Triveni Engineering's Quality Grade Change Reflects Financial Metrics and Market Position Shifts

Triveni Engineering and Industries has recently undergone an evaluation revision, reflecting shifts in its financial metrics and market position within the sugar industry. The company's five-year sales growth stands at 5.10%, while its EBIT growth over the same period shows a decline of 5.66%. The average EBIT to interest ratio is reported at 8.45, indicating a stable ability to cover interest expenses.
In terms of leverage, Triveni's debt to EBITDA ratio is 1.85, and its net debt to equity ratio is 0.56, suggesting a moderate level of debt relative to its equity base. The company's sales to capital employed ratio averages 1.63, which is a critical indicator of operational efficiency. The tax ratio is noted at 26.52%, and the dividend payout ratio is 31.85%, reflecting a balanced approach to shareholder returns.

When compared to its peers, Triveni Engineering's performance shows it is positioned within a competitive landscape, with EID Parry rated higher, while others like Sh. Renuka Sugar and Bannari Amman Sugar are rated lower. This context highlights the varying financial health and operational effectiveness among companies in the sugar sector.