Triveni Turbine logo

Triveni Turbine

TRITURBINE NSE

Key Fundamentals

SmallcapElectrical EquipmentCapital Goods
Market Cap
₹17,646 Cr
Volatility
Moderate
P/E Ratio
53.79
EBITDA
₹527 Cr
Return on Equity
24.17%
Debt to Equity
0.02
Book Value
₹45.49
EPS
₹9.07
52W High
₹787.6
52W Low
₹428.35

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

4
  • Company is almost debt free.
  • Company has delivered good profit growth of 25.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.3%
  • Company has been maintaining a healthy dividend payout of 38.9%

Weaknesses

3
  • Stock is trading at 12.5 times its book value
  • Debtor days have increased from 70.8 to 107 days.
  • Working capital days have increased from 26.3 days to 71.2 days

Growth Rate

Revenue Growth
8.18% lower than 3Y
Net Income Growth
-2.54% lower than 3Y
Cash Flow Change
-40.58% higher than 3Y
ROE
-17.82% lower than 3Y
ROCE
-17.4% lower than 3Y
EBITDA Margin (Avg.)
-5.97% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2h ago
AI opinion · based on fundamentals
Risk medium

Triveni Turbine Ltd is a nearly debt-free industrial company with a market cap of ₹17,646 Cr, trading at a PE of 53.1x and 12.3x book value. The company has delivered 25% compounded profit growth over 5 years with a consistent ROE of 24-27% over the last 3-10 year periods, but recent TTM profit growth has decelerated sharply to 2% while working capital days have nearly tripled from 26.3 to 71.2 days.

Bull Case 7
  • Company is virtually debt-free, providing financial resilience and flexibility for future capital allocation or expansion without interest burden
  • Strong 5-year compounded profit CAGR of 25%, demonstrating sustained earnings growth over a meaningful period
  • Consistent return on equity track record with 3-year ROE at 27%, 5-year at 24%, and 10-year at 24%, indicating durable capital efficiency
  • Compounded sales growth of 20% over 3 years and 25% over 5 years reflects robust top-line momentum in the industrial turbine segment
  • Healthy dividend payout ratio of 38.9% with a current yield of 0.76%, showing management commitment to returning capital to shareholders
  • 10-year stock price CAGR of 17% and 5-year CAGR of 33% indicate long-term wealth creation for shareholders
  • TTM sales growth of 18% suggests continued revenue traction even in the most recent period
Bear Case 7
  • PE ratio of 53.1x is significantly elevated relative to broader market and industrial sector averages, leaving limited margin of safety
  • Price-to-book ratio of 12.3x is exceptionally high, meaning the stock trades at a steep premium to its net asset value
  • TTM compounded profit growth has decelerated sharply to just 2%, a steep drop from the 25% 3-year and 5-year CAGR, raising questions about near-term earnings momentum
  • Debtor days have increased from 70.8 to 107 days, indicating slower collections and potential strain on receivables management
  • Working capital days have surged from 26.3 to 71.2 days, a near 2.7x increase that ties up more cash in operations and could pressure free cash flows
  • Dividend yield of 0.76% is modest for an industrial stock trading at such premium valuations, offering limited income cushion
  • 1-year stock CAGR of only 7% suggests recent price momentum has weakened considerably compared to the 33% 5-year CAGR

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Neutral 2
  • AGM approves ₹2 dividend Sep 9

    Triveni Turbine held its 31st AGM on Sep 9, 2026, approving a final dividend of ₹2 per share and re-appointing key directors via VC/OAVM.

  • Investor plant visit scheduled Sep 2

    Triveni Turbines scheduled a physical investor meet and plant visit at its Sompura facility in Bengaluru on Sep 8, 2026, as part of a UBS India Industrial field trip. No UPSI was shared.

TL;DR: A quiet period for Triveni Turbine with only routine corporate events — an AGM with a modest ₹2/share dividend and a UBS-hosted plant visit for institutional investors. No material headwinds or positive catalysts emerged. The investor engagement signals continued institutional interest, but the near-term outlook depends on upcoming order inflow and earnings updates.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
1,729
1,826
Operating Profit
125
160
168
157
153
158
149
161
235
321
439
452
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
5
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%
39%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
1,037
Total Liabilities
575
578
646
755
744
826
948
1,352
1,357
1,670
2,039
2,518
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
1,834
Total Assets
575
578
646
755
744
826
948
1,352
1,357
1,670
2,039
2,518
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
33
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
2
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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
84
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
15
Working Capital Days
21
42
60
81
64
31
-6
-57
-48
-39
47
71
ROCE %
63%
57%
52%
34%
34%
32%
25%
21%
29%
38%
41%
34%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others1.30%Promot.55.84%Public6.30%DIIs15.98%FIIs20.58%As ofJun 2026

Documents

Frequently Asked Questions about Triveni Turbine

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 trades as TRITURBINE on the NSE and under code 533655 on the BSE.
Which sector does Triveni Turbine Ltd belong to?
Triveni Turbine Ltd is classified under the Industrials sector, in the Electrical Equipment industry.
What is the market capitalisation of Triveni Turbine Ltd?
Triveni Turbine Ltd has a market capitalisation of ₹17,646 Cr, which places it in the Mid Cap band.
What is the PE ratio of Triveni Turbine Ltd?
Triveni Turbine Ltd trades at a PE ratio of 53.79, on earnings per share of ₹9.07, against a book value of ₹45.49 per share.
What is the 52-week high and low of Triveni Turbine Ltd?
Over the last 52 weeks Triveni Turbine Ltd has traded between ₹428.35 and ₹787.6.
Does Triveni Turbine Ltd pay dividends?
Triveni Turbine Ltd has a dividend yield of 0.76%.
What is the Return on Equity (ROE) of Triveni Turbine Ltd?
Triveni Turbine Ltd reported a return on equity of 24.17%. Its debt-to-equity ratio is 0.02.

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

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