Triveni Turbine Ltd
- Market Cap ₹ 18,489 Cr.
- Current Price ₹ 582
- High / Low ₹ 885 / 455
- Stock P/E 51.8
- Book Value ₹ 38.3
- Dividend Yield 0.45 %
- ROCE 44.2 %
- ROE 32.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 25.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
- Company has been maintaining a healthy dividend payout of 26.0%
Cons
- Stock is trading at 15.2 times its book value
- Debtor days have increased from 47.7 to 66.1 days.
- Promoter holding has decreased over last 3 years: -11.9%
- Working capital days have increased from 6.91 days to 107 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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518 | 651 | 713 | 745 | 751 | 840 | 818 | 703 | 852 | 1,248 | 1,654 | 2,006 | |
410 | 526 | 553 | 577 | 594 | 687 | 660 | 553 | 692 | 1,012 | 1,333 | 1,569 | |
Operating Profit | 108 | 125 | 160 | 168 | 157 | 153 | 158 | 149 | 161 | 235 | 321 | 437 |
OPM % | 21% | 19% | 22% | 23% | 21% | 18% | 19% | 21% | 19% | 19% | 19% | 22% |
8 | 30 | 25 | 33 | 8 | 19 | 24 | 6 | 227 | 43 | 62 | 81 | |
Interest | 3 | 4 | 2 | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 5 | 3 |
Depreciation | 14 | 16 | 15 | 15 | 19 | 20 | 20 | 20 | 20 | 20 | 21 | 26 |
Profit before tax | 100 | 136 | 167 | 185 | 144 | 149 | 156 | 132 | 365 | 256 | 358 | 489 |
Tax % | 33% | 32% | 32% | 33% | 33% | 33% | 22% | 22% | 26% | 25% | 25% | 27% |
67 | 93 | 113 | 124 | 96 | 100 | 122 | 102 | 270 | 193 | 269 | 359 | |
EPS in Rs | 2.06 | 2.74 | 3.42 | 3.74 | 2.91 | 3.10 | 3.77 | 3.17 | 8.36 | 6.06 | 8.47 | 11.24 |
Dividend Payout % | 36% | 31% | 32% | 32% | 34% | 0% | 13% | 38% | 23% | 0% | 43% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 20% |
3 Years: | 33% |
TTM: | 21% |
Compounded Profit Growth | |
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10 Years: | 15% |
5 Years: | 25% |
3 Years: | 46% |
TTM: | 46% |
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: | 24% |
3 Years: | 28% |
Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 142 | 196 | 266 | 370 | 419 | 401 | 498 | 605 | 824 | 729 | 928 | 1,185 |
19 | 13 | 1 | 0 | 0 | 0 | 1 | 4 | 2 | 4 | 3 | 39 | |
302 | 333 | 278 | 242 | 303 | 311 | 295 | 307 | 493 | 593 | 707 | 764 | |
Total Liabilities | 496 | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,019 |
111 | 155 | 132 | 232 | 226 | 254 | 246 | 248 | 247 | 269 | 283 | 323 | |
CWIP | 19 | 6 | 33 | 10 | 39 | 5 | 7 | 1 | 3 | 5 | 1 | 19 |
Investments | 0 | 23 | 20 | 17 | 20 | 19 | 152 | 296 | 478 | 379 | 458 | 348 |
365 | 391 | 393 | 386 | 472 | 466 | 420 | 403 | 624 | 703 | 928 | 1,329 | |
Total Assets | 496 | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,019 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | 71 | 140 | 82 | 91 | 148 | 188 | 187 | 433 | 196 | 271 | 187 | |
-45 | -34 | -46 | -75 | -49 | -8 | -128 | -214 | -363 | 89 | -195 | -11 | |
-14 | -37 | -70 | -19 | -48 | -124 | -21 | -2 | -75 | -288 | -76 | -111 | |
Net Cash Flow | -21 | -1 | 24 | -11 | -6 | 15 | 39 | -29 | -5 | -3 | -1 | 65 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 79 | 83 | 68 | 74 | 101 | 76 | 56 | 40 | 43 | 38 | 39 | 66 |
Inventory Days | 144 | 129 | 143 | 138 | 174 | 171 | 146 | 170 | 138 | 122 | 108 | 71 |
Days Payable | 175 | 126 | 82 | 88 | 139 | 91 | 51 | 76 | 85 | 64 | 78 | 125 |
Cash Conversion Cycle | 48 | 85 | 129 | 124 | 136 | 157 | 151 | 134 | 97 | 96 | 70 | 12 |
Working Capital Days | 6 | 21 | 42 | 60 | 81 | 64 | 31 | -5 | -57 | -47 | -39 | 107 |
ROCE % | 59% | 63% | 57% | 52% | 34% | 34% | 32% | 25% | 21% | 29% | 38% | 44% |
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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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.