Manufactures industrial steam turbines below 100 MW, where it sits as a top-2 global supplier. It sells turbine equipment to power generation customers — thermal power, geothermal, combined-cycle plants for data centres, and biomass — and to industrial heat users in steel, cement, sugar, paper, and process cogeneration. Exports contributed 58% of FY26 revenue at ₹12.58bn, up 30.1% YoY, with domestic revenue making up the rest. The aftermarket segment — spares and refurbishment of installed turbines — accounted for 38% of FY26 order booking, growing 41.3% YoY, and contributed 50% of Q4 FY26 order booking after rising 121% YoY. The FY26 closing order book stood at ₹20.54bn, up 8% YoY, with export orders at 51% of the book. The enquiry pipeline nearly doubled to ~18 GW, including ~3 GW from the U.S., driven by data-centre, geothermal, and biomass demand. The cost structure is materials-heavy, with raw materials at 53.5% of revenue and employee cost at 9.9%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Turbine equipment (exports) (58%), Turbine equipment (domestic), Aftermarket (38%), Strategic projects. Project-driven, capital-goods manufacturer with a sizeable exported and aftermarket book
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 852 | 1,248 | 1,654 | 2,006 | 2,181 |
| EBITDA (ex other income) | 361 | 234 | 319 | 437 | 435 |
| margin % | 42.3 | 18.7 | 19.3 | 21.8 | 19.9 |
| Owners' profit | 270 | 193 | 269 | 357 | 350 |
| EPS, as reported (₹) | 8.36 | 5.97 | 8.47 | 11.28 | 11.00 |
| ROE % · ROCE % | 31.5 · 42.6 | 25.3 · 33.0 | 28.0 · 36.6 | 29.4 · 38.6 | 24.2 · 32.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 433 | 196 | 271 | 187 | 111 |
| Capex | (16) | (39) | (32) | (43) | (72) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 501 | 503 | 538 | 371 | 506 | 624 | 680 | 443 |
| Profit before tax | 124 | 125 | 132 | 87 | 125 | 128 | 135 | 70 |
| Net profit | 91 | 93 | 95 | 64 | 91 | 92 | 102 | 51 |
| EPS (₹) | 2.85 | 2.92 | 2.99 | 2.03 | 2.87 | 2.89 | 3.21 | 1.60 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ABB INDIA LIMITED | 1,54,136 | 51.6 | 16.50 | — | 23.0 | 10.2 | — | 15.2 |
| BHEL | 1,50,076 | 61.7 | 5.74 | 49.8 | 6.1 | 4.7 | 14.3 | 9.3 |
| CG POWER AND IND SOL LTD | 1,43,168 | 93.7 | 17.46 | 77.9 | 14.6 | 19.2 | 33.2 | 14.7 |
| SIEMENS LTD | 1,40,869 | 43.0 | 10.17 | 39.7 | 19.9 | 20.6 | 31.1 | 11.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Triveni Turbine AGM 2026: All 6 resolutions passed, total dividend INR 4.25 per share approved | board shareholder meetings | low | — | — |
| 9 Sept 2026 · 31st AGM held via video conferencing on Sep 9, 2026 | board shareholder meetings | medium | — | — |
| 9 Sept 2026 · 31st AGM held; Rs 2 final dividend declared for FY26 | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · Notice on proposed transfer of shares to IEPF for unclaimed dividends since FY 2019-20 | compliance | minimal | — | — |
| 2 Sept 2026 · UBS India field trip to visit Triveni Turbine Sompura facility on Sept 8 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Allotment of 3,480 shares under ESOP Plan 2023 | capital market events | low | — | — |
| 17 Aug 2026 · Q1 margin pressure, export and aftermarket orders support recovery | investor communications | medium | — | — |
| 11 Aug 2026 · Link of Recording for Q1 FY27 Earnings Conference Call | investor communications | low | — | — |
| 11 Aug 2026 · Triveni Turbine Q1 FY27 results published - revenue up, profit down | compliance | minimal | — | — |
| 10 Aug 2026 · Triveni Turbine Q1 FY27: Revenue up 19%, margins under pressure | investor communications | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| HITACHI ENERGY INDIA LTD |
| 1,40,200 |
| 121.8 |
| 27.09 |
| — |
| 19.1 |
| 24.7 |
| — |
| 16.9 |
| GE VERNOVA T&D INDIA LTD | 1,16,454 | 89.2 | 43.29 | — | 45.8 | 57.9 | — | 27.4 |
| SIEMENS ENERGY INDIA LTD | 1,13,147 | 76.0 | 23.51 | — | 14.3 | 15.8 | — | 25.9 |
| SUZLON ENERGY LIMITED | 60,678 | 19.4 | 6.41 | 18.8 | 33.4 | 22.7 | 38.0 | 16.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 53.8 | 35.1 | 24 of 34 | 30% |
| P/B | 12.5 | 5.7 | 27 of 33 | 19% |
| ROCE | 31.8 | 16.6 | 5 of 36 | 89% |
| ROE | 24.2 | 14.6 | 8 of 35 | 79% |
| Debt / Equity | 0.0 | 0.1 | 2 of 35 | 65% |
| EBITDA margin | 18.0 | 16.4 | 16 of 35 | 56% |
| Revenue growth | 19.2 | 17.7 | 16 of 33 | 53% |
| Profit growth | (20.6) | 6.7 | 21 of 32 | 36% |
| Market cap | 18081 | 7198 | 12 of 35 | 68% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
