Triveni Turbine
Stock Snapshot
Price Performance
Vista Outlook
Basis of our Recommendation
Triveni Turbine's management has expressed a cautious yet optimistic outlook for FY 2027, emphasizing a strategic pivot towards high-margin aftermarket services and international markets to counteract domestic demand softness. The company's robust export strategy, particularly in the U.S. and Southeast Asia, is expected to bolster revenue growth despite current margin pressures stemming from geopolitical disruptions and a low-margin project. Vista's financial outlook reflects these dynamics, forecasting a contraction in revenue and continued margin pressure, yet the emphasis on high-growth sectors like data centers and renewable thermal solutions supports a long-term growth trajectory. The industrial equipment sector's improving pricing power and stable demand characteristics provide a favorable backdrop, although potential supply chain disruptions and economic uncertainties remain watchpoints. Over the next 12-24 months, key opportunities include expanding the order book and leveraging technological innovations, while headwinds may arise from geopolitical volatility and competitive pricing pressures
Why We Like This Stock
- Strong export strategy and focus on high-margin aftermarket services are expected to drive revenue growth
- Management's commitment to innovation and diversification supports a robust long-term growth outlook
- Improving pricing power within the industrial equipment sector enhances margin management potential
Things To Watch Out For
- Current revenue contraction and margin pressures pose significant near-term challenges
- Geopolitical disruptions and supply chain issues may hinder operational efficiency
- Domestic demand softness and extended order finalization cycles could impact growth momentum
Key Parameters
Financial Snapshot
View Technicals Analysis →| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,654 | 2,006 | 2,181 | 2,062 | 2,225 |
| Profit Before Tax (Cr.) | 326 | 454 | 489 | 421 | 471 |
| PBT Margin | 19.7% | 22.7% | 22.4% | 20.4% | 21.1% |
| Net Profit (Cr.) | 245 | 323 | 3 | 314 | 351 |
| Earnings Per Share | 7.7 | 10.1 | 0.1 | 9.9 | 11.0 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Motilal Oswal | ▲ Buy | 680 | 12-Aug-2026 |
| Prabhudas Liladhar | ► Hold | 615 | 12-Aug-2026 |
| Geojit Financials | ► Add | 758 | 16-Jun-2026 |
Company Overview
Show Company Profile
Triveni Turbine Limited, together with its subsidiaries, manufactures and supplies power generating equipment and solutions in India and internationally. The company offers backpressure and condensing steam turbines for a range of combined heat and power and power generation applications; and American Petroleum Institute single and multi-stage steam turbines for various drive, chemicals, petrochemicals, petroleum refineries, and fertilizer applications. It also provides sustainable modularly arranged pressure-reducing turbines for pressure-reducer desuperheater applications; and carbon dioxide heat pumps and chiller solutions for dairy and food, pulp and paper, automobile, pharmaceuticals, distilleries and breweries, district and commercial heating, textile, marine, and boiler feed water heating and paint chilling applications. In addition, the company offers spares, upgrades, and automation services, as well as service solutions, including preventive maintenance, LTSA/AMC, troubleshooting, restoration, turnkey solutions, OEM services, high-speed balancing, remote monitoring, balance of plant solutions, and training programs; and multi-brand services. Further, it provides manufacturing, servicing, and trading in rotating industrial machinery; and trading and services for steam turbines and parts. Additionally, the company delivers grid-scale energy storage, industrial and commercial heating and cooling, and zero liquid discharge plant solutions. The company also exports its products. Triveni Turbine Limited was formerly known as Triveni Retail Ventures Limited and changed its name to Triveni Turbine Limited in March 2010. The company was founded in 1968 and is headquartered in Noida, India.