Trident Techlabs Ltd.

•

tridenttechlabs.comBSE: -NSE: TECHLABS

Market Cap₹ 199 Cr.

Current Price

High / Low₹ 660 / 105

Stock P/E15.8

Book Value₹ 40

Price to Book18.92

Dividend Yield0.00 %

ROCE26.7 %

ROE22.0 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Information Technology

Buy

IT is supported by a still-expanding services backdrop and a weaker rupee. Export of services grew 13.0% YoY (2026-06), services PMI was 54.1 (Aug/26), and the currency at 95.23 (Sep/26) is depreciated versus the previous 95.16, which helps INR translation of export revenues. FPI positioning is only neutral-to-soft with net 3-month flow of INR -5 crore to 2026-08-31, so the positive stance is primarily macro-driven.

Confidence

68%

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PROS

Company has a healthy return on capital (ROCE) of 26.5%
Company has a good return on equity (ROE) track record: 3 Years ROE 26.1%
Operating margins have improved to 24.5% from 16.2%
Company generates healthy free cash flow
Company comfortably covers its interest (6.7x coverage)
Company maintains a comfortable, low leverage position

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.38x)
Equity base is being diluted - shares outstanding up 517.9%
Stock is trading at 18.9x its book value
Rich enterprise valuation - EV/EBITDA of 56.6x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Information TechnologyITIT - Software

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	TCS	2300.90	16.72	832485.76	4.78	13420.00	4.69	72275.00	13.93	66.25	25.67
2.	INFY	1130.00	15.14	458580.27	4.25	7775.00	12.29	48211.00	14.03	42.84	23.66
3.	HCLTECH	1294.00	20.15	351148.26	4.17	4626.00	20.34	34579.00	13.94	31.20	19.87
4.	WIPRO	176.80	13.25	175109.01	6.22	3356.30	0.59	24478.60	10.59	18.49	18.93
5.	TECHM	1592.00	30.38	156037.29	3.20	1486.30	31.67	15711.90	17.68	23.04	17.43
6.	LTM	4550.00	25.80	134962.70	1.65	1468.60	17.06	11608.00	17.96	30.25	17.75
7.	OFSS	12067.35	30.79	105086.26	3.31	1415.50	120.52	3125.20	68.73	45.50	60.04
8.	PERSISTENT	5655.00	46.38	89207.62	0.71	483.04	13.67	4303.23	29.09	35.09	16.19
9.	COFORGE	1967.45	49.61	87153.72	0.80	531.70	49.19	5527.70	49.86	24.70	19.14
10.	MPHASIS	2425.35	24.23	46294.46	2.56	489.51	10.82	4384.05	17.46	23.31	18.15
11.	LTTS	3492.45	28.07	37047.05	1.66	357.10	12.97	2940.10	11.47	27.70	18.65
12.	TECHLABS	115.20	32.81	199.08	0.00	—	—	—	—	26.70	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	28	30	67	73	77
	23	25	57	57	58
Operating Profit	5	5	10	16	19
OPM %	18.60%	15.75%	14.93%	21.99%	24.55%
	0	0	1	0	1
Interest	4	3	4	3	3
Depreciation	1	1	1	0	1
Profit before Tax	0	1	6	13	16
Tax %	35.30%	28.24%	27.50%	25.91%	25.78%
Net Profit	0	1	5	9	12
EPS	0.60	2.34	16.69	5.42	6.66
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 37%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 160%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -81%

RETURN ON EQUITY

10 Years:: —
5 Years:: 17%
3 Years:: 26%
Last Year:: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	3	3	3	17	17
	10	11	17	29	41
	27	27	23	16	8
Trade Payables	10	5	4	21	12
	9	9	3	14	13
Total Liabilities	59	55	50	98	91
	2	2	2	2	4
	3	2	2	2	2
	0	0	0	60	63
Cash & Bank	4	2	2	23	6
	49	50	45	11	14
Total Assets	59	55	50	98	91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-3	3	13	-17	16
Cash from Investing	-0	-0	-0	-4	-4
Cash from Financing	2	-4	-11	21	-9
	-1	-1	-0	0	2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	67.97	67.97	67.97	67.97	68.00
	0.35	0.16	0.19	0.00	0.00
	0.47	0.71	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00
	31.21	31.15	31.84	32.03	32.00

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for TECHLABS

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Trident Techlabs Ltd.

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Name

TCS

2300.90

16.72

832485.76

4.78

13420.00

4.69

72275.00

13.93

66.25

25.67

INFY

1130.00

15.14

458580.27

4.25

7775.00

12.29

48211.00

14.03

42.84

23.66

HCLTECH

1294.00

20.15

351148.26

4.17

4626.00

20.34

34579.00

13.94

31.20

19.87

WIPRO

176.80

13.25

175109.01

6.22

3356.30

0.59

24478.60

10.59

18.49

18.93

TECHM

1592.00

30.38

156037.29

3.20

1486.30

31.67

15711.90

17.68

23.04

17.43

LTM

4550.00

25.80

134962.70

1.65

1468.60

17.06

11608.00

17.96

30.25

17.75

OFSS

12067.35

30.79

105086.26

3.31

1415.50

120.52

3125.20

68.73

45.50

60.04

PERSISTENT

5655.00

46.38

89207.62

0.71

483.04

13.67

4303.23

29.09

35.09

16.19

COFORGE

1967.45

49.61

87153.72

0.80

531.70

49.19

5527.70

49.86

24.70

19.14

MPHASIS

2425.35

24.23

46294.46

2.56

489.51

10.82

4384.05

17.46

23.31

18.15

LTTS

3492.45

28.07

37047.05

1.66

357.10

12.97

2940.10

11.47

27.70

18.65

TECHLABS

115.20

32.81

199.08

0.00

—

26.70

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

18.60%

15.75%

14.93%

21.99%

24.55%

Interest

Depreciation

Profit before Tax

Tax %

35.30%

28.24%

27.50%

25.91%

25.78%

Net Profit

EPS

0.60

2.34

16.69

5.42

6.66

Dividend Payout %

0.00%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

Trade Payables

Total Liabilities

Cash & Bank

Total Assets

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-3

-17

Cash from Investing

-0

-4

Cash from Financing

-4

-11

-9

-1

-0

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

67.97

68.00

0.35

0.16

0.19

0.00

0.47

0.71

0.00

Government

0.00

31.21

31.15

31.84

32.03

32.00

Trident Techlabs Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Trident Techlabs Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI