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Trident Ltd .
17th January 2019 www.hemsecurities.com

COMPANY OVERVIEW

CMP Rs 71.25
Trident Group is a diversified group of businesses headquartered in Ludhiana of
Market Cap(cr.) Rs 3623.22 Punjab State in India. Trident Limited is the flagship company of Trident Group, a
BSE CODE 521064 USD 1 billion Indian business conglomerate. The group operates in five business
segments: Yarn, Bed Linen, Paper, Chemicals and Captive Power. The company is
NSE CODE TRIDENT
one of the largest yarn spinners in India, one of the world's largest terry towel
P/E manufacturers and the world's largest wheat straw based paper manufacturer.
Face Value Rs 10
Highlights
Book Value Rs 57.08
52 wk low/high 51/89  The Company declared interim dividend of 6% (i.e. Rs 0.6 per equity
share of Face Value of Rs. 10 each) on 15-10-2018 and another interim
P/BV 1.24
dividend of 12% (i.e. Rs 1.2 per equity share of Face Value of Rs. 10
Promoters 70.77% each), the record date being 25th January 2019.
Holding

QUARTERLY REVIEW
 Revenue from operations has increased by 12.39% on a YoY basis for the period ended on 31st December
2018. However, sequentially there is a fall of 7.19% in the revenue from operations.

 The revenue from operations for the quarter ended Dec-18 stood at Rs 1291.39 cr which was 18.35% higher
than the revenue from operations for the quarter ended Dec-17, which stood at Rs 1094.10 cr.

 The company reported profit after tax of Rs. 112.13 cr for Q2 FY-19 as compared to Rs.73.02 cr for the same
period in the previous year which is a 53.56 % increase.

 The EPS for quarter ended Dec-2018 was Rs. 5.50 per share as compared to Rs. 5.18 per share for the same
period in previous year.

FINANCIAL REVIEW (Rs. in Crore)


Particulars Dec-2018 Sept-2018 QoQ % Dec-2017 YoY %
Net Sales 1291.40 1391.50 -7.19 1094.11 18.03
Total Expenditure 1048.74 1130.42 -7.23 894.08 17.30
PBIDT (Excl OI) 242.66 261.08 -7.06 200.03 21.31
PAT 112.13 109.14 2.73 73.02 53.56
PBIDTM% (Excl OI) 18.79 18.76 0.16 18.28 2.79
PBIDTM% 21.96 19.47 12.79 21.17 3.73
PATM% 8.68 7.84 10.71 6.67 30.13
Adj. EPS(Rs) 2.20 2.14 2.80 1.43 53.85

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