Motilal Oswal Maintains Buy Recommendation for Triveni Turbine with Target Price of Rs 660
Motilal Oswal Reiterates Buy Rating for Triveni Turbine
Triveni Turbine (TRIV) continues to benefit from domestic ordering from steel, cement, and process industries, as well as thermal power. The company has also seen an increase in international ordering in 4QFY26. In addition, Triveni Turbine is working on new technologies and tech tie-ups to enter into newer areas.
Our analysis suggests that the company will see faster finalization of export orders for products and refurbishment beyond 1QFY27. As a result, we have tweaked our estimates marginally by 1%/2% for FY27/28. We have also rolled forward our target price to Jun'28.
Key Statistics
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| Fiscal Year | Estimated Earnings | P/E Ratio |
|---|---|---|
| FY27E | - | 42.5x |
| FY28E | - | 36.4x |
The stock currently trades at 42.5x/36.4x on FY27E/FY28E earnings. However, we revise our target price to INR660 (from INR615) on a roll forward to 40x Jun'28E earnings.
Recommendation
We reiterate our BUY rating for Triveni Turbine with a revised target price of INR660.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should consider buying Triveni Turbine with a target price of Rs 660.
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