Trident Ltd

Trident Ltd

₹ 40.0 0.25%
24 Apr 11:37 a.m.
About

Incorporated in 1990, Trident Ltd manufactures, trades, and sells Yarn, Terry Towels & Bed sheets, and Paper & Chemicals[1]

Key Points

Product Profile[1][2]
a) Yarn:
100% cotton combed yarn, Slub yarn, Open-End yarn, Blended yarn, etc.
b) Home Textiles: **
It includes Bath and Bed linen. Some of the products are Comforters, Solid Printed Sheets, Decorative pillows, etc.
c)
Paper: **
This includes Branded copiers, Maplitho paper, Bible and offset printing paper
d) Chemicals:
North India’s largest commercial and battery-grade sulphuric acid manufacturer

  • Market Cap 20,410 Cr.
  • Current Price 40.0
  • High / Low 52.9 / 30.3
  • Stock P/E 49.2
  • Book Value 8.12
  • Dividend Yield 0.89 %
  • ROCE 11.6 %
  • ROE 10.6 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 39.7%
  • Debtor days have improved from 26.8 to 15.8 days.
  • Company's working capital requirements have reduced from 71.3 days to 42.9 days

Cons

  • Stock is trading at 4.96 times its book value
  • The company has delivered a poor sales growth of 6.54% over past five years.
  • Company might be capitalizing the interest cost

* 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: Textiles Industry: Textiles - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1,290 1,350 1,477 1,663 1,958 1,847 1,667 1,419 1,618 1,563 1,467 1,761 1,823
1,052 1,114 1,097 1,260 1,555 1,520 1,413 1,276 1,346 1,315 1,239 1,522 1,564
Operating Profit 238 236 380 403 403 328 254 143 273 248 228 240 259
OPM % 18% 17% 26% 24% 21% 18% 15% 10% 17% 16% 16% 14% 14%
62 -28 3 10 -22 6 5 5 6 8 11 50 14
Interest 13 23 25 20 22 18 18 20 18 22 31 34 40
Depreciation 83 88 87 87 78 81 76 77 78 79 87 88 89
Profit before tax 204 96 270 306 281 234 165 51 183 156 121 168 144
Tax % 22% 22% 25% 25% 26% 26% 25% 22% 22% 25% 25% 24% 25%
160 76 204 229 209 174 124 40 142 116 90 128 107
EPS in Rs 0.31 0.15 0.40 0.45 0.41 0.34 0.24 0.08 0.28 0.23 0.18 0.25 0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
2,720 3,318 3,841 3,735 3,665 4,617 4,566 5,220 4,699 4,519 6,919 6,267 6,614
2,420 2,763 3,109 3,074 2,935 3,732 3,714 4,242 3,858 3,705 5,424 5,349 5,639
Operating Profit 300 555 732 661 730 886 852 977 841 814 1,495 918 975
OPM % 11% 17% 19% 18% 20% 19% 19% 19% 18% 18% 22% 15% 15%
20 22 12 34 33 106 62 46 24 40 15 24 84
Interest 172 235 210 206 145 141 118 112 111 72 86 77 127
Depreciation 208 261 268 321 337 412 404 364 333 336 333 310 344
Profit before tax -59 81 265 168 282 438 392 547 421 445 1,092 554 588
Tax % 26% 39% 26% 30% 14% 23% 32% 32% 19% 22% 25% 24%
-44 49 197 118 242 337 266 371 342 346 815 422 442
EPS in Rs -0.14 0.16 0.63 0.23 0.48 0.66 0.52 0.73 0.67 0.68 1.60 0.83 0.87
Dividend Payout % 0% 0% 5% 26% 19% 23% 29% 41% 54% 53% 23% 43%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 10%
TTM: 1%
Compounded Profit Growth
10 Years: 24%
5 Years: 10%
3 Years: 8%
TTM: -14%
Stock Price CAGR
10 Years: 38%
5 Years: 43%
3 Years: 44%
1 Year: 31%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 306 311 311 509 509 510 510 510 510 510 510 510 510
Reserves 343 395 577 947 1,906 2,215 2,184 2,422 2,457 2,807 3,288 3,616 3,628
2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,991 1,562 1,596 1,404 1,631
335 341 434 468 588 576 638 736 761 876 1,037 1,184 1,214
Total Liabilities 3,267 3,287 3,185 4,504 6,506 6,150 6,129 6,103 5,718 5,754 6,431 6,713 6,983
2,148 1,968 1,796 2,864 4,693 4,344 3,902 3,716 3,681 3,790 3,712 4,054 4,391
CWIP 6 28 36 222 62 123 177 132 145 64 83 368 300
Investments 56 64 119 31 52 75 84 160 79 4 4 3 3
1,057 1,226 1,234 1,387 1,699 1,608 1,967 2,095 1,813 1,896 2,632 2,288 2,288
Total Assets 3,267 3,287 3,185 4,504 6,506 6,150 6,129 6,103 5,718 5,754 6,431 6,713 6,983

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
416 380 747 544 533 1,000 476 653 1,209 499 906 1,433
-615 -100 -174 -114 -1,199 -168 -188 -42 -34 -149 -349 -1,165
211 -285 -574 -432 667 -808 -268 -650 -867 -570 -403 -407
Net Cash Flow 12 -5 -1 -2 1 23 20 -38 309 -220 154 -139

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 26 26 25 20 26 30 38 46 22 37 28 16
Inventory Days 117 137 114 141 190 126 145 150 155 182 143 112
Days Payable 41 33 39 41 47 28 27 27 34 53 50 60
Cash Conversion Cycle 102 130 100 120 168 128 156 170 143 165 120 69
Working Capital Days 52 57 46 51 82 58 86 88 48 93 78 43
ROCE % 4% 11% 17% 11% 9% 10% 9% 12% 10% 10% 23% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.02% 73.02% 72.94% 72.94% 72.94% 72.94% 72.94% 73.19% 73.19% 73.19% 73.19% 73.19%
1.60% 2.14% 2.48% 3.13% 3.17% 2.59% 2.36% 2.43% 2.47% 2.56% 2.55% 2.65%
0.01% 0.01% 0.02% 0.01% 0.05% 0.05% 0.04% 0.04% 0.05% 0.05% 0.06% 0.05%
0.92% 0.92% 1.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
22.48% 21.99% 20.87% 22.13% 22.05% 22.65% 22.90% 23.09% 23.03% 22.95% 22.96% 22.85%
1.96% 1.92% 1.82% 1.79% 1.79% 1.76% 1.76% 1.25% 1.25% 1.25% 1.25% 1.25%
No. of Shareholders 6,39,0658,75,17515,61,15017,35,24118,14,05818,78,77819,14,28419,15,80919,18,10820,04,43619,83,66721,18,064

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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