Please find enclosed investor presentation for the analyst/investor meeting going to be held on today.
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Awaiting price reaction for this filing.
Triton Valves shared an investor presentation for 9M FY26, with the company celebrating its 50th year and group revenue expected to cross INR 550 cr in FY26. On a consolidated basis, YTD Dec 2025 revenue grew 21% to INR 419 cr, with EBITDA margin steady at 7% and PBT margin improving 90 bps to 2.5%; PAT rose to INR 6.11 cr (margin 1.5%, up 50 bps). Standalone YTD revenue grew 12.4% to INR 322.6 cr with EBITDA margin up 80 bps to 7.1% and PBT margin at 3.3% (up 100 bps). Management highlighted growth drivers including EV valves, TPMS valves (high margin), metals import substitution, and expansion into EU, ME, and NA markets. The Board has recommended a bonus issue of 3 shares for every 1 share held, subject to shareholder approval, targeted by April 11, 2026. The merger of Tritonvalves Climatech with Triton Valves is on track for completion by March 2026.
The 3:1 bonus issue boosts liquidity and is generally positive for retail shareholders, while broad-based margin improvement signals operational strength. However, rising debt-to-equity (0.83 to 0.96) and declining ROCE (11.33% to 10.12%) are mild concerns worth watching.