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 1.10 times its book value
Stock is providing a good dividend yield of 4.50%.
Company has been maintaining a healthy dividend payout of 30.88%
Cons:
The company has delivered a poor growth of 6.32% over past five years.
Company has a low return on equity of 11.86% 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

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
1,121 1,262 1,166 1,121 1,094 1,186 1,131 1,392 1,291 1,405 1,305 1,321
896 1,051 926 947 867 974 937 1,133 1,023 1,148 1,009 1,069
Operating Profit 225 210 239 174 227 212 194 259 269 257 296 252
OPM % 20% 17% 21% 16% 21% 18% 17% 19% 21% 18% 23% 19%
Other Income 11 52 20 35 4 2 9 11 15 11 8 7
Interest 30 32 33 32 25 28 27 25 29 32 36 27
Depreciation 104 101 102 102 101 98 94 92 89 89 85 85
Profit before tax 102 129 124 75 105 88 82 153 165 147 183 147
Tax % 23% 23% 28% 32% 30% 42% 28% 29% 32% 37% 33% 7%
Net Profit 79 100 89 51 73 51 59 108 111 93 123 137
EPS in Rs 1.54 1.96 1.75 1.00 1.43 1.01 1.15 2.13 2.19 1.82 2.42 2.69
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,045 1,397 1,792 2,509 2,720 3,318 3,841 3,735 3,665 4,617 4,566 5,220 5,323
911 1,142 1,436 2,111 2,420 2,763 3,110 3,074 2,935 3,732 3,714 4,236 4,249
Operating Profit 134 255 357 398 300 555 732 661 730 886 852 983 1,074
OPM % 13% 18% 20% 16% 11% 17% 19% 18% 20% 19% 19% 19% 20%
Other Income 48 -138 21 16 20 22 12 34 33 106 62 46 41
Interest 47 83 110 129 172 235 210 206 145 141 118 118 125
Depreciation 86 116 174 195 208 261 268 321 337 412 404 364 347
Profit before tax 48 -83 93 90 -59 81 265 168 282 438 392 547 643
Tax % 17% 36% 39% 26% 26% 39% 26% 30% 14% 23% 32% 32%
Net Profit 40 -53 56 67 -44 49 197 118 242 337 266 371 464
EPS in Rs 2.06 0.00 2.54 2.78 0.00 1.59 6.26 2.21 4.76 6.61 5.22 7.28 9.12
Dividend Payout % 0% -0% 0% 40% -0% 0% 5% 26% 19% 23% 29% 41%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:14.09%
5 Years:6.32%
3 Years:12.51%
TTM:10.84%
Compounded Profit Growth
10 Years:14.59%
5 Years:12.65%
3 Years:14.56%
TTM:59.37%
Stock Price CAGR
10 Years:16.23%
5 Years:19.92%
3 Years:4.60%
1 Year:1.68%
Return on Equity
10 Years:11.48%
5 Years:11.78%
3 Years:11.86%
Last Year:12.92%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
194 222 222 222 306 311 311 509 509 510 510 510 510
Reserves 245 224 281 309 343 395 577 947 1,906 2,215 2,184 2,422 2,575
Borrowings 1,286 1,557 1,711 1,918 2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,458
258 353 301 409 412 377 449 517 803 812 767 775 1,122
Total Liabilities 1,983 2,356 2,515 2,859 3,344 3,323 3,199 4,552 6,721 6,386 6,258 6,142 5,666
807 1,472 1,542 1,593 2,148 1,968 1,796 2,864 4,693 4,344 3,902 3,716 3,727
CWIP 634 209 176 63 6 28 36 222 62 123 177 132 176
Investments 76 119 36 45 56 64 119 31 52 75 84 160 314
466 556 761 1,158 1,134 1,262 1,249 1,435 1,914 1,844 2,096 2,135 1,449
Total Assets 1,983 2,356 2,515 2,859 3,344 3,323 3,199 4,552 6,721 6,386 6,258 6,142 5,666

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
135 181 117 75 416 380 747 544 533 1,000 476 653
-403 -443 -154 -172 -615 -100 -174 -114 -1,199 -168 -188 -42
254 242 43 77 211 -285 -574 -432 667 -808 -268 -650
Net Cash Flow -13 -20 6 -20 12 -5 -1 -2 1 23 20 -38

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 4% 8% 9% 9% 4% 11% 17% 11% 9% 10% 9% 12%
Debtor Days 14 16 19 29 26 26 25 20 26 30 38 46
Inventory Turnover 4.55 6.40 5.88 4.66 4.54 5.48 5.76 5.38 4.46 5.54 5.45 5.47