Bonanza Portfolio Ltd. recommends Triveni Turbine Ltd. (TTL) as a key stock pick for this Diwali, with a target price of ₹1,057, reflecting a 37% upside. Triveni Turbine’s impressive growth in order inflows and its increasing share of exports make it a strong candidate for accumulation.
Key Highlights:
- Order Inflows: TTL’s order inflows increased by 41% in Q1FY25, contributing to a 23% YoY growth in the order book.
- Export Contribution: With exports growing by 74% YoY and comprising 66% of total orders, Triveni is well-positioned to take advantage of international demand, particularly in sectors like steel, cement, and renewable energy.
- Capacity Expansion: TTL has expanded its turbine capacity to 120MW by adding 120 new turbines in its offerings.
- EBITDA Margin: EBITDA margins improved by 180 bps YoY to 20.6% in Q1FY25 due to a decrease in input prices and higher export orders.
With an expected EPS of ₹14.5 in FY26E and improving margins, TTL is positioned for strong profitability growth.
Disclaimer:
Stock investments are subject to market risks. Please read all related documents carefully before investing. The information provided is for informational purposes only and should not be construed as financial advice. Consult your financial advisor before making any investment decisions.
