Trident Ltd

₹ 38.1 0.13%
18 Aug - close price
About

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). [1]

Key Points

Products
Yarn (26% of Revenues): 100% cotton combed yarn, Slub yarn, Open-End yarn, Blended yarn, etc.

Home Textiles (54% of Revenues): It includes Bath and Bed linen. Some of the products are Comforters, Solid/ Printed Sheets, Decorative pillows, etc.

Paper (20% of Revenues): Includes Branded copiers, Maplitho paper, Bible and offset printing paper.

Chemicals: North India’s largest commercial and battery-grade sulphuric acid manufacturer. [1] [2]

  • Market Cap 19,416 Cr.
  • Current Price 38.1
  • High / Low 70.9 / 19.2
  • Stock P/E 25.0
  • Book Value 7.51
  • Dividend Yield 0.94 %
  • ROCE 23.4 %
  • ROE 23.4 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 45.0%

Cons

  • Stock is trading at 5.07 times its book value
  • The company has delivered a poor sales growth of 8.63% 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,312 1,341 1,082 991 709 1,174 1,303 1,345 1,482 1,692 1,980 1,870 1,680
1,015 1,083 943 846 595 944 1,061 1,108 1,098 1,281 1,574 1,532 1,418
Operating Profit 297 258 140 146 113 230 242 237 384 411 406 338 262
OPM % 23% 19% 13% 15% 16% 20% 19% 18% 26% 24% 21% 18% 16%
6 6 9 7 6 4 4 -28 3 10 -23 7 5
Interest 36 27 24 28 23 12 13 23 25 20 22 19 19
Depreciation 85 85 82 82 82 83 83 88 87 87 78 81 76
Profit before tax 183 152 42 44 13 139 149 97 275 314 284 244 172
Tax % 33% 8% 12% 8% 24% 24% 25% 22% 25% 25% 26% 26% 25%
Net Profit 122 140 37 40 10 106 112 76 207 235 211 181 129
EPS in Rs 0.24 0.27 0.07 0.08 0.02 0.21 0.22 0.15 0.41 0.46 0.41 0.36 0.25

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,792 2,720 3,318 3,841 3,737 3,666 4,625 4,559 5,249 4,728 4,531 6,998 7,221
1,455 2,420 2,763 3,109 3,075 2,936 3,740 3,708 4,266 3,882 3,705 5,478 5,805
Operating Profit 337 300 555 732 661 730 885 852 983 846 826 1,520 1,416
OPM % 19% 11% 17% 19% 18% 20% 19% 19% 19% 18% 18% 22% 20%
40 20 22 12 34 33 107 63 44 20 -18 16 -1
Interest 110 172 235 210 206 145 141 118 112 111 72 86 80
Depreciation 174 208 261 268 321 337 412 404 364 334 337 333 322
Profit before tax 93 -59 81 265 168 281 439 392 550 421 398 1,116 1,014
Tax % 39% 26% 39% 26% 30% 14% 23% 32% 32% 19% 24% 25%
Net Profit 56 -43 49 194 118 242 337 266 372 340 304 834 756
EPS in Rs 0.25 -0.14 0.16 0.62 0.23 0.48 0.66 0.52 0.73 0.67 0.60 1.64 1.48
Dividend Payout % 0% 0% 0% 5% 26% 19% 22% 28% 40% 53% 60% 22%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 10%
TTM: 36%
Compounded Profit Growth
10 Years: 35%
5 Years: 20%
3 Years: 31%
TTM: 48%
Stock Price CAGR
10 Years: 46%
5 Years: 36%
3 Years: 87%
1 Year: 85%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 15%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
222 306 311 311 509 509 498 498 498 498 510 510
Reserves 279 342 395 574 947 1,927 2,259 2,228 2,475 2,523 2,819 3,318
1,711 2,284 2,240 1,862 2,580 3,503 2,849 2,798 2,436 1,991 1,562 1,597
282 335 341 434 472 591 578 639 747 764 881 1,065
Total Liabilities 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489
1,568 2,148 1,968 1,796 2,864 4,693 4,345 3,902 3,717 3,681 3,791 3,713
CWIP 176 6 28 36 222 62 123 177 132 145 64 83
Investments 35 56 64 115 31 72 105 115 198 128 1 2
714 1,057 1,227 1,234 1,390 1,702 1,611 1,969 2,109 1,822 1,915 2,691
Total Assets 2,494 3,266 3,287 3,181 4,507 6,529 6,184 6,163 6,156 5,776 5,772 6,489

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
115 416 380 747 544 532 999 476 656 1,214 505 903
-154 -615 -100 -173 -114 -1,199 -167 -188 -51 -43 -155 -343
45 211 -285 -574 -432 667 -808 -268 -643 -862 -570 -387
Net Cash Flow 6 12 -5 -0 -2 1 23 20 -38 309 -220 172

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 19 26 26 25 20 25 30 37 46 21 36 27
Inventory Days 161 117 137 114 142 191 127 148 152 156 185 143
Days Payable 60 34 29 39 38 47 28 27 28 34 54 50
Cash Conversion Cycle 120 108 134 100 124 170 128 158 169 143 167 121
Working Capital Days 97 52 57 46 51 82 58 85 88 48 93 79
ROCE % 9% 11% 17% 11% 9% 10% 9% 12% 10% 10% 23%

Shareholding Pattern

Numbers in percentages

2 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
71.06 71.06 71.06 71.07 71.84 73.02 73.02 73.02 73.02 72.94 72.94 72.94
2.25 2.17 2.05 1.68 1.60 1.61 1.68 1.60 2.14 2.48 3.13 3.17
0.17 0.08 0.05 0.06 0.02 0.01 0.02 0.01 0.01 0.02 0.01 0.05
0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 0.92 1.87 0.00 0.00
25.60 25.77 25.91 26.27 25.61 22.48 22.40 22.48 21.99 20.87 22.13 22.05
0.00 0.00 0.00 0.00 0.00 1.96 1.96 1.96 1.92 1.82 1.79 1.79

Documents

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