Triveni Turbine logo

Triveni Turbine share price

NSE: TRITURBINEBSE: 533655Electrical EquipmentSmall Cap

Last close ₹445.05down ₹8.00 (1.77%)BSE ₹444.75

Share price at the NSE close on 23 Oct 2026. Previous close ₹453.05.

52-week range of traded prices to 23 Oct 2026
₹428.35Low, 23 Mar 2026₹787.60High, 29 May 2026
Market cap
₹14,148 Cr379th largest listed
P/E
42.1
P/B
9.8
Dividend yield
0.95%
ROE
25.3%
ROCE
27.1%
Debt to equity
0.00
Volume, NSE
6,20,65153.6% delivered

Share price

Daily closes since Oct 2011, adjusted for splits and bonuses

−15.8%over a year

Results20-session average 4,88,682 shares a day, 53.3% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 10 Aug

Revenue
₹443 Crdown 34.86%
Net profit
₹51 Crdown 49.85%
Net margin
11.5%

Revenue by year

Net profit by year, a loss in red

The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

₹ croreSep 2024Filed 11 NovDec 2024Filed 31 JanMar 2025Filed 10 JunJun 2025Filed 4 AugSep 2025Filed 10 NovDec 2025Filed 3 FebMar 2026Filed 18 MayJun 2026Filed 10 Aug
Revenue501503538371506624680443
Net profit91939564919210251
Net margin18.2%18.4%17.6%17.3%18.1%14.7%15.0%11.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, Manufacture of Steam Turbines & Part thereof, which carries all its revenue.

Valuation

Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.PE ratio and valuation history

Price to earnings

At or below today's level on 47% of 2,480 trading days over the last 10 years.

LowestHighest
Its median43.9Industry median31.1
Price to book

At or below today's level on 50% of 1,973 trading days since Nov 2018.

LowestHighest
Its median9.7Industry median5.4
EV to EBITDA32.4

At or below today's level on 39% of 1,973 trading days since Nov 2018.

LowestHighest
Its median39.4Industry median23.6
Dividend yield

At or below today's level on 81% of 2,435 trading days over the last 10 years.

LowestHighest
Its median0.57%Industry median0.36%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−21.0%−2.5%−20.0%1.0%
3 years+10.5%+22.6%−10.5%0.8%
5 years+34.7%+28.3%+4.5%0.7%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters55.84%
  • Foreign institutions18.39%
  • Indian institutions17.85%
  • Individuals and others7.93%
Holder
Subhadra Trade and Finance LimitedPromoter27.28%
Rati SawhneyPromoter10.34%
Dhruv Manmohan SawhneyPromoter8.22%
Tarun SawhneyPromoter4.31%
Nikhil SawhneyPromoter3.93%
NALANDA INDIA EQUITY FUND LIMITEDForeign portfolio investors, category I3.87%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

105 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 56 of the 65 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Bought for the first time
2
Bought again
1
Added
27
Cut
38
Held unchanged
37
Sold out
1
Fund
Nippon India Mutual Fund logoNippon India Multi Cap FundNippon India Mutual Fund38,02,6340.38%₹205.1 Cr
Nippon India Mutual Fund logoNippon India Power & Infra FundNippon India Mutual Fund31,03,2882.13%₹167.4 Cr
SBI Mutual Fund logoSBI Midcap FundSBI Mutual Fund28,88,7700.67%₹155.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Energy Opportunities FundICICI Prudential Mutual Fund27,90,0171.87%₹150.5 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Cap FundICICI Prudential Mutual Fund27,03,6290.78%₹145.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Small Cap FundICICI Prudential Mutual Fund24,87,4561.37%₹134.2 Cr
HSBC Mutual Fund logoHSBC Midcap FundHSBC Mutual Fund21,83,5630.70%₹117.8 Cr
Canara Robeco Mutual Fund logoCanara Robeco Small Cap FundCanara Robeco Mutual Fund21,28,8310.82%₹114.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Business Cycle FundICICI Prudential Mutual Fund20,64,5030.75%₹111.4 Cr
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund18,42,6060.12%₹99.4 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Heavy Electrical Equipment, 48 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Triveni Turbine in market cap.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Thermax logoThermaxTHERMAX36,89162.26.643.7+4.7%−11.6%11.3%8.3%0.65%
Schneider Electric Infrastructure logoSchneider Electric InfrastructureSCHNEIDER26,639145.034.479.7+9.6%−29.5%27.5%24.7%0.00%
TD Power Systems logoTD Power SystemsTDPOWERSYS20,55874.819.253.3+54.3%+45.3%28.5%32.8%0.16%
Azad Engineering logoAzad EngineeringAZAD16,008115.210.567.7+28.7%+39.5%9.5%9.0%0.00%
Atlanta Electricals logoAtlanta ElectricalsATLANTAELE12,45357.313.433.3––23.4%34.7%0.00%
Karamtara Engineering logoKaramtara EngineeringKARAMTARA11,270–––––––0.00%
Inox Wind logoInox WindINOXWIND10,18529.61.612.9+17.1%–6.0%7.0%0.00%
Quality Power Electrical Equipments logoQuality Power Electrical EquipmentsQPOWER10,11075.818.753.1––27.6%21.3%0.10%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹4.25 a share, year to Mar 2026.
Ex-dateTypePer share
2 Sep 2026Final₹2.00
9 Feb 2026Interim₹2.25
1 Sep 2025Final₹2.00
6 Feb 2025Interim₹2.00
6 Sep 2024Final₹1.30
16 Feb 2024Interim₹1.30
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Triveni Turbine share price by year

Each calendar year to 2025.Triveni Turbine share price history

YearClose at year endChangeHighest closeLowest close
2025538.25−27.4%778.05477.35
2024741.35+74.8%834.85354.00
2023424.15+63.0%445.30244.60
2022260.25+37.4%304.25151.25
2021189.45+133.3%221.4080.95
202081.20−13.7%100.0549.10
201994.05−14.9%122.1083.75
2018110.50−17.3%134.5596.10
2017133.55+12.4%157.10113.20
2016118.85+5.3%129.6590.10
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026450.05452.70432.85445.05438.736,20,65153.6%
22 Oct 2026456.90459.85445.10453.05453.1417,60,52669.0%
21 Oct 2026485.00489.90456.70459.90464.335,46,24850.9%
19 Oct 2026494.65495.90483.00484.70487.033,16,63151.3%
16 Oct 2026508.60510.00494.15495.90499.115,67,57049.6%
15 Oct 2026522.75527.00503.15506.10510.063,90,91549.4%
14 Oct 2026524.85526.35515.00521.95520.533,39,30955.3%
13 Oct 2026520.00526.30511.30523.10517.193,01,49543.1%
12 Oct 2026513.00526.95513.00520.15522.403,26,72537.5%
9 Oct 2026518.00523.00503.85511.10508.419,80,15871.2%
Prices in ₹ per share as traded, not adjusted.

About Triveni Turbine

Triveni Turbine Limited designs, manufactures and services steam turbines for industry. It has end-to-end original equipment manufacturer capabilities for steam turbines up to 100 MW, and offers manufacturing, retrofit and lifecycle solutions for steam turbines up to 1,000 MW. Its customers are spread across more than 20 industries.

The business is organised as product solutions and aftermarket. Product solutions include condensing and backpressure steam turbines, used in sugar and distillery, food processing and pulp and paper, and in renewable power generation from biomass, waste-to-energy, waste heat recovery and geothermal sources. The aftermarket side supports turbines and other rotating equipment of any make and any age.

The company has its registered and corporate office in Noida, Uttar Pradesh. It has four manufacturing facilities: two in Bengaluru, one in Pretoria, South Africa, and one in Houston, Texas, USA. It operates in over 80 countries, with over 6,000 installations worldwide. Subsidiaries are based in the United Kingdom, Dubai, South Africa, the United States and India, and its corporate and representative offices cover Europe and the Middle East.

Triveni Turbine was incorporated in 1995, and it describes itself as rooted in more than 50 years of designing, manufacturing and supplying industrial steam turbines. On 30 October 2025 it acquired the remaining 30% stake in TSE Engineering (Pty) Ltd, a South African company, which is now wholly owned within the group. Dhruv M. Sawhney is its Chairman and Managing Director.

Legal name
Triveni Turbine Limited
NSE symbol
TRITURBINE
BSE code
533655
ISIN
INE152M01016
Industry
Electrical Equipment
Listed
Oct 2011
Face value
₹1
CIN
L29110UP1995PLC041834
Corporate identity number, the registrar of companies' code for it