Corporate Overview
We are a diversified, integrated and forward-thinking conglomerate engaged in sugar, cogeneration, alcohol (ethanol, Indian Made Indian Liquor and Indian Made Foreign Liquor), power transmission, and water business.
Management Statements
Each of our businesses is today among the leading players in its respective segment, with large and growing capacities. This insulates us from sectoral volatility and macro headwinds, resulting in sustained, resilient performance and value creation.
Management Discussion and Analysis
Our journey of building businesses that stand the test of time is a testament to our focus on value creation.
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INVESTMENT CASE
Positioned for sustainable value creation
At Triveni, we consistently set new benchmarks in performance, innovation, and impact, supported by our robust business model and enduring strengths. We leverage these to unlock value for our stakeholders, whether by incubating new businesses, taking decisive actions, or executing share buybacks. Backed by a growing economy and favourable industry tailwinds, our solid foundation positions us well to seize emerging opportunities and create sustainable, long-term value.
Legacy of value creation
- Proven competencies in incubating and scaling businesses, reflecting strategic foresight and execution capability.
- Demonstrated strength in business value unlocking, exemplified by successful incubation, demerger, and listing of Triveni Turbine as a value-accretive standalone entity.
- Track record of wealth distribution through consistent dividends and share buybacks, reinforcing long-term shareholder value.
Market leadership
- Strong positioning in high-entry barrier and long gestation businesses.
- Among India’s leading sugar companies with modern infrastructure and forward integration into distilleries.
- Dominant position in high-speed gearboxes domestically; scaling globally.
- Established position as a leading water management solution provider.
A company aligned with national priorities
Well-positioned to benefit from the India opportunity:
- Rural prosperity and government focus on agriculture and rural development.
- Import substitution in ethanol, power transmission and defence.
- Demand for industrial and urban water solutions.
Diversified, yet synergistic businesses
- Operations across sugar, alcohol, power transmission and water businesses, mitigating sectoral risks and ensure sustained cash flows.
- Integrated operations across sugar, co-generation, ethanol, IMIL, and IMFL, enabling greater control, market agility, and profitability optimisation
Technology-driven excellence
- Efficient, smart operations with SAP RISE S/4 HANA enterprise resource planning system.
- Powered by advanced technologies like:
- Artificial intelligence (AI), machine learning (ML), global positioning system (GPS), and Internet of Things (IoT) technology that drive farm productivity and optimise supply chain optimisation.
- Automation, AI and SCADA technologies that drive competitiveness in the engineering business.
Skilled manpower
- Professional and qualified manpower, with dedicated sectoral expertise across each business.
- Focus on continuous learning, upskilling, and employee engagement.
Visionary management and strong governance
- Management team with cross-sector expertise and capabilities in deploying strategies for sustainable growth.
- Robust corporate governance and an independent board, with members having diverse skills and competencies.
Financial strength and resilience
- Robust balance sheet with consolidated net debt to equity of 0.61, consolidated interest coverage of 5.37 and consolidated debt service coverage ratio of 2.04 as on March 31, 2025, ensuring long-term credit rating from ICRA to AA+ (stable) and a healthy risk return profile.
Stakeholder trust and ecosystem integration
- Deep-rooted relationships with external stakeholders, including suppliers, customers, and regulatory bodies, support long-term stability and growth.
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