Company Valuation: Trident Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 266,534 139,680 182,658 121,520 112,871 118,287 - -
Change - -47.59% 30.77% -33.47% -7.12% 4.8% - -
Enterprise Value (EV) 266,534 139,680 182,658 121,520 112,871 118,287 118,287 118,287
Change - -47.59% 30.77% -33.47% -7.12% 4.8% 0% 0%
P/E 31.9x 31.8x 53x 33.2x 30.4x 24.8x 20.5x 21.4x
PBR 6.93x 3.34x 4.3x 2.68x 2.4x 2.34x 2.16x 1.97x
PEG - -0.7x -2.5x 5.73x 22.19x 0.9x 1x -4.92x
Capitalization / Revenue 3.81x 2.21x 2.68x 1.74x 1.68x 1.61x 1.47x 1.38x
EV / Revenue 0x 0x 0x 0x 0x 1.61x 1.47x 1.38x
EV / EBITDA 0x 0x 0x 0x 0x 11.7x 10.5x 10.1x
EV / EBIT 0x 0x 0x 0x 0x 17.1x 14.8x 14.5x
EV / FCF 0x 0x -0x 0x 0x 17.1x 34.7x 1,765x
FCF Yield 2.03% 4.63% -1.97% 5.88% 3.94% 5.86% 2.88% 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% - 1.27% 1.48% 0.42%
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 23.59 23.59 23.59
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.($)
36.09x5.02x24.06x0.52% 4.1B
12.18x1.67x7.08x3.27% 2.07B
33.36x1.9x15.57x - 2.09B
24.86x1.49x12.94x0.67% 1.58B
7.26x0.74x7.21x3.34% 1.32B
25.04x - - 1.26% 1.25B
Average 23.13x 2.16x 13.37x 1.81% 2.07B
Weighted average by Cap. 26.02x 2.81x 15.75x 1.55%

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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