Triveni Turbine share price
NSE: TRITURBINEBSE: 533655Electrical EquipmentSmall Cap
Share price at the NSE close on 29 Oct 2026. Previous close ₹455.60.
29 Oct: open ₹456.00, high ₹472.20, low ₹452.00
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹14,929 Cr379th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 44.39
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.32
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.91%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 25.3%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 27.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 4,01,382
About Triveni Turbine
Triveni Turbine Limited is a Noida-based maker of industrial steam turbines that serves industrial customers in India and abroad.12 Its turbines are used for power generation, combined heat and power and mechanical drives, and it services and refurbishes turbines and other rotating equipment of any make.34 Its customers include sugar mills, distilleries, cement, steel, chemical and paper plants, and renewable energy producers.5
Triveni Turbine makes steam turbines, including API turbines built to American Petroleum Institute standards, and its refurbishment work, which includes a dedicated division, Triveni REFURB, covers turbines of up to 1,000 MW (megawatts) on other makers' platforms.64 It also develops CO2-based heat pumps and chillers, Organic Rankine Cycle turbines that recover waste heat for power, and turbines for CO2-based energy storage.73
It has 4 manufacturing facilities: 2 in Bengaluru (Peenya and Sompura), 1 in Pretoria, South Africa, and 1 in Houston, United States, where subsidiaries run assembly and repair facilities.8 Its more than 6,000 turbine installations in over 80 countries have over 16 GW (gigawatts) of generating capacity, across more than 20 industries.9 Its turbine business began in 1968, serving the sugar industry at first.10 It was incorporated in 1995.1
Its promoter directors are Dhruv M. Sawhney, chairman and managing director, and his sons Nikhil Sawhney, vice chairman and managing director, and Tarun Sawhney, a non-executive director who is vice chairman and managing director of Triveni Engineering & Industries Limited.1112
Triveni Turbine key points
Results
- In the quarter to Jun 2026, revenue from operations rose 19.2% to ₹4.43 billion; EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹797 million, an 18% margin against 25.8%, and profit before tax fell 20.1% to ₹697 million.13
- In the year to Mar 2026, consolidated revenue from operations was ₹21,811 million, up 8.7% and the highest in the company's history; EBITDA rose 1.7% to ₹5,268 million, at a margin of 24.2% against 25.8%.14
- Consolidated profit after tax for the year to Mar 2026 was ₹3,494 million, after a one-time charge of ₹157 million for employee benefit obligations under the new wage code.1516
Business segments
- Product (new turbines). Product sales were 72.5% of revenue in the year to Mar 2026 and grew 16.0%; product orders booked were ₹14.47 billion, 62% of the year's order booking.1718
- Aftermarket (spares, service and refurbishment). Aftermarket sales fell to ₹5,995 million in the year to Mar 2026, 27.5% of revenue; aftermarket orders booked rose 41% to ₹8.78 billion, 38% of the year's order booking, and refurbishment bookings rose 107%.1920
Where revenue comes from
Order book
- The order book (orders received but not yet delivered) was ₹21.80 billion at the end of June 2026, up 5.1% from a year earlier; exports were 57% of it and the aftermarket 29%, against 14% a year earlier.2425
- Orders booked in the quarter to Jun 2026 rose 6.1% to ₹5.68 billion; exports were 68% and the aftermarket 39% of the total, while domestic orders fell 35.4%.2627
Research and development
- As of 31 March 2026, Triveni Turbine had 418 intellectual property filings worldwide, concentrated in turbomachinery and CO2-based power systems.28
- Triveni Turbine's research and engineering team has 170 members, 15% of the workforce, and works with IISc, IIT Madras, ITSM Stuttgart, Politecnico di Milano and the University of Genoa.2930
- In August 2025 the company launched what it calls India's first CO2 heat pump, developed with IISc Bengaluru; it also has orders for mechanical vapour recompression systems (steam compressors) under execution.3132
- As of its annual report of 14 Aug 2026, Triveni Turbine was executing what it calls India's first CO2-based long-duration energy storage system, of 160 MWh (megawatt-hours), a proof-of-concept project at NTPC's Kudgi plant in Karnataka with Energy Dome; it makes the CO2 turbines.3334
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it is expanding its Sompura plant in Bengaluru with a new bay, gantry and 5-axis blade polishing machines.35
- Additions to property, plant and equipment and intangible assets, excluding right-of-use (leased) assets, were ₹673 million in the year to Mar 2026, mainly corporate office infrastructure, plant and machinery, and the Sompura facility extension, still under construction.36
- The company stated in its annual report for the year to Mar 2026 that it is expanding its in-house Load Test Centre for turbines, targeted to be ready in the year to Mar 2027.37
What the company expects
- On its earnings call of 11 Aug 2026, the company said it expects revenue and profit to grow in the year to Mar 2027, and margins to improve in the second half of that year.38
- On its earnings call of 11 Aug 2026, the company said it believes it can maintain a profit before tax margin of over 20% in the medium and long term.39
- On its earnings call of 11 Aug 2026, the company said it is targeting break-even for its US subsidiary in the year to Mar 2027, after a substantial loss there in the quarter to Jun 2026.40
- On its earnings call of 11 Aug 2026, the company said the NTPC Kudgi energy storage project was due for commissioning in the quarter to Sep 2026; the company's documents give no outcome.41
Recent events
- On 18 Sep 2026, ICRA reaffirmed the company's bank facility ratings (an assessment of its ability to repay) at AA+ (Stable) long term and A1+ short term, and assigned A1+ to added short-term facilities, as the total rose from ₹889.50 crore to ₹1,099.50 crore.42
- TSE Engineering (Pty) Ltd was merged into Triveni Turbines Africa (Pty) Ltd, both step-down subsidiaries (subsidiaries of a subsidiary) in South Africa, effective 1 Apr 2026.43
- On 30 Oct 2025, its subsidiary Triveni Turbines FZCO bought the remaining 30% of TSE Engineering for ₹56 million, making it wholly owned.44
Last updated
All 44 sources, each with its page
- 1. Annual report, 14 Aug 2026, page 1
- 2. Annual report, 14 Aug 2026, page 60
- 3. Annual report, 14 Aug 2026, page 57
- 4. Annual report, 14 Aug 2026, page 8
- 5. Annual report, 14 Aug 2026, page 60
- 6. Annual report, 14 Aug 2026, page 26
- 7. Annual report, 14 Aug 2026, page 26
- 8. Annual report, 14 Aug 2026, page 7
- 9. Annual report, 14 Aug 2026, page 10
- 10. Annual report, 14 Aug 2026, page 4
- 11. Annual report, 14 Aug 2026, page 43
- 12. Annual report, 14 Aug 2026, page 46
- 13. Earnings call, 11 Aug 2026, page 3
- 14. Annual report, 14 Aug 2026, page 35
- 15. Annual report, 14 Aug 2026, page 37
- 16. Annual report, 14 Aug 2026, page 19
- 17. Annual report, 14 Aug 2026, page 35
- 18. Annual report, 14 Aug 2026, page 29
- 19. Annual report, 14 Aug 2026, page 35
- 20. Annual report, 14 Aug 2026, page 29
- 21. Annual report, 14 Aug 2026, page 35
- 22. Annual report, 14 Aug 2026, page 20
- 23. Earnings call, 11 Aug 2026, page 3
- 24. Investor presentation, 10 Aug 2026, page 30
- 25. Investor presentation, 10 Aug 2026, page 32
- 26. Investor presentation, 10 Aug 2026, page 30
- 27. Earnings call, 11 Aug 2026, page 3
- 28. Annual report, 14 Aug 2026, page 32
- 29. Annual report, 14 Aug 2026, page 12
- 30. Annual report, 14 Aug 2026, page 57
- 31. Annual report, 14 Aug 2026, page 29
- 32. Annual report, 14 Aug 2026, page 12
- 33. Annual report, 14 Aug 2026, page 9
- 34. Annual report, 14 Aug 2026, page 32
- 35. Annual report, 14 Aug 2026, page 30
- 36. Annual report, 14 Aug 2026, page 35
- 37. Annual report, 14 Aug 2026, page 32
- 38. Earnings call, 11 Aug 2026, page 5
- 39. Earnings call, 11 Aug 2026, page 10
- 40. Earnings call, 11 Aug 2026, page 13
- 41. Earnings call, 11 Aug 2026, page 5
- 42. Exchange filing, 18 Sep 2026, page 1
- 43. Exchange filing, 15 Apr 2026, page 1
- 44. Annual report, 14 Aug 2026, page 61
Results
Consolidated; ₹ crore.Triveni Turbine quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +17.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −1.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹443 Crdown 34.86%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹51 Crdown 49.85%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.5%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 501 | 503 | 538 | 371 | 506 | 624 | 680 | 443 |
| Net profit | 91 | 93 | 95 | 64 | 91 | 92 | 102 | 51 |
| Net margin | 18.2% | 18.4% | 17.6% | 17.3% | 18.1% | 14.7% | 15.0% | 11.5% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹2,181 Crup 8.74%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹349 Crdown 2.57%
- Net margin
- 16.0%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 766what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹21 crore, a tax on the goods the company makes that it collects and pays to the government. | 753what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹2.22 crore, a tax on the goods the company makes that it collects and pays to the government. | 840 | 818 | 703 | 852 | 1,248 | 1,654 | 2,006 | 2,181 |
| Net profit | 124 | 96 | 100 | 122 | 102 | 270 | 193 | 269 | 359 | 349 |
| Net margin | 16.1% | 12.7% | 11.9% | 14.9% | 14.6% | 31.7% | 15.5% | 16.3% | 17.9% | 16.0% |
Business segments
In the year to Mar 2026 the company reports one business segment, Manufacture of Steam Turbines & Part thereof, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Triveni Turbine PE ratio and valuation
At or below today's level on 50% of 2,479 trading days over the last 10 years.
At or below today's level on 52% of 1,977 trading days since Nov 2018.
At or below today's level on 78% of 2,434 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −21.0% | −2.5% | −20.0% | 1.0% |
| 3 years | +10.5% | +22.6% | −10.5% | 0.8% |
| 5 years | +34.7% | +28.3% | +4.5% | 0.7% |
Mutual fund holdings
105 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 56 of the 65 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 105 funds holding Triveni Turbine
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 2
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 27
- CutCut. Funds that held fewer shares than at the end of the month before.
- 38
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 37
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 1
| Fund | |||
|---|---|---|---|
| 38,02,634 | 0.38% | ₹205.1 Cr | |
| 31,03,288 | 2.13% | ₹167.4 Cr | |
| 28,88,770 | 0.67% | ₹155.8 Cr | |
| 27,90,017 | 1.87% | ₹150.5 Cr | |
| 27,03,629 | 0.78% | ₹145.8 Cr | |
| 24,87,456 | 1.37% | ₹134.2 Cr | |
| 21,83,563 | 0.70% | ₹117.8 Cr | |
| 21,28,831 | 0.82% | ₹114.8 Cr | |
| 20,64,503 | 0.75% | ₹111.4 Cr | |
| 18,42,606 | 0.12% | ₹99.4 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Triveni Turbine insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Triveni Turbine competitors and peers
Heavy Electrical Equipment, 48 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Triveni Turbine in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 38,048 | 64.12 | 6.86 | +4.7% | −11.6% | 11.3% | 8.3% | 0.63% | |
| 27,035 | 147.12 | 34.91 | +9.6% | −29.5% | 27.5% | 24.7% | 0.00% | |
| 23,127 | 84.10 | 21.58 | +54.3% | +45.3% | 28.5% | 32.8% | 0.15% | |
| 16,364 | 117.73 | 10.70 | +28.7% | +39.5% | 9.5% | 9.0% | 0.00% | |
| 12,819 | 58.95 | 13.80 | – | – | 23.4% | 34.7% | 0.00% | |
| 11,240 | – | – | – | – | – | – | 0.00% | |
| 11,081 | 83.12 | 20.44 | – | – | 27.6% | 21.3% | 0.09% | |
| 10,295 | 31.84 | 5.51 | +22.9% | −1.6% | 18.4% | 19.3% | 0.98% |
Dividends
Per share, by the year it was paid for, and the latest payments.Triveni Turbine dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 2 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹2.00 |
| 9 Feb 2026 | Interim | ₹2.25 |
| 1 Sep 2025 | Final | ₹2.00 |
| 6 Feb 2025 | Interim | ₹2.00 |
| 6 Sep 2024 | Final | ₹1.30 |
| 16 Feb 2024 | Interim | ₹1.30 |
Latest announcements
Routine notices left out.Triveni Turbine announcements
Oct 2026
27 Oct · Disclosure
1 Oct · Management
Sep 2026
25 Sep · Disclosure
18 Sep · Rating
Triveni Turbine share price by year
Each calendar year to 2025.Triveni Turbine share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 538.25 | −27.4% | 778.05 | 477.35 |
| 2024 | 741.35 | +74.8% | 834.85 | 354.00 |
| 2023 | 424.15 | +63.0% | 445.30 | 244.60 |
| 2022 | 260.25 | +37.4% | 304.25 | 151.25 |
| 2021 | 189.45 | +133.3% | 221.40 | 80.95 |
| 2020 | 81.20 | −13.7% | 100.05 | 49.10 |
| 2019 | 94.05 | −14.9% | 122.10 | 83.75 |
| 2018 | 110.50 | −17.3% | 134.55 | 96.10 |
| 2017 | 133.55 | +12.4% | 157.10 | 113.20 |
| 2016 | 118.85 | +5.3% | 129.65 | 90.10 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 453.00 | 463.80 | 450.30 | 455.60 | 456.33 | 2,85,928 | 40.3% |
| 27 Oct 2026 | 446.60 | 459.00 | 446.00 | 452.20 | 452.27 | 5,11,733 | 56.2% |
| 26 Oct 2026 | 445.05 | 454.50 | 437.70 | 446.60 | 445.74 | 3,45,267 | 44.9% |
| 23 Oct 2026 | 450.05 | 452.70 | 432.85 | 445.05 | 438.73 | 6,20,651 | 53.6% |
| 22 Oct 2026 | 456.90 | 459.85 | 445.10 | 453.05 | 453.14 | 17,60,526 | 69.0% |
| 21 Oct 2026 | 485.00 | 489.90 | 456.70 | 459.90 | 464.33 | 5,46,248 | 50.9% |
| 19 Oct 2026 | 494.65 | 495.90 | 483.00 | 484.70 | 487.03 | 3,16,631 | 51.3% |
| 16 Oct 2026 | 508.60 | 510.00 | 494.15 | 495.90 | 499.11 | 5,67,570 | 49.6% |
| 15 Oct 2026 | 522.75 | 527.00 | 503.15 | 506.10 | 510.06 | 3,90,915 | 49.4% |
Company details
- NSE symbol
- TRITURBINE
- BSE code
- 533655
- ISIN
- INE152M01016
- Industry
- Electrical Equipment
- Website
- www.triveniturbines.com
- CIN
- L29110UP1995PLC041834
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- Unit No. 401, 4th Floor, BPTP Capital City, Sector 94, Noida 201301, Uttar Pradesh
- Share registrar
- Alankit Assignments Ltd
- Keeps the register of shareholders and handles transfers and dividend payments