Trident Ltd Q3 FY22 Share Price & Earnings Call Analysis

Financials of Trident Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Trident Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,5731,4941,7981,8351,6821,7431,7131,6671,8641,7071,7871,5741,633
Expenses +1,3051,2621,5571,5721,4771,5171,4871,4531,6191,4151,5731,4391,405
Operating Profit269231240263205225226214245292214136227
OPM %17%15%13%14%12%13%13%13%13%17%12%9%14%
Other Income +7111514181511151920172321
Interest2232354049474635331252632
Depreciation80898990969292939093837270
Profit before tax173122130146781029910217218812462146
Tax %24%25%31%25%24%28%16%21%22%25%27%28%30%
Net Profit +1319190109597483801331409144102
EPS in Rs0.250.180.180.210.110.140.160.160.260.270.180.090.20

Financials of Trident Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +3,7373,6664,6254,5595,2494,7284,5316,9986,3326,8096,9876,701
Expenses +3,0752,9363,7403,7084,2663,8823,7055,4785,3865,8696,0765,832
Operating Profit6617308858529838468261,520947940911869
OPM %18%20%19%19%19%18%18%22%15%14%13%13%
Other Income +3433107634420-181625586082
Interest206145141118112111728680156130114
Depreciation321337412404364334337333313365366317
Profit before tax1682814393925504213981,116579477475520
Tax %30%14%23%32%32%19%24%25%24%27%22%27%
Net Profit +118242337266372340304834442350371377
EPS in Rs0.230.480.660.520.730.670.601.640.860.690.730.74
Dividend Payout %26%19%22%28%40%53%60%22%42%52%50%68%

Financials of Trident Ltd

Balance Sheet

Capital structure and asset base

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
Borrowings +2,5803,5032,8492,7982,4361,9911,5621,5971,4422,1261,6351,829
Other Liabilities +4725915786397477648811,0481,1941,122904937
Total Liabilities4,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,537
Fixed Assets +2,8644,6934,3453,9023,7173,6813,7913,7134,0944,6084,4554,342
CWIP222621231771321456483368885337
Investments3172105115198128120490258
Other Assets +1,3901,7021,6111,9692,1091,8221,9152,6912,3662,8192,6532,899
Total Assets4,5076,5296,1846,1636,1565,7765,7726,4896,8297,5637,1617,537

Financials of Trident Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5445329994766561,2145059031,426287945760
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 Flow362-5918522745511,053175551650-351718461
CFO/OP88%81%122%67%78%160%79%77%168%44%116%104%

Financials of Trident Ltd

Ratios

Working capital efficiency and return ratios

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%