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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Triveni Turbine Ltd

About the Company - Triveni Turbine Ltd

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

Triveni Turbine Ltd. Share Price Update

Share PriceValue
Today₹463.00
Previous Day₹469.00

Basic Stock Data of Triveni Turbine Ltd

Market Cap 15,875 Cr.
Current Price 499
High / Low520/291
Stock P/E63.9
Book Value 27.9
Dividend Yield0.26 %
ROCE28.7 %
ROE21.5 %
Face Value 1.00

Data Source: screener.in

Competitors of Triveni Turbine Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Techno Electric & Engineering Company Ltd 8,037 Cr. 747860/31240.5 1850.80 %8.18 %9.91 % 2.00
Bright Solar Ltd 25.8 Cr. 10.312.5/4.65 12.90.00 %0.33 %0.16 % 10.0
TD Power Systems Ltd (TDPS) 4,613 Cr. 295314/13737.3 42.00.17 %22.1 %16.9 % 2.00
Bharat Dynamics Ltd 33,572 Cr. 1,8321,985/87870.5 1840.52 %15.6 %11.3 % 10.0
Windsor Machines Ltd 549 Cr. 84.5105/34.660.6 42.11.18 %6.77 %1.65 % 2.00
Industry Average9,359.36 Cr593.7641.7893.200.53%10.60%7.98%5.20

Triveni Turbine Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales174179184206225237259293326370376388432
Expenses139154148171180195210237263303306314348
Operating Profit35253635454249566366717484
OPM %20%14%19%17%20%18%19%19%19%18%19%19%19%
Other Income786206887111212131517
Interest0000000000111
Depreciation5555555555555
Profit before tax362837236484451617073798395
Tax %24%16%24%26%26%25%24%25%25%24%22%23%28%
Net Profit282328174363338465356616468
EPS in Rs0.850.720.865.371.101.021.181.431.631.751.912.022.15

Triveni Turbine Ltd Quarterly Chart

Triveni Turbine Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6306655186517137457518408187038521,2481,566
Expenses4815034105265535775946876605536921,0121,271
Operating Profit148163108125160168157153158149161235295
OPM %24%24%21%19%22%23%21%18%19%21%19%19%19%
Other Income4883025338192462274358
Interest11434222353332
Depreciation12131416151519202020202020
Profit before tax130153100136167185144149156132365256330
Tax %34%33%33%32%32%33%33%33%22%22%26%25%
Net Profit86103679311312496100122102270193249
EPS in Rs2.653.172.062.743.423.742.913.103.773.178.366.067.83
Dividend Payout %25%25%36%31%32%32%34%0%13%38%23%0%

Triveni Turbine Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)19.77%-34.95%38.81%21.51%9.73%-22.58%4.17%22.00%-16.39%164.71%-28.52%
Change in YoY Net Profit Growth (%)0.00%-54.72%73.76%-17.30%-11.77%-32.32%26.75%17.83%-38.39%181.10%-193.22%

Triveni Turbine Ltd Growth

Compounded Sales Growth
10 Years:6%
5 Years:11%
3 Years:15%
TTM:41%
Compounded Profit Growth
10 Years:5%
5 Years:13%
3 Years:14%
TTM:46%
Stock Price CAGR
10 Years:23%
5 Years:35%
3 Years:60%
1 Year:35%
Return on Equity
10 Years:24%
5 Years:20%
3 Years:19%
Last Year:22%

Triveni Turbine Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33333333333333323232323232
Reserves29102142196266370419401498605824729856
Preference Capital33-0-0-0-0-0-0-0-0-0-0
Borrowings1711913100014243
Other Liabilities242263302333278242303311295307493593702
Total Liabilities3223994965755786467557448269481,3521,3571,593
Fixed Assets127119111155132232226254246248247269282
CWIP00196331039571352
Investments105-02320172019152296478379466
Other Assets185275365391393386472466420403624703842
Total Assets3223994965755786467557448269481,3521,3571,593

Triveni Turbine Ltd 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

Triveni Turbine Ltd 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%

Triveni Turbine Ltd Financial Efficiency Indicators Chart

Triveni Turbine Ltd 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

Triveni Turbine Ltd Shareholding Pattern Chart

No. of Triveni Turbine Ltd Shareholders

Triveni Turbine Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Small Cap Fund109420271.66412.02
SBI Magnum Midcap Fund52382131.24197.24
Nippon India Multi Cap Fund46514140.68175.15
Canara Robeco Small Cap Fund17189810.6864.73
Invesco India Smallcap Fund15373861.5857.89
Invesco India Multicap Fund9913911.1937.33
Sundaram Flexicap Fund9880001.837.2
Sundaram Large and Mid Cap Fund8813410.5533.19
HSBC ELSS Tax saver Fund8667000.932.64
HSBC Aggressive Hybrid Fund8556000.6232.22

Triveni Turbine Ltd ROCE Trend

Triveni Turbine Ltd EPS Trend

Triveni Turbine Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)5.978.363.173.773.05
Diluted EPS (Rs.)5.978.363.173.773.05
Cash EPS (Rs.)6.699.123.634.113.64
Book Value[Excl.RevalReserv]/Share (Rs.)23.9526.5219.7216.4013.40
Book Value[Incl.RevalReserv]/Share (Rs.)23.9526.5219.7216.4013.40
Revenue From Operations / Share (Rs.)39.2526.3621.7325.3025.98
PBDIT / Share (Rs.)8.705.945.165.275.19
PBIT / Share (Rs.)8.075.324.534.654.56
PBT / Share (Rs.)8.0411.413.924.544.52
Net Profit / Share (Rs.)6.078.493.013.493.00
NP After MI And SOA / Share (Rs.)6.068.363.173.773.10
PBDIT Margin (%)22.1522.5423.7220.8219.98
PBIT Margin (%)20.5620.1620.8518.3617.53
PBT Margin (%)20.4843.3018.0517.9517.40
Net Profit Margin (%)15.4632.2013.8313.7711.55
NP After MI And SOA Margin (%)15.4331.7014.5814.8811.93
Return on Networth / Equity (%)25.3231.5416.0722.9623.12
Return on Capital Employeed (%)32.9719.7622.5627.3832.43
Return On Assets (%)14.3720.2410.8714.8113.52
Asset Turnover Ratio (%)0.870.750.811.061.13
Current Ratio (X)1.862.292.251.961.61
Quick Ratio (X)1.511.941.711.330.85
Inventory Turnover Ratio (X)3.752.842.152.172.55
Dividend Payout Ratio (NP) (%)0.0026.320.0013.2718.10
Dividend Payout Ratio (CP) (%)0.0024.480.0011.3915.02
Earning Retention Ratio (%)0.0073.680.0086.7381.90
Cash Earning Retention Ratio (%)0.0075.520.0088.6184.98
Interest Coverage Ratio (X)277.78187.83146.7551.09149.51
Interest Coverage Ratio (Post Tax) (X)194.8575.53102.8834.8187.43
Enterprise Value (Cr.)10317.016268.243174.761752.773445.08
EV / Net Operating Revenue (X)8.277.364.522.144.10
EV / EBITDA (X)37.3332.6219.0410.2920.52
MarketCap / Net Operating Revenue (X)8.507.674.682.234.13
Retention Ratios (%)0.0073.670.0086.7281.89
Price / BV (X)13.947.645.163.438.01
Price / Net Operating Revenue (X)8.507.674.682.234.13
EarningsYield0.010.040.030.060.02

Triveni Turbine Ltd Profitability Ratios (%)

Triveni Turbine Ltd Liquidity Ratios

Triveni Turbine Ltd Liquidity Ratios (%)

Triveni Turbine Ltd Interest Coverage Ratios (X)

Triveni Turbine Ltd Valuation Ratios

Fair Value / Intrinsic Value of Triveni Turbine Ltd

Fair Value: ₹384.30

The stock is overvalued by 22.99% compared to the current price ₹499

*Investments are subject to market risks

Strength and Weakness of Triveni Turbine Ltd

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 (418.23 cr) compared to borrowings (0.46 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (606.77 cr) and profit (184.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 5.43 and average Dividend Yield of 19.49%.
  2. The stock has a high average Cash Conversion Cycle of 101.58, which may not be favorable.

Should I Buy Triveni Turbine Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Triveni Turbine Ltd:
    1. Net Profit Margin: 15.46%
      • 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: 32.97% (Industry Average ROCE: 48.09%)
      • 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): 194.85
      • 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: 1.51
      • 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: 63.9 (Industry average Stock P/E: 23.76)
      • 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: 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 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 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