Triveni Engineering and Industries Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹4,972 Cr
- P/E
- 19.00
- ROE
- 8.68%
- PEG
- -0.97
- Price to sales
- 0.79
- Debt to equity
- 0.65
- 52W high / low
- ₹477 / ₹222
- Sales growth (5Y)
- 6.12%
- EBITDA margin
- 8.18%
- Net profit margin
- 4.45%
- Promoter holding
- 60.58%
- Sales (last year)
- ₹6,173 Cr
Triveni Engineering and Industries Ltd is an Integrated and diversified conglomerate in areas of sugar, ethanol and engineering. it is located strategically in sugarcane-rich western and central belt of UP. The company is among the Top 3 manufacturers in India for sugar & second highest supplier for ethanol.
Guidance scorecard · Q1 FY27 call
What Triveni Engineering and Industries Ltd's management guided
and where it ranks in Agricultural Food & other Products
Agricultural Food & other Products
RevenueQ1 FY27 call
0–10%- Sugar business: Expected moderate sugar pricing with potential small increases; no significant stress on sugar prices anticipated; better average recovery rates projected for sugar season 2026-27 due to healthier crops and improved pest control.
- Ethanol/distillery business: Medium-term outlook encouraging; blended ethanol reached 20% in ESY 2025-26; some Q4 stress expected but government actions may improve utilization; gradual shift towards grain-based ethanol anticipated.
- Alcoholic beverages (country liquor and branded spirits): Country liquor doing well with capacity to meet near-term growth; branded spirits growing but not yet profitable; cautious capital allocation with focus on operational excellence.
2 more points from Triveni Engineering and Industries Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Triveni Engineering and Industries Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Triveni Engineering is actively examining future capital allocation and strategic investment areas, with the Board deliberating on options.
- Current significant businesses are distillery and sugar; cash flows over the next years will guide future investments.
- Water business is excellent but offers low return on capital; additional capital allocation is constrained until returns improve.
- Country liquor business has good return metrics but limited capacity to absorb large capital due to geographic and regulatory constraints; growth will continue with limited capital.
- Branded alcoholic beverages segment is growing and holds promise but is currently not profit-generating; capital allocation here will be judicious and dependent on operational performance and demand ramp-up.
2 more points from Triveni Engineering and Industries Ltd's call on capex
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FundraisingQ1 FY27 call
See what Triveni Engineering and Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The closing order book for Triveni Engineering's water business stood at a healthy ₹1,472 crores as of Q1 FY27.
- This order book includes ₹1,065 crores worth of longer-duration Operation & Maintenance (O&M) contracts.
- During the quarter, ₹9 crores worth of new orders were received.
- The business has a viable pipeline with substantial bids in excess of ₹300 crores submitted during the quarter.
2 more points from Triveni Engineering and Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Agricultural Food & other Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Agricultural Food & other Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹911 Cr | 14.0 | |
| 2 | 40%+ | Up 0–2% | ₹129 Cr | 7.0 | |
| 3 | 40%+ | Flat | ₹23 Cr | 9.5 | |
| 4 | 20–40% | Up 2%+ | ₹219 Cr | 15.0 | |
| 5 | 20–40% | Up 2%+ | ₹190 Cr | 17.9 | |
| 6 | 20–40% | Up 0–2% | ₹2,595 Cr | 33.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Agricultural Food & other Products rankingTriveni Engineering and Industries Ltd announcements
All announcements →- Acquisition / mergerNotableTriveni Power Transmission Ltd gets equity shares listing approval on BSE and NSE
Financials of Triveni Engineering and Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Triveni Engineering and Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,463 | 1,583 | 1,198 | 1,409 | 1,311 | 1,302 | 1,301 | 1,491 | 1,268 | 1,629 | 1,598 | 1,706 | 1,478 |
| Expenses + | 1,269 | 1,319 | 1,073 | 1,346 | 1,118 | 1,057 | 1,214 | 1,486 | 1,191 | 1,321 | 1,545 | 1,640 | 1,328 |
| Operating Profit | 193 | 263 | 125 | 63 | 193 | 246 | 86 | 5 | 77 | 308 | 53 | 66 | 150 |
| OPM % | 13% | 17% | 10% | 4% | 15% | 19% | 7% | 0% | 6% | 19% | 3% | 4% | 10% |
| Other Income + | 37 | 22 | 12 | 12 | 22 | 16 | 11 | 14 | 24 | 9 | 23 | 21 | 2 |
| Interest | 8 | 10 | 21 | 10 | 6 | 18 | 26 | 16 | 11 | 30 | 38 | 22 | 13 |
| Depreciation | 24 | 24 | 25 | 26 | 26 | 27 | 29 | 32 | 33 | 32 | 35 | 36 | 36 |
| Profit before tax | 199 | 251 | 91 | 39 | 182 | 217 | 42 | -30 | 58 | 255 | 3 | 29 | 103 |
| Tax % | 26% | 24% | 26% | 26% | 25% | 26% | 26% | -26% | 26% | 27% | 27% | 26% | 24% |
| Net Profit + | 147 | 190 | 68 | 29 | 137 | 161 | 31 | -22 | 43 | 187 | 2 | 21 | 78 |
| EPS in Rs | 6.09 | 8.69 | 3.09 | 1.33 | 6.28 | 7.36 | 1.43 | -0.88 | 2.20 | 8.36 | 0.20 | 1.18 | 3.84 |
Financials of Triveni Engineering and Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2014 18m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,153 | 2,061 | 1,915 | 2,824 | 3,370 | 3,152 | 4,437 | 4,674 | 4,291 | 5,617 | 5,220 | 5,689 | 6,412 |
| Expenses + | 3,083 | 2,079 | 1,789 | 2,302 | 3,094 | 2,842 | 3,893 | 4,112 | 3,655 | 4,999 | 4,593 | 5,210 | 5,834 |
| Operating Profit | 70 | -18 | 126 | 522 | 276 | 309 | 543 | 562 | 636 | 618 | 627 | 479 | 578 |
| OPM % | 2% | -1% | 7% | 18% | 8% | 10% | 12% | 12% | 15% | 11% | 12% | 8% | 9% |
| Other Income + | 45 | 30 | 41 | -36 | 33 | 83 | 56 | 28 | 73 | 1,496 | 62 | 54 | 55 |
| Interest | 187 | 122 | 115 | 127 | 85 | 68 | 79 | 52 | 55 | 57 | 56 | 83 | 102 |
| Depreciation | 119 | 59 | 59 | 57 | 55 | 57 | 75 | 79 | 81 | 93 | 104 | 126 | 140 |
| Profit before tax | -191 | -169 | -7 | 302 | 169 | 268 | 446 | 460 | 574 | 1,964 | 529 | 324 | 390 |
| Tax % | -8% | -10% | -1% | 16% | 29% | 19% | 25% | 36% | 26% | 9% | 25% | 27% | |
| Net Profit + | -176 | -152 | -7 | 253 | 119 | 216 | 335 | 295 | 424 | 1,792 | 395 | 238 | 288 |
| EPS in Rs | -6.84 | -5.90 | -0.28 | 9.81 | 4.62 | 8.38 | 13.52 | 12.19 | 17.54 | 81.86 | 18.05 | 11.11 | 13.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% | 8% | 8% | 14% | 19% | 4% | 32% | 22% |
Financials of Triveni Engineering and Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 26 | 26 | 26 | 26 | 26 | 26 | 25 | 24 | 24 | 22 | 22 | 22 | 22 |
| Reserves | 814 | 633 | 561 | 810 | 921 | 1,115 | 1,314 | 1,532 | 1,889 | 2,643 | 2,879 | 3,089 | 3,064 |
| Borrowings + | 1,176 | 1,472 | 1,678 | 1,721 | 1,240 | 1,684 | 1,530 | 990 | 1,575 | 929 | 1,424 | 1,980 | 768 |
| Other Liabilities + | 1,005 | 834 | 740 | 554 | 850 | 985 | 1,181 | 1,078 | 815 | 865 | 799 | 1,124 | 837 |
| Total Liabilities | 3,021 | 2,965 | 3,006 | 3,111 | 3,036 | 3,810 | 4,050 | 3,624 | 4,303 | 4,459 | 5,124 | 6,215 | 4,691 |
| Fixed Assets + | 950 | 875 | 862 | 858 | 847 | 842 | 1,087 | 1,073 | 1,077 | 1,470 | 1,517 | 2,334 | 2,309 |
| CWIP | 2 | 18 | 9 | 2 | 10 | 205 | 26 | 22 | 257 | 28 | 226 | 32 | 82 |
| Investments | 68 | 81 | 99 | 109 | 116 | 113 | 142 | 146 | 193 | 6 | 55 | 10 | 10 |
| Other Assets + | 2,000 | 1,990 | 2,036 | 2,142 | 2,063 | 2,650 | 2,796 | 2,383 | 2,775 | 2,955 | 3,326 | 3,840 | 2,291 |
| Total Assets | 3,021 | 2,965 | 3,006 | 3,111 | 3,036 | 3,810 | 4,050 | 3,624 | 4,303 | 4,459 | 5,124 | 6,215 | 4,691 |
Financials of Triveni Engineering and Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 23 | -141 | -93 | 145 | 621 | -169 | 510 | 791 | -173 | 397 | 100 | -106 |
| Cash from Investing Activity + | 14 | -33 | -28 | -39 | -41 | -215 | -107 | -108 | -257 | 1,414 | -359 | -319 |
| Cash from Financing Activity + | -40 | 172 | 119 | -102 | -583 | 394 | -386 | -704 | 442 | -1,762 | 263 | 395 |
| Net Cash Flow | -2 | -2 | -2 | 4 | -3 | 11 | 17 | -21 | 12 | 49 | 4 | -30 |
| Free Cash Flow | -18 | -180 | -134 | 104 | 569 | -407 | 394 | 704 | -465 | 162 | -255 | -404 |
| CFO/OP | 41% | 758% | -72% | 27% | 248% | -40% | 107% | 152% | -3% | 99% | 35% | -5% |
Financials of Triveni Engineering and Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 41 | 48 | 36 | 34 | 27 | 29 | 16 | 23 | 25 | 24 | 33 |
| Inventory Days | 216 | 275 | 372 | 333 | 223 | 347 | 215 | 185 | 261 | 179 | 246 | 242 |
| Days Payable | 126 | 147 | 118 | 51 | 89 | 104 | 85 | 66 | 45 | 37 | 36 | 49 |
| Cash Conversion Cycle | 116 | 169 | 302 | 318 | 168 | 271 | 159 | 135 | 239 | 167 | 234 | 226 |
| Working Capital Days | 3 | -25 | -25 | 20 | 2 | 43 | 49 | 51 | 56 | 83 | 86 | 70 |
| ROCE % | -0% | -2% | 5% | 21% | 11% | 13% | 18% | 19% | 21% | 18% | 15% | 9% |
Guidance history
How Triveni Engineering and Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 0–10% | Flat | Planned | — | — |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Up 2%+ | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
63 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +17.8% | 73% |
| Last 6 months | +5.7% | 64% |
| Last 3 months | −12.1% | 39% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Triveni Engineering and Industries Ltd: 0.4 × 73 + 0.4 × 64 + 0.2 × 39 = 63.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Triveni Engineering and Industries Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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