Trident's Evaluation Score Adjusted Amidst Resilience in Financial Metrics

Trident, a midcap player in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bearish stance to a mildly bullish outlook.
Key financial metrics indicate that Trident has shown resilience in certain areas. The company reported a significant operating profit to interest ratio, reaching its highest level at 94.25 times, alongside cash and cash equivalents amounting to Rs 681.25 crore. Additionally, the debt to EBITDA ratio stands at a manageable 1.30 times, showcasing the company's ability to service its debt effectively.

Despite a challenging year, where the stock generated a return of -14.56%, Trident's profits have seen a modest increase of 6.5%. The company holds a market capitalization of Rs 16,093 crore, making it the second-largest in its sector, contributing 6.16% to the overall industry. However, long-term growth remains a concern, with net sales and operating profit growing at annual rates of 8.13% and 1.24%, respectively, over the past five years.

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