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About
Triton Valves Ltd (TRITONV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505978 NSE: TRITONV Auto Ancillary | Small Cap | Triton Valves Share Price
₹1,042.40 -1.00 (-0.10%)
As on 13-Oct'26 16:59
Triton Valves Ltd (TRITONV)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 505978 NSE: TRITONV Auto Ancillary | Small Cap | Triton Valves Share Price
₹1,042.40 -1.00 (-0.10%)
As on 13-Oct'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹534 Cr.
Current Price
₹1,042.4
52-Week Low / High
₹650 / 1,331
TTM EPS
₹35.1
TTM Sales
₹630 Cr.
Book Value per Share
₹277.1
P/E Ratio
29.75
Lower than its 5-year historical median
Industry PE
46.4
Price to Book (P/B)
3.77
Higher than its 5-year historical median
Price to Sales (P/S)
0.85
In line with its 5-year historical median
EV/EBITDA
14.96
Lower than its 5-year historical median
Dividend Yield
0.24%
Profitability Efficiency
Return on Equity (ROE)
8.30%
Underperforms industry median
Return on Capital Employed (ROCE)
10.80%
Underperforms industry median
Return on Assets (ROA)
3.04%
Operating Profit Margin
7%
Net Profit Margin
1.68%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
13.86%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
29.13%
Net Profit Growth (1 Year)
-
89.65%
Asset Quality
Promoter Holding
46.11%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹137 Cr.
Equity
₹5.1 Cr.
Face Value
₹10
All Time Low / High
₹23.42 / 1393.62
Check Before You Invest
Quality
Not GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Weak
Is Triton Valves Ltd a good quality company?
Triton Valves Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Triton Valves Ltd performance compare with that of its Peers?
Revenue growth of Triton Valves Ltd vs industry peers?
Triton Valves Ltd revenue CAGR is 20.26%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Triton Valves Ltd?
Promoters hold 46.11% of the Triton Valves Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Triton Valves Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.4% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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.
Triton Valves Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.5% | 11.2% | 7.4% | 9.3% | 10.8% | 5.8% | 2.1% | 9.3% | 8.1% | 9.3% | - |
| Value Creation Index ⓘ | 0.0 | -0.2 | -0.5 | -0.3 | -0.2 | -0.6 | -0.9 | -0.3 | -0.4 | -0.3 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 187 | 221 | 243 | 214 | 233 | 295 | 323 | 343 | 381 | 434 | 439 |
| Sales YoY Gr. | - | 18.2% | 9.9% | -11.9% | 9.3% | 26.3% | 9.6% | 6.2% | 11.1% | 13.9% | - |
| Adj EPS ⓘ | 21.8 | 16 | 8.9 | 12.2 | 20.8 | 4.1 | -5.2 | 15.7 | 14.5 | 83.5 | 29.2 |
| YoY Gr. | - | -26.6% | -44.1% | 36.2% | 71.4% | -80.5% | -228% | NA | -7.6% | 475.5% | - |
| BVPS (₹) ⓘ | 166.2 | 178.5 | 182.7 | 187.5 | 210.3 | 209.7 | 203.1 | 244.4 | 258.7 | 1,143.7 | 308 |
| Adj Net Profit ⓘ | 8.6 | 6.3 | 3.5 | 5 | 8.6 | 1.7 | -2.2 | 7.4 | 7 | 10.7 | 15 |
| Cash Flow from Ops. ⓘ | 23.1 | 18.3 | 15.5 | 28.8 | 1.8 | -6.1 | -5.4 | 1.8 | -15.7 | -2.1 | - |
| Debt/CF from Ops. ⓘ | 2.4 | 3 | 3.5 | 1.5 | 35 | -11.7 | -15 | 45.6 | -5.5 | -41.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.8% | 13.2% | 10.4% | 13.9% | ||||
| Adj EPS ⓘ | 16.1% | 32% | NA | 475.5% | ||||
| BVPSⓘ | 23.9% | 40.3% | 77.9% | 342.1% | ||||
| Share Price | 13.2% | 25.4% | 36.8% | 43.1% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 14 | 9.3 | 5 | 6.7 | 10.5 | 1.9 | -2.5 | 7.3 | 5.6 | 7.8 | 4 |
| Op. Profit Mgn % ⓘ | 13.5 | 10.7 | 8 | 10.3 | 9.5 | 4.8 | 2 | 5.3 | 4 | 5.3 | 5.7 |
| Net Profit Mgn % ⓘ | 4.6 | 2.9 | 1.5 | 2.4 | 3.7 | 0.6 | -0.7 | 2.2 | 1.8 | 2.5 | 3.4 |
| Debt to Equity ⓘ | 0.8 | 0.8 | 0.8 | 0.6 | 0.7 | 0.8 | 1 | 0.7 | 0.7 | 0.6 | - |
| Working Cap Days ⓘ | 119 | 125 | 123 | 142 | 161 | 169 | 178 | 171 | 175 | 176 | 61 |
| Cash Conv. Cycle ⓘ | 86 | 77 | 75 | 75 | 61 | 55 | 55 | 53 | 66 | 74 | 11 |
Valuation of Triton Valves - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Sales | 214 | 230 | 322 | 362 | 428 | 488 | 578 |
| Operating Expenses ⓘ + | 191 | 207 | 304 | 348 | 398 | 457 | 538 |
| Operating Profit ⓘ | 23 | 23 | 18 | 14 | 31 | 31 | 40 |
| Operating Profit Margin (%) | 10.5% | 10.1% | 5.7% | 3.9% | 7.2% | 6.4% | 7.0% |
| Other Income ⓘ + | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 5 | 4 | 8 | 12 | 13 | 13 | 13 |
| Depreciation ⓘ | 11 | 11 | 13 | 13 | 13 | 12 | 12 |
| Profit Before Tax ⓘ | 7 | 10 | -2 | -10 | 5 | 8 | 14 |
| Tax ⓘ | 2 | 2 | 1 | -1 | 2 | 3 | 4 |
| Profit After Tax | 5 | 8 | -3 | -9 | 3 | 5 | 10 |
| PAT Margin (%) | 2.6% | 3.4% | -0.9% | -2.4% | 0.7% | 1.1% | 1.7% |
| Adjusted EPS (₹) | 13.2 | 18.9 | -7.1 | -20.8 | 5.9 | 10.7 | 75.9 |
| Dividend Payout Ratio (%) | 28.40% | 26.40% | -17.70% | 0% | 42.10% | 23.50% | 3.30% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 77 | 85 | 81 | 72 | 99 | 106 | 128 | ||||
| Debt + | 57 | 87 | 113 | 120 | 109 | 124 | 124 | ||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Trade Payables | 17 | 29 | 26 | 33 | 35 | 40 | 54 | ||||
| Others Liabilities ⓘ | 9 | 23 | 21 | 25 | 31 | 31 | 33 | ||||
| Total Liabilities ⓘ | 161 | 224 | 241 | 249 | 273 | 300 | 339 | ||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 57 | 88 | 90 | 94 | 83 | 78 | 84 | ||||
| CWIP ⓘ | 3 | 5 | 4 | 1 | 2 | 9 | 6 | ||||
| Investments ⓘ | 1 | 1 | 1 | 1 | 1 | 2 | 1 | ||||
| Inventories | 35 | 44 | 69 | 69 | 76 | 102 | 122 | ||||
| Trade Receivables | 35 | 44 | 47 | 54 | 51 | 66 | 76 | ||||
| Cash Equivalents | 11 | 13 | 3 | 1 | 32 | 2 | 4 | ||||
| Others Assets ⓘ | 19 | 28 | 27 | 30 | 28 | 41 | 47 | ||||
| Total Assets ⓘ | 161 | 224 | 241 | 249 | 273 | 300 | 339 | ||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 22 | 6 | -9 | 16 | 25 | -14 | 18 |
| Cash Flow From Investing Activity ⓘ + | -12 | -38 | -16 | -15 | 1 | -17 | -13 |
| Cash Flow From Financing Activity ⓘ + | -0 | 34 | 15 | -4 | 4 | 1 | -5 |
| Net Cash Flow ⓘ | 10 | 2 | -11 | -2 | 30 | -30 | 1 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 7.04 | 9.58 | -3.54 | -11.39 | 3.31 | 5.01 | 8.3 | |||
| ROCE (%) | 8.85 | 8.74 | 3.02 | 1.08 | 8.53 | 8.75 | 10.8 | |||
| Asset Turnover Ratio | 1.33 | 1.2 | 1.39 | 1.48 | 1.65 | 1.71 | 1.82 | |||
| PAT to CFO Conversion(x) | 4.4 | 0.75 | N/A | N/A | 8.33 | -2.8 | 1.8 | |||
| Working Capital Days | ||||||||||
| Receivable Days | 58.90 | 62.60 | 51.50 | 50.50 | 44.30 | 43.70 | 44.60 | |||
| Inventory Days | 60 | 62.80 | 63.60 | 69.10 | 61.60 | 66.30 | 70.20 | |||
| Payable Days | 47.20 | 56.90 | 45 | 41.60 | 40.90 | 38.30 | 40.20 | |||
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Triton Valves Ltd FAQs
The current trading price of Triton Valves on 13-Oct-2026 16:59 is ₹1,042.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Oct-2026 the market cap of Triton Valves stood at ₹534.4 Cr
The latest P/E ratio of Triton Valves as of 12-Oct-2026 is 35.79.
The latest P/B ratio of Triton Valves as of 12-Oct-2026 is 3.39.
The 52-week high of Triton Valves is ₹1,331 and the 52-week low is ₹650.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Triton Valves is ₹439 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Triton Valves Ltd is a below average quality company.
The key valuation ratios of Triton Valves Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Triton Valves Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Triton Valves Ltd
Triton Valves Ltd was incorporated in 1976 by M.V. Gokarn. Gokarn was a technocrat entrepreneur with a vision. His vision was to establish world-class manufacturing in India, not just for tyre valves but for a wide range of industrial and automotive products.
Triton was established in technical collaboration with Pingeot Bardin SA a leading manufacturer of automotive tyre valves in France. Critical manufacturing technology was transferred to Triton during the five year collaboration with Pingeot Bardin.
It is India’s largest manufacturer of automotive tyre tube valves, valve cores and accessories. For over three decades they have been developing and manufacturing high precision products to meet the diverse requirements of their customers around the world.
The manufacturing facility of the company was setup on a 14 acre plot in Mysore, 140 km from Bangalore in Southern India. Equipment was imported from Europe and a young dedicated team of engineers was formed.
Commercial production of the company commenced in 1978 with an annual capacity of 3 million valves and 4 million valve cores. Triton quickly established a reputation for its quality and customer service and emerged as a strong player in the tyre valve market in India.
The company plunged into a crisis with the untimely demise of Gokarn in 1986. However the management team rose to the challenge under the leadership of Mrs. Gokarn and soon Triton emerged as the market leader in India.
Today Triton has many significant achievements to its credit. It is the market leader in India with over 60% market share, the first in the industry to acquire the QS 9000 and the ISO/TS 16949 certifications; it has the most modern manufacturing facility in India and is also the fastest growing company in the industry.
Produc range of the company includes:
- Valvas
- Cores
- Service Tools
- Adapters & Plugs
- Accessories
Clientele:
The company’s reputation for quality, delivery and customer service has earned them the trust of their Original Equipment customers such as Apollo Tyres, Bridgestone India, Ceat Tyres, JK tyres, MRF Tyres, Mahindra & Mahindra, Tata Motors, TVS-Srichakra Tyres and Wheels India.
Milestones:
- 1976 - Incorporation of the company
- 1978 - Commencement of commercial production with technical collaboration from Pingeot Bardin SA of France
- 1992 - Triton emerges as the market leader in India
- 1996 - Certified for ISO 9002
- 2000 - Certified for QS 9000
- 2004 - Certified for ISOTS:16949
- 2007 - Large scale capaity expansion
Achievements/ recognition:
- 1996 - Certified for ISO 9002
- 2000 - Certified for QS 9000
- 2004 - Certified for ISOTS: 16949
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