Triveni Glass Ltd is currently a very small, distressed, and largely non-operational company, effectively functioning more like a shell with legacy assets than an ongoing manufacturing business.

Key current details (as of close on 22 Dec 2025): (icicidirect.com)

- Exchange / Codes

- BSE: 502281

- NSE: TRIVENSHET / TRIVENIGQ (micro-cap)

- ISIN: INE094C01011

- Price & Market Data

- Last traded price: ₹9.35

- Market cap: ~₹11.8 crore

- 52-week high / low: ₹22.2–22.7 / ₹8.50

- 6M return: around -32%

- 1Y return: around -55% to -58% (icicidirect.com)

- Business status / profile

- Originally (incorporated 1971) a flat and laminated safety glass manufacturer (float, sheet, figured, reflective glass, mirrors, tabletops). (screener.in)

- The company has exited the glass manufacturing business and is now positioned as a real-estate / redevelopment play on its old factory land (multi-storey residential project). (icicidirect.com)

- Financial health (very weak)

- Recent quarters show zero sales for many consecutive quarters and continuous net losses, indicating complete operational shutdown of the original business. (marketsmojo.com)

- Book value per share is negative (around -₹11.9), meaning liabilities exceed assets and shareholder equity is negative. (screener.in)

- Q2 FY26 (July–Sep 2025) – Net sales ₹0; net loss ~₹0.07 crore; revenue is entirely absent while admin and employee costs keep burning cash. (marketsmojo.com)

- P/E is negative (loss-making), dividend yield 0%.

- Shareholding / qualitative red flags (marketsmojo.com)

- Very low promoter holding ~5–6%.

- Institutional holding also very small.

- Continuous losses, no core operations, and negative net worth are all high-risk indicators.

- Risk and nature of the stock (example perspective, not advice)

- This is a micro-cap, illiquid, turnaround/speculative type counter, not a stable operating business.

- Price is now driven more by:

- Value (if any) embedded in real-estate assets / land and

- Pure market speculation,

rather than manufacturing fundamentals.

- Negative book value, no revenue, and ongoing losses make it a very high-risk example, more suitable only for investors who explicitly understand micro-cap and distressed-equity risk.

If you specify whether you need a fundamental summary, technical levels, or a basic valuation framework (example only), a more focused breakdown can be prepared.

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