Whalesbook
Motilal Oswal ne Triveni Turbine ke liye target price ₹720 per share set kiya hai, aur unka 'Buy' rating bhi maintain hai. Brokerage firm ka kehna hai ki company ka robust order pipeline hi is bullish outlook ka main reason hai.
Orders ki growth future revenue ko kaise boost karegi?
Triveni Turbine ke orders mein year-on-year 19% ki growth dikhi hai, aur unki inquiry book toh double ho gayi hai. Ye demand thermal power, industrial capex, aur renewable energy sectors mein kaafi strong lag rahi hai. Export markets bhi wapis se strong ho rahe hain, aur United States mein toh kaafi growth opportunities hain jaise combined cycle applications, geothermal, biomass, aur data center power.
Valuation aur competitors ka kya scene hai?
₹720 ka target price current levels se kaafi acha upside dikha raha hai. Motilal Oswal June 2028 ke earnings estimates par 40x Price-to-Earnings (P/E) multiple laga rahe hain. Triveni Turbine ka current P/E 53.30 ke aas-paas hai, jo ki 10-year median 37.34 se lagbhag 43% zyada hai. Ye investors ka confidence dikhata hai. Company Thermax Ltd. aur Siemens Ltd. jaise players ke saath compete karti hai, lekin India ke manufacturing sector mein positive growth sentiment ka fayda mil raha hai, bhale hi raw material costs badh rahe hon.
Margin pressure ko kaise deal kar rahe hain?
Order flow toh strong hai, lekin pichhle quarter mein margin pressure ki wajah se profit-after-tax par asar pada tha. Motilal Oswal ko FY27 aur FY28 tak margin 21-21.5% tak recover hone ki ummeed hai. Isme increased exports, aftermarket services, aur low-margin project ke khatam hone ka contribution hoga. Lekin agar export orders mein delay hua ya input costs badhte rahe, toh ye recovery ruk sakti hai. Stock ka high P/E ratio ye bhi dikhata hai ki market ne already kaafi growth price in kar li hai, isliye agar performance mein kami aayi toh stock gir bhi sakta hai.
Triveni Turbine ka balance sheet debt-free hai aur unke paas kaafi cash reserves hain, jo financial risk kam karta hai. Lekin kai Indian manufacturers ki tarah, raw materials aur logistics ki wajah se badhti production costs profitability par asar daal sakti hain.
Aage ka outlook aur investors ke liye kya?
Motilal Oswal ka revised target price Triveni Turbine ki order book leverage karne aur margin recover karne ki ability par depend karta hai. US market aur aftermarket services par company ka focus growth ke liye important hai. Triveni Turbine Centrum Nakshatra - III Conference mein bhi participate karne wali hai. Analysts ka overall consensus 'Buy' rating ka hai, jismein average target price lagbhag ₹631.50 hai, aur kuch targets toh ₹840 tak bhi ja rahe hain. Margin pressure ko manage karna aur bade order book ko execute karna company ke valuation potential ke liye crucial hoga.