Company Valuation: Trident Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 266,534 139,680 182,658 121,520 112,871 116,181 - -
Change - -47.59% 30.77% -33.47% -7.12% 2.93% - -
Enterprise Value (EV) 266,534 139,680 182,658 121,520 112,871 116,181 116,181 116,181
Change - -47.59% 30.77% -33.47% -7.12% 2.93% 0% 0%
P/E 31.9x 31.8x 53x 33.2x 30.4x 24.4x 20.1x 21.1x
PBR 6.93x 3.34x 4.3x 2.68x 2.4x 2.29x 2.13x 1.93x
PEG - -0.7x -2.5x 5.73x 22.19x 0.9x 1x -4.85x
Capitalization / Revenue 3.81x 2.21x 2.68x 1.74x 1.68x 1.58x 1.44x 1.35x
EV / Revenue 0x 0x 0x 0x 0x 1.58x 1.44x 1.35x
EV / EBITDA 0x 0x 0x 0x 0x 11.5x 10.3x 9.96x
EV / EBIT 0x 0x 0x 0x 0x 16.8x 14.5x 14.2x
EV / FCF 0x 0x -0x 0x 0x 16.8x 34.1x 1,734x
FCF Yield 2.03% 4.63% -1.97% 5.88% 3.94% 5.96% 2.93% 0.06%
Dividend per Share 2 0.36 0.36 0.36 0.36 - 0.3 0.35 0.1
Rate of return 0.67% 1.29% 0.98% 1.48% - 1.29% 1.51% 0.43%
EPS 2 1.67 0.88 0.69 0.73 0.74 0.95 1.15 1.1
Distribution rate 21.6% 40.9% 52.2% 49.3% - 31.6% 30.4% 9.09%
Net sales 1 69,977 63,323 68,088 69,871 67,010 73,336 80,426 85,820
EBITDA 1 15,123 9,467 9,403 9,108 8,692 10,085 11,287 11,669
EBIT 1 11,795 6,339 5,753 5,446 5,519 6,910 7,989 8,167
Net income 1 8,337 4,407 3,495 3,699 3,771 4,836 5,724 5,681
Net Debt - - - - - - - -
Reference price 2 53.35 27.95 36.55 24.27 22.51 23.17 23.17 23.17
Nbr of stocks (in thousands) 4,995,956 4,997,493 4,997,493 5,007,012 5,014,276 5,014,276 - -
Announcement Date 5/30/22 5/24/23 5/18/24 5/21/25 5/19/26 - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.31x4.88x23.5x0.53% 4B
11.88x1.64x6.96x3.35% 2.02B
32.14x1.84x15.02x - 2B
23.86x1.44x12.47x0.7% 1.5B
6.4x0.73x7.11x3.39% 1.23B
24.39x - - 1.29% 1.21B
Average 22.50x 2.11x 13.01x 1.85% 1.99B
Weighted average by Cap. 25.64x 2.75x 15.40x 1.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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