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Swing Capital

Triveni Turbine Ltd

NSE: TRITURBINE BSE: 533655Energy

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]

₹595
52W: ₹428 — ₹675
PE 52.2 · Book ₹35.1 · +1595% vs book
Market Cap₹18,928 Cr
Stock P/E52.2Price to Earnings
ROCE47.6%Return on Capital
ROE36.5%Return on Equity
Div. Yield0.65%Face Value ₹1

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 25.6% CAGR over last 5 years
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 28.2%
  • +Company has been maintaining a healthy dividend payout of 29.6%

Weaknesses

  • −Stock is trading at 17.1 times its book value
  • −Debtor days have increased from 46.0 to 72.0 days.

Shareholding Pattern

Promoters55.84%
FIIs20.81%
DIIs16.52%
Public6.83%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%
FIIs27.51%28.09%▲0.628.34%▲0.328%▼0.325.45%▼2.623.6%▼1.822.38%▼1.220.81%▼1.6
DIIs12.33%11.49%▼0.810.92%▼0.610.63%▼0.312.15%▲1.513.88%▲1.714.6%▲0.716.52%▲1.9
Public4.32%4.59%▲0.34.9%▲0.35.52%▲0.66.57%▲1.16.67%▲0.17.17%▲0.56.83%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales327368382395469441490345479584
Expenses268297315313360341372268360448
Operating Profit597268821099911977119136
OPM %18%19%18%21%23%23%24%22%25%23%
Net Profit495958699012194679695
EPS ₹1.531.851.842.182.833.822.952.1132.99

AI Insights

Revenue Trend

TTM revenue at ₹1,898Cr, up 5.7% YoY. OPM at 24%.

Debt Position

Borrowings at ₹2Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Capex Cycle

CWIP at ₹4Cr (1% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 16.52% (+3.96pp change). FIIs: 20.81% (-5.98pp change). Promoters hold 55.84%.

Margin & Efficiency

ROCE declining from 61% (Mar 2014) to 48% (Mar 2025). Working capital days: 57.

Valuation

PE 52.2x with 47.6% ROCE. Price is 1595% above book value of ₹35.1. Dividend yield: 0.65%.

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