TRIVENI TURBINE LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 535.6 INR | +0.84% |
|
-0.10% | +26.32% |
| Mar. 30 | Triveni Turbine Limited Announces Management Changes | CI |
| Mar. 30 | Triveni Turbine Limited Announces Appointment of S. N. Prasad as Chief Executive Officer, Effective April 01, 2024 | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 34,723 | 18,202 | 32,912 | 65,405 | 106,012 | 170,239 | - | - |
| Enterprise Value (EV) 1 | 34,451 | 18,202 | 29,011 | 57,920 | 39,587 | 163,910 | 161,480 | 158,625 |
| P/E ratio | 35.2 x | 14.9 x | 32.1 x | 24.2 x | 55.9 x | 63.4 x | 49.7 x | 40.6 x |
| Yield | - | - | 1.18% | 0.62% | - | 0.54% | 0.7% | 0.87% |
| Capitalization / Revenue | 4.13 x | 2.23 x | 4.68 x | 7.67 x | 8.5 x | 10.1 x | 8.07 x | 6.59 x |
| EV / Revenue | 4.1 x | 2.23 x | 4.13 x | 6.8 x | 3.17 x | 9.77 x | 7.66 x | 6.14 x |
| EV / EBITDA | 22.8 x | 11.7 x | 19.7 x | 35.6 x | 16.9 x | 50.8 x | 37.6 x | 30.6 x |
| EV / FCF | 25.9 x | 10.3 x | 16.7 x | 13.9 x | 25.2 x | 68 x | 50.1 x | 39.1 x |
| FCF Yield | 3.86% | 9.68% | 5.99% | 7.21% | 3.97% | 1.47% | 2% | 2.56% |
| Price to Book | 8.01 x | 3.43 x | 5.16 x | 7.64 x | 13.9 x | 18.5 x | 14.4 x | 11.5 x |
| Nbr of stocks (in thousands) | 323,305 | 323,305 | 323,305 | 323,305 | 317,877 | 317,877 | - | - |
| Reference price 2 | 107.4 | 56.30 | 101.8 | 202.3 | 333.5 | 535.6 | 535.6 | 535.6 |
| Announcement Date | 5/20/19 | 6/13/20 | 6/28/21 | 5/13/22 | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,400 | 8,179 | 7,026 | 8,522 | 12,476 | 16,784 | 21,086 | 25,823 |
| EBITDA 1 | 1,513 | 1,557 | 1,476 | 1,626 | 2,338 | 3,225 | 4,291 | 5,181 |
| EBIT 1 | 1,311 | 1,356 | 1,274 | 1,424 | 2,139 | 3,116 | 4,122 | 5,024 |
| Operating Margin | 15.61% | 16.58% | 18.13% | 16.71% | 17.14% | 18.57% | 19.55% | 19.46% |
| Earnings before Tax (EBT) 1 | 1,494 | 1,560 | 1,321 | 3,648 | 2,555 | 3,578 | 4,579 | 5,617 |
| Net income 1 | 1,002 | 1,218 | 1,025 | 2,702 | 1,925 | 2,685 | 3,447 | 4,221 |
| Net margin | 11.93% | 14.89% | 14.58% | 31.7% | 15.43% | 16% | 16.35% | 16.35% |
| EPS 2 | 3.050 | 3.770 | 3.170 | 8.360 | 5.970 | 8.443 | 10.77 | 13.19 |
| Free Cash Flow 1 | 1,329 | 1,762 | 1,738 | 4,178 | 1,571 | 2,411 | 3,225 | 4,054 |
| FCF margin | 15.82% | 21.54% | 24.74% | 49.02% | 12.59% | 14.36% | 15.3% | 15.7% |
| FCF Conversion (EBITDA) | 87.83% | 113.14% | 117.77% | 256.84% | 67.21% | 74.75% | 75.17% | 78.26% |
| FCF Conversion (Net income) | 132.55% | 144.66% | 169.67% | 154.61% | 81.6% | 89.78% | 93.57% | 96.04% |
| Dividend per Share 2 | - | - | 1.200 | 1.250 | - | 2.880 | 3.740 | 4.680 |
| Announcement Date | 5/20/19 | 6/13/20 | 6/28/21 | 5/13/22 | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,736 | 1,785 | 1,841 | 2,065 | 2,252 | 2,366 | 2,590 | 2,930 | 3,258 | 3,698 | 3,764 | 3,811 | 4,152 | 4,739 |
| EBITDA 1 | 359.6 | 247.1 | 357.6 | 399.2 | 450.5 | 419.2 | 486.7 | 556.6 | 869.4 | 663.4 | 708.8 | 726.3 | 832.9 | 917.2 |
| EBIT | - | - | - | - | - | - | - | - | - | - | - | - | 763 | 816 |
| Operating Margin | - | - | - | - | - | - | - | - | - | - | - | - | 18.38% | 17.22% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | - | 786.1 | 803 | 872.7 | 970.8 |
| Net income 1 | - | - | - | - | - | - | - | - | - | - | 607.5 | 604 | 660 | 707.5 |
| Net margin | - | - | - | - | - | - | - | - | - | - | 16.14% | 15.85% | 15.9% | 14.93% |
| EPS | - | - | - | - | - | - | - | - | - | - | - | 1.900 | 2.067 | 2.300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/1/21 | 6/28/21 | 8/13/21 | 10/26/21 | 2/1/22 | 5/13/22 | 8/1/22 | 11/2/22 | 1/23/23 | 5/16/23 | 8/1/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 272 | - | 3,902 | 7,484 | 66,425 | 6,329 | 8,759 | 11,614 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,329 | 1,762 | 1,738 | 4,178 | 1,571 | 2,411 | 3,225 | 4,054 |
| ROE (net income / shareholders' equity) | 22.6% | 25.3% | 17.5% | 16.5% | 23.8% | 32.2% | 31.9% | 31.5% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 13.40 | 16.40 | 19.70 | 26.50 | 23.90 | 29.00 | 37.30 | 46.60 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 151 | 115 | 134 | 157 | 386 | 344 | 325 | 318 |
| Capex / Sales | 1.79% | 1.41% | 1.91% | 1.84% | 3.09% | 2.05% | 1.54% | 1.23% |
| Announcement Date | 5/20/19 | 6/13/20 | 6/28/21 | 5/13/22 | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
535.6
INR
Average target price
528.6
INR
Spread / Average Target
-1.29%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +26.32% | 2.04B | |
| +44.12% | 11.64B | |
| -3.88% | 1.04B | |
| +23.67% | 731M | |
| -17.90% | 437M | |
| -27.30% | 253M | |
| -30.39% | 169M | |
| -13.41% | 94.2M |
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- Financials Triveni Turbine Limited
