Triveni Turbine Limited TRITURBINE NIFTY_SMALLNSEINFRA

Industrials · Specialty Industrial Machinery · India

https://www.triveniturbines.com

Triveni Turbine Limited, together with its subsidiaries, manufactures and supplies power generating equipment and solutions in India and internationally. The company offers backpressure and condensing steam turbines for a range of combined heat and power and power generation applications; and American Petroleum Institute single and multi stage steam turbines for various drive, chemicals, petrochemicals, petroleum refineries, and fertilizer applications. It also provides sustainable modularly arranged pressure reducing turbines for pressure reducer desuperheater application; and carbon dioxide heat pumps and chillers solutions for dairy and food, pulp and paper, automobile, pharmaceuticals, distilleries and breweries, district and commercial heating, textile, marine, and boiler feed water heating and paint chilling applications. In addition, the company offers spares, upgrades, and automation services, as well as service solutions, including preventive maintenance, LTSA/AMC, troubleshooting, restoration, turnkey solutions, OEM services, high-speed balancing, remote monitoring, balance of plant solutions, and training programs; and multi-brand services. Further, it provides manufacturing, servicing, and trading in rotating industrial machinery; and trading and services of steam turbines and parts. The company also exports its products. Triveni Turbine Limited was formerly known as Triveni Retail Ventures Limited and changed its name to Triveni Turbine Limited in March 2010. The company was founded in 1968 and is headquartered in Bengaluru, India.

Market & Price

Market Cap

₹23,571.91 Cr

Current Price

₹741.50

High / Low (52W)

₹741.50 / ₹435.25

Beta

0.38

Valuation

Stock P/E

67.59

Industry PE

27.78

Forward P/E

44.76

PEG Ratio

Book Value

₹45.55

Price to Book

16.28

P/S

10.81

EV/EBITDA

51.06

Dividend Yield

0.54%

Profitability & Returns

ROCE

31.90%

ROE

26.22%

ROA

11.52%

Profit Margin

16.03%

Op Margin

17.51%

EPS (Latest Qtr)

₹3.21

EPS (TTM)

₹10.97

Balance Sheet & Liquidity

Debt/Equity

2.48

Quick Ratio

1.21

Current Ratio

1.98

Debt

₹35.80 Cr

Total Assets

₹2,496.80 Cr

Current Assets

₹1,990.10 Cr

Working Capital

₹984.30 Cr

Ownership

Promoter Holding

59.80%

Chg in Prom Hold

FII / Inst Holding

28.50%

Chg in FII Hold

-0.01%

Financial Snapshot

Enterprise Value

₹22,993.88 Cr

Total Revenue (TTM)

₹2,181.10 Cr

EBITDA

₹450.30 Cr

Free Cash Flow

₹-258.50 Cr

Operating Cash Flow

₹111.00 Cr

Shares Outstanding

₹31.79 Cr

Gross Margin

46.85%

Payout Ratio

38.64%

Growth (CAGR)

Revenue 5Y

20.83%

Profit 5Y

22.01%

Revenue (YoY)

26.30%

Earnings (YoY)

7.40%

PROS

Strong return on equity of 26.2%.
Healthy ROCE of 31.9%.
Compounding revenue at 20.8% over 5 years.
Profit CAGR of 22.0% over 5 years.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 67.6.
RSI at 79 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	TRITURBINE Triveni Turbine Limited NIFTY_SMALLNSEINFRA	741.50	67.59	₹23,571.91 Cr	0.54%	31.90%	26.22%	20.83%	22.01%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	538.00 Cr	371.30 Cr	506.20 Cr	624.00 Cr	679.60 Cr
Cost of Revenue	-	268.70 Cr	177.60 Cr	249.70 Cr	331.90 Cr	400.10 Cr
Gross Profit	-	269.30 Cr	193.70 Cr	256.50 Cr	292.10 Cr	279.50 Cr
Operating Expenses	-	156.40 Cr	127.80 Cr	149.90 Cr	167.40 Cr	160.50 Cr
Operating Income	-	112.90 Cr	65.90 Cr	106.60 Cr	124.70 Cr	119.00 Cr
EBITDA	-	140.30 Cr	95.70 Cr	133.00 Cr	137.00 Cr	144.10 Cr
Interest Expense	-	70.00 L	80.00 L	40.00 L	70.00 L	70.00 L
Pretax Income	-	132.10 Cr	87.20 Cr	124.60 Cr	126.90 Cr	134.40 Cr
Tax Provision	-	37.50 Cr	22.80 Cr	33.20 Cr	35.20 Cr	32.50 Cr
Net Income	-	93.90 Cr	64.50 Cr	91.20 Cr	92.10 Cr	101.90 Cr
Diluted EPS	-	2.99	2.03	2.87	2.89	3.21

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	1,236.49 Cr	1,642.70 Cr	2,005.80 Cr	2,181.10 Cr
Cost of Revenue	-	747.60 Cr	980.53 Cr	1,000.20 Cr	1,159.30 Cr
Gross Profit	-	488.89 Cr	662.18 Cr	1,005.60 Cr	1,021.80 Cr
Operating Expenses	-	273.09 Cr	359.31 Cr	595.20 Cr	605.60 Cr
Operating Income	-	215.80 Cr	302.87 Cr	410.40 Cr	416.20 Cr
EBITDA	-	276.25 Cr	381.09 Cr	517.80 Cr	509.80 Cr
Interest Expense	-	85.10 L	2.55 Cr	2.90 Cr	2.60 Cr
Pretax Income	-	255.50 Cr	357.79 Cr	488.60 Cr	473.10 Cr
Tax Provision	-	62.62 Cr	88.30 Cr	130.00 Cr	123.70 Cr
Net Income	-	192.55 Cr	269.14 Cr	357.20 Cr	349.70 Cr
Diluted EPS	8.36	5.97	8.47	11.28	-

Compounded Sales Growth

5 Years:	20.83%
1 Year:	26.30%

Compounded Profit Growth

5 Years:	22.01%
1 Year:	7.40%

Stock Price Performance

1 Year:	+25.58%
6 Months:	+38.21%
3 Months:	+53.00%
1 Month:	+29.35%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	1,339.88 Cr	1,653.66 Cr	2,018.97 Cr	2,496.80 Cr
Current Assets	-	1,046.76 Cr	1,331.62 Cr	1,658.13 Cr	1,990.10 Cr
Cash & Equivalents	-	29.71 Cr	29.12 Cr	98.19 Cr	100.70 Cr
Inventory	-	200.03 Cr	226.28 Cr	194.82 Cr	244.30 Cr
Receivables	-	129.28 Cr	178.09 Cr	363.21 Cr	639.10 Cr
Total Liabilities	-	578.54 Cr	692.34 Cr	799.52 Cr	1,050.80 Cr
Current Liabilities	-	562.12 Cr	668.63 Cr	746.51 Cr	1,005.80 Cr
Long Term Debt	0	0	-	-	-
Total Debt	-	3.72 Cr	3.12 Cr	39.16 Cr	35.80 Cr
Total Equity	-	760.35 Cr	959.80 Cr	1,216.38 Cr	1,446.00 Cr
Shares Outstanding	-	31.79 Cr	31.79 Cr	31.79 Cr	31.79 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	195.70 Cr	271.00 Cr	186.80 Cr	111.00 Cr
Investing Cash Flow	-	86.16 Cr	-197.26 Cr	-11.30 Cr	21.90 Cr
Financing Cash Flow	-	-287.69 Cr	-76.37 Cr	-110.80 Cr	-141.30 Cr
Capital Expenditure	-	-38.57 Cr	-31.68 Cr	-42.90 Cr	-71.60 Cr
Free Cash Flow	-	157.13 Cr	239.32 Cr	143.90 Cr	39.40 Cr
Net Change in Cash	-	-5.83 Cr	-2.62 Cr	64.70 Cr	-8.40 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	39.5%	40.3%	50.1%	46.8%
Operating Margin %	-	17.5%	18.4%	20.5%	19.1%
Net Margin %	-	15.6%	16.4%	17.8%	16.0%
ROE %	-	25.3%	28.0%	29.4%	24.2%
ROCE %	-	27.7%	30.7%	32.3%	27.9%

Shareholding Pattern

Insiders

59.80%

Institutions

28.50%

Public Float

70.89%

Analyst View

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