Triveni Glass

Why is Triveni Glass Ltd falling/rising?

As of 09-Aug, Triveni Glass Ltd's stock price is at 7.01, reflecting a 3.97% decrease and a significant decline of 33.24% over the last eight days. The stock has underperformed its sector and the benchmark Sensex, with a year-to-date drop of 24.54% and a yearly decline of 47.92%.

As of 09-Aug, Triveni Glass Ltd's stock price is falling, currently at 7.01, which reflects a decrease of 0.29 or 3.97%. The stock has been on a downward trend, having lost value for the last eight consecutive days, resulting in a significant decline of 33.24% over this period. <BR><BR>In terms of performance relative to the market, the stock has underperformed its sector by 2.45% today. Over the past week, it has seen a substantial drop of 20.70%, while the benchmark Sensex has only increased by 0.52%. Year-to-date, the stock is down 24.54%, significantly worse than the Sensex's decline of 7.89%. Over the past year, Triveni Glass Ltd has experienced a staggering 47.92% decrease, compared to a much smaller decline of 2.63% in the Sensex.<BR><BR>Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 76.27% against the five-day average, indicating reduced interest in trading the stock. Although the stock's price is higher than the 50-day and 100-day moving averages, it remains lower than the 5-day, 20-day, and 200-day moving averages, which suggests a bearish trend. Overall, these factors contribute to the ongoing decline in Triveni Glass Ltd's stock price.

Which are the latest news on Triveni Glass?

Are Triveni Glass Ltd latest results good or bad?

Triveni Glass Ltd's latest results are concerning, showing a net profit of ₹0.16 crores due to a 369% increase in other income, but the company has not generated sales for seven quarters and has a negative book value of ₹-11.66 per share. Overall, the financial distress and reliance on non-operating income indicate a risky investment with no clear recovery path.

Triveni Glass Ltd's latest results present a concerning picture overall. While the company reported a net profit of ₹0.16 crores in Q1 FY27, marking its first profit in five quarters, this is largely attributed to a significant increase in other income, which surged by 369% year-on-year. However, the company has not generated any sales for at least seven consecutive quarters, indicating a complete cessation of its manufacturing operations.<BR><BR>The financial health of Triveni Glass is quite troubling, with a negative book value of ₹-11.66 per share and a market capitalization of only ₹12 crores. The company has effectively become a shell entity, reliant on non-operating income rather than any sustainable business operations. The operating losses have widened, and the balance sheet shows severe distress, with liabilities exceeding assets.<BR><BR>In summary, despite a brief moment of profitability, the underlying operational issues and financial distress suggest that the results are not good. The company is in a critical state, with no clear path to recovery, making it a risky investment.

Should I buy, sell or hold Triveni Glass Ltd?

When is the next results date for Triveni Glass Ltd?

The next results date for Triveni Glass Ltd is 28 July 2026.

The next results date for Triveni Glass Ltd is scheduled for 28 July 2026.

How big is Triveni Glass?

As of 10th June, Triveni Glass Ltd has a market capitalization of 8.00 Cr, with net sales of 0.00 Cr and a net profit loss of 0.75 Cr in the latest four quarters. The balance sheet for March 2025 shows shareholder's funds at a loss of 14.72 Cr and total assets valued at 6.58 Cr.

As of 10th June, Triveni Glass Ltd has a market capitalization of 8.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Triveni Glass reported net sales of 0.00 Cr and a net profit loss of 0.75 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing shareholder's funds at a loss of 14.72 Cr and total assets valued at 6.58 Cr.

Who are in the management team of Triveni Glass?

The management team of Triveni Glass includes J K Agrawal (Executive Director & Managing Director), A K Dhawan (Executive Director, Finance & CFO), and four Independent Non-Executive Directors: Ishwar Chandra Aga, Abhishek Jain, Piyush Kesarwani, and Manju Agarwal.

The management team of Triveni Glass includes the following individuals:<BR><BR>1. J K Agrawal - Executive Director & Managing Director<BR>2. A K Dhawan - Executive Director (Finance) & Chief Financial Officer<BR>3. Ishwar Chandra Aga - Independent Non-Executive Director<BR>4. Abhishek Jain - Independent Non-Executive Director<BR>5. Piyush Kesarwani - Independent Non-Executive Director<BR>6. Manju Agarwal - Independent Non-Executive Director<BR><BR>If you need more information about their roles or the company, feel free to ask!

Who are the peers of the Triveni Glass?

Triveni Glass's peers include Reetech Intl, Milestone Global, Mayur Floorings, Gala Global, Kabra Commercial, Jain Marmo Inds, CHD Chemicals, Patron Exim, Winny Immigratio, and Rite Zone. Most peers exhibit below-average management risk and growth, with Mayur Floorings showing the highest 1-year return at 25.44% and Patron Exim the lowest at -62.09%.

Peers: The peers of Triveni Glass are Reetech Intl, Milestone Global, Mayur Floorings, Gala Global, Kabra Commercial, Jain Marmo Inds, CHD Chemicals, Patron Exim, Winny Immigratio, and Rite Zone.<BR><BR>Quality Snapshot: Below Average management risk is observed at Reetech Intl, Milestone Global, Mayur Floorings, Gala Global, Kabra Commercial, CHD Chemicals, Patron Exim, and Winny Immigratio, while Average management risk is found at Jain Marmo Inds. All peers except Jain Marmo Inds have Below Average growth, while Jain Marmo Inds has Average growth. Capital Structure ratings show that Jain Marmo Inds has Average capital structure, while the rest have Below Average.<BR><BR>Return Snapshot: Mayur Floorings has the highest 1-year return at 25.44%, while Patron Exim has the lowest at -62.09%. Triveni Glass's 1-year return of -52.94% is worse than Mayur Floorings but better than Patron Exim. Additionally, the six-month return is negative for Reetech Intl, Milestone Global, Gala Global, Patron Exim, and Winny Immigratio.

What does Triveni Glass do?

Triveni Glass Ltd, established in 1956, specializes in manufacturing laminated safety glass and other glass products. It is a micro-cap company with a market cap of INR 8 Cr and reported a net profit of 0 Cr for March 2026.

Overview: <BR>Triveni Glass Ltd is a pioneer in the manufacturing of laminated safety glass and other glass products within the miscellaneous industry, categorized as a micro-cap company.<BR><BR>History: <BR>Triveni Glass Ltd was established in 1956 by the late Mr. D. N. Agrawal, who introduced the first technology in India for manufacturing laminated safety glass for automobiles. The company has since expanded its product offerings to include tempered glass and mirrors. The latest quarterly results reported are for March 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: 0 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 8 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 37 <BR>Dividend Yield: 0.00% <BR>Debt Equity: -1.18 <BR>Return on Equity: 4.85% <BR>Price to Book: -0.54<BR><BR>Contact Details: <BR>Address: 1 Kanpur Road, Allahabad Uttar Pradesh: 211001 <BR>Phone: 91-0532-2407325 <BR>Email: akd@triveniglassltd.com <BR>Website: http://www.triveniglassltd.com

How has been the historical performance of Triveni Glass?

Triveni Glass has experienced a significant decline in financial performance, with net sales dropping from 59.26 crore in March 2020 to zero by March 2025, alongside negative operating profit and cash flow. Total liabilities and assets also decreased substantially during this period, indicating a deterioration in financial health.

Answer:<BR>The historical performance of Triveni Glass shows a significant decline in financial metrics over the years, particularly from March 2020 onwards. <BR><BR>Breakdown:<BR>Triveni Glass reported net sales of 59.26 crore in March 2020, which decreased to zero by March 2025, indicating a complete halt in revenue generation. The total operating income followed a similar trend, starting at 59.26 crore in March 2020 and dropping to zero by March 2025. The company's expenditure also decreased significantly, from 60.65 crore in March 2020 to 0.87 crore in March 2025. Operating profit fluctuated, with a peak of 6.47 crore in March 2019, but turned negative in subsequent years, culminating in a profit before tax of only 0.09 crore in March 2025. The profit after tax mirrored this decline, falling from 16.77 crore in March 2020 to just 0.09 crore in March 2025. The company's total liabilities decreased from 71.85 crore in March 2020 to 6.58 crore in March 2025, while total assets also saw a decline from 71.85 crore to 6.58 crore in the same period. Cash flow from operating activities remained negative for several years, with no cash inflow recorded from March 2022 to March 2025. Overall, Triveni Glass has experienced a substantial deterioration in its financial health over the past few years.

Is Triveni Glass overvalued or undervalued?

As of April 25, 2023, Triveni Glass is considered risky and overvalued with a PE ratio of 18.03 and negative returns on capital, underperforming the Sensex with a -31.87% return over the past year.

As of 25 April 2023, the valuation grade for Triveni Glass has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company is currently assessed as overvalued based on its financial ratios, with a PE ratio of 18.03, an EV to EBIT of -29.23, and a ROCE of -32.98%. These figures suggest significant underlying issues, particularly the negative returns on capital employed.<BR><BR>In comparison to its peers, Triveni Glass's valuation appears unfavorable. For instance, Asahi India Glass is categorized as expensive with a PE ratio of 51.96, while Empire Industries is considered attractive with a PE of 18.98. The stark contrast in valuations highlights Triveni's challenges in generating positive returns and sustaining investor confidence. Additionally, the company's stock has underperformed against the Sensex over the past year, with a return of -31.87% compared to the Sensex's 7.62%, further reinforcing the notion that Triveni Glass is overvalued in its current state.

What is the technical trend for Triveni Glass?

As of May 13, 2025, Triveni Glass shows a mildly bearish trend, with mixed signals from the MACD and KST indicators, while moving averages and Bollinger Bands confirm the bearish outlook.

As of 13 May 2025, the technical trend for Triveni Glass has changed from bearish to mildly bearish. The weekly MACD indicates a mildly bullish stance, while the monthly MACD remains bearish, suggesting mixed signals. The Bollinger Bands and moving averages on the weekly and daily time frames are all indicating mildly bearish conditions. The KST shows a mildly bullish reading on the weekly but bearish on the monthly, further contributing to the mixed outlook. Overall, the current technical stance is mildly bearish, driven primarily by the moving averages and Bollinger Bands.

Who are the top shareholders of the Triveni Glass?

The top shareholders of Triveni Glass include Jitendra Kumar Agrawal with 2.0%, Tecknopoint Mercantile Co Private Limited with 4.59%, and individual investors holding 67.04%. Additionally, there is one foreign institutional investor with 2.76% and four mutual fund schemes with a combined 0.05%, with no pledged promoter holdings.

The top shareholders of Triveni Glass include a mix of individual and institutional investors. The largest individual shareholder is Jitendra Kumar Agrawal, holding 2.0% of the shares. The highest public shareholder is Tecknopoint Mercantile Co Private Limited, which holds 4.59%. Additionally, individual investors collectively hold a significant portion, accounting for 67.04% of the shares. On the institutional side, there is one foreign institutional investor (FII) with a holding of 2.76%, and four mutual fund schemes that together hold 0.05%. Notably, there are no pledged promoter holdings in the company.

Has Triveni Glass declared dividend?

No Dividend History Available