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Company details

222.50
229.60
163.20
374.00
6M Return -20.43%
1Y Return 26.48%
Mkt Cap.(Cr) 5,485.42
Volume 67,219
Div Yield 1.44%
OI
-
OI Chg %
-
Volume 67,219

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SWOT

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EMA SMA

Delivery and volume

Our Research View

Trading recommendation

Call Date

28 Oct 2021

Entry Price

188.00

Target Price

270.00

Duration

Stop Loss

-

BUY

Investment recommendation

Distillery capex to make TEL biggest ethanol supplier

Call Date

05 Aug 2022

Entry Price

236.00

Target Price

350.00

Duration

12 Month

Rapid Results

Q1FY23 Quarterly Result Announced for Triveni Engineering & Industries Ltd.

Sugar company Triveni Engineering & Industries announced Q1FY23 results:

  • Revenue from Operations (Net of excise duty) at Rs 1225.67 crore, a growth of 18.2%
  • Profit before Tax at Rs 88.68 crore
  • Profit after Tax at Rs 66.45 crore

Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said: “We are pleased to note that in the recently concluded Sugar Season (SS) 2021-22, the Company registered good performance despite general trends of low yields and recovery in the state of Uttar Pradesh. Both the engineering businesses have also performed well with robust order booking, this trend is expected to continue and result in revenue growth in FY 23 and FY 24.

We are enthused with the performance of the distillery segment. As against capacity of 320 KLPD operated in FY 2021-22, our capacity currently stands at 660 KLPD which will result in significant growth in the turnover and profitability of the distillery segment. We have decided to further expand the capacity by 450 KLPD so that it becomes a sizeable business and provides significant revenue streams. We have full confidence in the commitment of the Government of India (GoI) to the Ethanol Blended Petrol (EBP) programme and are augmenting capacities on dual feedstock basis to provide us flexibility to select the feedstock based on commercial economics.

With expected production of 36.2 million tonnes of sugar and exports of 11 million tonnes in the Sugar Season (SS) 2021-22, closing inventories are expected at 6.09 million tonnes. Based on the current sowing, pattern of rainfall and crop condition, production of 35.5 million tonnes of sugar is estimated in the ensuing sugar season i.e. SS 2022-23. To maintain the balance, exports of around 8 million tonnes will be required and hence, it is imperative that clarity is provided on exports for the next season at the earliest to capitalize on the international price opportunities and INR depreciation.

With respect to the Company’s sugar business, the previously announced debottlenecking and modernization plans at three of our sugar units are progressing well and we expect this activity to be 4 completed by October 2022 as communicated earlier. For the upcoming sugar season, with increase in cane area by 3% this year, better crop health, more focused crop surveillance plan and a good forecast of monsoon, we expect increase in yield and production and hence cane availability and consequently higher crush for the Company.

On the engineering side, we believe both our Power Transmission and Water businesses are well placed for the long-term. In Power Transmission business, we believe the growth in domestic economy along with Atmanirbhar Bharat Abhiyan (Self-reliant India campaign) will drive capex across end user industries. This coupled with the Company’s strategy and plan to increase its global footprint will lead to growth at an accelerated pace in the coming years. In the Water business, the growing water scarcity is catalysing new opportunities in the areas of recycle, reuse and Zero Liquid discharge. We believe that the disruption caused by the pandemic has largely been over and normalcy in business environment is returning which will lead to floating of tenders for new projects as well as finalization of earlier tenders. With its leadership position and robust financials, Triveni is equipped to capitalize on these increased opportunities."

Result PDF

Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

  • Ratio

Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after tax

PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,912.86 Cr FV: 1.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 2,384.58 23,141.09
LAST 3M 49,521.50 -18,551.54
LAST 6M 129,719.68 -157,153.27
LAST 12M 215,295.98 -222,611.80

Information

  • About Company
  • Company Info
  • Listing Info
13.58
68.43%
79.1236
20.48%
24.45%
Description
  • Triveni Engineering & Industries Ltd is a focused, growing corporation having core competencies in the areas of sugar and engineering. The company is among the three largest sugar manufacturers in India, and the market leader in its engineering business comprising steam turbines, high speed gears, gearboxes and water treatment solutions. The company has four subsidiaries namely, Triveni Retail Ventures Ltd, Upper Bari Generation Ltd, Triveni Engineering Ltd and Triveni Energy Ltd. The company has three business Sugar and Allied Businesses, Engineering Businesses, and other. Sugar and Allied Businesses includes Sugar, Co-generation and Distillery operations. Engineering Businesses includes the manufacture of steam turbines, high speed gears and water/wastewater treatment. The other operations mainly include the operations of retail stores at various rural and semi-urban locations pursued by Triveni Retail Ventures Ltd, a wholly owned subsidiary, and trading of various package fast moving consumer goods, including sugar. The company has seven sugar mills in operation at Khataull, Deoband, Sabitagarh, Chandanpur, Raninagal, Milak Naraipur and Ramkola in Uttar Pradesh. They are having turbine manufacturing and gear manufacturing facilities at Bangalore and Mysore and water & waster water treatment business is located at Noida. The company is also having a two co-generations power plants located at their major facilities, namely Khatauli (46 MW) & Deoband (22 MW) and a 160,000 litre per day capacity distillery at Muzaffarnagar. Triveni Engineering & Industries Ltd, a part of Triveni group was incorporated on July 27, 1932 as The Ganga Sugar Corporation Ltd. The company obtained a certificate of commencement of business on February 6, 1933. As per the scheme of arrangement, the whole undertakings of Ramkola Sugar Mills were transferred to the company with effect from October 31, 1969. By virtue of this amalgamation, the company acquired a sugar at Ramkola in eastern Uttar Pradesh. In April 3, 1973, the name of The Ganga Sugar Corporation Ltd was changed to Gangeshwar Ltd. In March 2000, the Erstwhile Triveni Engineering & Industries Ltd merged with the company. The Erstwhile Triveni Engineering & Industries Litd was carrying on the business of manufacture of sugar at their factory at Khatauli, manufacture of steam turbines at Bangalore, and manufacture of high speed reduction gears at Mysore. Further, they had a sugar plant machinery, hydro turbine business and waste water treatment business at New Delhi. The name of the company was changed from Gangeshwar Ltd to Triveni Engineering & Industries Ltd on March 31, 2000. In December 2004, the company`s co-generation plant at Deoband was commissioned. In October 19, 2005, the co-generation plant at Khatauli was synchronized with the grid and began external sales of electricity. Upper Bari Power Generation Ltd became the subsidiary of the company with effect from 29th April 2005. In October 25, 2005, Triveni SRI Ltd started the business of rural retailing (Kushali Bazaar) and took over this business from our company with the objective to provide focused growth. During the year 2005-06, the company expanded their sugar division from 25250 TCD to 40500 TCD. They commissioned the 7000 TCD greenfield sugar unit in Sabitgarh in January 2006. During the year, the turbine unit at Bangalore doubled its capacity to address the increased domestic demand. The expansion was completed in a record nine months by 31 December 2005 for an additional investment of only Rs 180 million. The water business division commissioned a water treatment plant for boiler feed water using the double-pass reverse osmosis system corresponding to the CEDI technology used in the company`s Khatauli sugar factory. Also, Triveni Khushali Bazaar added 10 new stores during the year. During the year 2006-07, the company undertook the capacity expansion in sugar operations with the setting up of three new units with an aggregate capacity of 17500 TCD and also a brownfield expansion at Ramkola where the crushing capacity was enhanced from 3500 to 6500 TCD. In December 2006, the phase II co-generation plant was commissioned at Khatauli plant. In June 27, 2006, the company incorporated Triveni Engineering Ltd as a wholly owned subsidiary company. In April 2007, the company started their operations in one of the largest single stream molasses based 160 KLPD distillery unit. During the year 2007-08, the company successfully commissioned the 27 MW steam turbine. Also, they installed state of the art machines at our engineering facilities at Bangalore and Mysore. The company divested their stake in Abohar Power Generation Ltd which ceased to be a subsidiary during the year. In February 2008, the company incorporated Triveni Energy Systems Ltd as a wholly owned subsidiary company.

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Registered Address

Deoband, , Saharanpur, Uttar Pradesh, 247554

Tel : 91-01336-222185/222497
Email : shares:trivenigroup.com
Website : http://www.trivenigroup.com

Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532356
NSE Code : TRIVENI
Book Closure Date (Month) :
BSE Group : A
ISIN : INE256C01024

ICICIdirect Triveni Engineering and Industries Ltd FAQ

You can buy Triveni Engineering and Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Triveni Engineering and Industries Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Aug 08, 2022 04:01 PM the closing price of Triveni Engineering and Industries Ltd was ₹ 226.90.
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 Aug 08, 2022 04:01 PM, the market cap of Triveni Engineering and Industries Ltd stood at ₹ 5,485.42.
The latest PE ratio of Triveni Engineering and Industries Ltd as of Aug 08, 2022 04:01 PM is 13.58
The latest PB ratio of Triveni Engineering and Industries Ltd as of Aug 08, 2022 04:01 PM is 0.35
The 52-week high of Triveni Engineering and Industries Ltd is ₹ 374.00 while the 52-week low is ₹ 163.20 .
According to analyst recommendations, Triveni Engineering and Industries Ltd has a “Buy” rating for the long term.

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