Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 34.0 | −39.3% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 7.0 | −16.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1.0 | −87.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −11.9 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | 7.81 | +17.7 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +21.6 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
1 of 5 judged targets kept · 5 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue Execution / Spillover | Whatever the spillover, last year we have done this is not going to happen this year. | Q4 FY25 | Full year FY26 revenue grew 27% to 97.24 crore, confirming the lack of major spillover issues that plagued the previous year. | Achieved |
| M&A Execution | We are on a very final stage, the better company for acquisition... We will come back to you shortly. | Q4 FY25 | Acquisition was abandoned. Due diligence revealed the target's projections were not in line with results, showing declining EBIT and revenue. The company has pivoted to building its own team. | Missed |
| Headcount Growth | We expect to see this growth in a range of 30 to 40% [in upcoming years]. | Q4 FY25 | Management confirmed they have increased manpower for building up new verticals, but did not provide specific numbers. The target remains for 'upcoming years'. | On Track |
4 of Trident Techlabs Limited's 10 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹465.9 on 24 Oct 2025 → ₹99. High ₹465.9 (24 Oct 2025), low ₹99 (27 Oct 2026).
Overview
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
1 of 5 judged targets kept · 5 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Revenue Execution / Spillover | Whatever the spillover, last year we have done this is not going to happen this year. | Q4 FY25 | Full year FY26 revenue grew 27% to 97.24 crore, confirming the lack of major spillover issues that plagued the previous year. | Achieved |
| M&A Execution | We are on a very final stage, the better company for acquisition... We will come back to you shortly. | Q4 FY25 | Acquisition was abandoned. Due diligence revealed the target's projections were not in line with results, showing declining EBIT and revenue. The company has pivoted to building its own team. | Missed |
| Headcount Growth | We expect to see this growth in a range of 30 to 40% [in upcoming years]. | Q4 FY25 | Management confirmed they have increased manpower for building up new verticals, but did not provide specific numbers. The target remains for 'upcoming years'. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 10 tracked commitments, with each call’s wording and source.
Call summaries
Trident Techlabs Q4 FY26
Trident Techlabs reported strong standalone financial growth for FY26, with revenue up 26.8% and PAT up over 9%. However, consolidated PAT declined by 47% due to strategic upfront investments in new verticals. The company secured substantial new orders and provided a forward-looking guidance of 30% CAGR in revenue, EBITDA, and PAT over the next three years, while addressing past guidance misses and explaining margin compression.
Read the full callTrident Techlabs Q2 FY26
Trident Techlabs reported strong half-yearly results for H1 FY26, with revenue growing 201% to ₹63 crores and PAT increasing 229% to ₹11.37 crores. The company highlighted its technology-driven approach across power systems, engineering solutions, cybersecurity, and semiconductor design. An order book of ₹54.14 crores provides near-term visibility, and management is actively pursuing an acquisition in the semiconductor space while expanding internationally.
Read the full callTrident Techlabs Q4 FY25
Trident Techlabs reported a modest 5.9% YoY revenue growth to ₹77.3 crores for the year ended March 31, 2025, with stronger EBITDA and PAT growth of 18.8% and 22.8% respectively. The company secured an outstanding order book of ₹489.54 crores, surpassing last year's total revenue. Management acknowledged significant delays in government deal closures due to complex procedures, leading to spillover, but outlined strategic shifts including early client engagement, private sector focus, and Middle East expansion to mitigate future lumpiness. The semiconductor division, a new 100% subsidiary, is p
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: −87% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Sales | 9 | 8 | 64 | 21 | 56 | 63 | 34 |
| Expenses | 17 | 10 | 47 | 15 | 43 | 47 | 31 |
| Operating profit | -8 | -2 | 17 | 6 | 13 | 17 | 2 |
| Operating margin | −91.0% | −18.0% | 27.0% | 29.0% | 23.0% | 27.0% | 7.0% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 1 | 1 | 2 | 1 | 1 | 1 | 1 |
| Depreciation | 1 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | -10 | -3 | 16 | 5 | 11 | 15 | 1 |
| Tax rate | 0.0% | 1.0% | 21.0% | 26.0% | 26.0% | 25.0% | 20.0% |
| Net profit | -10 | -3 | 12 | 3 | 8 | 11 | 1 |
| EPS (₹ per share) | -36.11 | -2.43 | 7.21 | 2 | 4.66 | 6.61 | 0.65 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 17 | 17 | 17 | 17 |
| Reserves | 11 | 17 | 29 | 41 | 50 | 52 |
| Borrowings | 30 | 23 | 19 | 13 | 18 | 22 |
| Other liabilities | 12 | 8 | 33 | 20 | 18 | 15 |
| Total liabilities | 55 | 50 | 99 | 91 | 103 | 106 |
| Fixed assets | 2 | 2 | 2 | 4 | 4 | 3 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 2 |
| Other assets | 54 | 48 | 97 | 87 | 99 | 101 |
| Total assets | 55 | 50 | 99 | 91 | 103 | 106 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -3 | 2 | 11 | -17 | -3 | 14 |
| Cash from investing | 0 | 0 | 0 | -4 | -4 | -7 |
| Cash from financing | 2 | -4 | -11 | 21 | -9 | 6 |
| Net cash flow | -1 | -1 | 0 | 0 | -17 | 13 |
| Free cash flow | -3 | 2 | 11 | -18 | -7 | 14 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 512 | 496 | 203 | 300 | 302 | 217 |
| Inventory days | 288 | 181 | — | — | 44 | 45 |
| Days payable | 879 | 529 | — | — | 222 | 78 |
| Cash conversion cycle | -78 | 148 | 203 | 300 | 124 | 184 |
| Working capital days | 177 | 327 | 164 | 149 | 252 | 168 |
| Return on capital employed | — | 9.0% | 23.0% | 29.0% | 27.0% | 24.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 14.0% |
Ownership
Promoters hold 68.00% as of Mar 2026; institutions added 0.00 pts since Sept 2025.
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Named in the Mar 2026 filing
Every holder of Trident Techlabs Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 27.23% | unchanged | |
| 25.88% | unchanged | |
| 8.08% | unchanged | |
| 6.77% | unchanged | |
| 1.91% | +0.84 pp | |
| 1.60% | +0.45 pp | |
| 1.02% | −0.74 pp | |
| 0.03% | unchanged | |
| 0.01% | unchanged | |
| — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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