Trident Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹18.27Overvalued by 21.92%vs CMP ₹23.40

P/E (30.2) × ROE (7.9%) × BV (₹9.36) × DY (2.14%)

₹11.57Overvalued by 50.56%vs CMP ₹23.40

MoS: -102.2% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹15.83	23%	Over (-32.4%)
Graham Number	Earnings	₹12.98	16%	Over (-44.5%)
Earnings Power	Earnings	₹2.62	11%	Over (-88.8%)
DCF	Cash Flow	₹4.33	14%	Over (-81.5%)
Net Asset Value	Assets	₹9.37	7%	Over (-60%)
EV/EBITDA	Enterprise	₹21.48	9%	Fair (-8.2%)
Earnings Yield	Earnings	₹8.00	7%	Over (-65.8%)
ROCE Capital	Returns	₹13.79	7%	Over (-41.1%)
Revenue Multiple	Revenue	₹13.72	5%	Over (-41.4%)
Consensus (9 models)		₹11.57	100%	Overvalued

Key Drivers: Wide model spread (₹3–₹21) — 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

Analysis summary

Data coverage: Price-data record updated 14 September 2026, 2:48 pm +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹6,987.00 Cr, versus ₹6,809.00 Cr in Mar 2024 (2.6% year on year). Net profit for Mar 2025 was ₹371.00 Cr, versus ₹350.00 Cr in Mar 2024 (6.0% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹945.00 Cr against net profit of ₹371.00 Cr. Cash flow covered 2.55 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹1,829.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Trident Ltd scores 63/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health73/100 · Strong

ROCE 9.8% AverageROE 7.9% AverageD/E 0.34 ModerateInterest Coverage 7.5x StrongProfitable 5/5 available years Reported history

Smart Money60/100 · Moderate

FII holding up 0.13% (6mo) Slight increasePromoter holding at 73.7% Stable

Earnings Quality65/100 · Strong

CFO/NP ratio: 2.29x Cash-backed earningsOPM 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 Rank45/100 · Moderate

P/E 30.2 vs industry 74.4 Lower P/EROCE 9.8% vs industry 20.4% Below peers3Y sales CAGR: 0% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 14, 2026, 2:48 pm

Market Cap	11,919 Cr.
Current Price	23.4
Intrinsic Value	₹11.57
High / Low	30.9/22.0
Stock P/E	30.2
Book Value	9.36
Dividend Yield	2.14 %
ROCE	9.79 %
ROE	7.91 %
Face Value	1.00
PEG Ratio	-2.26

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

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	11,919 Cr.	23.4	30.9/22.0	30.2	9.36	2.14 %	9.79 %	7.91 %	1.00
Indo Count Industries Ltd	8,524 Cr.	430	464/217	56.5	119	0.35 %	8.19 %	5.52 %	2.00
Vardhman Textiles Ltd (VTL)	16,396 Cr.	566	688/386	19.3	363	0.88 %	8.55 %	6.86 %	2.00
Nitin Spinners Ltd	3,262 Cr.	580	618/300	15.4	262	0.52 %	12.2 %	12.8 %	10.0
Pashupati Cotspin Ltd	1,274 Cr.	80.7	118/67.1	81.7	10.4	0.06 %	10.1 %	6.53 %	1.00
Industry Average	3,584.96 Cr	181.90		74.40	128.75	0.63%	20.36%	8.58%	6.80

All Competitor Stocks of Trident Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,641	1,573	1,494	1,798	1,835	1,682	1,743	1,713	1,667	1,864	1,707	1,787	1,574
Expenses	1,367	1,305	1,262	1,557	1,572	1,477	1,517	1,487	1,453	1,619	1,415	1,573	1,439
Operating Profit	274	269	231	240	263	205	225	226	214	245	292	214	136
OPM %	17%	17%	15%	13%	14%	12%	13%	13%	13%	13%	17%	12%	9%
Other Income	8	7	11	15	14	18	15	11	15	19	20	17	23
Interest	19	22	32	35	40	49	47	46	35	3	31	25	26
Depreciation	78	80	89	89	90	96	92	92	93	90	93	83	72
Profit before tax	186	173	122	130	146	78	102	99	102	172	188	124	62
Tax %	22%	24%	25%	31%	25%	24%	28%	16%	21%	22%	25%	27%	28%
Net Profit	144	131	91	90	109	59	74	83	80	133	140	91	44
EPS in Rs	0.28	0.25	0.18	0.18	0.21	0.11	0.14	0.16	0.16	0.26	0.27	0.18	0.09

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	3,841	3,737	3,666	4,625	4,559	5,249	4,728	4,531	6,998	6,332	6,809	6,987	6,933
Expenses	3,109	3,075	2,936	3,740	3,708	4,266	3,882	3,705	5,478	5,386	5,869	6,076	6,046
Operating Profit	732	661	730	885	852	983	846	826	1,520	947	940	911	887
OPM %	19%	18%	20%	19%	19%	19%	18%	18%	22%	15%	14%	13%	13%
Other Income	12	34	33	107	63	44	20	-18	16	25	58	60	80
Interest	210	206	145	141	118	112	111	72	86	80	156	130	84
Depreciation	268	321	337	412	404	364	334	337	333	313	365	366	337
Profit before tax	265	168	281	439	392	550	421	398	1,116	579	477	475	545
Tax %	26%	30%	14%	23%	32%	32%	19%	24%	25%	24%	27%	22%
Net Profit	194	118	242	337	266	372	340	304	834	442	350	371	409
EPS in Rs	0.62	0.23	0.48	0.66	0.52	0.73	0.67	0.60	1.64	0.86	0.69	0.73	0.80
Dividend Payout %	5%	26%	19%	22%	28%	40%	53%	60%	22%	42%	52%	50%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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: July 24, 2026, 6:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	509	509	498	498	498	498	510	510	510	510	510	510
Reserves	947	1,927	2,259	2,228	2,475	2,523	2,819	3,335	3,683	3,806	4,111	4,262
Borrowings	2,580	3,503	2,849	2,798	2,436	1,991	1,562	1,597	1,442	2,126	1,635	1,829
Other Liabilities	472	591	578	639	747	764	881	1,048	1,194	1,122	904	937
Total Liabilities	4,507	6,529	6,184	6,163	6,156	5,776	5,772	6,489	6,829	7,563	7,161	7,537
Fixed Assets	2,864	4,693	4,345	3,902	3,717	3,681	3,791	3,713	4,094	4,608	4,455	4,340
CWIP	222	62	123	177	132	145	64	83	368	88	53	39
Investments	31	72	105	115	198	128	1	2	0	49	0	258
Other Assets	1,390	1,702	1,611	1,969	2,109	1,822	1,915	2,691	2,366	2,819	2,653	2,899
Total Assets	4,507	6,529	6,184	6,163	6,156	5,776	5,772	6,489	6,829	7,563	7,161	7,537

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	544	532	999	476	656	1,214	505	903	1,426	287	945	760
Cash from Investing Activity +	-114	-1,199	-167	-188	-51	-43	-155	-343	-1,160	-728	-205	-676
Cash from Financing Activity +	-432	667	-808	-268	-643	-862	-570	-387	-410	340	-682	-137
Net Cash Flow	-2	1	23	20	-38	309	-220	172	-144	-100	57	-53
Free Cash Flow	362	-591	852	274	551	1,053	175	551	650	-351	719	461
CFO/OP	88%	81%	122%	67%	78%	160%	79%	77%	168%	44%	118%	104%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	362.00	-591.00	852.00	274.00	551.00	1,053.00	175.00	551.00	650.00	-351.00	719.00	461.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	25	20	25	30	37	46	21	36	27	16	22	16
Inventory Days	114	142	191	127	148	152	156	185	143	117	147	126
Days Payable	39	41	47	28	27	28	34	54	50	58	50	34
Cash Conversion Cycle	100	120	169	128	158	169	143	167	121	75	119	107
Working Capital Days	-30	-28	-15	-5	-4	9	-22	-10	13	12	25	30
ROCE %	17%	11%	9%	10%	9%	12%	10%	10%	23%	12%	10%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	73.19%	73.19%	73.19%	73.19%	73.19%	73.19%	73.68%	73.68%	73.68%	73.68%	73.68%	73.68%
FIIs	2.56%	2.55%	2.65%	2.63%	2.73%	2.83%	3.02%	2.98%	3.05%	3.16%	3.07%	3.18%
DIIs	0.05%	0.06%	0.05%	0.06%	0.07%	0.09%	0.10%	0.12%	0.15%	0.19%	0.22%	0.25%
Public	22.95%	22.96%	22.85%	22.87%	22.76%	22.82%	22.89%	23.21%	23.11%	22.96%	23.03%	22.89%
Others	1.25%	1.25%	1.25%	1.25%	1.25%	1.06%	0.31%	0.01%	0.01%	0.01%	0.01%	0.01%
No. of Shareholders	20,04,436	19,83,667	21,18,064	21,14,618	20,82,196	21,41,410	21,34,368	21,13,910	20,78,581	20,28,003	20,03,394	19,68,758

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Nifty Midcap 150 Index Fund	597,478	0.21	2.84	597,478	2025-04-22 17:25:17	0%
Nippon India ETF Nifty Midcap 150	532,906	0.21	2.54	532,906	2025-04-22 17:25:17	0%
Nippon India Nifty Midcap 150 Index Fund	501,481	0.21	2.39	501,481	2025-04-22 17:25:17	0%
Mirae Asset Nifty Midcap 150 ETF	282,123	0.21	1.34	282,123	2025-04-22 17:25:17	0%
ICICI Prudential Nifty Midcap 150 Index Fund	144,898	0.21	0.69	144,898	2025-04-22 17:25:17	0%
SBI Nifty Midcap 150 Index Fund	137,459	0.21	0.65	137,459	2025-04-22 17:25:17	0%
ICICI Prudential Nifty Midcap 150 ETF	130,358	0.22	0.62	130,358	2025-04-22 17:25:17	0%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund	73,057	0.21	0.35	73,057	2025-04-22 17:25:17	0%
Motilal Oswal Nifty 500 Index Fund	52,706	0.04	0.25	52,706	2025-04-22 17:25:17	0%
Navi Nifty Midcap 150 Index Fund	48,183	0.21	0.23	48,183	2025-04-22 17:25:17	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.73	0.69	0.88	1.67	0.61
Diluted EPS (Rs.)	0.73	0.69	0.88	1.67	67.20
Cash EPS (Rs.)	1.45	1.40	1.48	2.29	1.26
Book Value[Excl.RevalReserv]/Share (Rs.)	9.07	8.47	8.23	7.54	6.53
Book Value[Incl.RevalReserv]/Share (Rs.)	9.07	8.47	8.23	7.54	6.53
Revenue From Operations / Share (Rs.)	13.71	13.36	12.43	13.73	8.89
PBDIT / Share (Rs.)	1.91	1.96	1.91	3.01	1.65
PBIT / Share (Rs.)	1.19	1.24	1.29	2.36	0.98
PBT / Share (Rs.)	0.93	0.93	1.14	2.19	0.78
Net Profit / Share (Rs.)	0.72	0.68	0.86	1.63	0.59
NP After MI And SOA / Share (Rs.)	0.72	0.68	0.86	1.64	0.59
PBDIT Margin (%)	13.89	14.65	15.33	21.93	18.51
PBIT Margin (%)	8.65	9.29	10.39	17.17	11.07
PBT Margin (%)	6.79	7.00	9.13	15.94	8.78
Net Profit Margin (%)	5.30	5.14	6.96	11.90	6.70
NP After MI And SOA Margin (%)	5.29	5.13	6.96	11.91	6.71
Return on Networth / Equity (%)	8.00	8.09	10.51	21.68	9.14
Return on Capital Employeed (%)	10.23	10.80	12.27	26.79	12.77
Return On Assets (%)	5.16	4.62	6.45	12.84	5.27
Long Term Debt / Equity (X)	0.20	0.27	0.19	0.08	0.07
Total Debt / Equity (X)	0.34	0.47	0.32	0.40	0.44
Asset Turnover Ratio (%)	0.94	0.94	0.94	1.13	0.78
Current Ratio (X)	2.01	1.58	1.40	1.27	0.99
Quick Ratio (X)	1.01	0.76	0.65	0.61	0.43
Inventory Turnover Ratio (X)	5.30	5.50	2.88	2.91	2.08
Dividend Payout Ratio (NP) (%)	48.97	51.82	40.89	43.15	0.00
Dividend Payout Ratio (CP) (%)	24.61	25.35	23.91	30.84	0.00
Earning Retention Ratio (%)	51.03	48.18	59.11	56.85	0.00
Cash Earning Retention Ratio (%)	75.39	74.65	76.09	69.16	0.00
Interest Coverage Ratio (X)	7.46	6.38	12.20	17.80	11.63
Interest Coverage Ratio (Post Tax) (X)	3.85	3.24	6.54	10.66	5.65
Enterprise Value (Cr.)	13262.52	20152.65	15248.86	28363.40	8529.99
EV / Net Operating Revenue (X)	1.90	2.96	2.41	4.05	1.88
EV / EBITDA (X)	13.66	20.19	15.70	18.48	10.17
MarketCap / Net Operating Revenue (X)	1.77	2.73	2.25	3.87	1.58
Retention Ratios (%)	51.02	48.17	59.10	56.84	0.00
Price / BV (X)	2.68	4.31	3.40	7.04	2.15
Price / Net Operating Revenue (X)	1.77	2.73	2.25	3.87	1.58
EarningsYield	0.02	0.01	0.03	0.03	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

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

Trident Ltd: the stored intrinsic value estimate is ₹11.57, compared with a stored share price of ₹23.40. The model value is 50.6% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Trident Ltd?

The stored share price is ₹23.40. Price-data record updated: 14 September 2026, 2:48 pm +05:30. This is not a live quote. The stored 52-week high / low is 30.9/22.0; this is a rolling range, not a financial-year range.

How have Trident Ltd's revenue and profit changed?

Does Trident Ltd's profit convert into cash?

What should I check in Trident Ltd's balance sheet?

Reported borrowings were ₹1,829.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Trident Ltd's P/E with other stocks?

The stored P/E is 30.20. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Trident Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.