MarketFriction

Triveni Turbine Ltd

NSE TRITURBINE · BSE 533655 · Heavy Electrical Equipment
₹530.00 -1.74%
NSE close2026-10-01
52 week range428.35 - 787.60
Market cap₹17,279 Cr.
P/E49.8
Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 70.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales388432458463501503538371506624680443
Expenses314348368368390394418298392491552391
Operating Profit748490961111091207411513312851
OPM %19%19%20%21%22%22%22%20%23%21%19%12%
Other Income14171819202220221841628
Interest111110110111
Depreciation565666888999
Profit before tax83951021081241251328712512713470
Tax %23%28%25%25%27%26%28%26%27%28%24%27%
Net Profit6468768091939564919210251
EPS in Rs2.022.152.392.522.862.912.952.032.872.903.211.61
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7137457518408187038521,2481,6542,0062,1812,252
Expenses5535775946876605536921,0121,3331,5661,7291,826
Operating Profit160168157153158149161235321439452427
OPM %22%23%21%18%19%21%19%19%19%22%21%19%
Other Income25338192462274362816167
Interest222353335652
Depreciation151519202020202021263436
Profit before tax167185144149156132365256358489473456
Tax %32%33%33%33%22%22%26%25%25%27%26%
Net Profit11312496100122102270193269359349336
EPS in Rs3.423.742.913.103.773.178.366.068.4711.2411.0010.59
Dividend Payout %32%32%34%0%13%38%23%0%43%36%39%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%25%20%18%
Compounded Profit Growth12%25%25%2%
Stock Price CAGR16%26%7%5%
Return on Equity24%24%27%25%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333232323232323232
Reserves1962663704194014986058247299281,1851,414
Borrowings131000142433936
Other Liabilities3332782423033112953074935937077831,037
Total Liabilities5755786467557448269481,3521,3571,6702,0392,518
Fixed Assets155132232226254246248247269283323363
CWIP63310395713511917
Investments2320172019152296478379458348304
Other Assets3913933864724664204036247039281,3481,834
Total Assets5755786467557448269481,3521,3571,6702,0392,518
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity711408291148188187433196271187111
Cash from Investing Activity-34-46-75-49-8-128-214-36389-195-733
Cash from Financing Activity-37-70-19-48-124-21-2-75-288-76-111-141
Net Cash Flow-124-11-61539-29-5-3-1692
Free Cash Flow6097-14413317617441915724014439
CFO/OP93%118%83%90%128%145%147%326%110%107%71%53%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days83687410176564043383966107
Inventory Days1291431381741711461701381221087884
Days Payable1268288139915176856478125176
Cash Conversion Cycle851291241361571511349796702015
Working Capital Days214260816431-6-57-48-394771
ROCE %63%57%52%34%34%32%25%21%29%38%41%34%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%55.84%
FIIs27.68%27.28%27.26%27.51%28.09%28.34%28.00%25.45%23.60%22.38%20.81%20.58%
DIIs11.66%12.49%12.71%12.33%11.49%10.92%10.63%12.15%13.88%14.60%16.52%15.99%
Public4.82%4.39%4.18%4.32%4.59%4.90%5.52%6.57%6.67%7.17%6.83%7.60%
No. of Shareholders88,41883,60591,4201,07,6241,27,9441,49,5531,68,7531,75,9341,84,5731,72,0091,58,5601,53,675

Fundamentals

Market Cap₹ 17,279 Cr.
Current Price₹ 544
Stock P/E49.8
Book Value₹ 45.5
ROCE34.1 %
ROE25.2 %
Dividend Yield0.78 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)2%
Consolidated figures.
Valuation
Market capRs 16,848 Cr
Enterprise valueRs 16,606 Cr
P/E (TTM)50.10x
Price to book11.65x
Price to sales7.48x
EV / EBITDA33.63x
EV / EBIT36.26x
EV / sales7.37x
Price to cash flow151.86x
Earnings yield2.00%
Dividend yield0.80%
P/E, 3-year average51.18x
P/B, 3-year average14.06x
P/E, 5-year average46.54x
P/B, 5-year average12.75x
Profitability
Operating margin (excl. other income)20.71%
Operating margin (incl. other income)23.50%
EBITDA margin21.92%
Pre-tax margin20.23%
Net profit margin14.93%
Net margin, latest quarter11.54%
ROE26.27%
ROCE34.96%
ROA15.35%
ROE, 3-year average30.13%
ROCE, 3-year average40.52%
ROA, 3-year average17.46%
ROE, 5-year average30.07%
ROCE, 5-year average40.48%
ROA, 5-year average18.02%
ROIC (approx.)28.10%
Tax rate26.14%
Other income / net worth4.21%
Growth
Sales growth (latest year)8.74%
Profit growth (latest year)-2.09%
Sales CAGR, 3 years20.47%
Sales CAGR, 5 years25.43%
Profit CAGR, 3 years22.01%
Profit CAGR, 5 years27.83%
Sales growth QoQ-34.86%
Profit growth QoQ-49.85%
Sales growth YoY (latest quarter)19.23%
Profit growth YoY (latest quarter)-20.78%
Per share
EPS (TTM)Rs 10.58
EPS (latest year)Rs 11.00
EPS (latest quarter)Rs 1.61
EPS, 3-year averageRs 10.23
EPS, 5-year averageRs 9.02
Book value per shareRs 45.49
Sales per shareRs 70.86
Cash flow per shareRs 3.49
Free cash flow per shareRs 1.23
Dividend per share (latest year)Rs 4.25
Dividend per share, 3-year averageRs 3.95
Dividend per share, 5-year averageRs 3.45
Dividends
Dividend payout38.64%
Dividend payout, 3-year average38.92%
Dividend payout, 5-year average35.02%
Efficiency
Asset turnover0.87x
Fixed asset turnover6.01x
Inventory turnover4.85x
Inventory days75 days
Debtor days107 days
Debtors turnover3.41x
Creditor days176 days
Cash conversion cycle15 days
Working capital days71 days
Leverage
Total debtRs 36 Cr
Cash and bankRs 278 Cr
Net debtRs -242 Cr
Debt to equity0.02x
Net debt / EBITDA-0.49x
Interest coverage190.83x
Current ratio (filing 2026-03-31)1.98x
Quick ratio (filing 2026-03-31)1.74x
Trade payables (filing 2026-03-31)Rs 558 Cr
Owners' fund to total sources57.42%
Debt to assets1.42%
Cash flow
Cash from Operating Activity (latest year)Rs 111 Cr
Cash from Investing Activity (latest year)Rs 33 Cr
Cash from Financing Activity (latest year)Rs -141 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 39 Cr
FCFE (approx.: FCF + change in debt)Rs 36 Cr
Cash from ops / profit, 5 years0.83x
Sales to cash flow19.66x
Statement figures
Net sales (TTM)Rs 2,252 Cr
Net sales (latest year)Rs 2,181 Cr
Sales (latest quarter)Rs 443 Cr
Operating profit excl. other income (latest year)Rs 452 Cr
Operating profit (latest quarter)Rs 51 Cr
Other income (TTM)Rs 67 Cr
EBITDA (TTM)Rs 494 Cr
PBDT (TTM)Rs 491 Cr
Profit before tax (TTM)Rs 456 Cr
Tax (latest year)Rs 124 Cr
Net profit (TTM)Rs 336 Cr
Net profit (latest year)Rs 350 Cr
Net profit (latest quarter)Rs 51 Cr
Depreciation (TTM)Rs 36 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1,290 Cr
Total expenditure (latest year)Rs 1,729 Cr
Total income (latest year)Rs 2,242 Cr
Share capitalRs 32 Cr
ReservesRs 1,414 Cr
Shareholders' fundsRs 1,446 Cr
Total assetsRs 2,518 Cr
Net blockRs 363 Cr
Capital work in progressRs 17 Cr
InvestmentsRs 304 Cr
ReceivablesRs 639 Cr
InventoryRs 266 Cr
Other liabilitiesRs 1,037 Cr
Shares outstanding (crore)31.79
Ownership
Promoter holding55.84% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 50.1 is at the 65th percentile of its own 9.4-year range (median 38.2, low 16.3, high 97.0).
P/B 11.65 is at the 61th percentile (median 10.08).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTRITURBINENifty 50Difference
1 week-4.0%-2.8% -1.2 pts
1 month-8.4%-6.8% -1.6 pts
3 months-19.4%-7.6% -11.8 pts
6 months+20.5%+0.4% +20.1 pts
1 year+2.7%-9.9% +12.6 pts
2 years-28.1%-13.6% -14.6 pts
3 years+20.9%+14.2% +6.7 pts
5 years+204.8%+27.9% +176.9 pts
94 mutual fund schemes hold about ₹3,264 Cr. Over three months 17 bought more and 20 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund0.39%220 +1%
Nippon India Power & Infra Fund2.21%177 +5%
ICICI Pru Energy Opportunities Fund1.95%161 -3%
ICICI Pru Multi Cap Fund0.80%156 +54%
ICICI Pru Multi Cap Fund0.80%150 +54%
ICICI Pru Small Cap Fund1.45%143 +2%
ICICI Pru Small Cap Fund1.45%139 +2%
HSBC Midcap Fund0.73%126 +37%
Canara Rob Small Cap Fund0.82%120 -16%
ICICI Pru Business Cycle Fund0.75%119 +6%
Nippon India Small Cap Fund0.13%107 -1%
ICICI Pru Infrastructure Fund1.14%98 +4%
SBI Midcap Fund0.36%89 +100%
SBI Midcap Fund0.36%88 +100%
Mirae Asset Small Cap Fund1.45%83 +10%
Edelweiss Mid Cap Fund0.41%82 -7%
UTI Mid Cap Fund0.64%82 +707%
Mahindra Manulife Mid Cap Fund1.36%73 -2%
Edelweiss Small Cap Fund1.01%73 -6%
Axis Large & Mid Cap Fund0.42%73 -1%
Axis Large & Mid Cap Fund0.42%71 -1%
ICICI Pru Manufacturing Fund0.98%71 -1%
PGIM India Midcap Fund0.58%65 +2%
Aditya Birla SL Multi-Cap Fund0.85%64 -3%
HSBC Large & Mid Cap Fund1.08%64 -6%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 76% vs sales +9% in 2026
lookAuditor change Auditor change 2026-05-18: Triveni Turbine Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹443 Cr +19.4% vs Jun 2025. Net profit ₹51 Cr -20.3%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-02Dividend - Rs 2 Per Share
2026-02-09Interim Dividend - Rs 2.25 Per Share
2025-09-01Dividend - Rs 2 Per Share
2025-02-06Interim Dividend - Rs 2 Per Share
2024-09-06Dividend - Rs 1.30 Per Share
2024-09-06Annual General Meeting
2024-02-16Interim Dividend - Rs 1.30 Per Share/ Special Dividend - Re 1 Per Share
2022-12-22Buy Back
2022-08-11Dividend - Re 0.85 Per Share/ Special Dividend - Re 0.70 Per Share
2021-11-08 Interim Dividend - Rs 0.40 Per Share/ Special Dividend - Rs 0.60 Per Share
2021-09-07 Dividend - Rs 1.20 Per Share
2019-11-14 Interim Dividend - Rs 0.50 Per Share
2018-12-27 Buy Back
2018-09-05 Dividend Re 0.55 Per Share
2017-11-20 Interim Dividend - Re 0.45 Per Share
2017-08-03 Dividend - Re 0.75/- Per Share
2016-08-18 Interim Dividend - Re 0.45/- Per Share
2016-03-22 Interim Dividend - Re 0.70/- Per Share (Purpose Revised)
2015-11-19 Interim Dividend - Re 0.40/- Per Share
2015-07-31Final Dividend - Re 0.60/- Per Share
2014-09-17Interim Dividend - Re 0.25/- Per Share
2014-08-01Annual General Meeting / Final Dividend - Re 0.55/- Per Share
2013-11-18Interim Dividend - Re 0.20/- Per Share
2013-07-24Final Dividend Re.0.55 Per Share
2012-11-08Interim Dividend Re 0.25 Per Share
2012-07-10Dividend - Re.0.20 Per Share
2012-01-242nd Interim Dividend Re.0.20 Per Share
2011-11-08Interim Dividend Re.0.25 Per Share
DateTypeWhat it says
2026-10-01ResignationResignation of Director/KMP/SMP
2026-10-01ResignationResignation of Mr. Sachin Parab as Chief Operating Officer of the company w.e.f. October 01, 2026.
2026-09-25ESOPAllotment of 2000 Shares.
2026-09-18Credit RatingCredit Rating
2026-09-09Shareholder meetingVoting results.
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026
2026-09-02Concall / analyst meetSchedule of meet
2026-08-18ESOPAllotment of 3480 Shares under ESOP Scheme.
2026-08-17Concall / analyst meetTranscript
2026-08-14UpdatesBusiness Responsibility and Sustainability Report for FY 2025-26 along with Independent Assurance Report on BRSR Core indicators.
2026-08-14Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-11Concall / analyst meetLink of Recording
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Press ReleaseA press release dated August 10, 2026, titled "Investors brief for Q1 FY27".
2026-08-10Giving guarantees/indemnity/Issuance of Corporate Guarantees by the Company in connection with the working capital facility (non-fund based) to be availed by Triveni Turbines FZC...
2026-08-10Board meeting outcomeOutcome of Board Meeting held on August 10, 2026 regarding Issuance of Corporate Guarantees.
2026-08-10Board meeting outcomeTriveni Turbine Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-04Concall / analyst meetSchedule of meet
2026-06-01Concall / analyst meetSchedule of meet
2026-05-22Concall / analyst meetTranscript
2026-05-20Concall / analyst meetSchedule of meet
2026-05-19Concall / analyst meetAudio recording of Investors /Analysts Conference Call held on May 19, 2026.
2026-05-18Investor PresentationInvestor Presentation
2026-05-18Press ReleaseA press release dated May 18, 2026, titled "Investors brief for Q4 & FY26 ended on March 31, 2026".
2026-05-18Record DateRecord date for the purpose of Dividend is 02-Sep-2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-17NCLTM/s NSSL Pvt Ltd Vs M/s Triveni Turbine Limited
2021-01-13NCLTM/s NSSL Pvt Ltd Vs M/s Triveni Turbine Limited
2020-12-01NCLTM/s NSSL Pvt Ltd Vs M/s Triveni Turbine Limited
2020-09-18NCLTM/s Triveni Turbine Ltd Vs M/s G E Triveni Ltd & Ors
2020-02-17NCLATTriveni Turbine Ltd. VS GE Triveni Ltd. & Ors.
2020-02-17NCLATTriveni Turbine Ltd. VS GE Triveni Ltd. & Ors.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Triveni Turbine Ltd?

Triveni Turbine Ltd (TRITURBINE) has a market capitalisation of Rs 17,279 Cr. at the 2026-10-01 close.

What is the P/E ratio of Triveni Turbine Ltd?

Triveni Turbine Ltd trades at a P/E of 49.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Triveni Turbine Ltd's latest quarterly results?

In the Jun 2026 quarter, Triveni Turbine Ltd sales was Rs 443 Cr (+19.4% vs Jun 2025) and net profit was Rs 51 Cr.

What is the 52-week high and low of Triveni Turbine Ltd?

The 52-week high is Rs 787.60 and the 52-week low is Rs 428.35.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03