Triveni Turbine (TRITURBINE) had a P/E of 46.6× on 6 Nov 2026, above the industry P/E of 33.8×, and the shares are 37% below their 52-week high. It earns ROCE of 32% and ROE of 26%, and sales and net profit grew 20% and 22% a year over 3 years. It has almost no debt, and its dividend yield is 0.8%. It is a small-cap company with a market cap of ₹15,665 Cr, ranked 16th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 3.9% over the past year.
- ₹510.10
- ₹510.40
- ₹483.55
- ₹515.10
- 6.4 L
Health check
- ReturnsIn line
−3.9% over a year, better than 3 of 7 peers.
- Price tagPricier
P/E 46.6 vs industry 33.8.
- GrowthStrong
Sales +20.4%, profit +22.0% a year over 3 years.
- ProfitabilityStrong
ROCE 31.9% vs peer median 24.8%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 20.8% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹15,665 Cr
- Small cap
- P/E
- 46.6
- Industry 33.8
- Price to book
- 10.82
- Peers 9.16
- Dividend yield
- 0.78%
- ROE
- 26.3%
- Peers 19.1%
- ROCE
- 31.9%
- Peers 24.8%
- Debt to equity
- 0.02
- Debt ₹36 Cr
- EPS (TTM)
- ₹10.57
- Face value ₹1
- OPM (TTM)
- 19.0%
- Net margin 14.9%
- Sales growth
- +19.2%
- Latest quarter vs a year ago
- Profit growth
- −20.8%
- Latest quarter vs a year ago
- Price to sales
- 6.95
- EV/EBITDA 35.3
Strengths and risks
Strengths
- Return on equity of 26.3%.
- Return on capital employed of 31.9%.
- Practically debt-free.
- Quarterly sales up 19.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 20.8% on a year ago.
- 37% below its 52-week high.
About Triveni Turbine
Triveni Turbine Limited, together with its subsidiaries, manufactures and supplies power generating equipment and solutions in India and internationally. The company offers backpressure and condensing steam turbines for a range of combined heat and power and power generation applications; and American Petroleum Institute single and multi-stage steam turbines for various drive, chemicals, petrochemicals, petroleum refineries, and fertilizer applications.…
- Headquarters
- Noida
- Employees
- 928
- Sector
- Industrials
- ISIN
- INE152M01016
- Website
- triveniturbines.com
Price range
- Avg volume (3M)
- 5.8 L
- 1-year return
- minus 3.9%
- From 52-week high
- minus 37.4%
Analyst consensus
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 87.3 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 20.6% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| TRITURBINETriveni Turbine | 492.75 | minus 4.34% | 15,665 | 46.6 | 32.0 | 31.9% | 19.0% | 0.02 | 20.4% | minus 3.9% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 371 | 506 | 624 | 680 | 443 | |
| 298 | 392 | 490 | 552 | 391 | |
| 73.6 | 115 | 134 | 128 | 51.3 | |
| 19.8% | 22.6% | 21.5% | 18.8% | 11.6% | |
| 22.1 | 18.4 | 18.6 | 16.1 | 28.4 | |
| 0.8 | 0.4 | 0.7 | 0.7 | 0.6 | |
| 7.7 | 8 | 9.4 | 9 | 9.4 | |
| – | – | −15.7 | – | – | |
| 87.2 | 125 | 127 | 134 | 69.7 | |
| 26.1% | 26.6% | 27.7% | 24.2% | 26.7% | |
| 64.5 | 91.2 | 92.1 | 102 | 51.1 | |
| 2.03 | 2.87 | 2.89 | 3.21 | 1.60 |
Profit & loss
- Sales CAGR 3Y
- +20.4%
- Profit CAGR 3Y
- +22.0%
- EPS CAGR 3Y
- +22.6%
- ROE
- 26.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,236 | 1,643 | 1,994 | 2,159 | |
| – | +32.9% | +21.4% | +8.3% | |
| 1,001 | 1,319 | 1,554 | 1,696 | |
| 236 | 324 | 439 | 463 | |
| 19.1% | 19.7% | 22.0% | 21.4% | |
| 16.1 | 27.8 | 43.6 | 36.3 | |
| 0.9 | 2.5 | 2.7 | 2.5 | |
| 19.9 | 20.8 | 26.3 | 34.1 | |
| 24.5 | 29.7 | 34.5 | 10.7 | |
| 256 | 358 | 489 | 473 | |
| 24.5% | 24.7% | 26.6% | 26.1% | |
| 193 | 269 | 357 | 350 | |
| – | +39.8% | +32.7% | minus 2.1% | |
| 5.97 | 8.47 | 11.23 | 11.00 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31.8 | 31.8 | 31.8 | 31.8 | |
| 729 | 928 | 1,185 | 1,414 | |
| 3.7 | 3.1 | 39.2 | 35.9 | |
| 576 | 691 | 763 | 1,015 | |
| 1,340 | 1,654 | 2,019 | 2,497 | |
| 266 | 276 | 339 | 382 | |
| 5.9 | 1.4 | 22.1 | 29 | |
| 7 | 25 | – | 99.9 | |
| 664 | 858 | 987 | 869 | |
| 396 | 493 | 671 | 1,116 | |
| 1,340 | 1,654 | 2,019 | 2,497 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 196 | 271 | 187 | 111 | |
| 86.2 | −197 | −11.3 | 21.9 | |
| −288 | −76.4 | −111 | −141 | |
| −5.8 | −2.6 | 64.7 | −8.5 | |
| −38.6 | −31.7 | −42.9 | −71.6 | |
| 157 | 239 | 144 | 39.4 | |
| −50.1 | −73.1 | −105 | −135 |
Shareholding pattern
- Promoters55.84%
- Public44.16%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 55.84% | 44.16% | 0.00 | |
| 30 Jun 2026 | 55.84% | 44.16% | 0.00 | |
| 31 Mar 2026 | 55.84% | 44.16% | 0.00 | |
| 31 Dec 2025 | 55.84% | 44.16% | 0.00 | |
| 30 Sep 2025 | 55.84% | 44.16% | – |
Major shareholders
Filings & events
News
No recent news coverage found.