Triveni Turbine
- Market cap
- ₹ 14,137 Cr.
- P/E
- 41.7x
- P/B
- 9.96x
- 52-week range
- 428.35 – 787.6
- ROE
- 25%
- ROCE
- 34%
- Dividend yield
- 0.9%
- Debt / equity
- 0.02
- Sector
- Electrical Equipment
- Industry
- Heavy Electrical Equipment
- Listed on
- NSE, BSE
About
Triveni Turbine Limited is an India-based industrial steam turbine manufacturer. The Company is primarily engaged in the business of manufacturing and supplying power-generating equipment and solutions. It designs, develops, and delivers advanced technological steam turbine generators (STGs) of up to 100 megawatts electric (Mwe) range for power generation and combined heat and power generation applications across a broad spectrum of industries. It operates through two business segments: Product business and Aftermarket. Its products include API Turbines for Drives and Power Generation, Transcritical CO2 Heat Pump & Chiller, and SMART Turbines for Pressure Reducer DeSuperheater (PRDS). It caters to various industries, including geothermal power plants, independent power plants, industrial captive power plants, oil & gas plants, and utility power plants. Its REFURB (Multi-brand services) includes efficiency enhancements by the complex re-engineering of rotating equipment.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Heavy Electrical Equipment: 51 companies →Triveni Turbine 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)41.7 against a typical 30.6: pricier than most peers (1st = cheapest).30th of 50
- Sales growth+19.4% against a typical +23.8% from a year earlier.24th of 41
- Profit growth−20.3% against a typical +24.6% from a year earlier.29th of 40
- Share price, 3 months−26% against a typical −8.7%.42nd of 45
- Size₹ 14,136.9 Cr. market value against a typical ₹ 5,357.9 Cr. (1st = largest).13th of 47
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 18 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 18 Sep 2026 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 1,099.5 Cr. | |
| 20 Aug 2025 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 889.5 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 10 Aug 2026 | Financial Results | To consider and approve the Unaudited Financial Results of the Company, both on standalone and consolidated basis, for the first quarter ended on June 30, 2026. |
| 18 May 2026 | Financial Results/Dividend | To consider and approve the Audited Financial Results for the financial year ended March 31, 2026 and recommendation of final dividend, if any for the financial year 2025-26. |
| 3 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and declare interim dividend, if any. |
| 10 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 10 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 388 | 432 | 458 | 463 | 501 | 503 | 538 | 371 | 506 | 624 | 680 | 443 |
| Expenses | 314 | 348 | 368 | 368 | 390 | 394 | 418 | 298 | 392 | 491 | 552 | 391 |
| Operating Profit | 74 | 84 | 90 | 96 | 111 | 109 | 120 | 74 | 115 | 133 | 128 | 51 |
| OPM % | 19% | 19% | 20% | 21% | 22% | 22% | 22% | 20% | 23% | 21% | 19% | 12% |
| Other Income | 14 | 17 | 18 | 19 | 20 | 22 | 20 | 22 | 18 | 4 | 16 | 28 |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation | 5 | 6 | 5 | 6 | 6 | 6 | 8 | 8 | 8 | 9 | 9 | 9 |
| Profit before tax | 83 | 95 | 102 | 108 | 124 | 125 | 132 | 87 | 125 | 127 | 134 | 70 |
| Tax % | 23% | 28% | 25% | 25% | 27% | 26% | 28% | 26% | 27% | 28% | 24% | 27% |
| Net Profit | 64 | 68 | 76 | 80 | 91 | 93 | 95 | 64 | 91 | 92 | 102 | 51 |
| EPS in Rs | 2.02 | 2.15 | 2.39 | 2.52 | 2.86 | 2.91 | 2.95 | 2.03 | 2.87 | 2.9 | 3.21 | 1.61 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 12%
- 5 Years
- 25%
- 3 Years
- 20%
- TTM
- 18%
- 10 Years
- 12%
- 5 Years
- 25%
- 3 Years
- 25%
- TTM
- 2%
- 10 Years
- 17%
- 5 Years
- 35%
- 3 Years
- 15%
- TTM
- —
- 10 Years
- 24%
- 5 Years
- 24%
- 3 Years
- 27%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Triveni Turbine | ₹ 456.00 | ₹ 14,137 Cr. | 41.7x | 10x | 25% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.4x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 22.8x | 7.5x | 40.6% | 19% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 73.4x | 10x | 13.7% | 6.7% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 112.5x | 7x | 5.8% | 3.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 34.1x | 5.4x | 17% | 28.7% |
Management
- Dhruv Manmohan Sawhney
- Executive Chairman of the Board, Managing Director
- Sunkavalli Narayana Prasad
- Chief Executive Officer
- Nikhil Sawhney
- Executive Vice Chairman of the Board, Managing Director
- Lalit Agarwal
- Chief Financial Officer, Vice President
- Sachin Parab
- Chief Operating Officer
- Pulkit Bhasin
- Chief Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.