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Triveni Turbine Ltd Performance

Today's Low
525.25
arrowIcon
Today's High
561.95
52 Wk Low
312.00
arrowIcon
52 Wk High
578.00


Open

528.1

Traded Value (Cr)

83.77 Cr

Prev. Close

540.65

VWAP

543.32

Volume

7,73,634

Face Value

1

Triveni Turbine Ltd Fundamentals

Market Cap
₹ 17,373 Cr
P/E Ratio (TTM)
69.89
P/B Ratio
19.58
Debt to Equity
0.00
ROE
26.27 %
EPS (TTM)
7.82
Dividend Yield
0.00%
Book Value
27.91

Click here to know more about Fundamentals

Triveni Turbine Ltd Financials

Triveni Turbine Ltd Financials

Triveni Turbine Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 55.84 % 55.84 % 55.84 % 55.84 %
FII 27.26 % 27.28 % 27.68 % 26.78 %
Mutual Funds 12.22 % 12.20 % 11.36 % 12.31 %
Retail 3.58 % 3.69 % 4.01 % 4.00 %
Others 1.09 % 0.98 % 1.10 % 1.06 %

Promoters

55.84%

FII

27.26%

Mutual Funds

12.22%

Retail

3.58%

Others

1.09%

Promoters

55.84%

FII

27.28%

Mutual Funds

12.20%

Retail

3.69%

Others

0.98%

Promoters

55.84%

FII

27.68%

Mutual Funds

11.36%

Retail

4.01%

Others

1.10%

Promoters

55.84%

FII

26.78%

Mutual Funds

12.31%

Retail

4.00%

Others

1.06%

Resistance and Support

₹556.93

PIVOT

resistance-arrow
Resistance
First Resistance₹563.867
Second Resistance₹572.733
Third Resistance₹579.667
support-arrow
Support
First Resistance₹548.067
Second Resistance₹541.133
Third Resistance₹532.267
RSI59.407
MACD29.281
ADX31.782
CCI25.200

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day773,634495,77431.55
Week1,142,532555,08953.53
1 Month2,156,541457,13133.44
6 Months773,634773,634100.00

About Triveni Turbine Ltd

Triveni Turbine Limited (TTL) was incorporated in June 27th, 1995. The Company is primarily engaged in business of manufacture and supply of power generating equipment and solutions and has manufacturing facilities at Bengaluru, Karnataka. Triveni SRI Limited is a subsidiary company of Triveni Engineering & Industries Limited and has been dealing with machinery for sugar manufacture. The year 2002-03 was significant to the company as it successfully executed the first short retention type clarifier based on SRI technology in Indian Market. In FY 2014, GE Triveni Limited (GETL), a joint venture received an order for a 45 MW turbine from a cement manufacturer and a 31 MW order from a sugar manufacturer. These orders have enabled GETL to break into two new sectors in the domestic market. During FY2013-2014, the Company redeemed 2,800,000 8% Cumulative Redeemable Preference Share for Rs 10 each on May 31, 2013. During the year 2015, the Company set up international structures to give a boost to the international marketing of its products and services. Accordingly, it has incorporated an international subsidiary, namely, Triveni Turbines Europe Pvt. Ltd. (TTE), domiciled in the UK, on December 23, 2014. Subsequently, TTE acquired 100% equity interest in Triveni Turbines DMCC (TTD) domiciled in Dubai, UAE, effective March 31, 2015. During the year 2017, the Company successfully commissioned the second production facility at Sompura Industrial Area near Bengaluru with an area almost double of the current facility. Phase 1 of the new facility has been completed within the scheduled time and production has started successfully. During FY 18, the Company undertook some turnkey aftermarket projects from the international market and also refurbishments for other makes of turbines, which should provide referrals for future. During the year 2018, the Dubai subsidiary has set up a new subsidiary in South Africa. In FY 19, the Company undertook turnkey Refurbishment projects for other makes of turbines, showing significant growth in North Africa, in addition to its conventional markets such as Southern Africa and West Asia. In the same year, it heralded the Refurbishment business expansion into areas such as turbo-compressors for prominent entities in global Steel industry. During the year 2020, the Company filed a petition, on June 10, 2019, under the provisions of Sections 241, 242, 244 of the 2013 Act before the National Company Law Tribunal, Bengaluru (NCLT), seeking specific reliefs to bring to an end the matters of oppression and mismanagement in the joint venture company viz. GE Triveni Ltd (GETL) by the General Electric company and its affiliates (GE). The grounds on which the Company was constrained to file the petition were certain actions of GE which were oppressive, fraudulent, prejudicial, harsh and burdensome to the interest of GETL, including but not limited to lack of probity, diversion of business, violation of non-compete, conflict of interest by GE employees/nominee directors etc. Instead of submitting its objections on merits to the said Company petition, two of GE Affiliates filed applications before the NCLT, praying to refer the dispute raised in the Company's petition to arbitration. The matter is now pending adjudication before NCLT, Bengaluru. D I Netherland BV, affiliate of GE and Joint Venture partner in GETL, invoked separate arbitration proceedings before Arbitration Tribunal under the UNCITRAL Arbitration Rules, 1976, in the United Kingdom and filed a statement of claim on June 1, 2020, alleging violation of certain terms of the JV Agreement by the Company. In FY'20, Aftermarket segment made major inroads in new markets, resulting in healthy order intake and future prospects. The Refurbishment business expansion was strengthened into adjacencies such as turbocompressors and Gas Turbines during the year. It made inroads into new customer segments, such as Geothermal turbines in Africa and South East Asia. The Company executed a Refurbishment job on a large Utility Turbine, giving the confidence for more orders in the large turbine space in future. During FY 21, the Company designed and implemented a number of participatory workshops for suppliers, covering health, safety and environment requirements, as well as legal compliances related to labour conditions and COVID-19 protocol. During the year 2021, the Company engaged with industries of global scale from various segments, such as API, Waste-toEnergy, Combined Cycle, and Process industries, through its subsidiaries. The subsidiary in South Africa has been further strengthened, mainly to cater to the Aftermarket segment of the region. In FY 2021, the Company acquired all shares of GE Triveni Ltd. (GETL) JV and is now operating as 100% owned subsidiary, Triveni Energy Solutions Limited (TESL). In FY'22, Company acquired 70% equity shares of TSE Engineering Pvt. Ltd. (TSE) for closer proximity to customers in South African Development Community (SADC) region and for enabling the growth of the multi-brand aftermarket business in the region. During the year 2022, 1st Waste-to-Energy (WtE) steam turbine generator was commissioned in Germany. The Company secured an order for three steam turbines from a world-renowned steel manufacturer in South Korea, amid stiff competition from German and Japanese companies. One of the subsidiaries of the steel conglomerate involved the TTL team from the stage of conceptualization to the installation of three Coke Dry Quenching (CDQ) plants at its 2nd largest blast furnace steel mill. In FY'22, Company designed and supplied a 22 MW Axial exhaust steam turbine which is capable of operating at high pressure (up to 120 bar) and temperature (up to 540 deg C) for a sugar cogeneration unit in Karnataka. It undertook several aftermarket projects in the renewables sector during the year, including geothermal projects, besides refurbishing of other turbo machinery products such as compressors, blowers and gas expanders. It developed a vertical steam turbine for marine application. As part of its continuous product upgrade process, the Company worked on innovative seal technologies, such as floating brush seals, abradable seals and bearing isolators that enhance turbine robustness and efficiency. It supported Indian Navy in their indigenization efforts through refurbishment business by developing & supplying different sub-systems. The Company bagged repeated orders during the year 2022 from prestigious customers in Southeast Asia and East Africa for refurbishment of components in steam flow path for another geothermal turbine. Besides this, its spares and service business proactively offered solutions to customers for converting extraction condensing turbines to back pressure, particularly for process co-generation applications like Sugar, along with value added proposition of efficiency improvement in some cases. The Company was successful in finalizing an order in the Steel segment in South Korea. The customer awarded orders for three (3) steam turbines - 2 of 35 MW and 1 of 41 MW, during FY 22. This order was won against stiff competition from international players. It acquired stake in a service company, TSE Engineering Pvt. Ltd. with an existing workshop facility in South Africa. During FY 22, the Aftermarket business consolidated its foray into new industrial segments such as Geothermal, by bagging repeat orders from prestigious customers in Southeast Asia and East Africa. The Company made significant strides in Oil & Gas markets winning several key orders to supply energy-efficient API (American Petroleum Institute) 611 and 612 compliant steam turbines, ranging from 10 kW to 100 MW. In FY 22, the Company's R&D programmes were focused on developing products & solutions for diverse industrial heat and power applications, enhancing energy efficiency of customer plant operations and providing value for customers with competitive product offerings. During the year, the Company enhanced its steam turbine solutions with high speed applications, which resulted in higher power density models. This enabled to expand in cold country markets, which predominantly have more vacuum applications. During 2022, the Company continues to execute highly custom engineered turbine projects, which include 50 MW double extraction turbine application to chemical processing. It carried out several specialized turbine projects, such as injection turbines for cement industry, high back pressure turbines for Oil & Gas and distillery industries . Its axial exhaust turbines helped customers achieve significant reduction in their power plant footprint and civil cost. With innovative product solutions, the Company continued its expansion into international markets and diversified segments, which included Waste-to-heat applications, Chemicals, Paper, Cement, Pharma, Distillery and Hydro carbon industries for both captive and process co-generation applications. Apart from this, it carried out several projects in Renewable sector, which included Geothermal projects. In addition, it is presently involved in refurbishing of other turbo machinery products such as compressors, blowers and gas expanders. During the year 2022, Triveni Turbines DMCC (TTDMCC), Dubai (a wholly-owned subsidiary of TTEPL), acquired 70% equity shares of TSE Engineering Pty. Ltd. (TSE). Consequently, TSE became a step down subsidiary of the Company. In FY 2023, Company commissioned additional assembly and testing facilities along with heavy material handling facilities at its Sompura plant.

Managing Director

Dhruv M Sawhney

Founded

1995

NSE Symbol

TRITURBINE

Triveni Turbine Ltd Management

NameDesignation
Dhruv M SawhneyChairman & Managing Director
Nikhil SawhneyVice Chairman & M.D.
Tarun SawhneyNon Executive Director
Arun Prabhakar MoteExecutive Director
H A DaruwallaIndependent Director
Anil KakodkarIndependent Director
Shailendra BhandariIndependent Director
Vijay K ThadaniIndependent Director
Vipin SondhiIndependent Director
Pulak PrasadNon-Exec & Non-Independent Dir
Rajiv SawhneyCompany Sec. & Compli. Officer

Triveni Turbine Ltd News

Triveni Turbine re-appoints Dhruv M. Sawhney as MD
Triveni Turbine said that its board has approved the re-appointment of Dhruv M. Sawhney as managing director (MD) (designated as chairman and managing director) for period of 5 years with effect from 10 May 2024.
Board of Triveni Turbine appoints CEO and COO
At meeting held on 30 March 2024
Board of Triveni Turbine appoints directors
At meeting held on 20 March 2024
Volumes jump at Triveni Turbine Ltd counter
Triveni Turbine Ltd saw volume of 131.18 lakh shares by 14:14 IST on NSE, a 21.58 fold spurt over two-week average daily volume of 6.08 lakh shares
Triveni Turbine Ltd leads gainers in 'A' group
Yes Bank Ltd, Lloyds Engineering Works Ltd, Indiabulls Real Estate Ltd and Jindal Worldwide Ltd are among the other gainers in the BSE's 'A' group today, 06 February 2024.
Board of Triveni Turbine recommends Interim Dividend
Of Rs.1.30 per share
Board of Triveni Turbine recommends Special Dividend
Of Rs.1 per share
Triveni Turbine fixes record date for interim dividend and special dividend
Record date is 16 February 2024
Triveni Turbine consolidated net profit rises 29.71% in the December 2023 quarter
Sales rise 32.51% to Rs 431.70 crore
Triveni Turbine to conduct board meeting
On 5 February 2024

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Triveni Turbine Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Triveni Turbine Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Triveni Turbine Ltd's share price is ₹533.10 as of April 16, 2024

Triveni Turbine Ltd's P/E ratio is 69.89 times as of April 16, 2024.

Triveni Turbine Ltd's most recent financial reports indicate a price-to-book ratio of 19.58, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Triveni Turbine Ltd's market is 17,374 Cr as on April 16, 2024.

The current financial records of Triveni Turbine Ltd show a 26.27% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Triveni Turbine Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Triveni Turbine Ltd's 52-week high and low as of April 16, 2024 are ₹561.95 and ₹525.25 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Triveni Turbine Ltd stands at 55.84%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 27.28% to 27.26%.