Techera Engineering India Ltd(TECHERA)

NSE: TECHERA

₹ 138.1-4.30%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 228 crUpdated: 24 Oct 2026

About

Techera Engineering India Ltd makes aerospace tooling, ground support equipment, MRO toolsets and precision parts, and also builds automation lines and special purpose machines. Aerospace and defence made up 71-75% of FY26 revenue, according to management. The company reported FY26 revenue of Rs 48.5 Cr. It runs three manufacturing facilities spanning 90,000 sq. ft., as of FY25.^[1][2]

Business segments

Aerospace and defence made up 71-75% of revenue in FY26. Other work, mainly automation and precision machining, made up around 25%. In FY25 the split was about 70:30.^[1]
Tooling was the largest aerospace sub-segment in FY26, at about 30-40%. MRO followed at about 20-25%, then ground support equipment and flying-part manufacturing. Management expects MRO to overtake tooling in FY27.^[1]
The company reports a single segment, with net sales of Rs 48.82 Cr in FY26.^[3]
The automation team serves appliance makers, for example with washing machine assembly lines. One assembly line order was cited at more than Rs 10-13 Cr, running for 6-12 months (Q3 FY25).^[4]

Products and programmes

Products include detail part and engine tooling, calibration of aerospace jigs, design services, automation lines, special purpose machines and precision manufacturing (FY25).^[5]
The company makes MRO toolsets for complex aircraft engines, including Rolls-Royce engines (FY25).^[5]
Its work supports platforms including commercial aviation, the IAF Tejas, Rafale and the H125 helicopter assembly (FY25).^[5]
It has supplied more than 300 tools for the C295 programme, including the largest fuselage assembly tooling, to Tata Advanced Systems (Q3 FY25).^[4]
The company holds AS9100 certification and has orders to make detail flying parts (Q3 FY25).^[4]
Management estimates the domestic MRO tooling market at ₹2,000 - 2,500 crore (FY25).^[5]

Operations and capacity

The company runs three manufacturing facilities spanning 90,000 sq. ft., with 3 five-axis machines, one of them with 6-meter capacity (FY25).^[5]
A 6.2m x 3m five-axis machine imported from Taiwan was expected to run at full capacity from 1 August 2025; management said it doubled manufacturing capacity.^[6][5]
Plant 1 was more than 85% utilised and Plant 2 was 25-30% occupied (Q3 FY25).^[4]
Management says the current asset base can support revenue of about Rs 120-125 Cr without further capex for at least 1 year (Q4 FY26).^[1]
Quality labs include CMMs, laser trackers, surface testers and a climate-controlled cleanroom (FY25).^[5]

Order book

The order book stood at Rs 46-47 Cr in Q4 FY26, roughly double the level at the start of FY26. It was Rs 22-25 Cr in Q3 FY25.^[1]
About Rs 40 Cr of the order book was expected to be executed in FY27 (Q4 FY26).^[1]
Bids and quotations already submitted totalled Rs 170-180 Cr as of Q4 FY26. Management expected Rs 30-40 Cr of new orders from these within 4-5 months.^[1]
A signed five-year contract with Turkish Aerospace, worth about Rs 110 Cr, lapsed after May 2025 when the customer stopped all communication following Operation Sindoor.^[1]

Customers and exports

Customers include HAL, Tata Advanced Systems, Dassault/Dedienne (Rafale ground support equipment), Indian airlines, Jeh Aerospace, Delta Ops (USA) and a Singapore-based MRO customer.^[4]
The company insources sub-assembly work for the Tejas programme at HAL Nashik (FY25).^[5]
It became an authorised vendor to the Indian Air Force for ground support equipment across multiple aircraft platforms (Q4 FY26).^[1]
Exports were 5-7% of revenue in FY25, by management's estimate.^[6]
The company has an office in Atlanta, USA, and early traction in Europe, Southeast Asia and the US (FY25).^[5]
Government customers made up 30-40% of revenue and private customers about 60% (FY25, as stated in Q3 FY25).^[4]

Projects under way

The company has an order for the full aircraft tooling set for India's first private jet maker. Design is complete and manufacturing has started, with completion targeted by September 2026 (Q4 FY26).^[1]
Tenders for HTT-40 aircraft assembly and a vertical fin component at HAL had been submitted, with awards expected within 60 days (Q4 FY26).^[1]
Under the 'Super 30' programme, the company plans to onboard 30 critical suppliers over three years (Q3 FY25).^[4]

Subsidiaries and investments

The company made a 26.02% equity investment in Kalbhorz Electric Private Limited, which makes aerospace and defence motors and actuation systems (FY25).^[5]
The company holds 51% of TechEra Design Centre and 51% of a Nashik subsidiary, both incorporated in 2025. A Bangalore entity is planned (Q2 FY26).^[7][5]
It invested in 10% of the share capital of TechEra Engineering (USA) Inc in July 2025.^[5]

Recent developments

On 15 Sep 2026, the company reported two insourcing orders from an Indian public sector aerospace and defence company: INR 4,55,57,184 for rear fuselage assembly and INR 2,95,00,000 for LCA Mk1A air intakes. Each runs for 5 years.^[8]
The promoter sold about 2.5% of the company's shares to repay personal debts (Q2 FY26).^[7]
The company won the Best Aerospace Component Manufacturer Startup Award at the NavBharat StartUp Summit, 2025.^[5]

Market Cap

₹228 Cr

High / Low

₹326 / 128

Stock P/E

92.3

Price / Book

5.0

Book Value

₹32

EPS

₹1.7

No. of Shares

1.65 Cr

ROCE

7.5%

ROE

5.4%

OPM

11.8%

Debt / Equity

0.61

Sales

₹49 Cr

Net Profit

₹3 Cr

Promoter holding

35.3%

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