Announcement • May 08
Trio Mercantile & Trading Limited to Report Q4, 2026 Results on May 15, 2026 Trio Mercantile & Trading Limited announced that they will report Q4, 2026 results on May 15, 2026 Buy Or Sell Opportunity • Apr 29
Now 25% undervalued Over the last 90 days, the stock has risen 47% to ₹1.00. The fair value is estimated to be ₹1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 10
Now 24% undervalued Over the last 90 days, the stock has risen 39% to ₹0.97. The fair value is estimated to be ₹1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 25
Now 23% undervalued Over the last 90 days, the stock has risen 41% to ₹1.00. The fair value is estimated to be ₹1.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 09
Now 27% undervalued Over the last 90 days, the stock has risen 39% to ₹0.97. The fair value is estimated to be ₹1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.026 loss per share (vs ₹0.032 loss in 3Q 2025) Third quarter 2026 results: ₹0.026 loss per share (improved from ₹0.032 loss in 3Q 2025). Net loss: ₹1.77m (loss narrowed 19% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 02
Trio Mercantile & Trading Limited to Report Q3, 2026 Results on Feb 13, 2026 Trio Mercantile & Trading Limited announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: ₹0.005 loss per share (vs ₹0.007 profit in 2Q 2025) Second quarter 2026 results: ₹0.005 loss per share (down from ₹0.007 profit in 2Q 2025). Net loss: ₹356.9k (down 180% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 03
Trio Mercantile & Trading Limited to Report Q2, 2026 Results on Nov 14, 2025 Trio Mercantile & Trading Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Sep 02
Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2025 Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2025, at 09:30 Indian Standard Time. Location: 613/b, mangal aarambh, nr. mc donalds, kora kendra, borivali (w), mumbai -400092, maharashtra, mumbai India Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹0.011 (vs ₹0.009 in 1Q 2025) First quarter 2026 results: EPS: ₹0.011 (up from ₹0.009 in 1Q 2025). Net income: ₹760.2k (up 29% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Trio Mercantile & Trading Limited to Report Q1, 2026 Results on Aug 12, 2025 Trio Mercantile & Trading Limited announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 17
Full year 2025 earnings released: ₹0.008 loss per share (vs ₹0.032 loss in FY 2024) Full year 2025 results: ₹0.008 loss per share (improved from ₹0.032 loss in FY 2024). Net loss: ₹543.2k (loss narrowed 75% from FY 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • May 05
Trio Mercantile & Trading Limited to Report Q4, 2025 Results on May 16, 2025 Trio Mercantile & Trading Limited announced that they will report Q4, 2025 results on May 16, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: ₹0.032 loss per share (vs ₹0.022 profit in 3Q 2024) Third quarter 2025 results: ₹0.032 loss per share (down from ₹0.022 profit in 3Q 2024). Revenue: ₹6.96m (up ₹6.82m from 3Q 2024). Net loss: ₹2.17m (down 248% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Feb 04
Trio Mercantile & Trading Limited to Report Q3, 2025 Results on Feb 13, 2025 Trio Mercantile & Trading Limited announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Revenue is less than US$1m (₹17m revenue, or US$198k). Market cap is less than US$10m (₹70.7m market cap, or US$822.6k). Announcement • Dec 05
Trio Mercantile & Trading Limited Announces Resignation of Meghha Trivedi as Company Secretary Trio Mercantile & Trading Limited informed that Mrs. Meghha Trivedi has tendered her resignation from the post of Company Secretary of the Company to pursue carrier opportunity outside the company with effect from closing of business hours of December 10, 2024. Reported Earnings • Nov 20
Second quarter 2025 earnings released: EPS: ₹0.007 (vs ₹0.056 loss in 2Q 2024) Second quarter 2025 results: EPS: ₹0.007 (up from ₹0.056 loss in 2Q 2024). Revenue: ₹8.39m (down 13% from 2Q 2024). Net income: ₹444.4k (up ₹4.26m from 2Q 2024). Profit margin: 5.3% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Nov 04
Trio Mercantile & Trading Limited to Report Q2, 2025 Results on Nov 14, 2024 Trio Mercantile & Trading Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 04
Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2024 Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2024, at 09:30 Indian Standard Time. Location: 613/b, mangal aarambh, nr. mc donalds, kora kendra, borivali (w), mumbai -400092, maharashtra, mumbai India Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: ₹0.009 (vs ₹0.013 in 1Q 2024) First quarter 2025 results: EPS: ₹0.009 (down from ₹0.013 in 1Q 2024). Net income: ₹589.0k (down 34% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Trio Mercantile & Trading Limited to Report Q1, 2025 Results on Aug 14, 2024 Trio Mercantile & Trading Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • Jun 04
Full year 2024 earnings released: ₹0.032 loss per share (vs ₹0.015 loss in FY 2023) Full year 2024 results: ₹0.032 loss per share (further deteriorated from ₹0.015 loss in FY 2023). Revenue: ₹32.4m (down 11% from FY 2023). Net loss: ₹2.20m (loss widened 120% from FY 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • May 29
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 8.0% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹29m free cash flow). Earnings have declined by 26% per year over the past 5 years. Revenue is less than US$1m (₹34m revenue, or US$408k). Market cap is less than US$10m (₹68.6m market cap, or US$823.0k). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • May 17
Trio Mercantile & Trading Limited to Report Q4, 2024 Results on May 30, 2024 Trio Mercantile & Trading Limited announced that they will report Q4, 2024 results on May 30, 2024 Announcement • Feb 02
Trio Mercantile & Trading Limited to Report Q3, 2024 Results on Feb 13, 2024 Trio Mercantile & Trading Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₹12.1m (up 75% from 2Q 2023). Net loss: ₹3.82m (loss widened 401% from 2Q 2023). Announcement • Sep 02
Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2023 Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2023, at 09:30 Indian Standard Time. Location: Company at 613/B, Mangal Aarambh,Nr. Mc Donalds Kora Kendra, Borivali Mumabi Maharashtra India Reported Earnings • Aug 16
First quarter 2024 earnings released First quarter 2024 results: EPS: ₹0.013. Revenue: ₹11.7m (up 92% from 1Q 2023). Net income: ₹888.9k (up ₹923.2k from 1Q 2023). Profit margin: 7.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Aug 03
Trio Mercantile & Trading Limited to Report Q1, 2024 Results on Aug 14, 2023 Trio Mercantile & Trading Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 04
Full year 2023 earnings released: ₹0.015 loss per share (vs ₹0.068 loss in FY 2022) Full year 2023 results: ₹0.015 loss per share (improved from ₹0.068 loss in FY 2022). Revenue: ₹45.9m (up 5.2% from FY 2022). Net loss: ₹1.00m (loss narrowed 78% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 56% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: ₹0 (vs ₹0.11 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0 (improved from ₹0.11 loss in 3Q 2022). Revenue: ₹11.4m (up 173% from 3Q 2022). Net income: ₹26.3k (up ₹7.49m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Feb 03
Trio Mercantile & Trading Limited to Report Q3, 2023 Results on Feb 14, 2023 Trio Mercantile & Trading Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Woman Director Divya Poriya was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 07
Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2022 Trio Mercantile & Trading Limited, Annual General Meeting, Sep 30, 2022, at 10:00 Indian Standard Time. Location: 613/B, Mangal Aarambh, Kora Kendra,Borivali (West), Mumbai India Agenda: To receive, consider and adopt the Audited Statement of Profit and Loss for the Financial Year ended 31st March, 2022, the Balance Sheet as at that date and the reports of the Board of Directors and Auditors thereon;to appoint a Director in place of Mr. Deepak Mehta (Din: 00046696) who retires by rotation and is eligible for re-appointment;to re-appoint Mr. Deepak Mehta (DIN: 00046696) as a Whole time Director and in this regard;and to consider other matters. Reported Earnings • Aug 14
First quarter 2023 earnings released: ₹0.001 loss per share (vs ₹0.016 profit in 1Q 2022) First quarter 2023 results: ₹0.001 loss per share (down from ₹0.016 profit in 1Q 2022). Revenue: ₹8.14m (up 107% from 1Q 2022). Net loss: ₹34.3k (down 103% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 03
Full year 2022 earnings released: ₹0.068 loss per share (vs ₹0.20 loss in FY 2021) Full year 2022 results: ₹0.068 loss per share (up from ₹0.20 loss in FY 2021). Revenue: ₹52.5m (down 5.3% from FY 2021). Net loss: ₹4.61m (loss narrowed 66% from FY 2021). Announcement • May 21
Trio Mercantile & Trading Limited to Report Q4, 2022 Results on May 30, 2022 Trio Mercantile & Trading Limited announced that they will report Q4, 2022 results on May 30, 2022 Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Woman Director Divya Poriya was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.11 loss per share (down from ₹0.03 profit in 3Q 2021). Revenue: ₹6.21m (down 44% from 3Q 2021). Net loss: ₹7.46m (down 463% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Trio Mercantile & Trading Limited to Report Q3, 2022 Results on Feb 14, 2022 Trio Mercantile & Trading Limited announced that they will report Q3, 2022 results on Feb 14, 2022 Board Change • Sep 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Woman Director Divya Poriya was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Mar 05
New 90-day high: ₹38.90 The company is up 20% from its price of ₹32.55 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 89% over the same period. Is New 90 Day High Low • Jan 15
New 90-day low: ₹27.40 The company is down 16% from its price of ₹32.55 on 16 October 2020. The Indian market is up 26% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 66% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: ₹31.40 The company is down 10.0% from its price of ₹34.90 on 18 September 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 02
New 90-day low: ₹32.30 The company is down 1.0% from its price of ₹32.75 on 03 September 2020. The Indian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 27% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: ₹32.50 The company is down 13% from its price of ₹37.50 on 02 July 2020. The Indian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 57% over the same period. Announcement • Sep 08
Trio Mercantile & Trading Limited to Report Q1, 2021 Results on Sep 14, 2020 Trio Mercantile & Trading Limited announced that they will report Q1, 2021 results on Sep 14, 2020 Announcement • Jul 05
Trio Mercantile & Trading Limited to Report Q4, 2020 Results on Jun 30, 2020 Trio Mercantile & Trading Limited announced that they will report Q4, 2020 results on Jun 30, 2020