Share Price | Trade-Wings Ltd Stock Analysis & Recommendation

Q: How has been the historical performance of Trade-Wings?

Answer:The historical performance of Trade-Wings shows a fluctuating trend in its financial metrics over the years, with notable changes in net sales, profits, and overall financial health.Breakdown:Trade-Wings reported net sales of 249.40 Cr in March 2025, an increase from 242.42 Cr in March 2024, but a significant rise from just 37.49 Cr in March 2021. The total operating income mirrored this trend, reaching 249.40 Cr in March 2025. However, the company faced challenges with total expenditure, which increased to 247.04 Cr in March 2025 from 239.05 Cr in March 2024. Operating profit, excluding other income, was 2.36 Cr in March 2025, slightly down from 3.37 Cr in March 2024, while the overall operating profit, including other income, was 8.76 Cr in March 2025. Profit before tax showed a modest increase to 3.62 Cr in March 2025 from 3.57 Cr in March 2024, leading to a profit after tax of 3.80 Cr, up from 3.11 Cr in the previous year. The earnings per share also improved to 12.67 in March 2025 from 10.37 in March 2024. Despite these gains, the company has struggled with negative reserves, which were -13.85 Cr in March 2025, though this was an improvement from -17.63 Cr in March 2024. The balance sheet indicates total liabilities of 64.08 Cr in March 2020, with total assets at the same level, reflecting a challenging financial position. Cash flow from operating activities was stable at 5.00 Cr in March 2020, but the company faced cash flow challenges in financing activities, which were negative at -3.00 Cr. Overall, Trade-Wings has shown resilience with some recovery in profits and sales, yet it continues to grapple with negative reserves and fluctuating expenditures.

Q: Are Trade-Wings Ltd latest results good or bad?

Trade-Wings Ltd's latest results for Q3 FY26 indicate a challenging financial situation. The company reported a net profit of ₹1.21 crores, which reflects a significant decline of 56.94% year-on-year. Revenue also saw a slight decrease of 0.68% compared to the same quarter last year, although it did improve by 13.96% sequentially from the previous quarter.While the operating margin has turned positive at 1.43%, this is a recovery from a negative margin in the prior quarter, yet it remains well below the 3.28% achieved in Q3 FY25. The company's dependency on other income, which constituted 185.95% of profit before tax, raises concerns about the sustainability of its profitability.Moreover, Trade-Wings has a high debt-to-equity ratio of 6.73 times, indicating significant leverage, and its return on capital employed is negative at -23.59%. These factors, combined with negative shareholder funds and a lack of institutional investor participation, suggest that the company is facing serious operational challenges.Overall, the results can be characterized as poor, with multiple red flags that indicate a precarious financial position and a business model that struggles to generate consistent returns. Investors should approach with caution given the current volatility and underlying issues.

Q: Should I buy, sell or hold Trade-Wings Ltd?

Based on the current analysis of Trade-Wings Ltd, it would be advisable to consider selling your shares. The company is facing significant challenges, including a very high debt-equity ratio of 6.73 times, which indicates weak long-term fundamental strength. Additionally, the company has experienced poor long-term growth, with net sales declining at an annual rate of -4.20% and operating profit stagnating at 0% over the past five years.Recent financial results also show concerning trends. The profit after tax for the latest six months has decreased by 32.74%, and a large portion of the profit before tax is derived from non-operating income, which raises questions about the sustainability of earnings. Furthermore, the company has recorded a negative EBITDA of Rs. -2.91 crore, indicating operational inefficiencies.Given these factors, including the flat performance and the risks associated with the stock, it may be prudent to sell your shares in Trade-Wings Ltd.

Q: Why is Trade-Wings Ltd falling/rising?

As of 02-Jun, Trade-Wings Ltd's stock price is currently at 635.85, showing no change from the previous trading session. The stock has demonstrated a strong performance over the past month, with an increase of 18.19%, while the benchmark Sensex has declined by 2.94% during the same period. Year-to-date, Trade-Wings Ltd has outperformed the Sensex significantly, rising by 50.39% compared to the Sensex's drop of 12.40%.However, despite these positive trends, the stock has underperformed its sector by 1% today, indicating some weakness in its immediate trading performance. Additionally, there has been erratic trading behavior, with the stock not trading on 3 out of the last 20 days. This inconsistency may contribute to investor uncertainty. Furthermore, there has been a notable decline in investor participation, with delivery volume dropping by 84.78% against the 5-day average, suggesting reduced interest from investors.The stock's moving averages indicate that it is performing better than the 20-day, 50-day, 100-day, and 200-day moving averages, but it is lower than the 5-day moving average, which could signal a short-term pullback. Overall, while Trade-Wings Ltd has shown strong long-term performance, the recent decline in trading activity and investor participation may be contributing factors to its current price stability.

Results Declared: Trade-Wings has declared results on 27 May 2026! Click here to unlock the latest financial performance

Mojo Score Change: Trade-Wings has changed its score on 02 Jun 2026. Click here to unlock latest mojo score!

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

8 (90.48%) Volume

Shareholding (Mar 2026)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

74.97%

How has been the historical performance of Trade-Wings?

13-Nov-2025

Trade-Wings has shown fluctuating financial performance, with net sales increasing to 249.40 Cr in March 2025 from 37.49 Cr in March 2021, while facing challenges like negative reserves of -13.85 Cr. Despite improved profits and earnings per share, the company continues to struggle with rising expenditures and cash flow issues.

View full answer

Are Trade-Wings Ltd latest results good or bad?

13-Feb-2026

Trade-Wings Ltd's latest Q3 FY26 results are poor, showing a 56.94% decline in net profit and concerns over sustainability due to high dependency on other income and significant debt. The company faces serious operational challenges, indicating a precarious financial position.

View full answer

Should I buy, sell or hold Trade-Wings Ltd?

28-May-2026

Why is Trade-Wings Ltd falling/rising?

03-Jun-2026

As of 02-Jun, Trade-Wings Ltd's stock price is at 635.85, unchanged from the previous session, but has risen 18.19% over the past month. Despite strong long-term performance, recent declines in trading activity and investor participation indicate potential short-term challenges.

View full answer

Which are the latest news on Trade-Wings?

03-Jun-2026

Trade-Wings Ltd is Rated Sell
Trade-Wings Ltd is Rated Sell

Compare Trade-Wings with Similar Stocks

I R C T C Mahasagar Travel TBO Tek

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Unrated Stock - No Analysis Available

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Travel Services

Market cap

INR 191 Cr (Micro Cap)

P/E

80.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

6.73

Return on Equity

30.65%

Price to Book

102.56

Revenue and Profits:

Net Sales:

67 Cr

(Quarterly Results - Dec 2025)

Net Profit:

1 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-5.43%

6 Months

279.27%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

1109.99%

Trade-Wings for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Trade-Wings Ltd is Rated Sell

Trade-Wings Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 14 Nov 2025. However, the analysis and financial metrics discussed below reflect the company’s current position as of 31 May 2026, providing investors with an up-to-date view of its fundamentals, returns, and overall outlook.

Read full news article

Trade-Wings Ltd is Rated Sell

Trade-Wings Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 14 Nov 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 19 May 2026, providing investors with an up-to-date view of the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Trade-Wings Ltd is Rated Sell

Trade-Wings Ltd is rated 'Sell' by MarketsMOJO, with this rating last updated on 14 Nov 2025. However, the analysis and financial metrics discussed here reflect the stock's current position as of 08 May 2026, providing investors with an up-to-date perspective on the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Announcements

Submission Of Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Financial Year Ended 31St March 2026;

01-Jun-2026 | Source : BSE

In terms of regulation 33 of SEBI (Listing Obligation Disclosure Requirements) Regulations 2015 for the financial year ended 31st March 2026 enclosed herewith please find attached Audited Financial Results (standalone & consolidated) of the Company along with AUditors report for the financial year ended 31st March 2026 in pdf format.

Announcement under Regulation 30 (LODR)-Newspaper Publication

29-May-2026 | Source : BSE

In terms of Regulation 47 of the SEBI (Listing Obligation Disclosure Requirements) Regulations 2015 the Company has published the extract of Statement of Audited Financial Results (Standalone & Consolidated) for the year ended on 31st March 2026 which have been considered approved and taken on record by the Board of Directors at thier meeting held on 27.05.2026. The said financial results have been published in Times of India (English Newpspaper) Goa edition dated 29.05.2026 & in Pudhari (Marathi newspaper) Goa edition dated 29.05.2026. Further in pursuance of Regulation 30 read with Part A of Schedule III enclosed herewith please find below copy of Newspaper articles as published in above-mentioned newspapers. Kindly take the above on record and oblige.

Submission Of Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Financial Year Ended 31St March 2026;

28-May-2026 | Source : BSE

In terms of Regulation 33 of SEBI (Listing Obligation Disclosure Requirements) Regulations 2015 enclosed herewith please find the Audited financial results (Standalone and Consolidated) of the Company along with the Auditors report for the financial year ended 31st March 2026 in PDF format.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

2.00%

EBIT Growth (5y)

-45.98%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

6.73

Sales to Capital Employed (avg)

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

-8.14%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

102.56

EV to EBIT

-59.96

EV to EBITDA

-203.27

EV to Capital Employed

14.15

EV to Sales

0.78

PEG Ratio

Dividend Yield

ROCE (Latest)

-23.59%

ROE (Latest)

30.65%

Technicals key factors

Indicator

Weekly

Monthly

Technical indicator has not been calculated since the stock has been active for a short period

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Mar 2026

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Narayani Hospitality & Academic Institution Private Limited (74.61%)

Highest Public shareholder

Benjo Holdings Pvt Ltd (6.26%)

Individual Investors Holdings

4.35%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

55.59

52.95

4.99%

Operating Profit (PBDIT) excl Other Income

-0.62

-1.11

44.14%

Interest

1.34

0.75

78.67%

Exceptional Items

0.00

Standalone Net Profit

0.08

0.02

300.00%

Operating Profit Margin (Excl OI)

-1.12%

-2.10%

0.98%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 4.99% vs -12.57% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 300.00% vs 300.00% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Consolidated) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

126.49

118.33

6.90%

Operating Profit (PBDIT) excl Other Income

-3.35

-2.80

-19.64%

Interest

1.61

1.38

16.67%

Exceptional Items

0.00

Consolidate Net Profit

-1.78

-2.40

25.83%

Operating Profit Margin (Excl OI)

-2.65%

-2.37%

-0.28%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

193.61

185.91

4.14%

Operating Profit (PBDIT) excl Other Income

-2.39

-0.58

-312.07%

Interest

3.00

2.09

43.54%

Exceptional Items

0.00

Consolidate Net Profit

-0.57

0.41

-239.02%

Operating Profit Margin (Excl OI)

-1.23%

-0.31%

-0.92%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in nine months ended Dec 2025 is 4.14% vs 705.50% in Dec 2024

Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is -239.02% vs 105.26% in Dec 2024

All Nine Monthly Results

Annual Results Snapshot (Consolidated) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

249.40

242.42

2.88%

Operating Profit (PBDIT) excl Other Income

2.36

3.37

-29.97%

Interest

2.97

3.42

-13.16%

Exceptional Items

0.00

Consolidate Net Profit

3.80

3.11

22.19%

Operating Profit Margin (Excl OI)

0.95%

1.39%

-0.44%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 2.88% vs 546.63% in Mar 2024

Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 22.19% vs 143.02% in Mar 2024

All Annual Results

Company CV

About Trade-Wings Ltd

Trade-Wings Ltd

Micro Cap

Travel Services

Trade-Wings Apparels (TWAL) was incorporated as a private limited company in Jun.'93 and was subsequently converted into a public limited company in Feb.'95. It was promoted by Shailendra Mittal, Sunil Mittal and Sanjay Mittal.TWAL manufactures and deals in jeans, trousers and shirts under the Jordache, US, brand name at its factory in Andheri, Bombay. It has a marketing tie-up with Jeans East (International) [JEIL], an associate company.

Company Coordinates

Company Details

1st Floor Naik Building, Opp Don Bosco School M G Road Panaji Goa : 403001

Tel: 91-832-42309420/42309455

http://www.tradewings.in

companysecy@twltravel.com

Registrar Details

Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai