Triveni Turbine Limited (IN:TRITURBINE)
:TRITURBINE
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Triveni Turbine Limited
(TRITURBINE)
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Rating:73Outperform
Price Target:
₹788.00
▲(46.22% Upside)
Action:Reiterated
Date:05/22/26
The score is driven primarily by strong underlying financial quality (growth, solid margins overall, and very low leverage), tempered by the recent deterioration in margins and cash-flow conversion. Technically, the uptrend is strong but appears overbought, while valuation is a clear headwind due to the high P/E and low dividend yield.
Positive Factors
Very low leverage
Triveni's extremely low debt-to-equity (~0.025) and conservative financing provide durable financial flexibility. This allows the company to fund project-backed working capital, invest in aftermarket capabilities, and withstand cyclical downturns without pressuring cash flows or forcing asset sales.
Negative Factors
Gross margin compression
A sharp drop in gross margin of this magnitude signals structural pressure from input costs, pricing, or adverse project mix. If persistent, margin erosion reduces operating leverage, constrains free cash flow, and impairs the company's ability to fund aftermarket investments and maintain return levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Triveni's extremely low debt-to-equity (~0.025) and conservative financing provide durable financial flexibility. This allows the company to fund project-backed working capital, invest in aftermarket capabilities, and withstand cyclical downturns without pressuring cash flows or forcing asset sales.
Read all positive factors
Triveni Turbine Limited (TRITURBINE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹235.74B
Dividend Yield0.75%
Average Volume (3M)25.91K
Price to Earnings (P/E)67.3
Beta (1Y)1.16
Revenue Growth8.74%
EPS Growth-2.07%
CountryIN
Employees819
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)10.80
Shares Outstanding317,895,000
10 Day Avg. Volume42,866
30 Day Avg. Volume25,912
Financial Highlights & Ratios
PEG Ratio-16.11
Price to Book (P/B)9.67
Price to Sales (P/S)6.41
P/FCF Ratio168.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)13.64
Revenue Forecast (FY)₹24.54B
Triveni Turbine Limited Business Overview & Revenue Model
Company Description
Triveni Turbine Limited, together with its subsidiaries, engages in the manufacture and supply of power generating equipment and solutions in India. The company offers back-pressure and condensing steam turbines for a range of pressure and flow ap...
How the Company Makes Money
Triveni Turbine makes money mainly by (1) selling new steam turbine generator packages and (2) providing high-margin aftermarket services over the installed base. New equipment revenue is generated through customer projects where the company suppl...
Triveni Turbine Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.19B | 21.81B | 20.06B | 16.44B | 12.38B | 8.41B |
| Gross Profit | 8.51B | 7.72B | 10.06B | 4.53B | 3.25B | 2.25B |
| EBITDA | 5.00B | 4.50B | 5.18B | 3.84B | 2.78B | 3.92B |
| Net Income | 3.42B | 3.50B | 3.57B | 2.69B | 1.93B | 2.70B |
Balance Sheet | ||||||
| Total Assets | 21.95B | 24.97B | 20.19B | 16.73B | 13.57B | 13.50B |
| Cash, Cash Equivalents and Short-Term Investments | 9.98B | 5.80B | 6.72B | 8.58B | 6.64B | 7.51B |
| Total Debt | 384.00M | 358.00M | 391.00M | 31.18M | 37.16M | 26.55M |
| Total Liabilities | 8.91B | 10.51B | 8.00B | 7.11B | 5.96B | 4.92B |
| Stockholders Equity | 13.00B | 14.46B | 12.16B | 9.60B | 7.60B | 8.57B |
Cash Flow | ||||||
| Free Cash Flow | 25.00M | 832.00M | 1.44B | 2.39B | 1.57B | 4.18B |
| Operating Cash Flow | 387.00M | 1.55B | 1.87B | 2.71B | 1.96B | 4.33B |
| Investing Cash Flow | 120.00M | -223.00M | -113.00M | -1.97B | 861.60M | -3.86B |
| Financing Cash Flow | -661.00M | -1.41B | -1.11B | -763.67M | -2.88B | -746.11M |
Triveni Turbine Limited Technical Analysis
Positive
538.90
Price Trends
544.25
Positive
519.91
Positive
523.63
Positive
Market Momentum
49.75
Negative
78.87
Negative
82.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRITURBINE, the sentiment is Positive. The current price of 538.9 is below the 20-day moving average (MA) of 623.57, below the 50-day MA of 544.25, and above the 200-day MA of 523.63, indicating a bullish trend. The MACD of 49.75 indicates Negative momentum. The RSI at 78.87 is Negative, neither overbought nor oversold. The STOCH value of 82.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRITURBINE.
Triveni Turbine Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹235.74B | 67.31 | ― | 0.75% | 8.74% | -2.07% | |
69 Neutral | ₹129.33B | 34.72 | ― | 0.43% | 1.02% | -10.02% | |
65 Neutral | ₹280.27B | 48.80 | ― | 0.50% | 21.42% | 17.24% | |
64 Neutral | ₹1.45T | 90.59 | ― | 0.18% | 19.21% | 199.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ₹1.37T | 87.96 | ― | 0.38% | -25.52% | -32.46% | |
54 Neutral | ₹68.34B | 28.58 | ― | 0.59% | 6.14% | -4.01% |
* Industrials Sector Average
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Triveni Turbine Limited Corporate Events
Triveni Turbine Publishes Postal Ballot Notice, Opens Special Demat Window
Feb 25, 2026
Triveni Turbine Limited has notified stock exchanges that it has published newspaper advertisements announcing the completion of electronic dispatch of its Postal Ballot notice to shareholders, including e-voting instructions, in line with the Com...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.