Trident Ltd

Trident Ltd

₹ 43.6 -1.24%
27 Feb 3:49 p.m.
About

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

Key Points

Product Profile[1][2]
a) Yarn:
100% cotton combed yarn, Slub yarn, Open-End yarn, Blended yarn, etc.
b) Home Textiles: **
It includes Bath and Bed linen. Some of the products are Comforters, Solid Printed Sheets, Decorative pillows, etc.
c)
Paper: **
This includes Branded copiers, Maplitho paper, Bible and offset printing paper
d) Chemicals:
North India’s largest commercial and battery-grade sulphuric acid manufacturer

  • Market Cap 22,244 Cr.
  • Current Price 43.6
  • High / Low 52.9 / 25.0
  • Stock P/E 52.9
  • Book Value 8.14
  • Dividend Yield 0.80 %
  • ROCE 11.9 %
  • ROE 11.0 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 41.3%
  • Debtor days have improved from 26.5 to 15.9 days.
  • Company's working capital requirements have reduced from 72.6 days to 45.7 days

Cons

  • The company has delivered a poor sales growth of 6.79% over past five 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

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,303 1,345 1,482 1,692 1,980 1,870 1,680 1,438 1,641 1,573 1,494 1,798 1,835
1,061 1,108 1,098 1,281 1,574 1,532 1,418 1,297 1,367 1,305 1,262 1,557 1,572
Operating Profit 242 237 384 411 406 338 262 141 274 269 231 240 263
OPM % 19% 18% 26% 24% 21% 18% 16% 10% 17% 17% 15% 13% 14%
4 -28 3 10 -23 7 5 5 8 7 11 15 14
Interest 13 23 25 20 22 19 19 20 19 22 32 35 40
Depreciation 83 88 87 87 78 81 76 78 78 80 89 89 90
Profit before tax 149 97 275 314 284 244 172 48 186 173 122 130 146
Tax % 25% 22% 25% 25% 26% 26% 25% 22% 22% 24% 25% 31% 25%
112 76 207 235 211 181 129 37 144 131 91 90 109
EPS in Rs 0.22 0.15 0.41 0.46 0.41 0.36 0.25 0.07 0.28 0.26 0.18 0.18 0.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,720 3,318 3,841 3,737 3,666 4,625 4,559 5,249 4,728 4,531 6,998 6,332 6,700
2,420 2,763 3,109 3,075 2,936 3,740 3,708 4,266 3,882 3,705 5,478 5,386 5,696
Operating Profit 300 555 732 661 730 885 852 983 846 826 1,520 947 1,003
OPM % 11% 17% 19% 18% 20% 19% 19% 19% 18% 18% 22% 15% 15%
20 22 12 34 33 107 63 44 20 -18 16 25 47
Interest 172 235 210 206 145 141 118 112 111 72 86 80 130
Depreciation 208 261 268 321 337 412 404 364 334 337 333 313 349
Profit before tax -59 81 265 168 281 439 392 550 421 398 1,116 579 572
Tax % 26% 39% 26% 30% 14% 23% 32% 32% 19% 24% 25% 24%
-43 49 194 118 242 337 266 372 340 304 834 442 422
EPS in Rs -0.14 0.16 0.62 0.23 0.48 0.66 0.52 0.73 0.67 0.60 1.64 0.86 0.83
Dividend Payout % 0% 0% 5% 26% 19% 22% 28% 40% 53% 60% 22% 42%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 10%
TTM: 1%
Compounded Profit Growth
10 Years: 25%
5 Years: 11%
3 Years: 9%
TTM: -14%
Stock Price CAGR
10 Years: 41%
5 Years: 49%
3 Years: 47%
1 Year: 48%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 15%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 306 311 311 509 509 498 498 498 498 510 510 510 510
Reserves 342 395 574 947 1,927 2,259 2,228 2,475 2,523 2,819 3,335 3,683 3,641
2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,991 1,562 1,597 1,442 1,664
335 341 434 472 591 578 639 747 764 881 1,048 1,194 1,215
Total Liabilities 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489 6,829 7,030
2,148 1,968 1,796 2,864 4,693 4,345 3,902 3,717 3,681 3,791 3,713 4,094 4,426
CWIP 6 28 36 222 62 123 177 132 145 64 83 368 300
Investments 56 64 115 31 72 105 115 198 128 1 2 0 0
1,057 1,227 1,234 1,390 1,702 1,611 1,969 2,109 1,822 1,915 2,691 2,366 2,303
Total Assets 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489 6,829 7,030

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
416 380 747 544 532 999 476 656 1,214 505 903 1,426
-615 -100 -173 -114 -1,199 -167 -188 -51 -43 -155 -343 -1,160
211 -285 -574 -432 667 -808 -268 -643 -862 -570 -387 -410
Net Cash Flow 12 -5 -0 -2 1 23 20 -38 309 -220 172 -144

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 26 25 20 25 30 37 46 21 36 27 16
Inventory Days 117 137 114 142 191 127 148 152 156 185 143 117
Days Payable 41 33 39 41 47 28 27 28 34 54 50 58
Cash Conversion Cycle 102 130 100 120 169 128 158 169 143 167 121 75
Working Capital Days 52 57 46 51 82 58 85 88 48 93 79 46
ROCE % 11% 17% 11% 9% 10% 9% 12% 10% 10% 23% 12%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.02% 73.02% 73.02% 72.94% 72.94% 72.94% 72.94% 72.94% 73.19% 73.19% 73.19% 73.19%
1.68% 1.60% 2.14% 2.48% 3.13% 3.17% 2.59% 2.36% 2.43% 2.47% 2.56% 2.55%
0.02% 0.01% 0.01% 0.02% 0.01% 0.05% 0.05% 0.04% 0.04% 0.05% 0.05% 0.06%
0.92% 0.92% 0.92% 1.87% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
22.40% 22.48% 21.99% 20.87% 22.13% 22.05% 22.65% 22.90% 23.09% 23.03% 22.95% 22.96%
1.96% 1.96% 1.92% 1.82% 1.79% 1.79% 1.76% 1.76% 1.25% 1.25% 1.25% 1.25%
No. of Shareholders 5,45,8476,39,0658,75,17515,61,15017,35,24118,14,05818,78,77819,14,28419,15,80919,18,10820,04,43619,83,667

* 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.

Click on the line-items to see the names of individual entities.

Documents

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