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    Trident Lifeline

    Surat-based hybrid pharmaceutical formulations maker exporting tablets, capsules and other dosage forms under own brands and via contract/loan-license manufacturing to Africa, Latin America, CIS and East Asia.

    Healthcare
    Healthcare

    Overview

    Price

    Market Cap

    ₹313 Cr

    Sector

    Healthcare

    Healthcare

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital81212121212
    Reserves-33441536988
    Borrowings2818545973
    Other Liabilities7916374763
    Total Liabilities146387156187237
    AssetsFixed Assets1321444661
    CWIP0542218
    Investments0341198
    Other Assets12515899130150
    Total Assets146387156187237

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY22FY23FY24FY25FY26
    ActivitiesCash from Operating0-192-105
    Cash from Investing0-10-20-14-37
    Cash from Financing142112034
    SummaryCapital Expenditure
    Free Cash Flow-1-26-16-21-29
    FCF Margin

    Valuation

    Assumptions

    Current — 543616
    Price
    ₹244
    EPS (TTM)
    ₹15.39
    PE (TTM)
    15.9
    Profit growth
    26.8%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (21.6×) and current (15.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹244
    vs
    Fair value · 15% return
    ₹374
    53%Undervalued

    At 26.8% growth and a 16× exit, ₹244 only delivers your return if you pay ₹374. The price is currently baking in 17% growth.

    EPS grows 26.8%/yr for 5 years, then fades to 6% over 2, exits at 16×.

    YearGrowthEPS (₹)
    FY2726.8%19.51
    FY2826.8%24.74
    FY2926.8%31.38
    FY3026.8%39.78
    FY3126.8%50.45
    FY3216.4% ·fade58.72
    FY336.0% ·fade62.24

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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