Triveni Turbine Ltd

Triveni Turbine Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Triveni Turbine Ltd

₹ 609 1.88%
24 Jun 1:41 p.m.
triveniturbines.com BSE: 533655 NSE: TRITURBINE
About

Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. [1]
It was a division of Triveni Engineering & Industries Ltd[2] since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.[3]

Key Points

Business Profile[1]
Triveni Turbine Limited (TTL) is a leading manufacturer of industrial steam turbines up to 100 MW. The company specializes in industrial heat & power solutions and decentralized steam-based renewable turbines. TTL provides steam turbine solutions for Industrial Captive and Renewable Power, serving industries such as biomass, waste-to-energy (WtE), waste heat recovery (WHR), geothermal, cement, steel, petrochemicals, textiles, pulp & paper, and more. It also offers aftermarket services for its turbines and third-party rotating equipment.

Website BSE NSE
  • Market Cap ₹ 19,364 Cr.
  • Current Price ₹ 609
  • High / Low ₹ 885 / 455
  • Stock P/E 55.7
  • Book Value ₹ 32.5
  • Dividend Yield 0.43 %
  • ROCE 51.1 %
  • ROE 38.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.1%
  • Company has been maintaining a healthy dividend payout of 29.6%

Cons

  • Stock is trading at 19.0 times its book value
  • Debtor days have increased from 46.0 to 72.0 days.
  • Promoter holding has decreased over last 3 years: -11.9%
  • Working capital days have increased from 1.32 days to 108 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Heavy Electrical Equipment

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
226 245 259 293 287 301 327 368 382 395 469 441 490
190 204 221 241 242 249 268 297 315 313 360 341 372
Operating Profit 36 41 38 52 45 53 59 72 68 82 109 99 119
OPM % 16% 17% 14% 18% 16% 17% 18% 19% 18% 21% 23% 23% 24%
6 7 10 11 11 11 12 15 18 17 18 56 18
Interest 0 0 0 0 1 1 1 1 1 1 1 0 0
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 6
Profit before tax 36 43 43 59 51 58 65 80 80 93 121 150 130
Tax % 26% 26% 26% 25% 27% 25% 26% 27% 27% 26% 26% 19% 28%
27 32 32 44 37 43 49 59 58 69 90 121 94
EPS in Rs 0.83 0.99 0.99 1.35 1.17 1.36 1.53 1.85 1.84 2.18 2.83 3.82 2.95
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
508 626 708 733 741 829 810 697 811 1,083 1,379 1,795
400 498 550 568 582 686 664 556 664 906 1,126 1,386
Operating Profit 108 127 159 165 159 143 146 141 147 177 252 409
OPM % 21% 20% 22% 22% 21% 17% 18% 20% 18% 16% 18% 23%
8 25 21 28 8 16 22 1 215 39 56 108
Interest 2 2 2 2 2 3 5 3 2 2 4 2
Depreciation 13 14 15 15 19 20 20 20 20 19 20 21
Profit before tax 101 136 163 177 146 136 142 120 340 195 284 494
Tax % 32% 33% 33% 34% 33% 35% 23% 26% 27% 26% 26% 24%
68 91 109 116 98 88 110 89 249 145 209 374
EPS in Rs 2.07 2.76 3.30 3.52 2.98 2.71 3.40 2.74 7.72 4.56 6.58 11.78
Dividend Payout % 36% 31% 33% 34% 34% 0% 15% 44% 25% 0% 55% 34%
Compounded Sales Growth
10 Years: 11%
5 Years: 17%
3 Years: 30%
TTM: 30%
Compounded Profit Growth
10 Years: 14%
5 Years: 27%
3 Years: 51%
TTM: 83%
Stock Price CAGR
10 Years: 18%
5 Years: 53%
3 Years: 56%
1 Year: 2%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 29%
Last Year: 39%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 33 33 33 33 33 32 32 32 32 32 32 32
Reserves 148 203 266 363 413 383 466 560 739 593 733 1,002
8 2 1 0 0 0 1 3 2 4 3 1
274 273 275 235 298 308 290 302 463 537 641 712
Total Liabilities 463 510 574 631 744 723 790 897 1,236 1,166 1,408 1,747
108 134 132 232 226 254 246 248 240 256 268 284
CWIP 0 6 33 10 39 5 7 1 3 5 1 1
Investments 8 14 21 14 19 15 139 278 466 332 400 310
347 356 389 375 461 449 397 371 527 572 739 1,151
Total Assets 463 510 574 631 744 723 790 897 1,236 1,166 1,408 1,747

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
29 58 140 74 94 141 178 175 391 151 234 141
-31 -17 -47 -74 -50 -8 -120 -210 -324 138 -160 -5
-25 -38 -70 -19 -48 -124 -21 -2 -73 -288 -76 -107
Net Cash Flow -27 3 23 -18 -5 9 37 -37 -6 1 -3 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 76 90 68 74 101 76 55 40 41 33 33 72
Inventory Days 146 119 143 138 174 173 146 170 138 122 109 71
Days Payable 169 112 81 86 137 93 53 75 85 61 73 113
Cash Conversion Cycle 53 96 131 126 138 156 148 135 94 94 69 31
Working Capital Days 17 38 43 63 83 64 30 -4 -60 -54 -50 108
ROCE % 61% 66% 56% 51% 35% 32% 31% 24% 20% 25% 38% 51%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.78% 55.94% 55.94% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84%
16.97% 22.30% 23.22% 24.38% 26.79% 27.68% 27.28% 27.26% 27.51% 28.09% 28.34% 28.00%
11.55% 16.09% 15.47% 15.13% 12.56% 11.66% 12.49% 12.71% 12.33% 11.49% 10.92% 10.63%
3.69% 5.67% 5.38% 4.66% 4.82% 4.82% 4.39% 4.18% 4.32% 4.59% 4.90% 5.52%
No. of Shareholders 49,95056,50971,70469,58982,72888,41883,60591,4201,07,6241,27,9441,49,5531,68,753

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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