Triveni Turbine Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹19,687 Cr
- Book Value
- ₹45.5
- Stock P/E
- 54.5
- Dividend Yield
- 0.65%
- ROE
- 27.1%
- ROCE
- 35.9%
- PEG Ratio
- 2.02
- EV/EBITDA
- 37.0
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Triveni Turbine share price today
Triveni Turbine (NSE: TRITURBINE) is the world’s #2 maker of industrial steam turbines under 100MW — the workhorse machines that turn process heat into power at sugar mills, cement plants, waste-to-energy sites, biomass projects and distilleries across 80+ countries. The niche is deliberately below the giants’ radar (Siemens plays above 100MW) and above commodity fabricators’ competence — engineering-intensive, reference-driven, and globally consolidating toward two players.
The economics: 35.9% ROCE, net cash, 26.9% five-year profit CAGR, with the aftermarket annuity (spares, refurbishments on a global installed base of thousands of turbines) smoothing equipment cycles. At 54.5×, our universe tags it wait — a world-class niche fully aware of itself.
Heat into power, orders into annuities
Every turbine sold seeds decades of aftermarket revenue — refurbishment contracts increasingly include other makers’ machines (a share-gaining service play). Demand stacks: industrial cogeneration (energy-cost math), waste-to-energy and biomass (policy-backed globally), and API-driven exports now over half of order booking. Net cash funds R&D into higher-efficiency and geothermal/CO₂-adjacent designs.
Watch-items: export order momentum (the growth engine), aftermarket mix percentage, competition from the global #1 (Siemens Energy’s small-turbine arm), and commodity-steel input costs on fixed-price contracts.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹19,687 Cr |
| P/E (TTM) | 54.5 |
| EV/EBITDA | 37.0 |
| Operating margin | 20.6% |
| ROE / ROCE | 27.1% / 35.9% |
| Debt to equity | 0.02 (net cash) |
| Sales CAGR (5y) | 25.4% |
| Profit CAGR (5y) | 26.9% |
| Promoter holding | 55.8% |
| EPS (TTM) | ₹11.36 |
Triveni Turbine share price target 2026 to 2030
EPS base ₹11.36 (TTM). Bear: industrial capex cools globally — 10% growth, multiple at 30×. Base: exports and aftermarket compound — 16% growth at 42×. Bull: energy-transition cogeneration accelerates — 22% growth at 54×.
| Year | Bear (30×, +10%) | Base (42×, +16%) | Bull (54×, +22%) |
|---|---|---|---|
| 2026 | ₹375 | ₹553 | ₹748 |
| 2027 | ₹412 | ₹642 | ₹913 |
| 2028 | ₹454 | ₹745 | ₹1,115 |
| 2029 | ₹499 | ₹864 | ₹1,360 |
| 2030 | ₹549 | ₹1,000 | ₹1,660 |
From ₹619, the base case is ≈ +62% over four and a half years plus a 0.65% yield; the bear is −11%. Global-niche duopolies at 55× reward only disciplined entries — the range below supplies the discipline.
Reasons to own Triveni Turbine (at the right price)
- Global #2 in a two-player niche — reference lists are the barrier.
- Aftermarket annuity on thousands of installed turbines worldwide.
- Net cash with 36% ROCE — growth funds itself.
- Waste-to-energy and biomass demand is policy-backed on every continent.
- Refurbishing competitors’ turbines converts their installed base into Triveni revenue.
The risks: 54× prices continued export momentum, the global #1 competes hard in overlapping bands, and industrial capex cycles set the equipment tempo.
Should you buy at the current price?
The live buy range below is for members — the niche champion at a fair toll.
FAQ
What is the Triveni Turbine share price target for 2030? Base case ≈ ₹1,000 (42× on 16% compounded growth), bear ≈ ₹549, bull ≈ ₹1,660. Arithmetic above.
Who buys sub-100MW steam turbines? Process industries with heat to spare — sugar, cement, paper, chemicals, distilleries — plus waste-to-energy and biomass power projects worldwide. Cogeneration economics sell themselves when energy prices rise.
Why is the aftermarket so valuable? Turbines run for decades and need periodic refurbishment; captive spares and service revenue carries software-like margins and smooths the order cycle — and Triveni services rivals’ machines too.
When are Triveni Turbine’s next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.