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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 Turbine Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

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

Market Cap 21,740 Cr.
Current Price 684
High / Low844/350
Stock P/E69.0
Book Value 34.3
Dividend Yield0.38 %
ROCE38.3 %
ROE28.5 %
Face Value 1.00
PEG Ratio2.95

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

View Share Price Target for Triveni Turbine Ltd

Competitors of Triveni Turbine Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HLE Glascoat Ltd 2,472 Cr. 361582/35082.8 63.20.30 %13.1 %8.62 % 2.00
Harish Textile Engineers Ltd 29.8 Cr. 89.2102/42.7 27.80.00 %10.8 %2.98 % 10.0
Disa India Ltd 2,528 Cr. 17,38220,900/12,70254.3 1,7801.15 %25.9 %19.2 % 10.0
Cranex Ltd 80.3 Cr. 134190/47.042.7 19.50.00 %10.1 %14.9 % 10.0
Concord Control Systems Ltd 1,020 Cr. 1,7052,062/53867.6 91.10.00 %72.8 %60.3 % 10.0
Industry Average13,305.08 Cr1,915.8159.60259.430.26%20.32%16.23%5.59

All Competitor Stocks of Triveni Turbine Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales184206225237259293326370376388432458463
Expenses148171180195210237263303306314348368368
Operating Profit36354542495663667174849096
OPM %19%17%20%18%19%19%19%18%19%19%19%20%21%
Other Income62068871112121315171819
Interest0000000011111
Depreciation5555555555556
Profit before tax37236484451617073798395101108
Tax %24%26%26%25%24%25%25%24%22%23%28%25%25%
Net Profit281743633384653566164687680
EPS in Rs0.865.371.101.021.181.431.631.751.912.022.152.392.52

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales6655186517137457518408187038521,2481,6541,741
Expenses5034105265535775946876605536921,0121,3331,398
Operating Profit163108125160168157153158149161235321343
OPM %24%21%19%22%23%21%18%19%21%19%19%19%20%
Other Income88302533819246227436269
Interest4342223533353
Depreciation13141615151920202020202122
Profit before tax153100136167185144149156132365256358387
Tax %33%33%32%32%33%33%33%22%22%26%25%25%
Net Profit103679311312496100122102270193269289
EPS in Rs3.172.062.743.423.742.913.103.773.178.366.068.479.08
Dividend Payout %25%36%31%32%32%34%0%13%38%23%0%43%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-34.95%38.81%21.51%9.73%-22.58%4.17%22.00%-16.39%164.71%-28.52%39.38%
Change in YoY Net Profit Growth (%)0.00%73.76%-17.30%-11.77%-32.32%26.75%17.83%-38.39%181.10%-193.22%67.90%

Triveni Turbine Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:15%
3 Years:33%
TTM:27%
Compounded Profit Growth
10 Years:14%
5 Years:20%
3 Years:31%
TTM:35%
Stock Price CAGR
10 Years:21%
5 Years:48%
3 Years:54%
1 Year:65%
Return on Equity
10 Years:25%
5 Years:22%
3 Years:22%
Last Year:29%

Last Updated: Unknown

Balance Sheet

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital33333333333332323232323232
Reserves1021421962663704194014986058247299281,058
Borrowings4191310001424310
Other Liabilities260302333278242303311295307493593707792
Total Liabilities3994965755786467557448269481,3521,3571,6701,892
Fixed Assets119111155132232226254246248247269283289
CWIP01963310395713514
Investments502320172019152296478379458479
Other Assets2753653913933864724664204036247039281,120
Total Assets3994965755786467557448269481,3521,3571,6701,892

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +7037711408291148188187433196271
Cash from Investing Activity +1-45-34-46-75-49-8-128-214-36389-195
Cash from Financing Activity +-53-14-37-70-19-48-124-21-2-75-288-76
Net Cash Flow18-21-124-11-61539-29-5-3-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow159.0089.00112.00159.00168.00157.00153.00157.00145.00159.00231.00318.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6479836874101765640433839
Inventory Days62144129143138174171146170138122108
Days Payable1081751268288139915176856478
Cash Conversion Cycle194885129124136157151134979670
Working Capital Days-126214260816431-5-57-47-39
ROCE %137%59%63%57%52%34%34%32%25%21%29%38%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters67.78%67.78%67.78%67.78%55.94%55.94%55.84%55.84%55.84%55.84%55.84%55.84%
FIIs14.50%16.11%16.40%16.97%22.30%23.22%24.38%26.79%27.68%27.28%27.26%27.51%
DIIs13.32%12.65%12.23%11.55%16.09%15.47%15.13%12.56%11.66%12.49%12.71%12.33%
Public4.39%3.46%3.59%3.69%5.67%5.38%4.66%4.82%4.82%4.39%4.18%4.32%
No. of Shareholders34,47344,97149,09749,95056,50971,70469,58982,72888,41883,60591,4201,07,624

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Small Cap Fund10,942,0271.66412.0210,942,0272024-11-230%
SBI Magnum Midcap Fund5,238,2131.24197.2410,942,0272024-11-23-52.13%
Nippon India Multi Cap Fund4,651,4140.68175.1510,942,0272024-11-23-57.49%
Canara Robeco Small Cap Fund1,718,9810.6864.7310,942,0272024-11-23-84.29%
Invesco India Smallcap Fund1,537,3861.5857.8910,942,0272024-11-23-85.95%
Invesco India Multicap Fund991,3911.1937.3310,942,0272024-11-23-90.94%
Sundaram Flexicap Fund988,0001.837.210,942,0272024-11-23-90.97%
Sundaram Large and Mid Cap Fund881,3410.5533.1910,942,0272024-11-23-91.95%
HSBC ELSS Tax saver Fund866,7000.932.6410,942,0272024-11-23-92.08%
HSBC Aggressive Hybrid Fund855,6000.6232.2210,942,0272024-11-23-92.18%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.475.978.363.173.77
Diluted EPS (Rs.)8.475.978.363.173.77
Cash EPS (Rs.)9.136.699.123.634.11
Book Value[Excl.RevalReserv]/Share (Rs.)30.2423.9526.5219.7216.40
Book Value[Incl.RevalReserv]/Share (Rs.)30.2423.9526.5219.7216.40
Revenue From Operations / Share (Rs.)52.0339.2526.3621.7325.30
PBDIT / Share (Rs.)11.998.705.945.165.27
PBIT / Share (Rs.)11.338.075.324.534.65
PBT / Share (Rs.)11.258.0411.413.924.54
Net Profit / Share (Rs.)8.476.078.493.013.49
NP After MI And SOA / Share (Rs.)8.476.068.363.173.77
PBDIT Margin (%)23.0322.1522.5423.7220.82
PBIT Margin (%)21.7820.5620.1620.8518.36
PBT Margin (%)21.6220.4843.3018.0517.95
Net Profit Margin (%)16.2815.4632.2013.8313.77
NP After MI And SOA Margin (%)16.2715.4331.7014.5814.88
Return on Networth / Equity (%)28.0425.3231.5416.0722.96
Return on Capital Employeed (%)36.5732.9719.7622.5627.38
Return On Assets (%)16.2714.3720.2410.8714.81
Asset Turnover Ratio (%)1.110.870.750.811.06
Current Ratio (X)1.991.862.292.251.96
Quick Ratio (X)1.651.511.941.711.33
Inventory Turnover Ratio (X)4.033.752.842.152.17
Dividend Payout Ratio (NP) (%)27.160.0026.320.0013.27
Dividend Payout Ratio (CP) (%)25.220.0024.480.0011.39
Earning Retention Ratio (%)72.840.0073.680.0086.73
Cash Earning Retention Ratio (%)74.780.0075.520.0088.61
Interest Coverage Ratio (X)143.35277.78187.83146.7551.09
Interest Coverage Ratio (Post Tax) (X)102.32194.8575.53102.8834.81
Enterprise Value (Cr.)16667.0810317.016268.243174.761752.77
EV / Net Operating Revenue (X)10.088.277.364.522.14
EV / EBITDA (X)43.7437.3332.6219.0410.29
MarketCap / Net Operating Revenue (X)10.328.507.674.682.23
Retention Ratios (%)72.830.0073.670.0086.72
Price / BV (X)17.7813.947.645.163.43
Price / Net Operating Revenue (X)10.328.507.674.682.23
EarningsYield0.010.010.040.030.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Triveni Turbine Ltd as of November 24, 2024 is: 677.07

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 Turbine Ltd is Overvalued by 1.01% compared to the current share price 684.00

Intrinsic Value of Triveni Turbine Ltd as of November 24, 2024 is: 835.68

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 Turbine Ltd is Undervalued by 22.18% compared to the current share price 684.00

Last 5 Year EPS CAGR: 23.43%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 48.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 12.08, which is a positive sign.
  3. The company has higher reserves (502.92 cr) compared to borrowings (4.69 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (558.38 cr) and profit (206.77 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 103.83, 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 Turbine Ltd:
    1. Net Profit Margin: 16.28%
      • 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: 36.57% (Industry Average ROCE: 20.32%)
      • 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%: 28.04% (Industry Average ROE: 16.23%)
      • 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): 102.32
      • 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: 1.65
      • 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: 69 (Industry average Stock P/E: 59.6)
      • 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
      • 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 Turbine Ltd. is a Public Limited Listed company incorporated on 27/06/1995 and has its registered office in the State of Uttar Pradesh, India. Company’s Corporate Identification Number(CIN) is L29110UP1995PLC041834 and registration number is 041834. Currently Company is involved in the business activities of Repair of fabricated metal products, machinery and equipment. Company’s Total Operating Revenue is Rs. 811.37 Cr. and Equity Capital is Rs. 32.33 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - HeavyA-44, Hosiery Complex, Noida Uttar Pradesh 201305shares.ttl@trivenigroup.com
http://www.triveniturbines.com
Management
NamePosition Held
Dr. Anil KakodkarDirector
Mr. Vijay Kumar ThadaniDirector
Mr. Vipin SondhDirector
Mrs. Amrita GangotraDirector
Mrs. Sonu Halan BhasinDirector
Mr. Dhruv M SawhneyChairman & Managing Director
Mr. Nikhil SawhneyVice Chairman & Mng.Director
Mr. Arun Prabhakar MoteExecutive Director
Mr. Tarun SawhneyDirector
Mr. Pulak Chandan PrasadDirector

FAQ

What is the latest intrinsic value of Triveni Turbine Ltd?

The latest intrinsic value of Triveni Turbine Ltd as on 24 November 2024 is ₹677.07, which is 1.01% lower than the current market price of ₹684.00.

What is the Market Cap of Triveni Turbine Ltd?

The Market Cap of Triveni Turbine Ltd is 21,740 Cr..

What is the current Stock Price of Triveni Turbine Ltd as on 24 November 2024?

The current stock price of Triveni Turbine Ltd as on 24 November 2024 is 684.

What is the High / Low of Triveni Turbine Ltd stocks in FY 2024?

In FY 2024, the High / Low of Triveni Turbine Ltd stocks is 844/350.

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

The Stock P/E of Triveni Turbine Ltd is 69.0.

What is the Book Value of Triveni Turbine Ltd?

The Book Value of Triveni Turbine Ltd is 34.3.

What is the Dividend Yield of Triveni Turbine Ltd?

The Dividend Yield of Triveni Turbine Ltd is 0.38 %.

What is the ROCE of Triveni Turbine Ltd?

The ROCE of Triveni Turbine Ltd is 38.3 %.

What is the ROE of Triveni Turbine Ltd?

The ROE of Triveni Turbine Ltd is 28.5 %.

What is the Face Value of Triveni Turbine Ltd?

The Face Value of Triveni Turbine 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 Turbine 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