Trident

₹38.2 0.5 | 1.5%

WEBSITE BSE:521064 NSE : TRIDENT 10 May, 16:01

Market Cap ₹19482 Cr.

Stock P/E 46.1

P/B 4.6

Current Price ₹38.2

Book Value ₹ 8.4

Face Value 1

52W High ₹52.9

Dividend Yield 0.94%

52W Low ₹ 31.7

Edit Ratio

Trident Research see more...

Business Resilience and Exports Make Up a Case for Trident Limited

Overview Inc. Year: 1990Industry: Textile - Spinning

Trident Limited is a terry towel, yarn and wheat straw-based paper manufacturer. The Company's segments consist of Textiles, Paper and Chemical/Chemicals, and Others. The Company's geographical segments encompass USA and rest of the arena. The Textiles section includes yarn, towel, mattress sheets and dyed yarn production (consisting of application service). The Paper and Chemical/Chemicals section includes paper and sulfuric acid. The Others section consists of sale of software and related offerings. The Company's product portfolio includes solid bath ensembles, beach towels, embroidered towels, bath mats, bathrobes, printed mattress linen, duvets, cushion covers, viscose blended yarn, core spun yarn, bamboo/cotton yarn, dyed bed linen set, micro modal/cotton mixed yarn, drawing paper, and Bible and offset print paper. Its manufacturers include Trident My Choice, Trident Natural and Trident Spectra. It manufacturing centers are in Punjab and Madhya Pradesh.

Trident Share Price

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Peer Comparison

Trident Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	1692	1980	1870	1680	1438	1641	1573	1494	1798	1835
Other Income	15	4	17	6	5	14	10	16	17	16
Total Income	1707	1984	1887	1686	1443	1656	1583	1510	1814	1851
Total Expenditure	1286	1574	1543	1419	1296	1374	1307	1267	1559	1574
Operating Profit	421	410	344	267	147	282	276	243	255	277
Interest	20	22	19	19	20	19	22	32	35	40
Depreciation	87	78	81	76	78	78	80	89	89	90
Exceptional Income / Expenses	0	-26	0	0	0	0	0	0	0	0
Profit Before Tax	314	284	244	172	49	185	173	122	130	146
Provision for Tax	79	73	63	43	11	41	42	31	40	37
Profit After Tax	235	211	181	129	38	143	131	91	90	109
Adjustments	0	0	1	0	-1	1	-1	2	0	-1
Profit After Adjustments	235	211	181	129	37	144	130	93	91	109
Adjusted Earnings Per Share	0.5	0.4	0.4	0.3	0.1	0.3	0.3	0.2	0.2	0.2

Trident Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3335	3869	3755	3666	4625	4559	5249	4728	4531	6998	6332	6700
Other Income	22	16	34	65	106	96	44	40	27	48	27	59
Total Income	3358	3885	3790	3730	4731	4656	5292	4767	4558	7046	6359	6758
Total Expenditure	2780	3141	3095	2936	3740	3742	4266	3898	3719	5511	5388	5707
Operating Profit	578	744	695	794	992	913	1026	869	839	1535	971	1051
Interest	235	210	206	177	141	118	112	111	72	86	80	129
Depreciation	261	268	321	337	413	404	364	334	337	333	313	348
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	-32	0	0	0
Profit Before Tax	81	265	168	281	439	392	550	421	398	1116	579	571
Provision for Tax	32	68	50	39	102	126	178	81	94	283	137	150
Profit After Tax	49	197	118	242	337	266	372	340	304	834	442	421
Adjustments	0	-3	0	0	0	0	0	0	0	0	-1	0
Profit After Adjustments	49	194	118	242	337	266	372	340	304	834	441	423
Adjusted Earnings Per Share	0.2	0.6	0.2	0.5	0.7	0.5	0.7	0.7	0.6	1.6	0.9	0.9

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-10%	10%	7%	7%
Operating Profit CAGR	-37%	4%	1%	5%
PAT CAGR	-47%	9%	11%	25%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	19%	32%	42%	35%
ROE Average	11%	15%	14%	13%
ROCE Average	12%	15%	13%	12%

Trident Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	706	928	1455	2436	2757	2726	2973	3021	3328	3845	4193
Minority's Interest	0	0	0	0	0	0	0	0	0	0	2
Borrowings	949	766	1396	2137	1744	1411	954	689	255	310	804
Other Non-Current Liabilities	195	254	340	495	246	340	408	369	346	331	365
Total Current Liabilities	1520	1375	1491	1638	1437	1686	1822	1697	1842	2003	1465
Total Liabilities	3371	3322	4683	6705	6184	6163	6156	5776	5772	6489	6829
Fixed Assets	1968	1796	2864	4693	4345	3902	3717	3681	3791	3713	4094
Other Non-Current Assets	296	414	582	439	332	430	403	343	149	228	689
Total Current Assets	1107	1113	1237	1573	1507	1831	2037	1752	1832	2549	2045
Total Assets	3371	3322	4683	6705	6184	6163	6156	5776	5772	6489	6829

Trident Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	14	9	9	4	5	28	48	10	319	99	271
Cash Flow from Operating Activities	380	747	544	532	999	476	656	1214	505	903	1426
Cash Flow from Investing Activities	-100	-173	-143	-1199	-167	-188	-51	-43	-155	-343	-1165
Cash Flow from Financing Activities	-285	-574	-432	667	-808	-268	-643	-862	-570	-387	-410
Net Cash Inflow / Outflow	-5	-0	-31	1	23	20	-38	309	-220	172	-149
Closing Cash & Cash Equivalent	9	9	7	5	28	48	10	319	99	271	127

Trident Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.16	0.62	0.23	0.48	0.68	0.53	0.75	0.68	0.6	1.64	0.86
CEPS(Rs)	1	1.5	0.86	1.14	1.51	1.35	1.48	1.35	1.26	2.29	1.48
DPS(Rs)	0	0.03	0.06	0.09	0.15	0.15	0.3	0.36	0.36	0.36	0.36
Book NAV/Share(Rs)	2.27	2.84	2.86	4.78	5.54	5.48	5.97	6.07	6.53	7.54	8.23
Core EBITDA Margin(%)	16.47	18.61	17.38	19.66	18.94	17.87	18.73	17.55	17.91	21.25	14.91
EBIT Margin(%)	9.38	12.16	9.84	12.33	12.4	11.15	12.62	11.25	10.39	17.19	10.4
Pre Tax Margin(%)	2.4	6.78	4.42	7.58	9.39	8.57	10.48	8.91	8.79	15.95	9.14
PAT Margin (%)	1.46	5.04	3.1	6.52	7.21	5.82	7.08	7.19	6.72	11.91	6.97
Cash Profit Margin (%)	9.21	11.91	11.55	15.59	16.04	14.66	14.02	14.24	14.15	16.67	11.91
ROA(%)	1.47	5.89	2.94	4.25	5.23	4.31	6.04	5.69	5.27	13.6	6.63
ROE(%)	7.28	24.77	10.07	12.44	12.99	9.71	13.05	11.33	9.59	23.25	10.99
ROCE(%)	10.76	16.58	10.96	9.23	10.1	9.16	12.12	10.25	9.57	23.4	12
Receivable days	22.95	23.17	22.44	22.36	24.45	33.35	38.88	36.02	29.16	25.4	23.11
Inventory Days	65.56	62.27	66.9	81.5	65.64	67.76	67.27	74.44	78.12	60.96	69.06
Payable days	29.54	32.64	39.85	44.63	32.33	27.48	26.63	33.01	45.26	41.43	54.1
PER(x)	4.75	2.36	9.93	10.81	12.74	11.11	9.62	6.23	23.52	32.49	32.3
Price/Book(x)	0.33	0.52	0.8	1.07	1.56	1.08	1.2	0.7	2.15	7.04	3.4
Dividend Yield(%)	0	2.04	2.61	1.75	1.74	2.53	4.18	8.47	2.56	0.68	1.29
EV/Net Sales(x)	0.73	0.59	0.99	1.63	1.52	1.23	1.14	0.79	1.89	4.05	2.41
EV/Core EBITDA(x)	4.22	3.08	5.37	7.52	7.07	6.12	5.83	4.29	10.23	18.48	15.7
Net Sales Growth(%)	22.07	16	-2.94	-2.39	26.18	-1.42	15.12	-9.93	-4.17	54.45	-9.51
EBIT Growth(%)	180.66	50.32	-21.36	22.42	26.67	-12.06	29.92	-19.71	-11.54	155.59	-45.23
PAT Growth(%)	212.69	299.78	-40.19	105.38	39.31	-21.08	39.68	-8.63	-10.39	173.91	-47.03
EPS Growth(%)	211.61	293.25	-62.85	105.09	42.53	-21.07	39.6	-8.59	-12.45	173.92	-47.14
Debt/Equity(x)	3.17	2.1	1.77	1.41	1.03	1.03	0.82	0.65	0.46	0.41	0.33
Current Ratio(x)	0.73	0.81	0.83	0.96	1.05	1.09	1.12	1.03	0.99	1.27	1.4
Quick Ratio(x)	0.27	0.34	0.33	0.41	0.51	0.54	0.56	0.49	0.44	0.62	0.66
Interest Cover(x)	1.34	2.26	1.82	2.59	4.11	4.31	5.9	4.8	6.53	13.95	8.27
Total Debt/Mcap(x)	9.56	4.08	2.21	1.32	0.65	0.92	0.67	0.9	0.21	0.06	0.1

Trident Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.94	72.94	72.94	72.94	72.94	73.19	73.19	73.19	73.19	73.19
FII	2.48	3.13	3.17	2.59	2.36	2.43	2.48	2.56	2.55	2.66
DII	1.89	0.01	0.05	0.04	0.04	0.04	0.05	0.05	0.06	0.05
Public	22.69	23.92	23.84	24.43	24.66	24.35	24.29	24.2	24.21	24.11
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	371.71	371.71	371.71	371.71	371.71	372.95	372.95	372.95	372.95	372.95
FII	12.62	15.97	16.14	13.19	12.01	12.36	12.62	13.03	12.98	13.54
DII	9.66	0.04	0.26	0.22	0.21	0.21	0.24	0.28	0.29	0.27
Public	115.61	121.87	121.48	124.47	125.67	124.07	123.78	123.34	123.37	122.84
Others	0	0	0	0	0	0	0	0	0	0
Total	509.6	509.6	509.6	509.6	509.6	509.6	509.6	509.6	509.6	509.6

Pros

Company is almost debt free.

Cons

Debtor days have increased from 41.43 to 54.1days.
Stock is trading at 4.6 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Trident Research see more...

Overview Inc. Year: 1990Industry: Textile - Spinning

Trident Share Price

Alert Data

Quarterly Price

Peer Comparison

Trident Quarterly Results

Trident Profit & Loss

Growth Rates

Trident Balance Sheet

Trident Cash Flow

Trident Ratios

Trident Shareholding Pattern

Trident News

IPO

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