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 sell your shares. The company is facing significant challenges, including a high debt-to-equity ratio of 6.73, indicating weak long-term financial stability. Additionally, the company has experienced a decline in net sales at an annual rate of -4.20% and stagnant operating profit over the last five years.The recent performance also raises concerns, as non-operating income constitutes a substantial 185.95% of profit before tax, which suggests reliance on non-core activities for profitability. Furthermore, the company is showing negative EBITDA, which adds to the risk associated with the stock. Despite a lack of return over the past year, profits have increased by 51%, but this may not be sustainable given the underlying issues.Considering these factors, it would be prudent to sell your shares in Trade-Wings Ltd.

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

As of 04-Mar, Trade-Wings Ltd's stock price is rising, currently at 705.95, reflecting a change of 33.6 or 5.0% increase. This upward movement can be attributed to several factors. The stock has outperformed its sector by 8.22% today and has been on a consecutive gain streak for the last five days, accumulating a total return of 27.6% during this period. Additionally, the stock opened with a gain of 5% today and reached an intraday high of Rs 705.95. Trade-Wings Ltd is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a general decline in the Travel Services sector, which has fallen by 3.22%, Trade-Wings Ltd has managed to maintain its upward trajectory. However, it is worth noting that there has been a decrease in investor participation, with delivery volume falling by 6.83% against the 5-day average. Nonetheless, the overall performance and recent gains suggest a positive sentiment around the stock.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

84 (-58.62%) Volume

Shareholding (Dec 2025)

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?

14-Feb-2026

Why is Trade-Wings Ltd falling/rising?

04-Mar-2026

As of 04-Mar, Trade-Wings Ltd's stock price is at 705.95, reflecting a 5.0% increase. The stock has shown strong momentum, outperforming its sector and achieving significant gains over the past five days, despite a decline in investor participation.

View full answer

Which are the latest news on Trade-Wings?

05-Mar-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

With HIgh Debt (Debt-Equity Ratio at 6.73 times)- the company has a Weak Long Term Fundamental Strength

Poor long term growth as Net Sales has grown by an annual rate of -4.20% and Operating profit at 0% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at 0 times

Flat results in Dec 25

Risky - Negative EBITDA

Underperformed the market in the last 1 year

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Travel Services

Market cap

INR 212 Cr (Micro Cap)

P/E

372.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

6.73

Return on Equity

30.65%

Price to Book

113.86

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

274.38%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

1350.42%

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 here reflect the stock's current position as of 02 March 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 19 February 2026, providing investors with an up-to-date perspective on the company’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Are Trade-Wings Ltd latest results good or bad?

Trade-Wings Ltd's latest financial results for Q3 FY26 indicate a company grappling with significant operational challenges. The net profit reported was ₹1.21 crores, which reflects a substantial year-on-year decline of 56.94%. Revenue for the quarter was ₹67.12 crores, showing a slight decrease of 0.68% compared to the previous year, although it did exhibit a quarter-on-quarter growth of 13.96% from ₹58.90 crores in Q2 FY26. The operating margin, excluding other income, stood at 1.43%, which, while an improvement from a negative margin in the previous quarter, is still below the 3.28% margin achieved in Q3 FY25. This suggests that the company's core operations are struggling to generate adequate returns. The profit after tax (PAT) margin was reported at 1.80%, again reflecting a recovery from a negative position in the prior quarter, but still significantly lower than the previous year's figure. Trade-Wi...

Read full news article

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication

14-Feb-2026 | Source : BSE

The Company has published the extract of the Statement of unaudited financial results for the third quarter ended 31st December 2025 in Times of India and Pudhari newspaper which were approved in the Board meeting held on 12th February 2026.

Submission Of Un-Audited Financial Results Under Regulation 33 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015 For The Third Quarter Ended December 2025

12-Feb-2026 | Source : BSE

The Company submits herewith the Unaudited Financial Results (Standalone and Consolidated) for the third quarter ended 31st December 2025.

Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday 12Th February 2026

12-Feb-2026 | Source : BSE

In terms of Regulation 33 and Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 we would like to inform to you that the meeting of Board of Directors of our Company was held on Thursday12th February 2026 at 9:30 A.M. at the Corporate Office of the Company situated at A-2 Kaveri CHS Plot No.63 Sector 17 Vashi Navi Mumbai - 400705 and concluded at 4:30 P.M. The Board of Directors in the meeting considered and approved the following: 1. Considered and approved the Un-Audited Financial results (Standalone and consolidated) of the Company for the third quarter ended December 2025; 2. Considered and approved the Limited Review Report the third quarter ended December 2025. 3. Considered any other business with the permission of the chair.

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)

-4.20%

EBIT Growth (5y)

2.88%

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)

-22.25%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

372

Industry P/E

Price to Book Value

113.86

EV to EBIT

-66.16

EV to EBITDA

-77.08

EV to Capital Employed

15.61

EV to Sales

1.06

PEG Ratio

Dividend Yield

ROCE (Latest)

-23.59%

ROE (Latest)

30.65%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

No Signal

Bearish

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bearish

No Trend

OBV

Bullish

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

Shareholding

Shareholding Snapshot : Dec 2025

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

4.3%

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