NSE: TRITURBINE · BSE: 533655 · ISIN INE152M01016
Triveni Turbine Limited stock analysis
Triveni Turbine Limited ranks #779 in the TickerSutra evidence-ranked universe with a score of 60/100 and 95% data confidence. The latest captured fundamentals show ROCE of 34.1%, quarterly sales growth of 19.2% and quarterly profit growth of -20.8%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 34.1%
- Low debt/equity of 0.02×
- 20.5% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹852cr | ₹161cr | ₹270cr | 19.0% |
| 2023 | ₹1,248cr | ₹235cr | ₹193cr | 19.0% |
| 2024 | ₹1,654cr | ₹321cr | ₹269cr | 19.0% |
| 2025 | ₹2,006cr | ₹439cr | ₹359cr | 22.0% |
| 2026 | ₹2,181cr | ₹452cr | ₹349cr | 21.0% |
| TTM | ₹2,252cr | ₹427cr | ₹336cr | 19.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineAlteration Of Capital and Fund Raising-XBRLNSE · 25 Sept 2026 · Structured filingTriveni Turbine Limited has informed the Exchange regarding Allotment of Securities
Triveni Turbine Limited has informed the Exchange regarding Allotment of Securities
Open original XBRL sourceAllotment of 2,000 equity shares under ESOP Scheme.
RoutineESOP/ESOS/ESPSNSE · 25 Sept 2026Triveni Turbine Limited has informed the Exchange regarding Allotment of 2000 Shares.
RoutineTriveni Turbine Ltd - 533655 - Announcement under Regulation 30 (LODR)-Credit RatingNSE · 18 Sept 2026Intimation regarding Credit Rating.
RoutineTriveni Turbine Ltd - 533655 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 10 Sept 2026Voting Results with Scrutinizer''s Report for the 31st Annual General Meeting of the Company.
MANAGEMENT COMMENTARY
Signals from filed documents
On the order booking front, the order booking for the quarter stood at ₹5.68 billion as compared to ₹5.36 billion in Q1 FY 2026, a growth of 6.1% year - over-year, an increase led entirely by exports and aftermarket. Export order booking grew 53.4% yea r-over-year, accounting for 68% of the total order booking as against 47% in Q1 FY 2026. This reflects our continued traction and momentum across Southeast Asia, Afric
Enhancing execution and digital capabilities As our business expands, we are investing in strengthening our manufacturing footprint and supply chain capabilities. By enhancing production flexibility, deepening supplier partnerships, and building a resilient sourcing ecosystem, we are not only improving execution competencies but also scaling our ability to manufacture increasingly complex products, while maintaining
Revenue from operations came in at ₹4.43 billion, up by 19.2% year -on-year. Domestic sales grew by 27.4% to ₹2.4 billion and exports grew by ₹10.8 billion to ₹2.03 billion. Taking the export share in revenue to 48.8% against 49.3% in Q1 FY 2026, a reflection of the stronger domestic contribution this quarter.
This reflects the continued role of conventional thermal energy in meeting the growing global energy requirement, as renewable sources alone are yet to fully address the incremental demand for reliable power. Triveni Turbines: Sustained Market Leadership through Innovation Over the past decade, Triveni Turbines has consistently outpaced broader market trends, supported by rising demand for industrial heat and power i
Mitigation strategy: • Risk Management Committee overseeing and evaluating cyber security risks, enforcing strict data protection, ensuring compliance with local privacy laws, and undertaking regular system audits • Maintaining IT best practices and product safety regulations to prevent any serious threat to the Company’s digital systems TTL undertakes complex engineering and project execution assignments, including
But suffice to say that the company is Page 4 of 16 optimistic on the growth, both in margins and absolute and on a percentage basis in the second half of this year. And as we look at the full -year FY 2027, we are confident to exhibit top line and bottom line growth. With that, ladies and gentlemen, I am happy to take Q&A.
And second, in terms of, you have written about the cost push also. What was the kind of contribution of impacts from the commodity inflation also in this quarter? Nikhil Sawhney: So your question is around margins, and how we have exhibited margins this current quarter.
During the year, Triveni Turbines continued its support to Ananta Aspen Centre in New Delhi, which hosted roundtable masterclasses on advanced technologies and geopolitical trends for college and university students. As technological transformation accelerates across sectors such as artificial intelligence, space systems, and next-generation energy, there is a growing need for focussed platforms that surface key tech
(Yes/ No) Yes Yes Yes Yes Yes Yes Yes Yes Yes b. Has the policy been approved by the Board? (Yes/No) Yes Yes Yes Yes Yes Yes Yes Yes Yes c.
I do not know if that answers your question fully but that is the way we view it. Because if you are taking the explanation that we have for this current Q1 and extrapolating it to future quarters, certain BOP orders can be at a higher margin also. It does not necessarily need to be only because of what you suggested.
Now in the combined cycle where there is an opportunity for us, I think somebody on the call mentioned that you are expecting an enquiry to get converted into order sometime in this year. So, just want to understand in terms of product approvals, are the approvals in place and how is the competition in the combined cycle? And also on small modular re actors, there also, do we see some traction happening this year in
One is, as mentioned, that these are all fixed contracts because as far as the customer is concerned, it is a fixed locked price. During the execution, if any commodity price increases there, that is a risk what we carry along with us. Suppose if the volatility is too much, then sometimes that hits.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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