Triveni Turbine Ltd. manufactures industrial steam turbines. The Company offers customized Condensing and Back Pressure steam turbines for industry segments as varied and diverse as Biomass IPP, Municipal Solid Waste IPP, District Heating, Palm Oil, Paper, Sugar, Textiles, Metals, Cement, and Oil and Gas.
Triveni Turbine is a decent bet in mid-cap space. Its currently trading at a P/E of less than 17 with dividend yields of well over 1% in the last 12 months. It runs at a debt of 17 Crores with 12 Crores cash in hand. Revenues have risen from 33 Crores to 632 Crores in the last 4 years. Company has turned around from losses of around 8 Crores in FY2009, 2010 and 2011 to hefty profits of 91 Crores in FY 2012. Buy and hold for long term gains.
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