Triveni Turbine Q1 FY27 Share Price & Earnings Call Analysis

₹469.60+3.07% today
Market cap
₹14,926 Cr
P/E
42.99
ROE
25.23%
PEG
1.75
Price to sales
6.63
Debt to equity
0.02
52W high / low
₹742 / ₹435
Sales growth (5Y)
25.43%
EBITDA margin
18.95%
Net profit margin
15.39%
Promoter holding
55.84%
Sales (last year)
₹2,253 Cr

Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. [1] It was a division of Triveni Engineering & Industries Ltd[2] since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.[3]

Guidance scorecard · Q1 FY27 call

What Triveni Turbine Ltd's management guided
and where it ranks in Electrical Equipment

#47of 58 in
Electrical Equipment

RevenueQ1 FY27 call

10–20%
  • Triveni Turbine is optimistic about revenue and profit growth for full-year FY 2027, expecting it to be back-ended (Q1 noted as challenging).
  • The company anticipates positive traction in revenue growth, driven by order execution and increased aftermarket spares and services.
  • Growth is expected mainly from exports and aftermarket businesses, which accounted for 68% and 39% of order bookings respectively, showing strong momentum.
  • Domestic and product order bookings slowed in Q1 2027 but optimism remains for recovery.
  • Expansion in international markets, especially in Southeast Asia, Africa, Europe, and the US aftermarket, supports growth prospects.

2 more points from Triveni Turbine Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Triveni Turbine Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Triveni Turbine continues to invest heavily in research and development to develop new product ranges and solutions, including Organic Rankine Cycle (ORC) technology and combined heat pump with Mechanical Vapor Recompression (MVR) solutions.
  • The company has invested in establishing service and product capabilities in the U.S. to leverage the large installed base, particularly targeting refurbishment, repair, and maintenance opportunities.
  • They are focusing on expanding local presence and workshops in global markets like the U.S. to build confidence with customers and strengthen aftermarket services.
  • Triveni is also dedicating resources toward digital transformation, including AI-specific initiatives, to improve productivity and customer relevance.
Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Triveni Turbine Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Closing order book as of June 30: ₹21.8 billion (5.1% YoY increase from ₹20.74 billion a year ago).
  • Export orders constitute 57% of the closing order book.
  • Aftermarket business closing orders increased 115% YoY to ₹6.24 billion, contributing 29% to the closing order book.
  • Approximately ₹175 crore of orders pending execution at end of Q4; about 40% expected to execute in Q1 & Q2, remainder in Q3.

2 more points from Triveni Turbine Ltd's call on the order book

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Full Q1 FY27 analysis

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 Electrical Equipment
on management's own guidance

  1. 2
  2. Strong growth
    1
  3. 3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Electrical Equipment companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹72,673 Cr18.1
240%+Up 2%+₹21,700 Cr158.1
340%+Up 2%+₹491 Cr12.2
440%+Up 0–2%₹12,434 Cr48.4
540%+Up 0–2%₹2,042 Cr35.4
640%+Up 0–2%₹529 Cr7.0

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Financials of Triveni Turbine Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Triveni Turbine Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +370376388432458463501503538371506624680
Expenses +303306314348368368390394418298392491552
Operating Profit66717484909611110912074115133128
OPM %18%19%19%19%20%21%22%22%22%20%23%21%19%
Other Income +1213141718192022202218416
Interest0111111011011
Depreciation5556566688899
Profit before tax7379839510210812412513287125127134
Tax %24%22%23%28%25%25%27%26%28%26%27%28%24%
Net Profit +566164687680919395649192102
EPS in Rs1.751.912.022.152.392.522.862.912.952.032.872.903.21

Financials of Triveni Turbine Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6517137457518408187038521,2481,6542,0062,181
Expenses +5265535775946876605536921,0121,3331,5661,732
Operating Profit125160168157153158149161235321439449
OPM %19%22%23%21%18%19%21%19%19%19%22%21%
Other Income +30253381924622743628161
Interest422235333563
Depreciation161515192020202020212634
Profit before tax136167185144149156132365256358489473
Tax %32%32%33%33%33%22%22%26%25%25%27%26%
Net Profit +9311312496100122102270193269359349
EPS in Rs2.743.423.742.913.103.773.178.366.068.4711.2411.00
Dividend Payout %31%32%32%34%0%13%38%23%0%43%36%41%

Financials of Triveni Turbine Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333232323232323232
Reserves1962663704194014986058247299281,1851,414
Borrowings +131000142433936
Other Liabilities +3332782423033112953074935937077831,015
Total Liabilities5755786467557448269481,3521,3571,6702,0392,497
Fixed Assets +155132232226254246248247269283323363
CWIP63310395713511917
Investments2320172019152296478379458348304
Other Assets +3913933864724664204036247039281,3481,813
Total Assets5755786467557448269481,3521,3571,6702,0392,497

Financials of Triveni Turbine Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +711408291148188187433196271187111
Cash from Investing Activity +-34-46-75-49-8-128-214-36389-195-722
Cash from Financing Activity +-37-70-19-48-124-21-2-75-288-76-111-141
Net Cash Flow-124-11-61539-29-5-3-169-8
Free Cash Flow6097-14413317617441915724014439
CFO/OP93%118%83%90%128%145%147%326%110%107%71%53%

Financials of Triveni Turbine Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days83687410176564043383966107
Inventory Days1291431381741711461701381221087877
Days Payable1268288139915176856478125176
Cash Conversion Cycle85129124136157151134979670208
Working Capital Days214260816431-6-57-48-3947118
ROCE %63%57%52%34%34%32%25%21%29%38%41%36%

Guidance history

How Triveni Turbine Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned—Rising
Q4 FY26 call →10–20%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising
Q2 FY26 call →10–20%FlatNone planned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

15out of 100

Momentum score · price trend

15 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−12.4%46%
Last 6 months−18.1%22%
Last 3 months−22.7%11%

The price is 42.2% below its all-time high of ₹812 (16 Aug 2024). Stocks more than 20% below their peak have their score halved, so 29 became 15.

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 Turbine Ltd: 0.4 × 46 + 0.4 × 22 + 0.2 × 11 = 29, halved to 15 because the price is more than 20% below its all-time high.

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 29 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.

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