From Rs 91 to Rs 208: This steam turbine manufacturer has turned into a multibagger in the past year!

The company is likely to be on a high growth trajectory over the next two years led by strong order inflows, especially in the 30-100 MW segment in international markets.

Bengaluru-based steam turbine manufacturer, Triveni Turbine has turned multibagger in the past year by delivering a stellar return of 128.32% to its shareholders. The stock closed at Rs 208 on February 07, 2022, from a low of Rs 91.10 on February 05, 2021, thereby doubling investor wealth.  

In the quarter ended December 2021, Triveni Turbine reported topline growth of 29.72 per cent YoY to Rs 225.15 crore from Rs 173.56 crore in Q3FY21. Revenue growth was led by domestic revenues (up 64% YoY) while exports remained weak (down 16 per cent YoY). PBIDT (Ex OI) was reported at Rs 45.05 crore, up by 29.9 per cent compared to the year-ago period. PAT was reported at Rs 35.67 crore, up by 35.83 per cent YoY.  

Triveni Turbine designs and manufactures steam turbines up to 100 MW and is the market leader in the up to 30 MW steam turbine segment. The company is now focusing on increasing its market share in the high margin 30-100MW export market. It is also venturing into the API market which along with its focus on exports and aftermarket segments is expected to lead to strong order booking with better margins going ahead. 

The company sees strong growth opportunities in sectors like cement, pharma, steel and distillery in domestic markets and internationally in sectors such as Steel, Waste to energy, distillery, food processing, Cement WHRS. Given these prospects, there has been a run-up in the stock price of the company.  

At 1.15 pm on Tuesday, the stock of Triveni Turbine Limited was trading at Rs 213, up by 2.40 per cent or Rs 5 per share on BSE. The 52-week high of the scrip is recorded at Rs 231.25 and the 52-week low at Rs 90 on the BSE.