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Not investment advice. Data and computed figures, for information only.

Trident Ltd

NSE: TRIDENT
₹22.09
−₹0.23 (−1.03%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹11,191 Cr
CMP
₹22.09
52-wk High / Low
₹31 / 22
P/E
28.3
P/B
2.4
Book Value
₹9.4
Div Yield
2.28%
ROCE
10.0%
ROE
7.9%
Face Value
₹1
D/E
0.38

Price−22.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹12
√(22.5 × EPS × book value per share)
ROIC
6.1%
vs 4.9% sector median
Cash flow to profit
2.02
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−32
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
2.8%
ROE × earnings retention ratio
ROE stability
5.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.11DII +0.03
Latest quarter vs the previous one
Cash-accrual divergence
−5.2%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 47.8% since FY2016 (3503 to 1829)
+Promoter holding rose by 0.5pp over the last year
+FII holding rose by 0.8pp over the last year
+PE of 28.3x is below the sector median of 39.5x
Watch-outs
−Price trades below its 200-day moving average (0.9x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4941,7981,8351,6821,7431,7131,6671,8641,7071,7871,5741,6331,787
Expenses1,2621,5571,5721,4771,5171,4871,4531,6191,4151,5731,4391,4051,487
Operating Profit231240263205225226214245292214136227300
OPM %15.5%13.3%14.3%12.2%12.9%13.2%12.8%13.1%17.1%12.0%8.6%13.9%16.8%
Other Income11151418151115192017232117
Interest3235404947463533125263230
Depreciation89899096929293909383727070
Profit before tax122130146781029910217218812462146216
Net Profit9190109597483801331409144102158
EPS (₹)0.180.180.210.110.140.160.160.260.270.180.090.200.31

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,7373,6664,6254,5595,2494,7284,5316,9986,3326,8096,9876,7016,781
Expenses3,0752,9363,7403,7084,2663,8823,7055,4785,3865,8696,0915,8325,904
Operating Profit6617308858529838468261,520947940896869877
OPM %17.7%19.9%19.1%18.7%18.7%17.9%18.2%21.7%15.0%13.8%12.8%13.0%12.9%
Other Income3433107634420−18162558758279
Interest206145141118112111728680156130114113
Depreciation321337412404364334337333313365366317295
Profit before tax1682814393925504213981,116579477475520548
Net Profit118242337266372340304834442350371377395
EPS (₹)0.230.480.660.520.730.670.601.640.860.690.730.740.78

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7475445329994766561,2145059031,426287945760
Cash from Investing Activity−173−114−1,199−167−188−51−43−155−343−1,160−728−205−676
Cash from Financing Activity−574−432667−808−268−643−862−570−387−410340−682−137
Net Cash Flow0−212320−38309−220172−144−10057−53

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %17.011.09.010.09.012.010.010.023.012.010.09.010.0
ROE %————————————7.9
EPS (₹)0.620.230.480.660.520.730.670.601.640.860.690.730.74
Book Value (₹)————————————9.4
Face Value (₹)————————————1
P/E————————————28.3
Div Yield %————————————2.28
NPM %5.13.16.57.15.87.07.26.711.97.05.15.35.6
OPM %19.018.020.019.019.019.018.018.022.015.014.013.013.0
D/E2.011.771.441.031.030.820.660.470.420.340.490.350.38
P/B————————————2.4

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+6.0%
5 years+8.0%
3 years+2.0%
TTM−2.0%
Compounded profit growth
10 years+4.0%
5 years+3.0%
3 years−6.0%
TTM−9.0%
Stock price CAGR
10 years+15.0%
5 years−10.0%
3 years−16.0%
Last year−23.0%
Return on equity
10 years11.0%
5 years11.0%
3 years8.0%
Last year8.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.77%67.77%67.77%70.77%71.06%73.02%72.94%73.19%73.19%73.68%73.68%73.68%
FIIs0.00%0.00%1.31%1.80%2.05%1.68%3.13%2.43%2.65%3.02%3.07%3.18%
DIIs3.70%3.70%2.31%0.24%0.05%0.02%0.01%0.04%0.05%0.10%0.22%0.25%
Government0.00%0.00%0.00%0.92%0.92%0.92%0.00%0.00%0.00%0.00%0.00%0.00%
Public28.53%28.53%28.61%26.26%25.91%22.40%22.13%23.09%22.85%22.89%23.03%22.89%
No. of shareholders78,17678,1761,08,9391,06,4871,51,3425,45,84717,35,24119,15,80921,18,06421,34,36820,03,39419,68,758
Change since Jun 2023 (pp)
Promoters +5.91FIIs +3.18DIIs −3.45Public −5.64

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Resignation of Chief Executive Officer (CEO)Announcement under Regulation 30 (LODR)-Change in ManagementIntimation Letter To Holders Of Physical Securities For Furnishing Of KYC Details
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026PPTMay 2026PPTFeb 2026PPTNov 2025PPTJul 2025PPT

Corporate actions

As of 22 May 2026
22 May 2026DIVIDENDInterim Dividend - Rs 0.50 Per Share—
27 May 2025DIVIDENDInterim Dividend - Re 0.50 Per Share—
28 May 2024DIVIDENDInterim Dividend - Re 0.36 Per Share—
1 Jun 2023DIVIDENDInterim Dividend - Re 0.36 Per Share—
18 Aug 2022DIVIDENDInterim Dividend - Re 0.36 Per Share—
28 Oct 2021DIVIDEND Interim Dividend - Rs 0.36 Per Share—
25 May 2021DIVIDEND Annual General Meeting/Dividend - Re 0.36 Per Share—
27 Feb 2020DIVIDEND Interim Dividend - Re 0.18 Per Share—
13 Dec 2019SPLIT Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 1/- Per Share10 : 1
7 Nov 2019DIVIDEND Interim Dividend - Rs 0.90 Per Share—
8 Aug 2019DIVIDEND Interim Dividend - Re 0.90 Per Share—
29 May 2019DIVIDEND Annual General Meeting/ Dividend - Re 0.60 Per Share—
24 Jan 2019DIVIDEND Interim Dividend - Rs 1.20 Per Share—
23 Oct 2018DIVIDEND Interim Dividend - Re 0.60 Per Share—
14 Aug 2018DIVIDEND Interim Dividend- Re 0.60 Per Share (Purpose Revised)—
24 May 2018DIVIDEND Annual General Meeting / Dividend- Re 0.30 Per Share—
5 Feb 2018DIVIDEND Interim Dividend Re 0.60 Per Share (Purpose Revised)—
23 Aug 2017DIVIDEND Dividend - Re 0.60 Per Share—
25 May 2017DIVIDEND Annual General Meeting/Dividend-Re 0.30 Per Share—
25 Jan 2017DIVIDEND Interim Dividend Re 0.60/- Per Share (Purpose Revised)—
18 Aug 2016DIVIDEND Interim Dividend - Re 0.60/- Per Share—
26 May 2016DIVIDEND Annual General Meeting/ Dividend - Re 0.30/- Per Share—
2 Nov 2015DIVIDEND Interim Dividend - Re 0.30/- Per Share (Purpose Revised)—
30 Jul 2015DIVIDENDAnnual General Meeting/Interim Dividend - Re 0.30/- Per Share (Purpose Revised)—
18 Feb 2015DIVIDENDSecond Interim Dividend - Re 0.30/- Per Share (Purpose Revised)—
19 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.30/- Per Share (Bc Start Date Revised)—
13 Aug 2014DIVIDENDInterim Dividend - Re 0.30/- Per Share—
22 Sep 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman