Triveni Turbine

₹554 3.7 | 0.7%

WEBSITE BSE:533655 NSE : TRIVENITURB 10 May, 16:01

Market Cap ₹17610 Cr.

Stock P/E 70.8

P/B 18.4

Current Price ₹554

Book Value ₹ 30.1

Face Value 1

52W High ₹597

Dividend Yield 0%

52W Low ₹ 311.9

Edit Ratio

Triveni Turbine Research see more...

Equity Research: Triveni Turbine

Overview Inc. Year: 1995Industry: Engineering - Industrial Equipments

Triveni Turbine ltd (TTL) is a holding organisation. The Company is involved in the production of steam turbines and components. It is also concerned in servicing, operation and renovation of steam turbines. It operates through Solutions segment and Power Generating Equipment. It offers back-pressure and condensing steam turbines over 100 megawatt (MW) that works across a number of pressure and flow packages. Its condensing steam mills include directly condensing type, bleed condensing kind and injection condensing type. Its back-pressure turbines include bleed back pressure and straight back pressure type. Its programs include co-generation, combined heat and power, waste heat recuperation and combined cycle power plant, incidental power generation from incineration, captive energy plant, independent power producer and non-conventional energy assets. Its subsidiaries comprises Triveni Turbine Europe Pvt Ltd (TTEPL), Triveni Turbine DMCC (TTD) and GE Triveni Ltd (GETL).

Triveni Turbine Share Price

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Triveni Turbine 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	206	225	237	259	293	326	370	376	388	432
Other Income	8	8	8	7	11	12	12	13	15	17
Total Income	214	234	244	266	304	338	382	390	402	449
Total Expenditure	167	180	195	210	237	263	303	306	313	348
Operating Profit	48	53	50	56	66	75	79	84	89	101
Interest	0	0	1	0	0	0	1	1	1	1
Depreciation	5	5	5	5	5	5	5	5	5	5
Exceptional Income / Expenses	198	0	0	0	0	0	0	0	0	0
Profit Before Tax	241	48	44	51	61	70	73	79	83	95
Provision for Tax	62	12	11	12	15	17	18	18	19	26
Profit After Tax	178	36	33	38	46	53	56	61	64	68
Adjustments	-5	0	-0	-0	-0	-0	-0	-0	0	-0
Profit After Adjustments	174	36	33	38	46	53	56	61	64	68
Adjusted Earnings Per Share	5.4	1.1	1	1.2	1.4	1.6	1.7	1.9	2	2.1

Triveni Turbine Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	665	518	651	713	745	751	840	818	703	852	1248	1566
Other Income	8	8	33	22	29	8	16	15	19	29	43	57
Total Income	673	526	684	735	774	759	856	832	722	882	1290	1623
Total Expenditure	503	410	526	554	577	592	687	660	553	688	1012	1270
Operating Profit	171	116	159	181	197	168	169	172	168	194	278	353
Interest	4	3	4	2	2	2	3	5	3	3	3	4
Depreciation	13	14	16	15	15	19	20	20	20	20	20	20
Exceptional Income / Expenses	0	0	-3	0	0	0	0	0	-19	198	0	0
Profit Before Tax	153	100	136	167	185	144	149	156	132	365	256	330
Provision for Tax	50	33	43	54	61	48	49	34	30	95	63	81
Profit After Tax	103	67	93	113	124	96	100	122	102	270	193	249
Adjustments	1	1	-3	0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	104	68	91	113	124	96	100	122	102	270	193	249
Adjusted Earnings Per Share	3.2	2.1	2.7	3.4	3.7	2.9	3.1	3.8	3.2	8.4	6.1	7.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	46%	15%	11%	6%
Operating Profit CAGR	43%	17%	11%	5%
PAT CAGR	-29%	17%	15%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	41%	77%	40%	23%
ROE Average	24%	26%	25%	38%
ROCE Average	32%	35%	34%	53%

Triveni Turbine Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	138	175	229	299	403	452	433	530	638	857	760
Minority's Interest	5	4	7	0	0	0	0	0	0	1	1
Borrowings	1	12	12	0	0	0	0	1	0	0	0
Other Non-Current Liabilities	60	14	12	14	16	12	21	17	12	12	16
Total Current Liabilities	287	367	361	264	224	288	287	274	293	465	562
Total Liabilities	491	572	621	578	644	753	741	822	942	1335	1340
Fixed Assets	119	111	155	132	232	226	254	246	248	247	269
Other Non-Current Assets	70	82	34	59	46	54	24	38	34	22	24
Total Current Assets	302	378	432	387	366	473	462	538	660	1066	1047
Total Assets	491	572	621	578	644	753	741	822	942	1335	1340

Triveni Turbine Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	12	30	9	4	29	18	12	27	66	37	33
Cash Flow from Operating Activities	70	37	71	140	82	91	148	188	187	433	196
Cash Flow from Investing Activities	1	-45	-34	-46	-74	-50	-8	-129	-214	-386	86
Cash Flow from Financing Activities	-53	-14	-37	-70	-19	-48	-124	-21	-2	-75	-288
Net Cash Inflow / Outflow	18	-21	-1	24	-10	-7	16	38	-29	-27	-6
Closing Cash & Cash Equivalent	30	9	8	29	18	12	27	66	37	33	30

Triveni Turbine Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	3.16	2.06	2.74	3.42	3.74	2.91	3.1	3.77	3.17	8.36	6.06
CEPS(Rs)	3.52	2.43	3.3	3.89	4.19	3.49	3.72	4.39	3.79	8.98	6.69
DPS(Rs)	0.8	0.75	0.85	1.1	1.2	1	0	0.5	1.2	2.55	0
Book NAV/Share(Rs)	4.11	5.3	6.93	9.07	12.23	13.7	13.41	16.4	19.72	26.49	23.92
Core EBITDA Margin(%)	23.36	20.16	18.75	21.43	21.92	21.18	18.24	19.28	21.25	19.3	18.86
EBIT Margin(%)	22.69	19.16	20.99	22.88	24.34	19.39	18.15	19.72	19.2	43.14	20.68
Pre Tax Margin(%)	22.07	18.67	20.43	22.59	24.11	19.09	17.78	19.07	18.8	42.8	20.48
PAT Margin (%)	14.87	12.5	13.97	15.28	16.14	12.74	11.93	14.89	14.58	31.7	15.46
Cash Profit Margin (%)	16.71	15.04	16.34	17.34	18.07	15.28	14.33	17.35	17.46	34.08	17.06
ROA(%)	25.47	12.57	15.63	18.85	20.23	13.74	13.42	15.58	11.62	23.74	14.42
ROE(%)	104.74	43.05	46.22	42.79	35.16	22.43	22.64	25.28	17.55	36.17	23.86
ROCE(%)	131.27	61.45	64.25	62.43	52.94	34.12	34.43	33.43	23.06	49.18	31.91
Receivable days	47.75	78.56	71.37	69.38	67.61	86.85	83.15	67.01	52.59	38.25	33.76
Inventory Days	38.22	60.87	67.44	71.97	72.14	79.12	86.37	86.93	86.33	68.81	52.91
Payable days	88.16	161.34	127.82	101.16	86.29	114.08	102.33	73.76	69.76	71.23	63
PER(x)	16.59	35.24	46.97	27.95	38.64	34.66	34.64	14.95	32.12	24.21	55.06
Price/Book(x)	12.77	13.7	18.6	10.55	11.83	7.36	8.01	3.43	5.16	7.64	13.94
Dividend Yield(%)	1.53	1.03	0.66	1.15	0.83	0.99	0	0.89	1.18	1.26	0
EV/Net Sales(x)	2.56	4.64	6.54	4.39	6.39	4.41	4.1	2.14	4.52	7.35	8.27
EV/Core EBITDA(x)	9.98	20.74	26.83	17.3	24.17	19.76	20.33	10.17	18.86	32.31	37.12
Net Sales Growth(%)	5.63	-22.15	25.64	9.55	4.44	0.87	11.84	-2.63	-14.1	21.3	46.39
EBIT Growth(%)	12.02	-35.12	36.8	20.85	10.15	-21.62	2.64	5.77	-16.35	183.56	-29.82
PAT Growth(%)	20.6	-35.44	39.61	21.2	9.36	-22.33	1.78	21.5	-15.86	177.95	-28.61
EPS Growth(%)	19.61	-34.87	33.28	24.8	9.36	-22.33	6.59	21.5	-15.86	163.69	-27.52
Debt/Equity(x)	0.01	0.11	0.06	0	0	0	0	0	0	0	0
Current Ratio(x)	1.05	1.03	1.2	1.47	1.63	1.64	1.61	1.96	2.25	2.29	1.86
Quick Ratio(x)	0.82	0.73	0.82	0.87	0.98	1.01	0.86	1.33	1.71	1.94	1.51
Interest Cover(x)	36.69	38.5	37.87	78.01	105.89	64.01	49.08	30.21	47.91	128.19	101.91
Total Debt/Mcap(x)	0	0.01	0	0	0	0	0	0	0	0	0

Triveni Turbine Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.78	67.78	67.78	55.94	55.94	55.84	55.84	55.84	55.84	55.84
FII	16.11	16.4	16.97	22.3	23.21	24.38	26.78	27.68	27.28	27.26
DII	12.65	12.23	11.55	16.08	15.47	15.13	12.56	11.66	12.49	12.71
Public	3.46	3.59	3.69	5.68	5.39	4.65	4.81	4.82	4.38	4.19
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	21.91	21.91	21.91	18.08	18.08	17.75	17.75	17.75	17.75	17.75
FII	5.21	5.3	5.49	7.21	7.5	7.75	8.51	8.8	8.67	8.67
DII	4.09	3.95	3.73	5.2	5	4.81	3.99	3.7	3.97	4.04
Public	1.12	1.16	1.19	1.84	1.74	1.48	1.53	1.53	1.39	1.33
Others	0	0	0	0	0	0	0	0	0	0
Total	32.33	32.33	32.33	32.33	32.33	31.79	31.79	31.79	31.79	31.79

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 26%
Debtor days have improved from 71.23 to 63days.
Company is almost debt free.

Cons

Stock is trading at 18.4 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.

Triveni Turbine News

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Triveni Turbine

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Triveni Turbine Research see more...

Overview Inc. Year: 1995Industry: Engineering - Industrial Equipments

Triveni Turbine Share Price

Alert Data

Quarterly Price

Peer Comparison

Triveni Turbine Quarterly Results

Triveni Turbine Profit & Loss

Growth Rates

Triveni Turbine Balance Sheet

Triveni Turbine Cash Flow

Triveni Turbine Ratios

Triveni Turbine Shareholding Pattern

Triveni Turbine News

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