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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Triveni Turbine Ltd

Basic Stock Data

Last Updated: June 25, 2024, 10:16 pm

Market Cap 18,982 Cr.
Current Price 597
High / Low676/312
Stock P/E70.5
Book Value 30.2
Dividend Yield0.22 %
ROCE41.7 %
ROE31.3 %
Face Value 1.00
PEG Ratio4.01

Competitors of Triveni Turbine Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Action Construction Equipment Ltd 17,587 Cr. 1,4771,695/45253.6 1030.07 %42.2 %30.6 % 2.00
Lakshmi Machine Works Ltd 17,231 Cr. 16,12917,794/12,46146.1 2,5310.46 %19.1 %14.8 % 10.0
Techno Electric & Engineering Company Ltd 15,390 Cr. 1,4301,550/34656.8 2010.41 %16.5 %13.2 % 2.00
Texmaco Rail & Engineering Ltd 8,343 Cr. 209232/65.474.0 62.20.07 %11.4 %5.88 % 1.00
Cranex Ltd 60.0 Cr. 100127/24.240.0 18.00.00 %10.1 %14.9 % 10.0
Industry Average14,534.65 Cr1,298.2753.46203.660.20%19.73%16.11%5.63

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales179184206225237259293326370376388432458
Expenses154148171180195210237263303306314348368
Operating Profit25363545424956636671748490
OPM %14%19%17%20%18%19%19%19%18%19%19%19%20%
Other Income8620688711121213151718
Interest0000000001111
Depreciation5555555555555
Profit before tax2837236484451617073798395101
Tax %16%24%26%26%25%24%25%25%24%22%23%28%25%
Net Profit232817436333846535661646876
EPS in Rs0.720.865.371.101.021.181.431.631.751.912.022.152.39

Last Updated: June 9, 2024, 5:27 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 25, 2024, 1:53 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales6655186517137457518408187038521,2481,654
Expenses5034105265535775946876605536921,0121,335
Operating Profit163108125160168157153158149161235319
OPM %24%21%19%22%23%21%18%19%21%19%19%19%
Other Income883025338192462274362
Interest434222353333
Depreciation131416151519202020202021
Profit before tax153100136167185144149156132365256358
Tax %33%33%32%32%33%33%33%22%22%26%25%25%
Net Profit103679311312496100122102270193269
EPS in Rs3.172.062.743.423.742.913.103.773.178.366.068.47
Dividend Payout %25%36%31%32%32%34%0%13%38%23%0%15%

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%

Growth

Compounded Sales Growth
10 Years:12%
5 Years:15%
3 Years:33%
TTM:33%
Compounded Profit Growth
10 Years:15%
5 Years:22%
3 Years:35%
TTM:55%
Stock Price CAGR
10 Years:21%
5 Years:42%
3 Years:70%
1 Year:48%
Return on Equity
10 Years:25%
5 Years:23%
3 Years:23%
Last Year:31%

Last Updated: June 25, 2024, 4:16 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333333333333323232323232
Reserves29102142196266370419401498605824729856
Preference Capital330000000000
Borrowings1711913100014243
Other Liabilities242263302333278242303311295307493593702
Total Liabilities3223994965755786467557448269481,3521,3571,593
Fixed Assets127119111155132232226254246248247269282
CWIP00196331039571352
Investments10502320172019152296478379466
Other Assets185275365391393386472466420403624703842
Total Assets3223994965755786467557448269481,3521,3571,593

Reserves and Borrowings Chart

Triveni Turbine Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1197037711408291148188187433196
Cash from Investing Activity -341-45-34-46-75-49-8-128-214-36389
Cash from Financing Activity -74-53-14-37-70-19-48-124-21-2-75-288
Net Cash Flow1018-21-124-11-61539-29-5-3

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow160.00108.00125.00160.00168.00157.00153.00158.00149.00161.00235.00319.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days3764798368741017656404338
Inventory Days7562144129143138174171146170138122
Days Payable6910817512682881399151768564
Cash Conversion Cycle431948851291241361571511349796
Working Capital Days-36-126214260816431-5-57-47
ROCE %230%137%59%63%57%52%34%34%32%25%21%29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters67.78%67.78%67.78%67.78%67.78%67.78%55.94%55.94%55.84%55.84%55.84%55.84%
FIIs13.10%14.39%14.50%16.11%16.40%16.97%22.30%23.22%24.38%26.79%27.68%27.28%
DIIs14.51%13.17%13.32%12.65%12.23%11.55%16.09%15.47%15.13%12.56%11.66%12.49%
Public4.61%4.66%4.39%3.46%3.59%3.69%5.67%5.38%4.66%4.82%4.82%4.39%
No. of Shareholders31,83135,17034,47344,97149,09749,95056,50971,70469,58982,72888,41883,605

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 Fund10,942,0271.66412.024,651,4142024-06-24135.24%
SBI Magnum Midcap Fund5,238,2131.24197.244,651,4142024-06-2412.62%
Nippon India Multi Cap Fund4,651,4140.68175.154,651,4142024-06-240%
Canara Robeco Small Cap Fund1,718,9810.6864.734,651,4142024-06-24-63.04%
Invesco India Smallcap Fund1,537,3861.5857.894,651,4142024-06-24-66.95%
Invesco India Multicap Fund991,3911.1937.334,651,4142024-06-24-78.69%
Sundaram Flexicap Fund988,0001.837.24,651,4142024-06-24-78.76%
Sundaram Large and Mid Cap Fund881,3410.5533.194,651,4142024-06-24-81.05%
HSBC ELSS Tax saver Fund866,7000.932.644,651,4142024-06-24-81.37%
HSBC Aggressive Hybrid Fund855,6000.6232.224,651,4142024-06-24-81.61%

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.)9.126.699.123.634.11
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) (%)0.000.0026.320.0013.27
Dividend Payout Ratio (CP) (%)0.000.0024.480.0011.39
Earning Retention Ratio (%)0.000.0073.680.0086.73
Cash Earning Retention Ratio (%)0.000.0075.520.0088.61
Interest Coverage Ratio (X)143.24277.78187.83146.7551.09
Interest Coverage Ratio (Post Tax) (X)102.24194.8575.53102.8834.81
Enterprise Value (Cr.)16668.6910317.016268.243174.761752.77
EV / Net Operating Revenue (X)10.088.277.364.522.14
EV / EBITDA (X)43.7537.3332.6219.0410.29
MarketCap / Net Operating Revenue (X)10.328.507.674.682.23
Retention Ratios (%)0.000.0073.670.0086.72
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: 667.87

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.

Undervalued: 11.87% compared to the current price 597

Intrinsic Value: 785.24

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 31.53% compared to the current price ₹597

Last 5 Year EPS CAGR: 17.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 64.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 12.33, which is a positive sign.
  3. The company has higher reserves (456.67 cr) compared to borrowings (0.25 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (604.83 cr) and profit (191.75 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 101.58, 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: %)
      • 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: %)
      • 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): 102.24
      • 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: 70.5 (Industry average Stock P/E: )
      • 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: N/A
      • 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

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, Phase- II Extension, Noida Uttar Pradesh 201305shares.ttl@trivenigroup.com
http://www.triveniturbines.com
Management
NamePosition Held
Mr. Dhruv M SawhneyChairman & Managing Director
Mr. Nikhil SawhneyVice Chairman & Mng.Director
Mr. Arun Prabhakar MoteExecutive Director
Mr. Tarun SawhneyDirector
Mr. Pulak Chandan PrasadDirector
Ms. Homai A DaruwallaDirector
Dr. Anil KakodkarDirector
Mr. Shailendar BhandariDirector
Mr. Vijay Kumar ThadaniDirector
Mr. Vipin SondhDirector

FAQ

What is the latest fair value of Triveni Turbine Ltd?

The latest fair value of Triveni Turbine Ltd is ₹667.87.

What is the Market Cap of Triveni Turbine Ltd?

The Market Cap of Triveni Turbine Ltd is 18,982 Cr..

What is the current Stock Price of Triveni Turbine Ltd as on 25 June 2024?

The current stock price of Triveni Turbine Ltd as on 25 June 2024 is ₹597.

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 676/312.

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

The Stock P/E of Triveni Turbine Ltd is 70.5.

What is the Book Value of Triveni Turbine Ltd?

The Book Value of Triveni Turbine Ltd is 30.2.

What is the Dividend Yield of Triveni Turbine Ltd?

The Dividend Yield of Triveni Turbine Ltd is 0.22 %.

What is the ROCE of Triveni Turbine Ltd?

The ROCE of Triveni Turbine Ltd is 41.7 %.

What is the ROE of Triveni Turbine Ltd?

The ROE of Triveni Turbine Ltd is 31.3 %.

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