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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Triveni Engineering & Industries Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:22 pm

Market Cap 8,141 Cr.
Current Price 371
High / Low518/266
Stock P/E26.2
Book Value 132
Dividend Yield0.94 %
ROCE14.8 %
ROE14.2 %
Face Value 1.00
PEG Ratio4.29

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Triveni Engineering & Industries Ltd

Competitors of Triveni Engineering & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Gayatri Sugars Ltd 114 Cr. 17.529.4/15.1 20.00.00 %102 %% 10.0
Dhampure Speciality Sugars Ltd 73.5 Cr. 92.6116/68.450.0 35.60.00 %3.15 %3.78 % 10.0
Dhampur Bio Organics Ltd 812 Cr. 122171/11277.2 1462.05 %5.02 %3.67 % 10.0
DCM Shriram Industries Ltd 1,569 Cr. 181242/14812.9 1001.11 %16.1 %14.9 % 2.00
Davangere Sugar Company Ltd 571 Cr. 6.0811.5/5.6246.1 3.640.00 %6.86 %3.75 % 1.00
Industry Average2,092.61 Cr293.2429.41224.520.66%13.29%13.21%6.37

All Competitor Stocks of Triveni Engineering & Industries Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1,0371,0681,1161,0701,2261,3461,4631,5831,1981,4091,3111,3021,301
Expenses8879619138951,1121,3011,2691,3191,0731,3461,1181,0571,214
Operating Profit150107203175114451932631256319324686
OPM %14%10%18%16%9%3%13%17%10%4%15%19%7%
Other Income1047154181,42137221212221611
Interest161212152217810211061826
Depreciation20202020222324242526262729
Profit before tax124121185143891,426199251913918221742
Tax %26%24%30%24%25%3%26%24%26%26%25%26%26%
Net Profit9292130109661,388147190682913716131
EPS in Rs3.823.825.384.522.7557.406.098.693.091.336.287.361.43

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthSep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales1,8593,1532,0611,9152,8243,3703,1524,4374,6744,2915,6175,2205,323
Expenses1,6803,0832,0791,7892,3023,0942,8423,8934,1123,6554,9994,5934,735
Operating Profit17970-18126522276309543562636618627587
OPM %10%2%-1%7%18%8%10%12%12%15%11%12%11%
Other Income-47453041-3633835628731,4966261
Interest1241871221151278568795255575661
Depreciation82119595957555775798193104108
Profit before tax-73-191-169-73021692684464605741,964529480
Tax %-29%-8%-10%-1%16%29%19%25%36%26%9%25%
Net Profit-52-176-152-72531192163352954241,792395359
EPS in Rs-2.03-6.84-5.90-0.289.814.628.3813.5212.1917.5481.8618.0516.40
Dividend Payout %-5%0%0%0%0%5%8%8%14%19%4%32%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)13.64%95.39%3714.29%-52.96%81.51%55.09%-11.94%43.73%322.64%-77.96%
Change in YoY Net Profit Growth (%)0.00%81.76%3618.89%-3767.25%134.48%-26.42%-67.03%55.67%278.91%-400.60%

Triveni Engineering & Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:11%
3 Years:4%
TTM:-4%
Compounded Profit Growth
10 Years:15%
5 Years:13%
3 Years:10%
TTM:-29%
Stock Price CAGR
10 Years:31%
5 Years:43%
3 Years:18%
1 Year:-1%
Return on Equity
10 Years:18%
5 Years:21%
3 Years:20%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:40 pm

MonthSep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital26262626262626252424222222
Reserves9918146335618109211,1151,3141,5321,8892,6432,8792,859
Borrowings1,0221,1761,4721,6781,7211,2401,6841,5309901,5759291,424540
Other Liabilities3071,0058347405548509851,1811,078815865799787
Total Liabilities2,3463,0212,9653,0063,1113,0363,8104,0503,6244,3034,4595,1244,207
Fixed Assets1,0209508758628588478421,0871,0731,0771,4701,5171,981
CWIP72189210205262225728226138
Investments9668819910911611314214619365510
Other Assets1,2232,0001,9902,0362,1422,0632,6502,7962,3832,7752,9553,3262,079
Total Assets2,3463,0212,9653,0063,1113,0363,8104,0503,6244,3034,4595,1244,207

Reserves and Borrowings Chart

Cash Flow

MonthSep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-1523-141-93145621-169510791-173397100
Cash from Investing Activity +-5014-33-28-39-41-215-107-108-2571,414-359
Cash from Financing Activity +65-40172119-102-583394-386-704442-1,762263
Net Cash Flow-1-2-2-24-31117-2112494

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2012
Free Cash Flow69.00-19.00125.00521.00275.00308.00542.00-428.00635.00-311.00626.00178.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days412641483634272216232524
Inventory Days151216275372333223347215185261179246
Days Payable2912614711851891048566453736
Cash Conversion Cycle163116169302318168271152135239167234
Working Capital Days11371144196181118187120104162128167
ROCE %7%-0%-2%5%21%11%13%18%19%21%18%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters68.43%68.43%68.43%68.25%61.22%60.98%60.98%60.98%60.98%60.98%60.98%60.98%
FIIs4.51%5.28%5.62%4.43%5.29%4.67%4.23%4.32%4.42%4.91%4.84%4.66%
DIIs5.15%4.70%4.85%6.02%8.10%8.54%8.21%8.47%8.47%8.60%8.82%9.99%
Public21.91%21.59%21.10%21.28%25.40%25.80%26.58%26.24%26.13%25.52%25.35%24.38%
No. of Shareholders78,48095,17194,86296,3591,07,52689,19894,9661,05,1951,09,8351,15,4531,13,9271,14,355

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
DSP Small Cap Fund9,987,3842.47341.821,179,7772024-11-21746.55%
Nippon India Small Cap Fund2,787,8550.2195.411,179,7772024-11-21136.3%
Mahindra Manulife Small Cap Fund1,179,7771.1540.381,179,7772024-11-210%
DSP Tiger Fund760,5070.8226.031,179,7772024-11-21-35.54%
Mahindra Manulife Mid Cap Fund548,1690.918.761,179,7772024-11-21-53.54%
Mahindra Manulife Focused Fund500,0001.5517.111,179,7772024-11-21-57.62%
Bank of India ELSS Tax Saver268,0000.849.171,179,7772024-11-21-77.28%
Bank of India ELSS Tax Saver - Eco Plan268,0000.849.171,179,7772024-11-21-77.28%
ITI Multi Cap Fund221,6390.97.591,179,7772024-11-21-81.21%
Bank of India Mid & Small Cap Equity & Debt Fund191,0001.036.541,179,7772024-11-21-83.81%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)18.0574.5817.5412.0113.32
Diluted EPS (Rs.)18.0574.5817.5412.0113.32
Cash EPS (Rs.)22.8085.3818.4315.4115.71
Book Value[Excl.RevalReserv]/Share (Rs.)132.52121.7679.1264.3553.99
Book Value[Incl.RevalReserv]/Share (Rs.)132.52121.7679.1264.3553.99
Revenue From Operations / Share (Rs.)238.47256.59177.49193.34178.93
PBDIT / Share (Rs.)31.4531.8127.1624.3523.37
PBIT / Share (Rs.)26.6927.5423.8221.0820.35
PBT / Share (Rs.)24.1688.9621.2918.9717.15
Net Profit / Share (Rs.)18.0481.1115.0912.1412.69
NP After MI And SOA / Share (Rs.)18.0581.8617.5412.1913.52
PBDIT Margin (%)13.1812.3915.3012.5913.06
PBIT Margin (%)11.1910.7313.4210.9011.37
PBT Margin (%)10.1334.6611.999.819.58
Net Profit Margin (%)7.5631.608.506.277.09
NP After MI And SOA Margin (%)7.5631.909.886.307.55
Return on Networth / Equity (%)13.6267.2222.1618.9325.03
Return on Capital Employeed (%)17.5719.6723.8324.6026.01
Return On Assets (%)7.7240.229.868.138.28
Long Term Debt / Equity (X)0.080.080.160.190.33
Total Debt / Equity (X)0.480.340.810.551.04
Asset Turnover Ratio (%)1.091.301.121.241.14
Current Ratio (X)1.721.971.361.431.26
Quick Ratio (X)0.370.530.270.300.35
Inventory Turnover Ratio (X)1.801.961.651.761.49
Dividend Payout Ratio (NP) (%)0.000.0017.100.008.13
Dividend Payout Ratio (CP) (%)0.000.0014.360.006.65
Earning Retention Ratio (%)0.000.0082.900.0091.87
Cash Earning Retention Ratio (%)0.000.0085.640.0093.35
Interest Coverage Ratio (X)12.4012.2712.0411.407.30
Interest Coverage Ratio (Post Tax) (X)8.127.607.826.674.97
Enterprise Value (Cr.)8132.146781.459055.332901.952260.40
EV / Net Operating Revenue (X)1.561.212.110.620.50
EV / EBITDA (X)11.819.7413.794.933.90
MarketCap / Net Operating Revenue (X)1.301.061.750.430.20
Retention Ratios (%)0.000.0082.890.0091.86
Price / BV (X)2.342.233.931.310.67
Price / Net Operating Revenue (X)1.301.061.750.430.20
EarningsYield0.050.300.050.140.36

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Triveni Engineering & Industries Ltd as of November 24, 2024 is: 495.71

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, Triveni Engineering & Industries Ltd is Undervalued by 33.61% compared to the current share price 371.00

Intrinsic Value of Triveni Engineering & Industries Ltd as of November 24, 2024 is: 526.01

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, Triveni Engineering & Industries Ltd is Undervalued by 41.78% compared to the current share price 371.00

Last 5 Year EPS CAGR: 6.11%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,458.54 cr) compared to borrowings (1,306.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (3.23 cr) and profit (214.54 cr) over the years.
  1. The stock has a low average ROCE of 12.17%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 140.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 202.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Triveni Engineering & Industries Ltd:
    1. Net Profit Margin: 7.56%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.57% (Industry Average ROCE: 13.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.62% (Industry Average ROE: 13.21%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 8.12
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.37
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26.2 (Industry average Stock P/E: 29.41)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.48
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Triveni Engineering & Industries Ltd. is a Public Limited Listed company incorporated on 27/07/1932 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L15421UP1932PLC022174 and registration number is 022174. Currently Company is involved in the business activities of Electric power generation using other non conventional sources. Company’s Total Operating Revenue is Rs. 4274.34 Cr. and Equity Capital is Rs. 24.18 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
SugarPlot No. 44, Block-A, Phase II Extension, Noida Uttar Pradesh 201305shares@trivenigroup.com
http://www.trivenigroup.com
Management
NamePosition Held
Mr. Dhruv M SawhneyChairman & Managing Director
Mr. Tarun SawhneyVice Chairman & Mng.Director
Mr. Nikhil SawhneyDirector
Ms. Homai A DaruwallaDirector
Mr. Sudipto SarkarDirector
Mr. Jitendra Kumar DadooDirector

FAQ

What is the latest intrinsic value of Triveni Engineering & Industries Ltd?

The latest intrinsic value of Triveni Engineering & Industries Ltd as on 24 November 2024 is ₹495.71, which is 33.61% higher than the current market price of ₹371.00.

What is the Market Cap of Triveni Engineering & Industries Ltd?

The Market Cap of Triveni Engineering & Industries Ltd is 8,141 Cr..

What is the current Stock Price of Triveni Engineering & Industries Ltd as on 24 November 2024?

The current stock price of Triveni Engineering & Industries Ltd as on 24 November 2024 is 371.

What is the High / Low of Triveni Engineering & Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Triveni Engineering & Industries Ltd stocks is 518/266.

What is the Stock P/E of Triveni Engineering & Industries Ltd?

The Stock P/E of Triveni Engineering & Industries Ltd is 26.2.

What is the Book Value of Triveni Engineering & Industries Ltd?

The Book Value of Triveni Engineering & Industries Ltd is 132.

What is the Dividend Yield of Triveni Engineering & Industries Ltd?

The Dividend Yield of Triveni Engineering & Industries Ltd is 0.94 %.

What is the ROCE of Triveni Engineering & Industries Ltd?

The ROCE of Triveni Engineering & Industries Ltd is 14.8 %.

What is the ROE of Triveni Engineering & Industries Ltd?

The ROE of Triveni Engineering & Industries Ltd is 14.2 %.

What is the Face Value of Triveni Engineering & Industries Ltd?

The Face Value of Triveni Engineering & Industries Ltd is 1.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Triveni Engineering & Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE