Triveni Engineering and Industries Ltd logo

Triveni Engineering and Industries Ltd

TRIVENI NSE

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.

AI Verdict: HOLD Confidence: 5%

Triveni Engineering trades at a PE of 29.5x with declining ROE of 9% last year and weak 5-year sales CAGR of 6%. While long-term profit compounding of 43% over 10 years and 75% analyst buy ratings are encouraging, the stock's -15% one-year return and potential interest capitalization concerns warrant caution at current valuations.

Key Fundamentals

MicrocapSugarConsumer Goods
Market Cap
₹9,095 Cr
Volatility
Moderate
P/E Ratio
32.58
EBITDA
₹532 Cr
Return on Equity
67.23%
Debt to Equity
0.57
Book Value
₹151.7
EPS
₹16.39
52W High
₹435
52W Low
₹317.55

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 21.5%

Weaknesses

4
  • Stock is trading at 2.74 times its book value
  • The company has delivered a poor sales growth of 6.12% over past five years.
  • Company has a low return on equity of 10.2% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
9.46% ↗
Net Income Growth
34.82% ↘
Cash Flow Change
-206.09% ↘
ROE
-44.64% ↘
ROCE
-38.34% ↘
EBITDA Margin (Avg.)
-10.01% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 20d ago
HOLD
Risk medium

Triveni Engineering trades at a PE of 29.5x with declining ROE of 9% last year and weak 5-year sales CAGR of 6%. While long-term profit compounding of 43% over 10 years and 75% analyst buy ratings are encouraging, the stock's -15% one-year return and potential interest capitalization concerns warrant caution at current valuations.

Bull Case 8
  • 75% of analysts (3 out of 4) rate the stock a Buy, indicating institutional confidence in the business outlook
  • 10-year compounded profit growth of 43% demonstrates strong long-term earnings power and operational leverage
  • 10-year stock CAGR of 22% reflects consistent long-term wealth creation for shareholders
  • 5-year stock CAGR of 19% outperforms broader market indices over the same period
  • TTM sales growth of 11% shows recent revenue momentum improving from the 5-year average of 6%
  • TTM profit growth of 14% indicates earnings recovery trajectory from the -19% three-year CAGR
  • Consistent dividend payout of 21.5% provides income support with current yield at 0.41%
  • Market cap of Rs 8,037 crore places it in the mid-cap segment with room for re-rating as fundamentals improve
Bear Case 8
  • 5-year compounded sales growth of only 6% signals structural revenue growth challenges in core business
  • ROE has deteriorated from 17% (10-year average) to 14% (5-year) to 10% (3-year) to just 9% last year, showing declining capital efficiency
  • 3-year compounded profit decline of -19% indicates significant mid-term earnings pressure
  • PE ratio of 29.5x is expensive for a company delivering single-digit ROE of 9% and low sales growth
  • Stock has delivered -15% return over the past 1 year, underperforming the broader market significantly
  • Potential interest cost capitalization flagged as a concern, which may overstate reported profitability
  • 5-year compounded profit growth of -1% suggests earnings have essentially stagnated over a meaningful period
  • Price-to-book ratio of 2.37x is not cheap given the deteriorating return on equity profile

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 20d ago
Positives 3
  • NCLT sanctions composite scheme May 7

    NCLT Allahabad Bench sanctioned the Composite Scheme of Arrangement on May 07, 2026, involving amalgamation of Sir Shadi Lal Enterprises and demerger of PTB Undertaking into Triveni Power Transmission Limited.

  • Goldman Sachs investor engagement Jun 4

    Triveni Engineering will attend Goldman Sachs Asia Corporate Day on June 09, 2026, providing a platform for investor engagement and business outlook discussions.

  • Six new directors appointed Jun 4

    Board approved appointment of four independent and two non-executive directors effective June 4 and July 1, 2026, strengthening governance as part of the composite scheme.

Neutral 4
  • Q4FY26 conference call posted Jun 4

    Triveni released the audio recording of its June 4, 2026 analyst call discussing audited Q4 and FY26 results, available on the company website.

  • SSEL trading suspended June 4 Jun 1

    Record date fixed as June 3, 2026 for the composite scheme; trading in Sir Shadi Lal Enterprises shares suspended from June 4.

  • Board met May 29 for results May 22

    Board met on May 29, 2026 to consider Q4 and FY26 audited results and final dividend recommendation.

  • Board meeting postponed earlier May 14

    Originally scheduled May 15 board meeting and May 18 conference call were postponed due to unavoidable circumstances, later rescheduled to May 29.

TL;DR: Triveni Engineering's key development this period is the NCLT-sanctioned composite scheme, which restructures the group via SSEL amalgamation and power transmission demerger — a corporate simplification move. No material headwinds emerged; the postponed board meeting was procedural. Governance is being strengthened with six new board appointments ahead of the June 30 AGM. The forward outlook hinges on execution of the demerger and how the streamlined entity is received by investors at upcoming engagements like the Goldman Sachs event.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
1,583
1,198
1,409
1,311
1,302
1,301
1,491
1,268
1,629
1,598
1,706
1,478
1,508
Expenses
1,319
1,073
1,346
1,118
1,057
1,214
1,486
1,191
1,321
1,545
1,640
1,328
1,231
Operating Profit
263
125
63
193
246
86
5
77
308
53
66
150
277
OPM %
17%
10%
4%
15%
19%
7%
0%
6%
19%
3%
4%
10%
18%
Other Income
22
12
12
22
16
11
14
24
9
23
21
2
17
Interest
10
21
10
6
18
26
16
11
30
38
22
13
28
Depreciation
24
25
26
26
27
29
32
33
32
35
36
36
36
PBT
251
91
39
182
217
42
-30
58
255
3
29
103
229
Tax %
24%
26%
26%
25%
26%
26%
-26%
26%
27%
27%
26%
24%
27%
Net Profit
190
68
29
137
161
31
-22
43
187
2
21
78
167
EPS in Rs
8.69
3.09
1.33
6.28
7.36
1.43
-0.88
2.2
8.36
0.2
1.18
3.55
7.65
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
2,061
1,915
2,824
3,370
3,152
4,437
4,674
4,291
5,617
5,220
5,689
6,290
Expenses
2,079
1,789
2,302
3,094
2,842
3,893
4,112
3,655
4,999
4,593
5,210
5,744
Operating Profit
-18
126
522
276
309
543
562
636
618
627
479
546
OPM %
-1%
7%
18%
8%
10%
12%
12%
15%
11%
12%
8%
9%
Other Income
30
41
-36
33
83
56
28
73
1,496
62
54
62
Interest
122
115
127
85
68
79
52
55
57
56
83
100
Depreciation
59
59
57
55
57
75
79
81
93
104
126
144
PBT
-169
-7
302
169
268
446
460
574
1,964
529
324
364
Tax %
-10%
-1%
16%
29%
19%
25%
36%
26%
9%
25%
27%
26%
Net Profit
-152
-7
253
119
216
335
295
424
1,792
395
238
269
EPS in Rs
-5.9
-0.28
9.81
4.62
8.38
13.52
12.19
17.54
81.86
18.05
11.11
12.28
Div. Payout %
0%
0%
0%
5%
8%
8%
14%
19%
4%
32%
22%
10%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
26
26
26
26
26
25
24
24
22
22
22
22
Reserves
633
561
810
921
1,115
1,314
1,532
1,889
2,643
2,879
3,089
3,321
Borrowings
1,472
1,678
1,721
1,240
1,684
1,530
990
1,575
929
1,424
1,980
2,161
Other Liabilities
834
740
554
850
985
1,181
1,078
815
865
799
1,124
1,017
Total Liabilities
2,965
3,006
3,111
3,036
3,810
4,050
3,624
4,303
4,459
5,124
6,215
6,521
Fixed Assets
875
862
858
847
842
1,087
1,073
1,077
1,470
1,517
2,334
2,398
CWIP
18
9
2
10
205
26
22
257
28
226
32
14
Investments
81
99
109
116
113
142
146
193
6
55
10
7
Other Assets
1,990
2,036
2,142
2,063
2,650
2,796
2,383
2,775
2,955
3,326
3,840
4,102
Total Assets
2,965
3,006
3,111
3,036
3,810
4,050
3,624
4,303
4,459
5,124
6,215
6,521
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-141
-93
145
621
-169
510
791
-173
397
100
-106
188
Investing
-33
-28
-39
-41
-215
-107
-108
-257
1,414
-359
-319
-163
Financing
172
119
-102
-583
394
-386
-704
442
-1,762
263
395
-16
Net Cash Flow
-2
-2
4
-3
11
17
-21
12
49
4
-30
9
Free Cash Flow
-180
-134
104
569
-407
394
704
-465
162
-255
-404
6
CFO/OP
758
-72
27
248
-40
107
152
-3
99
35
-5
42
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
41
48
36
34
27
29
16
23
25
24
33
32
Inventory Days
275
372
333
223
347
215
185
261
179
246
242
238
Days Payable
147
118
51
89
104
85
66
45
37
36
49
36
Cash Conversion Cycle
169
302
318
168
271
159
135
239
167
234
226
235
Working Capital Days
-25
-25
20
2
43
49
51
56
83
86
70
71
ROCE %
-2%
5%
21%
11%
13%
18%
19%
21%
18%
15%
9%
9%

Shareholding Pattern

As of Mar 2026
Promoters 60.98%
Public 18.77%
DIIs 8.21%
FIIs 7.44%
Others 4.60%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
68.43%
68.43%
68.43%
68.43%
68.43%
68.43%
68.26%
61.23%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
60.98%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.32%
4.42%
4.91%
4.84%
4.66%
5.17%
5.58%
6.21%
5.71%
6.96%
7.44%
DIIs
3.98%
5.15%
5.08%
5.02%
4.57%
4.60%
5.78%
8.09%
8.54%
7.81%
8.47%
8.46%
8.60%
8.82%
9.99%
9.71%
9.49%
8.87%
8.36%
8.52%
8.21%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
19.58%
18.34%
18.58%
17.38%
17.31%
17.03%
17.13%
18.94%
18.78%
19.89%
20.73%
20.99%
20.50%
20.23%
19.60%
19.44%
19.36%
19.40%
20.22%
18.91%
18.77%
Others
8.00%
8.08%
7.91%
9.17%
9.68%
9.94%
8.84%
11.74%
11.69%
11.32%
5.50%
5.14%
5.01%
5.13%
4.76%
4.70%
4.60%
4.54%
4.73%
4.63%
4.60%
No. of Shareholders
50,862
66,508
79,003
78,480
95,171
94,862
96,359
1,07,526
89,481
94,966
1,05,195
1,09,835
1,15,453
1,13,927
1,14,355
1,13,941
1,11,748
1,06,714
1,09,334
99,093
95,071

Documents

Frequently Asked Questions about Triveni Engineering and Industries Ltd

What does Triveni Engineering and Industries Ltd do?
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 ...
Where is Triveni Engineering and Industries Ltd (TRIVENI) listed?
Triveni Engineering and Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: TRIVENI and BSE: 532356. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Triveni Engineering and Industries Ltd belong to?
Triveni Engineering and Industries Ltd operates in the Fast Moving Consumer Goods sector within the Agricultural Food & other Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Triveni Engineering and Industries Ltd?
Triveni Engineering and Industries Ltd has a market capitalisation of approximately ₹9095.21 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Triveni Engineering and Industries Ltd?
The Price-to-Earnings (PE) ratio of Triveni Engineering and Industries Ltd is 32.58. 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 Engineering and Industries Ltd?
Over the past 52 weeks, Triveni Engineering and Industries Ltd has traded between a low of ₹317.55 and a high of ₹435. This range helps investors understand the stock's price volatility and recent trading levels.
Does Triveni Engineering and Industries Ltd pay dividends?
Yes, Triveni Engineering and Industries Ltd has a dividend yield of 0.36%. 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 Engineering and Industries Ltd?
Triveni Engineering and Industries Ltd has a Return on Equity (ROE) of 67.23%. 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 Engineering and Industries Ltd on Tapetide?
On Tapetide, you can view Triveni Engineering and Industries 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 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.

Website trivenigroup.com
CEO Mr. Dhruv Manmohan Sawhney
Employees 2,850
Listed 2005-12-13
Face Value ₹ 1
Issued Size 21,88,97,968

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