy?

On the numbers, Techno Electric & Engineering Company Limited (TECHNOE) tread carefully, a Downstox Snapshot Score of 34/100, weighing premium at 25.7× earnings, ROE of 11.4%, a 51% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is TECHNOE overvalued or undervalued?

TECHNOE trades at 25.7× earnings, premium versus the ~22× long-run Nifty average.

What is the TECHNOE share price target for 2031?

TECHNOE's probability-weighted 2031 median target is ₹1,121, with an 80% range of ₹310-₹4,049 (10,000-path Monte-Carlo).

What is the probability TECHNOE doubles in 5 years?

The modelled probability of TECHNOE reaching ₹2,133 (2×) within 5 years is 27%.

What is the bull case for TECHNOE?

Techno Electric & Engineering Company Limited is part of the nifty200 universe with live, tracked fundamentals on Downstox.

What are the risks in TECHNOE?

TECHNOE's P/E of 27.6x is lower than 49% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. TECHNOE's return on equity of 11.4% ranks in the 57th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. High historical volatility (45%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on TECHNOE