MoneyWorks4Me

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

₹1,080.35 6.30 (0.59%)

As on 22-Sep'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

₹1,080.35 6.30 (0.59%)

As on 22-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹553 Cr.
Current Price
₹1,080.4
52-Week Low / High
₹650 / 1,331
TTM EPS
₹35.1
TTM Sales
₹630 Cr.
Book Value per Share
₹277.1
P/E Ratio
30.80
Lower than its 5-year historical median
Industry PE
49.2
Price to Book (P/B)
3.90
Higher than its 5-year historical median
Price to Sales (P/S)
0.88
In line with its 5-year historical median
EV/EBITDA
15.38
Lower than its 5-year historical median
Dividend Yield
0.23%
Profitability Efficiency
Return on Equity (ROE)
5.01%
Underperforms industry median
Return on Capital Employed (ROCE)
8.75%
Underperforms industry median
Return on Assets (ROA)
1.79%
Operating Profit Margin
6.4%
Net Profit Margin
1.05%
Gross Profit Margin
4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
11.11%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-0.23%
Net Profit Growth (1 Year)
-
82.21%
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

Triton Valves stock performance

Key Ratios
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Check Before You Invest

Valuation

Somewhat Overvalued

Price Trend

Weak
Q.1 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?
Q.1 Revenue growth of Triton Valves Ltd vs industry peers?
Triton Valves Ltd revenue CAGR is 17.95%, compared to the industry median CAGR of 0.79%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of Triton Valves Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.6% 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 end

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.
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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 12.9%13.5%11.2%7.4%9.3%10.8%5.8%2.1%9.3%8.1%-
Value Creation
Index
-0.10.0-0.2-0.5-0.3-0.2-0.6-0.9-0.3-0.4-

Growth Parameters

Sales 165187221243214233295323343381439
Sales YoY Gr.-13%18.2%9.9%-11.9%9.3%26.3%9.6%6.2%11.1%-
Adj EPS 18.321.8168.912.220.84.1-5.215.714.529.2
YoY Gr.-19.3%-26.6%-44.1%36.2%71.4%-80.5%-228%NA-7.6%-
BVPS (₹) 144.2166.2178.5182.7187.5210.3209.7203.1244.4258.7308
Adj Net
Profit
7.28.66.33.558.61.7-2.27.4715
Cash Flow from Ops. 12.823.118.315.528.81.8-6.1-5.41.8-14.3-
Debt/CF from Ops. 4.42.433.51.535-11.7-1545.6-6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.7%12.3%9%11.1%
Adj EPS -2.5%3.6%52.7%-7.6%
BVPS6.7%6.7%7.3%5.8%
Share Price 13.8% 27% 39.5% 25.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.3149.356.710.51.9-2.57.35.610.3
Op. Profit
Mgn %
13.113.510.7810.39.54.825.345.7
Net Profit
Mgn %
4.44.62.91.52.43.70.6-0.72.21.83.4
Debt to
Equity
10.80.80.80.60.70.810.70.7-
Working Cap
Days
12911912512314216116917817117461
Cash Conv.
Cycle
9586777575615555536611

Valuation of Triton Valves - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

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 (%)

Financials

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales214230322362428488
Operating Expenses + 191207304348398458
Manufacturing Costs153349515659
Material Costs134148223259303358
Employee Cost 292124272728
Other Costs 1268111113
Operating Profit 232318143131
Operating Profit Margin (%) 10.5%10.1%5.7%3.9%7.2%6.3%
Other Income + 121112
Exceptional Items 000000
Interest 548121313
Depreciation 111113131312
Profit Before Tax 710-2-1058
Tax 221-123
Profit After Tax 58-3-935
PAT Margin (%) 2.6%3.4%-0.9%-2.4%0.7%1.1%
Adjusted EPS (₹)13.218.9-7.1-20.85.910.7
Dividend Payout Ratio (%)28.40%26.40%-17.70%0%42.10%23.50%
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7785817299106
Share Capital 111111
Reserves 7684807097105
Debt +5787113120109124
Long Term Debt31818301914
Short Term Debt5468959090110
Minority Interest000000
Trade Payables172926333540
Others Liabilities 92321253130
Total Liabilities 161224241249273299

Fixed Assets

Net Fixed Assets +578890948378
Gross Block98140155171172179
Accumulated Depreciation4151647789101
CWIP 354129
Investments 111112
Inventories3544696976102
Trade Receivables354447545166
Cash Equivalents 111331322
Others Assets 192827302840
Total Assets 161224241249273299
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 226-91625-13
PBT 710-2-1058
Adjustment 161521242625
Changes in Working Capital 2-18-253-4-43
Tax Paid -3-0-3-2-3-3
Cash Flow From Investing Activity + -12-38-16-151-18
Capex -12-38-13-13-3-17
Net Investments 000-24-2
Others 00-4000
Cash Flow From Financing Activity + -03415-441
Net Proceeds from Shares 3010292
Net Proceeds from Borrowing -624-312-11-5
Interest Paid 0-4-8-12-13-13
Dividend Paid -30-3-10-1
Others 51427-3-017
Net Cash Flow 102-11-230-30
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.049.58-3.54-11.393.315.01
ROCE (%)8.858.743.021.088.538.75
Asset Turnover Ratio1.331.21.391.481.651.71
PAT to CFO Conversion(x)4.40.75N/AN/A8.33-2.6
Working Capital Days
Receivable Days58.9062.6051.5050.5044.3043.60
Inventory Days6062.8063.6069.1061.6066.30
Payable Days47.2056.904541.6040.9038.20

Top 5 Mutual Funds Holding

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Announcements

Triton Valves Ltd FAQs

The current trading price of Triton Valves on 22-Sep-2026 16:59 is ₹1,080.4.

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 21-Sep-2026 the market cap of Triton Valves stood at ₹553.4 Cr

The latest P/E ratio of Triton Valves as of 21-Sep-2026 is 37.06.

The latest P/B ratio of Triton Valves as of 21-Sep-2026 is 3.51.

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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