Trident Ltd

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

Trident Ltd

₹ 31.4 1.62%
10 Jun 2:40 p.m.
tridentindia.com BSE: 521064 NSE: TRIDENT
About

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

Key Points

Market Leadership
The company is the World’s largest wheat straw-based paper manufacturer. It is No. 1 in North India in the branded copier segment. [1] It is the largest player in terms of terry towel capacity & one of the largest players in home textile space in India. Its paper segment has the Highest Operating Margin among key listed players in India. [2] It is also the second-largest exporter from India for home textile products. [3] The company is the major manufacturer of industrial and battery-grade sulphuric acid in the Northern regions of India. [4]

Website BSE NSE
  • Market Cap ₹ 16,002 Cr.
  • Current Price ₹ 31.4
  • High / Low ₹ 41.8 / 23.1
  • Stock P/E 43.3
  • Book Value ₹ 9.07
  • Dividend Yield 1.59 %
  • ROCE 9.52 %
  • ROE 8.28 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 47.9%

Cons

  • Stock is trading at 3.46 times its book value
  • The company has delivered a poor sales growth of 8.13% over past five years.
  • Company has a low return on equity of 9.09% over last 3 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,870 1,680 1,438 1,641 1,573 1,494 1,798 1,835 1,682 1,743 1,713 1,667 1,864
1,532 1,418 1,297 1,367 1,305 1,262 1,557 1,572 1,477 1,517 1,487 1,453 1,619
Operating Profit 338 262 141 274 269 231 240 263 205 225 226 214 245
OPM % 18% 16% 10% 17% 17% 15% 13% 14% 12% 13% 13% 13% 13%
7 5 5 8 7 11 15 14 18 15 11 15 19
Interest 19 19 20 19 22 32 35 40 49 47 46 35 3
Depreciation 81 76 78 78 80 89 89 90 96 92 92 93 90
Profit before tax 244 172 48 186 173 122 130 146 78 102 99 102 172
Tax % 26% 25% 22% 22% 24% 25% 31% 25% 24% 28% 16% 21% 22%
181 129 37 144 131 91 90 109 59 74 83 80 133
EPS in Rs 0.36 0.25 0.07 0.28 0.25 0.18 0.18 0.21 0.11 0.14 0.16 0.16 0.26
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,841 3,737 3,666 4,625 4,559 5,249 4,728 4,531 6,998 6,332 6,809 6,987
3,109 3,075 2,936 3,740 3,708 4,266 3,882 3,705 5,478 5,386 5,869 6,076
Operating Profit 732 661 730 885 852 983 846 826 1,520 947 940 911
OPM % 19% 18% 20% 19% 19% 19% 18% 18% 22% 15% 14% 13%
12 34 33 107 63 44 20 -18 16 25 58 60
Interest 210 206 145 141 118 112 111 72 86 80 156 130
Depreciation 268 321 337 412 404 364 334 337 333 313 365 366
Profit before tax 265 168 281 439 392 550 421 398 1,116 579 477 475
Tax % 26% 30% 14% 23% 32% 32% 19% 24% 25% 24% 27% 22%
194 118 242 337 266 372 340 304 834 442 350 371
EPS in Rs 0.62 0.23 0.48 0.66 0.52 0.73 0.67 0.60 1.64 0.86 0.69 0.73
Dividend Payout % 5% 26% 19% 22% 28% 40% 53% 60% 22% 42% 52% 50%
Compounded Sales Growth
10 Years: 6%
5 Years: 8%
3 Years: 0%
TTM: 3%
Compounded Profit Growth
10 Years: 12%
5 Years: 2%
3 Years: -24%
TTM: 7%
Stock Price CAGR
10 Years: 30%
5 Years: 35%
3 Years: -10%
1 Year: -17%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 311 509 509 498 498 498 498 510 510 510 510 510
Reserves 617 947 1,927 2,259 2,228 2,475 2,523 2,819 3,335 3,683 3,806 4,111
1,862 2,580 3,503 2,849 2,798 2,436 1,991 1,562 1,597 1,442 2,126 1,635
391 472 591 578 639 747 764 881 1,048 1,194 1,122 904
Total Liabilities 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489 6,829 7,563 7,161
1,796 2,864 4,693 4,345 3,902 3,717 3,681 3,791 3,713 4,094 4,608 4,458
CWIP 36 222 62 123 177 132 145 64 83 368 88 49
Investments 115 31 72 105 115 198 128 1 2 0 49 0
1,234 1,390 1,702 1,611 1,969 2,109 1,822 1,915 2,691 2,366 2,819 2,653
Total Assets 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489 6,829 7,563 7,161

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
747 544 532 999 476 656 1,214 505 903 1,426 287 945
-173 -114 -1,199 -167 -188 -51 -43 -155 -343 -1,160 -728 -205
-574 -432 667 -808 -268 -643 -862 -570 -387 -410 340 -682
Net Cash Flow -0 -2 1 23 20 -38 309 -220 172 -144 -100 57

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 20 25 30 37 46 21 36 27 16 22 16
Inventory Days 114 142 191 127 148 152 156 185 143 117 147 126
Days Payable 39 41 47 28 27 28 34 54 50 58 50 34
Cash Conversion Cycle 100 120 169 128 158 169 143 167 121 75 119 107
Working Capital Days 46 51 82 58 85 88 48 93 79 46 73 63
ROCE % 17% 11% 9% 10% 9% 12% 10% 10% 23% 12% 10% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
72.94% 72.94% 72.94% 73.19% 73.19% 73.19% 73.19% 73.19% 73.19% 73.19% 73.19% 73.68%
3.17% 2.59% 2.36% 2.43% 2.47% 2.56% 2.55% 2.65% 2.63% 2.73% 2.83% 3.02%
0.05% 0.05% 0.04% 0.04% 0.05% 0.05% 0.06% 0.05% 0.06% 0.07% 0.09% 0.10%
22.05% 22.65% 22.90% 23.09% 23.03% 22.95% 22.96% 22.85% 22.87% 22.76% 22.82% 22.89%
1.79% 1.76% 1.76% 1.25% 1.25% 1.25% 1.25% 1.25% 1.25% 1.25% 1.06% 0.31%
No. of Shareholders 18,14,05818,78,77819,14,28419,15,80919,18,10820,04,43619,83,66721,18,06421,14,61820,82,19621,41,41021,34,368

* 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.

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