TRIDENT Ltd (TRIDENT) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.51%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 3.2%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 7.9%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹22.63

200-Day DMA ● Overlay

₹20.99

14-Day RSI ● Overlay

50.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹11,293 Cr

Small cap

Stock P/E (TTM) Valuation

28.6x

Price / EPS

Book Value (₹) Assets

₹9.4

P/B: 2.4x

ROE (%) Quality

7.9%

Net Profit / Equity

ROCE (%) Efficiency

9.8%

EBIT / Capital

Dividend Yield Yield

2.26%

Face Value: ₹10

Debt / Equity Solvency

0.38x

Manageable

EPS (TTM) Per Share

₹0.78

Trailing 12M

OPM (%) Spread

13.0%

EBITDA Margin

Free Cash Flow Cash

₹461.00 Cr

CFO - Capex

About TRIDENT Ltd

TRIDENT Ltd (TRIDENT) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 9.4% × Turnover: 0.85x × Leverage: 1.38x = ROE: 7.91%

✓ Company Strengths (Pros)

• Maintains a generous dividend yield payout of 2.26%.
• TickerPulse fundamental algorithm rates overall quality at 80/100.

⚠ Key Considerations & Risks (Cons)

• Company has generated a modest return on equity (ROE of 7.9%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹6,781 Cr

Latest PAT

₹395.00 Cr

EPS (TTM)

₹0.78

OPM %

13.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹1,494 Cr	₹1,798 Cr	₹1,835 Cr	₹1,682 Cr	₹1,743 Cr	₹1,713 Cr	₹1,667 Cr	₹1,864 Cr	₹1,707 Cr	₹1,787 Cr	₹1,574 Cr	₹1,633 Cr	₹1,787 Cr
Operating Profit (EBITDA)	₹231.00 Cr	₹240.00 Cr	₹263.00 Cr	₹205.00 Cr	₹225.00 Cr	₹226.00 Cr	₹214.00 Cr	₹245.00 Cr	₹292.00 Cr	₹214.00 Cr	₹136.00 Cr	₹227.00 Cr	₹300.00 Cr
OPM %	15.0%	13.0%	14.0%	12.0%	13.0%	13.0%	13.0%	13.0%	17.0%	12.0%	9.0%	14.0%	17.0%
Interest Expense	₹32.00 Cr	₹35.00 Cr	₹40.00 Cr	₹49.00 Cr	₹47.00 Cr	₹46.00 Cr	₹35.00 Cr	₹3.00 Cr	₹31.00 Cr	₹25.00 Cr	₹26.00 Cr	₹32.00 Cr	₹30.00 Cr
Depreciation	₹89.00 Cr	₹89.00 Cr	₹90.00 Cr	₹96.00 Cr	₹92.00 Cr	₹92.00 Cr	₹93.00 Cr	₹90.00 Cr	₹93.00 Cr	₹83.00 Cr	₹72.00 Cr	₹70.00 Cr	₹70.00 Cr
Profit before Tax (PBT)	₹122.00 Cr	₹130.00 Cr	₹146.00 Cr	₹78.00 Cr	₹102.00 Cr	₹99.00 Cr	₹102.00 Cr	₹172.00 Cr	₹188.00 Cr	₹124.00 Cr	₹62.00 Cr	₹146.00 Cr	₹216.00 Cr
Net Profit (PAT)	₹91.00 Cr	₹90.00 Cr	₹109.00 Cr	₹59.00 Cr	₹74.00 Cr	₹83.00 Cr	₹80.00 Cr	₹133.00 Cr	₹140.00 Cr	₹91.00 Cr	₹44.00 Cr	₹102.00 Cr	₹158.00 Cr
EPS in ₹	₹0.18	₹0.18	₹0.21	₹0.11	₹0.14	₹0.16	₹0.16	₹0.26	₹0.27	₹0.18	₹0.09	₹0.20	₹0.31

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹3,737 Cr	₹3,666 Cr	₹4,625 Cr	₹4,559 Cr	₹5,249 Cr	₹4,728 Cr	₹4,531 Cr	₹6,998 Cr	₹6,332 Cr	₹6,809 Cr	₹6,987 Cr	₹6,701 Cr	₹6,781 Cr
Expenses	₹3,075 Cr	₹2,936 Cr	₹3,740 Cr	₹3,708 Cr	₹4,266 Cr	₹3,882 Cr	₹3,705 Cr	₹5,478 Cr	₹5,386 Cr	₹5,869 Cr	₹6,091 Cr	₹5,832 Cr	₹5,904 Cr
Operating Profit	₹661.00 Cr	₹730.00 Cr	₹885.00 Cr	₹852.00 Cr	₹983.00 Cr	₹846.00 Cr	₹826.00 Cr	₹1,520 Cr	₹947.00 Cr	₹940.00 Cr	₹896.00 Cr	₹869.00 Cr	₹877.00 Cr
OPM %	18%	20%	19%	19%	19%	18%	18%	22%	15%	14%	13%	13%	13%
Interest	₹206.00 Cr	₹145.00 Cr	₹141.00 Cr	₹118.00 Cr	₹112.00 Cr	₹111.00 Cr	₹72.00 Cr	₹86.00 Cr	₹80.00 Cr	₹156.00 Cr	₹130.00 Cr	₹114.00 Cr	₹113.00 Cr
Depreciation	₹321.00 Cr	₹337.00 Cr	₹412.00 Cr	₹404.00 Cr	₹364.00 Cr	₹334.00 Cr	₹337.00 Cr	₹333.00 Cr	₹313.00 Cr	₹365.00 Cr	₹366.00 Cr	₹317.00 Cr	₹295.00 Cr
Profit before Tax	₹168.00 Cr	₹281.00 Cr	₹439.00 Cr	₹392.00 Cr	₹550.00 Cr	₹421.00 Cr	₹398.00 Cr	₹1,116 Cr	₹579.00 Cr	₹477.00 Cr	₹475.00 Cr	₹520.00 Cr	₹548.00 Cr
Net Profit	₹118.00 Cr	₹242.00 Cr	₹337.00 Cr	₹266.00 Cr	₹372.00 Cr	₹340.00 Cr	₹304.00 Cr	₹834.00 Cr	₹442.00 Cr	₹350.00 Cr	₹371.00 Cr	₹377.00 Cr	₹395.00 Cr
EPS in Rs	0.23	0.48	0.66	0.52	0.73	0.67	0.60	1.64	0.86	0.69	0.73	0.74	0.78

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹509.00 Cr	₹509.00 Cr	₹498.00 Cr	₹498.00 Cr	₹498.00 Cr	₹498.00 Cr	₹510.00 Cr	₹510.00 Cr	₹510.00 Cr	₹510.00 Cr	₹510.00 Cr	₹510.00 Cr
Reserves & Surplus	₹947.00 Cr	₹1,927 Cr	₹2,259 Cr	₹2,228 Cr	₹2,475 Cr	₹2,523 Cr	₹2,819 Cr	₹3,335 Cr	₹3,683 Cr	₹3,806 Cr	₹4,111 Cr	₹4,262 Cr
Borrowings (Debt)	₹2,580 Cr	₹3,503 Cr	₹2,849 Cr	₹2,798 Cr	₹2,436 Cr	₹1,991 Cr	₹1,562 Cr	₹1,597 Cr	₹1,442 Cr	₹2,126 Cr	₹1,635 Cr	₹1,829 Cr
Total Liabilities	₹4,507 Cr	₹6,529 Cr	₹6,184 Cr	₹6,163 Cr	₹6,156 Cr	₹5,776 Cr	₹5,772 Cr	₹6,489 Cr	₹6,829 Cr	₹7,563 Cr	₹7,161 Cr	₹7,537 Cr
Fixed Assets	₹2,864 Cr	₹4,693 Cr	₹4,345 Cr	₹3,902 Cr	₹3,717 Cr	₹3,681 Cr	₹3,791 Cr	₹3,713 Cr	₹4,094 Cr	₹4,608 Cr	₹4,455 Cr	₹4,340 Cr
Total Assets	₹4,507 Cr	₹6,529 Cr	₹6,184 Cr	₹6,163 Cr	₹6,156 Cr	₹5,776 Cr	₹5,772 Cr	₹6,489 Cr	₹6,829 Cr	₹7,563 Cr	₹7,161 Cr	₹7,537 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹544.00 Cr	₹532.00 Cr	₹999.00 Cr	₹476.00 Cr	₹656.00 Cr	₹1,214 Cr	₹505.00 Cr	₹903.00 Cr	₹1,426 Cr	₹287.00 Cr	₹945.00 Cr	₹760.00 Cr
Cash from Investing (CFI)	-₹114.00 Cr	-₹1,199 Cr	-₹167.00 Cr	-₹188.00 Cr	-₹51.00 Cr	-₹43.00 Cr	-₹155.00 Cr	-₹343.00 Cr	-₹1,160 Cr	-₹728.00 Cr	-₹205.00 Cr	-₹676.00 Cr
Cash from Financing (CFF)	-₹432.00 Cr	₹667.00 Cr	-₹808.00 Cr	-₹268.00 Cr	-₹643.00 Cr	-₹862.00 Cr	-₹570.00 Cr	-₹387.00 Cr	-₹410.00 Cr	₹340.00 Cr	-₹682.00 Cr	-₹137.00 Cr
Free Cash Flow (FCF)	₹362.00 Cr	-₹591.00 Cr	₹852.00 Cr	₹274.00 Cr	₹551.00 Cr	₹1,053 Cr	₹175.00 Cr	₹551.00 Cr	₹650.00 Cr	-₹351.00 Cr	₹719.00 Cr	₹461.00 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	20	25	30	37	46	21	36	27	16	22	16	13
Inventory Days	142	191	127	148	152	156	185	143	117	147	126	128
Cash Conversion Cycle (Days)	120	169	128	158	169	143	167	121	75	119	107	103
ROCE %	11%	9%	10%	9%	12%	10%	10%	23%	12%	10%	9%	10%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹11.91 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹23.45

DCF Fair Value

₹11.91

Graham Number

₹12.82

Margin of Safety

-47.5%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹11.91

Premium / Overvalued (Margin: -47.5%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹12	₹11	₹11	₹11
10%	₹12	₹12	₹12	₹11
12%	₹12	₹12	₹12	₹12
14%	₹12	₹12	₹12	₹12

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹12	Fairly Valued
Benjamin Graham Number	₹15	Market Priced
Historical Sector P/E	₹17	Premium
EV / EBITDA Multiplier	₹25	In-Line
Free Cash Flow Yield Model	₹23	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 5/9 (Stable Financials)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

5 / 9 Pass

Altman Z-Score

3.65 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.38x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 13.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

73.68%

FIIs (Foreign)

3.18%

DIIs (Domestic)

0.25%

Government

0.15%

Public / Retail

22.89%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	73.19%	73.19%	73.19%	73.19%	73.19%	73.19%	73.68%	73.68%	73.68%	73.68%	73.68%	73.68%
+ FIIs (Foreign Portfolio)	2.56%	2.55%	2.65%	2.63%	2.73%	2.83%	3.02%	2.98%	3.05%	3.16%	3.07%	3.18%
+ DIIs (Mutual Funds / Insurance)	0.05%	0.06%	0.05%	0.06%	0.07%	0.09%	0.10%	0.12%	0.15%	0.19%	0.22%	0.25%
+ Public (Retail & HNIs)	22.95%	22.96%	22.85%	22.87%	22.76%	22.82%	22.89%	23.21%	23.11%	22.96%	23.03%	22.89%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

TRIDENT Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

TRIDENT Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

TRIDENT Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹30.02

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹26.26

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 29x P/E.

🐻 Bear Case (15%) -12.0%

₹20.64

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:07 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ TRIDENT Ltd (TRIDENT)	Target Stock	₹23.45	-0.51%	28.6x	7.9%	9.8%	0.38	₹11,293 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹400.00	+0.25%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,906.00	+2.34%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,260.00	+2.91%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,199.50	-1.35%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,715.00	+3.64%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,748.60	+1.37%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:07:59 IST	✓ Live Sync
Financial Statements (10Y)	TRIDENT Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

TRIDENT Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About TRIDENT Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

Document Title