Trident Techlabs Ltd
Incorporated in 2000, Trident Techlabs Ltd
sells goods and also provides power sector consultancy[1]
- Market Cap ₹ 607 Cr.
- Current Price ₹ 351
- High / Low ₹ 1,670 / 346
- Stock P/E 31.2
- Book Value ₹ 39.2
- Dividend Yield 0.28 %
- ROCE 26.7 %
- ROE 22.0 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.1%
Cons
- Stock is trading at 8.95 times its book value
- Company has high debtors of 302 days.
* 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 28 | 30 | 67 | 73 | 77 | 119 | |
| 24 | 25 | 57 | 57 | 58 | 89 | |
| Operating Profit | 5 | 5 | 10 | 16 | 19 | 30 |
| OPM % | 16% | 16% | 15% | 22% | 25% | 25% |
| 0 | 0 | 1 | 0 | 1 | 1 | |
| Interest | 4 | 3 | 4 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 0 | 1 | 1 |
| Profit before tax | -0 | 1 | 6 | 13 | 16 | 26 |
| Tax % | -20% | 29% | 27% | 26% | 26% | |
| -0 | 1 | 5 | 9 | 12 | 19 | |
| EPS in Rs | -1.18 | 2.29 | 16.70 | 5.42 | 6.67 | 11.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 37% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 163% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 25% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 17 | 17 | 17 |
| Reserves | 10 | 11 | 17 | 29 | 41 | 50 |
| 30 | 30 | 23 | 19 | 13 | 18 | |
| 16 | 12 | 8 | 33 | 20 | 17 | |
| Total Liabilities | 59 | 55 | 50 | 99 | 91 | 103 |
| 2 | 2 | 2 | 2 | 4 | 4 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 |
| 57 | 54 | 48 | 97 | 87 | 98 | |
| Total Assets | 59 | 55 | 50 | 99 | 91 | 103 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -3 | 2 | 11 | -17 | 16 | |
| -0 | -0 | -0 | -4 | -4 | |
| 2 | -4 | -11 | 21 | -9 | |
| Net Cash Flow | -1 | -1 | -0 | 0 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 512 | 496 | 203 | 300 | 302 |
| Inventory Days | 288 | 181 | 44 | ||
| Days Payable | 879 | 529 | 222 | ||
| Cash Conversion Cycle | -78 | 148 | 203 | 300 | 124 |
| Working Capital Days | 177 | 327 | 164 | 149 | 232 |
| ROCE % | 9% | 23% | 29% | 27% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
24 November 2025 - Earnings call for H1 FY26 on Dec 5, 2025 at 4:00 PM; management to participate.
-
Press Release
13 November 2025 - H1 FY26 revenue ~Rs63.50cr (3x), PAT up 229% YoY; order book ₹54.142cr; DRDO order ₹71.73cr.
-
Voluntary Revision of Financial statements or Report
11 November 2025 - Approved unaudited standalone and consolidated results for half-year ended Sep 30, 2025; limited review reports enclosed.
-
Outcome of Board Meeting
11 November 2025 - Approved unaudited standalone and consolidated results for half year ended Sept 30, 2025; limited review reports enclosed.
-
Outcome of Board Meeting
11 November 2025 - Board approved unaudited standalone and consolidated results for H1 ended Sep 30, 2025 on Nov 11, 2025.
Annual reports
Concalls
-
Jun 2025Transcript PPT
-
Nov 2024Transcript PPT REC
Business Profile[1]
Trident Techlabs Limited is a “knowledge-based corporation'' offering custom-built technology solutions for engineering excellence in Electrical Power, Cyber Security, Engineering Solutions, and the Semiconductor industry.