Triveni Turbine
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Triveni Turbine is currently navigating a challenging environment marked by margin compression and soft domestic demand. Management's focus on higher-margin export and aftermarket orders, alongside a robust order book of Rs21.8bn, positions the company for a potential recovery in FY27. The strategic pivot towards utility gas turbines and refurbishment, coupled with emerging opportunities in the U.S. data center sector, supports Vista's forecast of a gradual improvement in revenue and margins. However, geopolitical disruptions and execution risks remain significant watchpoints. The industrial equipment sector's improving pricing power and stable operational environment provide a favorable backdrop, although Triveni's revenue is expected to contract in the near term. Vista's outlook reflects a cautious stance, with a target price of Rs562.95, indicating a potential downside of 6.23%. Over the next 12-24 months, key opportunities include the expansion into high-margin segments and international markets, while headwinds consist of geopolitical volatility, competitive pressures, and the impact of low-margin projects on overall profitability
Why We Like This Stock
- Strong order book of Rs21.8bn supports future revenue visibility
- Strategic focus on higher-margin export markets and aftermarket services
- Emerging opportunities in the U.S. data center sector enhance growth potential
Things To Watch Out For
- Margin compression due to low-margin project execution and domestic demand softness
- Geopolitical disruptions and logistics challenges pose execution risks
- Revenue contraction expected over the forecast period, impacting overall financial performance
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,654 | 2,006 | 2,181 | 2,061 | 2,373 |
| Profit Before Tax (Cr.) | 326 | 454 | 489 | 373 | 473 |
| PBT Margin | 19.7% | 22.7% | 2242.1% | 18.1% | 19.9% |
| Net Profit (Cr.) | 245 | 323 | 3 | 279 | 353 |
| Earnings Per Share | 7.7 | 10.1 | 0.1 | 8.8 | 11.1 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Geojit Financials | ► Add | 758 | 16-Jun-2026 |
| Motilal Oswal | ▲ Buy | 680 | 12-Aug-2026 |
| Prabhudas Liladhar | ► Hold | 615 | 12-Aug-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 application; and carbon dioxide heat pumps and chillers 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 of steam turbines and parts. 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 Bengaluru, India.