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

Solid track record with excellent balance sheet.

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

-0.4%

TRIDENT

6.9%

IN Luxury

-4.2%

IN Market


1 Year Return

-5.3%

TRIDENT

0.2%

IN Luxury

-7.8%

IN Market

TRIDENT underperformed the Luxury industry which returned 0.2% over the past year.

TRIDENT outperformed the Market in India which returned -7.8% over the past year.


Share holder returns

TRIDENTIndustryMarket
7 Day-0.4%6.9%-4.2%
30 Day11.6%11.2%2.7%
90 Day-3.4%-2.3%-5.5%
1 Year-0.3%-5.3%1.0%0.2%-6.0%-7.8%
3 Year22.4%11.2%51.1%45.1%18.5%12.6%
5 Year152.9%119.2%105.7%94.8%38.6%25.6%

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

6.92x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Trident's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Trident's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Trident is good value based on expected growth next year.


Price Based on Value of Assets

Trident is overvalued based on assets compared to the IN Luxury industry average.


Next Steps

Future Growth

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

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Trident's revenue is expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

Trident's earnings are expected to grow by 10.3% yearly, however this is not considered high growth (20% yearly).

Trident's revenue growth is positive but not above the India market average.

Trident's earnings growth is positive but not above the India market average.

Trident's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Trident will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Trident has delivered over 20% year on year earnings growth in the past 5 years.

Trident's 1-year earnings growth exceeds its 5-year average (48.8% vs 20.2%)

Trident's earnings growth has exceeded the IN Luxury industry average in the past year (48.8% vs 7.8%).


Return on Equity

Trident has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Trident used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.


Return on Capital Employed

Trident has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Trident's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Trident's level of debt (84.9%) 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 (192.6% vs 84.9% today).

Debt is well covered by operating cash flow (26%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

6.52%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Trident's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.57%).

Trident's dividend is above the markets top 25% of dividend payers in India (2.34%).

Trident has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Trident only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.9x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

- Amandeep (50yo)

0yrs

Tenure

0

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


Management Age and Tenure

4.9yrs

Average Tenure

48yo

Average Age

The tenure for the Trident management team is about average.


Board Age and Tenure

7.4yrs

Average Tenure

59.5yo

Average Age

The tenure for the Trident board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹26,784,63011 Jun 19
Trident Group Limited
EntityCompany
Shares400,000
Max Price₹66.96
Buy₹49,902,53528 Sep 18
Lotus Global Foundation
EntityCompany
Shares815,000
Max Price₹61.50

Ownership Breakdown


Management Team

  • Pardeep Markanday (62yo)

    Chief Operating Officer of Home Textiles

    • Tenure: 6.9yrs
    • Compensation: ₹5.15m
  • Rajneesh Bhatia (48yo)

    Chief Executive Officer of India Marketing

    • Tenure: 0yrs
    • Compensation: ₹2.21m
  • Sheerish Kumar (48yo)

    President

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

    Whole-Time Director

    • Tenure: 7.8yrs
    • Compensation: ₹26.30m
  • R. Johri

    Chief Operating Officer of Papers

    • Tenure: 6.9yrs
  • Rajnish Gera (47yo)

    Chief Operating Officer of Energy & Chemicals

    • Tenure: 6.9yrs
  • Gunjan Shroff (41yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
    • Compensation: ₹33.69m
  • Hari Krishan

    Deputy Company Secretary

    • Tenure: 2.8yrs
  • Ramandeep Kaur

    Compliance Officer & Company Secretary

    • Tenure: 2.7yrs
    • Compensation: ₹4.80m
  • - Amandeep (50yo)

    MD & Additional Non-Executive Non Independent Director

    • Tenure: 0yrs

Board Members

  • Rajinder Gupta (60yo)

    Co-Chairman

    • Tenure: 7.4yrs
    • Compensation: ₹163.00m
  • Rajiv Dewan (57yo)

    Independent Non-Executive Director

    • Tenure: 14.3yrs
    • Compensation: ₹800.00k
  • Pallavi Shroff (63yo)

    Chairperson

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

    Whole-Time Director

    • Tenure: 7.8yrs
    • Compensation: ₹26.30m
  • Abhishek Gupta (32yo)

    Chairman of the Corporate Advisory Board

    • Tenure: 6.9yrs
    • Compensation: ₹15.50m
  • Dinesh Mittal (66yo)

    Non-Executive Independent Director

    • Tenure: 2.1yrs
    • Compensation: ₹5.30m

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: ₹30.881b
  • 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 Analysis2019/09/21 12:47
End of Day Share Price2019/09/20 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.