Triveni Engineering and Industries Ltd

Triveni Engineering and Industries Ltd

₹ 341 -0.61%
27 Feb 2:41 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 7,459 Cr.
  • Current Price 341
  • High / Low 417 / 250
  • Stock P/E 17.7
  • Book Value 123
  • Dividend Yield 0.95 %
  • ROCE 17.5 %
  • ROE 23.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 10.8% 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,122 1,160 1,037 1,068 1,116 1,070 1,226 1,346 1,463 1,583 1,198 1,409 1,311
961 1,005 887 961 913 895 1,112 1,301 1,269 1,319 1,073 1,346 1,118
Operating Profit 160 155 150 107 203 175 114 45 193 263 125 63 193
OPM % 14% 13% 14% 10% 18% 16% 9% 3% 13% 17% 10% 4% 15%
14 11 10 47 15 4 18 1,421 37 22 12 12 22
Interest 9 12 16 12 12 15 22 17 8 10 21 10 6
Depreciation 20 20 20 20 20 20 22 23 24 24 25 26 26
Profit before tax 146 134 124 121 185 143 89 1,426 199 251 91 39 182
Tax % 35% 36% 26% 24% 30% 24% 25% 3% 26% 24% 26% 26% 25%
95 85 92 92 130 109 66 1,388 147 190 68 29 137
EPS in Rs 3.92 3.52 3.82 3.82 5.38 4.52 2.75 57.40 6.09 8.69 3.09 1.33 6.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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 4,437 4,674 4,291 5,617 5,501
1,543 1,680 3,083 2,079 1,789 2,302 3,094 2,842 3,893 4,112 3,655 4,999 4,857
Operating Profit 162 179 70 -18 126 522 276 309 543 562 636 618 644
OPM % 9% 10% 2% -1% 7% 18% 8% 10% 12% 12% 15% 11% 12%
33 -47 45 30 41 -36 33 83 56 28 73 1,496 68
Interest 96 124 187 122 115 127 85 68 79 52 55 57 47
Depreciation 81 82 119 59 59 57 55 57 75 79 81 93 102
Profit before tax 17 -73 -191 -169 -7 302 169 268 446 460 574 1,964 563
Tax % -28% 29% 8% 10% 1% 16% 29% 19% 25% 36% 26% 9%
22 -52 -176 -152 -7 253 119 216 335 295 424 1,792 424
EPS in Rs 0.86 -2.03 -6.84 -5.90 -0.28 9.81 4.62 8.38 13.52 12.19 17.54 81.86 19.39
Dividend Payout % 23% -5% 0% 0% 0% 0% 5% 8% 8% 14% 19% 4%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 8%
TTM: 8%
Compounded Profit Growth
10 Years: 35%
5 Years: 35%
3 Years: 17%
TTM: 8%
Stock Price CAGR
10 Years: 37%
5 Years: 44%
3 Years: 58%
1 Year: 25%
Return on Equity
10 Years: 16%
5 Years: 23%
3 Years: 23%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,046 991 814 633 561 810 921 1,115 1,314 1,532 1,889 2,643 2,669
826 1,022 1,176 1,472 1,678 1,721 1,240 1,684 1,530 990 1,575 929 391
349 307 1,005 834 740 554 850 985 1,181 1,078 815 865 624
Total Liabilities 2,246 2,346 3,021 2,965 3,006 3,111 3,036 3,810 4,050 3,624 4,303 4,459 3,707
1,072 1,020 950 875 862 858 847 842 1,087 1,073 1,077 1,470 1,448
CWIP 15 7 2 18 9 2 10 205 26 22 257 28 117
Investments 51 96 68 81 99 109 116 113 142 146 193 6 9
1,108 1,223 2,000 1,990 2,036 2,142 2,063 2,650 2,796 2,383 2,775 2,955 2,133
Total Assets 2,246 2,346 3,021 2,965 3,006 3,111 3,036 3,810 4,050 3,624 4,303 4,459 3,707

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 -141 -93 145 621 -169 510 791 -173 397
-29 -50 14 -33 -28 -39 -41 -215 -107 -108 -257 1,414
-137 65 -40 172 119 -102 -583 394 -386 -704 442 -1,762
Net Cash Flow 3 -1 -2 -2 -2 4 -3 11 17 -21 12 49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 22 16 23 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 124 163 116 169 302 318 168 271 152 135 239 167
Working Capital Days 97 113 71 144 196 181 118 187 120 104 162 128
ROCE % 7% 7% -0% -2% 5% 21% 11% 13% 18% 19% 21% 18%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.43% 68.43% 68.43% 68.43% 68.43% 68.43% 68.25% 61.22% 60.98% 60.98% 60.98% 60.98%
2.78% 2.63% 2.96% 4.51% 5.28% 5.62% 4.43% 5.29% 4.67% 4.23% 4.32% 4.42%
4.07% 5.28% 5.13% 5.15% 4.70% 4.85% 6.02% 8.10% 8.54% 8.21% 8.47% 8.47%
24.72% 23.66% 23.48% 21.91% 21.59% 21.10% 21.28% 25.40% 25.80% 26.58% 26.24% 26.13%
No. of Shareholders 50,86266,50879,00378,48095,17194,86296,3591,07,52689,19894,9661,05,1951,09,835

* 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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