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Triveni Turbine

TRITURBINE NSE
₹499.00 +13.15 (+2.71%)
P/E
47.12
View as Markdown
MCP
Close 4 Nov 2026 ₹499.00 −27.25 −5.18% 1Y
Start ₹526.25

Key Fundamentals

SmallcapElectrical EquipmentCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
34.10%
Debt to Equity
0.02
EPS (TTM)
₹10.59
Book Value
₹45.49
Market Cap
—
P/E (TTM)
47.12
P/B
10.97
ROE
25.20%
Dividend Yield
0.87%
EBITDA
₹527 Cr
52W High
₹787.60
52W Low
₹428.35
Day Range
₹473.40 – ₹500.70
Volume
4,01,022

Peer Comparison

Industrials › Capital Goods › Electrical Equipment › Heavy Electrical Equipment

Triveni Turbine peer comparison
Bharat Heavy Electricals
₹423.8551.25₹1,46,351 Cr5.520.35%6.23%9.14%₹37,782 Cr₹2,878 Cr
ABB
₹6,750.0047.87₹1,40,908 Cr15.321.36%22.40%29.90%₹13,477 Cr₹2,988 Cr
CG Power & Industrial Solutions
₹841.4596.28₹1,27,312 Cr15.170.16%20.50%26.70%₹13,699 Cr₹1,364 Cr
Hitachi Energy
₹29,100.00112.75₹1,24,045 Cr25.060.03%21.90%29.40%₹9,162 Cr₹1,149 Cr
Siemens
₹3,509.00—₹1,22,035 Cr9.030.53%19.20%21.40%₹18,062 Cr₹3,276 Cr
GE Vernova T&D
₹4,265.0083.66₹1,04,523 Cr33.150.25%57.40%77.40%₹6,712 Cr₹1,305 Cr
Siemens Energy
₹2,963.0070.90₹1,01,562 Cr21.930.14%50.50%67.80%₹9,436 Cr₹1,489 Cr
Triveni Turbine (this company)
₹499.0047.12₹15,466 Cr10.970.87%25.20%34.10%₹2,252 Cr₹336 Cr
Median 8 companies₹3,236.0070.90₹1,23,040 Cr15.250.30%22.15%29.65%₹11,457 Cr₹1,427 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
39
Weak
Cheap vs sector & own history 24% weight
Growth
52
Average
Sales & profit trajectory 9% weight
Financial Health
80
Strong
Solvency, leverage, coverage 9% weight
Momentum
22
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 11.4 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

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallNeutral757
OscillatorsBullish153
Moving AveragesStrong Bearish604

Key readings

RSI (14)
50.15
Neutral
MACD (12,26,9)
−16.07
Bullish
SMA (50)
531.14
Bearish
SMA (200)
557.19
Bearish

As of

Analyst Rating

Based on 8 analysts
BUY63%

5 of 8 analysts rate Buy, 2 Hold, 1 Sell.

As of

BUY
5
63%
HOLD
2
25%
SELL
1
13%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+11.83%
5Y+25.41%
3Y+20.45%
1Y+8.72%
TTM+17.77%

Net profit

Net profit growth by window
10Y+11.94%
5Y+27.89%
3Y+21.83%
1Y−2.79%
TTM−2.04%

Operating cash flow

Operating cash flow growth by window
10Y−2.29%
5Y−9.91%
3Y−17.27%
1Y−40.64%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.72 pp
5Y−0.47 pp
3Y+1.89 pp
1Y−1.16 pp
TTM−2.69 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹745 Cr
Mar 2018₹751 Cr
Mar 2019₹840 Cr
Mar 2020₹818 Cr
Mar 2021₹703 Cr
Mar 2022₹852 Cr
Mar 2023₹1,248 Cr
Mar 2024₹1,654 Cr
Mar 2025₹2,006 Cr
Mar 2026₹2,181 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹124 Cr
Mar 2018₹96.00 Cr
Mar 2019₹100 Cr
Mar 2020₹122 Cr
Mar 2021₹102 Cr
Mar 2022₹270 Cr
Mar 2023₹193 Cr
Mar 2024₹269 Cr
Mar 2025₹359 Cr
Mar 2026₹349 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹88.20 Cr +10.7% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk medium

Triveni Turbine Ltd trades at ₹492.9 as of 2026-11-02, with a market cap of ₹15,535.7 crore. The company is virtually debt-free with a debt-to-equity ratio of 0.02 and has delivered a 5-year compounded profit growth of 25%, though TTM profit growth has slowed to 2% and the stock trades at a P/E of 46.54 and 10.84 times book value.

Bull Case 8
  • The company is virtually debt-free with a debt-to-equity ratio of just 0.02, providing significant financial flexibility and low balance-sheet risk.
  • Strong return on equity of 24.17% (current) and a 3-year average ROE of 27%, indicating efficient capital deployment well above cost of equity.
  • ROCE stands at 31.91%, reflecting high-quality earnings and strong operating efficiency in a capital goods business.
  • Compounded profit growth of 25% over both 3-year and 5-year periods demonstrates sustained earnings momentum.
  • Revenue has compounded at 25% over 5 years and 20% over 3 years, showing consistent top-line expansion.
  • TTM sales growth remains healthy at 18%, suggesting continued demand traction even as the base has scaled up.
  • The company has maintained a healthy dividend payout ratio of 38.9%, returning meaningful cash to shareholders despite being in a growth phase.
  • The stock has delivered a 10-year CAGR of 16% and a 5-year CAGR of 25%, reflecting long-term wealth creation.
Bear Case 7
  • At a trailing P/E of 46.54, the stock is richly valued relative to its TTM profit growth of just 2%, implying a significant growth premium that may be hard to sustain.
  • TTM profit growth has decelerated sharply to 2% from a 3-year CAGR of 25%, signalling a potential earnings growth slowdown.
  • Debtor days have increased from 70.8 to 107 days, indicating slower collections and potential stress on receivables management.
  • Working capital days have nearly tripled from 26.3 to 71.2 days, tying up more capital in operations and pressuring free cash flow generation.
  • The stock is down roughly 37% from its 52-week high of ₹787.6, reflecting a significant de-rating that may indicate shifting market sentiment.
  • The 1-year stock CAGR is -1%, underperforming the broader market and suggesting the premium valuation is being questioned.
  • A dividend yield of just 0.9% offers limited income cushion for investors during periods of price correction.

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

AI News Digest

4d ago

TL;DR: Limited recent news flow for Triveni Turbine, with the only development being the resignation of COO Sachin Parab. While the departure of a senior operational leader warrants monitoring, it is not necessarily indicative of deeper issues given that personal reasons were cited. The key watch item going forward is whether a capable successor is appointed promptly to maintain operational continuity.

Headwinds 1
  • COO resignation creates leadership gap Oct 01

    Chief Operating Officer Sachin Parab resigned effective October 1, 2026, citing personal reasons. Loss of a key operational leader could create short-term execution uncertainty.

Neutral 1
  • COO Sachin Parab resigns Oct 01

    Triveni Turbine announced the resignation of COO Sachin Parab effective October 1, 2026, citing personal reasons.

Quarterly Results

₹ Cr
TRITURBINE quarterly results, ₹ crore
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
14.55
17
17.11
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
5.48
5
6
6
6
8
8
8
9
9
9
PBT
79
83
95
101
108
124
125
132
87
125
128
135
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 (₹)
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

₹ Cr
TRITURBINE profit and loss, annual, ₹ crore
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
474
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 (₹)
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%
—

Balance Sheet

₹ Cr
TRITURBINE balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
TRITURBINE cash flow, annual, ₹ crore
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

Ratios

TRITURBINE financial ratios, annual
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

Log in to view Triveni Turbine insights

64 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 55.84%
  • FIIs 18.39%
  • DIIs 17.85%
  • Public 6.55%
  • Others 1.38%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

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. It was a division of Triveni Engineering & Industries Ltd since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.
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 Capital Goods sector, in the Electrical Equipment industry.
What is the PE ratio of Triveni Turbine Ltd?
Triveni Turbine Ltd trades at a PE ratio of 47.12 as of 4 Nov 2026, on earnings per share of ₹10.59, 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 as of 4 Nov 2026.
Does Triveni Turbine Ltd pay dividends?
Triveni Turbine Ltd has a dividend yield of 0.87%.
What is the Return on Equity (ROE) of Triveni Turbine Ltd?
Triveni Turbine Ltd reported a return on equity of 25.20%. 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. It was a division of Triveni Engineering & Industries Ltd since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.

Website triveniturbines.com
CEO Mr. Dhruv Manmohan Sawhney
Employees 928
Listed 28 Oct 2011
Face Value ₹1

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