Trade-Wings Ltd
₹ 475
-1.99%
11 Sep
- close price
About
Trade-Wings incorporated in 1949, engaged in the business of travel and travel related services, working as travel agent and tour operator, Cargo and Foreign Exchange business and also engaged in hoteliering business.[1]
Key Points
- Market Cap ₹ 143 Cr.
- Current Price ₹ 475
- High / Low ₹ 846 / 47.0
- Stock P/E 160
- Book Value ₹ 7.47
- Dividend Yield 0.00 %
- ROCE 20.5 %
- ROE 55.4 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.3%
Cons
- Stock is trading at 63.6 times its book value
- Company has low interest coverage ratio.
- Earnings include an other income of Rs.8.35 Cr.
- Company's cost of borrowing seems high
* 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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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 17 | 272 | 264 | 277 | 223 | 31 | 72 | 180 | 208 | 213 | 226 | 226 | |
| 15 | 15 | 274 | 267 | 281 | 225 | 33 | 74 | 181 | 210 | 215 | 230 | 230 | |
| Operating Profit | 1 | 2 | -2 | -3 | -4 | -3 | -2 | -2 | -2 | -2 | -2 | -4 | -4 |
| OPM % | 5% | 11% | -0.8% | -1.2% | -1.4% | -1.2% | -7% | -3.3% | -0.9% | -0.9% | -1.1% | -1.6% | -1.9% |
| 2 | 2 | 6 | 7 | 8 | 6 | 3 | 4 | 5 | 5 | 6 | 8 | 8 | |
| Interest | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | -0 | 0 | 0 | 0 | 0 | -1 | -3 | -2 | 0 | 0 | 1 | 1 | 1 |
| Tax % | -48% | -43% | 27% | 36% | 30% | 79% | 1% | 1% | 37% | 29% | 5% | -46% | |
| -0 | 0 | 0 | 0 | 0 | -1 | -3 | -2 | 0 | 0 | 1 | 1 | 1 | |
| EPS in Rs | -0.43 | 1.67 | 1.13 | 0.27 | 0.43 | -3.77 | -10.23 | -5.73 | 0.43 | 0.20 | 1.90 | 3.77 | 2.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 49% |
| 3 Years: | 8% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 19% |
| 3 Years: | 106% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 58% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | 2% |
| 3 Years: | 35% |
| Last Year: | 55% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 3 | 4 | 4 | 4 | 4 | 3 | 0 | -2 | -2 | -2 | -1 | -1 |
| 11 | 12 | 18 | 21 | 21 | 19 | 19 | 18 | 18 | 21 | 21 | 16 | |
| 16 | 18 | 16 | 18 | 18 | 20 | 14 | 17 | 12 | 9 | 11 | 14 | |
| Total Liabilities | 34 | 37 | 41 | 45 | 46 | 45 | 36 | 36 | 32 | 31 | 33 | 32 |
| 5 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 4 | 6 | 6 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 3 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
| 28 | 30 | 35 | 40 | 40 | 38 | 30 | 30 | 26 | 23 | 26 | 25 | |
| Total Assets | 34 | 37 | 41 | 45 | 46 | 45 | 36 | 36 | 32 | 31 | 33 | 32 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | 4 | 1 | 2 | 4 | 3 | 1 | 3 | 9 | 4 | 5 | |
| -2 | 0 | -0 | 0 | 1 | -1 | 1 | 1 | 1 | -2 | -0 | 1 | |
| -2 | -2 | -2 | -2 | -3 | -3 | -3 | -2 | -3 | -8 | -4 | -6 | |
| Net Cash Flow | -0 | -0 | 2 | -1 | -0 | 0 | 1 | -0 | 1 | -1 | -1 | -0 |
| Free Cash Flow | 1 | 1 | 4 | 1 | 2 | 3 | 3 | 1 | 3 | 6 | 3 | 6 |
| CFO/OP | 445% | 94% | -196% | -23% | -69% | -156% | -78% | -74% | -186% | -471% | -169% | -143% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 451 | 482 | 35 | 36 | 35 | 37 | 202 | 93 | 39 | 32 | 36 | 32 |
| Inventory Days | 2 | 2 | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | ||
| Days Payable | 17 | 18 | 18 | 10 | 48 | 29 | 9 | 10 | 11 | 11 | ||
| Cash Conversion Cycle | 451 | 482 | 20 | 20 | 19 | 28 | 156 | 65 | 32 | 23 | 26 | 23 |
| Working Capital Days | 84 | 100 | 5 | 7 | 8 | 9 | 57 | 62 | 21 | 12 | 10 | 10 |
| ROCE % | 10% | 15% | 13% | 11% | 12% | 10% | 0% | 4% | 17% | 14% | 14% | 20% |
Insights
In beta| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cargo and Others Segment Revenue Share % of total segment revenue |
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| Air Travel / Hotel / Misc Travel Revenue Share % of revenue from operations |
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| Branch Network (Cities Covered) cities (minimum) |
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| Cargo Freight Revenue Share % of revenue from operations |
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| Foreign Currency & Prepaid Instruments Revenue Share % of revenue from operations |
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| Number of Permanent Employees employees |
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| Revenue per Employee Rs lakhs per employee |
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| Subsidiary (Trade Wings Hotels Limited) Total Income Rs lakhs |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Company has published the Notice of the 76th AGM scheduled to be held on Thursday, 24th September, 2026 and the Book closure dates in Times …
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Intimation Of E-Voting Period
- Trade Wings Limited announces remote e-voting for 76th AGM from 21 September 2026 to 23 September 2026.
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Intimation Of Book Closure Date For 76Th Annual General Meeting
- Book closure from 18-24 September 2026 for Trade Wings Limited's 76th AGM on 24 September 2026.
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Reg. 34 (1) Annual Report.
- Trade Wings files FY26 annual report; AGM on 24 Sep 2026 to approve office shift and remuneration waiver.
- Notice Of 76Th Annual General Meeting Scheduled To Be Held On Thursday, 24Th September, 2026 At 10:30 Am At The Registered Office Of The Company
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2012
from bse
Delisting & Relisting[1]
The Company had received a notice dated 30 November 2022 from BSE Limited for the levy of SOP fines due to delayed filings. The Company applied for waiver of the fines and revocation of the trading suspension and paid Rs. 15.69 under protest. BSE Limited has waived the applicable fines and granted in-principle approval for the revocation of the trading suspension vide its letter dated May 26, 2025. Consequently, the suspension on trading of the equity shares was revoked with effect from October 08, 2025, and trading in the securities of the Company shall be resumed in the “XT” group[2], which was later changed to "X" group[3] in accordance with applicable SEBI regulations.