Triveni Engineering & Industries Limited (TRIVENI) fair value: what the stock is really worth
As of Oct 7, 2026: fair value of Triveni Engineering & Industries Limited ₹202, price ₹245, upside -17.7%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹155.24 – ₹501.87 · fair‑value band ₹196.26 – ₹254.73 · the ₹245.13 price screens above the ₹201.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Triveni Engineering & Industries Limited engages in the sugar and allied businesses, and engineering businesses in India and internationally.
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Triveni Engineering & Industries Limited engages in the sugar and allied businesses, and engineering businesses in India and internationally. The company is involved in the production of refined sugar, multi-grade white crystal sugar, pharmaceutical-grade sugar, potable alcohol, fuel-ethanol, and power from bagasse; production of alcohol/ethanol using molasses; sale of surplus molasses and bagasse; operation of distilleries; and production of ethanol, extra neutral alcohol, and potable liquor. It also engages in the manufacture of low-speed gears and gear boxes covering supply to OEMs, after-market services, and retrofitment of gearboxes; EPC contracts, equipment supply, hybrid annuity model projects, and operations and maintenance contracts; operation of fuel stations; and retail of diesel/petrol. In addition, the company provides steam and gas turbines, centrifugal compressors, reciprocating compressors, centrifugal pumps, fans and blowers, and hydel turbines; propulsion gearboxes, propulsion shafting, fin stabilisers, special application pumps; water and wastewater treatment and network management, municipal wastewater/sewage/common effluent treatment plant, desalination for seawater and brackish water, recycle and reuse, and zero liquid discharge; and operations and maintenance, annual maintenance contracts, product and process audits, health check-ups, upgradation of existing plants, spares and service, and on-site support services. It serves refineries, coal, sand processing plant, non-ferrous industries, oil and gas, thermal power plants, steel plants, sugar and allied industries, and desalination industries. Triveni Engineering & Industries Limited was incorporated in 1932 and is headquartered in Noida, India.
Stock analysis
Triveni Engineering & Industries Limited (TRIVENI) currently trades at ₹245.13, while our model-based Fair Value estimate is ₹201.66, 17.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹226.65 per share, and 4 of the 15 models we run sit above the ₹245.13 price.
Bear case: the Asset-Based group reads lowest at ₹101.64, and 11 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹196.26 (bear) to ₹254.73 (bull), the price of ₹245.13 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Triveni Engineering & Industries Limited reported revenue of ₹62.9B in FY2026 versus ₹41.8B in FY2022, a compound +10.7%/yr. Reported net income was ₹2.7B in FY2026, compounding −10.8%/yr from FY2022.
Key figures
Market cap ₹54.0B (≈ $558M) · P/E ratio 19.4 · P/S ratio 0.83 · EPS (TTM) ₹12.65 · Dividend yield 1.1% · Net margin 4.3% · Return on equity 8.3% · Return on assets (EBIT) 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 49% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −38% fair-value upside, at −18%, TRIVENI screens cheaper than that median.
Fair Value models
Bear ₹196.26Fair Value ₹201.66Bull ₹254.73
Price ₹245.13 · Upside -17.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹5.18 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income₹119.14₹124.46₹137.4676
Owner Earnings₹127.68₹205.27₹316.6175
EPV₹100.45₹115.70₹128.4174
All 15 models by family
DCF Models
Owner Earnings₹127.68₹205.27₹316.6175
Earnings-Based
Graham-Dodd₹82.92₹324.78₹440.7964
Lynch FV₹79.98₹114.26₹148.5361
PEG = 1.0₹79.98₹114.26₹148.5357
EPV₹100.45₹115.70₹128.4174
Multiples
P/E Multiple₹192.06₹256.07₹320.0963
P/S Multiple₹155.47₹207.30₹259.1258
P/B Multiple₹155.47₹207.30₹259.1255
EV/EBIT₹222.07₹299.89₹377.7166
EV/EBITDA₹230.92₹311.70₹392.4767
EV/Revenue₹155.24₹226.65₹298.0653
Asset-Based
NCAV (Graham)₹75.85₹101.64₹151.7054
Economic Profit
Residual Income₹119.14₹124.46₹137.4676
ROIC Compounder₹100.45₹115.70₹128.4172
Growth Earnings
Growth-Adj P/E₹142.72₹203.89₹265.0667
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+11.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
Start year 2021 (pandemic). Over 10 years: +12.6% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.4%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.4% vs 2.2%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 6%
Compare Triveni Engineering & Industries Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Confectioners · 81 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−17.7% · Below median
Profitability
Return on equity (TTM)8.3% · Above median
Return on assets4.0% · Above median
Net margin (TTM)4.3% · Above median
Operating margin (TTM)1.4% · Below median
Growth and dividend
Revenue growth−1.1% · Below median
Dividend yield (TTM)1.1% · Bottom 25%
Balance sheet
Debt / equity0.10× · Below median
Valuation Multiplesvs Confectioners median · lower = cheaper
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Is Triveni Engineering & Industries Limited (TRIVENI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹201.66 versus a price of ₹245.13, about −18% upside (overvalued).
What is the fair value of TRIVENI?
Our model-based fair value for Triveni Engineering & Industries Limited is ₹201.66 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹245.13.
What is the quality score of TRIVENI?
Triveni Engineering & Industries Limited has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Triveni Engineering & Industries Limited (TRIVENI)?
Our model-based price target is the fair value of ₹201.66 (as of Oct 3, 2026) from 15 valuation models. Cautious scenario ₹196.26, optimistic scenario ₹254.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Triveni Engineering & Industries Limited stock forecast for 2026?
Our models put fair value at ₹201.66, about −18% upside versus a price of ₹245.13 (overvalued). Cautious scenario ₹196.26, optimistic scenario ₹254.73. The calculation is refreshed regularly with new filings.
What is the revenue of Triveni Engineering & Industries Limited (TRIVENI)?
Triveni Engineering & Industries Limited reported trailing-twelve-month revenue of about ₹63.2B (latest available figure, as of Oct 3, 2026).
Does Triveni Engineering & Industries Limited pay a dividend?
Triveni Engineering & Industries Limited currently shows a dividend yield of about 1.12% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Triveni Engineering & Industries Limited (TRIVENI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Triveni Engineering & Industries Limited it is ₹201.66 per share (as of Oct 3, 2026), against a price of ₹245.13. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Triveni Engineering & Industries Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, TRIVENI trades above its calculated fair value: price ₹245.13, fair value ₹201.66, a gap of about −18% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TRIVENI?
No. The price is what the market pays today (₹245.13); the fair value is what the company's own numbers justify (₹201.66). For Triveni Engineering & Industries Limited the two are ₹43.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Triveni Engineering & Industries Limited worth?
The market values Triveni Engineering & Industries Limited at about ₹54.0B (market capitalisation, as of Oct 3, 2026). Per share that is ₹245.13; our models calculate a fair value of ₹201.66 per share.
What do the bullish and bearish scenarios say about TRIVENI?
Our models span a range for Triveni Engineering & Industries Limited: cautious scenario ₹196.26, base ₹201.66, optimistic ₹254.73 per share (as of Oct 3, 2026, price ₹245.13). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRIVENI?
Triveni Engineering & Industries Limited trades at a price-to-earnings ratio of 19.4 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹201.66 is built from several models across several years. Other multiples: P/B 1.6, P/S 0.9, EV/EBITDA 9.9.
How solid is the balance sheet of Triveni Engineering & Industries Limited (TRIVENI)?
Balance-sheet figures for Triveni Engineering & Industries Limited (as of Oct 3, 2026): return on equity 8.3%, debt of 0.10 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is TRIVENI from its 52-week high?
Triveni Engineering & Industries Limited trades at ₹245.13, about 49% below its 52-week high of ₹477.15 and 11% above the low of ₹221.50 (as of Oct 7, 2026). Distance from the high says nothing about value: that is what the fair value of ₹201.66 is for.
Which stocks are comparable to Triveni Engineering & Industries Limited?
From the same area (Consumer Defensive) we also value Mondelez International, Inc, The Hershey Company, Chocoladefabriken Lindt & Sprüngli AG, Barry Callebaut AG, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Triveni Engineering & Industries Limited stock attractive at the current price?
The data as of Oct 3, 2026: price ₹245.13, calculated fair value ₹201.66 (−18%), Quality Score 46/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TRIVENI calculated?
We run Triveni Engineering & Industries Limited through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹201.66, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.3 % above its aggregate fair value. Triveni Engineering & Industries Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Triveni Engineering & Industries Limited (TRIVENI)?
The closing price on Oct 7, 2026 was ₹245.13. Our model-based fair value is ₹201.66, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Triveni Engineering & Industries Limited right now?
Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Triveni Engineering & Industries Limited
How large is the market capitalisation of Triveni Engineering & Industries Limited (TRIVENI)?
The market capitalisation of Triveni Engineering & Industries Limited is ₹54.0B (≈ $558M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Triveni Engineering & Industries Limited (TRIVENI)?
The price-to-sales ratio of Triveni Engineering & Industries Limited is 0.83 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Triveni Engineering & Industries Limited (TRIVENI)?
Earnings per share at Triveni Engineering & Industries Limited are ₹12.65 (price ÷ EPS = P/E 19.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Triveni Engineering & Industries Limited (TRIVENI)?
The dividend yield of Triveni Engineering & Industries Limited is 1.1% (payout 21.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Triveni Engineering & Industries Limited (TRIVENI)?
The net margin of Triveni Engineering & Industries Limited is 4.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Triveni Engineering & Industries Limited (TRIVENI)?
The return on equity (ROE) of Triveni Engineering & Industries Limited is 8.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Triveni Engineering & Industries Limited (TRIVENI)?
On an EBIT basis the return on assets of Triveni Engineering & Industries Limited is 9.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Triveni Engineering & Industries Limited (TRIVENI)?
The operating margin of Triveni Engineering & Industries Limited is 1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Triveni Engineering & Industries Limited (TRIVENI)?
Revenue at Triveni Engineering & Industries Limited is growing −1.1% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Triveni Engineering & Industries Limited (TRIVENI)?
Earnings per share at Triveni Engineering & Industries Limited are growing −15.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Triveni Engineering & Industries Limited (TRIVENI) generate?
The free cash flow of Triveni Engineering & Industries Limited is −₹727M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Triveni Engineering & Industries Limited (TRIVENI) carry?
The net debt of Triveni Engineering & Industries Limited is ₹20.9B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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