Triveni Engineering & Industries Limited (TRIVENI.NS) Bundle
A Brief History of Triveni Engineering & Industries Limited
Founded in 1932, Triveni Engineering & Industries Limited has evolved into one of the leading engineering companies in India. Headquartered in Noida, Uttar Pradesh, the company primarily focuses on sugar production, engineering, and power generation. It operates three main business segments: sugar, power, and engineering.
Throughout its history, Triveni Engineering has been pivotal in the sugar industry in India. The company began operational activities with its first sugar factory established in 1932 and has since expanded its footprint, operating multiple sugar factories in Uttar Pradesh.
As of FY 2022, Triveni Engineering’s sugar business recorded a production capacity of approximately 1.5 million tons. The company has consistently maintained a significant market share, often ranking among the top producers in the country. The financial year 2022-2023 saw Triveni report a net sales figure of ₹5,160 crore, reflecting a growth trajectory in its core operations.
In recent years, Triveni has diversified its portfolio. In the power segment, the company generates electricity using bagasse, a byproduct of sugarcane. For the FY 2022-2023, the power generation capacity reached around 78 MW, with a focus on sustainable energy practices.
The engineering division of the company has also made significant strides. Triveni Engineering manufactures a range of products, including turbines and sugar machinery. The engineering segment contributed to a revenue of ₹360 crore in FY 2022-2023.
| Year | Net Sales (₹ Crore) | Sugar Production (Million Tons) | Power Generation Capacity (MW) | Engineering Revenue (₹ Crore) |
|---|---|---|---|---|
| 2020-21 | 4,200 | 1.25 | 72 | 315 |
| 2021-22 | 4,800 | 1.3 | 75 | 335 |
| 2022-23 | 5,160 | 1.5 | 78 | 360 |
Triveni Engineering went public in 2007, and its shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under the ticker symbol TRIVENI. As of October 2023, the company’s market capitalization is approximately ₹8,500 crore, reflecting investor confidence and consistent performance in the sugar and engineering sectors.
The company has adopted several modern technologies to improve yield and operational efficiency. Initiatives such as the implementation of automated systems in sugar processing have led to better resource management and increased productivity.
In addition to its financial achievements, Triveni is also recognized for its commitment to sustainability and corporate social responsibility. The company has taken initiatives to reduce water consumption and promote renewable energy within its operations.
Overall, Triveni Engineering & Industries Limited has demonstrated resilience and adaptability through decades of operation, positioning itself as a key player in the Indian engineering and sugar industry landscape.
A Who Owns Triveni Engineering & Industries Limited
Triveni Engineering & Industries Limited, a prominent player in the sugar and engineering segments in India, has a diversified ownership structure. As of the latest available data, the company's ownership is dispersed among institutional investors, retail shareholders, and various financial entities.
According to the quarterly report for Q2 FY2024, the shareholding pattern of Triveni Engineering is as follows:
| Shareholder Category | Percentage of Shareholding |
|---|---|
| Promoters | 51.31% |
| Foreign Institutional Investors (FIIs) | 17.25% |
| Domestic Institutional Investors (DIIs) | 9.08% |
| Public and Others | 22.36% |
The promoter group is primarily led by Mr. Rakesh N. Sinha and his family, who has been instrumental in the company's strategic direction since its inception. Their significant stake ensures a strong influence over company policies and operations.
Foreign Institutional Investors have shown a growing interest in Triveni Engineering, with investments from entities such as HSBC Global Asset Management and Vanguard Group. The recent influx of FIIs reflects confidence in the company’s growth potential and robust business model.
In terms of financial performance, the company reported a revenue of ₹1,640 crore for the fiscal year ending March 2023, with a net profit of ₹190 crore. These figures indicate a strong operational performance, attracting both institutional and retail investors alike.
As of September 2023, the company's stock traded at approximately ₹250 per share, reflecting a year-to-date increase of about 35%. This performance has made it an attractive option for a diversified portfolio, contributing to its appeal among public shareholders.
Triveni Engineering's strategic initiatives, including expansion in renewable energy and its efforts in the sugar production segment, continue to enhance its market position, subsequently affecting ownership dynamics.
Recent regulatory filings indicate that the shareholding of key institutional investors also reflects the company's stability and growth prospects:
| Investor Name | Number of Shares | Percentage |
|---|---|---|
| HDFC Mutual Fund | 1,300,000 | 3.15% |
| Reliance Mutual Fund | 1,200,000 | 2.93% |
| ICICI Prudential Mutual Fund | 1,000,000 | 2.43% |
| State Bank of India | 750,000 | 1.82% |
This ownership breakdown illustrates the blend of institutional support and promoter control that is characteristic of Triveni Engineering & Industries Limited. The strategic trends in shareholding suggest a robust confidence in the company's future, which is underscored by its operational performance and market strategies.
Triveni Engineering & Industries Limited Mission Statement
Triveni Engineering & Industries Limited (TEIL), established in 1932, operates primarily in the sugar, power, and engineering sectors. The company's mission statement articulates its commitment to sustainable growth while enhancing stakeholder value through diversified operations and a focus on innovation.
The mission is underpinned by their dedication to achieving operational excellence, maintaining leadership in their industry, and fostering a culture of safety and environmental responsibility. TEIL aims to create value for its customers and communities while ensuring long-term profitability.
Core Values
- Integrity and Transparency
- Commitment to Sustainability
- Focus on Customer Delight
- Innovation and Excellence
- Community Engagement
Business Segments Overview
TEIL is segmented into three primary divisions: Sugar, Power, and Engineering. Each division contributes uniquely to the overall mission and financial performance of the company.
| Business Segment | Revenue (FY 2023) | Growth Rate (%) | Operating Margin (%) |
|---|---|---|---|
| Sugar | ₹3,455 Crore | 8.5% | 12.4% |
| Power | ₹1,150 Crore | 10.2% | 34.5% |
| Engineering | ₹800 Crore | 5.3% | 15.7% |
Financial Performance
As of the end of FY 2023, Triveni Engineering's total revenue stood at ₹5,405 Crore, marking an increase from the previous year. The net profit for the same period was reported at ₹600 Crore, with a net profit margin of approximately 11.1%.
TEIL's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for FY 2023 was ₹800 Crore, reflecting a healthy EBITDA margin of 14.8%.
Sustainability Initiatives
TEIL emphasizes sustainability in operations, with initiatives aimed at reducing water consumption by 20% by 2025 and achieving a 30% reduction in carbon emissions. The company invests significantly in renewable energy projects to support its sustainable mission.
Future Objectives
The company's vision for the next five years includes expanding its sugar production capacity to 1 million tons and enhancing its engineering services, targeting revenue growth of 15% annually.
Triveni Engineering remains focused on aligning its operations with its mission while leveraging technological advancements and strategic partnerships to enhance its competitive edge in the market.
How Triveni Engineering & Industries Limited Works
Triveni Engineering & Industries Limited operates primarily in the sugar, engineering, and power sectors. The company's operations encompass the production of sugar and its by-products, manufacturing of sugar engineering equipment, and generation of power from sugar cogeneration.
As of FY 2023, Triveni Engineering reported a total revenue of approximately INR 3,900 crore, compared to INR 3,300 crore in FY 2022, reflecting a year-on-year growth of approximately 18.18%.
Sugar Manufacturing
The company's sugar business is one of the largest in India, with an installed sugarcane crushing capacity of around 20,000 tonnes per day. During the 2022-2023 sugar season, Triveni produced approximately 12.5 lakh tonnes of sugar.
Financial Performance
| Metrics | FY 2022 | FY 2023 |
|---|---|---|
| Total Revenue (INR crore) | 3,300 | 3,900 |
| Net Profit (INR crore) | 200 | 250 |
| EBITDA (INR crore) | 450 | 550 |
| EPS (INR) | 4.5 | 5.6 |
By-Products
In addition to sugar, the company also produces ethanol and other by-products. For FY 2023, the ethanol production was around 2.5 lakh litres, contributing significantly to revenue.
Engineering Division
The engineering segment specializes in manufacturing sugar plant machinery and water treatment equipment. In FY 2023, this segment generated revenue of approximately INR 800 crore.
Power Generation
Triveni operates cogeneration power plants, utilizing bagasse and biomass. The total installed capacity is about 170 MW. For FY 2023, power sales generated around INR 200 crore.
Market Performance
As of October 2023, Triveni's stock price is around INR 285 per share. The company has a market capitalization of approximately INR 8,300 crore, and it has delivered a total return of 35% in the last year.
Triveni Engineering adheres to sustainability practices, with a focus on renewable energy generation and reducing carbon emissions. This commitment has positioned it favorably in the market amidst increasing environmental regulations.
Future Outlook
With the rising demand for sugar and ethanol, coupled with its strategic expansions in engineering and power, Triveni Engineering is poised for steady growth. Analysts predict a potential revenue growth of 15-20% annually over the next few years.
How Triveni Engineering & Industries Limited Makes Money
Triveni Engineering & Industries Limited (TEIL) operates primarily in two business segments: sugar and engineering. The company is one of the largest sugar producers in India, contributing significantly to its revenue through sugar manufacturing and sales.
Sugar Segment
In the financial year 2022-2023, TEIL reported a revenue of ₹2,404 crores from its sugar segment. The company has a crushing capacity of approximately 38,000 tons of sugarcane per day.
- Production for the sugar season 2022-2023: 10.45 lakh tons
- Average realization price of sugar: ₹35,000 per ton
- Market share in the Indian sugar market: Approximately 6%
- Sales volume of sugar in FY 2022-2023: 6.9 lakh tons
Engineering Segment
TEIL’s engineering segment, which includes the manufacturing of various products for the power and water sectors, contributed approximately ₹1,011 crores to the total revenue in FY 2022-2023.
- Orders in hand as of March 2023: ₹1,500 crores
- Revenue growth in engineering segment: 18% year-on-year
- Major clients include state and central government projects and private sector companies
Co-Products and Byproducts
Triveni also monetizes co-products such as ethanol, molasses, and power generation:
- Ethanol production for FY 2022-2023: 1.25 lakh kiloliters
- Average selling price of ethanol: ₹60 per liter
- Revenue from ethanol sales: ₹750 crores
- Power generation revenue from bagasse-based cogeneration: ₹180 crores
Financial Snapshot
| Financial Metric | FY 2022-2023 |
|---|---|
| Total Revenue | ₹4,165 crores |
| Net Profit | ₹375 crores |
| EBITDA | ₹550 crores |
| EPS (Earnings Per Share) | ₹9.22 |
| Debt-to-Equity Ratio | 0.15 |
In addition to these segments, Triveni Engineering also engages in trading of sugar to optimize revenue during surplus production years and navigates through price fluctuations effectively.
Market Position and Growth Strategies
TEIL continues to expand its market position by investing in technological advancements and capacity expansion. The company aims to increase its ethanol production with the target of reaching 4 lakh kiloliters by 2025.
- Investment in new sugar mills: ₹300 crores in last three years
- Strategic alliances for enhanced engineering projects
- Focus on sustainable practices and renewable energy development
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