Triveni Turbine Ltd
- Market Cap ₹ 17,026 Cr.
- Current Price ₹ 536
- High / Low ₹ 885 / 455
- Stock P/E 49.8
- Book Value ₹ 38.3
- Dividend Yield 0.75 %
- ROCE 41.4 %
- ROE 30.6 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 23.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
- Company has been maintaining a healthy dividend payout of 26.0%
Cons
- Stock is trading at 14.0 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%
* 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
518 | 651 | 713 | 745 | 751 | 840 | 818 | 703 | 852 | 1,248 | 1,654 | 2,006 | 1,914 | |
410 | 526 | 553 | 577 | 594 | 687 | 660 | 553 | 692 | 1,012 | 1,333 | 1,566 | 1,499 | |
Operating Profit | 108 | 125 | 160 | 168 | 157 | 153 | 158 | 149 | 161 | 235 | 321 | 439 | 415 |
OPM % | 21% | 19% | 22% | 23% | 21% | 18% | 19% | 21% | 19% | 19% | 19% | 22% | 22% |
8 | 30 | 25 | 33 | 8 | 19 | 24 | 6 | 227 | 43 | 62 | 81 | 84 | |
Interest | 3 | 4 | 2 | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 5 | 6 | 3 |
Depreciation | 14 | 16 | 15 | 15 | 19 | 20 | 20 | 20 | 20 | 20 | 21 | 26 | 28 |
Profit before tax | 100 | 136 | 167 | 185 | 144 | 149 | 156 | 132 | 365 | 256 | 358 | 489 | 468 |
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 | 343 | |
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 | 10.75 |
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: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 23% |
3 Years: | 43% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 48% |
3 Years: | 39% |
1 Year: | -30% |
Return on Equity | |
---|---|
10 Years: | 25% |
5 Years: | 24% |
3 Years: | 27% |
Last Year: | 31% |
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 | 783 | |
Total Liabilities | 496 | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 |
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 | 1,348 | |
Total Assets | 496 | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 |
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 | -7 | |
-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 | 69 |
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 | 78 |
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 | 20 |
Working Capital Days | 1 | 21 | 42 | 60 | 81 | 64 | 31 | -6 | -57 | -48 | -39 | 47 |
ROCE % | 59% | 63% | 57% | 52% | 34% | 34% | 32% | 25% | 21% | 29% | 38% | 41% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
1d - ICRA retained AA+ (Stable) and A1+; bank limits increased from Rs.849.50cr to Rs.889.50cr (20 Aug 2025)
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1d - Allotment of 3357 equity shares by ESOP Allotment Committee arising out of the exercise of vested options under the "Triveni Turbine Limited- Employee Stock Unit …
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Announcement under Regulation 30 (LODR)-Issue of Securities
1d - Allotted 3,357 shares under Employee Stock Unit Plan 2023 on Aug 19, 2025; issued capital now 31,78,80,270.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Aug - Newspaper Advertisement post dispatch of AGM notice and Annual Report for FY 2024-25 to the shareholders of the Company
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Business Responsibility and Sustainability Reporting (BRSR)
13 Aug - Triveni Turbine's FY 2024-25 Business Responsibility and Sustainability Report filed as part of annual report.
Annual reports
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Financial Year 2025
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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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Concalls
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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.