Trident Ltd

About [ edit ]

Trident Limited, the flagship company of the Trident Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based paper, Chemicals and Captive Power. Currently, the company has manufacturing facilities in Barnala (Punjab) and Budhni (Madhya Pradesh). #

Key Points [ edit ]
  • Market Cap 10,523 Cr.
  • Current Price 20.6
  • High / Low 20.6 / 6.00
  • Stock P/E 32.0
  • Book Value 6.53
  • Dividend Yield 1.74 %
  • ROCE 10.2 %
  • ROE 10.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 51.08%

Cons

  • Stock is trading at 3.16 times its book value
  • The company has delivered a poor sales growth of 4.33% over past five years.
  • Company has a low return on equity of 11.48% for last 3 years.
  • Company might be capitalizing the interest cost

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,136 1,401 1,304 1,408 1,312 1,341 1,082 991 709 1,174 1,303 1,345
941 1,138 1,036 1,151 1,015 1,083 943 846 595 944 1,061 1,108
Operating Profit 195 262 268 256 297 258 140 146 113 230 242 237
OPM % 17% 19% 21% 18% 23% 19% 13% 15% 16% 20% 19% 18%
Other Income 9 11 13 12 6 6 9 7 6 4 4 -28
Interest 27 25 28 32 36 27 24 28 23 12 13 23
Depreciation 94 92 89 89 85 85 82 82 82 83 83 88
Profit before tax 83 157 164 147 183 152 42 44 13 139 149 97
Tax % 29% 30% 33% 37% 33% 8% 12% 8% 24% 24% 25% 22%
Net Profit 59 110 110 92 122 140 37 40 10 106 112 76
EPS in Rs 0.12 0.22 0.22 0.18 0.24 0.27 0.07 0.08 0.02 0.21 0.22 0.15

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,397 1,792 2,720 3,318 3,841 3,737 3,666 4,625 4,559 5,249 4,728 4,531
1,143 1,452 2,420 2,763 3,110 3,076 2,936 3,740 3,708 4,266 3,882 3,708
Operating Profit 254 340 300 555 732 661 730 885 851 983 845 823
OPM % 18% 19% 11% 17% 19% 18% 20% 19% 19% 19% 18% 18%
Other Income -138 37 20 22 12 34 33 107 63 44 20 -15
Interest 83 110 172 235 210 206 145 141 118 112 111 72
Depreciation 116 174 208 261 268 321 337 412 404 364 334 337
Profit before tax -83 93 -59 81 265 168 281 439 392 550 421 398
Tax % 36% 39% 26% 39% 26% 30% 14% 23% 32% 32% 19% 24%
Net Profit -53 56 -43 49 194 118 242 337 266 372 340 304
EPS in Rs -0.24 0.25 -0.14 0.16 0.62 0.23 0.48 0.66 0.52 0.73 0.67 0.60
Dividend Payout % 0% 0% 0% 0% 5% 26% 19% 22% 28% 40% 53% 60%
Compounded Sales Growth
10 Years:%
5 Years:4%
3 Years:-0%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:8%
TTM:-3%
Stock Price CAGR
10 Years:32%
5 Years:36%
3 Years:48%
1 Year:208%
Return on Equity
10 Years:%
5 Years:11%
3 Years:11%
Last Year:10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
222 222 306 311 311 509 509 498 498 498 498 510
Reserves 223 279 342 395 574 947 1,927 2,259 2,228 2,475 2,523 2,819
Borrowings 1,557 1,711 2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,984 1,515
295 282 335 341 434 472 591 578 639 747 771 928
Total Liabilities 2,296 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772
1,497 1,568 2,148 1,968 1,796 2,864 4,693 4,345 3,902 3,717 3,681 3,798
CWIP 210 176 6 28 36 222 62 123 177 132 145 57
Investments 118 35 56 64 115 31 72 105 115 198 128 1
472 714 1,057 1,227 1,234 1,390 1,702 1,611 1,969 2,109 1,822 1,915
Total Assets 2,296 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
205 115 416 380 747 544 532 999 476 656 1,214 505
-442 -154 -615 -100 -173 -114 -1,199 -167 -188 -51 -43 -155
217 45 211 -285 -574 -432 667 -808 -268 -643 -862 -570
Net Cash Flow -20 6 12 -5 -0 -2 1 23 20 -38 309 -220

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 8% 9% 11% 17% 11% 9% 10% 9% 12% 10% 10%
Debtor Days 16 19 26 26 25 20 25 30 37 46 21 36
Inventory Turnover 3.76 3.46 3.48 3.51 3.23 2.48 3.11 3.16 2.99 2.68 2.08

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
68.45 70.77 70.77 71.06 71.06 71.06 71.06 71.07 71.84 73.02 73.02 73.02
1.35 1.45 1.80 2.09 2.25 2.17 2.05 1.68 1.60 1.61 1.68 1.60
2.08 0.39 0.24 0.22 0.17 0.08 0.05 0.06 0.02 0.01 0.02 0.01
0.00 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92
28.12 26.47 26.26 25.70 25.60 25.77 25.91 26.27 25.61 22.48 22.40 22.48
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.96 1.96 1.96

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