Triveni Turbine
Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. It was a division of Triveni Engineering & Industries LtdĀ since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.
Product Portfolio and Services
The company’s product portfolio includes a wide range of turbines of different types ranging from 1-100 MW in capacities. It manufactures turbines for various industries such as sugar, cement, chemicals, textiles, palm oil, paper, steel, biomass power, distillery, waste-to-energy, carbon black, oil & gas, food, district heating and defense. It also provides a wide range of aftermarket services to its own fleet of turbines as well as other turbines and other rotating equipment, such as compressors, rotors, etc. of other makes.
Financial Performance:
- Stellar results in Q3 & 9M FY 24 with record revenues, highest EBITDA, and order bookings
- Quarterly order bookings, revenue, and EBITDA surpassed milestones, highest ever revenue in the quarter
Market Expansion:
- Establishment of subsidiary in the United States, Triveni Turbines Americas, Inc., to cater to the Americas market
- Focus on expanding geographic presence, widening product offerings, and strategic investments for sustained growth
- Robust growth in domestic and international markets, with a focus on customer centricity
Strategic Initiatives:
- Plans to increase manpower base by 20% in FY 25
- Continued investments in R&D and engineering for new product development and market expansion
- Expected increase in order bookings, maintaining growth momentum into FY 25
Technology and Innovation:
- No technological collaborations for API turbines, all technology owned in-house
- Plans to increase R&D expenditure to 3% of sales for new product development and capabilities
Market Focus:
- Expansion into the U.S. market with a focus on aftermarket services, potential for local assembly
- U.S. market focus on renewable energy and oil and gas sectors
- Market approach driven by energy efficiency and decarbonization
Growth Strategies:
- Expectations of margin expansion through value engineering, operating leverage, and higher margin aftermarket and export sales
- Growth outlook of 35% CAGR exceeded, aiming to maintain growth
- Expansion of product line to drive growth and maintain growth rate
Customer Service:
- Focus on aftermarket and product sales, aiming for growth in both areas
- Expansion of service centers to be closer to customers
- International expansion of workforce and service centers
Future Plans:
- Setting up U.S. subsidiary for organic growth, manpower intensive
- No new acquisitions planned, focus on organic growth
- Optimistic about company prospects and growth opportunities
Technical Analysis
Triveni Turbines (CMP 515) is displaying a bullish flag pattern, š indicating a potential continuation of an uptrend. This pattern is accompanied by high trading volumes, š suggesting strong investor interest and confirming the pattern’s reliability.
Additionally, the Relative Strength Index (RSI) stands at 72, signaling bullish momentum in the stock. The Average Directional Index (ADX) is at 28, indicating a strong trend in place.
Furthermore, a bullish crossover in the Moving Average Convergence Divergence (MACD) adds to the positive outlook for Triveni Turbines.
A notable support level is identified at 480, providing a reference point for potential price retracements.
It’s important to note that this analysis is for educational purposes only and should not be construed as financial advice.
Traders and investors should conduct thorough research and consider their risk tolerance before making any investment decisions. šš
