Trident Ltd - Stock Valuation and Financial Performance

BSE: 521064 | NSE: TRIDENT | Textile - Spinning | Small Cap

Trident Share Price

40.05 -0.22 -0.55%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Trident

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Trident stock performance -

mw4me loader
P/E Ratio (SA):
46.45
Market Cap:
20,521.4 Cr.
52-wk low:
29.7
52-wk high:
52.9

Is Trident Ltd an attractive stock to invest in?

1. Is Trident Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Trident Ltd is a average quality company.

2. Is Trident Ltd undervalued or overvalued?

The key valuation ratios of Trident Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Trident Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Trident Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Trident:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Trident Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.3%7.5%7.4%6.8%5.8%9.1%7.9%7.7%16.7%8.8%-
Value Creation
Index
-0.1-0.5-0.5-0.5-0.6-0.4-0.4-0.40.5-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,8693,7543,6654,6174,5665,2204,6994,5196,9196,2676,614
Sales YoY Gr.--3%-2.4%26%-1.1%14.3%-10%-3.8%53.1%-9.4%-
Adj EPS 0.70.20.50.60.50.80.60.61.60.80.9
YoY Gr.--66.7%118.2%18.8%-17.5%72.3%-21%0%143.8%-46.8%-
BVPS (₹) 2.92.94.75.45.35.85.86.57.58.18.3
Adj Net
Profit
205110244288239414326325795421443
Cash Flow from Ops. 7475445331,0004766531,2094999061,433-
Debt/CF from Ops. 2.54.76.52.95.93.71.63.11.71-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.5%6.5%10.1%-9.4%
Adj EPS 2.6%12.1%9.1%-46.8%
BVPS12.3%8.9%11.6%8.6%
Share Price 38% 42.8% 44.1% 23.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
259.312.611.28.814.711.110.322.310.610.6
Op. Profit
Mgn %
19.217.62019.217.92017.517.821.114.714.6
Net Profit
Mgn %
5.32.96.76.25.27.96.97.211.56.76.7
Debt to
Equity
2.11.81.41.110.80.70.50.40.3-
Working Cap
Days
12313916412813113513813210912554
Cash Conv.
Cycle
6567807286929484625815

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.07%

Return on Equity has declined versus last 3 years average to 10.60%

Net Profit has been subdued in last 3 years 9.05%

Sales growth is not so good in last 4 quarters at 2.34%

Latest Financials - Trident Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 0.8
TTM Sales (₹ Cr.) 6,614 6,700
BVPS (₹.) 8.3 8.4
Reserves (₹ Cr.) 3,736 3,750
P/BV 4.83 4.82
PE 46.45 48.56
From the Market
52 Week Low / High (₹) 29.65 / 52.85
All Time Low / High (₹) 0.04 / 70.90
Market Cap (₹ Cr.) 20,521
Equity (₹ Cr.) 509.6
Face Value (₹) 1
Industry PE 31.9

Management X-Ray of Trident:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales3,8693,7543,6654,6174,5665,2204,6994,5196,9196,267
Operating Expenses 3,1413,0932,9353,7323,7484,2423,8783,7195,4575,350
Manufacturing Costs493525533640702804775781983931
Material Costs2,0521,9301,7302,2262,2812,4282,1412,0253,3043,363
Employee Cost 287387429576506592583578665624
Other Costs 309251243290259418379335505431
Operating Profit 7286617308868189778218001,462918
Operating Profit Margin (%) 18.8%17.6%19.9%19.2%17.9%18.7%17.5%17.7%21.1%14.6%
Other Income 163465106964644274824
Interest 210206177141118112111728677
Depreciation 268321337412404364333336333310
Exceptional Items 00000002700
Profit Before Tax 2651682824393925474214451,092554
Tax 6850391021261767999277132
Profit After Tax 197118242337266371342346815422
PAT Margin (%) 5.1%3.1%6.6%7.3%5.8%7.1%7.3%7.7%11.8%6.7%
Adjusted EPS (₹)0.60.20.50.70.50.70.70.71.60.8
Dividend Payout Ratio (%)5%26%19%23%29%41%54%53%23%43%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 8881,4552,4162,7252,6932,9312,9673,3173,7974,125
Share Capital 311509509510510510510510510510
Reserves 5779471,9062,2152,1842,4222,4572,8073,2883,616
Minority Interest0000000000
Debt1,5702,2123,1102,5482,5192,0961,5901,4891,5231,356
Long Term Debt7661,3962,1371,7441,411954689255310804
Short Term Debt8048169738041,1081,1429011,2341,213552
Trade Payables221216222172168177200296455548
Others Liabilities 647796935706748900961653656683
Total Liabilities 3,3264,6806,6826,1506,1296,1035,7185,7546,4316,713

Fixed Assets

Gross Block3,4864,8695,0335,1085,0545,2295,5155,9506,1936,836
Accumulated Depreciation1,6902,0053407641,1521,5131,8342,1602,4812,782
Net Fixed Assets1,7962,8644,6934,3443,9023,7163,6813,7903,7124,054
CWIP 36222621231771321456483368
Investments 1193152758416079443
Inventories6437478997689071,0019121,0081,2901,034
Trade Receivables264205258382478662278455529272
Cash Equivalents 25178213216625337112273352
Others Assets443594637326417407285321539630
Total Assets 3,3264,6806,6826,1506,1296,1035,7185,7546,4316,713

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 7475445331,0004766531,2094999061,433
PBT 2651682424393925474214451,092554
Adjustment 497508501522476421437371418398
Changes in Working Capital 43-97-151125-301-202491-175-335643
Tax Paid -58-35-60-86-91-113-140-142-268-162
Cash Flow From Investing Activity -174-143-1,199-168-188-42-34-149-349-1,165
Capex -135-182-1,123-146-202-105-161-330-352-775
Net Investments -5419-25-21-128108167-5-401
Others 1519-50-215352014712
Cash Flow From Financing Activity -574-432667-808-268-650-867-570-403-407
Net Proceeds from Shares 01910000000
Net Proceeds from Borrowing -243-178698-416-358-395-245-87587533
Interest Paid -211-206-143-140-122-123-117-72-92-90
Dividend Paid 0-49-36-91-92-166-2580-360-180
Others -120-18147-16130534-247376-38-670
Net Cash Flow -1-3112320-38309-220154-139
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)24.7210.0612.5213.119.8113.1911.5911.0122.9110.65
ROCE (%)16.5710.959.2610.149.2212.1410.3410.5923.0411.62
Asset Turnover Ratio1.170.950.650.730.750.850.80.791.140.95
PAT to CFO Conversion(x)3.794.612.22.971.791.763.541.441.113.4
Working Capital Days
Receivable Days23232325344037302623
Inventory Days62678165676774786168
Payable Days33404432272632454154

Trident Ltd Stock News

Trident Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Trident on 12-Apr-2024 10:20 is ₹40.05.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of Trident stood at ₹20,521.4.
The latest P/E ratio of Trident as of 12-Apr-2024 10:20 is 46.45.
The latest P/B ratio of Trident as of 12-Apr-2024 10:20 is 4.83.
The 52-week high of Trident is ₹52.85 and the 52-week low is ₹29.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Trident is ₹6,614 ( Cr.) .

About Trident Ltd

Trident earlier known as Abhishek Industries Limited, the flagship company of the Trident Group was incorporated in April, 1990. It is one of the largest towel manufacturers of the world, one of the world's largest agro-based paper manufacturers and one of the largest yarn producers in India.

TridentGroup is a leading diversified business conglomerate of India. Incorporated in 1990, the company continues to grow under the dynamic leadership of the chairman Mr. Rajinder Gupta, a first generation entrepreneur. With a modest beginning of 17,280 spindles of yarns, the group today exports to over 75 countries and is continuously striving to uphold its position as one of the largest yarn producers in India.

The operations of the company are segregated into four main segments viz. Yarns, Terry Towels, Paper and Chemicals.

Trident caters to all segments of the market - Brands, Department Stores, Home Specialty Chains, Mass Merchants and Institutional Customers. Our clientele comprises stalwarts of retail world in US, Europe, Australia and New Zealand. We are also making significant inroads into the markets in Japan, Middle East and South Africa.

Yarns segment product offerings:

  • 100% cotton yarn (Grey/Dyed/Mercerized)
  • Single & TFO Doubled
  • Hosiery & Weaving (Combed & Carded)
  • Poly Cotton blended Yarn
  • 100% Poly Spun Yarn (Combed & Carded)
  • 100% Egyptian Cotton Yarn
  • 100% PIMA Cotton Yarn
  • Organic Cotton Yarn
  • 100% Water Soluble PVA Yarn
  • SLUB Yarn
  • Combed and Semi-Combed Knitting and Weaving Yarn with a Count range of 10-30
  • Polyester Spun Knitting and Weaving Yarn with a Count range of 30-40
  • Dyed and Mercerized Double and Processed Yarn
  • Water Soluble 100% PVA Yarns with a Count Range of NE 30 to NE 80

Terry Towels segment product offerings:

  • Piece-dyed dobbies
  • Yarn-dyed single and double jacquards
  • Uni-dyed jacquards
  • Yarn-dyed stripes
  • Weft inserts and checks
  • Terry and velour finish
  • Beach towels
  • Bath sheets, bath towels and bath mats
  • Hand towels
  • Guest towels
  • Face fringes
  • Kitchen towels
  • Printed towels
  • Embroidered towels

Paper segment product offerings:

  • Spectra Copier - Ultra-finish, high-speed Copier Paper in two varieties - 75 GSM with brightness 88% ISO and 80 GSM with brightness more than 90% ISO 
  • Goldline Surface Size Maplitho - 54 GSM to 90 GSM with brightness 90% + ISO
  • Silver Surface Size Maplitho - 54 GSM to 90 GSM with brightness 88% ISO.
  • Super White Maplitho (54 - 90 GSM with 88% ISO Brightness)
  • Ivory White Paper (54 - 90 GSM with 85% ISO Brightness)
  • Eco-Print Paper (54 - 90 GSM with 80% ISO Brightness)
  • Base Paper (80 - 90% ISO Brightness)
  • Bible Printing Paper (45 - 50 GSM with 90% ISO Brightness)
  • Watermark Offset Printing Paper (54 - 90 GSM with 80 - 90% ISO Brightness)

Chemicals segment product offerings:

With the changing industrial needs, the company has also ventured into specialized product markets.

Battery Grade Sulphuric acid is the premium quality product to cater to these markets. Commercial Grade is also manufactured keeping in view the larger market share.

Leading battery manufacturers and other high-end consumers comprise the clientele for these products.

Milestones & Awards:

  • 1990 – Incorporation of the company
  • 1992 – The company starts implementing its yarn spinning project in joint sector with Punjab State Industrial Development Corporation (PSIDC) to set-up 24,960 spindles unit
  • 1998 – The company and PSIDC decides to set-up another unit of 43,392 spindles
  • 1999 – Abhishek Spinfab Corporation merges with Abhishek Industries
  • 2001 – The company augments the terry towels capacity to 7,500 tpa from earlier 3,032 tpa
  • 2002 – Varinder Agro Chemicals mergers with the company
  • 2003 – The company joins hands with Apollo Health and Lifestyle Ltd to implement and operate 'The Apollo Clinic'
  • 2001 – The company receives 'International supplier of the year - 2001' award from Wal Mart, US
  • 2003 – Receives “Supplier of the Year – 2003” award from Wal Mart USA.
  • 2003 – Establishes wholly-owned subsidiary 'Abhishek Industries Inc' in USA
  • 2004 – Delists from the Delhi Stock Exchange
  • 2010 - (AIL) launched its new copier paper 'LOTUS' in the premium segment in New Delhi
    Abshek Inds - Wins "" 'Sustainability Award from IKEA""
    Rajiv Gandhi National Quality Award / Textile
    Sustainability Award by IKEA / Trade Area South Asia
    Texprocil Awards / Silver / Top performer in exports [madeups category]
    JC Penney Home Quailty Award / Best supplier of the year
  • 2011 - Change of the name of Company from Abhishek Industries Ltd to Trident Ltd.
    Company has been awarded the most prestigious "JC Penny-Innovation Award 2010."
    Company has been awarded the Bronze Award in Conglomerates Category at the 2011 Spotlight Awards hosted by ""League of American Communications Professionals.
    Abshek Inds - TEXPROCIL Award for Outstanding Export Performance 2010-2011
    Texprocil Award / Silver / Highest exports in Terry Towels
    JC Penney Innovation Award
  • 2012 Abshek Inds - Entered into an Agreement with HT Media Limited (HT)
    Abshek Inds - Winner of 'Special Commendation"" for the Golden Peacock Environment Management Award - 2012
    Texprocil Award / Bronze / For Best Global Exporter(Overall)
    Texprocil Award / Silver / Top performer in exports
    CITI-Birla Award / HR Management in Textile Industry
    Golden Peacock Award / Environment Management
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