Triveni Engineering and Industries Ltd is an integrated and diversified conglomerate in areas of sugar, ethanol, and engineering, located strategically in the sugarcane-rich western and central belt of UP. The company is among the Top 3 manufacturers in India for sugar & second highest supplier for ethanol. As of May 2025, the company has a market cap of ₹8,066 Crore.
Triveni Engineering and Industries Limited is an India-based company that is engaged in sugar manufacturing, and engineering businesses, covering power transmission, water and wastewater treatment solutions, and defense sectors. The Company's segments include Sugar and Allied Businesses, and Engineering Businesses.
It manufactures white crystal sugar, having approximately seven manufacturing plants situated in the state of Uttar Pradesh. The company has seven sugar mills in operation at Khataull, Deoband, Sabitagarh, Chandanpur, Raninagal, Milak Naraipur, and Ramkola in Uttar Pradesh. The Company uses molasses produced in manufacture of sugar as the principal raw material in production of ethanol and extra neutral alcohol.
Its power transmission business is focused on high speed and niche low speed gears and gear boxes covering supply to original equipment manufacturers (OEMs), after market services and retro fitment of gearboxes, catering to the requirement of power sector, other industrial segments, and defense. They are having turbine manufacturing and gear manufacturing facilities at Bangalore and Mysore and water & waster water treatment business is located at Noida.
The company is also having two co-generation power plants located at their major facilities, namely Khatauli (46 MW) & Deoband (22 MW) and a 160,000 litre per day capacity distillery at Muzaffarnagar.
Triveni Engineering and Industries Ltd's net profit jumped 13.64% since last year same period to ₹183 Crore in Q4 FY2024-2025. Revenue: ₹1,629.29 Crore as on March 2025 (Q4 FY25). Net Profit: ₹187.12 Crore as on March 2025 (Q4 FY25). The company announced a ₹2.50 dividend per share, and shares surged 10% following the positive earnings report and favorable sugar price outlook.
Net revenue from operations, excluding excise duty, rose by 9% year-on-year to ₹5,689.2 Crore, supported by stronger performance across the Sugar, Alcohol, and Power Transmission segments. However, profit after tax declined 39.7% year-on-year to ₹238.3 Crore. EBITDA for the year declined sharply by 22.5%, falling to ₹533.8 Crore, as input costs and operating pressures weighed on margins. The EBITDA margin contracted significantly, slipping to 9.4% from 13.2% in the previous fiscal year.
- Revenue (FY25): ₹5,689.2 Crore
- Net Profit (FY25): ₹238.3 Crore
- Q4 FY25 Revenue: ₹1,629.29 Crore
- Q4 FY25 Net Profit: ₹187.12 Crore
- Market Cap (May 2025): ₹8,066 Crore
- Dividend (FY25): ₹2.50 per share
The PE and PB ratio of Triveni Engineering & Industries is 43.18 and 3.18 respectively, as on May 28, 2025. 52-week high stock Price of Triveni Engineering & Industries is ₹536.00 and Low Price is ₹267.50 as on May 28, 2025. 80% of analysts recommend a 'BUY' rating for Triveni Engineering and Industries Ltd.
Chairperson Name: Dhruv M Sawhney. The company's board approved the reappointment of Dhruv M. Sawhney as Managing Director (designated as Chairman & Managing Director) for a further five-year term, effective from March 31, 2025, to March 30, 2030, subject to shareholder approval via a special resolution. Promoter holding in Triveni Engineering and Industries Ltd has gone up to 60.98% as of March 2025.
Triveni Engineering, a major sugar manufacturer, reported a 16% decline in sugar sales for FY24, totaling 855,000 tons. In Q3 FY25, the company reported a modest revenue increase of 3.6% to ₹4,060 Crore, yet profitability was hindered by lower margins, particularly in the Sugar segment, where challenges such as subdued prices and adverse weather conditions impacted production.
Despite these challenges, management remains cautiously optimistic about the long-term potential of the sugar and ethanol markets, bolstered by government support and rising prices. Strategic initiatives, including the amalgamation of subsidiaries and significant capital investments in the Gears and Power Transmission sectors, aim to enhance capacity and market share.
The company remains well-positioned in the sugar and ethanol industry with its strategic location in Uttar Pradesh's sugarcane belt and diversified business model spanning engineering solutions. While facing margin pressures in FY25, the strong Q4 performance and positive outlook for sugar prices indicate potential for improved performance in the coming fiscal year.
