Triveni Engineering & Industries Limited (TRIVENI) — Financial Results(2 announcements)
Investor Takeaways
Overall Tone: Neutral
Key Financial Highlights
| Metric | Value | YoY Change |
|---|---|---|
| Revenue | 7,673.07 Cr | N/A |
| Net Profit | 167.38 Cr | N/A |
| EBITDA | N/A | N/A |
| EPS | 7.36 | N/A |
| OPM | 16% | N/A |
What Changed
The company reported FY26 net profit of ₹167.38 crores, up from ₹161.04 crores in Q4FY24, with operating margin expanding to 16% from 15.86% in the same period. Revenue stood at ₹7,673.07 crores, supported by strong performance across segments. The board recommended a dividend of 125% (₹1.25 per share), subject to shareholder approval at the AGM on September 7, 2026. Additionally, a cost auditor was appointed for the sugar business to enhance financial oversight. The company maintains a healthy current ratio of 1.49 and debt-equity ratio of 0.64, indicating prudent capital structure management. Total assets of ₹6,423.74 crores and liabilities of ₹3,103.30 crores underscore a stable balance sheet. The unmodified audit confirms compliance, though reliance on other auditors for subsidiaries requires monitoring. Quarterly trends show volatility, with Q2FY25 reporting a loss of ₹22.42 crores before recovery in subsequent quarters.
Peer Comparison
| Company | P/E | ROE | ROCE | Market Cap (₹ Cr) |
|---|---|---|---|---|
| Triveni Engineering & Industries Limited | 38.57 | N/A | N/A | 8,190.07 |
| Hindustan Unilever Limited | 36.79 | 29.38% | 27.39% | 5,33,874.13 |
| ITC Limited | 11.06 | 50.02% | 38.91% | 3,87,724.39 |
| Nestle India Limited | 84.59 | 81.33% | 93.64% | 2,75,845.36 |
Triveni’s P/E ratio of 38.57 is comparable to Hindustan Unilever’s 36.79 but significantly lower than Nestle India’s 84.59, suggesting relatively moderate valuation. However, peer companies demonstrate higher ROE and ROCE, indicating stronger returns on equity and capital. Triveni’s market capitalization is smaller than the peers, reflecting its niche positioning in the agricultural food and FMCG space. The company’s debt-equity ratio of 0.64 is higher than all peers, which report zero or negligible debt, suggesting comparatively higher financial leverage.
Risks & Concerns
Quarterly Trend
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | OPM% |
|---|---|---|---|
| Q3FY25 | 1,600.3 | 42.57 | 4.82% |
| Q2FY25 | 1,748.33 | -22.42 | 0.27% |
| Q1FY25 | 1,534.03 | 30.99 | 5.62% |
| Q4FY24 | 1,548.12 | 161.04 | 15.86% |
Triveni Engineering & Industries reported consolidated revenue of **₹6,291 crore** (net of excise duty) for Q4 and FY26, ending March 31, 2026, with PAT of **₹269 crore** and a final dividend of ₹1.25 per share. Revenue grew 11.2% YoY, driven by a 10.6% increase in net turnover from sugar and distillery segments, while PBT rose to [amount context mismatch] crore. The company finalized a Composite Scheme of Arrangement on May 19, 2026, involving the amalgamation of SIRS Ltd. and demerger of its Power Transmission Business into Triveni Power Transmission Ltd. effective April 1, 2026. Gross debt stood at ₹2,084 crore standalone. ICRA reaffirmed AA+ rating amid challenges from geopolitical issues affecting PTB deliveries and lower cane yields in West UP, though distillery performance and sugar recovery improved. Management highlighted strong operational execution despite macro pressures, with order book growth and ethanol sales volume reaching 566.45 KL (+11.1% YoY).
About Triveni Engineering & Industries Limited (TRIVENI)
Fast Moving Consumer Goods · Agricultural Food & other Products · Listed on NSE
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.