Triveni Engineering & Industries Ltd. share price target

Triveni Engineering & Industries (TEIL) has approved a composite scheme of arrangement among Triveni Engineering & Industries (TEIL), Sir Shadi Lal Enterprises (SSEL) and Triveni Power Transmission business (PTB). Under the scheme, for every 137 equity shares of SSEL of a face value of Rs. 10 each will receive 100 equity shares of face value of Rs. 1 each of TEIL.

Triveni Engineering and Industries Ltd’s (TEIL’s) Q2FY2025 performance was affected by a decline in profitability of sugar and alcohol divisions, resulting in a 93% y-o-y decline in EBIDTA; it registered loss of Rs. 22.4 crore.

TRIVENI is primarily an integrated sugar manufacturing company, but it also engages in the production of high-speed gears and project implementation in the fields of water and wastewater treatment and pollution control.

High sugar prices; distillery volumes boost profits in India with sugar crushing capacity of 60,000 TCD, distillery capacity of 320 KLD & co-generation power of 100 MW. It also has power transmission & waste water management business contributing 10% to revenues. The company is increasing its distillery capacity from current 11 crore litre per annum to 22 crore litre per annum by FY24 to utilise B-heavy, grain & sugarcane juice route to produce ethanol...

Distillery expansion, surging sugar prices to drive PAT in India with sugar crushing capacity of 60,000 TCD, distillery capacity of 320 KLD & co-generation power of 100 MW. It also has power transmission & waste water business contributing 10% to revenues. The company is increasing its distillery capacity from current 11 crore litre per annum to 22 crore litre per annum by FY24 to utilise B-heavy, grain & sugarcane juice route to produce ethanol...

Registered Office:Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020,...

The engineering business has recovered considerably in Q2FY21 with gear and water business witnessing 12% & 6% sales decline, respectively. We expect 10% decline in engineering business revenue in FY21E & 22% growth in FY22E with speedy execution of existing orders. The current order book in gear & water business is at | 149 crore & | 875 crore, respectively. Further,...

Registered Office:Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020,...

Registered Office:Rukmini Towers, 3rd& 4th Floor, # 3/1, Platform Road, Sheshadripuram, Bangalore - 560 020,...

With the first year of operation of new 100 KLD distillery, the company was able to sell 8.5 crore litre of ethanol/ENA in FY20. With the ramping up of utilisation, we expect 24% increase in ethanol offtake by OMCs. Moreover, with higher proportion of B heavy ethanol, distillery realisation would also improve. We expect distillery revenue to grow at 14.4% CAGR to | 512 crore. This coupled with expected hike in MSP by | 2/kg would lead to earnings growth of 11.7% CAGR to | 418.5 crore by FY22E....

The company is holding 4.76 lakh tonnes of sugar at | 30.4/kg whereas current sugar prices are prevailing at | 33.5/kg, translating to | 140 crore sugar profits siting in inventory. With the 1.5 lakh tonnes of exports & 0.9 lakh tonnes of monthly sales quota for January, February & March each, Triveni is expected to sell close to 4 lakh tonnes of sugar in Q4FY20. We expect sugar inventory reduction of more than 1 lakh tonnes in FY20E vis-vis FY19. This would result in cash flow from operations of | 680 crore in FY20E. Moreover, we expect higher monthly sales quota for UP sugar mills till the start of crushing season 2020-21. This would result in further...