Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Triveni Engineering & Industries Ltd

About the Company - Triveni Engineering & Industries Ltd

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

Triveni Engineering & Industries Ltd. Share Price Update

Share PriceValue
Today₹346.80
Previous Day₹347.90

Basic Stock Data of Triveni Engineering & Industries Ltd

Market Cap 7,598 Cr.
Current Price 347
High / Low417/250
Stock P/E17.9
Book Value 123
Dividend Yield0.94 %
ROCE17.5 %
ROE23.3 %
Face Value 1.00

Data Source: screener.in

Competitors of Triveni Engineering & Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Zuari Industries Ltd 933 Cr. 313355/104105 8610.32 %10.7 %11.4 % 10.0
Mawana Sugars Ltd 394 Cr. 101121/77.69.13 88.32.98 %5.58 %3.56 % 10.0
Magadh Sugar & Energy Ltd 918 Cr. 652866/2878.80 4681.04 %8.76 %8.14 % 10.0
Rajshree Sugars & Chemicals Ltd 270 Cr. 81.6102/32.612.7 83.60.00 %4.61 %4.06 % 10.0
Vishwaraj Sugar Industries Ltd 362 Cr. 19.322.3/13.1 14.30.51 %8.40 %8.71 % 2.00
Industry Average575.4 Cr233.3827.13303.040.97%7.61%7.17%8.4

Triveni Engineering & Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,1221,1601,0371,0681,1161,0701,2261,3461,4631,5831,1981,4091,311
Expenses9611,0058879619138951,1121,3011,2691,3191,0731,3461,118
Operating Profit1601551501072031751144519326312563193
OPM %14%13%14%10%18%16%9%3%13%17%10%4%15%
Other Income14111047154181,4213722121222
Interest91216121215221781021106
Depreciation20202020202022232424252626
Profit before tax146134124121185143891,4261992519139182
Tax %35%36%26%24%30%24%25%3%26%24%26%26%25%
Net Profit95859292130109661,3881471906829137
EPS in Rs3.923.523.823.825.384.522.7557.406.098.693.091.336.28

Triveni Engineering & Industries Ltd Quarterly Chart

Triveni Engineering & Industries Ltd Profit & Loss

MonthSep 2011Sep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7051,8593,1532,0611,9152,8243,3703,1524,4374,6744,2915,6175,501
Expenses1,5431,6803,0832,0791,7892,3023,0942,8423,8934,1123,6554,9994,857
Operating Profit16217970-18126522276309543562636618644
OPM %9%10%2%-1%7%18%8%10%12%12%15%11%12%
Other Income33-47453041-3633835628731,49668
Interest9612418712211512785687952555747
Depreciation8182119595957555775798193102
Profit before tax17-73-191-169-73021692684464605741,964563
Tax %-28%29%8%10%1%16%29%19%25%36%26%9%
Net Profit22-52-176-152-72531192163352954241,792424
EPS in Rs0.86-2.03-6.84-5.90-0.289.814.628.3813.5212.1917.5481.8619.39
Dividend Payout %23%-5%0%0%0%0%5%8%8%14%19%4%

Triveni Engineering & Industries Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)13.64%95.39%3714.29%-52.96%81.51%55.09%-11.94%43.73%322.64%
Change in YoY Net Profit Growth (%)0.00%81.76%3618.89%-3767.25%134.48%-26.42%-67.03%55.67%278.91%

Triveni Engineering & Industries Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:8%
TTM:8%
Compounded Profit Growth
10 Years:35%
5 Years:35%
3 Years:17%
TTM:8%
Stock Price CAGR
10 Years:37%
5 Years:46%
3 Years:68%
1 Year:27%
Return on Equity
10 Years:16%
5 Years:23%
3 Years:23%
Last Year:23%

Triveni Engineering & Industries Ltd Balance Sheet

MonthSep 2011Sep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital26262626262626262524242222
Reserves1,0469918146335618109211,1151,3141,5321,8892,6432,669
Borrowings8261,0221,1761,4721,6781,7211,2401,6841,5309901,575929391
Other Liabilities3493071,0058347405548509851,1811,078815865624
Total Liabilities2,2462,3463,0212,9653,0063,1113,0363,8104,0503,6244,3034,4593,707
Fixed Assets1,0721,0209508758628588478421,0871,0731,0771,4701,448
CWIP1572189210205262225728117
Investments519668819910911611314214619369
Other Assets1,1081,2232,0001,9902,0362,1422,0632,6502,7962,3832,7752,9552,133
Total Assets2,2462,3463,0212,9653,0063,1113,0363,8104,0503,6244,3034,4593,707

Triveni Engineering & Industries Ltd Reserves and Borrowings Chart

Triveni Engineering & Industries Ltd Cash Flow

MonthSep 2011Sep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 168-1523-141-93145621-169510791-173397
Cash from Investing Activity -29-5014-33-28-39-41-215-107-108-2571,414
Cash from Financing Activity -13765-40172119-102-583394-386-704442-1,762
Net Cash Flow3-1-2-2-24-31117-211249

Triveni Engineering & Industries Ltd Financial Efficiency Indicators

MonthSep 2011Sep 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days374126414836342722162325
Inventory Days119151216275372333223347215185261179
Days Payable3229126147118518910485664537
Cash Conversion Cycle124163116169302318168271152135239167
Working Capital Days9711371144196181118187120104162128
ROCE %7%7%-0%-2%5%21%11%13%18%19%21%18%

Triveni Engineering & Industries Ltd Financial Efficiency Indicators Chart

Triveni Engineering & Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.43%68.43%68.43%68.43%68.43%68.43%68.25%61.22%60.98%60.98%60.98%60.98%
FIIs2.78%2.63%2.96%4.51%5.28%5.62%4.43%5.29%4.67%4.23%4.32%4.42%
DIIs4.07%5.28%5.13%5.15%4.70%4.85%6.02%8.10%8.54%8.21%8.47%8.47%
Public24.72%23.66%23.48%21.91%21.59%21.10%21.28%25.40%25.80%26.58%26.24%26.13%
No. of Shareholders50,86266,50879,00378,48095,17194,86296,3591,07,52689,19894,9661,05,1951,09,835

Triveni Engineering & Industries Ltd Shareholding Pattern Chart

No. of Triveni Engineering & Industries Ltd Shareholders

Triveni Engineering & Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund99873842.47341.82
Nippon India Small Cap Fund27878550.2195.41
Mahindra Manulife Small Cap Fund11797771.1540.38
DSP Tiger Fund7605070.8226.03
Mahindra Manulife Mid Cap Fund5481690.918.76
Mahindra Manulife Focused Fund5000001.5517.11
Bank of India ELSS Tax Saver2680000.849.17
Bank of India ELSS Tax Saver - Eco Plan2680000.849.17
ITI Multi Cap Fund2216390.97.59
Bank of India Mid & Small Cap Equity & Debt Fund1910001.036.54

Triveni Engineering & Industries Ltd ROCE Trend

Triveni Engineering & Industries Ltd EPS Trend

Triveni Engineering & Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)74.5817.5412.0113.328.39
Diluted EPS (Rs.)74.5817.5412.0113.328.39
Cash EPS (Rs.)85.3818.4315.4115.719.81
Book Value[Excl.RevalReserv]/Share (Rs.)121.7679.1264.3553.9944.22
Book Value[Incl.RevalReserv]/Share (Rs.)121.7679.1264.3553.9944.22
Revenue From Operations / Share (Rs.)256.59177.49193.34178.93122.19
PBDIT / Share (Rs.)31.8127.1624.3523.3714.45
PBIT / Share (Rs.)27.5423.8221.0820.3512.23
PBT / Share (Rs.)88.9621.2918.9717.159.60
Net Profit / Share (Rs.)81.1115.0912.1412.697.60
NP After MI And SOA / Share (Rs.)81.8617.5412.1913.528.38
PBDIT Margin (%)12.3915.3012.5913.0611.82
PBIT Margin (%)10.7313.4210.9011.3710.01
PBT Margin (%)34.6611.999.819.587.85
Net Profit Margin (%)31.608.506.277.096.22
NP After MI And SOA Margin (%)31.909.886.307.556.86
Return on Networth / Equity (%)67.2222.1618.9325.0318.96
Return on Capital Employeed (%)19.6723.8324.6026.0119.49
Return On Assets (%)40.229.868.138.285.68
Long Term Debt / Equity (X)0.080.160.190.330.32
Total Debt / Equity (X)0.340.810.551.041.41
Asset Turnover Ratio (%)1.301.121.241.140.93
Current Ratio (X)1.971.361.431.261.18
Quick Ratio (X)0.530.270.300.350.20
Inventory Turnover Ratio (X)1.961.651.761.491.49
Dividend Payout Ratio (NP) (%)0.0017.100.008.138.34
Dividend Payout Ratio (CP) (%)0.0014.360.006.656.60
Earning Retention Ratio (%)0.0082.900.0091.8791.66
Cash Earning Retention Ratio (%)0.0085.640.0093.3593.40
Interest Coverage Ratio (X)12.2712.0411.407.305.48
Interest Coverage Ratio (Post Tax) (X)7.607.826.674.973.88
Enterprise Value (Cr.)6781.459055.332901.952260.403160.78
EV / Net Operating Revenue (X)1.212.110.620.501.00
EV / EBITDA (X)9.7413.794.933.908.48
MarketCap / Net Operating Revenue (X)1.061.750.430.200.49
Retention Ratios (%)0.0082.890.0091.8691.65
Price / BV (X)2.233.931.310.671.38
Price / Net Operating Revenue (X)1.061.750.430.200.49
EarningsYield0.300.050.140.360.13

Triveni Engineering & Industries Ltd Profitability Ratios (%)

Triveni Engineering & Industries Ltd Liquidity Ratios

Triveni Engineering & Industries Ltd Liquidity Ratios (%)

Triveni Engineering & Industries Ltd Interest Coverage Ratios (X)

Triveni Engineering & Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Triveni Engineering & Industries Ltd

Fair Value: ₹517.82

The stock is undervalued by 49.23% compared to the current price ₹347

*Investments are subject to market risks

Strength and Weakness of Triveni Engineering & Industries Ltd

StrengthWeakness
  1. The company has higher reserves (1,302.92 cr) compared to borrowings (1,248.77 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.92 cr) and profit (181.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 21.00 and average Dividend Yield of 11.29%.
  2. The stock has a low average ROCE of 11.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 135.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 193.67, which may not be favorable.

Should I Buy Triveni Engineering & Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Triveni Engineering & Industries Ltd:
    1. Net Profit Margin: 31.60%
      • 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: 19.67% (Industry Average ROCE: 10.71%)
      • 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. Interest Coverage Ratio (Post Tax): 7.60
      • 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.
    4. Quick Ratio: 0.53
      • 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.
    5. ✗ Stock P/E: 17.4 (Industry average Stock P/E: 7.15)
      • 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.
    6. ✓ Total Debt / Equity: 0.34
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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