Now, we can understand the Businesses of Triveni Engineering: From FY2019 to 2023 (Last 5 Years)
- Gross revenue was increased by 19% CAGR
- Non-sugar business from 21% to 34%
- EBIT was increased by 17.5% CAGR
- Sugar contribution on EBIT was decreased from 66% to 49%
- ICRA credit rating is AA (stable)
Way Forward:
- Investment towards debottlenecking.
- Enhancing crush rate, currently 10.9%.
- Higher production of refined sugar
- Manufacturing, marketing, and selling own brands in the premium segment of IMFL as a forward integration of distillery operations. The company introduced two IMFL brand , Matsya has an annualproduction 4.20 Ltr and the Crafts stamp premium one 1.35 Ltr PA.
- Investment of Rs 100 Cr in higher margin business of “Power transmission” and expected to be completed Dec2024.Capacity enhancement in terms of revenue from Rs 250 Cr to Rs 400 Cr.
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