Mehabe score: 4 G Factor: 2 Piotski Score: 6 The stock has a rating OBSERVE & HOLD. The mehabe team score is reflective of its fundamental and technical merits. A rating above 8 is considered good buy. The stock has a G-Factor of 2 and Piotski score of 6.
Description
Triveni Turbine is primarily engaged in business of manufacture and supply of power generating equipment and solutions and has manufacturing facilities at Bengaluru, Karnataka.Site:TRITURBINEMain Symbol:TRITURBINE
Stock trades at 170.0, above its 50dma 133.75. It also trades above its 200dma 112.85. The stock remains bullish on techicals
The 52 week high is at 178.55 and the 52week low is at 66.00
Price Chart
P/E Chart
Sales and Margin
Strengths
– is almost debt free.
– has been maintaining a healthy dividend payout of 17.05%
-Debtor days have improved from 57.34 to 40.07 days.
Weakness
– Stock is trading at 8.61 times its book value
-The company has delivered a poor sales growth of -0.29% over past five years.
Competition
– The industry trades at a mean P/E of 26.2x. A B B trades at the industry’s max P/E of 132.69x. TRITURBINE trades at a P/E of 47.5x
– Industry’s mean G-Factor is 3.1 while the mean Piotski score is 7.0. TRITURBINE has a G-Factor of 2 and Piotski scoreof 6.
– Average 1 month return for industry is 9.1%. The max 1- month return was given by CG Power & Indu.: a return of 35.25 %
Quarterly Results
Sales for period ended Sep 2021 is Rs 206.0 cr compared to Rs 185.0 cr for period ended Sep 2020, a rise of 11.4%
Operating Profits reported at Rs 35.0 cr for period ended Sep 2021 vis-vis 50.0 for period ended Sep 2020 .
Operating Margins contracted -1003.7 bps for period ended Sep 2021 vis-vis Sep 2020 .
The EPS for Sep 2021 was Rs 5.37 compared to Rs 0.86 for previous quarter ended Jun 2021 and Rs 0.75 for Sep 2020
Profit & Loss Statement
Profit&Loss Comments
Company reported sales of Rs 743.0 cr for period ended TTM vis-vis sales of Rs 703.0 cr for the period ended Mar 2021, a growth of 5.4%. The 3 year sales cagr stood at -4.0%.
Operating margins shrank to 18.0% for period ended TTM vis-vis 21.0% for period ended Mar 2021, contraction of 300.0 bps.
Net Profit reported at Rs 252.0 cr for period ended TTM vis-vis sales of Rs 102.0 cr for the period ended Mar 2021, rising 59.5%.
Company recorded a healthy Net Profit CAGR of 36.1% over the last 3 years
Balance Sheet Statement
Cash Flow Statement
Cash Flow comments
CashFlow from operating activities was positive.
Sales Growth
Profit Growth Statement
Profit Growth Statement
Stock Price CAGR
Return of Equity
General Comments
– The stock has given a return of 145% on a 1 Year basis vis-vis a return of 20% over the last 3 Years. – The compounded sales growth on a TTM bassis is -6% vis-vis a compounded sales growth of -2% over the last 3 Years. – The compounded profit growth on a TTM basis is -2% vis-vis a compounded profit growth of 5% over the last 3 Years.
Ratios
Shareholding Pattern
– FII shareholding has remained largely constant. The Sep 2021 fii holding stood at 14.5% vis-vis 14.39% for Jun 2021 – Public shareholding has remained largely constant. The Sep 2021 public holding stood at 4.39% vis-vis 4.66% for Jun 2021
Conclusion
– is almost debt free.
– has been maintaining a healthy dividend payout of 17.05%
-Debtor days have improved from 57.34 to 40.07 days. – Stock is trading at 8.61 times its book value
-The company has delivered a poor sales growth of -0.29% over past five years.
Fundamentally, the stock remains weak on business fundamentals. Weak near term results have dampened and questioned business drivers. We suggest to wait for a upturn in business performance.
Technically, the stock trades above its 50 DMA 133.75 and is trading at 170.0 It has shown near term bullish momentum contrary to business fundamentals. We suggest to observe price action. However as investors, who like to avoid timing the markets, we suggest to avoid the stock
