Triveni Engineering and Industries Limited (TRIVENI) AI Stock Analysis

Triveni Engineering and Industries Limited

(NSE:TRIVENI)

Select Model

Rating:52Neutral

Price Target:INR 259.00▲(14.73% Upside)

Action:reiterated

Date:10/02/26

The score is mainly constrained by weak financial quality driven by poor cash conversion and negative free cash flow, alongside a clearly bearish technical trend (price below key moving averages and negative MACD). Offsetting factors include strong reported top-line growth, moderate leverage, and a reasonable P/E with a modest dividend yield.

Positive Factors

Integrated diversified business modelThe integrated model monetizes multiple outputs from the sugarcane value chain while adding engineering revenue streams. This diversification can reduce reliance on sugar alone, support better resource utilization, and provide more durable earnings resilience across business cycles.

Negative Factors

Weak and volatile cash conversionReported profitability is not translating efficiently into cash, with weak operating conversion and negative free cash flow after prior weak periods. Persistent pressure from working capital or capital spending could constrain internal funding, debt reduction, and shareholder returns.

Triveni Engineering and Industries Limited (TRIVENI) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 49.65B
Dividend Yield: 1.22%
Average Volume (3M): 58.21K
Price to Earnings (P/E): 17.6
Beta (1Y): 1.17
Revenue Growth: 4.78%
EPS Growth: 29.94%
Country: India
Employees: 3,081
Sector: General
Sector Strength: 55
Industry: Food Confectioners

Triveni Engineering and Industries Limited Business Overview & Revenue Model

Company Description

Triveni Engineering & Industries Limited (TEIL), an Indian company founded in 1932 and headquartered in Noida, operates both domestically and internationally across its extensive sugar and engineering divisions. Within its sugar segment, TEIL is a si...

How the Company Makes Money

TRIVENI makes money through multiple revenue streams across its sugar-led businesses and its engineering segment. (1) Sugar and sugar-related sales: A significant portion of revenue comes from manufacturing and selling sugar produced from sugarcane....

Triveni Engineering and Industries Limited Financial Statement Overview

Summary

Strong reported revenue growth (FY2026 up ~188% YoY) and moderate leverage (debt-to-equity ~0.65) are positives, but quality is held back by margin compression versus FY2025 and very weak cash conversion. Free cash flow is negative in FY2026 (-0.73B) and operating/free cash flow has been volatile across recent years despite profitability, raising concerns about working capital and/or capex pressure.

Income Statement

64Positive

Balance Sheet

66Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	62.73B	62.90B	56.62B	52.09B	55.75B	41.84B
Gross Profit	12.33B	10.89B	12.91B	14.01B	12.97B	11.69B
EBITDA	5.85B	6.08B	5.34B	6.89B	21.14B	7.09B
Net Income	2.81B	2.69B	2.43B	3.95B	17.92B	4.24B
Balance Sheet
Total Assets	0	65.21B	62.42B	51.18B	44.54B	42.97B
Cash, Cash Equivalents and Short-Term Investments	703.40M	672.90M	468.70M	840.88M	796.32M	249.87M
Total Debt	0	21.61B	19.80B	14.24B	9.29B	15.75B
Total Liabilities	-33.43B	31.78B	30.83B	22.17B	17.89B	23.85B
Stockholders Equity	33.43B	33.43B	31.11B	29.01B	26.65B	19.13B
Cash Flow
Free Cash Flow	13.70B	-727.30M	-4.64B	-2.56B	1.62B	-4.67B
Operating Cash Flow	14.85B	1.10B	-1.64B	1.00B	3.97B	-1.73B
Investing Cash Flow	-1.08B	-1.84B	-3.48B	-3.59B	14.14B	-2.57B
Financing Cash Flow	-13.34B	834.00M	4.77B	2.63B	-17.62B	4.42B

Triveni Engineering and Industries Limited Technical Analysis

Technical Analysis SentimentNegative

Last Price225.75

Price Trends

50DMA254.53Negative

100DMA256.14Negative

200DMA244.04Negative

Market Momentum

MACD-6.05Positive

RSI39.17Neutral

STOCH19.73Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIVENI, the sentiment is Negative. The current price of 225.75 is below the 20-day moving average (MA) of 238.75, below the 50-day MA of 254.53, and below the 200-day MA of 244.04, indicating a bearish trend. The MACD of -6.05 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 19.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TRIVENI.

Triveni Engineering and Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TRIVENI against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BANARISUG	64Neutral	INR 38.94B	31.93	―	0.40%	-7.59%	7.28%
IN:BALRAMCHIN	63Neutral	INR 124.82B	32.13	―	0.59%	14.99%	-11.46%
IN:DALMIASUG	58Neutral	INR 32.00B	15.68	―	1.51%	-5.44%	-44.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TRIVENI	52Neutral	INR 49.75B	17.61	―	1.22%	4.78%	29.94%
IN:BAJAJHIND	46Neutral	INR 41.26B	21.02	―	―	-1.93%	―
IN:RENUKA	40Underperform	INR 36.93B	-4.74	―	―	-2.60%	-96.37%

* General Sector Average

Performance Comparison

IN:TRIVENI and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TRIVENI	Triveni Engineering and Industries Limited	225.75	6.32	2.88%
IN:BAJAJHIND	Bajaj Hindusthan Sugar Limited	17.27	-5.19	-23.11%
IN:BALRAMCHIN	Balrampur Chini Mills Ltd	589.90	131.82	28.78%
IN:BANARISUG	Bannari Amman Sugars Limited	3105.00	-468.87	-13.12%
IN:DALMIASUG	Dalmia Bharat Sugar & Industries Ltd.	395.40	70.32	21.63%
IN:RENUKA	Shree Renuka Sugars Limited	17.35	-12.34	-41.56%

Triveni Engineering and Industries Limited Corporate Events

Triveni Engineering Certifies Fractional Share Proceeds in Composite Merger Scheme

Sep 16, 2026

Triveni Engineering & Industries Limited, a diversified industrial and engineering company listed on BSE and NSE, has undertaken a composite scheme of arrangement involving the merger of Sir Shadi Lal Enterprises Ltd. and restructuring linked to...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 02, 2026

Triveni Engineering and Industries Limited AI Stock Analysis