TRIDENT LIMITED
Q2 FY 2018-19 REVIEW
One company three businesses
Annual Report 2017-18
About the Company
Trident
Limited, is a leading
manufacturer of yarn,
Bath Linen, Bed
Linen and wheat straw-based
paper, Chemicals and
Captive Power. It started as a cotton yarn manufacturer in
1990 and later diversified into
home textiles. Currently, the company has manufacturing facilities in
Barnala (Punjab) and
Budhni (Madhya Pradesh).
Its founder-promoter Rajinder
Gupta is a
first-generation entrepreneur
with wide-ranging exposure of promoting industrial ventures.
The company has
a strong client
base in about
100 countries including nine
of the top
10 retailers in
the US, six
leading retailers in Europe and five of the top seven retailers in
Australia and New Zealand.
Apart from this,
in FY17, the
company expanded its home textile presence to around 450 retail outlets across
India.
Capacity
Bath-Linen
672 Looms 90,000 MT per annum
Bed-Linen
500 Looms 42.96 million meters per annum
In
Yarn : 5,42,448 spindles
Rotors
6,464 Rotors
PAPER
1,75,000 TPA ; 49.4 MW Captive power 1,00,000 TPA Chemicals, producing 115,200
ton per annum of Yarn. Company is the largest wheat straw based paper
manufacturer with a capacity of 175,000 MTPA in Punjab.
Products Location Capacity
Bath Linen Budni 300 looms
Bath Linen Punjab 372 looms
Bed Linen Budni 500 looms producing 42.96 million
meters per annum
Yarn Budni 5 units of 3,65,568 spindles and 2,880
rotors
Yarn Punjab 5 units of 1,76,880 spnidles and 3,584 rotors
Chemical Punjab 1,00,000
TPA
Manufacturing location
: Barnala, Punjab ; Budni, Madhya Pradesh
Annual Report 2017-18
· REVENUE,
2017-18 (4670.5 Rs in Cr)
· Market
Capitalisation as on March 31, 2018 Rs.3019.4
in Cr
· Debt-equity
as on March 31, 2018 < 1
· EBITDA
margin: 19.57% for 2017-18, against 20.78 % in previous year. The 5-year CAGR
stood at 3.3% driven by operational efficiencies, achieved across our
facilities.
· PAT
margin: 5.65% for 2017-18, against 7.06% in the previous year. We experienced a
continuous improvement in our profitability recording a 5-year CAGR of 30.14%
Business strategy
1. Focus on
value added products: to enhance profitability
2.
Increasing customer base:
and deepening its
market presence. strives to
increase the volume with existing customers and also add
new customers in its stride to fill in the capacities.
3. Cost
optimization: to ensure competitiveness.
The Company increased
its production capacity
by 10% in FY2017-18.
The Company utilizes
in-house energy generated from
its 50 MW
plant that helps
it to optimize power cost in comparison to state
electricity board.
Business segment review
1. Cotton yarn
Revenue contribution :
Year %
contribution
FY2016-17 33%
FY2017-18 34%
2. Home textile
Revenue contribution
Year Revenue
( H Cr) % contribution
FY2016-17 3795 49
FY2017-18 3719 48
Geographic presence, FY2017-18
Domestic 11%
Exports 89%
The Company
is also present
on all major
e-commerce platforms and the
Company is further
striving to increase the
revenue contribution from
the e-commerce segment.
Home Textiles
segment accounts for
65% of the
global home textile segment.
Online platforms
Amazon,
Flipkart, Myntra, Jabong,
Paytm Mall, EBay
and Grofers
3. Paper
Revenue contribution
Year Revenue
(H Cr) % contribution
FY2016-17 872 18
FY2017-18 858 19
Geographic presence, FY2017-18
Domestic 94%
Exports 6%
Total 100%
SWOT Analysis
• Easy
availability of cotton
and wheat straw
which are important raw material
• A strong customer
base of prestigious
and loyal customers
• One of the market leaders in terry towel market of
India
• Ventures in fast growing bed linen segment
• Expansion into value added products
• Increase
in export demand
and rise in
Indian Companies
• The paper industry is cyclical in nature
• The company is present in a highly competitive market
• Growing
pressure is leading
to a price
competition in the market
|
TRIDENT LTD
|
Sep '18
|
Jun '18
|
Mar '18
|
Dec '17
|
Sep '17
|
YOY
|
QOQ
|
|
Net Sales
|
1,392
|
1,131
|
1,185
|
1,137
|
1,155
|
20.49
|
23.01
|
|
Other Expenses
|
337.14
|
273.61
|
237.55
|
234.99
|
230.57
|
46.22
|
23.22
|
|
EBITDA
|
169.38
|
101.12
|
118.62
|
98.68
|
71.2
|
137.89
|
67.5
|
|
Other Income
|
9.82
|
8.47
|
-2.9
|
31.57
|
35.73
|
-72.52
|
15.94
|
|
P/L Before Int., Excpt. Items & Tax
|
179.2
|
109.59
|
115.71
|
130.25
|
106.93
|
67.59
|
63.52
|
|
Interest
|
25.99
|
27.99
|
27.72
|
25.24
|
31.87
|
-18.45
|
-7.15
|
|
P B T
|
153.21
|
81.6
|
88
|
105.01
|
75.06
|
104.12
|
87.76
|
|
Tax
|
44.06
|
22.39
|
37.12
|
31.99
|
24.16
|
82.37
|
96.78
|
|
Net Profit
|
109.14
|
59.22
|
50.88
|
73.02
|
50.9
|
114.42
|
84.3
|
|
Equity Share Capital
|
509.6
|
509.6
|
509.6
|
509.6
|
509.6
|
0
|
0
|
|
Basic EPS
|
2.14
|
1.16
|
1
|
1.43
|
1
|
114
|
84.48
|
|
Diluted EPS
|
2.14
|
1.16
|
1
|
1.43
|
1
|
114
|
84.48
|
|
MP
|
69
|
||||||
|
VOLUME
|
523000
|
||||||
|
52 W L H
|
51
|
106
|
|||||
|
FV
|
10
|
||||||
|
PE
|
8.06
|
||||||
|
16.10.18
|
1 week
|
2 week
|
1 month
|
3 month
|
6 month
|
9 month
|
1 year
|
|
Price
|
55.9
|
55.8
|
64.85
|
53.35
|
72.8
|
89.95
|
101.4
|
|
Gain / Loss
|
22.54%
|
22.76%
|
5.63%
|
28.40%
|
-5.91%
|
-23.85%
|
-32.45%
|
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