Triveni Turbine Share Price

Triveni Turbine Limited, with its corporate operations in Bengaluru, functions as an industrial steam turbine manufacturer in India. The company designs, manufactures, and supplies steam turbine generators up to 100 Megawatt Electric for captive and renewable power generation. Triveni Turbine also provides multi-brand refurbishment services, parts sales, and comprehensive maintenance solutions for rotating equipment. The company has manufacturing facilities located in Bengaluru equipped with advanced machinery and testing infrastructure. Triveni Turbine serves industries including sugar, steel, palm oil, chemicals, fertilizers, textiles, and waste-to-energy across domestic and international markets.

Triveni share price on NSE and BSE signifies how market participants react to the company’s operational performance and the overall developments in the capital goods sector. The company’s financial health depends on order inflows for steam turbines, revenue from refurbishment and aftermarket services, export demand, and the company’s ability to manage raw material costs like steel and castings. Triveni stock price is influenced by various factors such as earnings, regulatory changes in renewable energy policy, industrial capital expenditure cycles, and competition from other turbine manufacturers. In the longer run, strategies such as new product development, expansion into geothermal and waste-to-energy applications, and international market penetration affect the stock market sentiments. All these factors need to be monitored closely to have an idea about the company’s stock price movements.

Triveni live share price provides real-time information about the last price traded, bid and ask prices, and volume traded. These indicators represent market activity and liquidity, reflecting investor response to corporate announcements, economic conditions, and sector news. Constant monitoring of the Triveni live price helps in observing short term price volatility and shows how a stock moves relative to the broader capital goods index. Furthermore, monitoring Triveni share price today helps investors understand real-time market sentiment, price fluctuations, and trading behaviour. It allows them to evaluate short-term performance, and respond to news, quarterly results, or sector trends that may influence the company’s valuation and overall investment outlook. Triveni stock price movements also reflect broader trends in the Indian industrial equipment manufacturing industry, along with changes in industrial production, export demand, and global energy transition investments.

Triveni Turbine Limited Company Fundamentals

A. Company Background

Triveni Turbine Limited was incorporated in 1995 in India and is part of the Triveni Engineering & Industries Limited group. The company was formed following the demerger of the steam turbine business from its parent and operates as a focused manufacturer of industrial steam turbines and related services. It is headquartered in Bengaluru, Karnataka and is listed on the National Stock Exchange and BSE Limited.

The company specialises in steam turbine generator solutions up to 100 MW, catering to industrial applications and distributed power generation. Over time, it has expanded its presence into aftermarket services, refurbishment, and global project execution, with installations across multiple industries and international markets.

B. Company Product Lines

• Industrial Steam Turbines
  – Steam turbine generators up to 100 MW for power generation and cogeneration applications

• API-Compliant Steam Turbines
  – Turbines designed to meet API standards for use in oil and gas, petrochemical, and fertiliser sectors

• Backpressure, Condensing, and Extraction Turbines
  – Configurations suited for different industrial steam and power requirements

• Aftermarket Products and Services
  – Spares, repairs, retrofits, upgrades, and maintenance solutions

• Refurbishment and Modernisation Solutions
  – Services for renovation and life extension of turbines, including third-party equipment

C. Company Revenue Model

• Product Sales (Steam Turbines)
  – Revenue from manufacture and supply of industrial steam turbines

• API Turbine Supply
  – Income from specialised turbines supplied to process industries

• Aftermarket Services
  – Revenue from maintenance, repairs, spares, and performance enhancement services

• Refurbishment and Modernisation
  – Income from upgrading and servicing installed base and third-party equipment

• Export and International Sales
  – Revenue from global project execution and overseas customers

D. Geographic Presence

• Headquarters / Corporate Office
  – Bengaluru, Karnataka, India

• Manufacturing Facilities (India)
  – Bengaluru, Karnataka
  – Sompura Industrial Area (near Bengaluru), Karnataka

• Domestic Presence
  – Project execution and service support across multiple industrial locations in India

• International Presence
  – Subsidiaries and offices in regions including:
  – United States
  – United Kingdom
  – United Arab Emirates
  – South Africa

• Global Reach
  – Installed base and service network across Europe, Asia, Africa, and the Americas

E. Key Milestones

• 1995: Incorporated in India

• 2010: Demerger of steam turbine business and formation of independent entity

• 2010s: Expansion of manufacturing and global market presence

• 2013–2017: Commissioning of additional manufacturing capacity near Bengaluru

• 2016–2020: Growth in aftermarket and refurbishment services

• 2021: Acquisition of full ownership in JV entity (renamed Triveni Energy Solutions Limited)

• 2022–2024: Expansion of international subsidiaries and manufacturing capabilities

• 2025: Continued expansion in global markets and service offerings

F. Industry Perspective

The industrial steam turbine sector is influenced by industrial growth, energy efficiency requirements, and decentralised power generation needs. Industries such as cement, steel, chemicals, and oil and gas use steam turbines for cogeneration and captive power, supporting operational efficiency.

There is increasing adoption of waste heat recovery, biomass, and waste-to-energy applications, which support demand for small and medium capacity steam turbines. At the same time, aftermarket services and refurbishment are important due to the ageing installed base of equipment globally.

The industry is also affected by capital expenditure cycles, regulatory policies, and energy transition initiatives, with growing emphasis on improving efficiency and reducing emissions in industrial processes.

Triveni Turbine Limited Stock Market Presence: Listings & Index Representation

Triveni Turbine Limited is listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Triveni share price is available for trading on the NSE under the symbol TRITURBINE and on the BSE with the scrip code 533655 . The company’s market presence is primarily within the small-cap segment of the market. Due to its size and sector focus, Triveni share price is generally tracked by investors interested in the capital goods and engineering industry. The company was incorporated in 1995 and changed its name from Triveni Retail Ventures Limited to Triveni Turbine Limited on March 12, 2010 .

Triveni is part of several broad-based and sector-specific stock market indices, reflecting its position as a small-cap engineering company in India. The company is a constituent of the Nifty 500, Nifty Smallcap 100, Nifty Smallcap 250, and Nifty Energy indices . The Triveni stock price is also tracked within the S&P BSE 500 index . These indices capture companies across large, mid, and small-cap segments. The company’s inclusion in the Nifty Smallcap 100 index helps investors track its performance relative to other small-sized engineering and capital goods companies in India.

Triveni Turbine Limited Stock Performance and Share Price History

Triveni share price on NSE reflects its status as an industrial steam turbine manufacturer serving domestic and international customers. Performance is driven by order book growth, revenue from aftermarket services, export sales, and the company’s ability to manage manufacturing costs and raw material prices. Investors compare Triveni share price today with other capital goods companies to gauge relative performance. These underlying factors are often visible through real market movements across different periods. Similar trends are observed during earnings-driven movements. Broader capital goods sector strength has also played a role in supporting Triveni share price.

In addition to operational and sector-led factors, corporate actions such as dividend announcements can also have a significant impact on Triveni share price movements in the short term. The company declared a dividend of 200 percent with a yield of 0.76 percent . This shows how corporate actions can trigger short-term market interest. While short-term movements reflect events and announcements, longer-term valuation trends are visible through Triveni share price 52-week high and low, providing context beyond daily or weekly changes. The 52-week high stands at Rs 885.00 recorded on November 26, 2024, while the low stands at Rs 428.35 recorded on April 7, 2025 . The all-time high stands at Rs 885.00, while the all-time low was Rs 45.90 on March 23, 2020 . Highs indicate strong order inflows and successful project executions, while lows align with market corrections or sector volatility. These levels capture impacts of industrial capex cycles, competition in the turbine manufacturing space, and earnings visibility, providing context for the stock’s historical performance.

Triveni stock performance reflects the trading behaviour of a small-cap engineering company operating within India’s industrial equipment manufacturing space. The company’s portfolio across steam turbines, refurbishment services, and aftermarket parts has shaped its Triveni share price history. Over time, the stock has shown long-term wealth creation, marked by periods of sharp gains and phases of consolidation. The stock delivered a total shareholder return of 481 percent over five years, which equates to an annualized return of 42 percent . Over three years, the stock delivered a return of 98.26 percent on the BSE . The Triveni share price reached its all-time high of Rs 885.00 in November 2024, but has since declined substantially to current levels around Rs 460.

Triveni stock performance over time has closely followed India’s industrial growth cycles and the company’s success in expanding its aftermarket services business. The stock showed strong momentum following the company’s focus on refurbishment and efficiency enhancement services. However, the Triveni share price has seen a substantial decline from its peak of Rs 885.00, falling over 48 percent from its 52-week high . This decline coincides with weaker performance in the broader capital goods sector and a challenging demand environment. Despite COVID-19 disruptions, Triveni shares showed remarkable resilience in 2021 and 2022, supported by the company’s asset-light business model and strong aftermarket revenue stream. The company’s manufacturing facilities in Bengaluru continued operations with necessary protocols during the pandemic, and its refurbishment services remained in demand.

Triveni share price has seen decreases due to several recurring reasons. A decline in order inflows from core industries like sugar and steel or delays in project execution directly impacts revenue visibility and leads to selling pressure. Changes in government policy, such as modifications in renewable energy targets or changes in industrial promotion schemes, can also cause the stock to fall. Furthermore, any increase in operational costs like raw material prices for steel or casting components without a matching rise in selling prices squeezes the company’s margins, making the stock less attractive. Periods of economic slowdown that affect industrial capital expenditure raise concerns about turbine demand, leading to a drop in Triveni share price. The stock is also sensitive to competition from other engineering companies like Siemens, Thermax, and BHEL; if these competitors win larger market share, it can lead to a decrease in Triveni stock price as investors adjust expectations for future revenue growth . Broader market sell-offs in small-cap stocks also pull the price down, regardless of the company’s individual performance. A decrease in refurbishment service orders or slower adoption of new products like CO2 heat pumps directly hurts the company’s revenue, resulting in a lower valuation for Triveni share price. The stock saw a decline of 34.54 percent over one year as of October 2025, which aligns with the broader correction in small-cap engineering stocks and concerns about industrial demand .

Triveni Turbine Limited Investor Relevance and Role in Portfolio

Triveni is a holding in small-cap and infrastructure-focused portfolios, offering exposure to industrial steam turbine manufacturing, aftermarket services, and energy efficiency solutions. Inclusion in the Nifty Smallcap 100 and Nifty Energy indices underscores its importance in India’s capital goods and renewable energy equipment space. The company’s focus on refurbishment and efficiency enhancement, strong aftermarket business, and expansion into waste-to-energy and geothermal applications make it a consideration for long-term allocations.

Triveni equity is held by a broad mix of promoters, institutions, and retail investors, reflecting its standing in India’s engineering sector. The promoter group holds approximately 55.84 percent stake in the company as of December 2025 . Prominent mutual fund holders include SBI Small Cap Fund, which holds about 1.44 percent, and Canara Robeco Small Cap Fund . Foreign institutional investors hold approximately 22.38 percent stake, while mutual funds hold around 13.40 percent as of December 2025 . Other domestic institutions hold 1.20 percent, and retail investors constitute around 7.18 percent of the shareholding . This broad investor base with increasing institutional participation underscores the company’s role as a holding in both domestic and global portfolios focused on engineering and capital goods.

Beyond fundamentals and ownership, Triveni stock is monitored for its trading volumes and delivery percentage. These indicators reflect investor interest in the counter. Market participants watch these indicators to gauge sentiment around quarterly results and business announcements. Technical indicators such as Triveni share price RSI, MACD, and MFI provide additional insight into short-term momentum shifts in the company’s stock price. While these indicators are primarily used for near-term trading decisions, they also help investors and portfolio managers understand broader market sentiment and anticipate potential volatility, especially around key events or announcements. In the short-term and weekly timeframe, the stock has exhibited price movements that correlate with its industry peers. This consistency suggests that, despite occasional fluctuations indicated by momentum indicators, the stock maintains a trading pattern that aligns with sector news.

Triveni stock price has a beta that reflects its position as a small-cap engineering stock with institutional participation and relatively volatile business fundamentals tied to industrial cycles. Over shorter timeframes, such as the one-month period, the stock has shown relatively higher sensitivity to market movements, indicating short-term volatility. During the three-month period, this sensitivity appears more balanced, suggesting a closer alignment with broader market trends. Across longer durations, such as the six-month and one-year periods, the beta trends lower, indicating reduced volatility and a weaker correlation with overall market fluctuations. This shift suggests that over time, the stock behaves more steadily, which is typical for companies in the capital goods sector that have a strong aftermarket business. Overall, these variations across different timeframes highlight that while Triveni may experience short-term fluctuations, its longer-term volatility remains relatively stable, reinforcing its characteristics as a fundamentally sound engineering stock.

Triveni Turbine Limited Sectoral Relevance and Peer Positioning

Triveni sector relevance stems from its position as an industrial steam turbine manufacturer with a strong aftermarket services business, its multi-brand refurbishment capabilities, and its expansion into waste-to-energy and geothermal applications. Peer comparisons with Siemens, Thermax, BHEL, Suzlon Energy, ABB, CG Power and Industrial Solutions, Hitachi Energy, GE Vernova T&D, and Inox Wind focus on order book composition, product portfolio, aftermarket revenue share, and geographical presence rather than short-term stock moves . These benchmarks help investors assess operational scale, efficiency, and market reach. Institutional tracking of industrial capital expenditure, energy transition investments, and manufacturing competitiveness further highlights Triveni positioning within India’s broader engineering and capital goods market.

Triveni market cap highlights its position as a small-sized player within India’s capital goods and engineering sector. The company’s market valuation has seen significant growth over the past five years, reflecting improved financial performance and strong aftermarket business. As of April 2026, the market cap stands at approximately Rs 14,660 crore . The market cap serves as a measure of the company’s size relative to other players in the sector. Investors track market cap changes to understand the company’s growth trajectory. The company’s focused approach on industrial steam turbines and refurbishment services supports its valuation. Triveni market cap remains an important metric for comparing its scale against peers like Thermax and Siemens.

Triveni earnings demonstrate the impact of its operational focus on steam turbine manufacturing and aftermarket services. The company reported total income of Rs 2,040 crore for the trailing twelve months, with net profit of Rs 342 crore . For the financial year ended March 31, 2025, the company reported total income of Rs 2,005.84 crore and net profit of Rs 358.63 crore . The company reported a profit of Rs 64.40 crore on a total income of Rs 393.50 crore for the quarter ended June 2025 . These earnings figures are influenced by order execution from industrial customers and refurbishment demand. Triveni earnings provide a view of how the company converts its order book into financial performance.

Triveni EPS provides insight into its operational performance and income generation per share. The company’s earnings per share stands at approximately Rs 11.1 for the trailing twelve months . The company has maintained positive EPS, indicating that its operations are generating profits for shareholders. Triveni EPS is a metric that helps investors understand the company’s profitability on a per-share basis. This figure is influenced by the company’s ability to win orders from domestic and international customers and execute projects efficiently. Tracking EPS helps in assessing the company’s earnings consistency over different market cycles. The EPS has shown growth over five years, reflecting the company’s successful expansion into aftermarket services.

Triveni P/E ratio reflects how investors perceive the company’s earnings relative to its revenue streams from turbine manufacturing and refurbishment services. The current P/E ratio stands at approximately 42.9 times, which represents a discount to the industry median of 132.74 times . In earlier years, the ratio remained at relatively moderate levels, with a P/E of 50.02 in 2025 and 63.42 in 2024 . Following the company’s strong earnings growth, the valuation has moderated to current levels. Triveni P/E ratio remains a metric that investors use to compare valuation with peers in the capital goods sector. The ratio continues to be influenced by the company’s reported quarterly financial performance and industrial order inflow announcements.

Summary

Triveni Turbine Limited manufactures industrial steam turbines up to 100 Megawatt Electric for captive power and renewable energy applications. The company also provides refurbishment services and aftermarket parts for turbines of any make. Triveni share price reflects the company’s operational performance and trends in the capital goods industry. The stock has delivered significant long-term returns, with a five-year total shareholder return of 481 percent. Triveni stock price movements are observed within the small-cap engineering segment. The company’s inclusion in benchmark indices like the Nifty Smallcap 100 highlights its exchange-listed status in India