Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — Q1 FY26 Earnings Presentation
69 slides from Triveni Engineering And Industries's earnings presentation, Jul 30, 2025
Slide 1: Exchange filing cover letter for Q1 FY26 presentation
~l"· · l"IVeRI ENGINEERING & INDUSTRIES L TO. '- +91 1204308100 ~ +911204311010/11 e www.trivenigroup.com REF.. TElL SE D a t e: .)"oth J uIY_, I 2025 SSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-I, Block G Dalal Street, Fort, Sandra Kurla Complex,
Slide 2: Investor Presentation Q1 FY26
INVESTOR PRESENTATION Q1 FY 26 JULY 2025 1
Slide 3: Contents
CONTENTS 03 COMPANY OVERVIEW RESTRUCTURING 08 OUR FINANCIAL 13 HIGHLIGHTS OUR BUSINESSES 22 59 SHAREHOLDING PATTERN 2
Slide 4: Triveni at a Glance
TRIVENI AT A GLANCE LOCATIONS* 23 world-class facilities 70,500 >12,000 including: Tonnes per day PTB installations across 8 Sugar plants Sugarcane crushing the world 5 Distillery facilities at capacity* four locations # 860 KLPD >12,000 MLD Kilo Liter Per Day (KLPD) ~ ₹ 8,308 Crore Alcohol/Distille
Slide 5: Our Strengths
OUR STRENGTHS Strong Leadership Financial Strength Stakeholder Trust Strategic Tailwinds Market Leadership & Governance & Resilience & Ecosystem & Growth Drivers Integration • Experienced • Among the leading • Significantly • Deep-rooted • Well-positioned to management players in the India’s strengt
Slide 6: Our Business-wise Outlook
OUR BUSINESS-WISE OUTLOOK SUGAR • Initial monsoon trends have been encouraging and are likely to benefit the agricultural sector, particularly the sugarcane crop in UP. • Our field surveys indicate a healthy crop with minimal pest or disease incidence to date. • These positive developments, coupled
Slide 7: Our Business-wise Outlook
OUR BUSINESS-WISE OUTLOOK POWER TRANSMISSION • Outlook for the domestic product segment within high speed gears is promising with robust industrial capex and economic growth • As of June 30, 2025, the order book crossed the ₹ 400 crore mark, standing at ₹ 423 crore—underscoring strong market momentu
Slide 8: ESG Guiding Principles
ENVIRONTMENT, SOCIAL, GOVERNANCE (ESG) GUIDING PRINCIPLES Highest level of ethical and corporate governance standards, with stringent compliances Best-in-class sustainable processes and solutions across our operations and units Allocation of capital with focus on reducing carbon footprint and promot
Slide 9: Restructuring
a aoe FROM RESTRUCTURING =.=]
Slide 10: Corporate Structure Simplification Underway
CORPORATE STRUCTURE SIMPLIFICATION UNDERWAY On 10 December 2024, the Board of Directors of Triveni Engineering & Industries Limited (TEIL/Amalgamated Company/Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL/Amalgamating Company) and Triveni Power Transmission Ltd. (TPTL/ Resulting Company)
Slide 11: Existing and Resultant Structure of Entities: TEIL and SSEL
EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and SSEL After Amalgamation of Before Amalgamation of SSEL with TEIL SSEL with TEIL 39.02% 38.23% 39.42% 60.98% 61.77% 60.58% Promoters Public TEIL (Promoter) Public Promoters Public ~21.89 cr shares of INR 1 each ~52.5 lakh shares of INR 10 each ~2
Slide 12: Existing and Resultant Structure of Entities: TEIL and TPTL
EXISTING AND RESULTANT STRUCTURE OF ENTITIES: TEIL and TPTL After Amalgamation of SSEL with TEIL After PTB Demerger and before PTB Demerger 27.64% 39.42% 39.42% 42.48% 72.36% Total 60.58% Promote 60.58% r 100.00% 29.88% Holding Promoters Public TEIL (Promoter) Existing Promoters of TEIL (Promoter) P
Slide 13: Rationale for Demerger of Power Transmission Business
RATIONALE FOR DEMERGER OF POWER TRANSMISSION BUSINESS & RATIO OF ISSUE OF EQUITY SHARES BY TPTL Sharpened focus The transfer of the PTB Undertaking (as defined in the Scheme) into TPTL will enable each business to sharpen its focus and organize its activities and resources to improve its offerings t
Slide 14: Our Financial Highlights
OUR FINANCIAL HIGHLIGHTS
Slide 15: Our Long-term Highlights
OUR LONG-TERM HIGHLIGHTS 03 Strong balance sheet position Well Diversified and Growing 01 • Improved leverage and cost of funds Revenues over the period • FY 20-25 Gross Revenue CAGR 8.9% • ICRA Long Term Credit Rating of AA+ $ • Rising revenue contribution from non-sugar business from 21% to 38% du
Slide 16: Robust Financial Performance
ROBUST FINANCIAL PERFORMANCE ₹ Crore Revenue from Operations (Gross)* Profit Before Interest and Tax (PBIT) 6808 603 6310 6151 576 584 505 4703 4694 510 4437 408 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Robust revenue growth of 8.9% p.a. during FY 2020-2025 with increa
Slide 17: Strong Balance Sheet Position
STRONG BALANCE SHEET POSITION Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 1969 1.16 1558 1568 1411 0.82 994 914 0.64 0.49 0.63 0.35 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Average Cost of Debt (Standalone) Long-term credit rating ICRA
Slide 18: Creating Shareholder Value
CREATING SHAREHOLDER VALUE Funds Dividends & Retained for Cash Capital Buybacks (incl. Working Expenditure* Generation taxes) Capital ₹ 1,176 crore during FY 20-25 ₹ 1,574 crore ₹ 1,452 crore (28% of cash ₹ 4,202 crore (37% of cash (35% of cash generation) generation) generation) Healthy mix of inve
Slide 19: Enhancing Shareholder Returns Through Buybacks & Dividends
ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS Buyback of Shares (₹ Crore) Dividend (₹ Crore) Dividend Payout Ratio (%) 800 12% 125.9 21% 20% 22% 15% 17% 100 78.6 10% 65 71.1 42.3 54.7 27.3 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 23 FY 20 FY 21 FY 22 FY 23 FY 24
Slide 20: Consolidated Financial Highlights Q1 FY26
CONSOLIDATED FINANCIAL HIGHLIGHTS Q1 FY 26 ₹ Crore Q1 FY 26 Q1 FY 25 Change % Revenue from Operations (Gross) 1,954.5 1,534.0 27.4 Revenue from Operations 1,598.2 1,300.7 22.9 (Net of excise duty) EBITDA 76.5 97.1 -21.2 EBITDA Margin 4.8% 7.5% Profit Before Tax (PBT) 2.9 41.8 -93.2 Profit After Tax
Slide 21: Our Businesses
OUR BUSINESSES
Slide 22: Sugar
SUGAR
Slide 23: Our Sugar Business Profile
OUR SUGAR BUSINESS PROFILE Strategic Manufacturing Presence WE MANUFACTURE CENTRAL UP 1. Rani Nangal (Sulphitation)# Refined sugar for high-grade end users 1 1 2. Milak Narayanpur (Refined) Various grades of pharmaceutical sugar, which 2 2 3. Chandanpur (Sulphitation)*# can be customised as per user
Slide 24: Sugar Business Performance Over the Years
2015-16 1.57 2015-16 49 2016-17 1.67 2016-17 71 2017-18 1.83 2017-18 95 2018-19 2018-19 1.94 94 2019- 2019-20 101 20 1.92 2020-21 94 2020-21 1.96 2021-22 89 2021-22 1.98 2022- 2022-23 95 2.04 23 Sugar Produced (Lakh Quintals) Area under Sugarcane (Lakh Hectares) 2023-24 2023- 89 24 2.06 2024-25 92 2
Slide 25: Sugar Realisations Set to Strengthen
SUGAR REALISATIONS SET TO STRENGTHEN Triveni Sugar Realization (Domestic) (Rs./Qtl) 4,200 4,100 4,089 4,088 4,098 4,062 4,008 3,986 3,989 4,000 3,956 3,931 3,934 3,932 3,912 3,879 3,917 3,851 3,872 3,855 3,855 3,840 3,816 3,737 3,761 3,800 3,713 3,615 3,653 3,717 3,685 3,696 3,570 3,593 3,732 3,600
Slide 26: Sugar Industry: Structural Shift Driving Margin Stability
Sugar Industry: Structural Shift Driving Margin Stability We believe Sugar Industry has undergone significant changes in last few years, which has in turn significantly reduced the cyclical nature of the industry Sugar Segment Average EBIT Margin Fair and Remunerative Price (FRP) of sugarcane Key Po
Slide 27: Sugar: Volumes and Realisations Drive Topline Growth
SUGAR: VOLUMES AND REALISATIONS DRIVE TOPLINE GROWTH Sugar Dispatches (Tonnes) Average Realisation (₹/MT) +13.6% (Total) +3.6% 258196 227186 40421 39035 227186 258196 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 Domestic Exports Total • Excluding the SSEL, volume dispatches improved by 5.7%, compared to same
Slide 28: Sugar: Profitability Impacted by Higher Costs
SUGAR: PROFITABILITY IMPACTED BY HIGHER COSTS ₹ Crore REVENUE PBIT -79.2% +17.0% 36.5 1,169.6 999.5 7.6 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 • Segment profit, despite higher volume and realization, declined 80% y-o-y to ₹ 7.6 crore, due to higher cost of sugar (COP) of sugar sold in Q1 FY 26, which c
Slide 29: India Sugar Balance Sheet: Comfortable Closing Stocks
INDIA SUGAR BALANCE SHEET: COMFORTABLE CLOSING STOCKS OF 5.8 MILLION TONNES FOR SS 2024-25 in million tonnes +3.8* +2.0* +3.5* 32.8 31.9 27.9 29.0 28.0 26.4 7.0 5.6 8.4 6.4 5.6 8.4 5.8 0.1 1.0 Opening Stock as Production Internal Exports Closing Stock as on on 1st Oct Consumption 30th Sep 2022-23 20
Slide 30: Sugarcane Development Programme – Key Highlights
SUGARCANE DEVELOPMENT PROGRAMME – KEY HIGHLIGHTS A Structured Varietal Active engagement Crop Protection from Various digital Substitution Programme for with farmers through different Pests & Diseases initiatives towards the mutual benefit of the model demonstration using a structured sugarcane Comp
Slide 31: Alcohol
ALCOHOL
Slide 32: Our Alcohol Business Profile
OUR ALCOHOL BUSINESS PROFILE Strategic Manufacturing Presence WE PRODUCE CENTRAL UP 1. Rani Nangal Facility: Multi-feed 200 Bio-ethanol KLPD 1 Extra Neutral Alcohol (ENA), Rectified Spirit (RS) 2. Milak Narayanpur Facility: Multi- 1 2 feed 200 KLPD and Denatured Spirit (SDS) Co-products such as DDGS
Slide 33: Alcohol Business Performance Over the Years
ALCOHOL BUSINESS PERFORMANCE OVER THE YEARS Alcohol Production (in KL) Alcohol Sales (in KL) 200083 201568 184351 181194 182707 180423 107604 107027 117837 103637 93826 FY 20 84566 FY 22 FY 23 FY 20 FY 21 FY 24 FY 25 FY 22 FY 23 FY 21 FY 25 FY 24 Average Realisation (₹/ ltr) IMIL Sales (Lakh Cases)
Slide 34: Among Top 5 Players in UP in IMIL Business
AMONG TOP 5 PLAYERS IN UP IN INDIAN MADE INDIAN LIQUOR BUSINESS • We produce premium-quality molasses-based IMIL (Indian Made Indian Liquor) and grain-based UPML (UP Made Liquor), catering to the Uttar Pradesh market through an extensive distributor and retail network. • Following capex announcement
Slide 35: Indian Made Foreign Liquor Wins Multiple Awards
INDIAN MADE FOREIGN LIQUOR WINS MULTIPLE AWARDS IN 1st YEAR OF LAUNCH MATSYA AWARDS Spiritz Achievers Awards 2024 INDSPIRIT 2025 World Whiskies Award Design THE CRAFTER STAMP Spiritz Achievers Awards 2024 World Whiskies Award Design 34
Slide 36: Alcohol: Increased Volumes Driven by Capacity Addition
ALCOHOL: INCREASED VOLUMES DRIVEN BY CAPACITY ADDITION Alcohol Production (KL) Alcohol Sales (KL) Avg. Realisation (₹/litre) +18.9% +53.4% -1.8% 64,969 62,333 54,621 60.5 40,626 59.4 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 • Achieved one of the highest-ever quarterly production driven
Slide 37: Alcohol: Profitability Impacted
ALCOHOL: PROFITABILITY IMPACTED ₹ Crore NET REVENUE* PBIT +48.1% +19.8% 428.1 289.0 23.1 19.3 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 * Revenue net of excise duty • Sales volume for the quarter stood at 6.2 crore litres, an increase of 53% YoY, as last year sales was impacted by inventory built up of et
Slide 38: EBP Programme Driving Ethanol Demand
EBP PROGRAMME DRIVING ETHANOL DEMAND Ethanol Supplied (Cr. Litres) Contracted Quantity for ESY 2024-25 ➔ 1,077 1000 18.9 20.0 900 18.0 800 14.6 16.0 700 12.1 14.0 600 10.0 12.0 500 8.1 255.9 10.0 137 402 400 72 8.0 300 4.9 5.0 6.0 4.2 41 200 2.1 10 361 369 381.5 4.0 16 261 270 100 151 179 157 2.0 0
Slide 39: Continued Ethanol Pricing Improvements
CONTINUED ETHANOL PRICING IMPROVEMENTS • Government has been incentivizing the industry through supportive ethanol prices under the EBP Programme • In ESY 2024-25, prices have been revised for ethanol produced from C-heavy molasses • In ESY 2023-24, prices were revised for ethanol produced from Maiz
Slide 40: Power Transmission
POWER TRANSMISSION
Slide 41: Diverse Product & Solutions Portfolio
DIVERSE PRODUCT & SOLUTIONS PORTFOLIO OUR GEARS PORTFOLIO • High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications • Niche low speed gearboxes for mini hydel turbines, steel mills, sugar mills, rubber mixe
Slide 42: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS One of the Largest domestic market share One of the few Reliable aftermarket largest across OEMs & patronised by companies globally services throughout engineered-to- global OEMs across application catering to AGMA & API the product life cycle at order turbo ge
Slide 43: Serving a Multitude of Industries
SERVING A MULTITUDE OF INDUSTRIES Industries We Serve Power Refinery & Chemical & Generation Oil & Gas Sugar Petrochemicals Fertilisers (IPPs) Rubber & Cement Steel Marine Plastics Note: Sample list 42
Slide 44: Enabling OEMs Consistently
ENABLING OEMS CONSISTENTLY >50,000 MW globally installed gears capacity Steam Turbines Gas Turbines Centrifugal Compressors Reciprocating Compressors Centrifugal Pumps Fans and Blowers Hydel Turbines 43
Slide 45: Our Power Transmission Business Clientele
OUR POWER TRANSMISSION BUSINESS CLIENTELE Steam Turbines Gas Turbines Compressors Pumps Fans and Blowers Defence 44
Slide 46: Our Power Transmission Business Clientele
OUR POWER TRANSMISSION BUSINESS CLIENTELE Other Key Clients 45
Slide 47: Foray into Defence
FORAY INTO DEFENCE OUR DEFENCE PORTFOLIO OUR DEFENCE ADVANTAGE • Marine Propulsion Gearboxes and other R&D expertise on critical turbo products critical gearboxes • Special Application Pumps Stringent adherence to quality standards • Special Application Motor-driven Pumps • Gas Turbine Generators fo
Slide 48: Our Marine Product Profile
OUR MARINE PRODUCT PROFILE Propulsion Engine Winches and Deck Machinery Shafting System Propeller Gearbox Gas Turbine Fin Stabiliser Generator Steering Gear Rudder 47
Slide 49: Power Transmission Business Performance Over the Years
POWER TRANSMISSION BUSINESS PERFORMANCE OVER THE YEARS ₹ crore Revenue CAGR of 19% p.a. between FY 20-25 PBIT CAGR of 21% p.a. between FY 20-25 34.8% 36.7% 34.3% 40.0% 140.0 33.9% 31.5% 31.4% 35.0% 370 120.0 30.0% 127 25.0% 292 100.0 107 80.0 20.0% 225 15.0% 185 60.0 76 154 64 10.0% 130 40.0 49 41 5
Slide 50: Power Transmission: Impacted by Postponement of Order Execution
POWER TRANSMISSION: IMPACTED BY POSTPONEMENT OF ORDER EXECUTION ₹ Crore REVENUE PBIT -8.2% -33.8% 54.8 18.2 50.3 12.0 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 • The decline in revenue was mainly account of deferment of certain key deliveries by the customer and longer execution time for certain orders. E
Slide 51: Power Transmission: Record Closing Order Book
POWER TRANSMISSION: RECORD CLOSING ORDER BOOK ₹ Crore ORDER BOOKING CLOSING ORDER BOOK +15.2% +38.3% 84.2 423.0 73.1 305.8 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 • Order book continued to grow indicating strong traction across markets and geographies. • Order booking during the quarter included breakth
Slide 52: Power Transmission Business Initiatives: Gearing for Future Growth
POWER TRANSMISSION BUSINESS INITIATIVES The Power Transmission business is executing capacity additions that would take the Gears capacity (not including Defence) to ₹700 crore by September 2026. The existing capacity is ₹400 crore. GEARING Investments towards new bay (grinder/ hobber/ equipment) fo
Slide 53: Water Solutions
WATER SOLUTIONS
Slide 54: Our Water Business Profile
OUR WATER BUSINESS PROFILE • A water solutions platform, with capabilities across the water and wastewater treatment value chain – EPC projects, products, solutions, concessions and O&M • The division has been operating for 40+ years, with a history of inhouse product development, relationships with
Slide 55: Our Water Business Highlights
OUR WATER BUSINESS HIGHLIGHTS • Offers a complete range of water & wastewater treatment solutions to both industrial & municipal segments in EPC and PPP models • Undertakes specialized projects across desalination, recycling, ZLD and utility management for water & sewerage networks • Recurring reven
Slide 56: Promising Long-term Growth Outlook for Water Treatment in India
PROMISING LONG-TERM GROWTH OUTLOOK FOR WATER TREATMENT IN INDIA Strong Increasing Increasing Demand for Resurgence of Regulatory Push Urbanization with Recycled Water Traditional Industrial Focus on Quality Segments Increased Sewage Industrial Wastewater Desalination Opportunity Treatment Capacities
Slide 57: Water: Healthy Closing Order Book
WATER: HEALTHY CLOSING ORDER BOOK ₹ Crore REVENUE PBIT CLOSING ORDER BOOK* +80.3% +30.9% +6.3% 54.3 11.0 1552.0 51.1 1186.0 6.1 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 26 Q1 FY 25 Q1 FY 26 • PBIT for the quarter includes a gain of ₹ 8 crore related to previous year in respect of Mathura PPP/HAM. Please not
Slide 58: Shareholding Pattern
SHAREHOLDING PATTERN
Slide 59: Shareholding Pattern
SHAREHOLDING PATTERN Foreign Portfolio Investors, 6.21% Mutual Funds + AIF, 8.87% Promoter Group, 60.98% Resident Individuals, 19.46% Corporate Bodies, 1.92% NRI, 1.90% Others, 0.65% Note: As at end of the quarter ending June 30, 2025. Others comprise of Clearing members, HUF, Trust, IEPF, Key Manag
Slide 60: Annexures
ANNEXURES
Slide 61: Rationale for TEIL Amalgamation with SSEL & Swap Ratio
RATIONALE FOR TEIL AMALGAMATION WITH SSEL & SWAP RATIO Synergies The proposed amalgamation will create and provide Reducing compliance related costs operational synergies, economies of scale, optimum utilization It will result in reduction of multiplicity of entities, thereby of resources, simplific
Slide 62: Rationale for Demerger of Power Transmission Business
RATIONALE FOR DEMERGER OF POWER TRANSMISSION BUSINESS & RATIO OF ISSUE OF EQUITY SHARES BY TPTL Competitive Position and Market Penetration Sharpened Focus PTB has attained a significant size, scale and has a large The PTB and the Residual Business (defined in the headroom for growth in its market.
Slide 63: Chronological Transaction Milestones
CHRONOLOGICAL TRANSACTION MILESTONES • Approval of the Board of Directors on recommendation of Audit Committee & Independent Directors to the Scheme • Filing of Application with Stock Exchanges for No Objection • Filing the Scheme along with Application with NCLT for issuance of summons for directio
Slide 64: Investor Contact
INVESTOR CONTACT Surabhi Chandna/Himanshu Sharma Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 63
Slide 65: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 66: Commonly Used Terms
COMMONLY USED TERMS Term Definition AGMA American Gear Manufacturers Association (AGMA) Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating Alcohol constituent of potable spirits, industrial solvent and as fuel API American Petroleum Institute ASP Acti
Slide 67: Commonly Used Terms
COMMONLY USED TERMS Term Definition Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its Denatured spirit recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation Ethanol Blended Petrol. Th
Slide 68: Commonly Used Terms
COMMONLY USED TERMS Term Definition Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, B-Heavy Multi-feed distillery molasses, C-Heavy molasses, grains such as maize, surplus rice, broken rice and other damaged food grains NGT National Green Tribunal O&M O
Slide 69: Thank You
YOU
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