Triveni Turbine Ltd
TRITURBINE NSE
Triveni Turbine Ltd
IndustrialsNSE: TRITURBINE BSE: 533655 Electrical Equipment
Key Fundamentals
SmallcapElectrical EquipmentCapital GoodsMarket Cap
₹18,843 Cr
Volatility
Moderate
P/E Ratio
54.95
EBITDA
₹433 Cr
Return on Equity
29.41%
Debt to Equity
0.02
Book Value
₹45.49
EPS
₹9.07
52W High
₹787.6
52W Low
₹428.35
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Triveni Turbine Ltd insights
55 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company is almost debt free.
- Company has delivered good profit growth of 26.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
- Company has been maintaining a healthy dividend payout of 39.7%
Weaknesses
3- Stock is trading at 13.1 times its book value
- Debtor days have increased from 70.8 to 107 days.
- Working capital days have increased from 42.0 days to 118 days
Growth Rate
Revenue Growth
4.52% ↗
Net Income Growth
-1.87% ↗
Cash Flow Change
-31.10% ↘
ROE
4.92% ↗
ROCE
5.58% ↗
EBITDA Margin (Avg.)
-22.65% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 3d agoAI opinion · based on fundamentals
Risk medium
Triveni Turbine Ltd is a nearly debt-free industrial company with a market cap of ₹18,875 Cr, trading at a PE of 56x and 13x book value. The company has delivered 5-year profit CAGR of 27% with consistent ROE above 25%, but recent TTM profit growth has decelerated to 2% while working capital days have expanded significantly from 42 to 118 days.
Bull Case 7
- Company is virtually debt-free, providing strong balance sheet flexibility and low financial risk in a capital-intensive industrial sector
- Consistent ROE track record of 29% over 3 years and 25% over 5 and 10 years, indicating efficient capital allocation
- Compounded profit growth of 27% CAGR over 5 years demonstrates sustained earnings momentum
- Sales CAGR of 25% over 5 years and 20% over 3 years reflects robust order execution and demand environment
- Healthy dividend payout ratio of 39.7% with current yield of 0.72%, showing shareholder-friendly capital return policy
- 10-year stock CAGR of 17% and 5-year CAGR of 38% reflect long-term wealth creation track record
- TTM sales growth of 18% indicates continued top-line expansion in the current period
Bear Case 7
- PE ratio of 56x is significantly elevated relative to typical industrial sector multiples, leaving limited margin of safety
- TTM profit growth has sharply decelerated to just 2% compared to 3-year CAGR of 28%, signaling potential margin compression or one-off headwinds
- Working capital days have nearly tripled from 42 days to 118 days, indicating deteriorating cash conversion efficiency
- Price-to-book ratio of 13x implies the stock is priced for sustained high growth with little room for execution missteps
- Debtor days have increased from 70.8 to 107 days, suggesting slower collections and potential credit risk from customers
- 10-year compounded sales CAGR of 12% is significantly lower than the recent 5-year figure of 25%, indicating growth may be cyclical rather than structural
- 10-year compounded profit CAGR of 13% versus 5-year CAGR of 27% suggests the current growth phase may not be sustainable over longer cycles
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 19h ago Headwinds 1
- Q1 profit drops, margins compress Aug 10
Q1FY27 net profit fell to ₹511M from ₹645M YoY. EBITDA margin contracted sharply from 19.82% to 11.59%, signaling significant cost pressure despite revenue growth.
Positives 3
- Record FY26 revenue ₹21,811M Aug 14
Annual report filed showing record revenue of ₹21,811 million for FY25-26, with AGM scheduled for September 9, 2026.
- Q1 revenue grows to ₹4.4B Aug 10
Q1FY27 consolidated revenue grew to ₹4.4 billion from ₹3.7 billion YoY, indicating healthy top-line momentum.
- Final dividend of ₹2/share Aug 5
Board recommended final dividend of ₹2 per share with record date of September 2, 2026.
Neutral 2
- Q1FY27 earnings call released Aug 11
Audio recording of Q1FY27 earnings conference call held on August 11, 2026 uploaded to company website for investor access.
- Institutional block trades ~₹49Cr Jul 29
Two block trades executed on NSE — ₹28.90 crores at ₹616.25/share on Jul 29 and ₹20.01 crores at ₹619.80/share on Jul 27, suggesting institutional portfolio rebalancing.
TL;DR: Triveni Turbine delivered record FY26 revenue and continued top-line growth in Q1FY27, but profitability has deteriorated sharply with EBITDA margins nearly halving to 11.59%. The stock is doing well on order execution and revenue conversion, but margin compression is the key risk to monitor. Institutional block trades near ₹616-620 levels suggest measured activity rather than aggressive accumulation. The trend is mixed — revenue trajectory is positive but sustainability depends on whether margin pressure is transient or structural.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 376 | 388 | 432 | 458 | 463 | 501 | 503 | 538 | 371 | 506 | 624 | 680 | 443 |
| Expenses | 306 | 314 | 348 | 368 | 368 | 390 | 394 | 418 | 298 | 392 | 491 | 552 | 391 |
| Operating Profit | 71 | 74 | 84 | 90 | 96 | 111 | 109 | 120 | 74 | 115 | 133 | 128 | 51 |
| OPM % | 19% | 19% | 19% | 20% | 21% | 22% | 22% | 22% | 20% | 23% | 21% | 19% | 12% |
| Other Income | 13 | 14 | 17 | 18 | 19 | 20 | 22 | 20 | 22 | 18 | 4 | 16 | 28 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 5 | 5 | 6 | 5 | 6 | 6 | 6 | 8 | 8 | 8 | 9 | 9 | 9 |
| PBT | 79 | 83 | 95 | 102 | 108 | 124 | 125 | 132 | 87 | 125 | 127 | 134 | 70 |
| Tax % | 22% | 23% | 28% | 25% | 25% | 27% | 26% | 28% | 26% | 27% | 28% | 24% | 27% |
| Net Profit | 61 | 64 | 68 | 76 | 80 | 91 | 93 | 95 | 64 | 91 | 92 | 102 | 51 |
| EPS in Rs | 1.91 | 2.02 | 2.15 | 2.39 | 2.52 | 2.86 | 2.91 | 2.95 | 2.03 | 2.87 | 2.9 | 3.21 | 1.61 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 651 | 713 | 745 | 751 | 840 | 818 | 703 | 852 | 1,248 | 1,654 | 2,006 | 2,181 | 2,252 |
| Expenses | 526 | 553 | 577 | 594 | 687 | 660 | 553 | 692 | 1,012 | 1,333 | 1,566 | 1,732 | 1,826 |
| Operating Profit | 125 | 160 | 168 | 157 | 153 | 158 | 149 | 161 | 235 | 321 | 439 | 449 | 427 |
| OPM % | 19% | 22% | 23% | 21% | 18% | 19% | 21% | 19% | 19% | 19% | 22% | 21% | 19% |
| Other Income | 30 | 25 | 33 | 8 | 19 | 24 | 6 | 227 | 43 | 62 | 81 | 61 | 67 |
| Interest | 4 | 2 | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 5 | 6 | 3 | 2 |
| Depreciation | 16 | 15 | 15 | 19 | 20 | 20 | 20 | 20 | 20 | 21 | 26 | 34 | 36 |
| PBT | 136 | 167 | 185 | 144 | 149 | 156 | 132 | 365 | 256 | 358 | 489 | 473 | 456 |
| Tax % | 32% | 32% | 33% | 33% | 33% | 22% | 22% | 26% | 25% | 25% | 27% | 26% | — |
| Net Profit | 93 | 113 | 124 | 96 | 100 | 122 | 102 | 270 | 193 | 269 | 359 | 349 | 336 |
| EPS in Rs | 2.74 | 3.42 | 3.74 | 2.91 | 3.1 | 3.77 | 3.17 | 8.36 | 6.06 | 8.47 | 11.24 | 11 | 10.59 |
| Div. Payout % | 31% | 32% | 32% | 34% | 0% | 13% | 38% | 23% | 0% | 43% | 36% | 41% | — |
Balance Sheet
| 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 | 196 | 266 | 370 | 419 | 401 | 498 | 605 | 824 | 729 | 928 | 1,185 | 1,414 |
| Borrowings | 13 | 1 | 0 | 0 | 0 | 1 | 4 | 2 | 4 | 3 | 39 | 36 |
| Other Liabilities | 333 | 278 | 242 | 303 | 311 | 295 | 307 | 493 | 593 | 707 | 783 | 1,015 |
| Total Liabilities | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 | 2,497 |
| Fixed Assets | 155 | 132 | 232 | 226 | 254 | 246 | 248 | 247 | 269 | 283 | 323 | 363 |
| CWIP | 6 | 33 | 10 | 39 | 5 | 7 | 1 | 3 | 5 | 1 | 19 | 17 |
| Investments | 23 | 20 | 17 | 20 | 19 | 152 | 296 | 478 | 379 | 458 | 348 | 304 |
| Other Assets | 391 | 393 | 386 | 472 | 466 | 420 | 403 | 624 | 703 | 928 | 1,348 | 1,813 |
| Total Assets | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 | 2,497 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 71 | 140 | 82 | 91 | 148 | 188 | 187 | 433 | 196 | 271 | 187 | 111 |
| Investing | -34 | -46 | -75 | -49 | -8 | -128 | -214 | -363 | 89 | -195 | -7 | 22 |
| Financing | -37 | -70 | -19 | -48 | -124 | -21 | -2 | -75 | -288 | -76 | -111 | -141 |
| Net Cash Flow | -1 | 24 | -11 | -6 | 15 | 39 | -29 | -5 | -3 | -1 | 69 | -8 |
| Free Cash Flow | 60 | 97 | -1 | 44 | 133 | 176 | 174 | 419 | 157 | 240 | 144 | 39 |
| CFO/OP | 93 | 118 | 83 | 90 | 128 | 145 | 147 | 326 | 110 | 107 | 71 | 53 |
Ratios
| 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 | 83 | 68 | 74 | 101 | 76 | 56 | 40 | 43 | 38 | 39 | 66 | 107 |
| Inventory Days | 129 | 143 | 138 | 174 | 171 | 146 | 170 | 138 | 122 | 108 | 78 | 77 |
| Days Payable | 126 | 82 | 88 | 139 | 91 | 51 | 76 | 85 | 64 | 78 | 125 | 176 |
| Cash Conversion Cycle | 85 | 129 | 124 | 136 | 157 | 151 | 134 | 97 | 96 | 70 | 20 | 8 |
| Working Capital Days | 21 | 42 | 60 | 81 | 64 | 31 | -6 | -57 | -48 | -39 | 47 | 118 |
| ROCE % | 63% | 57% | 52% | 34% | 34% | 32% | 25% | 21% | 29% | 38% | 41% | 36% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - Regarding Earnings Conference Call for Q4 & FY26 Financial Results under Regulation 30 of the SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations'). 9h - Regarding Earnings Conference Call for Q4 & FY26 Financial Results under Regulation 30 of the SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations').
2
Board Meeting Intimation for Triveni Turbine Limited Scheduled To Be Held On May 18, 2026.
8 May - Board meeting on May 18, 2026 to approve FY26 audited results and consider final dividend. 8 May - Board meeting on May 18, 2026 to approve FY26 audited results and consider final dividend.
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Apr - Newspaper Publication for opening of special window for transfer and dematerialisation of physical securities and launch of second 100 days campaign (Saksham Niveshak). 25 Apr - Newspaper Publication for opening of special window for transfer and dematerialisation of physical securities and launch of second 100 days campaign (Saksham Niveshak).
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
9h - Newspaper Publication for opening of special window for transfer and dematerialisation of physical securities and launch of second 100 days campaign (Saksham Niveshak). 9h - Newspaper Publication for opening of special window for transfer and dematerialisation of physical securities and launch of second 100 days campaign (Saksham Niveshak).
5
Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
15 Apr - South African subsidiaries TSE and TTAPL merged; TSE dissolved effective April 1, 2026. 15 Apr - South African subsidiaries TSE and TTAPL merged; TSE dissolved effective April 1, 2026.
Frequently Asked Questions about Triveni Turbine Ltd
What does Triveni Turbine Ltd do?
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]
Where is Triveni Turbine Ltd (TRITURBINE) listed?
Triveni Turbine Ltd is listed on the Indian stock exchanges. It is listed on NSE: TRITURBINE and BSE: 533655. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Triveni Turbine Ltd belong to?
Triveni Turbine Ltd operates in the Industrials sector within the Electrical Equipment industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Triveni Turbine Ltd?
Triveni Turbine Ltd has a market capitalisation of approximately ₹18843.22 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Triveni Turbine Ltd?
The Price-to-Earnings (PE) ratio of Triveni Turbine Ltd is 54.95. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Triveni Turbine Ltd?
Over the past 52 weeks, Triveni Turbine Ltd has traded between a low of ₹428.35 and a high of ₹787.6. This range helps investors understand the stock's price volatility and recent trading levels.
Does Triveni Turbine Ltd pay dividends?
Yes, Triveni Turbine Ltd has a dividend yield of 0.71%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Triveni Turbine Ltd?
Triveni Turbine Ltd has a Return on Equity (ROE) of 29.41%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Triveni Turbine Ltd on Tapetide?
On Tapetide, you can view Triveni Turbine Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
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]
Website triveniturbines.com
CEO Mr. Dhruv Manmohan Sawhney
Employees 928
Listed 2011-10-28
Face Value ₹ 1
Issued Size 31,78,86,270