Triveni Engineering and Industries Ltd

₹ 297 -2.88%
05 Dec - close price
About

Triveni Engineering and Industries Ltd is predominantly an integrated sugar manufacturing company, which is also involved in manufacturing high-speed gears and project implementation in the fields of water and waste-water treatment and pollution control. [1]

Key Points

Products and services
Sugar- Diverse premium quality multi-grade (large, medium, small) crystal, refined and pharmaceutical-grade sugar for use across industries.
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. [1] [2] [3] [4] [5]

  • Market Cap 7,173 Cr.
  • Current Price 297
  • High / Low 374 / 199
  • Stock P/E 22.4
  • Book Value 137
  • Dividend Yield 1.10 %
  • ROCE 20.4 %
  • ROE 24.1 %
  • Face Value 1.00

Pros

Cons

  • The company has delivered a poor sales growth of 8.64% over past five years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,625 Cr.

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
948 1,065 1,489 1,222 1,165 1,121 1,156 1,033 1,066 1,110 1,065 1,225 1,346
773 980 1,307 1,068 1,090 961 996 887 960 912 895 1,111 1,300
Operating Profit 175 85 182 155 75 160 161 146 106 198 171 113 46
OPM % 18% 8% 12% 13% 6% 14% 14% 14% 10% 18% 16% 9% 3%
15 10 11 5 9 10 -11 4 14 14 -4 8 1,606
Interest 16 14 15 16 14 10 12 15 11 11 13 20 16
Depreciation 19 19 19 20 20 20 20 20 20 20 20 22 23
Profit before tax 156 62 159 124 50 141 117 116 89 181 134 80 1,613
Tax % 31% 33% 7% 35% 35% 35% 41% 26% 24% 30% 24% 25% 5%
Net Profit 107 41 147 80 33 91 69 86 67 127 102 60 1,529
EPS in Rs 4.32 1.66 5.93 3.24 1.31 3.77 2.86 3.57 2.77 5.26 4.21 2.46 63.23
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,258 1,705 1,859 3,153 2,061 1,915 2,824 3,370 3,152 4,424 4,664 4,274 4,746
2,084 1,543 1,680 3,083 2,079 1,789 2,302 3,094 2,842 3,891 4,110 3,652 4,218
Operating Profit 174 162 179 70 -18 126 522 276 310 533 554 622 528
OPM % 8% 9% 10% 2% -1% 7% 18% 8% 10% 12% 12% 15% 11%
112 24 -61 68 18 39 -56 24 87 43 8 28 1,625
Interest 85 96 124 187 122 115 127 85 68 79 51 49 60
Depreciation 84 81 82 119 59 59 57 55 57 75 79 81 86
Profit before tax 117 8 -88 -167 -181 -9 283 159 272 421 432 520 2,008
Tax % 23% -60% 24% 9% 10% 1% 17% 31% 19% 22% 37% 26%
Net Profit 91 13 -67 -153 -164 -9 234 110 221 327 273 382 1,817
EPS in Rs 3.52 0.51 -2.59 -5.92 -6.36 -0.34 9.05 4.25 8.55 13.21 11.31 15.81 75.16
Dividend Payout % 21% 39% -4% 0% 0% 0% 0% 6% 8% 8% 15% 21%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 11%
TTM: 8%
Compounded Profit Growth
10 Years: 41%
5 Years: 5%
3 Years: 24%
TTM: -2%
Stock Price CAGR
10 Years: 30%
5 Years: 29%
3 Years: 67%
1 Year: 42%
Return on Equity
10 Years: 13%
5 Years: 22%
3 Years: 24%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
26 26 26 26 26 26 26 26 26 25 24 24 24
Reserves 965 1,006 936 783 590 523 752 855 1,052 1,246 1,439 1,750 3,289
934 826 1,022 1,176 1,472 1,678 1,721 1,240 1,684 1,530 940 1,511 810
582 349 307 1,005 842 742 556 850 976 1,139 1,058 755 618
Total Liabilities 2,507 2,206 2,291 2,990 2,929 2,969 3,055 2,970 3,739 3,940 3,462 4,040 4,741
1,236 1,072 1,020 950 875 862 854 843 839 1,080 1,065 1,069 1,343
CWIP 22 15 7 2 18 9 2 10 205 26 22 257 99
Investments 11 11 41 38 46 56 51 55 54 73 49 59 52
1,238 1,108 1,223 2,000 1,989 2,042 2,148 2,063 2,641 2,761 2,326 2,656 3,246
Total Assets 2,507 2,206 2,291 2,990 2,929 2,969 3,055 2,970 3,739 3,940 3,462 4,040 4,741

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
3 168 -15 23 -133 -93 145 627 -173 543 841 -160
6 -29 -50 14 -41 -29 -39 -47 -211 -140 -108 -265
-17 -137 65 -39 172 119 -102 -583 394 -386 -754 433
Net Cash Flow -9 3 -1 -2 -2 -2 4 -3 10 17 -21 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2010 Sep 2011 Sep 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 45 37 41 26 41 48 36 34 27 24 17 22
Inventory Days 109 119 151 216 275 372 333 223 347 215 185 261
Days Payable 52 32 29 126 147 118 51 89 104 85 66 45
Cash Conversion Cycle 102 124 163 116 169 302 318 168 271 155 135 238
Working Capital Days 120 124 113 71 143 193 181 118 187 124 106 166
ROCE % 9% 6% 6% -1% -3% 4% 21% 11% 13% 18% 20% 20%

Shareholding Pattern

Numbers in percentages

2 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
68.35 68.35 68.35 68.35 68.43 68.43 68.43 68.43 68.43 68.43 68.43 68.25
4.04 4.07 2.51 2.63 2.99 2.78 2.63 2.96 4.51 5.28 5.62 4.43
2.89 3.68 3.69 3.48 3.83 4.07 5.28 5.13 5.15 4.70 4.85 6.02
24.72 23.91 25.46 25.55 24.75 24.72 23.66 23.48 21.91 21.59 21.10 21.28

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

Concalls