Triton Valves

₹2540 28.5 | 1.1%

WEBSITE BSE:505978 NSE : TRITON VALVE 18 May, 12:50

Market Cap ₹301 Cr.

Stock P/E -443.2

P/B 3.1

Current Price ₹2540

Book Value ₹ 831

Face Value 10

52W High ₹3595

Dividend Yield 0%

52W Low ₹ 1147

Edit Ratio

Triton Valves Research see more...

Overview Inc. Year: 1975Industry: Auto Ancillary

Triton Valves Ltd is a reputable company specializing in the design, manufacturing, and distribution of high-quality industrial valves. With a rich history dating back to its establishment, Triton Valves has earned a strong presence in the global valve industry. The company is renowned for its commitment to innovation and cutting-edge technology, consistently delivering products that meet the highest standards of performance, reliability, and safety. Triton Valves offers a diverse range of valves, including gate valves, ball valves, butterfly valves, and more, catering to various industries such as oil and gas, petrochemicals, water treatment, and power generation. Their dedication to customer satisfaction is evident through exceptional customer service and a focus on customization to meet specific client needs. Triton Valves Ltd has earned a stellar reputation for excellence, making it a trusted partner for businesses worldwide seeking top-tier valve solutions.

Triton Valves Share Price

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Peer Comparison

Triton Valves Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	84	88	85	90	86	89	97	106	102	115
Other Income	1	0	0	0	0	0	0	0	0	0
Total Income	85	88	85	90	87	90	97	106	103	115
Total Expenditure	84	82	78	84	83	89	92	99	95	107
Operating Profit	1	7	7	6	3	1	4	7	8	8
Interest	2	2	2	2	3	3	4	3	3	3
Depreciation	3	3	3	3	3	3	4	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-4	1	1	1	-2	-5	-3	1	1	1
Provision for Tax	-1	0	1	0	-0	-1	-0	1	0	0
Profit After Tax	-3	1	1	1	-2	-5	-2	1	1	1
Adjustments	0	0	-0	-0	0	0	-0	-0	0	0
Profit After Adjustments	-3	1	1	1	-2	-5	-2	1	1	1
Adjusted Earnings Per Share	-31.6	5.5	5.1	6.7	-20.7	-45.6	-23.9	5.6	5.9	6.7

Triton Valves Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	214	230	322	362	420
Other Income	1	2	1	1	0
Total Income	215	232	323	363	421
Total Expenditure	191	207	304	348	393
Operating Profit	23	25	19	15	27
Interest	5	4	8	12	13
Depreciation	11	11	13	13	13
Exceptional Income / Expenses	0	0	0	0	0
Profit Before Tax	7	10	-2	-10	0
Provision for Tax	2	2	1	-1	1
Profit After Tax	5	8	-3	-9	1
Adjustments	0	0	0	0	0
Profit After Adjustments	5	8	-3	-9	1
Adjusted Earnings Per Share	52.9	75.7	-28.3	-83.3	-5.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	12%	19%	0%	0%
Operating Profit CAGR	-21%	-13%	0%	0%
PAT CAGR	0%	NAN%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	76%	41%	20%	22%
ROE Average	-11%	-2%	0%	0%
ROCE Average	1%	4%	5%	5%

Triton Valves Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	78	86	81	72
Minority's Interest	0	0	0	0
Borrowings	3	18	18	30
Other Non-Current Liabilities	3	7	10	9
Total Current Liabilities	77	113	133	139
Total Liabilities	161	224	241	249
Fixed Assets	57	88	90	94
Other Non-Current Assets	13	17	23	21
Total Current Assets	91	118	128	135
Total Assets	161	224	241	249

Triton Valves Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	11	13	2
Cash Flow from Operating Activities	22	6	-9	16
Cash Flow from Investing Activities	-12	-38	-16	-15
Cash Flow from Financing Activities	-0	34	15	-4
Net Cash Inflow / Outflow	10	2	-11	-2
Closing Cash & Cash Equivalent	11	13	2	0

Triton Valves Ratios

#	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	52.9	75.75	-28.26	-83.27
CEPS(Rs)	163.17	181.27	99.29	38.36
DPS(Rs)	15	20	5	0
Book NAV/Share(Rs)	751.64	829.53	774.93	687.78
Core EBITDA Margin(%)	10.54	10.08	5.7	3.92
EBIT Margin(%)	5.66	6.08	1.8	0.6
Pre Tax Margin(%)	3.45	4.22	-0.73	-2.62
PAT Margin (%)	2.55	3.39	-0.91	-2.38
Cash Profit Margin (%)	7.86	8.12	3.2	1.1
ROA(%)	3.38	4.06	-1.27	-3.53
ROE(%)	7.04	9.58	-3.54	-11.39
ROCE(%)	8.85	8.74	3.02	1.08
Receivable days	58.94	62.57	51.51	50.48
Inventory Days	59.98	62.81	63.61	69.05
Payable days	47.23	56.93	45	41.56
PER(x)	7.8	12.69	0	0
Price/Book(x)	0.55	1.16	1.48	2.1
Dividend Yield(%)	3.64	2.08	0.44	0
EV/Net Sales(x)	0.42	0.8	0.74	0.77
EV/Core EBITDA(x)	3.87	7.4	12.47	18.89
Net Sales Growth(%)	0	7.5	40.05	12.57
EBIT Growth(%)	0	15.51	-58.35	-62.59
PAT Growth(%)	0	43.19	-137.68	-194.6
EPS Growth(%)	0	43.19	-137.31	-194.6
Debt/Equity(x)	0.76	1.14	1.52	1.83
Current Ratio(x)	1.17	1.04	0.97	0.97
Quick Ratio(x)	0.72	0.65	0.45	0.47
Interest Cover(x)	2.56	3.27	0.71	0.19
Total Debt/Mcap(x)	1.39	0.99	1.02	0.87

Triton Valves Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.4	52.85	52.85	52.85	52.85	52.85	52.85	52.85	52.85	52.85
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	47.6	47.15	47.15	47.15	47.15	47.15	47.15	47.15	47.15	47.15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Others	0	0	0	0	0	0	0	0	0	0
Total	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1

Pros

Debtor days have improved from 45 to 41.56days.

Cons

Company has a low return on equity of -2% over the last 3 years.
Stock is trading at 3.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.