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 7,771 Cr.
  • Current Price 15.2
  • High / Low 17.0 / 4.45
  • Stock P/E 28.9
  • Book Value 6.29
  • Dividend Yield 2.36 %
  • ROCE 10.2 %
  • ROE 11.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 40.34%
  • Debtor days have improved from 34.62 to 21.26 days.

Cons

  • The company has delivered a poor sales growth of 4.82% over past five years.
  • Company has a low return on equity of 11.30% 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
1,136 1,401 1,304 1,408 1,312 1,341 1,082 991 709 1,174 1,303
941 1,138 1,036 1,151 1,015 1,083 943 846 595 944 1,061
Operating Profit 195 262 268 256 297 258 140 146 113 230 242
OPM % 17% 19% 21% 18% 23% 19% 13% 15% 16% 20% 19%
Other Income 9 11 13 12 6 6 9 7 6 4 4
Interest 27 25 28 32 36 27 24 28 23 12 13
Depreciation 94 92 89 89 85 85 82 82 82 83 83
Profit before tax 83 157 164 147 183 152 42 44 13 139 149
Tax % 29% 30% 33% 37% 33% 8% 12% 8% 24% 24% 25%
Net Profit 59 110 110 92 122 140 37 40 10 106 112
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

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,045 1,397 1,792 2,720 3,318 3,841 3,737 3,666 4,625 4,559 5,249 4,728 4,177
911 1,143 1,452 2,420 2,763 3,110 3,076 2,936 3,740 3,708 4,266 3,882 3,446
Operating Profit 134 254 340 300 555 732 661 730 885 851 983 845 731
OPM % 13% 18% 19% 11% 17% 19% 18% 20% 19% 19% 19% 18% 18%
Other Income 47 -138 37 20 22 12 34 33 107 63 44 20 21
Interest 47 83 110 172 235 210 206 145 141 118 112 111 76
Depreciation 86 116 174 208 261 268 321 337 412 404 364 334 330
Profit before tax 47 -83 93 -59 81 265 168 281 439 392 550 421 345
Tax % 17% 36% 39% 26% 39% 26% 30% 14% 23% 32% 32% 19%
Net Profit 39 -53 56 -43 49 194 118 242 337 266 372 340 268
EPS in Rs 0.20 -0.24 0.25 -0.14 0.16 0.62 0.23 0.48 0.66 0.52 0.73 0.67 0.53
Dividend Payout % 0% 0% 0% 0% 0% 5% 26% 19% 22% 28% 40% 53%
Compounded Sales Growth
10 Years:10%
5 Years:5%
3 Years:1%
TTM:-19%
Compounded Profit Growth
10 Years:20%
5 Years:24%
3 Years:0%
TTM:-31%
Stock Price CAGR
10 Years:28%
5 Years:25%
3 Years:34%
1 Year:228%
Return on Equity
10 Years:%
5 Years:12%
3 Years:11%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
194 222 222 306 311 311 509 509 498 498 498 498 498
Reserves 244 223 279 342 395 574 947 1,927 2,259 2,228 2,475 2,523 2,706
Borrowings 1,310 1,557 1,711 2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,984 895
252 295 282 335 341 434 472 591 578 639 747 771 996
Total Liabilities 2,000 2,296 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,094
832 1,497 1,568 2,148 1,968 1,796 2,864 4,693 4,345 3,902 3,717 3,681 3,560
CWIP 634 210 176 6 28 36 222 62 123 177 132 145 171
Investments 75 118 35 56 64 115 31 72 105 115 198 128 108
458 472 714 1,057 1,227 1,234 1,390 1,702 1,611 1,969 2,109 1,822 1,255
Total Assets 2,000 2,296 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,094

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
131 205 115 416 380 747 544 532 999 476 656 1,214
-423 -442 -154 -615 -100 -173 -114 -1,199 -167 -188 -51 -43
279 217 45 211 -285 -574 -432 667 -808 -268 -643 -862
Net Cash Flow -13 -20 6 12 -5 -0 -2 1 23 20 -38 309

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 5% 8% 9% 11% 17% 11% 9% 10% 9% 12% 10%
Debtor Days 14 16 19 26 26 25 20 25 30 37 46 21
Inventory Turnover 2.73 3.76 3.46 3.48 3.51 3.23 2.48 3.11 3.16 2.99 2.68

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
67.78 68.45 70.77 70.77 71.06 71.06 71.06 71.06 71.07 71.84 73.02 73.02
1.26 1.35 1.45 1.80 2.09 2.25 2.17 2.05 1.68 1.60 1.61 1.68
2.14 2.08 0.39 0.24 0.22 0.17 0.08 0.05 0.06 0.02 0.01 0.02
0.00 0.00 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92
28.81 28.12 26.47 26.26 25.70 25.60 25.77 25.91 26.27 25.61 22.48 22.40
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.96 1.96

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