NSEI:TRIDENT

Stock Analysis Report

Executive Summary

Trident Limited manufactures, trades in, and sells yarn, terry towels, bedsheets, paper, and chemical products in the United States, India, and internationally.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.

Share Price & News

How has Trident's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.0%

TRIDENT

1.0%

IN Luxury

1.4%

IN Market


1 Year Return

-12.8%

TRIDENT

9.3%

IN Luxury

2.3%

IN Market

Return vs Industry: TRIDENT underperformed the Indian Luxury industry which returned 9.3% over the past year.

Return vs Market: TRIDENT underperformed the Indian Market which returned 2.3% over the past year.


Shareholder returns

TRIDENTIndustryMarket
7 Day1.0%1.0%1.4%
30 Day-10.2%4.8%2.7%
90 Day-6.7%6.0%-1.4%
1 Year-8.2%-12.8%10.2%9.3%4.3%2.3%
3 Year5.0%-4.6%47.5%45.8%20.9%14.9%
5 Year104.2%77.0%105.1%101.4%41.2%28.2%

Price Volatility Vs. Market

How volatile is Trident's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trident undervalued compared to its fair value and its price relative to the market?

6.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: TRIDENT (₹56.1) is trading above our estimate of fair value (₹49.59)

Significantly Undervalued: TRIDENT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TRIDENT is good value based on its PE Ratio (6.4x) compared to the Luxury industry average (10.2x).

PE vs Market: TRIDENT is good value based on its PE Ratio (6.4x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

Low PEG Ratio: TRIDENT is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: TRIDENT is overvalued based on its PB Ratio (0.9x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

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

7.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TRIDENT's forecast earnings growth (7.3% per year) is below the savings rate (7.6%).

Earnings vs Market: TRIDENT's earnings (7.3% per year) are forecast to grow slower than the Indian market (18.1% per year).

High Growth Earnings: TRIDENT's earnings are forecast to grow, but not significantly.

Revenue vs Market: TRIDENT's revenue (5.3% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: TRIDENT's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if TRIDENT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Trident performed over the past 5 years?

20.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TRIDENT's earnings have grown significantly by 20.2% per year over the past 5 years.

Accelerating Growth: TRIDENT's earnings growth over the past year (48.8%) exceeds its 5-year average (20.2% per year).

Earnings vs Industry: TRIDENT earnings growth over the past year (48.8%) exceeded the Luxury industry 7.9%.


Return on Equity

High ROE: TRIDENT's Return on Equity (14.6%) is considered low.


Return on Assets

ROA vs Industry: TRIDENT has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: TRIDENT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Trident's financial position?


Financial Position Analysis

Short Term Liabilities: TRIDENT's short term assets (₹20.4B) exceeds its short term liabilities (₹18.2B)

Long Term Liabilities: TRIDENT's short term assets (20.4B) exceeds its long term liabilities (13.6B)


Debt to Equity History and Analysis

Debt Level: TRIDENT's debt to equity ratio (84.9%) is considered high

Reducing Debt: TRIDENT's debt to equity ratio has reduced from 192.6% to 84.9% over the past 5 years.

Debt Coverage: TRIDENT's debt is well covered by operating cash flow (26%).

Interest Coverage: TRIDENT's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet

Inventory Level: TRIDENT has a high level of physical assets or inventory.

Debt Coverage by Assets: TRIDENT's debt is not covered by short term assets (assets are 0.8x debt).


Next Steps

Dividend

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

5.36%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Years7.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TRIDENT's dividend (5.36%) is higher than the bottom 25% of dividend payers in the Indian market (0.61%).

High Dividend: TRIDENT's dividend (5.36%) is in the top 25% of dividend payers in the Indian market (2.51%)

Stable Dividend: TRIDENT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TRIDENT's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.3%), TRIDENT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

- Amandeep (50yo)

0.08yrs

Tenure

0

Mr. - Amandeep has been Managing Director of Trident Limited since September 5, 2019. Mr. Amandeep has been Additional Non-Executive Non Independent Director of Trident Limited since August 3, 2019. He is  ...


Management Age and Tenure

2.8yrs

Average Tenure

48yo

Average Age

Experienced Management: TRIDENT's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

7.3yrs

Average Tenure

59yo

Average Age

Experienced Board: TRIDENT's board of directors are considered experienced (7.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Buy₹26,784,63011 Jun 19
Trident Group Limited
EntityCompany
Shares400,000
Max Price₹66.96

Ownership Breakdown


Management Team

  • Pardeep Markanday (62yo)

    Chief Operating Officer of Home Textiles

    • Tenure: 7yrs
    • Compensation: ₹5.15m
  • Sheerish Kumar (48yo)

    President

    • Tenure: 0yrs
  • Deepak Nanda (59yo)

    Whole-Time Director

    • Tenure: 7.9yrs
    • Compensation: ₹26.30m
  • Abhishek Gupta (32yo)

    Chairman of the Corporate Advisory Board & Chief Strategic Marketing

    • Tenure: 7yrs
    • Compensation: ₹15.50m
  • R. Johri

    Chief Operating Officer of Papers

    • Tenure: 7yrs
  • Rajnish Gera (47yo)

    Chief Operating Officer of Energy & Chemicals

    • Tenure: 7yrs
  • Gunjan Shroff (41yo)

    Chief Financial Officer

    • Tenure: 0.8yrs
    • Compensation: ₹33.69m
  • Ramandeep Kaur

    Compliance Officer & Company Secretary

    • Tenure: 2.8yrs
    • Compensation: ₹4.80m
  • - Amandeep (50yo)

    MD & Additional Non-Executive Non Independent Director

    • Tenure: 0.08yrs
  • Abhinav Gupta

    Investor Relation

    • Tenure: 0yrs

Board Members

  • Rajinder Gupta (60yo)

    Co-Chairman

    • Tenure: 7.5yrs
    • Compensation: ₹163.00m
  • Rajiv Dewan (57yo)

    Independent Non-Executive Director

    • Tenure: 14.4yrs
    • Compensation: ₹800.00k
  • Pallavi Shroff (63yo)

    Independent Chairperson

    • Tenure: 0yrs
    • Compensation: ₹500.00k
  • Deepak Nanda (59yo)

    Whole-Time Director

    • Tenure: 7.9yrs
    • Compensation: ₹26.30m
  • Abhishek Gupta (32yo)

    Chairman of the Corporate Advisory Board & Chief Strategic Marketing

    • Tenure: 7yrs
    • Compensation: ₹15.50m
  • Dinesh Mittal (66yo)

    Non-Executive Independent Director

    • Tenure: 2.2yrs
    • Compensation: ₹5.30m
  • - Amandeep (50yo)

    MD & Additional Non-Executive Non Independent Director

    • Tenure: 0.08yrs

Company Information

Trident Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trident Limited
  • Ticker: TRIDENT
  • Exchange: NSEI
  • Founded: 1990
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹28.614b
  • Shares outstanding: 509.60m
  • Website: https://www.tridentindia.com

Location

  • Trident Limited
  • E-212, Kitchlu Nagar
  • Ludhiana
  • Punjab
  • 141001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
521064BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 2001
TRIDENTNSEI (National Stock Exchange of India)YesEquity SharesININRJun 2001

Biography

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 P ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 12:46
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.