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]
Business Profile[1]Triveni Turbine Limited (TTL) is a leading manufacturer ofindustrial steam turbines up to 100 MW.The company specializes in industrial heat & power solutions and decentralized steam-based renewable turbines. TTL provides steam turbine solutions for Industrial Captive and Renewable Power, serving industries such as biomass, waste-to-energy (WtE), waste heat recovery (WHR), geothermal, cement, steel, petrochemicals, textiles, pulp & paper, and more.It also offers aftermarket services for its turbines and third-party rotating equipment.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | A B B | 5299.00 | 63.57 | 112334.33 | 0.83 | 409.04 | -7.17 | 3310.72 | 13.69 | 38.65 | 13010.65 | 16.56 | 1766.99 | 408.88 | 15.61 | 16.04 | 0.01 |
| 2. | Siemens | 3133.60 | 66.14 | 111599.28 | 0.38 | 485.40 | -7.14 | 5171.20 | 16.02 | 15.83 | 17364.20 | 11.56 | 1687.44 | 484.90 | 8.44 | 7.46 | 0.01 |
| 3. | B H E L | 303.55 | 189.24 | 105698.03 | 0.16 | 374.89 | 253.17 | 7511.80 | 14.09 | 4.87 | 29269.17 | 4.03 | 558.54 | 374.89 | 4.33 | 0.81 | 0.45 |
| 4. | CG Power & Ind | 636.95 | 93.88 | 100310.87 | 0.20 | 284.44 | 29.76 | 2922.79 | 21.14 | 37.48 | 11069.29 | 12.97 | 1068.45 | 286.72 | 13.44 | 14.53 | 0.02 |
| 5. | Siemens Ener.Ind | 2603.30 | 84.27 | 92703.55 | 0.00 | 359.60 | – | 2645.70 | – | 38.52 | 7826.70 | 19.34 | 1100.10 | 359.60 | 21.16 | 13.26 | 0.03 |
| 6. | Hitachi Energy | 19582.00 | 121.81 | 87368.99 | 0.03 | 264.36 | 405.57 | 1832.55 | 17.94 | 19.44 | 6815.40 | 12.60 | 717.23 | 264.36 | 19.04 | 5.77 | 0.02 |
| 7. | GE Vernova T&D | 3150.50 | 87.72 | 80685.58 | 0.16 | 299.48 | 107.08 | 1538.46 | 38.88 | 54.74 | 5094.78 | 23.87 | 919.85 | 299.48 | 38.67 | 14.76 | 0.01 |
| 8. | Triveni Turbine | 532.95 | 48.49 | 16933.89 | 0.75 | 95.50 | 6.11 | 478.60 | 2.09 | 47.60 | 1754.20 | 23.55 | 349.20 | 95.50 | 15.19 | 20.66 | 0.00 |
| – | Median: 37 Co. | 540.25 | 48.49 | 6732.6 | 0.03 | 37.35 | 41.39 | 460.03 | 24.34 | 28.09 | 1522.91 | 13.99 | 169.5 | 45.14 | 6.21 | 12.29 | 0.14 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 293 | 368 | 441 | 301 | 395 | 345 | 287 | 382 | 490 | 259 | 327 | 469 | 479 |
Expenses | 241 | 297 | 341 | 249 | 313 | 268 | 242 | 315 | 372 | 221 | 268 | 360 | 360 |
Operating Profit | 52 | 72 | 99 | 53 | 82 | 77 | 45 | 68 | 119 | 38 | 59 | 109 | 119 |
Other Income | 11 | 15 | 56 | 11 | 17 | 19 | 11 | 18 | 18 | 10 | 12 | 18 | 15 |
Profit before tax | 59 | 80 | 150 | 58 | 93 | 89 | 51 | 80 | 130 | 43 | 65 | 121 | 128 |
Tax % | 25% | 27% | 19% | 25% | 26% | 25% | 27% | 27% | 28% | 26% | 26% | 26% | 25% |
Net Profit | 44 | 59 | 121 | 43 | 69 | 67 | 37 | 58 | 94 | 32 | 49 | 90 | 96 |
EPS in Rs | 1.35 | 1.85 | 3.82 | 1.36 | 2.18 | 2.11 | 1.17 | 1.84 | 2.95 | 0.99 | 1.53 | 2.83 | 3.00 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 508 | 626 | 708 | 733 | 741 | 829 | 810 | 697 | 811 | 1,083 | 1,379 | 1,795 | 1,754 |
Expenses | 400 | 498 | 550 | 568 | 582 | 686 | 664 | 556 | 664 | 906 | 1,126 | 1,384 | 1,341 |
Operating Profit | 108 | 127 | 159 | 165 | 159 | 143 | 146 | 141 | 147 | 177 | 252 | 411 | 413 |
Other Income | 8 | 25 | 21 | 28 | 8 | 16 | 22 | 1 | 215 | 39 | 56 | 108 | 108 |
Interest | 2 | 2 | 2 | 2 | 2 | 3 | 5 | 3 | 2 | 2 | 4 | 4 | 2 |
Depreciation | 13 | 14 | 15 | 15 | 19 | 20 | 20 | 20 | 20 | 19 | 20 | 21 | 23 |
Profit before tax | 101 | 136 | 163 | 177 | 146 | 136 | 142 | 120 | 340 | 195 | 284 | 494 | 496 |
Net Profit | 68 | 91 | 109 | 116 | 98 | 88 | 110 | 89 | 249 | 145 | 209 | 374 | 378 |
EPS in Rs | 2.07 | 2.76 | 3.30 | 3.52 | 2.98 | 2.71 | 3.40 | 2.74 | 7.72 | 4.56 | 6.58 | 11.78 | 11.88 |
Dividend Payout % | 36% | 31% | 33% | 34% | 34% | 0% | 15% | 44% | 25% | 0% | 55% | 34% | – |
Standalone figures in ₹ crores
| 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 | 33 | 33 | 33 | 33 | 33 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
Reserves | 148 | 203 | 266 | 363 | 413 | 383 | 466 | 560 | 739 | 593 | 733 | 1,002 | 1,084 |
Borrowings | 8 | 2 | 1 | 0 | 0 | 0 | 1 | 3 | 2 | 4 | 3 | 26 | 2 |
Other Liabilities | 274 | 273 | 275 | 235 | 298 | 308 | 290 | 302 | 463 | 537 | 641 | 707 | 817 |
Total Liabilities | 463 | 510 | 574 | 631 | 744 | 723 | 790 | 897 | 1,236 | 1,166 | 1,408 | 1,766 | 1,934 |
Fixed Assets | 108 | 134 | 132 | 232 | 226 | 254 | 246 | 248 | 240 | 256 | 268 | 284 | 298 |
Gross Block | 185.02 | 226.17 | 146.93 | 261.65 | 274.14 | 322.54 | 330.95 | 351.85 | 362.98 | 394.80 | 423.33 | 460.02 | – |
Accumulated Depreciation | 77.38 | 92.54 | 15.29 | 29.79 | 48.52 | 68.12 | 84.46 | 104.16 | 123.43 | 138.51 | 155.61 | 175.78 | – |
CWIP | 0 | 6 | 33 | 10 | 39 | 5 | 7 | 1 | 3 | 5 | 1 | 1 | 4 |
Investments | 8 | 14 | 21 | 14 | 19 | 15 | 139 | 278 | 466 | 332 | 400 | 310 | 373 |
Other Assets | 347 | 356 | 389 | 375 | 461 | 449 | 397 | 371 | 527 | 572 | 739 | 1,170 | 1,259 |
Total Assets | 463 | 510 | 574 | 631 | 744 | 723 | 790 | 897 | 1,236 | 1,166 | 1,408 | 1,766 | 1,934 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 29 | 58 | 140 | 74 | 94 | 141 | 178 | 175 | 391 | 151 | 234 | 141 |
Cash from Investing Activity | -31 | -17 | -47 | -74 | -50 | -8 | -120 | -210 | -324 | 138 | -160 | -5 |
Cash from Financing Activity | -25 | -38 | -70 | -19 | -48 | -124 | -21 | -2 | -73 | -288 | -76 | -107 |
Net Cash Flow | -27 | 3 | 23 | -18 | -5 | 9 | 37 | -37 | -6 | 1 | -3 | 29 |
Standalone Figures in ₹ Crores / Yearly
| 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 | 76 | 90 | 68 | 74 | 101 | 76 | 55 | 40 | 41 | 33 | 33 | 72 |
Inventory Days | 146 | 119 | 143 | 138 | 174 | 173 | 146 | 170 | 138 | 122 | 109 | 79 |
Days Payable | 169 | 112 | 81 | 86 | 137 | 93 | 53 | 75 | 85 | 61 | 73 | 113 |
Cash Conversion Cycle | 53 | 96 | 131 | 126 | 138 | 156 | 148 | 135 | 94 | 94 | 69 | 38 |
Working Capital Days | 12 | 37 | 43 | 63 | 83 | 64 | 30 | -4 | -60 | -54 | -50 | 57 |
ROCE % | 61% | 66% | 56% | 51% | 35% | 32% | 31% | 24% | 20% | 25% | 38% | 48% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
May 2025
Feb 2025
Nov 2024
Aug 2024
May 2024
Feb 2024
Nov 2023
Nov 2023
Aug 2023
May 2023
Feb 2023
Jan 2023
Nov 2022
Aug 2022
May 2022
Feb 2022
Oct 2021
Aug 2021
Jun 2021
Feb 2021
Nov 2020
Aug 2020
Jun 2020
Feb 2020
Nov 2019
Aug 2019
May 2019
Feb 2019
Nov 2018
Oct 2018
Jul 2018
May 2018
Feb 2018
Nov 2017
Aug 2017
May 2017
Feb 2017
Nov 2016
Aug 2016
Jun 2016
Feb 2016
Stock Analysis
Triveni Turbine Limited is a leading manufacturer of industrial steam turbines and provides power generating equipment and solutions, including aftermarket services.
Order Book: Q2 FY26 = ₹22.20 Billion (+24% YoY); Q1 FY26 = ₹20.73 Billion (+20% YoY)
Currently no data available for Key Red Flags.
Currently no data available for Key Dates To Watch.
Corporate Announcements
