Triveni Turbine Ltd
- Market Cap ₹ 18,489 Cr.
- Current Price ₹ 582
- High / Low ₹ 885 / 455
- Stock P/E 53.1
- Book Value ₹ 32.5
- Dividend Yield 0.45 %
- 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 17.9 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
Sector: Capital Goods - Electrical Equipment Industry: Electric 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 | |
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10 Years: | 18% |
5 Years: | 57% |
3 Years: | 48% |
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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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.
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Appointment Of Cost Auditor
10 May - Approved audited FY25 results; recommended 200% final dividend; management and auditor appointments; no exceptional events.
Annual reports
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Financial Year 2024
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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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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.