Triveni Turbine Limited

BSE:533655 Stock Report

Market Cap: ₹206.6b

Triveni Turbine Future Growth

Future criteria checks 4/6

Triveni Turbine is forecast to grow earnings and revenue by 16.4% and 13.1% per annum respectively. EPS is expected to grow by 16.4% per annum. Return on equity is forecast to be 26.8% in 3 years.

Key information

16.4%

Earnings growth rate

16.38%

EPS growth rate

Electrical earnings growth21.5%
Revenue growth rate13.1%
Future return on equity26.75%
Analyst coverage

Good

Last updated06 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 22

533655: Board Review And Dividend Proposal Will Support Measured Upside Potential

Analysts have lifted their price target on Triveni Turbine from ₹625.88 to ₹684.00, citing updated assumptions around revenue growth, profit margins, and a revised future P/E multiple, even as the discount rate used in their models has also been adjusted. What’s in the News for Triveni Turbine Triveni Turbine has scheduled a board meeting on May 18, 2026, to review and approve audited financial results on a standalone and consolidated basis for the quarter and financial year ending March 31, 2026.
Narrative Update • Apr 26

533655: Interim Dividend And Leadership Continuity Will Support Measured Upside Potential

The analyst price target for Triveni Turbine has been adjusted slightly higher to ₹625.88 (from ₹622.33). Analysts cite updated assumptions on discount rate, revenue growth, profit margin and future P/E as the basis for this fine tuning.
Narrative Update • Apr 09

533655: Interim Dividend And Leadership Continuity Will Support Further Upside

Analysts have maintained their fair value estimate for Triveni Turbine at ₹622.33. Only minor adjustments to the discount rate, long term revenue growth, profit margin, and future P/E assumptions have been made in this narrative update.
Narrative Update • Mar 26

533655: Interim Dividend And Leadership Continuity Will Support Further Upside

Analysts have kept their fair value estimate for Triveni Turbine steady at ₹622.33 per share, with only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions supporting this unchanged price target. What's in the News Board meeting held on February 3, 2026, to review unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025; consider an interim dividend; review the reappointment of Managing Director Nikhil Sawhney; and discuss senior management changes (Key Developments).
Narrative Update • Mar 11

533655: Interim Dividend And Stable Assumptions Will Support Further Upside

Analysts have kept their price target for Triveni Turbine unchanged at ₹622.33, citing only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions that do not materially shift their overall view. What's in the News Board meeting scheduled for February 3, 2026, to consider unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, a potential interim dividend for FY 2025-26, the reappointment of Managing Director Mr. Nikhil Sawhney, and changes in senior management (company event filing).
Narrative Update • Feb 25

533655: Interim Dividend Will Support Future Upside Despite Slightly Higher Required Returns

Analysts have lowered their fair value estimate for Triveni Turbine from ₹635.10 to about ₹622.33, reflecting a slightly higher discount rate and a modestly lower future P/E assumption, while keeping revenue growth and profit margin expectations broadly unchanged. What's in the News The board declared an interim dividend of ₹2.25 per fully paid equity share with a face value of ₹1 each for the 2025-26 financial year, with payment scheduled on or before February 23, 2026, subject to tax deduction at source (Key Developments).
New Narrative • Feb 23

Export Uncertainty And Loss-Making US Subsidiary Will Shape Future Turbine Prospects

Catalysts About Triveni Turbine Triveni Turbine designs and supplies industrial steam turbines and related aftermarket services for power and process applications in domestic and export markets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 11

533655: Future R&D Centre And Interim Dividend Will Support Bullish Outlook

Analysts have trimmed their price target for Triveni Turbine from ₹661.89 to ₹635.10, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple in their valuation work. What's in the News The board declared an interim dividend of ₹2.25 per fully paid equity share of face value ₹1 for FY 2025-26, with February 9, 2026 set as the record date and payment expected on or before February 23, 2026, subject to tax deduction at source (Key Developments).
New Narrative • Feb 05

Long-Term Energy Demand And New Solutions Will Transform This Turbine Player

Catalysts About Triveni Turbine Triveni Turbine supplies steam turbines, refurbishment services and adjacent heat and energy solutions to industrial and utility customers in India and overseas. What are the underlying business or industry changes driving this perspective?
New Narrative • Oct 15

A quality Capital goods company at a fair value

Introduction Triveni Turbine Limited (TTL) operates as a focused, growing, and market-leading corporation in the industrial heat & power solutions and decentralized steam-based renewable turbines sector. The Company is primarily engaged in the manufacture and supply of power generating equipment and solutions, including steam turbines, spare parts, and comprehensive turbine-related services, classifying it within the capital goods industry.
Narrative Update • Aug 07

CO2 Heat Pump Adoption Will Drive Global Energy Transformation

Despite higher revenue growth expectations, the consensus analyst price target for Triveni Turbine has been revised downward to ₹669.89, primarily due to a higher discount rate impacting valuation. What's in the News Board meeting scheduled to consider and approve unaudited Q1 FY26 financial results for standalone and consolidated operations.
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New Narrative • Jan 22

Developing CO₂-based Turbines And US Expansion Will Drive Future Success

Growth in export orders and higher megawatt market expansion could drive significant international and local revenue increases.

Earnings and Revenue Growth Forecasts

BSE:533655 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/202931,8675,7345,0965,4742
3/31/202829,3115,2444,1234,6929
3/31/202724,8104,2714,7044,9588
3/31/202621,8113,4973941,110N/A
12/31/202520,3953,417N/AN/AN/A
9/30/202519,1893,420-486173N/A
6/30/202519,1383,417N/AN/AN/A
3/31/202520,0583,5721,4391,867N/A
12/31/202419,2583,392N/AN/AN/A
9/30/202418,5413,1502,9523,197N/A
6/30/202417,4082,884N/AN/AN/A
3/31/202416,5392,6912,3932,710N/A
12/31/202315,6572,487N/AN/AN/A
9/30/202314,5972,3312,3162,692N/A
6/30/202313,6492,150N/AN/AN/A
3/31/202312,4761,9261,5711,957N/A
12/31/202211,1441,700N/AN/AN/A
9/30/202210,1371,5312,0202,349N/A
6/30/20229,2722,807N/AN/AN/A
3/31/20228,5222,7024,1774,334N/A
12/31/20217,9422,605N/AN/AN/A
9/30/20217,4262,5232,8722,992N/A
6/30/20217,2151,030N/AN/AN/A
3/31/20217,0261,0251,7381,873N/A
12/31/20206,780930N/AN/AN/A
9/30/20207,0749252,5242,646N/A
6/30/20207,6941,183N/AN/AN/A
3/31/20208,1791,2181,7621,877N/A
12/31/20199,0361,363N/AN/AN/A
9/30/20199,1191,320N/A2,148N/A
6/30/20198,8191,119N/AN/AN/A
3/31/20198,4001,002N/A1,479N/A
12/31/20188,4451,073N/AN/AN/A
9/30/20187,9871,039N/AN/AN/A
6/30/20188,0121,022N/AN/AN/A
3/31/20187,511960N/A913N/A
12/31/20176,898872N/AN/AN/A
9/30/20177,2251,037N/AN/AN/A
6/30/20177,0461,095N/AN/AN/A
3/31/20177,4461,236N/A820N/A
12/31/20168,5481,277N/AN/AN/A
9/30/20168,5671,231N/AN/AN/A
6/30/20168,3351,141N/AN/AN/A
3/31/20167,1291,130N/A1,397N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 533655's forecast earnings growth (16.4% per year) is above the savings rate (6.9%).

Earnings vs Market: 533655's earnings (16.4% per year) are forecast to grow faster than the Indian market (16.2% per year).

High Growth Earnings: 533655's earnings are forecast to grow, but not significantly.

Revenue vs Market: 533655's revenue (13.1% per year) is forecast to grow faster than the Indian market (11% per year).

High Growth Revenue: 533655's revenue (13.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 533655's Return on Equity is forecast to be high in 3 years time (26.8%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/07 11:40
End of Day Share Price 2026/07/07 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Triveni Turbine Limited is covered by 15 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kunal Sheth360 ONE Capital Market Private Limited
John PerincheryAsian Markets Securities Private Limited
Ravi SwaminathanAvendus Spark