Triveni Turbine Limited (TRITURBINE.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-20.9%

₹384.57

vs ₹486.25 price

Levered DCF

₹364.04

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	39.99×	47.56×	67.49×	55.8×	24.18×	32.11×	15.52×	36.67×
P/B	9.67×	13.97×	18.93×	14.13×	7.63×	5.16×	3.57×	8.49×
P/S	6.41×	8.47×	11.05×	8.68×	7.77×	4.73×	2.35×	4.47×
EV / EBITDA	26.95×	32.25×	47.31×	38.57×	16.59×	21.74×	10.62×	21.16×
Gross margin	35.4%	50.1%	27.6%	26.3%	26.8%	31.2%	27.6%	24.8%
Operating margin	19.1%	20.5%	17.9%	16.8%	16.2%	18.0%	15.9%	14.6%
Net margin	16.0%	17.8%	16.4%	15.6%	32.1%	14.7%	15.1%	12.2%
Current ratio	1.98×	2.22×	1.99×	1.86×	2.29×	2.25×	1.96×	1.61×
Debt / equity	0.02×	0.03×	0×	0×	0×	0.01×	0.01×	0×
Interest coverage	160.08×	72.23×	56.89×	82.32×	47.65×	44.44×	23.98×	38.62×
Dividend yield	1.0%	0.6%	0.4%	0.5%	1.1%	0.0%	1.0%	0.5%
Payout ratio	38.6%	29.4%	27.2%	26.0%	26.3%	0.0%	14.9%	18.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	24.2%	29.4%	28.0%	25.3%	31.5%	16.1%	23.0%	23.1%
Return on invested capital	20.5%	23.5%	22.1%	19.8%	11.4%	14.6%	17.6%	17.4%
Return on assets	14.0%	17.7%	16.1%	14.2%	20.0%	10.7%	14.6%	13.4%
Free cash flow yield	0.6%	0.8%	1.3%	1.5%	6.4%	5.3%	9.3%	3.6%
Earnings yield	2.5%	2.1%	1.5%	1.8%	4.1%	3.1%	6.4%	2.7%
Enterprise value	₹137.4B	₹167B	₹181.4B	₹107.2B	₹65.1B	₹32.6B	₹18.3B	₹36.5B
Net debt / EBITDA	-0.47×	-0.56×	-0.07×	-0.09×	-0.08×	-0.22×	-0.36×	-0.16×
Cash conversion cycle (days)	26	26	70	88	97	124	145	149