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BSE: 0 | NSE: TECHLABS | IT - Software | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Trident Techlabs Ltd is a below average quality company.
The key valuation ratios of Trident Techlabs Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Trident Techlabs Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 6.8% | 6.4% | 16.2% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | 0.2 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 28.2 | 29.7 | 67.4 | 67 |
| Sales YoY Gr. | - | 5.5% | 126.5% | - |
| Adj EPS ⓘ | 0.1 | 0.6 | 4.3 | 3.2 |
| YoY Gr. | - | 353.9% | 627.1% | - |
| BVPS (₹) ⓘ | 11.2 | 11.8 | 16.5 | 26.2 |
| Adj Net Profit ⓘ | 0.2 | 0.7 | 5 | 5 |
| Cash Flow from Ops. ⓘ | -3.2 | 2.4 | 10 | - |
| Debt/CF from Ops. ⓘ | -9.5 | 12.1 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 126.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | 627.1% | ||||
| BVPSⓘ | NA | NA | NA | 39.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 1.1 | 5.1 | 30.4 | 14.9 |
| Op. Profit Mgn % ⓘ | 18.6 | 16 | 15 | NAN |
| Net Profit Mgn % ⓘ | 0.5 | 2.3 | 7.5 | 8.1 |
| Debt to Equity ⓘ | 2.3 | 2.1 | 1.2 | - |
| Working Cap Days ⓘ | 0 | 636 | 263 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 400 | 189 | 0 |
Return on Equity has increased versus last 3 years average to 14.90%
Debt to equity has declined versus last 3 years average to 1.19
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | - |
| TTM Sales (₹ Cr.) | 67.4 | - |
| BVPS (₹.) ⓘ | 26.2 | - |
| Reserves (₹ Cr.) ⓘ | 28 | - |
| P/BV ⓘ | 10.01 | - |
| PE ⓘ | 82.69 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 453 |
| Equity (₹ Cr.) | 17.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 31.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 28 | 30 | 67 |
| Operating Expenses ⓘ | 23 | 25 | 57 |
| Manufacturing Costs | 11 | 13 | 45 |
| Material Costs | 4 | 4 | 1 |
| Employee Cost | 3 | 4 | 4 |
| Other Costs ⓘ | 5 | 4 | 7 |
| Operating Profit ⓘ | 5 | 5 | 10 |
| Operating Profit Margin (%) | 18.6% | 15.7% | 15.0% |
| Other Income ⓘ | 0 | 0 | 1 |
| Interest ⓘ | 4 | 3 | 3 |
| Depreciation ⓘ | 1 | 1 | 1 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | 1 | 7 |
| Tax ⓘ | 0 | 0 | 2 |
| Profit After Tax | 0 | 1 | 5 |
| PAT Margin (%) | 0.6% | 2.2% | 8.1% |
| Adjusted EPS (₹) | 0.1 | 0.6 | 4.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 13 | 14 | 19 | |||||||
| Share Capital ⓘ | 3 | 3 | 3 | |||||||
| Reserves ⓘ | 10 | 11 | 17 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 27 | 27 | 21 | |||||||
| Long Term Debt | 9 | 18 | 16 | |||||||
| Short Term Debt | 18 | 8 | 5 | |||||||
| Trade Payables | 10 | 5 | 4 | |||||||
| Others Liabilities ⓘ | 9 | 9 | 5 | |||||||
| Total Liabilities ⓘ | 59 | 55 | 49 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 13 | 13 | 14 | |||||||
| Accumulated Depreciation | 11 | 11 | 12 | |||||||
| Net Fixed Assetsⓘ | 2 | 2 | 2 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | |||||||
| Investmentsⓘ | 0 | 0 | 0 | |||||||
| Inventories | 3 | 2 | 2 | |||||||
| Trade Receivables | 40 | 40 | 37 | |||||||
| Cash Equivalents | 4 | 2 | 2 | |||||||
| Others Assetsⓘ | 10 | 9 | 7 | |||||||
| Total Assets ⓘ | 59 | 55 | 49 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -3 | 2 | 10 |
| PBT ⓘ | 0 | 1 | 7 |
| Adjustment ⓘ | 5 | 4 | 4 |
| Changes in Working Capital ⓘ | -8 | -2 | 0 |
| Tax Paid ⓘ | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 | -1 |
| Capex | 0 | 0 | -1 |
| Net Investments | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -4 | -9 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 6 | 10 | -2 |
| Interest Paid ⓘ | -4 | -3 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | -10 | -4 |
| Net Cash Flow ⓘ | -1 | -1 | 0 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.27 | 4.84 | 33.02 | |||||||
| ROCE (%) | 9.87 | 8.96 | 23.56 | |||||||
| Asset Turnover Ratio | 0.48 | 0.52 | 1.29 | |||||||
| PAT to CFO Conversion(x) | N/A | 2 | 2 | Working Capital Days | ||||||
| Receivable Days | 513 | 491 | 211 | |||||||
| Inventory Days | 40 | 30 | 9 | |||||||
| Payable Days | 879 | 750 | 1,791 | |||||||
The company was originally incorporated as ‘Trident Techlabs Private Limited’ a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 9, 2000, issued by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi (RoC). Subsequently, the name of the company was changed from Trident Techlabs Private Limited’ to ‘Trident Techlabs Limited’, upon conversion into public company, pursuant to a special resolution passed by the shareholders of the Company on May 12, 2023, and a fresh certificate of incorporation consequent to conversion was issued by the RoC on May 30, 2023.
Trident Techlabs offers custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, semiconductor and power distribution sectors. It has two business verticals i.e. Engineering Solutions and Power System Solutions. It delivers winning business outcomes through its deep industry experience and a 360-degree view of “Business through Technology” helping clients in creating successful and adaptive businesses.
The company’s Engineering Solutions portfolio of products and related services encompass a diverse spectrum of solutions viz. system-level electronics design, chip-level electronics design, embedded design, hydraulics/ pneumatics system, system modeling, reliability and quality, design automation, power electronics, PCB designing and electromagnetic simulations. Its design services include consulting and engineering services that help companies innovate better, with services spanning the entire product development lifecycle, including strategy and user research, design and engineering, pre-launch testing and post-launch maintenance, and service delivery and optimization.
The company’s Power Solutions portfolio of products and related services help power distribution utilities who face new challenges due to the ever-changing nature of the industry and the increasing pressure on network reliability. Power distribution utilities need to constantly focus on (i) maximizing the capacity of aging transmission infrastructure; (ii) managing increasing amounts of intermittent, renewable generation; and (iii) deployment of Smart Grid technologies leading to increasing complexity in transmission investment decisions. The company’s Power Systems Solutions division has developed expertise in the areas of transmission planning and operations, power distribution solutions, integration and energy storage solutions, substation design solutions and power cable ampacity solutions. The company’s solutions and services dwell on the latest technology to enable clients in maximizing the reliability of their electric power facilities in the most economical manner. Tangible schemes for improved management of transmission networks and optimized strategies for future financial investments are prepared using its customized solution based on power distribution network analysis software.
Business area of the company
The company provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries.
Major events and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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