Technocraft Ventures (TECHNOCRAF) had a P/E of 45.2× on 6 Nov 2026, above the industry P/E of 13.5×, and the shares are 10% below their 52-week high. Sales and net profit grew 25% and 59% a year over 3 years, with ROCE of 35% and ROE of 31%. Debt is 0.55× equity. It is a small-cap company with a market cap of ₹2,021 Cr, ranked 3rd of 17 Infrastructure Operations companies by market cap; the shares rose 64% over the past year.
- ₹499.90
- ₹516.40
- ₹490.30
- ₹505.50
- 10.2 L
Health check
- ReturnsAhead
+64.0% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 45.2 vs industry 13.5.
- GrowthStrong
Sales +24.6%, profit +58.8% a year over 3 years.
- ProfitabilityStrong
ROCE 35.1% vs peer median 22.9%.
- Balance sheetFair
Debt 0.55× equity, interest covered 7.2×, Piotroski 6 of 9.
- Red flags1 to check
P/E of 45.2 against an industry P/E of 13.5.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,021 Cr
- Small cap
- P/E
- 45.2
- Industry 13.5
- Price to book
- 9.40
- Peers 1.79
- Dividend yield
- 0.00%
- ROE
- 30.6%
- Peers 18.8%
- ROCE
- 35.1%
- Peers 22.9%
- Debt to equity
- 0.55
- Debt ₹90 Cr
- EPS (TTM)
- ₹11.28
- Face value ₹10
- OPM (TTM)
- 18.9%
- Net margin 12.9%
- Sales growth
- +2.2%
- Latest quarter vs a year ago
- Profit growth
- +14.5%
- Latest quarter vs a year ago
- Price to sales
- 5.82
- EV/EBITDA 22.0
Strengths and risks
Strengths
- Return on equity of 30.6%.
- Return on capital employed of 35.1%.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 45.2 against an industry P/E of 13.5.
About Technocraft Ventures
Technocraft Ventures Limited engages in the engineering, procurement, and construction (EPC) turnkey projects. It develops EPC of water supply scheme projects (WSSPs), sewerage networks, sewerage treatment plants (STPs), wastewater treatment plants, transmission mains, and reservoirs water and wastewater infrastructures; EPC of road and highway projects; residential buildings; power transmission and distribution networks, electrical substations, and…
- Headquarters
- Noida
- Sector
- Industrials
- ISIN
- INE1D0W01018
- Website
- technocraftventures.com
Price range
- Avg volume (3M)
- 22.3 L
- 1-year return
- plus 64.0%
- From 52-week high
- minus 10.2%
Peers · Infrastructure Operations
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| IRBIRB Infrastructure Developers | 17.02 | minus 0.93% | 20,557 | 19.1 | 13.5 | 5.8% | 43.7% | 0.94 | −0.4% | minus 23.1% |
| LCCPROJECTLCC Projects | 134.78 | plus 0.25% | 3,904 | 13.1 | 9.0 | 45.2% | 14.0% | 0.69 | 43.1% | minus 20.8% |
| TECHNOCRAFTechnocraft Ventures | 510.30 | plus 0.95% | 2,021 | 45.2 | 29.6 | 35.1% | 18.9% | 0.55 | 24.6% | plus 64.0% |
| BFUTILITIEBF Utilities | 440.75 | minus 3.56% | 1,660 | 12.1 | 2.9 | 26.4% | 66.5% | – | 7.7% | minus 35.7% |
| HILINFRAHighway Infrastructure | 72.05 | plus 0.53% | 517 | 19.4 | 19.6 | 19.4% | 2.3% | 0.45 | 10.1% | minus 7.2% |
| MARKOLINESMarkolines Pavement Technologies | 164.28 | minus 4.67% | 365 | 13.5 | 7.4 | – | 10.2% | 0.43 | 9.2% | plus 4.3% |
| ATLANTAAATLANTAA | 35.16 | minus 4.84% | 287 | – | 12.4 | 3.0% | 41.3% | 1.48 | 13.0% | minus 20.5% |
| ANNUAnnu Projects | 38.20 | minus 3.46% | 250 | 7.6 | 5.7 | 28.8% | 15.4% | 0.34 | 22.9% | minus 49.5% |
| Median of 7 peers | – | −3.46% | 517 | 13.3 | 9.0 | 22.9% | 15.4% | 0.57 | 10.1% | −20.8% |
Quarterly results
| ₹ Cr | Jun 25 | Jun 26 |
|---|---|---|
| 90.7 | 92.7 | |
| 75.1 | 74.7 | |
| 15.6 | 18 | |
| 17.2% | 19.4% | |
| 0.3 | 0.5 | |
| 2.9 | 3.6 | |
| 0.5 | 0.4 | |
| 12.5 | 14.5 | |
| 25.3% | 26.1% | |
| 9.3 | 10.7 | |
| 2.36 | 11.25 |
Profit & loss
- Sales CAGR 3Y
- +24.6%
- Profit CAGR 3Y
- +58.8%
- EPS CAGR 3Y
- +58.8%
- ROE
- 30.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 178 | 207 | 275 | 345 | |
| – | +16.0% | +32.7% | +25.6% | |
| 156 | 173 | 226 | 274 | |
| 21.9 | 33.6 | 48.7 | 70.6 | |
| 12.3% | 16.2% | 17.7% | 20.5% | |
| −0.6 | −0.5 | 0.4 | −0.5 | |
| 5.9 | 6 | 8.8 | 9.5 | |
| 1.1 | 1 | 1.8 | 2 | |
| 0.3 | – | – | – | |
| 14.5 | 26.1 | 38.6 | 58.7 | |
| 25.7% | 26.9% | 26.9% | 26.2% | |
| 10.8 | 19.1 | 28.2 | 43.3 | |
| – | +76.3% | +48.0% | +53.6% | |
| 2.73 | 4.81 | 7.12 | 10.94 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.5 | 7.5 | 7.5 | 30.1 | |
| 65.2 | 84.3 | 112 | 133 | |
| 50.8 | 80.1 | 87.4 | 89.8 | |
| 60 | 86.2 | 62.3 | 101 | |
| 183 | 258 | 270 | 354 | |
| 10.1 | 11.5 | 13.9 | 13.5 | |
| 1 | – | 0.8 | 1.1 | |
| 0.7 | 0.3 | 0.3 | 0.2 | |
| 3 | 1.8 | 1.3 | 20.7 | |
| 169 | 244 | 254 | 319 | |
| 183 | 258 | 270 | 354 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10 | 1.4 | 21.7 | 28.7 | |
| 6.2 | 0.3 | −12.6 | −7.6 | |
| −14.1 | −3.3 | −9.7 | −8.5 | |
| 2.2 | −1.6 | −0.6 | 12.6 | |
| −1.3 | −2.5 | −4.2 | −1.6 | |
| 8.7 | −1.1 | 17.5 | 27.1 |
Shareholding pattern
- Promoters70.00%
- Public30.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.00% | 30.00% | 0.00 | |
| 13 Aug 2026 | 70.00% | 30.00% | – |
Major shareholders
Filings & events
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