Declared Dividend • May 21
Dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 22nd May 2026 Payment date: 30th August 2026 Dividend yield will be 2.0%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 12
Trident Limited to Report Q4, 2026 Results on May 19, 2026 Trident Limited announced that they will report Q4, 2026 results on May 19, 2026 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹25.41, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Luxury industry in India. Total returns to shareholders of 2.3% over the past three years. Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹76.9b to ₹69.3b. EPS estimate also fell from ₹0.90 per share to ₹0.60 per share. Net income forecast to grow 8.7% next year vs 25% growth forecast for Luxury industry in India. Consensus price target down from ₹37.00 to ₹33.00. Share price fell 6.8% to ₹26.40 over the past week. Price Target Changed • Feb 11
Price target decreased by 13% to ₹33.00 Down from ₹38.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of ₹26.92. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of ₹0.60 for next year compared to ₹0.73 last year. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.15 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.09 (down from ₹0.15 in 3Q 2025). Revenue: ₹15.7b (down 5.6% from 3Q 2025). Net income: ₹442.4m (down 45% from 3Q 2025). Profit margin: 2.8% (down from 4.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Annuncio • Jan 28
Trident Limited to Report Q3, 2026 Results on Feb 09, 2026 Trident Limited announced that they will report Q3, 2026 results on Feb 09, 2026 Annuncio • Jan 05
Trident Limited Announces Resignation of Group Chief Financial Officer Rahul Roongta, Effective January 2, 2026 Trident Limited announced that Mr. Rahul Roongta, Group Chief Financial Officer (Senior Management Personnel), has tendered his resignation from the position due to personal reasons and he has been relieved from the official duties with effect from the closing hours of January 2, 2026. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: ₹0.18 (vs ₹0.17 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.18 (up from ₹0.17 in 2Q 2025). Revenue: ₹18.0b (up 5.3% from 2Q 2025). Net income: ₹909.3m (up 9.3% from 2Q 2025). Profit margin: 5.0% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Annuncio • Oct 31
Trident Limited to Report Q2, 2026 Results on Nov 07, 2025 Trident Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Annuncio • Aug 01
Trident Limited, Annual General Meeting, Aug 23, 2025 Trident Limited, Annual General Meeting, Aug 23, 2025, at 11:00 Indian Standard Time. Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: ₹0.27 (vs ₹0.15 in 1Q 2025) First quarter 2026 results: EPS: ₹0.27 (up from ₹0.15 in 1Q 2025). Revenue: ₹17.1b (down 2.1% from 1Q 2025). Net income: ₹1.40b (up 90% from 1Q 2025). Profit margin: 8.2% (up from 4.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jul 15
Trident Limited to Report Q1, 2026 Results on Jul 24, 2025 Trident Limited announced that they will report Q1, 2026 results on Jul 24, 2025 Annuncio • Jun 17
Lotus Hometextiles Limited entered into an agreement to acquire Trident Home Textiles Limited from Trident Limited (NSEI:TRIDENT) for INR 10.7 million. Lotus Hometextiles Limited entered into an agreement to acquire Trident Home Textiles Limited from Trident Limited (NSEI:TRIDENT) for INR 10.7 million on June 17, 2025. A cash consideration of INR 10.7 million will be paid by Lotus Hometextiles Limited for 1,050,000 equity shares.
For the period ending March 31, 2025, Trident Home Textiles Limited reported total revenue of INR 2.88 million. As of March 31, 2025, Trident Home Textiles Limited reported total common equity of INR 29.43 million.
The transaction is expected to close on June 17, 2025. Major Estimate Revision • May 28
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from ₹88.5b to ₹77.7b. EPS estimate fell from ₹1.30 to ₹0.90 per share. Net income forecast to grow 28% next year vs 25% growth forecast for Luxury industry in India. Consensus price target of ₹38.00 unchanged from last update. Share price fell 2.8% to ₹32.54 over the past week. Declared Dividend • May 23
Dividend of ₹0.50 announced Shareholders will receive a dividend of ₹0.50. Ex-date: 27th May 2025 Payment date: 20th June 2025 Dividend yield will be 1.5%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 22
Full year 2025 earnings released: EPS: ₹0.73 (vs ₹0.69 in FY 2024) Full year 2025 results: EPS: ₹0.73 (up from ₹0.69 in FY 2024). Revenue: ₹70.5b (up 3.5% from FY 2024). Net income: ₹3.70b (up 5.8% from FY 2024). Profit margin: 5.2% (up from 5.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹33.48, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Luxury industry in India. Total loss to shareholders of 24% over the past three years. Annuncio • May 13
Trident Limited to Report Q4, 2025 Results on May 21, 2025 Trident Limited announced that they will report Q4, 2025 results on May 21, 2025 Reported Earnings • Jan 25
Third quarter 2025 earnings released: EPS: ₹0.15 (vs ₹0.22 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.15 (down from ₹0.22 in 3Q 2024). Revenue: ₹16.8b (down 8.3% from 3Q 2024). Net income: ₹797.0m (down 27% from 3Q 2024). Profit margin: 4.7% (down from 5.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.6% Last year net profit margin: 7.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (0% payout ratio). Profit margins are more than 30% lower than last year (4.6% net profit margin). Price Target Changed • Sep 06
Price target decreased by 11% to ₹37.00 Down from ₹41.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ₹37.39. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of ₹0.90 for next year compared to ₹0.69 last year. Board Change • Sep 06
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Rajiv Dewan is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Aug 08
Trident Limited Approves the Appointment of Sushil Sharma as Company Secretary and Compliance Officer Trident Limited approved the appointment of Mr. Sushil Sharma, as Company Secretary and Compliance Officer (Key Managerial Person) of the Company with effect from August 08, 2024 (from opening of Business hours). Mr. Sushil Sharma has over two decades of extensive experience in corporate compliance, legal affairs, and corporate governance. He possesses deep expires in managing company secretarial functions, legal advisory services, and ensuring statutory compliance across multiple sectors including textiles, pharmaceuticals, and chemicals. Mr. Sharma excels in strategic planning and team management, coupled with extensive knowledge of corporate law and governance practices. His technical acumen includes the implemental on of best corporate governance, compliance with regulatory requirements, and effective legal risk management. Annuncio • Aug 01
Trident Limited Announces Executive Changes Trident Limited announced the resignation of Mr. Matta Aravind Kumar as Company Secretary and Compliance Officer, effective July 31, 2024, due to personal reasons. Until the vacancy of Company Secretary is being filled, Mr. Hari Krishan, a qualified Company Secretary shall act as a Compliance Officer of the Company, with effect from August 1, 2024. Mr. Hari Krishan is an Associate member of the Institute of Company Secretaries of India and a Commerce graduate, with more than 11 years of experience in Secretarial matters, Corporate Laws & compliances, FEMA and Contracts Management. Annuncio • Jul 11
Trident Limited, Annual General Meeting, Aug 06, 2024 Trident Limited, Annual General Meeting, Aug 06, 2024, at 11:00 Indian Standard Time. Annuncio • Jul 10
Trident Limited Announces Resignation of Mr. Deepak Singhal, CEO of Paper Business Trident Limited announced that Mr. Deepak Singhal, CEO Paper Business has tendered resignation from services of the Company, Effective date of Resignation on is July 10, 2024. Annuncio • Jun 08
Trident Limited Resumes Operations for Both, Home Textiles and Paper Businesses Trident Limited announced that in the Raw Material Yard of the Paper division and surrounding areas of the Company at Dhaula (Punjab) location, a fire accident has occurred on the evening of June 05, 2024. The fire resulted in major damage to the Raw Material and adjacent areas. However, no casualties were reported and there has been no damage to the plant & machinery. The operations were suspended as precautionary measure and are resumed on June 6, 2024, for both, Home Textiles and Paper businesses. The company proactively monitoring the situation and have taken necessary steps for the safety and well-being of the people as well as to reduce the impact on the business operations. The actual quantum of loss /damage is being ascertained. The Loss/damage is adequately covered by Insurance, and the Company has already informed the Insurance Company about the fire Incident. Annuncio • May 25
Trident Limited Announces Management Resignations, Effective May 31, 2024 Trident Limited announced that Mr. Vinod Kumar Goyal, CEO-Yarn Business and Mr. Naveet Jindal, CEO-Customer Excellence have tendered resignations from services of the Company on May 24, 2024 due to reasons as stated in resignation letters a ached herewith and they will be relieved from the official duties on May 31, 2024. Declared Dividend • May 22
Dividend of ₹0.36 announced Dividend of ₹0.36 is the same as last year. Ex-date: 28th May 2024 Payment date: 17th June 2024 Dividend yield will be 0.9%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 28% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 81% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 19
Full year 2024 earnings released: EPS: ₹0.69 (vs ₹0.88 in FY 2023) Full year 2024 results: EPS: ₹0.69 (down from ₹0.88 in FY 2023). Revenue: ₹68.7b (up 8.4% from FY 2023). Net income: ₹3.50b (down 21% from FY 2023). Profit margin: 5.1% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Annuncio • Feb 20
Trident Limited Appoints Satish Kanagala as the Chief - Environment, Social and Governance Trident Limited at their Meeting held on February 20, 2024, has approved and appointed Senior Management Person, Mr. Satish Kanagala as the Chief - Environment, Social and Governance of the Company, effective February 20, 2024. Mr. Sa sh Kanagala is Engineer with twenty five years of experience in ESG and Sustainability functions. He was also earlier associated with major Corporates viz. Jubilant Group, PI Industries Limited, Sun Pharmaceuticals Limited, Teva India Limited, Dr. Reddy's Limited, GSK Healthcare Limited, Nagarjuna Fertilizers Limited. Major Estimate Revision • Feb 16
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹68.7b to ₹67.7b. EPS estimate also fell from ₹0.90 per share to ₹0.80 per share. Net income forecast to grow 13% next year vs 33% growth forecast for Luxury industry in India. Consensus price target down from ₹41.50 to ₹40.50. Share price was steady at ₹45.15 over the past week. Annuncio • Feb 14
Trident Limited Appoints Samir Joshipura as Group Chief Executive Officer, Effective February 14, 2024 Trident Limited announced the appointment of Appointment of Mr. Samir Joshipura as Group Chief Executive Officer (Not designated as Key Managerial Person). Date of Appointment- February 14, 2024. Mr. Samir Joshipura is an Engineer and an MBA with more than twenty five years experience in Strategy, Change Management and transforming businesses in Building Material, Auto Components, Tex les, Paper, FMCG, Banking and IT sectors. His immediate previous assignments was as Chief Executive Officer with Sintex BAPL Limited, where he worked for ~9 years. Annuncio • Feb 09
Trident Limited Announces Grant of Patent "A Fitted Sheet with Improved Gripping Effect" by The Patent Office, Government Of India Trident Limited has been granted a patent for "A Fitted Sheet with Improved Gripping Effect" by The Patent Office, Government of India. The present invention comprises of a method for producing a fitted sheet whichprovides enhanced gripping at the corners of the sheet which can accommodate mattresses of varied thickness. With this patent, the company will deliver its Technofit technology which provides enhanced gripping, prevents seam ear, and do not deteriorate even after several washes. The grant of this patent by the Indian Patent Office proves to be a major milestone in recognizing the advanced innovations at Trident. Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: ₹0.22 (vs ₹0.29 in 3Q 2023) Third quarter 2024 results: EPS: ₹0.22 (down from ₹0.29 in 3Q 2023). Revenue: ₹18.4b (up 12% from 3Q 2023). Net income: ₹1.09b (down 25% from 3Q 2023). Profit margin: 5.9% (down from 8.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Annuncio • Feb 06
Trident Limited to Report Q3, 2024 Results on Feb 06, 2024 Trident Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Feb 06, 2024 Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₹48.20, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 245% over the past three years. Annuncio • Nov 29
Trident Limited Announces Resignation of Avneesh Barua as Chief Financial Officer Trident Limited informed that Mr. Avneesh Barua, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company has resigned from the Company vide Resignation letter dated November 28, 2023. His last working day as the CFO and KMP of the Company would be November 28, 2023. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 25% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹71.5b to ₹68.7b. EPS estimate also fell from ₹1.20 per share to ₹0.90 per share. Net income forecast to grow 18% next year vs 46% growth forecast for Luxury industry in India. Consensus price target down from ₹42.50 to ₹41.50. Share price rose 2.5% to ₹37.30 over the past week. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: ₹0.18 (vs ₹0.07 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.18 (up from ₹0.07 in 2Q 2023). Revenue: ₹18.0b (up 25% from 2Q 2023). Net income: ₹907.1m (up 143% from 2Q 2023). Profit margin: 5.0% (up from 2.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 24
Trident Limited Appoints Vinod Kumar Goyal as Chief Executive Officer for Yarn Business, Date of Appointment- October 23, 2023 Trident Limited appointed Mr. Vinod Kumar Goyal as Chief Executive Officer for Yarn Business, Date of Appointment- October 23, 2023. Mr. Vinod is Commerce graduate and has done master's in business administration with more than four Decades of work experience in Textile industry wherein he worked with the Vardhman Textiles Limited and SEL Manufacturing Company Limited. He has rich experience in Yarn Business. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹37.70, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 488% over the past three years. Major Estimate Revision • Aug 03
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from ₹75.5b to ₹71.5b. EPS estimate also fell from ₹1.50 per share to ₹1.20 per share. Net income forecast to grow 61% next year vs 27% growth forecast for Luxury industry in India. Consensus price target of ₹40.00 unchanged from last update. Share price fell 3.6% to ₹31.90 over the past week. Annuncio • Jul 29
Trident Limited to Report Q1, 2024 Results on Jul 27, 2023 Trident Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Annuncio • Jul 28
Trident Limited Announces Change of Company Secretary and Compliance Officer The board of directors of Trident Limited at its meeting held on July 27, 2023, Resignation of Mr. Hari Krishan from the position of Company Secretary to be effective closure of business hours on August 14, 2023; Appointment of Mr. Aravind Matta as Company Secretary/Compliance officer and Key Managerial Person (KMP) with effect from August 15, 2023. Resignation Due to change in roles & responsibilities and reorganization of the Group Secretarial Department, Mr. Hari Krishan has submitted his resignation from the position of Company Secretary & Compliance Officer Mr. Aravind Matta is a seasoned Corporate Governance professional, having more than two decades of experience in driving Company Secretarial, Legal, Corporate Affairs, Investor Relations, CSR, Risk Management, Internal Audit and Corporate Strategy functions. He is a qualified Company Secretary and also holds Bachelor's Degree in Commerce, Law and a Masters Degree in Business Management. He was earlier associated, inter alia, with major Corporate Houses viz., International Paper, West Coast Paper, Vedanta, GMR, Nagarjuna Fertilizers. He is currently heading Company Secretarial and Corporate Affairs department in the Company. Reported Earnings • Jul 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹0.88 (down from ₹1.67 in FY 2022). Revenue: ₹63.3b (down 9.5% from FY 2022). Net income: ₹4.41b (down 47% from FY 2022). Profit margin: 7.0% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 25
Trident Limited Declares First Interim Dividend Trident Limited declared first Interim Dividend of INR 0.36 per fully paid up Equity Share of INR 1 each (@36% per equity share) for the financial year 2023-24. As in mated earlier, June 1, 2023 is being fixed as `Record Date' for taking record of the Members of the Company. The said Interim dividend will be credited /dispatched to the shareholders as per the prescribed statutory melines. Reported Earnings • May 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: ₹0.88 (down from ₹1.67 in FY 2022). Revenue: ₹63.6b (down 9.2% from FY 2022). Net income: ₹4.41b (down 47% from FY 2022). Profit margin: 6.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Board Change • May 02
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. No experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Rajiv Dewan is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 50%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from ₹69.9b to ₹67.2b. EPS estimate rose from ₹0.60 to ₹0.90. Net income forecast to grow 34% next year vs 20% growth forecast for Luxury industry in India. Consensus price target up from ₹37.50 to ₹40.00. Share price was steady at ₹32.40 over the past week. Annuncio • Jan 31
Trident Limited to Report Q3, 2023 Results on Jan 30, 2023 Trident Limited announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: ₹0.29 (vs ₹0.42 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.29 (down from ₹0.42 in 3Q 2022). Revenue: ₹16.5b (down 17% from 3Q 2022). Net income: ₹1.44b (down 32% from 3Q 2022). Profit margin: 8.7% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Nov 16
Price target decreased to ₹41.50 Down from ₹51.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of ₹35.10. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₹1.30 for next year compared to ₹1.67 last year. Price Target Changed • Oct 27
Price target decreased to ₹41.50 Down from ₹51.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of ₹35.85. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of ₹1.30 for next year compared to ₹1.67 last year. Recent Insider Transactions • Jun 23
Insider recently sold ₹2.8m worth of stock On the 17th of June, Sapna Govil sold around 75k shares on-market at roughly ₹37.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹22m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹34.75, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Luxury industry in India. Total returns to shareholders of 510% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹29.10 per share. Reported Earnings • Jun 02
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹1.67 (up from ₹0.61 in FY 2021). Revenue: ₹70.0b (up 55% from FY 2021). Net income: ₹8.34b (up 174% from FY 2021). Profit margin: 12% (up from 6.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 16%, compared to a 23% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 01
Price target decreased to ₹56.00 Down from ₹64.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of ₹47.20. Stock is up 195% over the past year. Reported Earnings • Jan 20
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: ₹0.42 (up from ₹0.22 in 3Q 2021). Revenue: ₹19.8b (up 52% from 3Q 2021). Net income: ₹2.11b (up 88% from 3Q 2021). Profit margin: 11% (up from 8.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 8.6%, compared to a 22% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 05
Insider recently sold ₹11m worth of stock On the 30th of December, Siddharth Dewan sold around 225k shares on-market at roughly ₹50.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹19m more than they bought in the last 12 months.