Triveni Turbine Ltd
- Market Cap ₹ 18,755 Cr.
- Current Price ₹ 590
- High / Low ₹ 885 / 455
- Stock P/E 53.9
- Book Value ₹ 32.5
- Dividend Yield 0.44 %
- ROCE 51.1 %
- ROE 38.7 %
- Face Value ₹ 1.00
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 18.2 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 Nifty 500 BSE SmallCap Nifty Energy Nifty Smallcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
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10 Years: | 14% |
5 Years: | 27% |
3 Years: | 51% |
TTM: | 83% |
Stock Price CAGR | |
---|---|
10 Years: | 19% |
5 Years: | 55% |
3 Years: | 52% |
1 Year: | 1% |
Return on Equity | |
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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% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
27 May - Annual Secretarial Compliance Report filed for FY ended March 31, 2025.
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Transcript Of Investors/Analysts Conference Call Held On May 12, 2025
16 May - Triveni Turbine reports record FY25 revenue ₹20.06B, 36% EBITDA growth, ₹1.65B capex plan, strong order book ₹19.1B.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 May - Audio recording of Q4 and FY25 earnings call uploaded on company website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
12 May - Newspaper advertisement for the published Financial Results
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Vesting Of Units Under 'Triveni Turbine Limited - Employee Stock Unit Plan 2023'
10 May - 22,453 employee stock units vested under Triveni Turbine ESU Plan 2023 on May 10, 2025.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Nov 2023TranscriptNotesPPT
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Nov 2018TranscriptPPT
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Oct 2018TranscriptPPT
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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.