Triveni Engineering & Industries Ltd Stock Analysis

BSE: 532356 | NSE: TRIVENI | Sugar | Mid Cap

BSE Share Price Jan 20, 18:01
268.80 1.60 (0.60%)

DeciZen - Make an Informed Decision on Triveni Engg. & Inds

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Triveni Engineering & Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Triveni Engineering & Industries Ltd is a below average quality company.

2. Is Triveni Engineering & Industries Ltd undervalued or overvalued?

The key valuation ratios of Triveni Engineering & Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Triveni Engineering & Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Triveni Engineering & Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Triveni Engg. & Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Triveni Engineering & Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide
Sep'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 4%4%-2.6%-3.9%3%16.2%7.4%10.4%13.7%12.6%-
Value Creation Index -0.7-0.7-1.2-1.3-0.80.2-0.5-0.3-0.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 1,7081,8602,1022,0611,9152,8253,3703,1524,4244,6644,566
YoY Gr. Rt. %-8.9%13.1%-2%-7.1%47.5%19.3%-6.5%40.4%5.4%-
Adj EPS 0.3-0.4-4.7-6.4-0.611.44.3813.11213
YoY Gr. Rt. %--227.3%NANANANA-62%85.2%64.1%-8.5%-
BVPS (₹) 39.436.720.523.821.330.234.141.851.260.565.1
Adj Net Profit 8.6-10.9-122-164-15.3293111206326291314
Cash Flow from Ops. 168-15.415.3-133-92.9145627-173543841-
Debt/CF from Ops. 4.9-66.451.2-11.1-18.111.92-9.82.81.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 11.8%19.5%11.4%5.4%
Adj EPS 49.1%NA40.7%-8.5%
BVPS 4.923.32118.1
Share Price 32.2% 31.7% 79% 275.2%

Key Financial Parameters

Performance Ratio Colour Code Guide
Sep'11Sep'12Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 0.9-1.1-20.6-23.1-2.644.313.421.127.721.320.7
Op. Profit Mgn % 9.29.62.2-0.96.217.989.712.111.912.5
Net Profit Mgn % 0.5-0.6-5.8-8-0.810.43.36.67.46.26.9
Debt to Equity 0.81.11.52.43.12.21.41.61.20.60.2
Working Cap Days 241221179340367257224271221195108
Cash Conv. Cycle 98104891241791711531751189756

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.44%

Net Profit is growing at healthy rate in last 3 years 40.65%

Debt to equity has declined versus last 3 years average to 0.63

Return on Equity has declined versus last 3 years average to 20.70%

Sales growth is not so good in last 4 quarters at -6.39%

Latest Financials - Triveni Engineering & Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 13 15.1
TTM Sales (₹ Cr.) 4,566 4,578
BVPS (₹.) 65.1 70.4
Reserves (₹ Cr.) 1,550 1,679
P/BV 4.13 3.82
PE 20.72 17.83
From the Market
52 Week Low / High (₹) 69.00 / 269.35
All Time Low / High (₹) 0.49 / 269.35
Market Cap (₹ Cr.) 6,498
Equity (₹ Cr.) 24.2
Face Value (₹) 1
Industry PE 16.2

Management X-Ray of Triveni Engg. & Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

About Triveni Engineering & Industries Ltd

Triveni Engineering & Industries, incorporated in 1937, is engaged in the business of manufacturing sugar, steam turbines and projects and engineering activities.

The company has a strong global presence through strategic tie-ups and joint ventures with dealers and representatives in Finland, Ireland, Venezuela, Holland, Germany, US, Nepal, Bangladesh, Vietnam, Malaysia, Singapore, Indonesia, Sri Lanka, Uganda, Tanzania, West Indies, Kenya and Pakistan.

The company’s registered office is located at Plot No 17-24, Reliance Cybervilae, Vithalrao Nagar, Madhapur, Hyderabad 500081.

Businesses

Sugar - Under this segment, the company is involved in the manufacture sugar, cogeneration of electricity and fermented and distilled and variants of alcohol. Triveni’s current cane crushing capacity is 61,000 TCD.

The company markets its sugar under brand name Shagun. It also sells poha, maida, daliya, atta and besan under the said brand name.

Engineering - The company manufactures turbine, gears and gears boxes and wide range of equipment for water and wastewater treatment requirement.

Retail - Triveni Retail Ventures is one of India's emerging retailers, which operates retail formats in both rural and semi urban Indian. The stores are mainly concentrated in UP and Uttarakhand and is headquartered in Noida (Uttar Pradesh). The company operates over 1.25 lakh square feet of retail space, has over 42 stores across 25 towns in India and employs over 300 dedicated staff.

Milestones

  • 1988 - Triveni Engineering & Industries completed the largest wastewater treatment plant in India of 182 MLD capacity constructed on turnkey basis for Vizag Steel plant
  • 1989 - The company was awarded 'Certificate of Merit' for best performance during season 1987-88 by National Productivity Council of India.
  • 1994 - The company’s gear manufacturing unit becomes the first to be ISO-9001 certified in India.
  • 1999 - Triveni Engineering & Industries completed the largest oil water separation system for Reliance Petroleum, Jamnagar.
  • 2000 - The company’s exported 2.42 lakh quintals of sugar to Pakistan. The same year, Triveni pioneered in joint manufacturing concept for gearboxes - supplied 25 MW.
  • 2002 - The company undertook BPR initiatives and completed system on SAP, BPR by Accenture.
  • 2003 - Triveni Engineering & Industries touched 5000 mark of dispatching of gearbox/gearset.
  • 2004 - In December 2004, the company commissioned its first co-generation plant at Deoband with power generation capacity of 22 MW.
  • 2005 - The company crushed 186.61 lakh quintals of cane during season 2004-05, which was the highest crush in India with highest production of 19.59 lakh quintals of sugar. In September 2005, it commissioned its co-generation plant at Khatauli with power generation capacity of 23 MW. The company secured its first ever Indian order for CEDI based boiler feed water treatment plant for Khatauli Cogen plant.
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