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Trident

BSE:521064
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
521064
BSE
₹31B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Trident Limited manufactures, trades in, and sells yarn, terry towels, bedsheets, paper, and chemical products in the United States, India, and internationally. The last earnings update was 180 days ago. More info.


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521064 Share Price and Events
7 Day Returns
-2.4%
BSE:521064
-1.4%
IN Luxury
-2.4%
IN Market
1 Year Returns
-18.7%
BSE:521064
-8%
IN Luxury
-8.9%
IN Market
521064 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Trident (521064) -2.4% -13.9% -11.5% -18.7% 36.5% 336%
IN Luxury -1.4% -1.1% -1.9% -8% 50.1% 192.3%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • 521064 underperformed the Luxury industry which returned -8% over the past year.
  • 521064 underperformed the Market in India which returned -8.9% over the past year.
Price Volatility
521064
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Trident undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Trident to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Trident.

BSE:521064 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:521064
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (90%))
0.911
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.911 * 7.45%)
14.33%

Discounted Cash Flow Calculation for BSE:521064 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Trident is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:521064 DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 5,443.00 7,826.00 7,223.00 7,657.31 8,117.74
Source Analyst x1 Analyst x1 Analyst x1 Est @ 6.01% Est @ 6.01%
Present Value
Discounted (@ 14.33%)
4,760.61 5,986.71 4,832.70 4,480.98 4,154.85
Present value of next 5 years cash flows ₹24,215.85
BSE:521064 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹8,117.74 × (1 + 7.55%) ÷ (14.33% – 7.55%)
₹128,691.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹128,691.97 ÷ (1 + 14.33%)5
₹65,867.63
BSE:521064 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹24,215.85 + ₹65,867.63
₹90,083.48
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹90,083.48 / 509.60
₹176.77
BSE:521064 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹176.77
Current discount Discount to share price of ₹61.00
= -1 x (₹61.00 - ₹176.77) / ₹176.77
65.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Trident is available for.
Intrinsic value
>50%
Share price is ₹61 vs Future cash flow value of ₹176.77
Current Discount Checks
For Trident to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Trident's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Trident's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Trident's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Trident's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:521064 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹5.30
BSE:521064 Share Price ** BSE (2019-02-15) in INR ₹61
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.58x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Trident.

BSE:521064 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:521064 Share Price ÷ EPS (both in INR)

= 61 ÷ 5.30

11.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trident is good value based on earnings compared to the IN Luxury industry average.
  • Trident is good value based on earnings compared to the India market.
Price based on expected Growth
Does Trident's expected growth come at a high price?
Raw Data
BSE:521064 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
21.5%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

BSE:521064 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.5x ÷ 21.5%

0.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trident is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Trident's assets?
Raw Data
BSE:521064 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹57.72
BSE:521064 Share Price * BSE (2019-02-15) in INR ₹61
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
BSE:521064 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521064 Share Price ÷ Book Value per Share (both in INR)

= 61 ÷ 57.72

1.06x

* Primary Listing of Trident.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Trident is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Trident's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Trident has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Trident expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Trident expected to grow at an attractive rate?
  • Trident's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Trident's earnings growth is expected to exceed the India market average.
  • Trident's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:521064 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:521064 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 21.5%
BSE:521064 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.8%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:521064 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:521064 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 57,535 8,223 5,218 1
2020-03-31 55,102 8,425 4,620 3
2019-03-31 51,374 6,762 3,903 3
BSE:521064 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 45,679 4,762 2,640
2017-03-31 46,277 9,988 3,372
2016-03-31 36,751 5,322 2,421

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Trident's earnings are expected to grow significantly at over 20% yearly.
  • Trident's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:521064 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Trident Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521064 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 10.50 10.50 10.50 1.00
2020-03-31 8.75 9.70 7.50 4.00
2019-03-31 8.00 8.00 8.00 1.00
BSE:521064 Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 5.30
2017-03-31 6.77
2016-03-31 4.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Trident is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Trident's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Trident has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Trident performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Trident's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Trident has delivered over 20% year on year earnings growth in the past 5 years.
  • Trident's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Trident's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Trident's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Trident Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:521064 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 45,678.80 2,640.30 5,546.70
2017-03-31 46,276.90 3,372.20 6,129.60
2016-03-31 36,751.30 2,420.60 4,557.70
2015-03-31 37,553.30 1,178.60 4,160.40
2014-03-31 38,689.60 1,940.20 5,599.10
2013-03-31 33,351.80 493.10 4,182.70
2012-12-31 31,632.35 156.81 3,820.38
2012-09-30 29,848.21 176.70 3,717.88
2012-06-30 28,503.46 -33.92 2,089.47
2012-03-31 27,322.80 -434.70 3,575.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Trident has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Trident used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Trident's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Trident's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Trident has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Trident's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Trident's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Trident is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Trident's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Trident's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Trident Company Filings, last reported 10 months ago.

BSE:521064 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 29,414.50 27,978.10 647.10
2017-03-31 27,568.50 28,494.10 837.00
2016-03-31 24,361.00 35,026.60 154.50
2015-03-31 14,553.50 25,801.40 221.10
2014-03-31 9,278.30 18,622.70 405.10
2013-03-31 7,061.30 22,398.10 360.70
2012-12-31 6,529.34 20,485.68 332.70
2012-09-30 6,529.34 20,485.68 332.70
2012-06-30 6,505.51 20,082.21 230.26
2012-03-31 6,504.30 22,836.50 230.30
  • Trident's level of debt (95.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (316.8% vs 95.1% today).
  • Debt is not well covered by operating cash flow (17%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess Trident's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Trident has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Trident's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.93%
Current annual income from Trident dividends. Estimated to be 4.26% next year.
If you bought ₹2,000 of Trident shares you are expected to receive ₹79 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Trident's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Trident's dividend is above the markets top 25% of dividend payers in India (2.1%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:521064 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:521064 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 3.00 1.00
2020-03-31 2.70 1.00
2019-03-31 2.10 1.00
BSE:521064 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-15 2.400 3.674
2018-08-07 1.500 2.328
2018-05-07 1.500 2.585
2018-01-29 1.500 2.145
2017-08-14 1.500 1.627
2017-05-09 1.500 1.833
2016-08-08 1.200 1.944
2016-05-12 0.900 1.837
2015-10-27 0.600 1.190
2015-08-18 0.600 1.526
2015-02-12 0.600 2.311
2014-08-06 0.300 1.135
2013-05-15 0.000 0.000
2013-02-04 0.000 0.000
2012-11-12 0.000 0.000
2012-08-30 0.000 0.000
2011-09-02 1.200 11.372

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Trident has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Trident only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Trident's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Trident's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Trident afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Trident has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Trident's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Deepak Nanda
COMPENSATION ₹22,400,000
AGE 58
CEO Bio

Mr. Deepak Nanda, B.Sc, M.Sc., has been Managing Director of Trident Infotech Limited since February 1, 2008. Mr. Nanda serves as Managing Director of Trident Infotech Corporation Limited. He serves as the Chief Executive Officer at Trident Limited and has been its Managing Director since November 12, 2013. Mr. Nanda is an IT professional with a proven track record of delivering best productivity, Return on Investment, value and results in domestic and overseas segment. He possesses more than two and half decades of experience and specializes in business development, client relationship, contract negotiations, project implementation and delivery, improving the efficiency & effectiveness of client's business through IT. He has been Whole-Time Director at Trident Limited since November 12, 2011. He serves as Director of Trident Infotech Corporation Limited. Mr. Nanda has been a Director of Trident Infotech Limited since July 1, 2008. He serves as Director of SME Business Services Limited, MDE Infra Consultants Private Limited and Punjab Venture Capital Fund Limited. He received his Master of Science and Advance Training in Computer Software and Management.

CEO Compensation
  • Deepak's compensation has been consistent with company performance over the past year.
  • Deepak's remuneration is about average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Trident management team in years:

4.3
Average Tenure
47
Average Age
  • The tenure for the Trident management team is about average.
Management Team

Deepak Nanda

TITLE
CEO, MD & Whole-Time Director
COMPENSATION
₹22M
AGE
58

Gunjan Shroff

TITLE
Chief Financial Officer
COMPENSATION
₹21M
AGE
40
TENURE
0.1 yrs

Ramandeep Kaur

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹4M
TENURE
2.1 yrs

Sheerish Kumar

TITLE
President
AGE
47

Pardeep Markanday

TITLE
Chief Operating Officer of Home Textiles
COMPENSATION
₹5M
AGE
61
TENURE
6.3 yrs

R. Johri

TITLE
Chief Operating Officer of Papers
TENURE
6.3 yrs

Rajnish Gera

TITLE
Chief Operating Officer of Energy & Chemicals
AGE
46
TENURE
6.3 yrs

Hari Krishan

TITLE
Deputy Company Secretary
TENURE
2.3 yrs

Rajneesh Bhatia

TITLE
Chief Executive Officer of India Marketing
COMPENSATION
₹2M
AGE
47
Board of Directors Tenure

Average tenure and age of the Trident board of directors in years:

6.8
Average Tenure
58.5
Average Age
  • The tenure for the Trident board of directors is about average.
Board of Directors

Rajinder Gupta

TITLE
Co-Chairman
COMPENSATION
₹115M
AGE
59
TENURE
6.8 yrs

Pallavi Shroff

TITLE
Chairperson
COMPENSATION
₹400K
AGE
62

Deepak Nanda

TITLE
CEO, MD & Whole-Time Director
COMPENSATION
₹22M
AGE
58
TENURE
7.3 yrs

Rajiv Dewan

TITLE
Independent Non-Executive Director
COMPENSATION
₹700K
AGE
56
TENURE
13.8 yrs

Abhishek Gupta

TITLE
Chairman of the Corporate Advisory Board
COMPENSATION
₹15M
AGE
31
TENURE
6.3 yrs

Dinesh Mittal

TITLE
Non-Executive Independent Director
COMPENSATION
₹5M
AGE
65
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
28. Sep 18 Buy Lotus Global Foundation Company 26. Sep 18 27. Sep 18 815,000 ₹61.50 ₹49,902,535
09. Jun 18 Buy Trident Group Limited Company 08. Jun 18 08. Jun 18 7,089 ₹57.14 ₹405,048
X
Management checks
We assess Trident's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Trident has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Trident And Other Great Stocks

532772's earnings growth in the past year of 22.87%, beating the banks industry's growth of 12.83%, is a rewarding treat for company shareholders. … BSE:532772 Future Profit Jun 21st 18 Kaveri Seed Company Limited (BSE:532899) Kaveri Seed Company Limited produces and distributes hybrid seeds of field and vegetable crops. … 532899's earnings growth in the past year reaching triple-digits, generating a strong triple-digit return on equity, is an impressive feat for the company.

Simply Wall St -

Trident Limited (BOM:521064) Delivered A Better ROE Than The Industry, Here’s Why

and want a simplistic look at the return on Trident Limited (BOM:521064) stock. … Trident Limited (BOM:521064) performed in-line with its textiles industry on the basis of its ROE – producing a return of8.98% relative to the peer average of 7.50% over the past 12 months. … Return on Equity (ROE) is a measure of Trident’s profit relative to its shareholders’ equity.

Simply Wall St -

Company Info

Map
Description

Trident Limited manufactures, trades in, and sells yarn, terry towels, bedsheets, paper, and chemical products in the United States, India, and internationally. The company operates through Textiles, and Paper and Chemical segments. It offers home textiles, such as terry towels, bedsheets, blankets, dohars, and bathrobes. The company also provides cotton, blended, special open end, organic cotton, core spun, eli-twist, compact, and slub yarns, as well as value added yarns consisting of mélange, package dyed, gassed mercerized, zero twist, wrapper, bamboo/cotton, modal/cotton, soya/cotton, polyester/cotton, BCI cotton, BMP cotton, and dyed yarn products; copier, writing and printing maplitho, and bible and offset print papers; and commercial, battery, and laboratory reagent grade sulphuric acid used in various industries for the production of zinc sulphate, alum, detergent, dye, fertilizer, and pharmaceutical products, as well as for battery manufacturing, metal pickling, and power plant applications. Trident Limited also exports its products. The company was formerly known as Abhishek Industries Limited and changed its name to Trident Limited in April 2011. The company was founded in 1990 and is headquartered in Ludhiana, India. Trident Limited is a subsidiary of Trident Group Limited.

Details
Name: Trident Limited
521064
Exchange: BSE
Founded: 1990
₹31,085,329,587
509,595,567
Website: http://www.tridentindia.com
Address: Trident Limited
E-212, Kitchlu Nagar,
Ludhiana,
Punjab, 141001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521064 Equity Shares Mumbai Stock Exchange IN INR 06. Jun 2001
NSEI TRIDENT Equity Shares National Stock Exchange of India IN INR 06. Jun 2001
Number of employees
Current staff
Staff numbers
0
Trident employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 12:38
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/02
Last earnings filing: 2018/08/20
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.