Trio Mercantile & Trading Ltd

₹ 1.09 -0.91%

23 Dec - close price

About

Trio Mercantile & Trading Ltd was established in 2002. The Co.is involved in Trading & Investments. Profession of Services & Consultancy activities & Brokerage business. ^[1]

Key Points

Company History
The Co. was formed as a result of demerger of the finance and investment division of Tricom India Limited in 2002. In 2015 ARSS Engineering Ltd was amalgamated with the Co.^[1]^[2]

Website BSE

Market Cap ₹ 7.41 Cr.
Current Price ₹ 1.09
High / Low ₹ 1.26 / 0.85
Stock P/E 41.2
Book Value ₹ 3.54
Dividend Yield 0.00 %
ROCE -0.86 %
ROE -0.91 %
Face Value ₹ 2.00

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Pros

Company has reduced debt.
Company is almost debt free.
Stock is trading at 0.31 times its book value

Cons

The company has delivered a poor sales growth of -38.6% over past five years.
Promoter holding is low: 4.81%
Company has a low return on equity of -1.07% over last 3 years.
Working capital days have increased from 343 days to 505 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	0.70	0.42	2.86	0.61	0.69	0.86	1.49	0.94	0.96	0.01	0.55	0.45	0.69
	0.88	1.37	2.98	0.82	1.01	1.15	1.73	1.08	1.59	0.10	0.67	0.55	0.77
Operating Profit	-0.18	-0.95	-0.12	-0.21	-0.32	-0.29	-0.24	-0.14	-0.63	-0.09	-0.12	-0.10	-0.08
OPM %	-25.71%	-226.19%	-4.20%	-34.43%	-46.38%	-33.72%	-16.11%	-14.89%	-65.62%	-900.00%	-21.82%	-22.22%	-11.59%
	0.21	0.20	0.23	0.21	0.24	0.29	0.22	0.23	0.25	0.24	0.05	0.16	0.15
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.03	-0.75	0.11	0.00	-0.08	0.00	-0.02	0.09	-0.38	0.15	-0.07	0.06	0.07
Tax %	0.00%	0.00%	-45.45%		0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	28.57%
	0.03	-0.75	0.16	0.00	-0.08	0.00	-0.02	0.09	-0.38	0.15	-0.07	0.06	0.04
EPS in Rs	0.00	-0.11	0.02	0.00	-0.01	0.00	-0.00	0.01	-0.06	0.02	-0.01	0.01	0.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	1.06	30.48	13.39	18.84	25.07	29.49	28.30	12.27	5.54	4.37	3.65	2.47	1.70
	1.00	30.30	13.28	19.62	25.67	29.56	29.14	13.06	6.97	5.71	4.70	3.46	2.09
Operating Profit	0.06	0.18	0.11	-0.78	-0.60	-0.07	-0.84	-0.79	-1.43	-1.34	-1.05	-0.99	-0.39
OPM %	5.66%	0.59%	0.82%	-4.14%	-2.39%	-0.24%	-2.97%	-6.44%	-25.81%	-30.66%	-28.77%	-40.08%	-22.94%
	0.15	0.12	0.55	1.02	0.92	0.81	1.06	1.36	0.06	0.88	0.95	0.78	0.60
Interest	0.00	0.14	0.25	0.10	0.14	0.13	0.12	0.04	0.00	0.00	0.00	0.01	0.00
Depreciation	0.02	0.03	0.07	0.07	0.07	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.19	0.13	0.34	0.07	0.11	0.60	0.09	0.52	-1.37	-0.46	-0.10	-0.22	0.21
Tax %	26.32%	46.15%	26.47%	71.43%	27.27%	25.00%	11.11%	32.69%	0.00%	0.00%	0.00%	0.00%
	0.13	0.07	0.25	0.02	0.07	0.46	0.07	0.35	-1.37	-0.46	-0.10	-0.22	0.18
EPS in Rs	0.04	0.02	0.08	0.00	0.01	0.07	0.01	0.05	-0.20	-0.07	-0.01	-0.03	0.03
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	-22%
5 Years:	-39%
3 Years:	-24%
TTM:	-60%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	12%
TTM:	158%

Stock Price CAGR
10 Years:	-15%
5 Years:	-26%
3 Years:	-26%
1 Year:	20%

Return on Equity
10 Years:	0%
5 Years:	-1%
3 Years:	-1%
Last Year:	-1%

Balance Sheet

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5.58	5.58	5.58	11.65	11.65	11.65	11.65	11.65	13.59	13.59	13.59	13.59	13.59
Reserves	8.93	8.96	9.20	13.68	13.75	14.20	14.21	14.46	11.15	10.71	10.61	10.39	10.49
	4.84	3.16	0.75	3.21	3.94	3.13	0.94	0.00	0.00	0.00	0.20	0.55	0.11
	0.34	1.78	1.64	4.20	2.38	2.72	3.98	0.98	4.36	3.82	3.06	2.80	2.91
Total Liabilities	19.69	19.48	17.17	32.74	31.72	31.70	30.78	27.09	29.10	28.12	27.46	27.33	27.10
	0.25	0.28	0.20	0.12	0.03	0.02	0.01	0.00	0.00	0.00	0.00	0.01	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	4.05	0.00	0.00	0.00	0.00	0.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00
	15.39	19.20	16.97	32.62	31.69	31.68	29.77	26.09	29.10	28.12	27.46	27.32	27.08
Total Assets	19.69	19.48	17.17	32.74	31.72	31.70	30.78	27.09	29.10	28.12	27.46	27.33	27.10

Cash Flows

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	-2.09	-3.04	2.41	1.53	1.48	-0.47	6.98	-3.46	2.01	-2.01	-1.88	-1.35
	0.15	4.10	0.55	-12.10	-1.42	1.44	-4.75	4.09	-2.12	2.00	1.75	0.87
	2.04	-0.74	-3.26	10.58	0.33	-0.93	-2.29	-0.98	0.00	0.00	0.20	0.33
Net Cash Flow	0.10	0.32	-0.30	0.01	0.40	0.04	-0.07	-0.36	-0.11	0.00	0.07	-0.14

Ratios

Figures in Rs. Crores

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	3.44	23.11	62.70	76.53	28.10	79.71	0.39	0.59	0.00	0.00	0.00	0.00
Inventory Days	153.06	2.70	5.13	41.27	16.33	8.40	9.20	6.73	9.66	17.02	19.26	31.94
Days Payable	0.00	4.42	24.24	24.22	0.00	33.87	50.34	6.15	114.54	181.22	99.36	0.00
Cash Conversion Cycle	156.51	21.39	43.59	93.57	44.43	54.25	-40.75	1.18	-104.88	-164.21	-80.10	31.94
Working Capital Days	86.08	18.08	46.61	50.95	23.00	204.47	131.68	251.66	434.84	215.49	308.00	505.38
ROCE %	1.05%	1.46%	3.55%	0.77%	0.76%	2.57%	0.86%	2.19%	-1.46%	-1.88%	-0.41%	-0.86%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
	95.16%	95.16%	95.16%	95.17%	95.17%	95.17%	95.15%	95.16%	95.17%	95.16%	95.16%	95.17%
No. of Shareholders	6,911	9,837	10,876	11,151	11,127	11,050	10,989	11,022	11,681	11,655	11,272	11,320

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	11.84%	10.49%	4.82%	4.82%	4.81%	4.81%	4.81%	4.81%	4.81%
	0.03%	0.03%	0.03%	0.03%	0.00%	0.03%	0.03%	0.03%	0.03%
	88.13%	89.48%	95.15%	95.15%	95.19%	95.16%	95.17%	95.16%	95.17%
No. of Shareholders	1,276	1,210	1,199	1,555	5,832	9,837	11,050	11,655	11,320

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Trio Mercantile & Trading Ltd

Trio Mercantile & Trading Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports