Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd

₹ 331 1.18%
18 Apr 4:01 p.m.
About

Triveni Engineering and Industries Ltd is an Integrated and diversified conglomerate in areas of sugar, ethanol and engineering. it is located strategically in sugarcane-rich western and central belt of UP. The company is among the Top 3 manufacturers in India for sugar & second highest supplier for ethanol.

Key Points

Products and services
Sugar- Diverse premium quality multi-grade (large, medium, small) crystal, refined and pharmaceutical-grade sugar for use across industries. 60% of its portfolio is refined sugar.[1]
Alcohol- Ethanol, Extra Neutral Alcohol (ENA).
Water solutions- Water treatment (raw, process, desalination), Sewage treatment, Wastewater and effluent treatment, Recycling and zero liquid discharge etc.
Power Transmission Business- Multi-Stage Gear Drives, Single Input And Multiple Output, Planetary Gearbox etc.
Defense- Propulsion gearboxes and other critical gearboxes, Gas turbine generators for auxiliary power, Steam turbines to complex turbo-auxiliaries, Fin Stabilizers and Critical turbo and motor-driven pumps. [2] [3] [4] [5] [6]

  • Market Cap 7,231 Cr.
  • Current Price 331
  • High / Low 417 / 261
  • Stock P/E 17.2
  • Book Value 123
  • Dividend Yield 0.99 %
  • ROCE 17.8 %
  • ROE 22.5 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 10.7% over past five years.
  • Promoter holding has decreased over last 3 years: -7.45%

* 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: Sugar Industry: Sugar

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,121 1,156 1,033 1,066 1,110 1,065 1,225 1,346 1,461 1,582 1,197 1,408 1,311
961 996 887 960 912 895 1,111 1,300 1,267 1,318 1,072 1,345 1,117
Operating Profit 160 161 146 106 198 171 113 46 194 264 126 64 194
OPM % 14% 14% 14% 10% 18% 16% 9% 3% 13% 17% 10% 5% 15%
10 -11 4 14 14 -4 8 1,606 33 17 8 8 18
Interest 10 12 15 11 11 13 20 16 6 8 19 8 4
Depreciation 20 20 20 20 20 20 22 23 24 24 25 26 26
Profit before tax 141 117 116 89 181 134 80 1,613 197 249 90 38 181
Tax % 35% 41% 26% 24% 30% 24% 25% 5% 26% 24% 26% 26% 25%
91 69 86 67 127 102 60 1,529 146 190 67 28 137
EPS in Rs 3.77 2.86 3.57 2.77 5.26 4.21 2.46 63.23 6.05 8.66 3.04 1.28 6.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,705 1,859 3,153 2,061 1,915 2,824 3,370 3,152 4,424 4,664 4,274 5,614 5,498
1,543 1,680 3,083 2,079 1,789 2,302 3,094 2,842 3,891 4,110 3,652 4,995 4,851
Operating Profit 162 179 70 -18 126 522 276 310 533 554 622 619 648
OPM % 9% 10% 2% -1% 7% 18% 8% 10% 12% 12% 15% 11% 12%
24 -61 68 18 39 -56 24 87 43 8 28 1,663 51
Interest 96 124 187 122 115 127 85 68 79 51 49 50 39
Depreciation 81 82 119 59 59 57 55 57 75 79 81 93 102
Profit before tax 8 -88 -167 -181 -9 283 159 272 421 432 520 2,139 558
Tax % -60% 24% 9% 10% 1% 17% 31% 19% 22% 37% 26% 10%
13 -67 -153 -164 -9 234 110 221 327 273 382 1,924 421
EPS in Rs 0.51 -2.59 -5.92 -6.36 -0.34 9.05 4.25 8.55 13.21 11.31 15.81 87.90 19.24
Dividend Payout % 39% -4% 0% 0% 0% 0% 6% 8% 8% 15% 21% 4%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 8%
TTM: 8%
Compounded Profit Growth
10 Years: 44%
5 Years: 35%
3 Years: 15%
TTM: 24%
Stock Price CAGR
10 Years: 33%
5 Years: 38%
3 Years: 45%
1 Year: 16%
Return on Equity
10 Years: 16%
5 Years: 23%
3 Years: 23%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 26 26 26 26 26 26 26 26 25 24 24 22 22
Reserves 1,006 936 783 590 523 752 855 1,052 1,246 1,439 1,750 2,638 2,662
826 1,022 1,176 1,472 1,678 1,721 1,240 1,684 1,530 940 1,511 840 310
349 307 1,005 842 742 556 850 976 1,139 1,058 755 851 602
Total Liabilities 2,206 2,291 2,990 2,929 2,969 3,055 2,970 3,739 3,940 3,462 4,040 4,351 3,595
1,072 1,020 950 875 862 854 843 839 1,080 1,065 1,069 1,461 1,440
CWIP 15 7 2 18 9 2 10 205 26 22 257 28 117
Investments 11 41 38 46 56 51 55 54 73 49 59 53 56
1,108 1,223 2,000 1,989 2,042 2,148 2,063 2,641 2,761 2,326 2,656 2,808 1,982
Total Assets 2,206 2,291 2,990 2,929 2,969 3,055 2,970 3,739 3,940 3,462 4,040 4,351 3,595

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
168 -15 23 -133 -93 145 627 -173 543 841 -160 432
-29 -50 14 -41 -29 -39 -47 -211 -140 -108 -265 1,399
-137 65 -39 172 119 -102 -583 394 -386 -754 433 -1,780
Net Cash Flow 3 -1 -2 -2 -2 4 -3 10 17 -21 8 51

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 37 41 26 41 48 36 34 27 24 17 22 25
Inventory Days 119 151 216 275 372 333 223 347 215 185 261 179
Days Payable 32 29 126 147 118 51 89 104 85 66 45 37
Cash Conversion Cycle 124 163 116 169 302 318 168 271 155 135 238 167
Working Capital Days 124 113 71 143 193 181 118 187 124 106 166 128
ROCE % 6% 6% -1% -3% 4% 21% 11% 13% 18% 20% 20% 18%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.43% 68.43% 68.43% 68.43% 68.43% 68.25% 61.22% 60.98% 60.98% 60.98% 60.98% 60.98%
2.63% 2.96% 4.51% 5.28% 5.62% 4.43% 5.29% 4.67% 4.23% 4.32% 4.42% 4.91%
5.28% 5.13% 5.15% 4.70% 4.85% 6.02% 8.10% 8.54% 8.21% 8.47% 8.47% 8.60%
23.66% 23.48% 21.91% 21.59% 21.10% 21.28% 25.40% 25.80% 26.58% 26.24% 26.13% 25.52%
No. of Shareholders 66,50879,00378,48095,17194,86296,3591,07,52689,19894,9661,05,1951,09,8351,15,453

* 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.

Click on the line-items to see the names of individual entities.

Documents

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