Accumulate Triveni Turbine, target price Rs 220: Geojit

Geojit has accumulate call on Triveni Turbine with a target price of Rs 220. The current market price of Triveni Turbine is Rs 200.35. Time period given by analyst is one year when Triveni Turbine Ltd. price can reach defined target.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6470.96 Crore) operating in Engineering sector.

Triveni Turbine Ltd. key Products/Revenue Segments include Turbines, Spares And Others, Sale of services, Export Incentives, Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 266.49 Crore, up 9.07 % from last quarter Total Income of Rs 244.32 Crore and up 40.55 % from last year same quarter Total Income of Rs 189.61 Crore. Company reported net profit after tax of Rs 38.33 Crore in latest quarter.


Investment Rationale
TTL’s entry into the API segment and turbines of more than 30MW with increasing export orders would aid the profitability going forward.