Triveni Turbine - ‘Spinning’ Fortune: Centrum Broking Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Centrum Broking Report.Triveni Turbine Ltd., a renowned player in the 0-30 mega watt industrial steam turbines, enjoys leadership position in India (50% market share) and is the second largest globally (20% market share). Technology driven, customised and engineered product offering gives it a key edge, ably supported by large exports (43% of total sales over FY16-22) and highly profitable after-market services (25% of total sales over FY16-22). This aided Triveni Turbine to maintain superlative financial metrics over the past decade despite domestic capex slowdown, which impacted growth (less than 3% compound annual growth rate in revenue/profit before tax over FY13-22). The order inflow momentum has seen a sharp upsurge since FY22 led by revival in industrial capex in India, rising renewable and waste-to-energy capex in Europe, and process co-gen and biomass driven capex in South East Asia. The renewed capex cycle will act as a key catalyst for Triveni Turbine’s growth (FY22-25E revenue/earnings CAGR at 24%/56%), further accentuating its superior financial franchise. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Triveni Turbine - ‘Spinning’ Fortune: Centrum Broking Initiates Coverage

Tech driven, customised, engineered product offering gives it a key edge, ably supported by large exports, after-market services.

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