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This Article is From Feb 08, 2024

Triveni Turbine Q3 Results Review - Stellar Performance; Strong Outlook Intact: Prabhudas Lilladher

Triveni Turbine Q3 Results Review - Stellar Performance; Strong Outlook Intact: Prabhudas Lilladher
Employees working on a trubine at Triveni Turbine facility (Source: Company website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

We believe Triveni Turbine Ltd.'s prospects continue to remain strong due to

  1. healthy enquiry pipeline (up 14% YoY in 9M FY24) across markets,

  2. growing share of higher margin exports and aftermarket sales,

  3. strong traction in both industrial and active pharmaceutical ingredients drive turbines, and

  4. robust order book with strong inflows across businesses.

The stock is trading at a earning price of 36.0 times/28.0 times FY25/26E earning per share.

We roll forward to December 2025 and value the stock at a earning price of 35 times FY26E (35 times September FY25E earlier). Up`grade to ‘Buy'.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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