NSE: Trident Financials – 2023

What is the Main Business of Trident?

NSE: Trident Financials: Over the past five years, TRIDENT’s net profit has grown at a CAGR of 33.1%. The world’s largest agro-based manufacturer and also the most extensive story producer. Trident, earlier known as Abhishek Industries Limited, is the top company of the Trident Group. One of the world’s largest towel manufacturers, the world’s largest agro-based manufacturers.

Is Trident a Good Investment?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong, which suggests that Trident Ltd.’s price will likely rise somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Who Owns Trident funds?

An Employee Ownership Trust owns Trident Trust to preserve our independence. We offer our clients an ongoing, maintainable, private partnership that will not bargain by battles of interest or changes in ownership.

Trident’s Price Target

J.M. Financial has a buy call on Trident with a target price of Rs 40. The current market price of Trident is Rs 33.45. The period given by the analyst is 12 months when Trident’s price can reach the defined target.

1. An Income Statement

The income statement indicates company’s financial performance measured over reporting period. Performance is measured by summarizing. After that, the business experiences revenues, expenses, and net profit or loss incurred over the period. So, it’s also called the P&L statement

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2. A Cash-Flow Statement

The company’s cash-flow statement is a report of the company’s cash management, which summarizes all cash inflows that the company receives from its operation and investment sources, as well as cash outflows complicated in the functioning of the business and investments.

3. A Balance Sheet

A balance sheet outlines a company’s assets, liabilities, and shareholder’s equity at a given time. It’s a photo of what a company owns and is in debt and the amount invested by shareholders. The balancing principle is Assets = Liabilities + Shareholders’ equity.

How Financially Strong Is Trident Limited (NSE: TRIDENT)

Investors are constantly looking for growth in small-cap stocks like Trident Limited (NSE: TRIDENT), with a market cap of ₹36b. Though, an essential fact that most overlook is: how financially healthy is the business? Evaluating first and leading financial health is dynamic, as mishandling of capital can lead to economic failure, which arises at a higher rate for small-caps. Here are a few basic checks that are good enough to have a broad overview of the company financial strength. Nevertheless, since I only look at basic financial figures, I’d encourage you to diggings deeper into TRIDENT here.

Financial Shareholders Meetings – NSE: Trident Financials

Meeting Date    Purpose

11 Mar 2023      Postal Ballot

31 Jan 2023        Postal Ballot

16 Jan 2023        Postal Ballot

07 Nov 2022      Postal Ballot

23 Jul 2022         A.G.M.

19 Apr 2022       Postal Ballot

27 Aug 2021       A.G.M.

01 Oct 2020       Postal Ballot

09 Jul 2020         A.G.M.

30 Sep 2019       A.G.M.

14 Sep 2018       A.G.M.

23 Sep 2017       A.G.M.

09 Sep 2016       A.G.M.

12 Sep 2015       A.G.M.

24 Sep 2014       A.G.M.

12 Sep 2014       Postal Ballot

27 Jan 2014        Postal Ballot

25 Jan 2014        Court Convened Meeting

21 Sep 2013       A.G.M.

18 Dec 2012       Postal Ballot

24 Sep 2012       A.G.M.

12 Jun 2012       Postal Ballot

30 Sep 2011       A.G.M.

18 Mar 2006      E.G.M.

Annual Reports

Year  Status    Filing Date Time Revised  Filing DateTimeRevision Reason Download

2022      New      28-06-2022 12:00:00 AM             –                              –

2021      New      30-07-2021 12:00:00 AM             –                               –

2020      New      17-06-2020 12:00:00 AM             –                               –

2019      New      31-08-2019 12:00:00 AM             –                                –

2018      New      14-09-2018 12:00:00 AM             –                                 –

2017      New      23-09-2017 12:00:00 AM             –                                 –

2016      New      10-09-2016 12:00:00 AM             –                                  –

2015      New      18-08-2015 12:00:00 AM             –                                   –

2014      New      30-08-2014 12:00:00 AM             –                                   –

2013      New      27-08-2013 12:00:00 AM             –                                    –

2012      New      31-08-2012 12:00:00 AM             –                                    –

2011      New      02-09-2011 12:00:00 AM             –                                     –

2010      New      01-01-1900 12:00:00 AM             –                                      –

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Is TRIDENT’s debt level acceptable? TRIDENT is a relatively high open company with a debt-to-equity of 95%. So, this is not unusual for small-caps as debt is a cheaper and faster funding source for some businesses.

How Does TRIDENT’s Operating Cash Flow Stack Up Against its Debt?

On the highest of this, TRIDENT has create ₹4.8b in operating cash flow in the last twelve month, resulting in an operating cash to total debt ratio of 17%, meaning that TRIDENT’s debt is not cover adequately by operating cash. This ratio can also take as a measure of efficiency as an alternative to returning on assets. In this case, it can generate 0.17x cash from its debt capital.

TRIDENT has continued its debt nearby about ₹28b over the last 12 month, which accounts for long-term debt. At this current level of debt, the current cash and short-term investment levels stand at ₹647m for investing in the business.

Trident Debt Free

Is TRIDENT’s debt level acceptable? TRIDENT is a relatively highly levered company with a debt-to-equity of 95%. Also, this is not unusual for small caps as debt tends to be cheaper and faster funding source for some businesses.

Can TRIDENT Meet its Short-term Obligations with the Cash in Hand?

It seems that the business meet these commitment with a current assets level of ₹18b, also with current liabilities at ₹17b, leading to a 1.08x current account ratio. Usually, for Luxury companies, this is suitable ratio since there’s an adequate cash cushion without leaving capital idle or in low-earning investment.

Future Outlook: Look at our free research report on analyst consent for TRIDENT’s outlook. So, what are up-to-date industry analysts predicting for TRIDENT’s future growth?

Valuation: What is TRIDENT worth today? Is the stock unrecognize, even when it growth outlook is factor into its basic value? The basic value infographic in our free research report helps imagine whether TRIDENT is at present mispriced by the market.

Other High-Performing Stocks: Explore our free list of these great stocks here. Are there other stocks that provide better forecasts with proven track records.