अApnaFunda

TECHERA ENGINEERING INDIA LTD (TECHERA)

Electronic Technology · Aerospace & Defense · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.27 / 100
Profitability 25Balance sheet 28

Share price

Closing priceAdjusted for splits and bonus issues.

₹131.85 latest close · −19.1% over the last 90 sessions

₹120₹140₹160₹180Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹120₹140₹160₹180Jul 3Sep 4Nov 9

₹131.85 month-end · −44.3% over 12 months

₹150₹200Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹150₹200Nov '25May '26Nov '26

₹131.85 month-end · −21.8% since Oct '24

₹200₹300Oct '24Mar '25Aug '25Jan '26Jun '26Nov '26 ₹200₹300Oct '24Nov '25Nov '26

52-week range ₹118.25 to ₹297.90 · 1-year volatility 53.5%

Was the rally earned?

-44%share price, 1 yearMultiple-driven

Mostly the multiple.

  • Most of the fall came from investors paying a lower multiple (P/E 116.7x to 78.5x); per-share earnings took off 14 points.
  • The share count barely moved.
Net profit growth: −14 pts. Points of the price return explained by net profit growing (or shrinking).−14 ptsNet profit growthP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30 ptsP/E changeShare price: −44%−44%Share priceNet profit growth: −14 pts. Points of the price return explained by net profit growing (or shrinking).−14ProfitP/E change: −30 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.−30P/EShare price: −44%−44%Share price
Net profit growth-14 ptsNet profit fell about 17%, which lowers the price.
P/E change-30 ptsThe P/E fell from 116.7x to 78.5x, which lowers the price.
Share count change0 ptsShare count was little changed. More shares would count against the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with HINDUSTAN AERONAUTICS

How rough has the ride been?

Maximum drawdown-62.5%not yet recovered
1-year volatility53.5%annualised

Drawdown from peak

0%−20%−40%−60%20252026−62.5% 0%−20%−40%−60%20252026−62.5%
Largest drawdowns

-62.5% (2025-10 peak to 2026-11 low, not yet recovered)

-51.0% (2024-11 peak to 2025-05 low, recovered 2025-06)

-29.8% (2025-06 peak to 2025-09 low, recovered 2025-09)

Is it expensive against its own past and its peers?

78.5xP/E todayWithin its usual range
Against its own history27th percentile
CheapestMedian 91.5xDearest

Usual range 64.4x to 114.3x since 2024-10.

Against Electronic Technology78.5x vs 55.3x
This company
78.5x
Sector median
55.3x

42% above the Electronic Technology median.

40.8x75.7x110.5x145.3xOct '24Mar '25Aug '25Jan '26Jun '26Nov '2640.8x75.7x110.5x145.3xOct '24Jul '25Apr '26Nov '26
P/E (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median

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P/S (this company)10th to 90th percentile of its own historyIts medianElectronic Technology median
How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Electronic Technology is valued

Where does it rank among Electronic Technology peers?

Each cell is the company's percentile rank among its Electronic Technology peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE25th▼ 13 pts vs a year ago
  • Revenue growth12th▼ 46 pts vs a year ago
  • EPS growth20thflat vs a year ago
  • Debt/equity ↓22nd▼ 11 pts vs a year ago
  • Cash cycle ↓21st▼ 36 pts vs a year ago
  • P/E ↓35th▲ 13 pts vs a year ago
  • 12M momentum12th▼ 56 pts vs a year ago

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Electronic Technology sector page Watch it move against Electronic Technology in the Observatory

What is the price implying?

~32%annual earnings growth implied by the price

At a P/E of 78.5x, the price would imply about 32.2%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Electronic Technology The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹131.85
P/E
78.5x
ROCE
7.9%
Market Cap
₹218 cr
Revenue (TTM)
₹49 cr
P/S
4.5x
P/B
4.1x
ROE
5.3%
Debt / Equity
0.6x
Promoter Holding
36.9%
12M Momentum
-44.3%

52-week range

₹118.25₹297.90
8% of the way from its 52-week low to its high

Price risk

1Y volatility
53.5%
Beta vs sector
1-year daily
0.54

Balance sheet & cash

Interest cover
operating profit ÷ interest
2.2x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.50x
Share count, 1Y
unchanged

Are profits backed by cash?

2 of 6checks within range2 beyond a threshold
Other income reliance31%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 30.9%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion1.51xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.51x (cash from operations ₹13.5 cr, net profit ₹8.9 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow1 of 3 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 3: 1. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+45 daysBeyond threshold

Debtor days are above the median of the previous three fiscal years by 45 days (178 vs 133). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress2% of fixed assetsWithin range

Capital work-in-progress is 2% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+105 days / 2 yrsNear threshold

Days payable changed by +105 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, DIIs trimmed 15.8 pts; promoters trimmed 5.4 pts; FIIs trimmed 3.7 pts.
  • The number of shareholders rose from 1,237 to 2,502 (+102%) between Sep 2024 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '24Jun '26Change
Promoters42.3%36.9%-5.4 pts
FIIs3.9%0.2%-3.7 pts
DIIs15.8%0.0%-15.8 pts
Public and others38.1%62.9%+24.8 pts

Number of shareholders

2,502shareholders+102% since Sep '24
8141k2k3k Sep '24Mar '25Sep '25Dec '25Mar '26Jun '26
Sep '24: 1,237
Mar '25: 814
Sep '25: 1,088
Dec '25: 1,766
Mar '26: 1,895
Jun '26: 2,502
8141k2k3k Sep '24Sep '25Mar '26Jun '26
Sep '24: 1,237
Mar '25: 814
Sep '25: 1,088
Dec '25: 1,766
Mar '26: 1,895
Jun '26: 2,502

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−22.3%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like TECHERA ENGINEERING INDIA LTD today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −37% to +13% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −16.9%, 80% range −24.8% to −4.7%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
AKASH · Jul 2021: −71.7% vs market
GSTL · Aug 2023: −69.9% vs market
RILINFRA · Jun 2023: −64.1% vs market
PAVNAIND · Oct 2025: −62.8% vs market
SEPC · Sep 2025: −58.3% vs market
STANLEY · Jul 2025: −54.7% vs market
GSLSU · Apr 2024: −54.4% vs market
URAVIDEF · Sep 2025: −53.4% vs market
SOUTHWEST · Jun 2023: −46.2% vs market
ASTEC · Aug 2023: −43.2% vs market
INVENTURE · Jun 2025: −42.0% vs market
LIBERTSHOE · Oct 2025: −38.1% vs market
GREENPOWER · Jan 2025: −37.0% vs market
EXXARO · Dec 2023: −35.6% vs market
SEL · May 2025: −35.5% vs market
ORIENTLTD · May 2020: −33.2% vs market
HILTON · Mar 2024: −32.7% vs market
COMPUSOFT · Feb 2025: −31.9% vs market
DAVANGERE · Jan 2025: −31.6% vs market
DMCC · Jun 2023: −31.6% vs market
THEINVEST · Jul 2021: −29.7% vs market
GOACARBON · Jan 2020: −26.9% vs market
BIGBLOC · Jun 2025: −22.9% vs market
ARTNIRMAN · Aug 2025: −22.7% vs market
DPSCLTD · Jun 2022: −22.5% vs market
RUCHINFRA · Jun 2025: −22.1% vs market
ALANKIT · Jul 2022: −16.6% vs market
RAJTV · Dec 2020: −16.5% vs market
IGARASHI · Jan 2020: −12.2% vs market
OAL · Aug 2023: −7.4% vs market
ANNAPURNA · May 2024: −7.2% vs market
STEELXIND · Jan 2023: −4.4% vs market
AARTECH · Sep 2025: −3.9% vs market
KECL · Jul 2025: +1.5% vs market
PANSARI · Sep 2023: +4.2% vs market
VIPULLTD · May 2020: +8.2% vs market
NRBBEARING · Jun 2020: +10.6% vs market
JAICORPLTD · Jan 2021: +13.3% vs market
HESTERBIO · Jun 2025: +16.5% vs market
BHANDARI · Jul 2023: +28.2% vs market
MCL · Jul 2024: +38.4% vs market
PROZONER · Aug 2024: +42.4% vs market
GANGAFORGE · Apr 2023: +47.1% vs market
IRIS · Nov 2022: +48.4% vs market
ARVSMART · Jun 2021: +50.4% vs market
COOLCAPS · Jan 2024: +55.7% vs market
ORBTEXP · Jun 2021: +61.4% vs market
VIMTALABS · Jun 2020: +91.5% vs market
ANANTRAJ · May 2022: +159.6% vs market
RKFORGE · Aug 2020: +164.6% vs market
Similar setups −22.3%All companies −5.4%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 2 beyond the range shown, drawn at the edge

Similar setups' median
−22.3%
All companies' median
−5.4%
Beat the market
34% vs 44%

50 past situations · 50 companies · 33 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
URAVIDEF
Electronic Technology
Sep 2025 107x— −49%−60% −53%
BHANDARI
Consumer Non-Durables
Jul 2023 —9% −23%−39% +28%
DAVANGERE
Process Industries
Jan 2025 66x7% −37%−44% −32%
BIGBLOC
Non-Energy Minerals
Jun 2025 94x7% −44%−55% −23%
RUCHINFRA
Transportation
Jun 2025 112x3% −37%−58% −22%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GREENPOWER
Utilities
Jan 2025 68x7% −35%−49% −37%
COMPUSOFT
Technology Services
Feb 2025 98x6% −41%−55% −32%
IRIS
Technology Services
Nov 2022 165x8% −31%−45% +48%
How reliable is this?

Matched on P/E, P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: ROCE, 12-month momentum and drawdown from 12-month high. Not used (unavailable for this company): operating margin. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to TECHERA ENGINEERING INDIA LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

13 events since May '25

  1. NovPriceFell 62% from the Oct 2025 peak to the Nov 2026 low.
  2. SepPeer rankSlipped to the bottom quartile of Electronic Technology on EPS growth (from the 3rd quartile).
  3. JunPromoterPromoter holding fell 2.7 pts to 36.9%.
  4. JunPeer rankMoved into the 3rd quartile of Electronic Technology on EPS growth (from the bottom quartile).
  5. MayDebtDebt / equity halved over 12 months to 0.41x.
  6. MarPromoterPromoter holding fell 2.6 pts to 39.6%.
  7. OctDebtDebt / equity halved over 12 months to 0.41x.
  8. OctSharesShare count is up 36.1% over 12 months.
Show 5 earlier events
  1. SepPriceRegained the 2025-06 peak, 0 months after the low.
  2. SepPriceFell 30% from the Jun 2025 peak to the Sep 2025 low.
  3. JunPriceRegained the 2024-11 peak, 1 month after the low.
  4. JunInstitutionsFII + DII holding fell 7.1 pts over 1 quarter to 12.5%.
  5. MayPriceFell 51% from the Nov 2024 peak to the May 2025 low.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history26 months · 2024-10 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1178.5x₹49 cr5.3%7.9%0.6x
2026-1082.0x₹49 cr5.3%7.9%0.6x
2026-09104.6x₹49 cr5.3%7.9%0.6x
2026-08100.5x₹49 cr5.3%7.9%0.6x
2026-0789.7x₹49 cr5.3%7.9%0.6x
2026-0690.6x₹49 cr5.3%7.9%0.6x
2026-0590.5x₹50 cr6.7%13.3%0.4x
2026-04107.3x₹50 cr6.7%13.3%0.4x
2026-0392.4x₹50 cr6.7%13.3%0.4x
2026-0294.0x₹50 cr6.7%13.3%0.4x
2026-01112.0x₹50 cr6.7%13.3%0.4x
2025-12108.3x₹50 cr6.7%13.3%0.4x
2025-11116.7x₹50 cr6.7%13.3%0.4x
2025-10145.3x₹50 cr6.7%13.3%0.4x
2025-09128.9x₹50 cr6.7%13.3%0.4x
2025-08101.5x₹50 cr6.7%13.3%0.4x
2025-0799.9x₹50 cr6.7%13.3%0.4x
2025-06103.1x₹50 cr6.7%13.3%0.4x
2025-0572.3x₹39 cr17.6%—0.9x
2025-0452.0x₹39 cr17.6%—0.9x
2025-0356.0x₹39 cr17.6%—0.9x
2025-0263.7x₹39 cr17.6%—0.9x
2025-0165.2x₹39 cr17.6%—0.9x
2024-1283.2x₹39 cr17.6%—0.9x
2024-1186.9x₹39 cr17.6%—0.9x
2024-1072.6x₹39 cr17.6%—0.9x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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