Geopolitical
MEDIUMTrigger: API turbines are higher-margin segment; sustained delays compress FY26 mix and order booking quality
Monitor: geopolitical
Triveni Turbine Ltd: Why Is It Outperforming Nifty 500?
ActiveRS +20.3%Weak
In , Triveni Turbine Ltd (Capital Goods - Gensets/Turbines) is outperforming Nifty 500 with +20.3% relative strength. Fundamentals: Weak.
Triveni Turbine Ltd Key Facts
- PE Ratio
- 53.9x
- Market Cap
- ₹19,007 Cr
- PAT Growth YoY
- -1%
- Revenue Growth YoY
- +24%
- OPM
- 21.0%
- RS vs Nifty 500
- +20.3%
PE: Mid ContractionWatch Value
What's Happening
🌐FII stake decreased 4.5% this quarter
🏛️DII accumulation — stake up 2.4%
💰Trading 62% above estimated fair value — significant premium
Key Risks
1. Geopolitical
MEDIUM2. Regulatory
LOW3. Logistics
MEDIUMKey Numbers
PAT Growth YoY
-1%
Inflection Down
Revenue YoY
+24%
Stable
Operating Margin
21.0%
-100 bps YoY
PE Ratio
53.9
Current Price
₹598
Dividend Yield
0.67%
Fundamental Score
34/100
Weak
3Y PAT CAGR
+10%
Market Cap
19.0K Cr
Valuation
Significantly Overvalued12-Week Performance
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
12 weeks agoThis week
What Are the Key Risks for Triveni Turbine Ltd?
Earnings deceleration risks from management commentary
Regulatory
LOWTrigger: US tariff overhang was real impediment; partial resolution still leaves competitive friction
Monitor: regulatory
Logistics
MEDIUMTrigger: Larger turbine orders (newer market segments) inherently lumpier; mismatch between enquiry-to-order timeline and quarter-end booking
Monitor: logistics
Regulatory
LOWTrigger: PAT print -1% YoY despite +24% revenue growth — clouds quarterly read for non-attentive readers
Monitor: regulatory
Commodity
LOWTrigger: Direct API revenue exposure but oil companies' capex calendar provides cushion
Monitor: commodity
What Is Triveni Turbine Ltd's Management Saying?
Key quotes from recent conference calls
“apart from tariff, what we see is also the geopolitical issues, which is holding back the decision making. So that is what is getting into the order finalisation. And in the Middle East and Europe, it is mainly on the geopolitical. On the America, it's on the tariff. So, these are the things which is holding back the customers [Risk (geopolitical): MEDIUM]”
“with the tariffs now coming down, we should be well placed to convert these enquiries. While they were there, because of the tariffs, there has been a delay in the decision-making, but with the now tariffs coming down, things could be materialising in the coming quarters. The tariff reductions will have to be passed on to customers [Risk (regulatory): LOW]”
“those advances were not taken at the quarter end, and so therefore could not be accounted in our policy by which we record orders. There are pressures in terms of ensuring that we don't compromise our balance sheet and payment terms just to dispatch orders, as well as the availability of raw materials, which is required for final assembly, and the availability of customers for inspections [Risk (logistics): MEDIUM]”
“after taking an impact, which is non-recurring in nature for the wage code-related exceptional charge of ₹15.7 crores, we had a PAT of ₹917 million, which is 1% lower than at the same quarter of the previous year [Risk (regulatory): LOW]”
How Fast Is Triveni Turbine Ltd Growing?
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +24% | +33% | Stable |
| PAT (Net Profit) | -1% | +10% | Inflection Down |
| OPM | 21.0% | -100 bps | Stable |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 29, 2026.
Other Top Capital Goods - Gensets/Turbines Stocks Beating Nifty 500
Frequently Asked Questions: Triveni Turbine Ltd
Based on publicly available financial data. This is educational research, not investment advice.
What were Triveni Turbine Ltd's latest quarterly results?
Triveni Turbine Ltd's latest quarterly results (Dec 2025) show
- PAT Growth YoY: -1.1% (inflecting downward)
- Revenue Growth YoY: +24.1%
- Operating Margin: 21.0% (stable)
Is Triveni Turbine Ltd's profit growing or declining?
Triveni Turbine Ltd's profit is declining with an inflecting downward trend.
- PAT Growth YoY: -1.1% (latest quarter)
- PAT Growth QoQ: +1.1% (sequential)
- 3-Year PAT CAGR: +10.0%
- Trend: Inflecting downward — consistent growth pattern
What is Triveni Turbine Ltd's revenue growth trend?
Triveni Turbine Ltd's revenue growth trend is stable.
- Revenue Growth YoY: +24.1%
- Revenue Growth QoQ: +23.3% (sequential)
- 3-Year Revenue CAGR: +33.0%
How is Triveni Turbine Ltd's operating margin trending?
Triveni Turbine Ltd's operating margin is stable.
- Current OPM: 21.0%
- OPM Change YoY: -1.0% basis points
- OPM Change QoQ: -2.0% basis points
What is Triveni Turbine Ltd's 3-year profit and revenue CAGR?
Triveni Turbine Ltd's long-term compounding rates
- 3-Year Profit CAGR: +10.0%
- 3-Year Revenue CAGR: +33.0%
Is Triveni Turbine Ltd's growth accelerating or decelerating?
Triveni Turbine Ltd's earnings growth is inflecting downward with mixed signals on a sequential basis.
- YoY Acceleration: -1.1% bps
- Sequential Acceleration: -41.1% bps
What is Triveni Turbine Ltd's trailing twelve month (TTM) performance?
Triveni Turbine Ltd's trailing twelve month (TTM) performance
- TTM PAT: ₹342 Cr
- TTM PAT Growth: +0.6% YoY
- TTM Revenue: ₹2,000 Cr
- TTM Revenue Growth: +5.9% YoY
- TTM Operating Margin: 21.6%
Is Triveni Turbine Ltd overvalued or undervalued?
Triveni Turbine Ltd appears significantly overvalued based on our fair value analysis.
- Valuation Signal: Significantly Overvalued
- Current PE: 53.9x
- Price-to-Book: 14.6x
What is Triveni Turbine Ltd's current PE ratio?
Triveni Turbine Ltd's current PE ratio is 53.9x.
- Current PE: 53.9x
- Market Cap: 19.0K Cr
- Dividend Yield: 0.67%
How does Triveni Turbine Ltd's valuation compare to its history?
Triveni Turbine Ltd's current PE is 53.9x.
- Current PE: 53.9x
- Valuation Assessment: Significantly Overvalued
What is Triveni Turbine Ltd's price-to-book ratio?
Triveni Turbine Ltd's price-to-book ratio is 14.6x.
- Price-to-Book (P/B): 14.6x
- Book Value per Share: ₹41
- Current Price: ₹598
Is Triveni Turbine Ltd a fundamentally strong company?
Triveni Turbine Ltd is rated Weak with a fundamental score of 34.11/100. This score is calculated from objective financial metrics
- Revenue Growth YoY: +24.1% (10% weight)
- PAT Growth YoY: -1.1% (10% weight)
- PAT Growth QoQ: +1.1% (10% weight)
- Margins stable (10% weight)
Is Triveni Turbine Ltd debt free?
Triveni Turbine Ltd has a debt-to-equity ratio of N/A.
- Total Debt: ₹38 Cr
What is Triveni Turbine Ltd's return on equity (ROE) and ROCE?
Triveni Turbine Ltd's return ratios over recent years
- FY2023: ROCE 29.0%
- FY2024: ROCE 38.0%
- FY2025: ROCE 41.0%
Is Triveni Turbine Ltd's cash flow positive?
Triveni Turbine Ltd's operating cash flow is positive (FY2025).
- Cash from Operations (CFO): ₹187 Cr
- Free Cash Flow (FCF): ₹180 Cr
- CFO/PAT Ratio: 52% (adequate)
What is Triveni Turbine Ltd's dividend yield?
Triveni Turbine Ltd's current dividend yield is 0.67%.
- Dividend Yield: 0.67%
- Current Price: ₹598
Who holds Triveni Turbine Ltd shares — promoters, FII, DII?
Triveni Turbine Ltd's shareholding pattern (Mar 2026)
- Promoters: 55.8%
- FII (Foreign): 20.8%
- DII (Domestic): 16.5%
- Public: 6.8%
Is promoter holding increasing or decreasing in Triveni Turbine Ltd?
Triveni Turbine Ltd's promoter holding has remained stable recently.
- Current Promoter Holding: 55.8% (Mar 2026)
- Previous Quarter: 55.8% (Dec 2025)
- Change: 0.00% (stable)
How long has Triveni Turbine Ltd been outperforming Nifty 500?
Triveni Turbine Ltd has been outperforming Nifty 500 for 3 consecutive weeks, indicating early-stage outperformance.
Is Triveni Turbine Ltd a new momentum entry or an established outperformer?
Triveni Turbine Ltd is an established outperformer with 3 weeks of consecutive Nifty 500 outperformance.
What are the key risks in Triveni Turbine Ltd?
Triveni Turbine Ltd has 5 key risks worth monitoring
- [MEDIUM] Geopolitical — API turbines are higher-margin segment; sustained delays compress FY26 mix and order booking quality
- [LOW] Regulatory — US tariff overhang was real impediment; partial resolution still leaves competitive friction
- [MEDIUM] Logistics — Larger turbine orders (newer market segments) inherently lumpier; mismatch between enquiry-to-order timeline and quarter-end booking
- [LOW] Regulatory — PAT print -1% YoY despite +24% revenue growth — clouds quarterly read for non-attentive readers
What did Triveni Turbine Ltd's management say in the latest earnings call?
In Q3 FY26, Triveni Turbine Ltd's management highlighted
- "apart from tariff, what we see is also the geopolitical issues, which is holding back the decision making. So that is what is getting into the order f..."
- "with the tariffs now coming down, we should be well placed to convert these enquiries. While they were there, because of the tariffs, there has been a..."
- "those advances were not taken at the quarter end, and so therefore could not be accounted in our policy by which we record orders. There are pressures..."
Is Triveni Turbine Ltd worth studying for long term investment?
Based on quantitative research signals, here is why Triveni Turbine Ltd may be worth studying
- Cash flow is positive — CFO ₹187 Cr
What is the investment thesis for Triveni Turbine Ltd?
Triveni Turbine Ltd investment thesis summary:
Research Signals (Bull Case)
- Revenue growing at +24.1% YoY
Risk Factors (Bear Case)
- Appears significantly overvalued
- Key risk: Geopolitical
What is the future outlook for Triveni Turbine Ltd?
Triveni Turbine Ltd's forward outlook based on current data signals
- Earnings Trend: inflecting downward
- Revenue Trend: stable
- Margin Trend: stable
- Valuation: Significantly Overvalued
- Key Risk: Geopolitical
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.