Stock Price Movement and Market Context
On 21 Jan 2026, Triveni Turbine Ltd. touched an intraday low of Rs.454.4, representing a 3.52% drop for the day and a 0.71% decline compared to the previous close. This new 52-week low comes after a sustained period of decline, with the stock falling for ten consecutive trading sessions and delivering a negative return of 13.34% over this period. The current price is substantially below its 52-week high of Rs.725.9, underscoring the extent of the recent correction.
The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend. This technical positioning aligns with the broader market environment, where the Sensex opened 385.82 points lower and is currently down 0.5% at 81,767.27. The Sensex itself is experiencing a three-week consecutive decline, losing 4.66% in that timeframe, and is trading below its 50-day moving average, although the 50DMA remains above the 200DMA.
Within the sector, the NIFTY MEDIA index also hit a new 52-week low on the same day, reflecting sector-wide pressures that have contributed to the subdued sentiment around Triveni Turbine Ltd.
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Financial Performance and Valuation Metrics
Triveni Turbine Ltd.’s financial results have shown mixed signals over the recent periods. The company reported flat results in the quarter ended September 2025, which contributed to the cautious stance among market participants. Operating cash flow for the fiscal year was recorded at Rs.186.73 crores, marking the lowest level in recent years. Additionally, the debtors turnover ratio for the half-year stood at 4.32 times, also the lowest in the recent period, indicating slower collection cycles. Cash and cash equivalents were reported at Rs.196.30 crores for the half-year, reflecting a conservative liquidity position.
Despite these figures, the company maintains a strong return on equity (ROE) of 26.3%, which is indicative of efficient capital utilisation. However, the stock’s valuation appears elevated with a price-to-book value of 11.7, suggesting that the market has priced in significant growth expectations. The PEG ratio stands at 5.2, signalling that earnings growth may not be fully aligned with the current price level.
Over the past year, Triveni Turbine Ltd. has underperformed the broader market significantly. While the Sensex delivered a positive return of 7.77% and the BSE500 index generated 6.07%, the stock declined by 31.75%. This divergence highlights the challenges faced by the company relative to its peers and the overall market.
Sector and Peer Comparison
Within the Heavy Electrical Equipment sector, Triveni Turbine Ltd. is trading at a valuation that is broadly in line with its peers’ average historical multiples. The company’s long-term fundamentals remain robust, with an average ROE of 22.31% and healthy growth rates in net sales and operating profit, which have expanded at annual rates of 22.09% and 25.02% respectively. The company’s low average debt-to-equity ratio of zero further underscores its conservative capital structure.
Institutional investors hold a significant stake of 37.48%, reflecting confidence in the company’s underlying fundamentals despite recent price weakness. These investors typically have greater resources to analyse company performance and sector dynamics, which may influence longer-term positioning.
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Mojo Score and Rating Update
Triveni Turbine Ltd. currently holds a Mojo Score of 44.0, which corresponds to a Sell rating. This represents a downgrade from its previous Hold rating, effective from 19 Jan 2026. The Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector. The downgrade reflects the combination of recent price weakness, valuation concerns, and the company’s recent financial metrics.
The stock’s performance today marginally outperformed the sector by 0.29%, but this was insufficient to offset the broader downward trend. The sustained decline over the past ten days and the breach of key technical support levels have contributed to the current cautious market stance.
Summary of Key Metrics
To summarise, Triveni Turbine Ltd.’s stock has declined to Rs.454.4, its lowest level in 52 weeks, amid a challenging market environment and subdued recent financial results. The stock’s valuation remains elevated relative to earnings growth, and it has underperformed both the Sensex and the BSE500 index over the past year. Despite this, the company’s long-term fundamentals, including strong ROE, healthy sales and profit growth, and a conservative debt profile, remain intact. Institutional holdings remain significant, reflecting continued interest from informed investors.
Market participants will continue to monitor the stock’s price action and financial disclosures closely as the broader market navigates ongoing volatility and sector-specific developments.
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