Triveni Turbine Q1 FY27 Share Price & Earnings Call Analysis
- 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
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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MarginsQ1 FY27 call
Up 0–2%See what Triveni Turbine Ltd said on margins — free account, 30 seconds.
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.
FundraisingQ1 FY27 call
See what Triveni Turbine Ltd said on fundraising — free account, 30 seconds.
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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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
- 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
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingFinancials 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 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 370 | 376 | 388 | 432 | 458 | 463 | 501 | 503 | 538 | 371 | 506 | 624 | 680 |
| Expenses + | 303 | 306 | 314 | 348 | 368 | 368 | 390 | 394 | 418 | 298 | 392 | 491 | 552 |
| Operating Profit | 66 | 71 | 74 | 84 | 90 | 96 | 111 | 109 | 120 | 74 | 115 | 133 | 128 |
| OPM % | 18% | 19% | 19% | 19% | 20% | 21% | 22% | 22% | 22% | 20% | 23% | 21% | 19% |
| Other Income + | 12 | 13 | 14 | 17 | 18 | 19 | 20 | 22 | 20 | 22 | 18 | 4 | 16 |
| Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 |
| Depreciation | 5 | 5 | 5 | 6 | 5 | 6 | 6 | 6 | 8 | 8 | 8 | 9 | 9 |
| Profit before tax | 73 | 79 | 83 | 95 | 102 | 108 | 124 | 125 | 132 | 87 | 125 | 127 | 134 |
| Tax % | 24% | 22% | 23% | 28% | 25% | 25% | 27% | 26% | 28% | 26% | 27% | 28% | 24% |
| Net Profit + | 56 | 61 | 64 | 68 | 76 | 80 | 91 | 93 | 95 | 64 | 91 | 92 | 102 |
| EPS in Rs | 1.75 | 1.91 | 2.02 | 2.15 | 2.39 | 2.52 | 2.86 | 2.91 | 2.95 | 2.03 | 2.87 | 2.90 | 3.21 |
Financials of Triveni Turbine Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 651 | 713 | 745 | 751 | 840 | 818 | 703 | 852 | 1,248 | 1,654 | 2,006 | 2,181 |
| Expenses + | 526 | 553 | 577 | 594 | 687 | 660 | 553 | 692 | 1,012 | 1,333 | 1,566 | 1,732 |
| Operating Profit | 125 | 160 | 168 | 157 | 153 | 158 | 149 | 161 | 235 | 321 | 439 | 449 |
| OPM % | 19% | 22% | 23% | 21% | 18% | 19% | 21% | 19% | 19% | 19% | 22% | 21% |
| Other Income + | 30 | 25 | 33 | 8 | 19 | 24 | 6 | 227 | 43 | 62 | 81 | 61 |
| Interest | 4 | 2 | 2 | 2 | 3 | 5 | 3 | 3 | 3 | 5 | 6 | 3 |
| Depreciation | 16 | 15 | 15 | 19 | 20 | 20 | 20 | 20 | 20 | 21 | 26 | 34 |
| Profit before tax | 136 | 167 | 185 | 144 | 149 | 156 | 132 | 365 | 256 | 358 | 489 | 473 |
| Tax % | 32% | 32% | 33% | 33% | 33% | 22% | 22% | 26% | 25% | 25% | 27% | 26% |
| Net Profit + | 93 | 113 | 124 | 96 | 100 | 122 | 102 | 270 | 193 | 269 | 359 | 349 |
| EPS in Rs | 2.74 | 3.42 | 3.74 | 2.91 | 3.10 | 3.77 | 3.17 | 8.36 | 6.06 | 8.47 | 11.24 | 11.00 |
| 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
| Reserves | 196 | 266 | 370 | 419 | 401 | 498 | 605 | 824 | 729 | 928 | 1,185 | 1,414 |
| Borrowings + | 13 | 1 | 0 | 0 | 0 | 1 | 4 | 2 | 4 | 3 | 39 | 36 |
| Other Liabilities + | 333 | 278 | 242 | 303 | 311 | 295 | 307 | 493 | 593 | 707 | 783 | 1,015 |
| Total Liabilities | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 | 2,497 |
| Fixed Assets + | 155 | 132 | 232 | 226 | 254 | 246 | 248 | 247 | 269 | 283 | 323 | 363 |
| CWIP | 6 | 33 | 10 | 39 | 5 | 7 | 1 | 3 | 5 | 1 | 19 | 17 |
| Investments | 23 | 20 | 17 | 20 | 19 | 152 | 296 | 478 | 379 | 458 | 348 | 304 |
| Other Assets + | 391 | 393 | 386 | 472 | 466 | 420 | 403 | 624 | 703 | 928 | 1,348 | 1,813 |
| Total Assets | 575 | 578 | 646 | 755 | 744 | 826 | 948 | 1,352 | 1,357 | 1,670 | 2,039 | 2,497 |
Financials of Triveni Turbine Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 71 | 140 | 82 | 91 | 148 | 188 | 187 | 433 | 196 | 271 | 187 | 111 |
| Cash from Investing Activity + | -34 | -46 | -75 | -49 | -8 | -128 | -214 | -363 | 89 | -195 | -7 | 22 |
| Cash from Financing Activity + | -37 | -70 | -19 | -48 | -124 | -21 | -2 | -75 | -288 | -76 | -111 | -141 |
| Net Cash Flow | -1 | 24 | -11 | -6 | 15 | 39 | -29 | -5 | -3 | -1 | 69 | -8 |
| Free Cash Flow | 60 | 97 | -1 | 44 | 133 | 176 | 174 | 419 | 157 | 240 | 144 | 39 |
| CFO/OP | 93% | 118% | 83% | 90% | 128% | 145% | 147% | 326% | 110% | 107% | 71% | 53% |
Financials of Triveni Turbine Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 68 | 74 | 101 | 76 | 56 | 40 | 43 | 38 | 39 | 66 | 107 |
| Inventory Days | 129 | 143 | 138 | 174 | 171 | 146 | 170 | 138 | 122 | 108 | 78 | 77 |
| Days Payable | 126 | 82 | 88 | 139 | 91 | 51 | 76 | 85 | 64 | 78 | 125 | 176 |
| Cash Conversion Cycle | 85 | 129 | 124 | 136 | 157 | 151 | 134 | 97 | 96 | 70 | 20 | 8 |
| Working Capital Days | 21 | 42 | 60 | 81 | 64 | 31 | -6 | -57 | -48 | -39 | 47 | 118 |
| 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
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | — | Rising |
| Q4 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | None planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
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.
| Period | Share price change | Better 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.
Continue your research
What Triveni Turbine Ltd's management said in earlier quarters
- Q2 FY26 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 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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