Triveni Turbine Limited
NSE: TRITURBINE · Heavy Electrical Equipment · sector
₹446.60NSE close 2026-10-26
Key numbers
Market cap₹14,202 cr
Price₹446.60
52w high / low₹788 / ₹428
P/E42.2xSector median 27.8x
P/B9.8xSector median 5.4x
Book value₹45.5
Dividend yield0.95%Sector median 0.19%
ROE25.3%Sector median 18.8%
ROCE31.8%Sector median 21.4%
OPM18.3%Sector median 15.1%
Debt / equity0.00xSector median 0.09x
EV/EBITDA33.0xSector median 21.4x
Interest cover191.3x
Current ratio1.98x
Sales growth 3y+20.5%Sector median +22.1%
Profit growth 3y+22.0%Sector median +27.5%
PEG1.87x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Heavy Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹580 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 191.3x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 25% of net profit in the last 12 months.
- Debtor days went from 39 (FY24) to 107 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹446.60 on 2026-10-26: -43.3% from the 52-week high, +4.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹814.40 · low ₹435.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 501 | 503 | 538 | 371 | 506 | 624 | 680 | 443 |
| EBITDA | 111 | 109 | 120 | 74 | 115 | 118 | 128 | 51 |
| OPM % | 22.2% | 21.7% | 22.4% | 19.8% | 22.6% | 19.0% | 18.8% | 11.6% |
| Other income | 20 | 22 | 20 | 22 | 18 | 20 | 16 | 28 |
| Net profit | 91 | 92 | 94 | 64 | 91 | 92 | 102 | 51 |
| EPS (₹) | 2.85 | 2.92 | 2.99 | 2.03 | 2.87 | 2.89 | 3.21 | 1.60 |
| Revenue YoY | +1.0% | +24.0% | +26.3% | +19.2% | ||||
| Profit YoY | +0.3% | -0.3% | +8.5% | -20.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 852 | 1,248 | 1,654 | 2,006 | 2,181 | 2,252 |
| EBITDA | 361 | 234 | 319 | 437 | 435 | 412 |
| Net profit | 270 | 193 | 269 | 357 | 350 | 336 |
| EPS (₹) | 8.36 | 5.97 | 8.47 | 11.28 | 11.00 | 10.57 |
| Revenue growth | +46.4% | +32.6% | +21.3% | +8.7% | +17.7% | |
| Profit growth | -28.7% | +39.8% | +32.7% | -2.1% | -1.6% | |
| Dividend / share (₹) | 1.60 | 0.85 | 1.30 | 3.30 | 4.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.5% | +25.4% | +17.7% |
| Net profit | +22.0% | +27.8% | -1.6% |
| EPS | +22.6% | +28.3% | – |
| Share price | – | -22.5% (2y) | -12.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 760 | 960 | 1,216 | 1,446 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 664 | 858 | 672 | 580 |
| Total assets | – | 1,340 | 1,654 | 2,019 | 2,497 |
| Fixed assets | – | 261 | 275 | 316 | 353 |
| Capital work in progress | – | 5 | 1 | 19 | 17 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 129 | 178 | 363 | 639 |
| Inventory | – | 200 | 226 | 195 | 244 |
| Payables | – | 114 | 175 | 342 | 558 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 433 | 196 | 271 | 187 | 111 |
| Cash from investing | -386 | 86 | -197 | -11 | 22 |
| Cash from financing | -75 | -288 | -76 | -111 | -141 |
| Capex | 16 | 39 | 32 | 43 | 72 |
| Free cash flow | 418 | 157 | 239 | 144 | 39 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 25.3% | 28.0% | 29.4% | 24.2% |
| ROCE % | – | 33.7% | 37.5% | 40.4% | 33.0% |
| Debtor days | – | 38 | 39 | 66 | 107 |
| Inventory days | – | 113 | 101 | 71 | 77 |
| Payable days | – | 64 | 78 | 125 | 176 |
| Cash conversion cycle (days) | – | 87 | 62 | 12 | 8 |
| Working capital days | – | 142 | 146 | 166 | 165 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.84% |
| FIIs | 18.39% |
| DIIs | 17.85% |
| of which Mutual funds | 16.42% |
| of which Insurance | 0.54% |
| Government | 0.00% |
| Public (non-institutions) | 7.93% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% |
| Promoter group | % |
|---|---|
| Subhadra Trade and Finance Limited | 27.28% |
| Rati Sawhney | 10.34% |
| Dhruv Manmohan Sawhney | 8.22% |
| Tarun Sawhney | 4.31% |
| Nikhil Sawhney | 3.93% |
| Man Mohan Sawhney HUF ( Mr. Dhruv Manmohan Sawhney) | 1.11% |
| Zia Nikhil Sawhney | 0.31% |
| Zahan Nikhil Sawhney | 0.31% |
| Tarana Sawhney | 0.01% |
| Triveni Engineering & Industries Limited | 0.00% |
| Tarun Sawhney Trust (Mr. Dhruv Manmohan Sawhney and Mr. Tarun Sawhney - Trustees) | 0.00% |
| Nikhil Sawhney Trust (Mr. Dhruv Manmohan Sawhney and Mr. Nikhil Sawhney - Trustees) | 0.00% |
| Public holders above 1% | % |
|---|---|
| ICICI Prudential Energy Opportunities Fund | 4.49% |
| Nalanda India Equity Fund Limited | 3.87% |
| Nalanda India Fund Limited | 3.50% |
| Nippon Life India Trustee Ltd-a/c Nippon India Multi CAP Fund | 2.89% |
| SBI Midcap Fund | 1.60% |
| HSBC Mutual Fund - HSBC Midcap Fund | 1.20% |
| Edelweiss Trusteeship Co Ltd AC- Edelweiss MF AC- Edelweiss MID CAP Fund | 1.18% |
1,54,357 shareholders. Pledged: 0.00% of promoter shares.
Peers in Heavy Electrical Equipment
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BHEL | ₹1,37,384 cr | 47.7x | 5.1x | 11.2% | 13.5% | 10.1% | +13.1% | 0.12% |
| ABB | ₹1,34,715 cr | 45.1x | 14.4x | 36.1% | 22.4% | 14.0% | – | – |
| CGPOWER | ₹1,31,237 cr | 104.9x | 16.5x | 16.5% | 21.3% | 12.5% | +30.7% | 0.16% |
| POWERINDIA | ₹1,19,751 cr | 104.0x | 23.1x | 24.5% | 29.9% | 14.9% | +22.2% | 0.02% |
| SIEMENS | ₹1,16,725 cr | 35.6x | 8.4x | 25.0% | 14.2% | 10.0% | +41.0% | 0.37% |
| ENRIN | ₹98,074 cr | 65.9x | 20.4x | 34.3% | 42.0% | 20.9% | – | 0.14% |
| GVT&D | ₹97,043 cr | 74.3x | 36.1x | 58.5% | 65.5% | 25.2% | +30.8% | 0.13% |
| SUZLON | ₹51,051 cr | 16.3x | 5.4x | 40.4% | 29.2% | 17.7% | +41.0% | – |
| THERMAX | ₹35,902 cr | 60.5x | 6.5x | 11.3% | 12.5% | 8.6% | +9.8% | 0.44% |
| TRITURBINE | ₹14,202 cr | 42.2x | 9.8x | 25.3% | 31.8% | 18.3% | +20.5% | 0.95% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Dividend | Dividend - Rs 2 Per Share |
| 2026-02-09 | Dividend | Interim Dividend - Rs 2.25 Per Share |
| 2025-09-01 | Dividend | Dividend - Rs 2 Per Share |
| 2025-02-06 | Dividend | Interim Dividend - Rs 2 Per Share |
| 2024-09-06 | Dividend | Dividend - Rs 1.30 Per Share |
| 2024-09-06 | Other | Annual General Meeting |
| 2024-02-16 | Dividend | Interim Dividend - Rs 1.30 Per Share/ Special Dividend - Re 1 Per Share |
| 2022-12-22 | Buyback | Buy Back |
| 2022-08-11 | Dividend | Dividend - Re 0.85 Per Share/ Special Dividend - Re 0.70 Per Share |
| 2021-11-08 | Dividend | Interim Dividend - Rs 0.40 Per Share/ Special Dividend - Rs 0.60 Per Share |
| 2021-09-07 | Dividend | Dividend - Rs 1.20 Per Share |
| 2019-11-14 | Dividend | Interim Dividend - Rs 0.50 Per Share |
| 2018-12-27 | Buyback | Buy Back |
| 2018-09-05 | Dividend | Dividend Re 0.55 Per Share |
| 2017-11-20 | Dividend | Interim Dividend - Re 0.45 Per Share |
| 2017-08-03 | Dividend | Dividend - Re 0.75/- Per Share |
| 2016-08-18 | Dividend | Interim Dividend - Re 0.45/- Per Share |
| 2016-03-22 | Dividend | Interim Dividend - Re 0.70/- Per Share (Purpose Revised) |
| 2015-11-19 | Dividend | Interim Dividend - Re 0.40/- Per Share |
| 2015-07-31 | Dividend | Final Dividend - Re 0.60/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Steam Turbines & Accessories and parts thereof: Manufacturing services
- Servicing Operations and Maintenance of Steam turbines: Manufacturing services
| Sector | Industrials |
| Industry | Heavy Electrical Equipment |
| Sub-industry | Heavy Electrical Equipment |
| Symbol | TRITURBINE |
| BSE code | 533655 |
| ISIN | INE152M01016 |
| Face value | ₹1.0 |
| Incorporated | 1995-06-27 |
| Website | www.triveniturbines.com |
| Plants (India / abroad) | 2 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.