Trident India Limited (Trident India) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Trident India Limited

TRIDENT INDIA Limited Balance Sheet (In Rs. Millions)

PARTICULARS	31st March 2023	31st March 2022
ASSETS
Non-current assets
Property, plant and equipment	39,669.30	36,204.60
Capital work in progress	3,622.40	824.1
Intangible assets	316.10	354.4
Right of use assets	957.70	567.6
Intangible assets under development	59.60	9.9
Investment in associate	-	7.1
Financial assets
Investments	4.90	11
Other financial assets	2,405.80	453.1
Non-current tax assets (net)	141.00	141
Deferred tax assets (net)	2.00	-
Other non-current assets	655.00	829.5
Total non-current assets	47,833.80	39,402.30
Current assets
Inventories	10,818.00	13,143.80
Financial assets
Trade receivables	2,765.40	5,252.60
Cash and cash equivalents	1,267.30	2,710.50
Other bank balances (other than ii above)	2,382.60	214.1
Other financial assets	1,555.40	1,134.90
Current tax assets (net)	1.70	-
Other current assets	1,663.20	3,033.10
Total current assets	20,453.60	25,489.00
Total assets	68,287.40	64,891.30
EQUITY AND LIABILITIES
Equity
Equity share capital	5,096.00	5,096.00
Other equity	36,830.30	33,350.80
Equity attributable to equity holders of the parent	41,926.30	38,446.80
Non-controlling interest	15.20	-
Total equity	41,941.50	38,446.80
Non-current liabilities
Financial liabilities
Borrowings	8,042.50	3,096.60
Lease liabilities	603.20	240.1
Other financial liabilities	32.80	40.3
Deferred tax liabilities (net)	3,017.60	3,034.40
Total non-current liabilities	11,696.30	6,411.40
Current liabilities
Financial liabilities
Borrowings	5,698.60	12,609.60
Lease liabilities	77.60	20.7
Trade payables
Total outstanding dues of micro enterprises and small enterprises; and	1,555.00	694.9
Total outstanding dues of creditors other than micro enterprises and small	3,846.50	3,910.80
Other financial liabilities	2,378.60	1,508.70
Provisions	116.90	196.8
Other current liabilities	902.20	817.9
Current tax liabilities (net)	74.40	273.7
Total current liabilities	14,649.80	20,033.10
Total liabilities	26,345.90	26,444.50
Total equity and liabilities	68,287.40	64,891.30

TRIDENT INDIA Limited Profit & Loss Statement (In Rs. Millions)

PARTICULARS	31st March 2023	31st March 2022
Revenue from operations	63,322.60	69,976.60
Other income	243.60	225.7
Total Income	63,566.20	70,202.30
Expenses:
Cost of raw materials consumed	33,851.50	33,681.20
Purchase of stock in trade	485.90	618.7
Changes in inventories of finished goods, waste, work-in-progress and	582.20	-862.6
stock in trade
Employee benefits expenses	6,503.80	6,695.40
Finance costs	798.20	862.3
Depreciation and amortisation expense	3,127.70	3,328.00
Forex loss/(gain) (including MTM)	-20.90	-224.9
Other expenses	13,617.40	14,945.60
Total expenses	57,779.40	59,043.70
Profit before tax and share of profit of associate	5,786.80	11,158.60
Share of profit of associate	3.80	6
Profit before tax	5,790.60	11,164.60
Current tax	1,397.90	2,986.90
Deferred tax charge / (credit)	13.60	-160.3
Current tax adjustments related to earlier years	-7.70	-2.7
Deferred tax adjustments related to earlier years	-29.30	-2.7
Total expenses	1,374.50	2827.1
Profit for the year	4,416.10	8337.5
Total Comprehensive Income	4,472.10	8302.1
Earnings Per Share
Basic and diluted	0.88	1.67

Trident India Limited Financial Ratios

PARTICULARS	2023	2022
Current ratio	1.35	1.25
Debt to equity ratio	0.4	0.51
Debt service coverage ratio	10.08	12.41
Return on equity ratio	12.92%	28.56%
Return on capital employed	0.11	0.2
Return on Investment	-8.08%	8.51%
Net Profit ratio	8.84%	15.80%
Inventory Turnover ratio	4.41	4.50
Trade receivables ratio	14.83	13.25
Trade payables ratio	6.17	9.6

Insight of the financial ratios of Trident India For March 31, 2023

Current Ratio:

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. An increase from the previous year indicates an improved ability to meet short-term obligations.

Debt to Equity Ratio:

A decrease in the debt-to-equity ratio suggests a reduction in financial leverage. This is generally positive as it indicates a lower reliance on debt financing.

Debt Service Coverage Ratio:

A decrease in the debt service coverage ratio may indicate a potential challenge in meeting debt obligations. It 's important to assess the reason behind the decline and evaluate the company 's ability to service its debt.

Return on Equity (ROE) Ratio:

The significant decrease in ROE suggests a lower return generated on shareholders ' equity in 2023 compared to the previous year. Further investigation is needed to identify the factors contributing to this decline.

Return on Capital Employed (ROCE) Ratio:

The decline in ROCE indicates a lower return on the total capital employed by the company. It 's important to analyse the reasons behind this reduction and assess the efficiency of capital utilization.

Return on Investment (ROI) Ratio:

A negative ROI in 2023 is concerning and suggests that the company incurred a loss on its investments during the year. Further investigation is crucial to understand the specific investments that led to this negative return.

Net Profit Ratio:

The decrease in the net profit ratio indicates a lower percentage of profit generated from total revenue. Analyzing the reasons behind this decline is essential for understanding the company 's profitability.

Inventory Turnover Ratio:

A slight decrease in inventory turnover may suggest a slightly slower rate of inventory turnover. It 's important to assess whether this is due to changes in demand, production, or other factors.

Trade Receivables Ratio:

An increase in the trade receivables ratio indicates that the company is taking longer to collect payments from its customers. This may impact cash flow and liquidity.

Trade Payables Ratio:

The decrease in the trade payables ratio may suggest a shorter period for settling payables. It 's essential to assess the impact on the company 's working capital and relationships with suppliers.

In summary, the financial ratios of Trident India for 2023 raise concerns about profitability, return on investment, and debt service coverage. Further analysis and investigation are necessary to understand the underlying factors contributing to these changes and to formulate appropriate strategies for improvement.

Dividend history of Trident India Limited (In Rs. Millions)

PARTICULARS

2023

2022

Dividend per share (final + interim) (In Rs.)

0.36

Retained Earnings (In Rs. Millions)

23,512.50

20,841.90

Annual Report

Trident India Annual Report 2022-2023

Download

Trident India Annual Report 2021-22