Triveni Turbine Limited (TTL), founded in 1968 and headquartered in Bengaluru, India, is a leading manufacturer of industrial steam turbines with a global presence in over 80 countries and more than 6,000 installations. The company designs, manufactures, and services steam turbines up to 100 Megawatt Electric (MWe), catering to industries such as sugar, steel, cement, paper, textiles, and renewable energy. Renowned for its commitment to innovation and energy efficiency, TTL invests heavily in research and development to create environmentally friendly solutions. Their state-of-the-art manufacturing facilities and precision engineering capabilities enable them to deliver high-performance, customized turbines. TTL also offers comprehensive aftermarket services, including maintenance, repair, and overhaul. Led by Chairman and Managing Director Mr. Dhruv M. Sawhney and Vice Chairman and Managing Director Mr. Nikhil Sawhney, TTL’s experienced leadership ensures continuous innovation and excellence, supported by an extensive global network providing timely client support and services.
History of Triveni Turbine Limited
Founded in 1968 as part of the Triveni Group, Triveni Turbine Limited (TTL) has evolved into a leading manufacturer of industrial steam turbines. Initially focused on expanding its manufacturing capabilities and product range, TTL made significant technological advancements in the 1990s, enhancing its turbines’ efficiency and global presence. The early 2000s saw the company expand its reach to over 80 countries with more than 6,000 installations. Under the leadership of Mr. Dhruv M. Sawhney and Mr. Nikhil Sawhney in the 2010s, TTL introduced new turbine models and strengthened its aftermarket services. Recently, TTL has emphasized sustainability and renewable energy, developing solutions for biomass and waste-to-energy projects, while continuing to drive innovation and customer satisfaction.
Shareholding Patterns of Triveni Turbine Limited
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 55.84% | 55.84% | 55.84% | 55.84% | 55.84% |
| FIIs + | 26.79% | 27.68% | 27.28% | 27.26% | 27.51% |
| DIIs + | 12.56% | 11.66% | 12.49% | 12.71% | 12.33% |
| Public + | 4.82% | 4.82% | 4.39% | 4.18% | 4.32% |
| No. of Shareholders | 82,728 | 88,418 | 83,605 | 91,420 | 1,07,624 |
Triveni Turbine Limited, the shareholding patterns from June 2023 to June 2024 show the following:
Promoters consistently hold 55.84% of the company’s shares throughout the period. Foreign Institutional Investors (FIIs) have a fluctuating but stable stake, increasing from 26.79% in June 2023 to 27.51% in June 2024. Domestic Institutional Investors (DIIs) show a slight decrease from 12.56% in June 2023 to 12.33% in June 2024. The public shareholding remains relatively stable, with a minor decrease from 4.82% in June 2023 to 4.32% in June 2024. The number of shareholders has grown significantly, from 82,728 in June 2023 to 107,624 in June 2024, indicating increased investor interest and participation.
How to Purchase Triveni Turbine Ltd Shares in India?
Below are the trading platforms that you can use to purchase Triveni Turbine Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Triveni Turbine Ltd Share Price Target 2024, 2025 to 2030
Triveni Turbine Ltd Share Price Target 2024
| When | Maximum Price | Minimum Price |
| August 2024 | 692.05 | 601.79 |
| September 2024 | 719.74 | 625.86 |
| October 2024 | 705.62 | 613.59 |
| November 2024 | 733.85 | 638.13 |
| December 2024 | 741.19 | 644.51 |
In August 2024, Triveni Turbine Ltd’s stock is expected to reach a maximum price of ₹692.05 and a minimum price of ₹601.79. By December 2024, the stock is projected to attain a maximum price of ₹741.19 and a minimum price of ₹644.51.
Triveni Turbine Ltd Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 748.60 | 575.85 |
| February 2025 | 756.16 | 581.66 |
| March 2025 | 772.04 | 593.88 |
| April 2025 | 764.40 | 588.00 |
| May 2025 | 742.13 | 570.87 |
| June 2025 | 775.53 | 596.56 |
| July 2025 | 760.32 | 584.86 |
| August 2025 | 783.84 | 602.95 |
| September 2025 | 793.24 | 610.19 |
| October 2025 | 813.87 | 626.05 |
| November 2025 | 834.21 | 641.70 |
| December 2025 | 871.75 | 670.58 |
In January 2025, Triveni Turbine Ltd’s stock is expected to reach a maximum price of ₹748.60 and a minimum price of ₹575.85. By December 2025, the stock is projected to attain a maximum price of ₹871.75 and a minimum price of ₹670.58.
Triveni Turbine Ltd Share Price Prediction 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 897.91 | 690.70 |
| February 2026 | 875.46 | 673.43 |
| March 2026 | 892.97 | 686.90 |
| April 2026 | 911.19 | 700.92 |
| May 2026 | 902.17 | 693.98 |
| June 2026 | 924.72 | 711.33 |
| July 2026 | 906.59 | 697.38 |
| August 2026 | 934.63 | 718.95 |
| September 2026 | 953.32 | 733.33 |
| October 2026 | 978.11 | 752.39 |
| November 2026 | 1,002.56 | 771.20 |
| December 2026 | 1,027.63 | 790.48 |
Triveni Turbine Ltd Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 1,037.90 | 798.39 |
| February 2027 | 1,064.52 | 818.86 |
| March 2027 | 1,106.03 | 850.79 |
| April 2027 | 1,084.35 | 834.11 |
| May 2027 | 1,052.76 | 809.82 |
| June 2027 | 1,100.14 | 846.26 |
| July 2027 | 1,078.57 | 829.67 |
| August 2027 | 1,111.92 | 855.33 |
| September 2027 | 1,150.84 | 885.26 |
| October 2027 | 1,180.76 | 908.28 |
| November 2027 | 1,210.28 | 930.99 |
| December 2027 | 1,240.54 | 954.26 |
Triveni Turbine Ltd Share Price Prediction 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 1,265.35 | 973.35 |
| February 2028 | 1,297.79 | 998.30 |
| March 2028 | 1,348.41 | 1,037.24 |
| April 2028 | 1,321.97 | 1,016.90 |
| May 2028 | 1,283.46 | 987.28 |
| June 2028 | 1,341.22 | 1,031.71 |
| July 2028 | 1,314.92 | 1,011.48 |
| August 2028 | 1,355.59 | 1,042.76 |
| September 2028 | 1,403.04 | 1,079.26 |
| October 2028 | 1,439.51 | 1,107.32 |
| November 2028 | 1,475.50 | 1,135.00 |
| December 2028 | 1,512.39 | 1,163.38 |
Triveni Turbine Ltd Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 1,542.64 | 1,186.64 |
| February 2029 | 1,582.19 | 1,217.07 |
| March 2029 | 1,643.90 | 1,264.54 |
| April 2029 | 1,611.66 | 1,239.74 |
| May 2029 | 1,564.72 | 1,203.63 |
| June 2029 | 1,635.14 | 1,257.80 |
| July 2029 | 1,603.07 | 1,233.13 |
| August 2029 | 1,652.65 | 1,271.27 |
| September 2029 | 1,710.50 | 1,315.77 |
| October 2029 | 1,754.97 | 1,349.98 |
| November 2029 | 1,798.84 | 1,383.73 |
| December 2029 | 1,843.81 | 1,418.32 |
Triveni Turbine Ltd Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 1,880.69 | 1,446.69 |
| February 2030 | 1,928.91 | 1,483.78 |
| March 2030 | 2,004.14 | 1,541.65 |
| April 2030 | 1,964.84 | 1,511.42 |
| May 2030 | 1,907.62 | 1,467.40 |
| June 2030 | 1,993.46 | 1,533.43 |
| July 2030 | 1,954.37 | 1,503.36 |
| August 2030 | 2,014.82 | 1,549.86 |
| September 2030 | 2,085.33 | 1,604.10 |
| October 2030 | 2,139.55 | 1,645.81 |
| November 2030 | 2,193.04 | 1,686.96 |
| December 2030 | 2,247.87 | 1,729.13 |
In January 2030, Triveni Turbine Ltd’s stock is anticipated to reach a maximum price of ₹1,880.69 and a minimum price of ₹1,446.69. By December 2030, the stock is projected to attain a maximum price of ₹2,247.87 and a minimum price of ₹1,729.13.
Financial Condition of Triveni Turbine Ltd
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 818 | 703 | 852 | 1,248 | 1,654 | 1,741 |
| Expenses + | 660 | 553 | 692 | 1,012 | 1,335 | 1,398 |
| Operating Profit | 158 | 149 | 161 | 235 | 319 | 343 |
| OPM % | 19% | 21% | 19% | 19% | 19% | 20% |
| Other Income + | 24 | 6 | 227 | 43 | 62 | 69 |
| Interest | 5 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 20 | 20 | 20 | 20 | 21 | 22 |
| Profit before tax | 156 | 132 | 365 | 256 | 358 | 387 |
| Tax % | 22% | 22% | 26% | 25% | 25% | |
| Net Profit + | 122 | 102 | 270 | 193 | 269 | 289 |
| EPS in Rs | 3.77 | 3.17 | 8.36 | 6.06 | 8.47 | 9.08 |
| Dividend Payout % | 13% | 38% | 23% | 0% | 15% |
Triveni Turbine Limited (TTL) has shown significant financial growth over recent years. In March 2020, TTL reported sales of ₹818 crores, which grew consistently to reach ₹1,654 crores by March 2024, and the trailing twelve months (TTM) sales figure stands at ₹1,741 crores. Alongside this growth in sales, TTL’s expenses increased from ₹660 crores in March 2020 to ₹1,335 crores by March 2024, reflecting the company’s expansion and increased operational costs.
The company’s operating profit, which was ₹158 crores in March 2020, also saw an upward trend, reaching ₹319 crores by March 2024. The operating profit margin (OPM) has remained stable at around 19% throughout these years, highlighting consistent efficiency in managing operating costs relative to sales. TTL’s other income, which saw significant fluctuations, contributed ₹62 crores in March 2024, with a TTM figure of ₹69 crores.
Interest expenses have remained relatively stable at ₹5 crores annually, while depreciation costs increased slightly to ₹21 crores by March 2024. The profit before tax grew from ₹156 crores in March 2020 to ₹358 crores in March 2024, indicating robust operational performance and improved profitability. Net profit also demonstrated a strong upward trajectory, rising from ₹122 crores in March 2020 to ₹269 crores by March 2024, with a TTM net profit of ₹289 crores.
Earnings per share (EPS) saw a substantial increase, climbing from ₹3.77 in March 2020 to ₹8.47 in March 2024. The company’s dividend payout percentage varied over the years, with a peak of 38% in March 2021 but falling to 15% by March 2024. This variation reflects TTL’s strategic decisions to balance reinvestment and shareholder returns. Overall, TTL’s financial performance underscores its growth trajectory, operational efficiency, and commitment to enhancing shareholder value.
FAQS
Can Triveni Turbine Limited share price reach INR 1000 by 2025?
It is unlikely for the share price of Triveni Turbine Limited to reach INR 1000 by 2025.
What is Triveni Turbine Limited share price target for 2025?
Based on our analysis, Triveni Turbine Limited is anticipated to have a trading range between ₹ 570.87 and ₹871.75 in the year 2025.
What is Triveni Turbine Limited share price target for 2030?
As per our analysis, Triveni Turbine Limited share price target for 2030 would be somewhere between ₹1,446.69 and ₹2,247.87.
What are the risks associated with investing in Triveni Turbine Limited shares?
Like any other investment, investing in Triveni Turbine Limited shares carries some risks, such as market volatility, regulatory changes, and economic downturns.
How can I invest in Triveni Turbine Limited shares?
You can invest in Triveni Turbine Limited shares through a stockbroker, either online or offline. You will need to open a Demat account and trading account to buy and sell shares. We recommend Groww and Paytm Money.
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Conclusion
In conclusion, Triveni Turbine Limited (TTL) showcases a strong financial trajectory and stable shareholding structure. Over recent years, TTL has achieved significant revenue growth, with sales rising from ₹818 crores in March 2020 to ₹1,654 crores by March 2024, and a trailing twelve-month sales figure of ₹1,741 crores. Operating profits have similarly increased, reaching ₹319 crores, with a consistent operating profit margin of around 19%. The net profit has surged from ₹122 crores to ₹269 crores, and EPS has grown substantially from ₹3.77 to ₹8.47, underscoring the company’s effective operational management and profitability.
The shareholding patterns reveal a stable and supportive investor base, with promoters maintaining a strong 55.84% stake and FIIs holding 27.51% of shares. The increase in the number of shareholders further signifies growing investor confidence. These factors collectively highlight TTL’s robust financial health and market stability, positioning it as a promising investment opportunity with potential for continued growth.
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