TRIVENI

Triveni Engineering & Industries Limited

Sugar milling, industrial alcohol distillation and water treatment business

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Agricultural Food & other Products›Sugar

trivenigroup.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹250.35
Market cap
5,518 Cr
Stock P/E
19.6
P/B
1.64
Dividend yield
1.6%
ROE (FY26)
8.0%
ROCE (FY26)
8.5%
Operating margin (FY26)
5.3%
Debt / equity (FY26)
0.64
OCF / EBITDA (FY26)
34.3%
OCF / EBITDA (3Y)
11.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Triveni Engineering & Industries is an Indian sugar and ethanol producer that also sells country liquor and runs a water projects and operations-and-maintenance business.

Company snapshot

2ndBy market cap

Ranked among 27 companies in Sugar.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 58.1% of revenue

SegmentRevenue shareRevenuePBTAssets
DISTILLERY
40.8%
653 Cr3 Cr1,319 Cr
OTHERS
3.3%
52 Cr-0.16 Cr11 Cr
POWER TRANSMISSION
4.6%
73 Cr24 Cr309 Cr
SUGAR
58.1%
930 Cr42 Cr2,320 Cr
WATER
3.1%
49 Cr10 Cr576 Cr

Shares add up to 110% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Dividend payout of 33% — the company returns a meaningful share of profits to shareholders.
Concerns
  • ✗Only 11% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,617 Cr1,554 Cr1,548 Cr1,534 Cr1,748 Cr1,600 Cr1,925 Cr1,954 Cr2,014 Cr1,818 Cr1,834 Cr1,950 Cr
Operating expenses (approx.)1,554 Cr1,361 Cr1,303 Cr1,448 Cr1,744 Cr1,523 Cr1,617 Cr1,901 Cr1,948 Cr1,667 Cr1,556 Cr1,897 Cr
EBITDA63 Cr193 Cr246 Cr86 Cr5 Cr77 Cr308 Cr54 Cr66 Cr151 Cr277 Cr53 Cr
OPM %3.9%12.4%15.9%5.6%0.3%4.8%16.0%2.7%3.3%8.3%15.1%2.7%
Other income12 Cr22 Cr16 Cr11 Cr14 Cr24 Cr9 Cr23 Cr21 Cr24 Cr9 Cr10 Cr
Interest10 Cr6 Cr18 Cr26 Cr16 Cr11 Cr30 Cr38 Cr22 Cr13 Cr28 Cr32 Cr
Depreciation26 Cr26 Cr27 Cr29 Cr32 Cr33 Cr32 Cr35 Cr36 Cr36 Cr36 Cr31 Cr
Profit before tax39 Cr182 Cr217 Cr42 Cr-30 Cr58 Cr255 Cr3 Cr29 Cr103 Cr229 Cr5 Cr
Tax %25.7%24.5%25.7%25.8%25.9%26.0%26.7%26.6%26.5%24.4%27.0%22.0%
Net profit29 Cr137 Cr161 Cr31 Cr-22 Cr43 Cr187 Cr2 Cr21 Cr78 Cr167 Cr4 Cr
EPS (₹)₹1.33₹6.28₹7.36₹1.42₹-1.02₹1.94₹8.55₹0.20₹1.18₹3.84₹7.60₹0.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,967 Cr3,412 Cr3,152 Cr4,437 Cr4,703 Cr4,694 Cr6,310 Cr6,151 Cr6,808 Cr7,621 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,445 Cr3,136 Cr2,843 Cr3,893 Cr4,145 Cr4,060 Cr5,694 Cr5,525 Cr6,332 Cr7,073 CrSign in free for the trailing twelve months
EBITDA522 Cr276 Cr309 Cr543 Cr558 Cr634 Cr616 Cr626 Cr476 Cr548 CrSign in free for the trailing twelve months
OPM %17.6%8.1%9.8%12.2%11.9%13.5%9.8%10.2%7.0%7.2%Sign in free for the trailing twelve months
Other income27 Cr15 Cr64 Cr36 Cr30 Cr22 Cr80 Cr62 Cr58 Cr76 CrSign in free for the trailing twelve months
Interest127 Cr85 Cr68 Cr79 Cr52 Cr55 Cr57 Cr56 Cr83 Cr100 CrSign in free for the trailing twelve months
Depreciation57 Cr55 Cr57 Cr75 Cr79 Cr81 Cr93 Cr104 Cr126 Cr144 CrSign in free for the trailing twelve months
Profit before tax302 Cr169 Cr268 Cr446 Cr460 Cr574 Cr1,964 Cr529 Cr324 Cr364 CrSign in free for the trailing twelve months
Tax %16.3%29.4%19.2%24.8%35.9%26.1%8.8%25.3%26.5%26.2%Sign in free for the trailing twelve months
Net profit253 Cr119 Cr216 Cr335 Cr295 Cr424 Cr1,792 Cr395 Cr238 Cr269 CrSign in free for the trailing twelve months
EPS (₹)₹9.81₹4.62₹8.39₹13.32₹12.01₹17.54₹74.58₹18.05₹10.88₹12.19Sign in free for the trailing twelve months
Dividend payout %————0.0%17.1%2.7%42.9%2.9%32.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital26 Cr26 Cr26 Cr25 Cr24 Cr24 Cr22 Cr22 Cr22 Cr22 Cr
Reserves810 Cr921 Cr1,115 Cr1,314 Cr1,531 Cr1,889 Cr2,643 Cr2,879 Cr3,089 Cr3,321 Cr
Borrowings1,517 Cr1,111 Cr1,609 Cr1,387 Cr870 Cr1,565 Cr911 Cr1,411 Cr1,969 Cr2,147 Cr
Other liabilities755 Cr974 Cr1,056 Cr1,320 Cr1,194 Cr819 Cr878 Cr806 Cr1,114 Cr1,031 Cr
Total liabilities3,108 Cr3,032 Cr3,805 Cr4,046 Cr3,620 Cr4,297 Cr4,454 Cr5,118 Cr6,242 Cr6,521 Cr
Fixed assets (net)846 Cr835 Cr830 Cr1,074 Cr1,059 Cr1,063 Cr1,454 Cr1,502 Cr2,320 Cr2,386 Cr
CWIP2 Cr10 Cr205 Cr26 Cr22 Cr257 Cr28 Cr226 Cr32 Cr14 Cr
Investments109 Cr116 Cr124 Cr153 Cr158 Cr205 Cr18 Cr67 Cr21 Cr18 Cr
Loans & advances——3 Cr3 Cr18 Cr0.46 Cr0.58 Cr0.53 Cr0.50 Cr0.59 Cr
Inventories1,675 Cr1,579 Cr2,119 Cr1,912 Cr1,734 Cr2,037 Cr1,996 Cr2,420 Cr2,738 Cr2,986 Cr
Trade receivables277 Cr311 Cr296 Cr349 Cr208 Cr267 Cr392 Cr345 Cr520 Cr559 Cr
Cash & bank7 Cr4 Cr15 Cr32 Cr11 Cr23 Cr72 Cr76 Cr46 Cr55 Cr
Other assets193 Cr177 Cr214 Cr496 Cr409 Cr445 Cr492 Cr482 Cr566 Cr503 Cr
Total assets3,108 Cr3,032 Cr3,805 Cr4,046 Cr3,620 Cr4,297 Cr4,454 Cr5,118 Cr6,242 Cr6,521 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity145 Cr621 Cr-169 Cr510 Cr791 Cr-173 Cr397 Cr100 Cr-106 Cr188 Cr
Cash from investing-39 Cr-41 Cr-215 Cr-107 Cr-108 Cr-257 Cr1,414 Cr-359 Cr-323 Cr-163 Cr
Cash from financing-102 Cr-583 Cr394 Cr-386 Cr-704 Cr442 Cr-1,762 Cr263 Cr395 Cr-16 Cr
Net cash flow4 Cr-3 Cr11 Cr17 Cr-21 Cr12 Cr49 Cr4 Cr41 Cr9 Cr
Free cash flow (OCF − Capex)103 Cr569 Cr-408 Cr393 Cr702 Cr-467 Cr162 Cr-256 Cr-406 Cr5 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.2%12.4%12.2%19.3%21.1%18.1%56.5%13.6%7.9%8.5%
ROE %30.3%12.6%19.0%25.0%18.9%22.2%67.2%13.6%7.5%8.0%
Debtor days34333429162123202827
Inventory days295223280232196238184223230232
Days payable45898492714138334735
Cash conversion cycle284167230169142218168210211224
OCF / EBITDA %27.7%225.1%-54.6%94.0%141.7%-27.3%64.5%16.0%-22.3%34.3%
OCF / EBITDA % (3 years)——53.9%85.3%80.3%65.0%56.1%17.3%22.8%11.0%
Debt / equity1.821.171.411.040.560.820.340.490.630.64
Current ratio1.081.011.181.301.431.361.971.721.461.49
Net debt / EBITDA2.90—5.162.491.542.431.362.134.043.82