Triveni Engg. & Inds. Ltd
NSE: TRIVENI · Sugar · sector
₹225.92NSE close 2026-10-26
Key numbers
Market cap₹4,979 cr
Price₹225.92
52w high / low₹490 / ₹220
P/E17.7xSector median 12.9x
P/B1.5xSector median 0.9x
Book value₹151.7
Dividend yield1.75%Sector median 0.91%
ROE8.7%Sector median 6.3%
ROCE8.3%Sector median 6.8%
OPM7.0%Sector median 6.0%
Debt / equity0.64xSector median 0.72x
EV/EBITDA13.2xSector median 11.8x
Interest cover4.9x
Current ratio1.49x
Sales growth 3y+6.5%Sector median -1.4%
Profit growth 3y-46.9%Sector median -11.6%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 35 companies in Sugar (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹70 cr vs borrowings ₹2,147 cr (FY26): borrowings are higher by ₹2,077 cr.
- Borrowings rose in each of the last 3 years (₹911 cr → ₹2,147 cr).
- Operating profit covered interest 4.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 23% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹225.92 on 2026-10-26: -53.9% from the 52-week high, +2.7% 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 ₹499.60 · low ₹225.92
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,748 | 1,600 | 1,925 | 1,954 | 2,014 | 1,818 | 1,834 | 1,950 |
| EBITDA | 5 | 77 | 308 | 54 | 66 | 128 | 286 | 53 |
| OPM % | 0.3% | 4.8% | 16.0% | 2.7% | 3.3% | 7.1% | 15.6% | 2.7% |
| Other income | 14 | 24 | 9 | 23 | 21 | 24 | 8 | 10 |
| Net profit | -19 | 48 | 187 | 4 | 26 | 84 | 167 | 4 |
| EPS (₹) | -1.02 | 1.94 | 8.55 | 0.02 | 1.18 | 3.84 | 7.60 | 0.17 |
| Revenue YoY | +15.2% | +13.6% | -4.8% | -0.2% | ||||
| Profit YoY | – | +74.8% | -10.5% | -17.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4,694 | 6,310 | 6,151 | 6,808 | 7,621 | 7,617 |
| EBITDA | 628 | 2,017 | 626 | 476 | 534 | 533 |
| Net profit | 424 | 1,792 | 395 | 238 | 269 | 281 |
| EPS (₹) | 17.54 | 74.58 | 18.05 | 10.88 | 12.19 | 12.79 |
| Revenue growth | +34.4% | -2.5% | +10.7% | +11.9% | +5.4% | |
| Profit growth | +322.5% | -77.9% | -39.7% | +12.8% | +27.5% | |
| Dividend / share (₹) | 3.00 | 2.00 | 2.25 | 1.25 | 4.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +6.5% | +10.1% | +5.4% |
| Net profit | -46.9% | -1.8% | +27.5% |
| EPS | -45.3% | +0.3% | – |
| Share price | – | -23.6% (2y) | -32.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 2,665 | 2,901 | 3,111 | 3,343 |
| Borrowings | – | 911 | 1,411 | 1,969 | 2,147 |
| Cash & equivalents | – | 80 | 78 | 55 | 70 |
| Total assets | – | 4,454 | 5,118 | 6,242 | 6,521 |
| Fixed assets | – | 1,454 | 1,502 | 2,320 | 2,386 |
| Capital work in progress | – | 28 | 226 | 32 | 14 |
| Investments | – | 6 | 52 | 7 | 6 |
| Receivables | – | 392 | 345 | 520 | 559 |
| Inventory | – | 1,996 | 2,420 | 2,738 | 2,986 |
| Payables | – | 415 | 357 | 560 | 446 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -173 | 397 | 100 | -106 | 188 |
| Cash from investing | -257 | 1,414 | -359 | -323 | -163 |
| Cash from financing | 442 | -1,762 | 263 | 395 | -16 |
| Capex | 293 | 236 | 357 | 300 | 183 |
| Free cash flow | -467 | 162 | -256 | -406 | 5 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 67.2% | 13.6% | 7.7% | 8.0% |
| ROCE % | – | 56.0% | 13.6% | 8.0% | 8.5% |
| Debtor days | – | 23 | 20 | 28 | 27 |
| Inventory days | – | 178 | 245 | 242 | 238 |
| Payable days | – | 37 | 36 | 49 | 36 |
| Cash conversion cycle (days) | – | 164 | 229 | 221 | 229 |
| Working capital days | – | 78 | 77 | 61 | 62 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 60.58% |
| FIIs | 7.50% |
| DIIs | 6.18% |
| of which Mutual funds | 4.75% |
| Public (non-institutions) | 25.75% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 60.98% | 60.58% | 60.58% |
| Promoter group | % |
|---|---|
| STFL Trading and Finance Private Limited | 36.16% |
| Dhruv Manmohan Sawhney | 8.29% |
| Nikhil Sawhney | 5.89% |
| Tarun Sawhney | 5.67% |
| Rati Sawhney | 2.83% |
| MAN Mohan Sawhney HUF | 1.73% |
| Tarana Sawhney | 0.01% |
| Tarun Sawhney Trust | 0.00% |
| Nikhil Sawhney Trust | 0.00% |
| Public holders above 1% | % |
|---|---|
| DSP Small CAP Fund | 4.33% |
| Anil Kumar Goel | 3.54% |
| Hara Global Capital Master Fund I Ltd | 1.32% |
| Sona India Investments LLC | 1.11% |
| Manohar Devabhaktuni | 1.06% |
| Seema Goel | 1.06% |
1,04,154 shareholders. Pledged: 0.00% of promoter shares.
Peers in Sugar
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| BALRAMCHIN | ₹13,212 cr | 34.1x | 3.2x | 9.3% | 8.1% | 11.3% | +10.4% | 0.53% |
| TRIVENI | ₹4,979 cr | 17.7x | 1.5x | 8.7% | 8.3% | 7.0% | +6.5% | 1.75% |
| BANARISUG | ₹4,029 cr | 33.1x | 2.1x | 6.6% | 7.3% | 9.3% | -8.8% | 0.39% |
| RENUKA | ₹3,858 cr | – | – | – | -2.7% | 0.3% | +0.5% | – |
| DALMIASUG | ₹3,357 cr | 16.5x | 1.0x | 6.3% | 7.0% | 10.8% | +3.6% | 1.45% |
| BAJAJHIND | ₹2,606 cr | 12.9x | 0.7x | 2.9% | 0.8% | 4.8% | -4.9% | – |
| AVADHSUGAR | ₹1,627 cr | 24.7x | 1.4x | 5.9% | 6.8% | 8.2% | -1.3% | 1.23% |
| UTTAMSUGAR | ₹1,179 cr | 13.6x | 1.3x | 10.4% | 10.2% | 9.3% | +2.3% | 0.87% |
| DHAMPURSUG | ₹1,095 cr | 15.6x | 0.9x | 6.0% | 6.8% | 6.4% | -0.8% | 0.02% |
| DBOL | ₹806 cr | 9.5x | 0.8x | 8.2% | 5.4% | 4.2% | +5.7% | 1.02% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| SUGAR | ₹4,477 cr | 54.7% | ₹272 cr | 6.1% |
| DISTILLERY | ₹2,883 cr | 35.2% | ₹119 cr | 4.1% |
| POWER TRANSMISSION | ₹340 cr | 4.2% | ₹120 cr | 35.4% |
| WATER | ₹268 cr | 3.3% | ₹31 cr | 11.5% |
| OTHERS | ₹219 cr | 2.7% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-31 | Dividend | Dividend - Rs 1.25 Per Share |
| 2026-07-22 | Restructuring | Demerger |
| 2026-02-06 | Dividend | Interim Dividend - Rs 1.50 Per Share |
| 2025-09-01 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-09-06 | Dividend | Dividend - Re 1.25 Per Share |
| 2024-02-09 | Dividend | Interim Dividend - Rs 2.25 Per Share & Special Dividend Rs 2.25 Per Share |
| 2023-09-01 | Dividend | Annual General Meeting/Dividend - Rs Per Share |
| 2022-12-22 | Buyback | Buy Back |
| 2022-08-12 | Dividend | Dividend - Rs 2 Per Share |
| 2021-11-09 | Dividend | Interim Dividend - Rs 1.25 Per Share |
| 2021-09-08 | Dividend | Annual General Meeting/Dividend - Rs 1.75 Per Share |
| 2020-08-27 | Buyback | Buyback |
| 2020-02-18 | Dividend | Interim Dividend - Re 1.1 Per Share |
| 2019-06-18 | Buyback | Buyback |
| 2019-02-25 | Dividend | Interim Dividend - Re 0.70 Per Share |
| 2017-08-22 | Dividend | Interim Dividend - Re 0.25 Per Share |
| 2015-09-16 | Other | Annual General Meeting |
| 2014-07-30 | Other | Annual General Meeting |
| 2013-02-12 | Dividend | Annual General Meeting / Dividend Re 0.10 Per Share |
| 2012-02-03 | Dividend | Dividend-Re.0.20 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
- Sugar: Sugar and Co-gen plants
- Distillery*: Ethanol, Extra Neutral Alcohol (ENA) and Alcoholic Beverages
- Water Business Group: Equipment / Turnkey Projects under EPC relating to water treatment and incidental services including O&M
- Power Transmission Business: Manufacture of high speed and niche low speed Gear Boxes, including gear internals, defense products, aftermarket services and retro fitment solutions
| Sector | Fast Moving Consumer Goods |
| Industry | Sugar |
| Sub-industry | Sugar |
| Symbol | TRIVENI |
| BSE code | 532356 |
| ISIN | INE256C01024 |
| Face value | ₹1.0 |
| Incorporated | 1932-07-27 |
| Website | https://www.trivenigroup.com |
| Plants (India / abroad) | 21 / 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.