Triveni Turbine Ltd

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

Triveni Turbine Ltd

₹ 706 7.47%
21 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 ₹ 22,391 Cr.
  • Current Price ₹ 706
  • High / Low ₹ 712 / 428
  • Stock P/E 64.3
  • Book Value ₹ 38.7
  • Dividend Yield 0.57 %
  • ROCE 41.2 %
  • ROE 30.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 31.8%
  • Company has been maintaining a healthy dividend payout of 43.0%

Cons

  • Stock is trading at 18.2 times its book value
  • Debtor days have increased from 71.3 to 109 days.
  • Working capital days have increased from 41.8 days to 119 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

Standalone Figures in Rs. Crores / View Consolidated

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
287 301 327 368 382 395 469 441 490 345 479 584 602
242 249 268 297 315 313 360 341 372 268 360 448 499
Operating Profit 45 53 59 72 68 82 109 99 119 77 119 136 103
OPM % 16% 17% 18% 19% 18% 21% 23% 23% 24% 22% 25% 23% 17%
11 11 12 15 18 17 18 56 18 19 15 1 13
Interest 1 1 1 1 1 1 1 0 0 1 0 1 1
Depreciation 5 5 5 5 5 5 5 5 6 6 6 7 7
Profit before tax 51 58 65 80 80 93 121 150 130 89 128 130 108
Tax % 27% 25% 26% 27% 27% 26% 26% 19% 28% 25% 25% 26% 27%
37 43 49 59 58 69 90 121 94 67 96 95 79
EPS in Rs 1.17 1.36 1.53 1.85 1.84 2.18 2.83 3.82 2.95 2.11 3.00 2.99 2.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
626 708 733 741 829 810 697 811 1,083 1,379 1,795 2,010
498 550 568 582 686 664 556 664 906 1,126 1,384 1,575
Operating Profit 127 159 165 159 143 146 141 147 177 252 411 435
OPM % 20% 22% 22% 21% 17% 18% 20% 18% 16% 18% 23% 22%
25 21 28 8 16 22 1 215 39 56 108 48
Interest 2 2 2 2 3 5 3 2 2 4 4 2
Depreciation 14 15 15 19 20 20 20 20 19 20 21 26
Profit before tax 136 163 177 146 136 142 120 340 195 284 494 455
Tax % 33% 33% 34% 33% 35% 23% 26% 27% 26% 26% 24% 26%
91 109 116 98 88 110 89 249 145 209 374 337
EPS in Rs 2.76 3.30 3.52 2.98 2.71 3.40 2.74 7.72 4.56 6.58 11.78 10.59
Dividend Payout % 31% 33% 34% 34% 0% 15% 44% 25% 0% 55% 34% 40%
Compounded Sales Growth
10 Years: 11%
5 Years: 24%
3 Years: 23%
TTM: 12%
Compounded Profit Growth
10 Years: 13%
5 Years: 29%
3 Years: 39%
TTM: 6%
Stock Price CAGR
10 Years: 21%
5 Years: 48%
3 Years: 21%
1 Year: 23%
Return on Equity
10 Years: 25%
5 Years: 27%
3 Years: 32%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 203 266 363 413 383 466 560 739 593 733 1,002 1,199
2 1 0 0 0 1 3 2 4 3 26 2
273 275 235 298 308 290 302 463 537 641 707 974
Total Liabilities 510 574 631 744 723 790 897 1,236 1,166 1,408 1,766 2,206
134 132 232 226 254 246 248 240 256 268 284 302
CWIP 6 33 10 39 5 7 1 3 5 1 1 16
Investments 14 21 14 19 15 139 278 466 332 400 310 307
356 389 375 461 449 397 371 527 572 739 1,170 1,581
Total Assets 510 574 631 744 723 790 897 1,236 1,166 1,408 1,766 2,206

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
58 140 74 94 141 178 175 391 151 234 141 118
-17 -47 -74 -50 -8 -120 -210 -324 138 -160 -5 34
-38 -70 -19 -48 -124 -21 -2 -73 -288 -76 -107 -138
Net Cash Flow 3 23 -18 -5 9 37 -37 -6 1 -3 29 14
Free Cash Flow 47 97 -9 46 126 167 162 371 119 206 124 54
CFO/OP 82% 119% 80% 90% 132% 150% 146% 322% 113% 118% 62% 55%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 90 68 74 101 76 55 40 41 33 33 72 109
Inventory Days 119 143 138 174 173 146 170 138 122 109 79 76
Days Payable 112 81 86 137 93 53 75 85 61 73 113 168
Cash Conversion Cycle 96 131 126 138 156 148 135 94 94 69 38 17
Working Capital Days 37 43 63 83 64 30 -4 -60 -54 -50 57 119
ROCE % 66% 56% 51% 35% 32% 31% 24% 20% 25% 38% 48% 41%

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
Manufacturing Capacity
Turbines/Year
Domestic Market Share (up to 30 MW)
%
Installed Power Generation Capacity (Cumulative)
GW
R&D Expenditure (Percentage of Turnover)
%

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Shareholding Pattern

Numbers in percentages

5 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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