Trident Texofab Limited (TTFL.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+55.9%

₹31.72

vs ₹20.34 price

Levered DCF

-₹104.12

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	84.85×	72.58×	48.35×	26.15×	63.16×	73.57×	47.97×	30.74×
P/B	1.08×	3.75×	3.21×	3.82×	4.79×	2.15×	3.71×	3.5×
P/S	0.51×	1.45×	0.52×	0.6×	0.74×	0.52×	0.47×	0.45×
EV / EBITDA	16.55×	23.53×	10.79×	9.67×	15.24×	12.67×	11.28×	19.53×
Gross margin	7.1%	13.3%	14.5%	16.6%	14.3%	14.9%	13.4%	8.0%
Operating margin	3.0%	3.1%	6.3%	13.7%	5.4%	11.5%	5.6%	6.0%
Net margin	0.6%	2.1%	1.1%	2.3%	1.2%	0.7%	1.0%	1.5%
Current ratio	2.11×	1.81×	1.23×	1.25×	1.32×	1.32×	0×	1.36×
Debt / equity	0.66×	0.63×	2.47×	2.51×	3.14×	2.84×	2.25×	1.32×
Interest coverage	1.19×	0.84×	1.09×	2.37×	1.14×	2.07×	1.91×	6.76×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.9%	0.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	45.5%	6.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.3%	5.3%	6.6%	14.6%	7.6%	2.9%	7.7%	11.4%
Return on invested capital	2.0%	4.7%	9.8%	19.0%	6.2%	4.6%	-170.1%	15.1%
Return on assets	0.6%	2.5%	1.3%	2.9%	1.4%	0.5%	1.6%	2.7%
Free cash flow yield	-27.9%	-7.7%	5.1%	9.7%	-4.5%	-30.9%	-10.6%	-26.4%
Earnings yield	1.2%	1.4%	2.1%	3.8%	1.6%	1.4%	2.1%	3.3%
Enterprise value	₹963.3M	₹2.1B	₹922.1M	₹960.2M	₹1B	₹597.3M	₹692.7M	₹540.2M
Net debt / EBITDA	6.28×	3.36×	4.68×	3.83×	6.03×	7.21×	4.26×	5.36×
Cash conversion cycle (days)	175	129	121	97	113	151	86	60