Triveni Engineering & Industries Ltd

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• DebtHigh safetyRated AA+ by ICRA.
• ResultsGrowingIn the Jun 2026 quarter, sales rose 2.1% and profit rose 74% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 61% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 19 times its yearly earnings (P/E), pricier than 73% of the time in the last 5 years. Its usual P/E is about 10.

Triveni Engineering & Industries Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)19 against a typical 16.6: pricier than most peers (1st = cheapest).24th of 40
• Sales growth+2.1% against a typical +5.7% from a year earlier.21st of 36
• Profit growth+73.8% against a typical −21.1% from a year earlier.5th of 16
• Share price, 3 months−3.7% against a typical +3.3%.27th of 38

Exchange filings and their impact on the company.

• 19 Oct 2026General UpdatesLow impactNegativePrice −2.8% on 21 Oct
  Rs 0.23 cr GST penalty on Shamli unit, to be appealed, with negligible financial impact.

  Triveni Engineering said its Shamli sugar unit, erstwhile Sir Shadi Lal Enterprises, received an order dated 19 October 2026 from the Assistant Commissioner, CGST Division Shamli imposing a penalty of Rs 22.92 lakh under CGST and UPGST laws. The demand alleges tax invoices were issued without actual supply of goods during FY 2020-21 and 2021-22. The company said there is no impact on operations and it intends to file an appeal before the Commissioner. The amount is negligible compared to annual sales and profit, so no meaningful financial impact is expected.

  Full analysisFiling
• 9 Oct 2026Scheme of ArrangementMedium impactPositivePrice −0.9% that day
  Transmission demerger completes with TPTL listing on Oct 12, unlocking value but removing high-margin earnings from TEIL.

  Triveni Engineering said its demerged Power Transmission arm, Triveni Power Transmission Ltd, has received listing and trading approvals from BSE and NSE. The 10,47,54,338 equity shares of Rs 2 each (BSE: 544824, NSE: TRIVENIPT) will list and start trading from October 12, 2026. This completes the Composite Scheme of Arrangement with Sir Shadi Lal Enterprises, with TEIL shareholders to hold the new listed transmission company separately.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Dhruv Manmohan Sawhney

Executive Chairman of the Board, Managing Director

Suresh Taneja

Group Chief Financial Officer

Geeta Bhalla

Compliance Officer, Group Vice President, Company Secretary

Vivek Viswanathan

Additional Whole-Time Director