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Last Updated: April 2, 2026, 3:50 am
Author: Getaka|Social: XLinkedIn

Trident Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹18.15Overvalued by 24.06%vs CMP ₹23.90

P/E (29.8) × ROE (8.2%) × BV (₹9.06) × DY (2.09%)

₹11.57Overvalued by 51.59%vs CMP ₹23.90
MoS: -106.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹15.7223%Over (-34.2%)
Graham NumberEarnings₹12.7716%Over (-46.6%)
Earnings PowerEarnings₹3.0511%Over (-87.2%)
DCFCash Flow₹4.7714%Over (-80%)
Net Asset ValueAssets₹9.077%Over (-62.1%)
EV/EBITDAEnterprise₹21.929%Fair (-8.3%)
Earnings YieldEarnings₹8.007%Over (-66.5%)
ROCE CapitalReturns₹13.007%Over (-45.6%)
Revenue MultipleRevenue₹13.725%Over (-42.6%)
Consensus (9 models)₹11.57100%Overvalued
Key Drivers: Wide model spread (₹3–₹22) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -13.4%

*Investments are subject to market risks

Investment Snapshot

53
Trident Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health57/100 · Moderate
ROCE 9.5% AverageROE 8.2% AverageD/E 0.44 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.14% (6mo) Slight increasePromoter holding at 73.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (19% → 14%) Declining
Quarterly Momentum60/100 · Moderate
Revenue (4Q): 2% YoY FlatProfit (4Q): +38% YoY StrongOPM: 9.0% (down 4.0% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 29.8 vs industry 474.3 Cheaper than peersROCE 9.5% vs industry 9.2% Average3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Trident Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
70/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 29.8 vs Ind 474.3 | ROCE 9.5% | ROE 8.2% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.44x | IntCov 0.0x | Current 0.99x | Borrow/Reserve 0.39x
Cash Flow Reliability
29/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹371 Cr | CFO/NP N/A
Ownership Accumulation
+50
Accumulation
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.11 pp | DII +0.04 pp | Prom 0.00 pp
Business Momentum
-86
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -11.9% | Q NP -51.6% | Q OPM -3.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-51.6%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.39xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.11 ppLatest FII% minus previous FII%
DII Change+0.04 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-50,578Latest shareholder count minus previous count
Quarterly Sales Change-11.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-51.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-3.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:50 am

Market Cap 12,174 Cr.
Current Price 23.9
Intrinsic Value₹11.57
High / Low 34.6/22.0
Stock P/E29.8
Book Value 9.06
Dividend Yield2.09 %
ROCE9.48 %
ROE8.23 %
Face Value 1.00
PEG Ratio-2.23

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Trident Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Trident Ltd 12,174 Cr. 23.9 34.6/22.029.8 9.062.09 %9.48 %8.23 % 1.00
Vardhman Textiles Ltd (VTL) 15,326 Cr. 530 560/38319.2 3510.94 %10.8 %8.95 % 2.00
Indo Count Industries Ltd 4,880 Cr. 246 351/21142.9 1170.81 %13.5 %11.3 % 2.00
Nitin Spinners Ltd 2,041 Cr. 363 427/29512.2 2440.83 %13.2 %14.3 % 10.0
Pashupati Cotspin Ltd 1,555 Cr. 985 1,102/59697.5 1020.05 %11.5 %9.44 % 10.0
Industry Average3,322.90 Cr165.80474.26127.360.51%9.16%7.98%7.02

All Competitor Stocks of Trident Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,6411,5731,4941,7981,8351,6821,7431,7131,6671,8641,7071,7871,574
Expenses 1,3671,3051,2621,5571,5721,4771,5171,4871,4531,6191,4151,5731,439
Operating Profit 274269231240263205225226214245292214136
OPM % 17%17%15%13%14%12%13%13%13%13%17%12%9%
Other Income 871115141815111519201723
Interest 1922323540494746353312526
Depreciation 78808989909692929390938372
Profit before tax 186173122130146781029910217218812462
Tax % 22%24%25%31%25%24%28%16%21%22%25%27%28%
Net Profit 1441319190109597483801331409144
EPS in Rs 0.280.250.180.180.210.110.140.160.160.260.270.180.09

Last Updated: March 3, 2026, 2:06 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 6:41 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,8413,7373,6664,6254,5595,2494,7284,5316,9986,3326,8096,9876,933
Expenses 3,1093,0752,9363,7403,7084,2663,8823,7055,4785,3865,8696,0766,046
Operating Profit 7326617308858529838468261,520947940911887
OPM % 19%18%20%19%19%19%18%18%22%15%14%13%13%
Other Income 123433107634420-181625586080
Interest 21020614514111811211172868015613084
Depreciation 268321337412404364334337333313365366337
Profit before tax 2651682814393925504213981,116579477475545
Tax % 26%30%14%23%32%32%19%24%25%24%27%22%
Net Profit 194118242337266372340304834442350371409
EPS in Rs 0.620.230.480.660.520.730.670.601.640.860.690.730.80
Dividend Payout % 5%26%19%22%28%40%53%60%22%42%52%50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-39.18%105.08%39.26%-21.07%39.85%-8.60%-10.59%174.34%-47.00%-20.81%6.00%
Change in YoY Net Profit Growth (%)0.00%144.26%-65.83%-60.32%60.92%-48.45%-1.99%184.93%-221.34%26.19%26.81%

Trident Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:8%
3 Years:0%
TTM:-2%
Compounded Profit Growth
10 Years:12%
5 Years:2%
3 Years:-24%
TTM:32%
Stock Price CAGR
10 Years:24%
5 Years:35%
3 Years:-11%
1 Year:-24%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:9%
Last Year:8%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: December 10, 2025, 3:34 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 311509509498498498498510510510510510510
Reserves 6179471,9272,2592,2282,4752,5232,8193,3353,6833,8064,1114,109
Borrowings 1,8622,5803,5032,8492,7982,4361,9911,5621,5971,4422,1261,6351,605
Other Liabilities 3914725915786397477648811,0481,1941,122904995
Total Liabilities 3,1814,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,218
Fixed Assets 1,7962,8644,6934,3453,9023,7173,6813,7913,7134,0944,6084,4554,370
CWIP 36222621231771321456483368885350
Investments 1153172105115198128120490252
Other Assets 1,2341,3901,7021,6111,9692,1091,8221,9152,6912,3662,8192,6532,547
Total Assets 3,1814,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,218

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 7475445329994766561,2145059031,426287945
Cash from Investing Activity + -173-114-1,199-167-188-51-43-155-343-1,160-728-205
Cash from Financing Activity + -574-432667-808-268-643-862-570-387-410340-682
Net Cash Flow -0-212320-38309-220172-144-10057
Free Cash Flow 612362-5918522745511,053175551650-351718
CFO/OP 110%88%81%122%67%78%160%79%77%168%44%116%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow731.00659.00727.00883.00850.00981.00845.00825.000.00946.00938.00910.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 252025303746213627162216
Inventory Days 114142191127148152156185143117147126
Days Payable 394147282728345450585034
Cash Conversion Cycle 10012016912815816914316712175119107
Working Capital Days -30-28-15-5-49-22-1013122530
ROCE %17%11%9%10%9%12%10%10%23%12%10%9%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.19%73.19%73.19%73.19%73.19%73.19%73.19%73.19%73.68%73.68%73.68%73.68%
FIIs 2.43%2.47%2.56%2.55%2.65%2.63%2.73%2.83%3.02%2.98%3.05%3.16%
DIIs 0.04%0.05%0.05%0.06%0.05%0.06%0.07%0.09%0.10%0.12%0.15%0.19%
Public 23.09%23.03%22.95%22.96%22.85%22.87%22.76%22.82%22.89%23.21%23.11%22.96%
Others 1.25%1.25%1.25%1.25%1.25%1.25%1.25%1.06%0.31%0.01%0.01%0.01%
No. of Shareholders 19,15,80919,18,10820,04,43619,83,66721,18,06421,14,61820,82,19621,41,41021,34,36821,13,91020,78,58120,28,003

Shareholding Pattern Chart

No. of Shareholders

Trident Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Midcap 150 Index Fund 597,478 0.21 2.84597,4782025-04-22 17:25:170%
Nippon India ETF Nifty Midcap 150 532,906 0.21 2.54532,9062025-04-22 17:25:170%
Nippon India Nifty Midcap 150 Index Fund 501,481 0.21 2.39501,4812025-04-22 17:25:170%
Mirae Asset Nifty Midcap 150 ETF 282,123 0.21 1.34282,1232025-04-22 17:25:170%
ICICI Prudential Nifty Midcap 150 Index Fund 144,898 0.21 0.69144,8982025-04-22 17:25:170%
SBI Nifty Midcap 150 Index Fund 137,459 0.21 0.65137,4592025-04-22 17:25:170%
ICICI Prudential Nifty Midcap 150 ETF 130,358 0.22 0.62130,3582025-04-22 17:25:170%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund 73,057 0.21 0.3573,0572025-04-22 17:25:170%
Motilal Oswal Nifty 500 Index Fund 52,706 0.04 0.2552,7062025-04-22 17:25:170%
Navi Nifty Midcap 150 Index Fund 48,183 0.21 0.2348,1832025-04-22 17:25:170%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 0.730.690.881.670.61
Diluted EPS (Rs.) 0.730.690.881.6767.20
Cash EPS (Rs.) 1.451.401.482.291.26
Book Value[Excl.RevalReserv]/Share (Rs.) 9.078.478.237.546.53
Book Value[Incl.RevalReserv]/Share (Rs.) 9.078.478.237.546.53
Revenue From Operations / Share (Rs.) 13.7113.3612.4313.738.89
PBDIT / Share (Rs.) 1.911.961.913.011.65
PBIT / Share (Rs.) 1.191.241.292.360.98
PBT / Share (Rs.) 0.930.931.142.190.78
Net Profit / Share (Rs.) 0.720.680.861.630.59
NP After MI And SOA / Share (Rs.) 0.720.680.861.640.59
PBDIT Margin (%) 13.8914.6515.3321.9318.51
PBIT Margin (%) 8.659.2910.3917.1711.07
PBT Margin (%) 6.797.009.1315.948.78
Net Profit Margin (%) 5.305.146.9611.906.70
NP After MI And SOA Margin (%) 5.295.136.9611.916.71
Return on Networth / Equity (%) 8.008.0910.5121.689.14
Return on Capital Employeed (%) 10.2310.8012.2726.7912.77
Return On Assets (%) 5.164.626.4512.845.27
Long Term Debt / Equity (X) 0.200.270.190.080.07
Total Debt / Equity (X) 0.340.470.320.400.44
Asset Turnover Ratio (%) 0.940.940.941.130.78
Current Ratio (X) 2.011.581.401.270.99
Quick Ratio (X) 1.010.760.650.610.43
Inventory Turnover Ratio (X) 5.305.502.882.912.08
Dividend Payout Ratio (NP) (%) 48.9751.8240.8943.150.00
Dividend Payout Ratio (CP) (%) 24.6125.3523.9130.840.00
Earning Retention Ratio (%) 51.0348.1859.1156.850.00
Cash Earning Retention Ratio (%) 75.3974.6576.0969.160.00
Interest Coverage Ratio (X) 7.466.3812.2017.8011.63
Interest Coverage Ratio (Post Tax) (X) 3.853.246.5410.665.65
Enterprise Value (Cr.) 13262.5220152.6515248.8628363.408529.99
EV / Net Operating Revenue (X) 1.902.962.414.051.88
EV / EBITDA (X) 13.6620.1915.7018.4810.17
MarketCap / Net Operating Revenue (X) 1.772.732.253.871.58
Retention Ratios (%) 51.0248.1759.1056.840.00
Price / BV (X) 2.684.313.407.042.15
Price / Net Operating Revenue (X) 1.772.732.253.871.58
EarningsYield 0.020.010.030.030.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Trident Ltd. is a Public Limited Listed company incorporated on 18/04/1990 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L99999PB1990PLC010307 and registration number is 010307. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company's Total Operating Revenue is Rs. 6965.89 Cr. and Equity Capital is Rs. 509.60 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedTrident Group, Sanghera Punjab 148101Contact not found
Management
NamePosition Held
Padmashri Rajinder GuptaChairman Emeritus
Mr. Anthony De SaChairman & Ind.Dire (Non-Exe)
Mr. Deepak NandaManaging Director
Mr. Rajiv DewanInd. Non-Executive Director
Ms. Usha SangwanInd. Non-Executive Director
Prof. Rajeev AhujaInd. Non-Executive Director
Mr. Raj KamalInd. Non-Executive Director

FAQ

What is the intrinsic value of Trident Ltd and is it undervalued?

As of 05 April 2026, Trident Ltd's intrinsic value is ₹11.57, which is 51.59% lower than the current market price of ₹23.90, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.23 %), book value (₹9.06), dividend yield (2.09 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Trident Ltd?

Trident Ltd is trading at ₹23.90 as of 05 April 2026, with a FY2026-2027 high of ₹34.6 and low of ₹22.0. The stock is currently near its 52-week low. Market cap stands at ₹12,174 Cr..

How does Trident Ltd's P/E ratio compare to its industry?

Trident Ltd has a P/E ratio of 29.8, which is below the industry average of 474.26. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Trident Ltd financially healthy?

Key indicators for Trident Ltd: ROCE of 9.48 % is on the lower side compared to the industry average of 9.16%. Dividend yield is 2.09 %.

Is Trident Ltd profitable and how is the profit trend?

Trident Ltd reported a net profit of ₹371 Cr in Mar 2025 on revenue of ₹6,987 Cr. Compared to ₹834 Cr in Mar 2022, the net profit shows a declining trend.

Does Trident Ltd pay dividends?

Trident Ltd has a dividend yield of 2.09 % at the current price of ₹23.90. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Trident Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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