Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

Trident Techlabs Ltd

TECHLABS
IT - Software

Trident Techlabs Ltd's earnings have outrun its stock. EPS grew +22.7% in a year against a −73.7% price move.

The sharpest disagreement: profits are rising, but only 38% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (51 weeks in) while the P/E sits at the 13th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +266.7% year on year, and 38% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹167
−73.7% 1Y
P/E
14.9×
13th pctile
of its own 2-year range
Revenue (Sep 25)
₹64.0 Cr
+204.8% YoY
Profit (Sep 25)
₹11.0 Cr
+266.7% YoY
Operating margin
27.0%
−2.0 pp YoY
ROCE
27%
FY25
ROIC
10.6%
vs WACC 12.0% → −1.4 pp
Cash conversion
38%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Trident Techlabs Ltd trades at ₹167, in a downtrend and 51 weeks into that stage. That is −56.7% against its own 200-day average. It sits at 0% of a 52-week range of ₹167 to ₹608. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (20 weeks and counting).

Today the stock is in a downtrend — week 51 of stage 4, confirmed. At ₹167 it trades −56.7% versus its 200-day average and sits at 0% of its 52-week range (₹167–₹608).

Mar 26: ₹167 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
−56.7% versus the 200-day line, week 51 of stage 4
Price50-day avg200-day avg
S2S4₹1,585₹1,187₹789₹391₹0.0₹167₹386Dec 23Jul 24Feb 25Aug 25Mar 26
S2S4₹1,585₹1,187₹789₹391₹0.0₹167₹386Dec 23Feb 25Mar 26
Beating or trailing, week by week since 2023 Each cell is one week from 2023 to now (118 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Dec 23Mar 26

Against the market, two honest reads. Cumulative: over the last 2.2 years the stock moved +62% while the NIFTY 500 moved +8% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (20 weeks and counting; last ahead the week of 2025-11-07) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 13th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Trident Techlabs Ltd trades at 14.9× P/E, near the bottom of its own range — cheaper only 13% of the time. Its long-run median P/E is 48.8×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 14.9× is near the bottom of its own range — cheaper only 13% of the time, against a long-run median of 48.8× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 14.9× vs a 48.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.2-year window; loss-period spikes above 146× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 13% of the time
P/EMedianEPS (TTM) (quarterly)
157.6×₹18.1118.2×₹13.578.8×₹9.039.4×₹4.50.0×₹0.0×14.90×₹11Dec 23Jul 24Feb 25Sep 25Mar 26
157.6×₹18.1118.2×₹13.578.8×₹9.039.4×₹4.50.0×₹0.0×14.90×₹11Dec 23Feb 25Mar 26
P/E
14.9×
13th percentile of 2y

Why the multiple sits where it does: over the past year annual EPS moved +22.7% against a −73.7% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Trident Techlabs Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 4 quarters across 1 curve, on partial evidence.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
325%291%234%204%144%117%53%30%−38%−57%%%204.8%266.7%Mar 23Mar 24Sep 25
325%291%234%204%144%117%53%30%−38%−57%%%204.8%266.7%Mar 23Mar 24Sep 25
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
31%25%19%13%7.4%%27%FY22FY23FY25
31%25%19%13%7.4%%27%FY22FY23FY25
ROCE
Steady high
latest 27.0% · span 9.0%–29.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+5.5%+36.9%
Profit+33.3%+128.9%
EPS+22.7%+42.1%
Share price−73.7%
Revenue YoY (Sep 25)
+204.8%
latest quarter vs a year ago
Profit YoY (Sep 25)
+266.7%
latest quarter vs a year ago
Revenue 10y
28.8%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

45.2/100 — rank 60 of 63 in IT - Software · 40% evidence confidence · provisional, ranked below fully-evidenced peers

Trident Techlabs Ltd scores 45.2 out of 100 against the 63 companies it is compared with in IT - Software, ranking 60. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 16.2 + 14.9 + 10.8 + 3.3 = 45.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

Trident Techlabs Ltd reported ₹64.0 Cr of revenue in the Sep 25 quarter, +204.8% year on year. Over 4 years it has compounded at 28.8% a year. The last full year, FY25, came in at ₹77.0 Cr. The last four reported quarters add to ₹205 Cr.

Trident Techlabs Ltd reported ₹64.0 Cr of revenue in the Sep 25 quarter, +204.8% year on year. Over 4 years it has compounded at 28.8% a year. The last full year, FY25, came in at ₹77.0 Cr. The last four reported quarters add to ₹205 Cr.

FY25 revenue came in at ₹77.0 Cr (+5.5% on the year), capping 4 years at 28.8% compound. The latest quarter (Sep 25) printed ₹64.0 Cr, +204.8% year on year.

FY25 revenue ₹77.0 Cr (+5.5% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
28.8% a year over 4 years
RevenueYoY growth
83133%6299%4264%2130%0−3.9%₹ Cr%₹775.5%FY21FY23FY25
83133%6299%4264%2130%0−3.9%₹ Cr%₹775.5%FY21FY23FY25
Sep 25: ₹64.0 Cr (+204.8% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Revenue (quarterly)YoY growth
69661%52480%35299%17118%0−62%₹ Cr%₹64204.8%Mar 23Mar 24Sep 25
69661%52480%35299%17118%0−62%₹ Cr%₹64204.8%Mar 23Mar 24Sep 25

Pace check: the last four quarters averaged +241.5% growth against the decade's 28.8% — the current year is running faster than its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 27.0% this quarter (−2.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Trident Techlabs Ltd's operating margin is 27.0% in the Sep 25 quarter, −2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +45.0 percentage points. Across 5 fiscal years the operating margin has ranged 15.0% to 25.0%.

Trident Techlabs Ltd's operating margin is 27.0% in the Sep 25 quarter, −2.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved +45.0 percentage points. Across 5 fiscal years the operating margin has ranged 15.0% to 25.0%.

The latest quarter's operating margin is 27.0%, −2.0 pp against the same quarter a year ago. Across 5 fiscal years the operating margin has ranged 15.0%–25.0%, and FY25's 25.0% is the top of that band — a record year.

Why the margin moved: operating margin went +44.7 pp year on year while gross margin went −34.1 pp — the gain came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY25: 25.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 5-year window.
the widest a 15.0–25.0% band over 5 years
operating marginYoY change (pp)
26%7.8%23%4.9%20%2.0%17%−0.9%14%−3.8%%%25%3%FY21FY23FY25
26%7.8%23%4.9%20%2.0%17%−0.9%14%−3.8%%%25%3%FY21FY23FY25
Sep 25: 27.0% operating margin (−2.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
39%128%3.8%92%−31%57%−66%22%−101%−14%%%27%−2%Mar 23Mar 24Sep 25
39%128%3.8%92%−31%57%−66%22%−101%−14%%%27%−2%Mar 23Mar 24Sep 25

→ Margins slipped — did that reach the bottom line? Next: profit +266.7% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Trident Techlabs Ltd earned ₹11.0 Cr of net profit in the Sep 25 quarter, +266.7% year on year. Full-year FY25 profit was ₹12.0 Cr. That is 17.2% of the quarter's revenue. The same quarter a year earlier lost ₹3.0 Cr.

Trident Techlabs Ltd earned ₹11.0 Cr of net profit in the Sep 25 quarter, +266.7% year on year. Full-year FY25 profit was ₹12.0 Cr. That is 17.2% of the quarter's revenue. The same quarter a year earlier lost ₹3.0 Cr.

Sep 25 profit was ₹11.0 Cr, +266.7% year on year. On the full year, FY25 printed ₹12.0 Cr (+33.3%).

FY25 profit ₹12.0 Cr (+33.3% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 5-year window. A bar is red when it is lower than the year before.
Net profitYoY growth
13429%10323%6217%3110%00.0%₹ Cr%₹1233.3%FY21FY23FY25
13429%10323%6217%3110%00.0%₹ Cr%₹1233.3%FY21FY23FY25
Sep 25: ₹11.0 Cr (+266.7% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
Net profit (quarterly)YoY growth
14291%7204%1117%−530%−12−57%₹ Cr%₹11266.7%Mar 23Mar 24Sep 25
14291%7204%1117%−530%−12−57%₹ Cr%₹11266.7%Mar 23Mar 24Sep 25

→ Profit rose — but did the cash follow? Next: 38% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 38% of Trident Techlabs Ltd's reported profit arrived as operating cash — a gap worth watching. In FY25 that was ₹16.0 Cr of operating cash against ₹12.0 Cr of profit. After ₹3.0 Cr of capital spending, ₹13.0 Cr was left as free cash.

FY25: operating cash of ₹16.0 Cr against reported profit of ₹12.0 Cr, leaving free cash of ₹13.0 Cr after ₹3.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 38% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY25: CFO ₹16.0 Cr vs profit ₹12.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 5-year window, annual resolution.
38% of 3-year profit arrived as cash
Operating cashNet profitFree cash
199−1−10−20₹ Cr₹16₹12₹13FY21FY23FY25
199−1−10−20₹ Cr₹16₹12₹13FY21FY23FY25
FY25: CFO = 133% of profit (three-year rate 38%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
253%134%16%−103%−222%%133%FY21FY23FY25
253%134%16%−103%−222%%133%FY21FY23FY25

🚨 Why conversion sits at 38%: the cash cycle stretched 202 days between FY21 and FY25 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 202 days — the next section's job is to find where the cash is stuck.

→ So follow the cash to where it goes. Next: the 124-day cycle, in money terms.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Trident Techlabs Ltd's cash conversion cycle runs 124 days in FY25, up from −78 days in FY21. Capital spending ran ₹4.0 Cr over the last 3 years. At FY25 sales of ₹77.0 Cr each day of that cycle holds about ₹0.2 Cr, so roughly ₹26.0 Cr sits inside the business at any moment.

FY25: debtors at 302 days, inventory at 44 days — roughly 1.4 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 124 days, looser than FY21's −78.

The full loop: cash goes out to suppliers and production on day 0; stock waits 44 days to sell; customers pay about 302 days after that; and suppliers themselves are paid at 222 days — netting out to the 124-day cycle.

In money terms: at FY25 sales of ₹77.0 Cr, each day of the cycle holds about ₹0.2 Cr — so the 124-day loop keeps roughly ₹26.0 Cr sitting inside the business at any moment.

FY25: a 124-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 5-year window.
+202 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
96365835347−258days124d44d302d222dFY21FY22FY23FY24FY25
96365835347−258days124d44d302d222dFY21FY23FY25

On the investment side: capital spending of ₹4.0 Cr over the last 3 fiscal years against ₹2.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹0.0 Cr (FY25) — capacity paid for but not yet earning.

FY25: capex ₹3.0 Cr, work-in-progress ₹0.0 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
3.22.41.60.80.0₹ Cr₹3₹0FY22FY23FY25
3.22.41.60.80.0₹ Cr₹3₹0FY22FY23FY25

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 27% and the ROIC − WACC spread is −1.4 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Trident Techlabs Ltd earns a ROCE of 27% in FY25. That is up from a trough of 9% in FY22. Return on invested capital clears the cost of that capital by −1.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 15.6% net margin on 0.85× asset turns.

FY25 ROCE is 27%, recovered from a FY22 trough of 9% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY25): 15.6% net margin × 0.85× asset turns × 1.57× balance-sheet leverage ≈ 20.8% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 10.6% − 12.0% = a −1.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY25: ROCE 27% Return on capital employed by fiscal year, % (line). 4-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's 9%
ROCEWACC
31%25%19%13%7.4%%27%FY22FY23FY25
31%25%19%13%7.4%%27%FY22FY23FY25

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.22.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Trident Techlabs Ltd carries ₹13.0 Cr of borrowings against ₹58.0 Cr of equity in FY25, a debt-to-equity of 0.22. Operating profit covers the interest bill 6×. Over 4 years borrowings went from ₹30.0 Cr to ₹13.0 Cr. Capital spending ran ₹4.0 Cr across the last 3 of those years.

FY25: borrowings of ₹13.0 Cr against equity of ₹58.0 Cr — a debt-to-equity of 0.22. Operating profit covers the interest bill 6×. Over 4 years borrowings went from ₹30.0 Cr to ₹13.0 Cr while capital spending ran ₹4.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY25: borrowings ₹13.0 Cr at 0.22× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 5-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
322.5×241.9×161.3×80.7×00.1×₹ Cr×₹130.22×FY21FY22FY23FY24FY25
322.5×241.9×161.3×80.7×00.1×₹ Cr×₹130.22×FY21FY23FY25

→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 12.4 points over 4 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions cut 12.4 points of Trident Techlabs Ltd over 4 quarters, the biggest move on the register. That takes domestic institutions to 0.0% of the company. Foreign institutions moved −1.7 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: −12.4 points over 4 quarters to 0.0%; Foreign institutions: −1.7 points over 4 quarters to 0.0%; Promoters: +0.0 points over 4 quarters to 68.0%.

🚨 Why the register moved: domestic institutions drove it (−12.4 points), alongside foreign institutions (−1.7 points) — distribution into the market’s bid.

Fiscal-year ends: promoters +0.0 pts from Mar 24 to Mar 25 Shareholding at each fiscal-year end (March quarter), % of the company. 2 year-ends held.
PromotersForeign inst.Domestic inst.Public
73%54%34%14%−5.2%%68.0%0.2%2.3%29.5%Mar 24Mar 25
73%54%34%14%−5.2%%68.0%0.2%2.3%29.5%Mar 24Mar 25
Domestic institutions cut 12.4 points over 4 quarters Shareholding by holder class, % of the company, quarterly, last 5 quarters.
PromotersForeign inst.Domestic inst.Public
73%54%34%14%−5.4%%68.0%0%0%32.0%Dec 23Sep 24Sep 25
73%54%34%14%−5.4%%68.0%0%0%32.0%Dec 23Sep 24Sep 25

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Trident Techlabs Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

Related companies · same sector · IT - Software Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
Trident Techlabs Ltd this page14.9×₹289 CrNo read
Tata Consultancy Services Ltd15.2×₹8.2L CrConsistent
Infosys Ltd13.6×₹4.2L CrConsistent
HCL Technologies Ltd19.0×₹3.4L CrMixed
Wipro Ltd13.3×₹1.8L CrTopping out
Tech Mahindra Ltd28.7×₹1.5L CrTopping out
LTM Ltd21.6×₹1.2L CrConsistent
Coforge Ltd40.0×₹65,726 CrMixed
Mphasis Ltd22.6×₹43,674 CrConsistent
Hexaware Technologies Ltd23.0×₹33,719 CrNo read
IDream Film Infrastructure Company Ltd₹17,180 CrNo read
Zensar Technologies Ltd15.1×₹11,511 CrTurning around
Sonata Software Ltd15.8×₹8,079 CrMixed
Tanla Platforms Ltd14.9×₹7,954 CrTurning around
Birlasoft Ltd14.8×₹7,896 CrTurning around
Seshaasai Technologies Ltd23.6×₹6,221 CrNo read
ASM Technologies Ltd103.0×₹6,206 CrNo read
AvenuesAI Ltd20.2×₹5,700 CrMixed
Mastek Ltd12.0×₹5,242 CrConsistent
Datamatics Global Services Ltd20.3×₹4,856 CrTopping out
Aurionpro Solutions Ltd21.0×₹4,562 CrMixed
Moschip Technologies Ltd141.0×₹4,508 CrMixed
Capillary Technologies India Ltd128.0×₹3,790 Cr
TechNVision Ventures Ltd984.0×₹3,563 CrNo read
Cigniti Technologies Ltd11.4×₹3,472 CrMixed
63 Moons Technologies Ltd₹3,264 CrNo read
ASM Technologies Ltd52.8×₹3,220 CrNo read
TechNVision Ventures Ltd14,485.0×₹3,187 CrNo read
R Systems International Ltd12.6×₹2,909 CrTurning around
Sasken Technologies Ltd48.1×₹2,765 CrImproving
BLS E-Services Ltd44.6×₹2,565 CrMixed
Silver Touch Technologies Ltd71.0×₹2,538 CrTurning around
Saksoft Ltd16.3×₹2,231 CrMixed
Blue Cloud Softech Solutions Ltd31.2×₹1,889 CrMixed
Hypersoft Technologies Ltd440.0×₹1,798 CrNo read
Kody Technolab Ltd104.0×₹1,748 Cr
IZMO Ltd34.8×₹1,653 CrImproving
NINtec Systems Ltd50.3×₹1,610 CrMixed
Dynacons Systems & Solutions Ltd18.6×₹1,580 CrMixed
Magellanic Cloud Ltd13.6×₹1,568 CrMixed
12 · Frequently asked questions

Frequently asked questions

What is Trident Techlabs Ltd's share price today?

Trident Techlabs Ltd trades at ₹167, −73.7% over the past year. The company is valued at ₹289 Cr. The stock sits at 0% of its 52-week range of ₹167–₹608, −56.7% versus its 200-day average. On the tape, the price is in a downtrend, 51 weeks in. — as of 24 July 2026.

What were Trident Techlabs Ltd's latest quarterly results?

Trident Techlabs Ltd reported revenue of ₹64.0 Cr and net profit of ₹11.0 Cr for the Sep 25 quarter. Revenue rose 204.8% and profit rose 266.7% year on year. Earnings per share were ₹6.59. The operating margin was 27.0%, 2.0 pp lower than a year earlier. — as of 24 July 2026.

What is Trident Techlabs Ltd's revenue?

Trident Techlabs Ltd reported revenue of ₹64.0 Cr in the Sep 25 quarter, +204.8% year on year. For the full FY25 fiscal year, revenue was ₹77.0 Cr (+5.5%). Over the last 4 years revenue compounded at 28.8% a year. — as of 24 July 2026.

What is Trident Techlabs Ltd's profit?

Trident Techlabs Ltd earned ₹11.0 Cr of net profit in the Sep 25 quarter, +266.7% year on year. Full-year FY25 profit was ₹12.0 Cr. The operating margin ran 27.0% in the latest quarter. — as of 24 July 2026.

What is Trident Techlabs Ltd's market cap?

Trident Techlabs Ltd's market capitalisation is ₹289 Cr at a share price of ₹167. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is Trident Techlabs Ltd's P/E ratio?

Trident Techlabs Ltd trades at a P/E of 14.9×, at the 13th percentile of its own 2-year range, against a long-run median of 48.8×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Is Trident Techlabs Ltd overvalued?

On its own history, Trident Techlabs Ltd looks cheap against its own history: its P/E of 14.9× has been cheaper only 13% of the time in 2 years (long-run median 48.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.

Is Trident Techlabs Ltd growing?

Yes — Trident Techlabs Ltd is growing: latest-quarter revenue +204.8% year on year, profit +266.7%, and the margin −2.0 pp at 27.0%. The earnings engine currently reads: improving — as of 24 July 2026.

How is Trident Techlabs Ltd performing?

Trident Techlabs Ltd is in a downtrend, 51 weeks in. Its latest quarter's revenue rose 204.8% and profit rose 266.7% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 20 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

Is Trident Techlabs Ltd in an uptrend?

No — the price is in a downtrend (week 51 of stage 4), trading −56.7% versus its 200-day average and at 0% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is Trident Techlabs Ltd beating the market?

Not lately — on a trailing-13-week view Trident Techlabs Ltd is currently behind the NIFTY 500 (20 weeks and counting; last ahead the week of 2025-11-07), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.2 years the stock moved +62% against the NIFTY 500's +8% — ahead of the index over the full window. — as of 24 July 2026.

Will Trident Techlabs Ltd's share price go up?

This page publishes no price forecast for Trident Techlabs Ltd. What it measures instead: the share price is ₹167, the price is in a downtrend 51 weeks in. Its P/E of 14.9× sits at the 13th percentile of its own 2-year range. — as of 24 July 2026.

Who owns Trident Techlabs Ltd?

Promoters hold 68.0% of Trident Techlabs Ltd, foreign institutions 0.0%, domestic institutions 0.0% and the public 32.0% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 12.4 points over 4 quarters. — as of 24 July 2026.

Does Trident Techlabs Ltd have too much debt?

No — Trident Techlabs Ltd's debt-to-equity is 0.22, and operating profit covers the interest bill 6×. FY25 borrowings were ₹13.0 Cr against equity of ₹58.0 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.

What is Trident Techlabs Ltd's capex?

Trident Techlabs Ltd spent ₹4.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY25 alone that was ₹3.0 Cr, with ₹0.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is Trident Techlabs Ltd's cash flow?

Trident Techlabs Ltd generated ₹16.0 Cr of operating cash flow in FY25 and ₹13.0 Cr of free cash flow after ₹3.0 Cr of capital spending. Reported profit that year was ₹12.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is Trident Techlabs Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 38% of Trident Techlabs Ltd's reported profit arrived as operating cash. In FY25, operating cash was ₹16.0 Cr against reported profit of ₹12.0 Cr. The cash then goes mostly into the working-capital cycle. Cash-flow resolution is annual — as of 24 July 2026.

Where is Trident Techlabs Ltd in its business cycle?

Trident Techlabs Ltd's FY25 operating margin was 25.0%, against a 5-year band of 15.0%–25.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 27.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the Trident Techlabs Ltd story?

The sharpest disagreement: profits are rising, but only 38% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is Trident Techlabs Ltd a stock worth studying right now?

This is not investment advice. The machine read: Trident Techlabs Ltd's earnings have outrun its stock. EPS grew +22.7% in a year against a −73.7% price move. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

Chat with this pageChat with pageChatChatGPTClaudePerplexityGoogle AI