Triveni Turbine Ltd

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

Triveni Turbine Ltd

₹ 690 -0.33%
26 May - close price
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 ₹ 21,949 Cr.
  • Current Price ₹ 690
  • High / Low ₹ 738 / 428
  • Stock P/E 60.8
  • Book Value ₹ 45.5
  • Dividend Yield 0.58 %
  • ROCE 35.9 %
  • ROE 27.1 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 26.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
  • Company has been maintaining a healthy dividend payout of 39.7%

Cons

  • Stock is trading at 15.2 times its book value
  • Debtor days have increased from 70.8 to 107 days.
  • Working capital days have increased from 42.0 days to 118 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 Nifty Smallcap 100 BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
370 376 388 432 458 463 501 503 538 371 506 624 680
303 306 314 348 368 368 390 394 418 298 392 491 552
Operating Profit 66 71 74 84 90 96 111 109 120 74 115 133 128
OPM % 18% 19% 19% 19% 20% 21% 22% 22% 22% 20% 23% 21% 19%
12 13 14 17 18 19 20 22 20 22 18 4 16
Interest 0 1 1 1 1 1 1 0 1 1 0 1 1
Depreciation 5 5 5 6 5 6 6 6 8 8 8 9 9
Profit before tax 73 79 83 95 102 108 124 125 132 87 125 127 134
Tax % 24% 22% 23% 28% 25% 25% 27% 26% 28% 26% 27% 28% 24%
56 61 64 68 76 80 91 93 95 64 91 92 102
EPS in Rs 1.75 1.91 2.02 2.15 2.39 2.52 2.86 2.91 2.95 2.03 2.87 2.90 3.21
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
651 713 745 751 840 818 703 852 1,248 1,654 2,006 2,181
526 553 577 594 687 660 553 692 1,012 1,333 1,566 1,732
Operating Profit 125 160 168 157 153 158 149 161 235 321 439 449
OPM % 19% 22% 23% 21% 18% 19% 21% 19% 19% 19% 22% 21%
30 25 33 8 19 24 6 227 43 62 81 61
Interest 4 2 2 2 3 5 3 3 3 5 6 3
Depreciation 16 15 15 19 20 20 20 20 20 21 26 34
Profit before tax 136 167 185 144 149 156 132 365 256 358 489 473
Tax % 32% 32% 33% 33% 33% 22% 22% 26% 25% 25% 27% 26%
93 113 124 96 100 122 102 270 193 269 359 349
EPS in Rs 2.74 3.42 3.74 2.91 3.10 3.77 3.17 8.36 6.06 8.47 11.24 11.00
Dividend Payout % 31% 32% 32% 34% 0% 13% 38% 23% 0% 43% 36% 41%
Compounded Sales Growth
10 Years: 12%
5 Years: 25%
3 Years: 20%
TTM: 9%
Compounded Profit Growth
10 Years: 13%
5 Years: 27%
3 Years: 28%
TTM: 9%
Stock Price CAGR
10 Years: 20%
5 Years: 47%
3 Years: 20%
1 Year: 14%
Return on Equity
10 Years: 25%
5 Years: 25%
3 Years: 29%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 33 33 33 33 32 32 32 32 32 32 32 32
Reserves 196 266 370 419 401 498 605 824 729 928 1,185 1,414
13 1 0 0 0 1 4 2 4 3 39 36
333 278 242 303 311 295 307 493 593 707 783 1,015
Total Liabilities 575 578 646 755 744 826 948 1,352 1,357 1,670 2,039 2,497
155 132 232 226 254 246 248 247 269 283 323 363
CWIP 6 33 10 39 5 7 1 3 5 1 19 17
Investments 23 20 17 20 19 152 296 478 379 458 348 304
391 393 386 472 466 420 403 624 703 928 1,348 1,813
Total Assets 575 578 646 755 744 826 948 1,352 1,357 1,670 2,039 2,497

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
71 140 82 91 148 188 187 433 196 271 187 111
-34 -46 -75 -49 -8 -128 -214 -363 89 -195 -7 22
-37 -70 -19 -48 -124 -21 -2 -75 -288 -76 -111 -141
Net Cash Flow -1 24 -11 -6 15 39 -29 -5 -3 -1 69 -8
Free Cash Flow 60 97 -1 44 133 176 174 419 157 240 144 39
CFO/OP 93% 118% 83% 90% 128% 145% 147% 326% 110% 107% 71% 53%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 83 68 74 101 76 56 40 43 38 39 66 107
Inventory Days 129 143 138 174 171 146 170 138 122 108 78 77
Days Payable 126 82 88 139 91 51 76 85 64 78 125 176
Cash Conversion Cycle 85 129 124 136 157 151 134 97 96 70 20 8
Working Capital Days 21 42 60 81 64 31 -6 -57 -48 -39 47 118
ROCE % 63% 57% 52% 34% 34% 32% 25% 21% 29% 38% 41% 36%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Consolidated Outstanding Order Book
₹ Million

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Total Order Booking (Consolidated)
₹ Million
Assets Turnover Ratio
x Times
Intellectual Property Rights (IPR) Filings
Number ・Standalone data
Manufacturing Capacity
Turbines/Year ・Standalone data
Domestic Market Share (up to 30 MW)
% ・Standalone data
Installed Power Generation Capacity (Cumulative)
GW ・Standalone data
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84% 55.84%
26.79% 27.68% 27.28% 27.26% 27.51% 28.09% 28.34% 28.00% 25.45% 23.60% 22.38% 20.81%
12.56% 11.66% 12.49% 12.71% 12.33% 11.49% 10.92% 10.63% 12.15% 13.88% 14.60% 16.52%
4.82% 4.82% 4.39% 4.18% 4.32% 4.59% 4.90% 5.52% 6.57% 6.67% 7.17% 6.83%
No. of Shareholders 82,72888,41883,60591,4201,07,6241,27,9441,49,5531,68,7531,75,9341,84,5731,72,0091,58,560

* 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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