Triveni Turbine Gets Revised Target Price From Motilal Oswal; Here's Why

Motilal Oswal Report

Triveni Turbine Ltd. in its annual report emphasized its strategy to expand its footprint in key international geographies, widen its product offerings, scale up its aftermarket business and continue its focus on innovation.

Despite weakness in domestic markets, Triveni Turbine posted healthy growth in revenue, profitability and order inflows in FY24. We expect the company to continue to benefit from international order inflows, particularly from the ongoing global shift toward renewables, while domestic inflows will ramp up in the next few quarters from key end-user industries such as steel, cement, chemicals, sugar, distilleries, paper and pulp.

We slightly raise our margin estimates and roll forward our target price. We maintain Buy with a revised target price of Rs 830, based on 48 times Sep’26E earnings per share.

Key risks and concerns

Slowdown in capex initiatives, intensified competition, technology disruption, inability to innovate and launch new products, and geopolitical headwinds resulting in a sharp slowdown in exports and aftermarket segments.

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.