Triveni Turbine Ltd (NSE: TRITURBINE): Triveni Turbine share: Despite the heavy selling on the stock exchange Wednesday, some shares were in high demand.
Triveni Turbine Limited is one such share. Stocks rose by 8.43 percent on Wednesday to a new record high of Rs 498.30, up from Rs 459.55 the previous day.
This share’s 52-week high is Rs 498.30.
Price Rs 100, 3 Years Ago
Investors have seen returns of more than 350 percent in the past three years. On 26 February 2021, the share was closed at 100 rupees.
The price has risen to more than Rs 460. It had positive returns of 360 percent.
Comparatively, the Sensex increased by 47.70 percent over three years. This stock in the power sector has returned 45 percent over one year.
What Did The Broker Say?
A well-known brokerage firm, has recommended that investors buy shares in Triveni Turbine Limited. The target price of Rs 570 has also been maintained.
Another brokerage firm, has reiterated its target price of Rs 550 for Triveni Turbine.
They anticipates a strong pipeline of orders and order flow to continue the company’s growth.
What Was The Result Of The Last Quarter?
Triveni Turbine’s net profit grew by 30 percent in the December quarter this year to Rs 68.30 crore, up from Rs 52.60 crore during the quarter that ended December 2022.
Total income grew to Rs 448.92 crore in the third quarter, compared with Rs 337.70 crore a year earlier.
The expenses increased from Rs 267.66 to Rs 354.06 crore during the last quarter.
About The Company
Triveni Turbine Limited produces industrial steam turbines. The main business of the company is to manufacture and supply solutions and equipment for energy generation.
The company has manufacturing facilities located in Bengaluru and Karnataka.
Around 6000 steam generators supplied by the company have been installed in more than 75 countries, including Europe, Africa, Central and Latin America, and Southeast Asia.
The South Asian Association for Regional Cooperation is also included.
About Triveni Turbine Ltd Company
Triveni Turbine Limited is an Indian industrial turbine manufacturer. The company is principally involved in the manufacturing the power generators as well as solutions. The company manufactures facilities in Bengaluru, Karnataka.
Steam turbines supplied through the Company are in use throughout the world throughout more than 75 different countries which include Europe, Africa, Central and Latin America, South East Asia as well as South Asian Association for Regional Co-operation.
Triveni caters to a range of diverse industries, such as municipal solid waste IPP district heating palm oil sugar, paper naval, textiles cement, metals the extraction of solvents, carbon black chemicals, pharmaceuticals, and fertilizers natural gas, and oil.
The products of the company include condensing turbines with backpressure API steam turbines along with smart turbines.
Fundamental Analysis of Triveni Turbine Ltd
| Market Cap | ₹ 14,805 Cr. |
| Current Price | ₹ 469 |
| 52-wk High | ₹ 498.70 |
| 52-wk Low | ₹ 291.35 |
| Stock P/E | 60.04 |
| Book Value | ₹ 27.9 |
| Dividend | 0.28 % |
| ROCE | 28.7 % |
| ROE | 21.5 % |
| Face Value | ₹ 1.00 |
| P/B Value | 16.7 |
| OPM | 18.8 % |
| EPS | ₹ 7.82 |
| Debt | ₹ 3.35 Cr. |
| Debt to Equity | 0.00 |
Triveni Turbine Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 545 | ₹ 586 |
| 2025 | ₹ 600 | ₹ 632 |
| 2026 | ₹ 650 | ₹ 687 |
| 2027 | ₹ 690 | ₹ 732 |
| 2028 | ₹ 745 | ₹ 760 |
| 2029 | ₹ 770 | ₹ 805 |
| 2030 | ₹ 810 | ₹ 822 |
Triveni Turbine Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 55.94% |
| Mar 2023 | 55.84% |
| June 2023 | 55.84% |
| Sept 2023 | 55.84% |
| Dec 2023 | 55.84% |
| FII Holding | |
| Dec 2022 | 23.22% |
| Mar 2023 | 24.38% |
| June 2023 | 26.79% |
| Sept 2023 | 27.68% |
| Dec 2023 | 27.28% |
| DII Holding | |
| Dec 2022 | 15.47% |
| Mar 2023 | 15.13% |
| June 2023 | 12.56% |
| Sept 2023 | 11.66% |
| Dec 2023 | 12.49% |
| Public Holding | |
| Dec 2022 | 5.38% |
| Mar 2023 | 4.66% |
| June 2023 | 4.82% |
| Sept 2023 | 4.82% |
| Dec 2023 | 4.39% |
Triveni Turbine Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 840 Cr |
| 2020 | ₹ 818 Cr |
| 2021 | ₹ 703 Cr |
| 2022 | ₹ 852 Cr |
| 2023 | ₹ 1,566 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 100 Cr |
| 2020 | ₹ 122 Cr |
| 2021 | ₹ 102 Cr |
| 2022 | ₹ 270 Cr |
| 2023 | ₹ 249 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0 |
| 2020 | 0 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Current Year: | 46% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 24% |
| 5 Years: | 20% |
| 3 Years: | 19% |
| Last Year: | 22% |
Sales Growth Over 10 Years:
| 10 Years: | 6% |
| 5 Years: | 11% |
| 3 Years: | 15% |
| Current Year: | 41% |
Conclusion
This article is a complete guide about Triveni Turbine Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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