Trident Ltd

Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels, Bedsheets), Paper and Chemicals.

Pros:
Company has reduced debt.
Stock is trading at 1.01 times its book value
Company has good consistent profit growth of 40.28% over 5 years
Company has been maintaining a healthy dividend payout of 23.53%
Cons:
The company has delivered a poor growth of 6.59% over past five years.
Company has a low return on equity of 11.51% for last 3 years.
Company might be capitalizing the interest cost

Peer Comparison Sector: Textiles // Industry: Textiles - Products

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019
1,148 1,121 1,262 1,166 1,121 1,094 1,186 1,131 1,392 1,291 1,405 1,305
934 896 1,051 926 947 867 974 937 1,131 1,023 1,148 1,009
Operating Profit 214 225 210 239 174 227 212 194 260 269 257 296
OPM % 19% 20% 17% 21% 16% 21% 18% 17% 19% 21% 18% 23%
Other Income 31 11 52 20 35 4 2 9 11 15 11 8
Interest 36 30 32 33 32 25 28 27 26 29 32 36
Depreciation 104 104 101 102 102 101 98 94 92 89 89 85
Profit before tax 105 102 129 124 75 105 88 82 153 165 147 183
Tax % 24% 23% 23% 28% 32% 30% 42% 28% 29% 32% 37% 33%
Net Profit 80 79 100 89 51 73 51 59 109 111 93 123
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
814 1,045 1,397 1,792 2,509 2,720 3,318 3,841 3,735 3,665 4,617 4,564 5,394
664 911 1,142 1,436 2,111 2,420 2,763 3,110 3,074 2,935 3,732 3,744 4,312
Operating Profit 150 134 255 357 398 300 555 732 661 730 886 820 1,082
OPM % 18% 13% 18% 20% 16% 11% 17% 19% 18% 20% 19% 18% 20%
Other Income 29 48 -138 21 16 20 22 12 34 33 106 94 45
Interest 38 47 83 110 129 172 235 210 206 145 141 118 124
Depreciation 80 86 116 174 195 208 261 268 321 337 412 404 354
Profit before tax 61 48 -83 93 90 -59 81 265 168 282 438 392 649
Tax % 33% 17% 36% 39% 26% 26% 39% 26% 30% 14% 23% 33%
Net Profit 41 40 -53 56 67 -44 49 197 118 242 337 264 436
EPS in Rs 2.11 2.06 0.00 2.54 2.78 0.00 1.59 6.26 2.21 4.76 6.61 5.18
Dividend Payout % 0% 0% -0% 0% 40% -0% 0% 5% 26% 19% 23% 29%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.89%
5 Years:6.59%
3 Years:6.91%
TTM:19.03%
Compounded Profit Growth
10 Years:45.51%
5 Years:40.28%
3 Years:31.00%
TTM:86.61%
Return on Equity
10 Years:11.43%
5 Years:12.49%
3 Years:11.51%
Last Year:9.37%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
194 194 222 222 222 306 311 311 509 509 510 510 510
Reserves 205 245 224 281 309 343 395 577 947 1,906 2,215 2,399 2,422
Borrowings 990 1,286 1,557 1,711 1,918 2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,096
156 258 353 301 409 412 377 449 517 803 812 737 1,076
Total Liabilities 1,546 1,983 2,356 2,515 2,859 3,344 3,323 3,199 4,552 6,721 6,386 6,444 6,103
773 807 1,472 1,542 1,593 2,148 1,968 1,796 2,864 4,693 4,344 4,069 3,716
CWIP 301 634 209 176 63 6 28 36 222 62 123 177 132
Investments 46 76 119 36 45 56 64 119 31 52 75 84 160
426 466 556 761 1,158 1,134 1,262 1,249 1,435 1,914 1,844 2,114 2,096
Total Assets 1,546 1,983 2,356 2,515 2,859 3,344 3,323 3,199 4,552 6,721 6,386 6,444 6,103

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
108 135 181 117 75 416 380 747 544 533 1,000 476
-344 -403 -443 -154 -172 -615 -100 -174 -114 -1,199 -168 -188
241 254 242 43 77 211 -285 -574 -432 667 -808 -268
Net Cash Flow 5 -13 -20 6 -20 12 -5 -1 -2 1 23 20

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROCE % 8% 4% 8% 9% 9% 4% 11% 17% 11% 9% 10% 9%
Debtor Days 13 14 16 19 29 26 26 25 20 26 30 38
Inventory Turnover 3.77 4.55 6.40 5.88 4.66 4.54 5.48 5.76 5.38 4.46 5.54 5.45