Income Statement Trident Limited

Equities

TRIDENT

INE064C01022

Textiles & Leather Goods

End-of-day quote NSE India S.E. Other stock markets 10/09/2024			5-day change	1st Jan Change
36.91 ^INR	+1.46%		0.00%	+1.68%

08-08	Trident Limited Approves the Appointment of Sushil Sharma as Company Secretary and Compliance Officer	CI
07-31	Trident Limited Announces Executive Changes	CI

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Published financial data: TRIDENT LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	47.28B	45.31B	69.98B	63.32B	68.09B
Other Revenues, Total	-	-	-	-	-
Total Revenues	47.28B	45.31B	69.98B	63.32B	68.09B
Cost of Goods Sold, Total	21.74B	20.45B	33.79B	34.17B	35.09B
Gross Profit	25.54B	24.86B	36.19B	29.15B	33B
Selling General & Admin Expenses, Total	6.17B	6.08B	7.06B	6.94B	9.43B
Provision for Bad Debts	-	65.5M	150M	-	-
Depreciation & Amortization - (IS)	3.34B	3.37B	3.33B	3.13B	3.65B
Other Operating Expenses	11.07B	10.51B	13.98B	12.76B	14.27B
Other Operating Expenses, Total	20.57B	20.02B	24.51B	22.83B	27.35B
Operating Income	4.97B	4.83B	11.67B	6.32B	5.65B
Interest Expense, Total	-1.08B	-674M	-817M	-779M	-1.54B
Interest And Investment Income	129M	86.9M	76M	170M	426M
Net Interest Expenses	-952M	-587M	-741M	-608M	-1.11B
Income (Loss) On Equity Invest.	-35.8M	5.9M	6M	3.8M	-
Currency Exchange Gains (Loss)	192M	53.4M	225M	20.9M	121M
Other Non Operating Income (Expenses)	4M	12.6M	9.2M	34.4M	54.6M
EBT, Excl. Unusual Items	4.18B	4.32B	11.17B	5.77B	4.71B
Gain (Loss) On Sale Of Investments	27M	300K	3.3M	-2.8M	-12.4M
Gain (Loss) On Sale Of Assets	-5.7M	-30.2M	35.7M	5.3M	28.9M
Insurance Settlements	13.8M	13.5M	24.7M	15.3M	30.5M
Other Unusual Items	-	-318M	-73.5M	-	11.9M
EBT, Incl. Unusual Items	4.21B	3.98B	11.16B	5.79B	4.77B
Income Tax Expense	813M	940M	2.83B	1.37B	1.27B
Earnings From Continuing Operations	3.4B	3.04B	8.34B	4.42B	3.5B
Net Income to Company	3.4B	3.04B	8.34B	4.42B	3.5B
Minority Interest	-	-	-	-8.7M	-4.7M
Net Income - (IS)	3.4B	3.04B	8.34B	4.41B	3.5B
Preferred Dividend and Other Adjustments	-	-	-	-	-
Net Income to Common Incl Extra Items	3.4B	3.04B	8.34B	4.41B	3.5B
Net Income to Common Excl. Extra Items	3.4B	3.04B	8.34B	4.41B	3.5B
Per Share Items
Net EPS - Basic	0.68	0.61	1.67	0.88	0.69
Basic EPS - Continuing Operations	0.68	0.61	1.67	0.88	0.69
Basic Weighted Average Shares Outstanding	4.98B	5B	5B	5.01B	5.03B
Net EPS - Diluted	0.68	0.61	1.67	0.88	0.69
Diluted EPS - Continuing Operations	0.68	0.61	1.67	0.88	0.69
Diluted Weighted Average Shares Outstanding	4.98B	5B	5B	5.01B	5.03B
Normalized Basic EPS	0.52	0.54	1.4	0.72	0.58
Normalized Diluted EPS	0.52	0.54	1.4	0.72	0.58
Dividend Per Share	0.36	0.36	0.36	0.36	0.36
Payout Ratio	61.56	-	43.15	40.89	51.83
Supplemental Items
EBITDA	8.16B	8.07B	14.89B	9.29B	9.09B
EBITA	4.97B	4.83B	11.67B	6.32B	5.65B
EBIT	4.97B	4.83B	11.67B	6.32B	5.65B
EBITDAR	8.18B	8.1B	14.93B	9.31B	9.12B
Total Revenues (As Reported)	47.48B	45.47B	70.2B	63.57B	68.67B
Effective Tax Rate - (Ratio)	19.32	23.6	25.32	23.74	26.6
Total Current Taxes	1.32B	1.25B	2.98B	1.39B	1.18B
Total Deferred Taxes	-504M	-311M	-157M	-15.7M	89.2M
Normalized Net Income	2.61B	2.7B	6.98B	3.6B	2.94B
Interest Capitalized	108M	313M	8.3M	109M	143M
Interest on Long-Term Debt	46.5M	28.6M	23.3M	30.1M	42M
Non-Cash Pension Expense	-12.6M	-7.2M	-4.4M	-12.2M	-6M
Supplemental Operating Expense Items
Advertising Expense	256M	238M	324M	414M	629M
Selling and Marketing Expenses	256M	238M	324M	414M	629M
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	22.2M	28.5M	38M	20.1M	28.7M
Imputed Operating Lease Interest Expense	9.54M	12.66M	15.88M	9.4M	21.64M
Imputed Operating Lease Depreciation	12.66M	15.84M	22.12M	10.7M	7.06M
Maintenance & Repair Expenses, Total	240M	254M	351M	417M	533M
Stock-Based Comp., SG&A Exp. (Total)	-	-	140M	222M	8.8M
Total Stock-Based Compensation	-	-	140M	222M	8.8M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.19B	987M	2.71B	1.3B	264M
Short Term Investments	37M	86.7M	37.1M	2.23B	4.57B
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	3.23B	1.07B	2.75B	3.53B	4.84B
Accounts Receivable, Total	2.75B	4.49B	5.25B	2.77B	4.12B
Other Receivables	987M	648M	880M	994M	1.66B
Notes Receivable	24.4M	16.5M	26M	-	-
Total Receivables	3.76B	5.15B	6.16B	3.76B	5.78B
Inventory	9.16B	10.23B	13.14B	10.82B	13.93B
Prepaid Expenses	153M	139M	142M	320M	333M
Other Current Assets, Total	1.21B	1.73B	3.3B	2.05B	2.13B
Total Current Assets	17.52B	18.32B	25.49B	20.48B	27.01B
Gross Property Plant And Equipment	56B	59.34B	62.01B	71.57B	76.91B
Accumulated Depreciation	-18.16B	-21.25B	-24.41B	-27.32B	-30.54B
Net Property Plant And Equipment	37.84B	38.09B	37.6B	44.25B	46.37B
Long-term Investments	1.28B	14M	18.1M	1.85B	489M
Other Intangibles, Total	425M	459M	364M	376M	583M
Deferred Tax Assets Long-Term	-	-	-	2M	-
Other Long-Term Assets, Total	702M	832M	1.42B	1.33B	1.18B
Total Assets	57.76B	57.72B	64.89B	68.29B	75.63B
Liabilities
Accounts Payable, Total	2.02B	2.99B	4.61B	5.4B	4.77B
Accrued Expenses, Total	599M	968M	881M	842M	1.69B
Short-term Borrowings	9.01B	12.34B	12.13B	5.52B	8.02B
Current Portion of Long-Term Debt	3.62B	468M	480M	179M	856M
Current Portion of Leases	67.6M	13.1M	20.7M	77.6M	70.8M
Current Income Taxes Payable	1.4M	3.8M	274M	74.4M	18.2M
Unearned Revenue Current, Total	287M	357M	510M	434M	-
Other Current Liabilities	1.36B	1.29B	1.13B	2.12B	1.63B
Total Current Liabilities	16.97B	18.42B	20.03B	14.65B	17.05B
Long-Term Debt	6.89B	2.55B	3.1B	8.04B	11.73B
Long-Term Leases	324M	254M	240M	603M	580M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	3.37B	3.2B	3.03B	3.02B	3.1B
Other Non Current Liabilities	-	-	40.3M	32.8M	-
Total Liabilities	27.55B	24.43B	26.44B	26.35B	32.46B
Preferred Stock Redeemable	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	4.98B	5.1B	5.1B	5.1B	5.1B
Additional Paid In Capital	3.33B	3.33B	3.33B	3.33B	3.33B
Retained Earnings	13B	17.01B	22.02B	24.99B	26.41B
Treasury Stock	-	-751M	-685M	-480M	-479M
Comprehensive Income and Other	8.9B	8.6B	8.68B	8.99B	8.79B
Total Common Equity	30.21B	33.28B	38.45B	41.93B	43.15B
Minority Interest	-	-	-	15.2M	22.6M
Total Equity	30.21B	33.28B	38.45B	41.94B	43.18B
Total Liabilities And Equity	57.76B	57.72B	64.89B	68.29B	75.63B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	5.1B	5B	5B	4.99B	5.15B
ECS Total Common Shares Outstanding	5.1B	5B	5B	4.99B	5.15B
Book Value / Share	5.93	6.66	7.7	8.4	8.39
Tangible Book Value	29.79B	32.82B	38.08B	41.55B	42.57B
Tangible Book Value Per Share	5.85	6.57	7.62	8.33	8.27
Total Debt	19.91B	15.62B	15.97B	14.42B	21.26B
Net Debt	16.68B	14.55B	13.22B	10.89B	16.42B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-90.5M	-13.6M	-112M	-478M	286M
Debt Equivalent Oper. Leases	178M	228M	304M	161M	230M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	15.2M	22.6M
Equity Method Investments, Total	1.06B	-	7.1M	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	5.51B	6.71B	8.8B	5.63B	7.98B
Inventories - Work In Process, Total	1.31B	1.49B	1.78B	1.94B	1.93B
Inventories - Finished Goods, Total	1.57B	1.51B	2.06B	2.52B	3.03B
Inventories - Others	776M	515M	501M	721M	992M
Land - (BS)	13.79B	14.19B	14.24B	14.31B	14.56B
Buildings, Total	9.61B	11.35B	11.72B	14.23B	14.63B
Machinery, Total	30.31B	32.7B	34.66B	38.46B	45.99B
Full Time Employees	13.54K	16.11K	15K	13.75K	14.58K
Accumulated Allowance for Doubtful Accounts (Supple)	31.1M	1.8M	7.3M	13M	62.6M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	3.4B	3.04B	8.34B	4.41B	3.5B
Depreciation & Amortization - CF	3.27B	3.28B	3.25B	3.03B	3.55B
Depreciation & Amortization, Total	3.27B	3.28B	3.25B	3.03B	3.55B
Amortization of Deferred Charges, Total - (CF)	267M	90M	82.2M	98.5M	99.4M
(Gain) Loss From Sale Of Asset	5.7M	30.2M	-35.7M	-5.3M	-30.4M
(Gain) Loss on Sale of Investments - (CF)	-27M	43.9M	2.2M	2.8M	12.4M
Asset Writedown & Restructuring Costs	-	51.7M	-	-	-
(Income) Loss On Equity Investments - (CF)	35.8M	-5.9M	-6M	-3.8M	-
Stock-Based Compensation (CF)	-	-	140M	222M	8.8M
Provision and Write-off of Bad Debts	40.5M	-52.7M	-	-	59.6M
Other Operating Activities, Total	272M	345M	846M	392M	1.08B
Change In Accounts Receivable	3.9B	-1.73B	-763M	2.59B	-1.27B
Change In Inventories	956M	-1.07B	-2.91B	2.47B	-3.47B
Change In Accounts Payable	152M	963M	1.61B	479M	-644M
Change in Other Net Operating Assets	-128M	59.6M	-1.51B	582M	-19.6M
Cash from Operations	12.14B	5.05B	9.03B	14.26B	2.87B
Capital Expenditure	-1.64B	-3.33B	-3.62B	-7.79B	-6.47B
Sale of Property, Plant, and Equipment	30.1M	35.4M	99.4M	31.5M	86.7M
Investment in Marketable and Equity Securities, Total	1.03B	1.66B	11.2M	-4.01B	-1.03B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	0	-
Other Investing Activities, Total	150M	89.7M	73.1M	119M	233M
Cash from Investing	-427M	-1.55B	-3.43B	-11.65B	-7.18B
Short Term Debt Issued, Total	-	6.25B	8.51B	-	2.5B
Long-Term Debt Issued, Total	279M	2.85B	959M	5.74B	5.16B
Total Debt Issued	279M	9.1B	9.47B	5.74B	7.65B
Short Term Debt Repaid, Total	-2.41B	-2.92B	-8.72B	-6.61B	-
Long-Term Debt Repaid, Total	-2.79B	-10.42B	-408M	-1.14B	-857M
Total Debt Repaid	-5.2B	-13.34B	-9.13B	-7.75B	-857M
Issuance of Common Stock	-	-	-	488M	-
Repurchase of Common Stock	-	-751M	-	-	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-2.09B	-	-3.6B	-1.8B	-1.81B
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.09B	-	-3.6B	-1.8B	-1.81B
Other Financing Activities, Total	-1.61B	-718M	-616M	-788M	-1.59B
Cash from Financing	-8.62B	-5.7B	-3.87B	-4.1B	3.4B
Foreign Exchange Rate Adjustments	1.2M	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	100K	-	51.5M	-93.5M
Net Change in Cash	3.09B	-2.2B	1.72B	-1.44B	-1B
Supplemental Items
Cash Interest Paid	1.17B	717M	949M	941M	1.6B
Cash Income Tax Paid (Refund)	1.84B	1.45B	2.73B	1.67B	1.26B
Levered Free Cash Flow	10.46B	1.01B	2.94B	6.29B	-6.2B
Unlevered Free Cash Flow	11.13B	1.43B	3.45B	6.77B	-5.24B
Change In Net Working Capital	-6.13B	1.62B	3.7B	-7.26B	5.95B
Net Debt Issued / Repaid	-4.92B	-4.23B	344M	-2B	6.8B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.2	5.23	11.9	5.93	4.9
Return on Total Capital	5.96	6.1	14.12	7.13	5.84
Return On Equity %	11.33	9.59	23.25	10.99	8.22
Return on Common Equity	11.33