Buy Triveni Turbine; target of Rs 830: Motilal Oswal

Motilal Oswal is bullish on Triveni Turbine recommended buy rating on the stock with a target price of Rs 830 in its research report dated November 12, 2024.

Broker Research

November 13, 2024 / 21:18 IST

Buy

26 Aug, 2025 12:21

Volume

Todays L/H

Motilal Oswal's research report on Triveni Turbine

Triveni Turbine (TRIV)’s 2QFY25 results exceeded our expectations on both the revenue and profitability front. The company reported a revenue/EBITDA/PAT growth of 29%/50%/41% YoY in 2QFY25. Domestic order inflows grew 4% YoY, as inquiry generation in the preceding two quarters was impacted by elections. Export ordering growth continued to be robust at 50% YoY. Domestic order inflow pipeline will see an uptick in ensuing quarters with healthy inquiries from distilleries, municipal solid waste, cement, steel, process co-generation, chemicals, petchem, etc.

Outlook

We maintain our revenue estimates while increasing our margin estimates for FY25, based on 1HFY25 performance and order book mix. We reiterate our BUY rating with an unchanged TP of INR830, based on 48x two-year forward earnings.

For all recommendations report, click here