Trident Texofab Ltd

Trident Texofab Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Trident Texofab Ltd

₹ 44.7 0.20%
10 May - close price
tridenttexofab.com BSE: 540726
About

Incorproated in 2008, Trident Texofab Ltd does manufacturing & wholesale trading of Textile Fabric Cloth[1]

Key Points

Business Overview:[1][2]
TTL operates as a semi-composite textile trading company with interests in manufacturing and trading of Home Furnishing, Garments, Technical Textiles and a variety of Polyester and Poly-blend Fabrics. It manufactures various grades of grey fabrics and also undertakes job work for Weaving, Digital Printing & Embroidery. Company procures polyester yarn, ink and fabric from the suppliers located in Surat and sells its product to the garment processing units in Surat, Panipat, Ahmedabad, and Mumbai

Website BSE
  • Market Cap ₹ 45.0 Cr.
  • Current Price ₹ 44.7
  • High / Low ₹ 76.1 / 40.6
  • Stock P/E 33.8
  • Book Value ₹ 15.7
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 16.6 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 161 to 128 days.
  • Company's working capital requirements have reduced from 122 days to 97.4 days

Cons

  • Stock is trading at 2.85 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.43% over past five years.
  • Company has a low return on equity of 9.44% over last 3 years.
  • Promoter holding has decreased over last 3 years: -9.12%

* 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
13.96 19.08 14.90 21.03 23.85 24.51 23.40 24.17 24.55 24.24 23.10 23.20 23.01
13.11 18.08 13.74 19.70 22.25 23.81 21.94 22.02 22.39 23.71 21.67 21.94 21.11
Operating Profit 0.85 1.00 1.16 1.33 1.60 0.70 1.46 2.15 2.16 0.53 1.43 1.26 1.90
OPM % 6.09% 5.24% 7.79% 6.32% 6.71% 2.86% 6.24% 8.90% 8.80% 2.19% 6.19% 5.43% 8.26%
0.04 1.48 0.11 0.24 0.01 0.42 0.13 0.14 0.69 0.81 -0.28 1.03 0.11
Interest 0.57 0.81 0.79 0.91 0.66 0.47 0.86 0.84 0.92 1.09 0.91 1.07 0.93
Depreciation 0.21 0.27 0.34 0.39 0.39 0.35 0.42 0.42 0.40 0.41 0.41 0.41 0.41
Profit before tax 0.11 1.40 0.14 0.27 0.56 0.30 0.31 1.03 1.53 -0.16 -0.17 0.81 0.67
Tax % 27.27% 38.57% -14.29% 96.30% 75.00% -120.00% 25.81% 24.27% 25.49% 131.25% 23.53% 7.41% 16.42%
0.08 0.86 0.15 0.02 0.15 0.67 0.24 0.78 1.15 0.06 -0.13 0.75 0.56
EPS in Rs 0.08 0.85 0.15 0.02 0.15 0.67 0.24 0.77 1.14 0.06 -0.13 0.74 0.56
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
27.02 34.49 60.46 62.56 65.98 75.95 85.46 86.90 90.97 49.91 84.28 96.36 93.55
26.76 33.47 59.24 61.39 64.99 74.83 84.01 84.51 86.14 47.03 79.49 90.05 88.43
Operating Profit 0.26 1.02 1.22 1.17 0.99 1.12 1.45 2.39 4.83 2.88 4.79 6.31 5.12
OPM % 0.96% 2.96% 2.02% 1.87% 1.50% 1.47% 1.70% 2.75% 5.31% 5.77% 5.68% 6.55% 5.47%
0.00 0.00 0.05 0.07 -0.16 0.25 0.48 0.46 0.42 1.90 0.78 1.77 1.67
Interest 0.00 0.69 0.88 0.80 0.60 0.68 0.77 0.86 2.71 2.85 2.83 3.71 4.00
Depreciation 0.00 0.08 0.11 0.19 0.14 0.13 0.13 0.30 1.01 1.02 1.47 1.64 1.64
Profit before tax 0.26 0.25 0.28 0.25 0.09 0.56 1.03 1.69 1.53 0.91 1.27 2.73 1.15
Tax % 23.08% 48.00% 25.00% 28.00% 33.33% 42.86% 28.16% 24.85% 41.18% 60.44% 22.83% 18.68%
0.19 0.12 0.22 0.18 0.06 0.33 0.75 1.27 0.90 0.35 0.98 2.22 1.24
EPS in Rs 3.17 2.00 3.67 2.25 0.75 4.12 0.78 1.32 0.94 0.35 0.97 2.20 1.23
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 53.33% 31.50% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 11%
5 Years: 2%
3 Years: 2%
TTM: -3%
Compounded Profit Growth
10 Years: 35%
5 Years: 31%
3 Years: 37%
TTM: -53%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 14%
1 Year: -29%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 9%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0.25 0.25 0.25 0.33 0.33 0.33 4.00 4.00 4.00 10.07 10.07 10.07 10.07
Reserves 1.91 1.91 2.16 3.10 3.13 3.46 4.27 6.80 7.43 1.91 2.89 5.11 5.73
Preference Capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.20 0.20 0.00 0.00 0.00
2.40 5.47 7.65 4.18 3.05 5.35 5.03 14.92 22.24 34.02 38.88 37.77 40.62
9.06 11.52 16.75 20.81 31.48 15.35 31.64 21.32 22.01 21.78 19.14 24.35 27.97
Total Liabilities 13.62 19.15 26.81 28.42 37.99 24.49 44.94 47.04 55.68 67.78 70.98 77.30 84.39
0.21 2.49 2.39 1.70 1.33 1.25 1.56 2.36 12.48 14.21 21.71 23.33 22.48
CWIP 0.00 0.00 0.39 0.00 0.00 0.00 0.00 6.39 0.30 8.89 3.62 0.00 0.00
Investments 0.00 0.00 0.00 0.04 0.33 0.82 2.65 1.42 1.12 2.48 2.06 3.64 4.27
13.41 16.66 24.03 26.68 36.33 22.42 40.73 36.87 41.78 42.20 43.59 50.33 57.64
Total Assets 13.62 19.15 26.81 28.42 37.99 24.49 44.94 47.04 55.68 67.78 70.98 77.30 84.39

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.61 -0.57 -0.03 0.70 0.13 -2.45 -2.75 -2.85 1.96 1.39 5.85
0.00 -2.38 -0.38 0.99 -0.10 -0.54 -2.27 -6.61 -2.41 -10.19 -4.38 0.37
0.00 1.89 0.84 -0.85 -0.63 2.11 3.09 9.59 4.95 8.19 2.99 -6.20
Net Cash Flow 0.00 0.12 -0.12 0.11 -0.02 1.69 -1.62 0.22 -0.31 -0.05 0.00 0.02

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 144.14 117.68 104.32 110.27 144.00 74.01 137.23 123.49 106.05 221.44 133.61 128.30
Inventory Days 46.55 31.43 40.73 54.50 11.65 22.58 18.04 46.84 69.51 36.72 48.31
Days Payable 128.70 104.03 126.63 178.96 74.84 134.97 89.01 74.27 140.76 57.53 80.00
Cash Conversion Cycle 144.14 35.53 31.71 24.37 19.54 10.82 24.84 52.52 78.62 150.20 112.79 96.60
Working Capital Days 57.82 52.70 40.27 28.12 24.95 23.36 32.12 52.50 81.93 157.96 110.26 97.39
ROCE % 6.13% 15.42% 13.23% 12.22% 12.75% 15.72% 14.35% 12.29% 14.18% 9.29% 8.30% 12.54%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.86% 67.44% 67.04% 66.69% 64.90% 61.09% 61.09% 61.23% 61.23% 61.33% 61.33% 61.74%
29.14% 32.56% 32.96% 33.31% 35.10% 38.91% 38.91% 38.77% 38.76% 38.68% 38.68% 38.25%
No. of Shareholders 8619721,8682,5952,5789,1116,8106,5616,2936,1315,9195,929

Documents

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DRHP

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