MarketFriction

Trident Ltd

NSE TRIDENT · BSE 521064 · Other Textile Products
₹22.16 -1.25%
NSE close2026-10-01
52 week range21.98 - 30.94
Market cap₹11,461 Cr.
P/E29.0
Nifty 500Smallcap 250 Price band 20% Delivery 49.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,7981,8351,6821,7431,7131,6671,8641,7071,7871,5741,6331,787
Expenses1,5571,5721,4771,5171,4871,4531,6191,4151,5731,4391,4051,487
Operating Profit240263205225226214245292214136227300
OPM %13%14%12%13%13%13%13%17%12%9%14%17%
Other Income151418151115192017232117
Interest35404947463533125263230
Depreciation899096929293909383727070
Profit before tax130146781029910217218812462146216
Tax %31%25%24%28%16%21%22%25%27%28%30%27%
Net Profit90109597483801331409144102158
EPS in Rs0.180.210.110.140.160.160.260.270.180.090.200.31
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,6664,6254,5595,2494,7284,5316,9986,3326,8096,9876,7016,781
Expenses2,9363,7403,7084,2663,8823,7055,4785,3865,8696,0915,8325,904
Operating Profit7308858529838468261,520947940896869877
OPM %20%19%19%19%18%18%22%15%14%13%13%13%
Other Income33107634420-18162558758279
Interest145141118112111728680156130114113
Depreciation337412404364334337333313365366317295
Profit before tax2814393925504213981,116579477475520548
Tax %14%23%32%32%19%24%25%24%27%22%27%
Net Profit242337266372340304834442350371377395
EPS in Rs0.480.660.520.730.670.601.640.860.690.730.740.78
Dividend Payout %19%22%28%40%53%60%22%42%52%50%68%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%8%2%-2%
Compounded Profit Growth4%3%-6%-9%
Stock Price CAGR16%-5%-16%-20%
Return on Equity11%11%8%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital509509498498498498510510510510510510
Reserves9471,9272,2592,2282,4752,5232,8193,3353,6833,8064,1114,262
Borrowings2,5803,5032,8492,7982,4361,9911,5621,5971,4422,1261,6351,829
Other Liabilities4725915786397477648811,0481,1941,122904937
Total Liabilities4,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,537
Fixed Assets2,8644,6934,3453,9023,7173,6813,7913,7134,0944,6084,4554,340
CWIP222621231771321456483368885339
Investments3172105115198128120490258
Other Assets1,3901,7021,6111,9692,1091,8221,9152,6912,3662,8192,6532,899
Total Assets4,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,537
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5445329994766561,2145059031,426287945760
Cash from Investing Activity-114-1,199-167-188-51-43-155-343-1,160-728-205-676
Cash from Financing Activity-432667-808-268-643-862-570-387-410340-682-137
Net Cash Flow-212320-38309-220172-144-10057-53
Free Cash Flow362-5918522745511,053175551650-351719461
CFO/OP88%81%122%67%78%160%79%77%168%44%118%104%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days202530374621362716221613
Inventory Days142191127148152156185143117147126128
Days Payable414728272834545058503439
Cash Conversion Cycle12016912815816914316712175119107103
Working Capital Days-28-15-5-49-22-101312253016
ROCE %11%9%10%9%12%10%10%23%12%10%9%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters73.19%73.19%73.19%73.19%73.19%73.19%73.68%73.68%73.68%73.68%73.68%73.68%
FIIs2.56%2.55%2.65%2.63%2.73%2.83%3.02%2.98%3.05%3.16%3.07%3.18%
DIIs0.05%0.06%0.05%0.06%0.07%0.09%0.10%0.12%0.15%0.19%0.22%0.25%
Public22.95%22.96%22.85%22.87%22.76%22.82%22.89%23.21%23.11%22.96%23.03%22.89%
Others1.25%1.25%1.25%1.25%1.25%1.06%0.31%0.01%0.01%0.01%0.01%0.01%
No. of Shareholders20,04,43619,83,66721,18,06421,14,61820,82,19621,41,41021,34,36821,13,91020,78,58120,28,00320,03,39419,68,758

Fundamentals

Market Cap₹ 11,461 Cr.
Current Price₹ 22.5
Stock P/E29.0
Book Value₹ 9.36
ROCE9.79 %
ROE7.91 %
Dividend Yield2.22 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-9%
Consolidated figures.
Valuation
Market capRs 11,293 Cr
Enterprise valueRs 12,489 Cr
P/E (TTM)28.57x
Price to book2.37x
Price to sales1.67x
EV / EBITDA13.07x
EV / EBIT18.89x
EV / sales1.84x
Price to cash flow14.86x
Earnings yield3.50%
Dividend yield2.26%
P/E, 3-year average39.05x
P/B, 3-year average3.13x
P/E, 5-year average36.41x
P/B, 5-year average3.97x
Profitability
Operating margin (excl. other income)12.97%
Operating margin (incl. other income)14.19%
EBITDA margin14.09%
Pre-tax margin8.09%
Net profit margin5.83%
Net margin, latest quarter8.85%
ROE8.03%
ROCE9.86%
ROA5.13%
ROE, 3-year average8.17%
ROCE, 3-year average9.96%
ROA, 3-year average5.00%
ROE, 5-year average11.75%
ROCE, 5-year average13.01%
ROA, 5-year average7.05%
ROIC (approx.)8.04%
Tax rate27.47%
Other income / net worth1.72%
Growth
Sales growth (latest year)-4.09%
Profit growth (latest year)1.95%
Sales CAGR, 3 years1.90%
Sales CAGR, 5 years8.14%
Profit CAGR, 3 years-5.06%
Profit CAGR, 5 years4.38%
Sales growth QoQ9.45%
Profit growth QoQ55.02%
Sales growth YoY (latest quarter)4.68%
Profit growth YoY (latest quarter)12.95%
Per share
EPS (TTM)Rs 0.78
EPS (latest year)Rs 0.74
EPS (latest quarter)Rs 0.31
EPS, 3-year averageRs 0.72
EPS, 5-year averageRs 0.93
Book value per shareRs 9.36
Sales per shareRs 13.31
Cash flow per shareRs 1.49
Free cash flow per shareRs 0.90
Dividend per share (latest year)Rs 0.50
Dividend per share, 3-year averageRs 0.41
Dividend per share, 5-year averageRs 0.39
Dividends
Dividend payout67.57%
Dividend payout, 3-year average56.55%
Dividend payout, 5-year average46.66%
Efficiency
Asset turnover0.89x
Fixed asset turnover1.54x
Inventory turnover3.68x
Inventory days99 days
Debtor days13 days
Debtors turnover27.14x
Creditor days39 days
Cash conversion cycle103 days
Working capital days16 days
Leverage
Total debtRs 1,829 Cr
Cash and bankRs 633 Cr
Net debtRs 1,196 Cr
Debt to equity0.38x
Net debt / EBITDA1.25x
Interest coverage5.87x
Current ratio (filing 2026-03-31)1.57x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 365 Cr
Owners' fund to total sources63.31%
Debt to assets24.26%
Cash flow
Cash from Operating Activity (latest year)Rs 760 Cr
Cash from Investing Activity (latest year)Rs -676 Cr
Cash from Financing Activity (latest year)Rs -137 Cr
Net Cash Flow (latest year)Rs -53 Cr
Free cash flow (latest year)Rs 461 Cr
FCFE (approx.: FCF + change in debt)Rs 654 Cr
Cash from ops / profit, 5 years1.82x
Sales to cash flow8.82x
Statement figures
Net sales (TTM)Rs 6,781 Cr
Net sales (latest year)Rs 6,701 Cr
Sales (latest quarter)Rs 1,787 Cr
Operating profit excl. other income (latest year)Rs 869 Cr
Operating profit (latest quarter)Rs 300 Cr
Other income (TTM)Rs 79 Cr
EBITDA (TTM)Rs 956 Cr
PBDT (TTM)Rs 843 Cr
Profit before tax (TTM)Rs 548 Cr
Tax (latest year)Rs 143 Cr
Net profit (TTM)Rs 395 Cr
Net profit (latest year)Rs 377 Cr
Net profit (latest quarter)Rs 158 Cr
Depreciation (TTM)Rs 295 Cr
Depreciation (latest quarter)Rs 70 Cr
Interest (TTM)Rs 113 Cr
Cost of goods sold (latest year)Rs 4,432 Cr
Total expenditure (latest year)Rs 5,832 Cr
Total income (latest year)Rs 6,783 Cr
Share capitalRs 510 Cr
ReservesRs 4,262 Cr
Shareholders' fundsRs 4,771 Cr
Total assetsRs 7,537 Cr
Net blockRs 4,340 Cr
Capital work in progressRs 39 Cr
InvestmentsRs 258 Cr
ReceivablesRs 247 Cr
InventoryRs 1,205 Cr
Other liabilitiesRs 937 Cr
Shares outstanding (crore)509.60
Ownership
Promoter holding73.68% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 28.6 is at the 55th percentile of its own 9.4-year range (median 22.4, low 5.8, high 102.0).
P/B 2.37 is at the 40th percentile (median 2.82).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTRIDENTNifty 50Difference
1 week-4.3%-2.8% -1.5 pts
1 month-8.2%-6.8% -1.4 pts
3 months-17.1%-7.6% -9.5 pts
6 months-1.6%+0.4% -2.0 pts
1 year-23.8%-9.9% -13.9 pts
2 years-39.1%-13.6% -25.5 pts
3 years-41.1%+14.2% -55.3 pts
5 years-24.6%+27.9% -52.5 pts
33 mutual fund schemes hold about ₹17 Cr. Over three months 32 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Nifty Smallcap 250 Index Fund0.14%5 +8%
SBI Nifty Smallcap 250 Index Fund0.14%2 +7%
Motilal Oswal Nifty Smallcap 250 Index Fund0.14%2 +7%
HDFC BSE India Sector Leaders Index Fund0.96%2 +10%
ICICI Pru Nifty Smallcap 250 Index Fund0.14%1 +8%
HDFC NIFTY Smallcap 250 Index Fund0.14%1 +8%
Nippon India Nifty 500 Equal Weight Index Fund0.19%1 +17%
JioBlackRock Nifty Smallcap 250 Index Fund0.14%1 +8%
Motilal Oswal Nifty 500 Index Fund0.01%0 +6%
Edelweiss Nifty Smallcap 250 Index Fund0.14%0 +8%
Axis BSE India Sector Leaders Index Fund0.97%0 +10%
Bandhan BSE India Sector Leaders Index Fund0.97%0 +10%
Groww Nifty Smallcap 250 Index Fund0.14%0 +7%
HDFC Nifty500 Multicap 50:25:25 Index Fund0.04%0 +8%
Bandhan Nifty Smallcap 250 Index Fund0.14%0 +8%
Kotak Nifty Smallcap 250 Index Fund0.14%0 +7%
SBI Nifty 500 Index Fund0.01%0 +6%
Tata BSE Multicap Consumption 50:30:20 Index Fund0.22%0 +7%
Groww Nifty Total Market Index Fund0.01%0 +6%
Axis Nifty 500 Index Fund0.01%0 +6%
HDFC BSE 500 Index Fund0.01%0 +6%
UTI Nifty500 Shariah Index Fund0.05%0 +2%
ICICI Pru Nifty 500 Index Fund0.01%0 +13%
UTI Nifty 500 Index Fund0.01%0 +100%
DSP Nifty Smallcap 250 Index Fund0.14%0 +7%

Red flags

F-score 5 of 8
lookAuditor change Auditor change 2026-05-19: Trident Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,787 Cr +4.7% vs Jun 2025. Net profit ₹158 Cr +12.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-05-22Interim Dividend - Rs 0.50 Per Share
2025-05-27Interim Dividend - Re 0.50 Per Share
2024-05-28Interim Dividend - Re 0.36 Per Share
2023-06-01Interim Dividend - Re 0.36 Per Share
2022-08-18Interim Dividend - Re 0.36 Per Share
2021-10-28 Interim Dividend - Rs 0.36 Per Share
2021-05-25 Annual General Meeting/Dividend - Re 0.36 Per Share
2020-06-30 Annual General Meeting
2020-02-27 Interim Dividend - Re 0.18 Per Share
2019-12-13 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 1/- Per Share0.1000
2019-11-07 Interim Dividend - Rs 0.90 Per Share
2019-08-08 Interim Dividend - Re 0.90 Per Share
2019-05-29 Annual General Meeting/ Dividend - Re 0.60 Per Share
2019-01-24 Interim Dividend - Rs 1.20 Per Share
2018-10-23 Interim Dividend - Re 0.60 Per Share
2018-08-14 Interim Dividend- Re 0.60 Per Share (Purpose Revised)
2018-05-24 Annual General Meeting / Dividend- Re 0.30 Per Share
2018-02-05 Interim Dividend Re 0.60 Per Share (Purpose Revised)
2017-08-23 Dividend - Re 0.60 Per Share
2017-05-25 Annual General Meeting/Dividend-Re 0.30 Per Share
2017-01-25 Interim Dividend Re 0.60/- Per Share (Purpose Revised)
2016-08-18 Interim Dividend - Re 0.60/- Per Share
2016-05-26 Annual General Meeting/ Dividend - Re 0.30/- Per Share
2015-11-02 Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2015-07-30Annual General Meeting/Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2015-02-18Second Interim Dividend - Re 0.30/- Per Share (Purpose Revised)
2014-09-19Annual General Meeting / Dividend - Re 0.30/- Per Share (Bc Start Date Revised)
2014-08-13Interim Dividend - Re 0.30/- Per Share
2014-07-03E-Voting
2013-09-12Annual General Meeting
2012-09-13Annual General Meeting
2011-09-22Annual General Meeting And Dividend Rs.1.20 Per Share
2010-09-16Annual General Meeting
2009-08-18Annual General Meeting
2008-09-16Annual General Meeting
2007-09-19Agm
2006-09-14Agm/Dividend-10%
DateTypeWhat it says
2026-09-28ResignationResignation of Director/KMP/SMP
2026-09-28Change in ManagementChange in Management
2026-09-28ResignationResignation of Mr Samir Prabodhchandra Joshipura as Chief Executive Officer of the company w.e.f. September 30, 2026.
2026-09-28General UpdatesDispatch of Intimation Letter to holders of physical securities for furnishing of KYC details
2026-09-08Credit RatingCredit Rating
2026-08-27UpdatesAuthorization to Key Managerial Person(s) for determining the materiality of any events and disclosure to stock exchanges.
2026-08-27AppointmentAppointment of Mr Amit Gupta as Chief Financial Officer of the company w.e.f. August 27, 2026.
2026-08-27Board meeting outcomeOutcome of Board Meeting held on August 27, 2026.
2026-08-25Credit RatingCredit Rating
2026-08-18General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Ratings
2026-08-18General UpdatesIntimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Ratings
2026-08-17AcquisitionUpdate on Incorporation
2026-08-11Credit RatingCredit Rating
2026-07-31Shareholder meetingVoting results.
2026-07-31Shareholder meetingProceedings of Annual General Meeting held on July 31, 2026
2026-07-25Investor PresentationInvestor Presentation
2026-07-23Change in ManagementChange in Management - Mr.Pardeep Kumar Markanday has been designated as Chief Executive Officer Yarn (Punjab and Madhya Pradesh)
2026-07-22Press ReleaseA press release dated July 22, 2026, titled "Trident Limited announces Q1FY27 Results ".
2026-07-21AcquisitionIncorporation
2026-07-21Board meeting outcomeOutcome of Board Meeting held on July 21, 2026.
2026-07-21Board meeting outcomeTrident Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-09UpdatesLetter to Members.
2026-07-09UpdatesBusiness Responsibility and Sustainabily Report for FY 2025-26.
2026-07-09Shareholder meetingNotice of Annual General Meeting to be held on July 31, 2026
2026-07-06ESOP grantOptions to purchase securities
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-02NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
2021-06-11NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
2021-04-30NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
2021-04-23NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
2021-04-01NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
2021-03-26NCLTTrident Chemphar Ltd Vs Alekhya Drugs Pvt Ltd Vs
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Trident Ltd?

Trident Ltd (TRIDENT) has a market capitalisation of Rs 11,461 Cr. at the 2026-10-01 close.

What is the P/E ratio of Trident Ltd?

Trident Ltd trades at a P/E of 29.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Trident Ltd's latest quarterly results?

In the Jun 2026 quarter, Trident Ltd sales was Rs 1,787 Cr (+4.7% vs Jun 2025) and net profit was Rs 158 Cr.

What is the 52-week high and low of Trident Ltd?

The 52-week high is Rs 30.94 and the 52-week low is Rs 21.98.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03