In the below tracker, I have started tracking important company goals for NAVA. These goals are referred to as ‘monitorables’ in the tracker.I will update this document regularly to reflect the current status of these goals.

Here’s a snapshot of what the tracker includes:

• Company Ticker: For identifying the company
• Monitorable Description: Description of the goal or metric being tracked
• Date of Announcement: When the monitorable was announced
• Deadline: Target date for achieving the monitorable
• Status: Current progress (e.g., Not Fulfilled, Pending)
• Verification Link: A link to see where I got the information about the goal.

I hope this information makes it easier to observe how well companies are progressing towards their stated goals.

Screenshot of the tracker below:

Full tracker attached below:
Tracking Company Monitorables-18.xlsx (143.2 KB)

Post Script: DM if you want me to track the monitorables for any specific company.

Few of my takeaways from Q1 FY25 of Triveni Turbine

Triveni Turbine Limited (TTL) appears poised for continued growth, driven by robust demand across geographies and segments. The company reported a stellar Q1 FY25 with 23% revenue growth and 32% PAT growth year-over-year. Order inflows surged 40% to reach a record ₹6.36 billion, providing strong visibility for future quarters. With exports now contributing 66% of order inflows, TTL is successfully expanding its global footprint.

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐁𝐥𝐮𝐞𝐩𝐫𝐢𝐧𝐭:

TTL is pursuing several key initiatives to drive future growth:

1. Expanding product range to higher megawatt turbines (up to 120 MW) to address larger industrial markets
2. Strengthening presence in the API turbine segment for oil & gas applications
3. Growing aftermarket and refurbishment business, especially in international markets
4. Setting up US subsidiary to tap local opportunities
5. Continued focus on R&D and new technology development

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

• Shift towards renewable energy and waste-to-energy projects globally
• Growing demand for energy efficiency solutions in industrial applications
• Increasing aftermarket potential as installed base expands
• Geographical diversification of revenue streams

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐚𝐢𝐥𝐰𝐢𝐧𝐝𝐬:

• Global push for energy transition and decarbonization
• Revival in industrial capex, especially in sectors like steel, cement, etc.
• Government initiatives like Inflation Reduction Act in US boosting clean energy investments

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐇𝐞𝐚𝐝𝐰𝐢𝐧𝐝𝐬:

• Macroeconomic uncertainties in some export markets
• Volatility in commodity prices impacting customer decisions
• Intensifying competition in the API turbine segment

𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫/𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:

Analysts expressed concerns about sustainability of margins and domestic market slowdown. Management assured that margins are not a concern given higher export mix and aftermarket contribution. On domestic slowdown, they expect a revival in coming quarters as enquiries have picked up recently.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

TTL faces competition from global majors in exports markets. However, its technological capabilities, cost competitiveness and localization strategies are helping gain market share. In the domestic market, TTL remains one of the leading players.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬:

No specific guidance was provided, but the management expressed confidence in delivering strong growth in FY25, both in order inflows and revenues. Margins are expected to remain healthy, aided by favorable product mix.

𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭:

TTL plans to maintain its asset-light model while increasing investments in R&D, people and customer-facing initiatives. The company aims to remain free cash flow positive and maintain its dividend payout policy.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 & 𝐑𝐢𝐬𝐤𝐬:

Key opportunities include expanding addressable market through new product development, growing aftermarket business and geographical expansion. Risks include macroeconomic uncertainties, increased competition and potential technology disruptions.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐂𝐥𝐢𝐦𝐚𝐭𝐞:

Favorable policy push towards clean energy and industrial decarbonization across geographies is creating opportunities for TTL’s solutions.

𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐮𝐥𝐬𝐞:

Customers are increasingly focused on energy efficiency and clean energy solutions. TTL is well-positioned to cater to these evolving needs with its broad product portfolio and technological capabilities.

Disclaimer: This is a general analysis and does not constitute financial advice.

This is a head-scratching disclosure. At an investment of only Rs, 15 lacs, production capacity will be increased from 90,000 units to 6,30,000. Anyone with insights into the sewing machine markets please share your thoughts.

Company has just received an additional order approx 1000 crore from Kanpur Central Bus Terminal and the Bhubaneswar Metro project.

Please update any red flag against the company or promotors.