Triveni Turbine Limited (TTL) is a distinguished manufacturer of industrial steam turbines, founded in 1968 and headquartered in Bengaluru, India. With over 6,000 installations in more than 80 countries, TTL has established a significant global presence. The company specializes in designing, manufacturing, and servicing steam turbines up to 100 Megawatt Electric (MWe), catering to various industries such as sugar, steel, cement, paper, textiles, and renewable energy sectors. Their product range includes high-quality industrial steam turbines and innovative renewable energy solutions like turbines for biomass and waste-to-energy projects.
TTL is renowned for its commitment to technological advancement and energy efficiency, investing heavily in research and development to create environmentally friendly and customized solutions. With state-of-the-art manufacturing facilities and precision engineering capabilities, TTL delivers high-performance turbines tailored to specific customer needs. The company also offers comprehensive aftermarket services, including maintenance, repair, and overhaul, ensuring optimal performance and longevity of their turbines. Led by Chairman and Managing Director Mr. Dhruv M. Sawhney and Vice Chairman and Managing Director Mr. Nikhil Sawhney, TTL’s experienced leadership drives innovation and excellence, supported by an extensive global network that ensures timely support and services to clients worldwide.
History of Triveni Turbine Limited
Triveni Turbine Limited (TTL), founded in 1968 as part of the Triveni Group, began its journey with the vision of becoming a leading manufacturer of industrial steam turbines. In its formative years during the 1970s and 1980s, TTL focused on building its manufacturing capabilities and expanding its product range, earning a reputation for quality and reliability. The 1990s marked a period of technological advancement as TTL invested heavily in research and development, resulting in the introduction of more efficient steam turbines and expanded market presence both domestically and internationally.
The early 2000s saw TTL’s global expansion, establishing a strong presence in over 80 countries with more than 6,000 installations worldwide. Under the leadership of Mr. Dhruv M. Sawhney and Mr. Nikhil Sawhney in the 2010s, TTL introduced new turbine models and enhanced its aftermarket services. Recently, TTL has focused on sustainability and renewable energy, developing turbines for biomass and waste-to-energy projects. The company’s ongoing commitment to innovation, customer satisfaction, and sustainability continues to drive its success and future growth.
| 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 |
For Triveni Turbine Limited, the shareholding structure from June 2023 to June 2024 reveals that promoters consistently hold a majority stake of 55.84%. Foreign Institutional Investors (FIIs) have a slightly fluctuating presence, increasing from 26.79% in June 2023 to 27.51% by June 2024. Domestic Institutional Investors (DIIs) experienced a small decrease in their share, from 12.56% to 12.33% over the same period. Public ownership shows a slight decline from 4.82% to 4.32%. The total number of shareholders has risen markedly, growing from 82,728 in June 2023 to 107,624 in June 2024, reflecting a growing interest in the company.
Below are the trading platforms that you can use to purchase Triveni Turbine Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| August 2024 | 686.55 | 597.00 |
| September 2024 | 714.02 | 620.88 |
| October 2024 | 700.02 | 608.71 |
| November 2024 | 728.02 | 633.06 |
| December 2024 | 735.30 | 639.39 |
In August 2024, Triveni Turbine Ltd is expected to reach a maximum price of ₹686.55 and a minimum price of ₹597.00. By December 2024, the stock is projected to attain a maximum price of ₹735.30 and a minimum price of ₹639.39.
| When | Maximum Price | Minimum Price |
| January 2025 | 742.65 | 571.27 |
| February 2025 | 750.15 | 577.04 |
| March 2025 | 765.90 | 589.16 |
| April 2025 | 758.32 | 583.32 |
| May 2025 | 736.23 | 566.33 |
| June 2025 | 769.36 | 591.82 |
| July 2025 | 754.28 | 580.21 |
| August 2025 | 777.61 | 598.16 |
| September 2025 | 786.94 | 605.34 |
| October 2025 | 807.40 | 621.08 |
| November 2025 | 827.58 | 636.60 |
| December 2025 | 864.83 | 665.25 |
In January 2025, Triveni Turbine Ltd is anticipated to reach a maximum price of ₹742.65 and a minimum price of ₹571.27. By December 2025, the stock is projected to attain a maximum price of ₹864.83 and a minimum price of ₹665.25.
| When | Maximum Price | Minimum Price |
| January 2026 | 890.77 | 685.21 |
| February 2026 | 868.50 | 668.08 |
| March 2026 | 885.87 | 681.44 |
| April 2026 | 903.95 | 695.35 |
| May 2026 | 895.00 | 688.46 |
| June 2026 | 917.37 | 705.67 |
| July 2026 | 899.39 | 691.84 |
| August 2026 | 927.20 | 713.23 |
| September 2026 | 945.75 | 727.50 |
| October 2026 | 970.34 | 746.41 |
| November 2026 | 994.59 | 765.07 |
| December 2026 | 1,019.46 | 784.20 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,029.65 | 792.04 |
| February 2027 | 1,056.06 | 812.35 |
| March 2027 | 1,097.24 | 844.03 |
| April 2027 | 1,075.73 | 827.48 |
| May 2027 | 1,044.40 | 803.38 |
| June 2027 | 1,091.39 | 839.53 |
| July 2027 | 1,069.99 | 823.07 |
| August 2027 | 1,103.09 | 848.53 |
| September 2027 | 1,141.69 | 878.23 |
| October 2027 | 1,171.38 | 901.06 |
| November 2027 | 1,200.66 | 923.59 |
| December 2027 | 1,230.68 | 946.68 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,255.29 | 965.61 |
| February 2028 | 1,287.48 | 990.37 |
| March 2028 | 1,337.69 | 1,028.99 |
| April 2028 | 1,311.46 | 1,008.82 |
| May 2028 | 1,273.26 | 979.43 |
| June 2028 | 1,330.56 | 1,023.51 |
| July 2028 | 1,304.47 | 1,003.44 |
| August 2028 | 1,344.82 | 1,034.47 |
| September 2028 | 1,391.88 | 1,070.68 |
| October 2028 | 1,428.07 | 1,098.52 |
| November 2028 | 1,463.78 | 1,125.98 |
| December 2028 | 1,500.37 | 1,154.13 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,530.38 | 1,177.21 |
| February 2029 | 1,569.62 | 1,207.40 |
| March 2029 | 1,630.83 | 1,254.49 |
| April 2029 | 1,598.86 | 1,229.89 |
| May 2029 | 1,552.29 | 1,194.07 |
| June 2029 | 1,622.14 | 1,247.80 |
| July 2029 | 1,590.33 | 1,223.33 |
| August 2029 | 1,639.52 | 1,261.17 |
| September 2029 | 1,696.90 | 1,305.31 |
| October 2029 | 1,741.02 | 1,339.25 |
| November 2029 | 1,784.55 | 1,372.73 |
| December 2029 | 1,829.16 | 1,407.05 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,865.74 | 1,435.19 |
| February 2030 | 1,913.58 | 1,471.99 |
| March 2030 | 1,988.21 | 1,529.39 |
| April 2030 | 1,949.23 | 1,499.41 |
| May 2030 | 1,892.46 | 1,455.73 |
| June 2030 | 1,977.62 | 1,521.24 |
| July 2030 | 1,938.84 | 1,491.41 |
| August 2030 | 1,998.80 | 1,537.54 |
| September 2030 | 2,068.76 | 1,591.35 |
| October 2030 | 2,122.55 | 1,632.73 |
| November 2030 | 2,175.61 | 1,673.55 |
| December 2030 | 2,230.00 | 1,715.39 |
In January 2030, Triveni Turbine Ltd is projected to reach a maximum price of ₹1,865.74 and a minimum price of ₹1,435.19. By December 2030, the stock is expected to attain a maximum price of ₹2,230.00 and a minimum price of ₹1,715.39.
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 experienced notable financial growth from March 2020 to March 2024. Sales increased from ₹818 crores in March 2020 to ₹1,654 crores by March 2024, with a trailing twelve months (TTM) figure of ₹1,741 crores. Alongside this growth, TTL’s expenses rose from ₹660 crores to ₹1,335 crores over the same period. Despite rising costs, TTL has managed to maintain a stable operating profit margin of around 19%, with operating profit climbing from ₹158 crores to ₹319 crores. Other income fluctuated but contributed ₹62 crores in March 2024 and ₹69 crores TTM.
TTL’s net profit grew significantly, from ₹122 crores in March 2020 to ₹269 crores in March 2024, with a TTM figure of ₹289 crores. Earnings per share (EPS) increased substantially, reaching ₹8.47 by March 2024. The company’s dividend payout ratio varied, peaking at 38% in March 2021 but settling at 15% by March 2024. Interest expenses have remained steady at ₹5 crores annually, while depreciation costs increased slightly. Overall, TTL’s financial performance highlights its strong growth, operational efficiency, and strategic balance between reinvestment and shareholder returns.
FAQS
Based on our analysis, Triveni Turbine Limited is anticipated to have a trading range between ₹566.33 and ₹864.83 in the year 2025.
As per our analysis, Triveni Turbine Limited share price target for 2030 would be somewhere between ₹1,435.19 and ₹2,230.00.
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) demonstrates strong financial performance and a stable shareholding structure. Sales have grown from ₹818 crores in March 2020 to ₹1,654 crores by March 2024, with a trailing twelve-month figure of ₹1,741 crores. Operating profit has risen to ₹319 crores, and net profit has increased from ₹122 crores to ₹269 crores, reflecting effective management. The shareholding is solid, with promoters holding 55.84% and FIIs at 27.51%, while the growing number of shareholders indicates rising investor confidence. TTL is well-positioned for continued growth and stability.
What did we learn?
- 1 History of Triveni Turbine Limited
- 2 Shareholding Patterns of Triveni Turbine Limited
- 3 How to Purchase Triveni Turbine Ltd Shares in India?
- 4 Triveni Turbine Ltd Share Price Target 2024, 2025 to 2030
- 4.1 Triveni Turbine Ltd Share Price Target 2024
- 4.2 Triveni Turbine Ltd Share Price Target 2025
- 4.3 Triveni Turbine Ltd Share Price Target 2026
- 4.4 Triveni Turbine Ltd Share Price Target 2027
- 4.5 Triveni Turbine Ltd Share Price Prediction 2028
- 4.6 Triveni Turbine Ltd Share Price Target 2029
- 4.7 Triveni Turbine Ltd Share Price Prediction 2030
- 5 Financial Condition of Triveni Turbine Ltd
- 6 FAQS
- 7 Conclusion
