Trident

₹24.5 0.5 | 2%

WEBSITE BSE:521064 NSE : TRIDENT 18 Mar, 16:01

Market Cap ₹12490 Cr.

Stock P/E 35.7

P/B 2.9

Current Price ₹24.5

Book Value ₹ 8.6

Face Value 1

52W High ₹42

Dividend Yield 1.47%

52W Low ₹ 23.9

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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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Trident Quarterly Results

#(Fig in Cr.)	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Net Sales	1438	1641	1573	1494	1798	1835	1682	1743	1713	1667
Other Income	5	14	10	16	17	16	22	20	16	23
Total Income	1443	1656	1583	1510	1814	1851	1704	1763	1729	1690
Total Expenditure	1296	1374	1307	1267	1559	1574	1480	1523	1491	1461
Operating Profit	147	282	276	243	255	277	224	240	238	229
Interest	20	19	22	32	35	40	49	47	46	35
Depreciation	78	78	80	89	89	90	96	92	92	93
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	49	185	173	122	130	146	78	102	99	102
Provision for Tax	11	41	42	31	40	37	19	28	16	22
Profit After Tax	38	143	131	91	90	109	59	74	83	80
Adjustments	-1	1	-1	2	0	-1	-2	-0	-0	-0
Profit After Adjustments	37	144	130	93	91	109	57	74	83	80
Adjusted Earnings Per Share	0.1	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.2	0.2

Trident Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	3869	3755	3666	4625	4559	5249	4728	4531	6998	6332	6809	6805
Other Income	16	34	65	106	96	44	40	27	48	27	70	81
Total Income	3885	3790	3730	4731	4656	5292	4767	4558	7046	6359	6879	6886
Total Expenditure	3141	3095	2936	3740	3742	4266	3898	3719	5511	5388	5881	5955
Operating Profit	744	695	794	992	913	1026	869	839	1535	971	998	931
Interest	210	206	177	141	118	112	111	72	86	80	156	177
Depreciation	268	321	337	413	404	364	334	337	333	313	365	373
Exceptional Income / Expenses	0	0	0	0	0	0	0	-32	0	0	0	0
Profit Before Tax	265	168	281	439	392	550	421	398	1116	579	477	381
Provision for Tax	68	50	39	102	126	178	81	94	283	137	127	85
Profit After Tax	197	118	242	337	266	372	340	304	834	442	350	296
Adjustments	-3	0	0	0	0	0	0	0	0	-1	-0	-2
Profit After Adjustments	194	118	242	337	266	372	340	304	834	441	350	294
Adjusted Earnings Per Share	0.6	0.2	0.5	0.7	0.5	0.7	0.7	0.6	1.6	0.9	0.7	0.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	8%	15%	5%	6%
Operating Profit CAGR	3%	6%	-1%	3%
PAT CAGR	-21%	5%	-1%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-35%	-23%	45%	27%
ROE Average	8%	14%	13%	13%
ROCE Average	11%	15%	13%	12%

Trident Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	928	1455	2436	2757	2726	2973	3021	3328	3845	4193	4315
Minority's Interest	0	0	0	0	0	0	0	0	0	2	2
Borrowings	766	1396	2137	1744	1411	954	689	255	310	804	1173
Other Non-Current Liabilities	254	340	495	246	340	408	369	346	331	365	368
Total Current Liabilities	1375	1491	1638	1437	1686	1822	1697	1842	2003	1465	1705
Total Liabilities	3322	4683	6705	6184	6163	6156	5776	5772	6489	6829	7563
Fixed Assets	1796	2864	4693	4345	3902	3717	3681	3791	3713	4094	4608
Other Non-Current Assets	414	582	439	332	430	403	343	149	228	689	255
Total Current Assets	1113	1237	1573	1507	1831	2037	1752	1832	2549	2045	2701
Total Assets	3322	4683	6705	6184	6163	6156	5776	5772	6489	6829	7563

Trident Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	9	9	4	5	28	48	10	319	99	271	127
Cash Flow from Operating Activities	747	544	532	999	476	656	1214	505	903	1426	287
Cash Flow from Investing Activities	-173	-143	-1199	-167	-188	-51	-43	-155	-343	-1165	-718
Cash Flow from Financing Activities	-574	-432	667	-808	-268	-643	-862	-570	-387	-410	340
Net Cash Inflow / Outflow	-0	-31	1	23	20	-38	309	-220	172	-149	-91
Closing Cash & Cash Equivalent	9	7	5	28	48	10	319	99	271	127	26

Trident Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	0.62	0.23	0.48	0.68	0.53	0.75	0.68	0.6	1.64	0.86	0.69
CEPS(Rs)	1.5	0.86	1.14	1.51	1.35	1.48	1.35	1.26	2.29	1.48	1.4
DPS(Rs)	0.03	0.06	0.09	0.15	0.15	0.3	0.36	0.36	0.36	0.36	0.36
Book NAV/Share(Rs)	2.84	2.86	4.78	5.54	5.48	5.97	6.07	6.53	7.54	8.23	8.47
Core EBITDA Margin(%)	18.61	17.38	19.66	18.94	17.87	18.73	17.55	17.91	21.25	14.91	13.63
EBIT Margin(%)	12.16	9.84	12.33	12.4	11.15	12.62	11.25	10.39	17.19	10.4	9.3
Pre Tax Margin(%)	6.78	4.42	7.58	9.39	8.57	10.48	8.91	8.79	15.95	9.14	7
PAT Margin (%)	5.04	3.1	6.52	7.21	5.82	7.08	7.19	6.72	11.91	6.97	5.14
Cash Profit Margin (%)	11.91	11.55	15.59	16.04	14.66	14.02	14.24	14.15	16.67	11.91	10.5
ROA(%)	5.89	2.94	4.25	5.23	4.31	6.04	5.69	5.27	13.6	6.63	4.86
ROE(%)	24.77	10.07	12.44	12.99	9.71	13.05	11.33	9.59	23.25	10.99	8.23
ROCE(%)	16.58	10.96	9.23	10.1	9.16	12.12	10.25	9.57	23.4	12	10.6
Receivable days	23.17	22.44	22.36	24.45	33.35	38.88	36.02	29.16	25.4	23.11	18.45
Inventory Days	62.27	66.9	81.5	65.64	67.76	67.27	74.44	78.12	60.96	69.06	66.34
Payable days	32.64	39.85	44.63	32.33	27.48	26.63	33.01	45.26	41.43	54.1	53.69
PER(x)	2.36	9.93	10.81	12.74	11.11	9.62	6.23	23.52	32.49	32.3	53.27
Price/Book(x)	0.52	0.8	1.07	1.56	1.08	1.2	0.7	2.15	7.04	3.4	4.32
Dividend Yield(%)	2.04	2.61	1.75	1.74	2.53	4.18	8.47	2.56	0.68	1.29	0.99
EV/Net Sales(x)	0.59	0.99	1.63	1.52	1.23	1.14	0.79	1.89	4.05	2.41	2.96
EV/Core EBITDA(x)	3.08	5.37	7.52	7.07	6.12	5.83	4.29	10.23	18.48	15.7	20.19
Net Sales Growth(%)	16	-2.94	-2.39	26.18	-1.42	15.12	-9.93	-4.17	54.45	-9.51	7.53
EBIT Growth(%)	50.32	-21.36	22.42	26.67	-12.06	29.92	-19.71	-11.54	155.59	-45.23	-3.87
PAT Growth(%)	299.78	-40.19	105.38	39.31	-21.08	39.68	-8.63	-10.39	173.91	-47.03	-20.75
EPS Growth(%)	293.25	-62.85	105.09	42.53	-21.07	39.6	-8.59	-12.45	173.92	-47.14	-20.7
Debt/Equity(x)	2.1	1.77	1.41	1.03	1.03	0.82	0.65	0.46	0.41	0.33	0.48
Current Ratio(x)	0.81	0.83	0.96	1.05	1.09	1.12	1.03	0.99	1.27	1.4	1.58
Quick Ratio(x)	0.34	0.33	0.41	0.51	0.54	0.56	0.49	0.44	0.62	0.66	0.77
Interest Cover(x)	2.26	1.82	2.59	4.11	4.31	5.9	4.8	6.53	13.95	8.27	4.05
Total Debt/Mcap(x)	4.08	2.21	1.32	0.65	0.92	0.67	0.9	0.21	0.06	0.1	0.11

Trident Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	72.94	72.94	73.19	73.19	73.19	73.19	73.19	73.19	73.19	73.19
FII	2.59	2.36	2.43	2.48	2.56	2.55	2.66	2.63	2.73	2.84
DII	0.04	0.04	0.04	0.05	0.05	0.06	0.05	0.06	0.08	0.09
Public	24.43	24.66	24.35	24.29	24.2	24.21	24.11	24.12	24.01	23.88
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoter	371.71	371.71	372.95	372.95	372.95	372.95	372.95	372.95	372.95	372.95
FII	13.19	12.01	12.36	12.62	13.03	12.98	13.54	13.38	13.91	14.47
DII	0.22	0.21	0.21	0.24	0.28	0.29	0.27	0.32	0.4	0.46
Public	124.47	125.67	124.07	123.78	123.34	123.37	122.84	122.94	122.33	121.71
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

Debtor days have improved from 54.1 to 53.69days.
Company is almost debt free.

Cons

Company has a low return on equity of 14% over the last 3 years.
The company has delivered a poor profit growth of -1% over past five years.

* 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

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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

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