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

Based on the current situation of Trade-Wings, it is advisable to consider selling your shares. The company is experiencing operating losses and has shown weak long-term fundamental strength, with net sales declining at an annual rate of -1.40% and operating profit stagnating at 0% over the past five years. Additionally, the high debt levels, indicated by a debt-to-equity ratio of 0, further complicate its financial health.The recent flat results, particularly the significant non-operating income making up a large percentage of profit before tax, suggest that the core operations are not performing well. Furthermore, the negative EBITDA indicates ongoing financial challenges. Although the stock has generated a return of 0.00% over the past year, the substantial rise in profits by 51% does not compensate for the underlying risks.Considering these factors, selling seems to be the most prudent option at this time.

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

As of 18-Jan, Trade-Wings Ltd's stock price is rising, currently at Rs. 722.75, reflecting a change of 34.4 (5.0%) upward. This increase can be attributed to several factors. The stock has shown impressive performance over various periods, with a remarkable 178.19% return over the past month, significantly outperforming the Sensex, which has declined by 1.31% in the same timeframe. Additionally, the stock has been on a consecutive gain streak for the last 21 days, indicating strong momentum.Today, the stock opened with a gain of 5% and reached an intraday high of Rs. 722.75, marking a new 52-week and all-time high. It is also trading above its moving averages across multiple timeframes, suggesting a bullish trend. Furthermore, the stock has outperformed its sector by 5.66% today, reinforcing its positive performance.However, it is important to note that despite these positive indicators, there are underlying concerns regarding the company's financial health, including a high debt-to-equity ratio of 6.73 times and poor long-term growth metrics. Nonetheless, the current stock price rise is primarily driven by recent strong performance and investor sentiment rather than long-term fundamentals.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

351 (50.90%) 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

Should I buy, sell or hold Trade-Wings?

15-Nov-2025

Which are the latest news on Trade-Wings?

18-Jan-2026

Trade-Wings Ltd Hits New 52-Week High at Rs.688.35
Trade-Wings Ltd Stock Hits Record High of Rs.688.35 on 14 Jan 2026

Why is Trade-Wings Ltd falling/rising?

18-Jan-2026

As of 18-Jan, Trade-Wings Ltd's stock price is rising to Rs. 722.75, reflecting a 5.0% increase. This surge is driven by strong recent performance and investor sentiment, despite concerns over the company's financial health and high debt-to-equity ratio.

View full answer

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

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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 Sep 25

Risky - Negative EBITDA

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Travel Services

Market cap

INR 217 Cr (Micro Cap)

P/E

380.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

6.73

Return on Equity

30.65%

Price to Book

116.57

Revenue and Profits:

Net Sales:

59 Cr

(Quarterly Results - Sep 2025)

Net Profit:

-2 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

1435.83%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

1435.83%

5 Years

1445.49%

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 Hits New 52-Week High at Rs.688.35

Trade-Wings Ltd reached a significant milestone today by hitting a new 52-week and all-time high of Rs.688.35, marking a remarkable surge in its stock price and reflecting strong momentum over the past several weeks.

Read full news article

Trade-Wings Ltd Stock Hits Record High of Rs.688.35 on 14 Jan 2026

Trade-Wings Ltd has reached an all-time high of Rs.688.35 today, reflecting a remarkable surge in its stock price and underscoring the company’s strong performance over recent months. This milestone marks a significant achievement in the company’s market journey, with the stock demonstrating sustained upward momentum and outperforming key benchmarks.

Read full news article

Trade-Wings Ltd Hits New 52-Week High at Rs.624.4

Trade-Wings Ltd achieved a significant milestone on 12 Jan 2026, reaching a new 52-week and all-time high of Rs.624.4, marking a remarkable rally driven by sustained momentum and strong market performance.

Read full news article

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

14-Jan-2026 | Source : BSE

The compliance certificate under Regulation 74(5) is attached herewith with a covering letter.

Closure of Trading Window

26-Dec-2025 | Source : BSE

Pursuant to the Companys code of conduct and schedule B of the SEBI (prohibition of insider trading ) Regulations 2015 (including any statutory modifications and re-entactment thereof) which prescribes the minimum standards for code of conduct for listed companies to regulate monitor and report trading by Desiggnated person we wish to inform you that the trading window for trading in securites of the company shall remain closed for all insiders including designated persons and their immediate relatives from Thursday 01st January 2026 until the expiry of 48 hours after the declaration of the unaudited financial results of the company for the third quarter of the financial year 2025-26 ended on 31st december 2025.

Announcement under Regulation 30 (LODR)-Newspaper Publication

17-Nov-2025 | Source : BSE

In pursuance of Regulation 33 and 47 of SEBI LODR Regulation 2015 the Company hereby submits the newspaper publication of the quarterly financial results published in Times of India and Pudhari newspaper.

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

380

Industry P/E

Price to Book Value

116.57

EV to EBIT

-67.65

EV to EBITDA

-78.81

EV to Capital Employed

15.96

EV to Sales

1.08

PEG Ratio

Dividend Yield

ROCE (Latest)

-23.59%

ROE (Latest)

30.65%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

Bearish

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Bullish

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) - Sep'25 - QoQ

Sep'25

Jun'25

Change(%)

Net Sales

52.95

60.56

-12.57%

Operating Profit (PBDIT) excl Other Income

-1.11

-1.48

25.00%

Interest

0.75

0.56

33.93%

Exceptional Items

0.00

Standalone Net Profit

0.02

-0.01

300.00%

Operating Profit Margin (Excl OI)

-2.10%

-2.44%

0.34%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Sep 2025 is -12.57% vs 15.88% in Jun 2025

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 300.00% vs -100.84% in Jun 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) - Mar'25

Mar'25

Dec'20

Change(%)

Net Sales

181.82

23.08

687.78%

Operating Profit (PBDIT) excl Other Income

0.13

-4.89

102.66%

Interest

2.26

3.13

-27.80%

Exceptional Items

0.00

Consolidate Net Profit

0.99

-7.79

112.71%

Operating Profit Margin (Excl OI)

0.07%

-21.19%

21.26%

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 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

Trade-Wings

1Day

52 Week

CASH

FII

DII

Promoter

How has been the historical performance of Trade-Wings?

Watch in Real-Time

Should I buy, sell or hold Trade-Wings?

Which are the latest news on Trade-Wings?

Why is Trade-Wings Ltd falling/rising?

Compare Trade-Wings with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

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

Flat results in Sep 25

Risky - Negative EBITDA

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

Returns Beta

News

Trade-Wings Ltd Hits New 52-Week High at Rs.688.35

Trade-Wings Ltd Stock Hits Record High of Rs.688.35 on 14 Jan 2026

Trade-Wings Ltd Hits New 52-Week High at Rs.624.4

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018

Closure of Trading Window

Announcement under Regulation 30 (LODR)-Newspaper Publication

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

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

Half Yearly Results Snapshot (Consolidated) - Sep'25

Nine Monthly Results Snapshot (Consolidated) - Mar'25

Annual Results Snapshot (Consolidated) - Mar'25

About Trade-Wings Ltd

Company Coordinates