Trio Mercantile & Trading Ltd (TRIOMERC)

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Trio Mercantile & Trading Ltd (TRIOMERC) · mywealthgrid

About

Trio Mercantile & Trading Ltd operates in Other Financial Services within the Financials sector.

Face value: ₹2

Market cap

₹15 Cr

P/E

—

P/B

0.6×

Dividend yield

ROE

-0.2%

ROCE

0.5%

Debt / equity

0.06

OPM

-23.6%

EPS (TTM)

₹-0.0

Book value

₹3.5

52-week high

—

52-week low

—

1,370 historical price candles were omitted because the exchange source has not been verified.

₹2.3+2.7%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0.1)

Cons

−Low return on equity of -0.4% (3-yr avg)
−Revenue shrank over the last 5 years (-13% a year)
−Low promoter holding of 4.8%

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 23
Growth: 0
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Crisil LimitedCRISILCRISIL	₹32,373 Cr	₹32,373 Cr	₹4,126 Cr	₹1,229 Cr	29.7%	₹884 Cr	21%	33.9%	27.4%	48
RRP Semiconductor LtdRRPRRP	₹11,162 Cr	₹11,168 Cr	₹-7 Cr	₹-7 Cr	—	₹-8 Cr	—	-32.7%	-59.8%	—
Onemi Technology Solutions LimitedKISSHTKISSHT	₹6,254 Cr	₹7,346 Cr	₹2,179 Cr	₹651 Cr	29.9%	₹281 Cr	12.9%	32.9%	21%	-8
Asset Reconstruction Company (India) LimitedARCILARCIL	₹4,546 Cr	₹5,751 Cr	₹722 Cr	₹473 Cr	65.5%	₹-36 Cr	44.7%	—	-1.3%	—
Colab Platforms LtdCOLABCOLAB	₹2,622 Cr	₹2,624 Cr	₹158 Cr	₹2 Cr	1%	₹5 Cr	2.9%	23.2%	17.2%	9
Gyftr LtdGYFTRGYFTR	₹1,204 Cr	₹1,240 Cr	₹14 Cr	₹3 Cr	21.6%	₹2 Cr	12.9%	—	0.5%	—
Prime Securities LimitedPRIMESECUPRIMESECU	₹1,022 Cr	₹1,024 Cr	₹125 Cr	₹13 Cr	15.7%	₹5 Cr	9.6%	—	6.7%	—
Centrum Capital LimitedCENTRUMCENTRUM	₹969 Cr	₹17,026 Cr	₹3,643 Cr	₹948 Cr	29.2%	₹-217 Cr	-7.5%	12.7%	-46.8%	-519
Wealth First Portfolio Managers LimitedWEALTHWEALTH	₹952 Cr	₹952 Cr	₹58 Cr	₹37 Cr	72.3%	₹33 Cr	56%	34.5%	27.7%	563
Stellant Securities (India) LtdSTELLANTSTELLANT	₹518 Cr	₹518 Cr	₹0 Cr	₹-0 Cr	-93.8%	₹-0 Cr	-93.8%	-45.5%	-44.8%	0
The Investment Trust Of India LimitedTHEINVESTTHEINVEST	₹472 Cr	₹523 Cr	₹274 Cr	₹48 Cr	20.2%	₹33 Cr	12.2%	8.5%	4.2%	-42
Ndl Ventures LimitedNDLVENTURENDLVENTURE	₹422 Cr	₹1,328 Cr	₹1,044 Cr	₹149 Cr	17%	₹-38 Cr	0.2%	4.4%	-5.9%	-739

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	18	24	30	28	12	6	4	4	2	2	3
Interest	0	1	0	0	0	0	0	0	0	0	0
Expenses	20	25	30	29	13	7	6	5	3	2	3
Financing profit	-1	-2	-0	-1	-1	-1	-1	-1	-1	-1	-1
Financing margin %	-7.1%	-6.4%	-0.7%	-3.4%	-6.9%	-25.8%	-30.7%	-28.5%	-40.1%	-46.7%	-25%
Other income	1	1	1	1	1	1	1	1	1	1	1
Depreciation	0	0	0	0	0	0	0	0	0	0	0
Exceptional items	—	—	—	—	—	-1	0	0	0	0	-0
Profit before tax	0	0	1	0	1	-1	-0	-0	-0	-0	-0
Tax	—	—	—	0	0	0	0	0	0	0	0
Tax %	—	—	—	12.5%	25%	0%	0%	0%	0%	0%	0%
PAT	-0	0	0	0	0	-1	-0	-0	-0	-0	-0
EPS (₹)	-0.1	0.1	0.4	0.1	0.3	-0.2	-0.1	-0	-0	-0	-0
EPS adjusted (₹)	—	—	—	—	—	-0.2	-0.1	-0	-0	-0	-0
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	14	14	14	14	14	14
Reserves	11	11	11	10	10	10
	0	0	0	1	0	2
	4	4	3	3	4	4
Total equity & liabilities	29	28	27	27	28	29
	0	0	0	0	0	0
CWIP	0	0	0	0	0	0
Investments	0	0	0	0	0	0
	29	28	27	27	28	29
Total assets	29	28	27	27	28	29

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	4.5%	1.8%	1.4%	2.8%	4.8%	2.2%
EBITDA margin %	-3.1%	-6.2%	-25.8%	-30.7%	-28.5%	-39.7%	-46.1%	-23.6%
EBIT margin %	-3.2%	-6.3%	-25.8%	-30.7%	-28.5%	-39.7%	-46.1%	-23.6%
PAT margin %	0.3%	3.2%	-24.7%	-10.5%	-2.7%	-8.9%	-3%	-1.8%
Working capital
Receivable days	—	—	0	0	0	0	0	0
Inventory days	—	—	10	17	19	32	60	34
Payable days	—	—	115	181	99	0	0	65
NWC days	—	—	-105	-164	-80	32	60	-31
Leverage
Current ratio	—	—	2.67	1.72	2.08	—	1.93	2.54
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0.01	0.02	0.01	0.06
Interest coverage	1.9	6.8	—	—	—	-20	-4	3.3
Asset turnover	—	—	0.19	0.16	0.13	0.09	0.06	0.09
Return ratios
Return on assets %	—	—	-4.7%	-1.6%	-0.4%	-0.8%	-0.2%	-0.2%
Return on capital employed %	—	—	-1.5%	-1.9%	-0.4%	-0.8%	-0.2%	0.5%
Return on equity %	—	—	-5.5%	-1.9%	-0.4%	-0.9%	-0.2%	-0.2%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%	4.81%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%	95.16%
No. of shareholders	—	—	—	—	—	—	—	—	12,565	12,553	12,393	12,068

Promoter holding up 0 percentage points since Sep 2023.

26 deals · 17 Jan 2022 – 1 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
1 Sept 2026	SUDHANSHU KANDA	Bulk	BSE	Buy	4,00,000	₹2.28	₹0.09 Cr
1 Sept 2026	URVI KIRAN JOSHI	Bulk	BSE	Sell	3,72,266	₹2.31	₹0.09 Cr
2 Jul 2026	NUTAN NITIN LODAYA	Bulk	BSE	Buy	3,88,627	₹1.95	₹0.08 Cr
12 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	BSE	Sell	3,96,362	₹1.73	₹0.07 Cr
4 Jun 2026	NEO APEX SHARE BROKING SERVICES LLP	Bulk	BSE	Buy	4,50,000	₹2.28	₹0.10 Cr
11 May 2026	SUREKHA CHAUDHARY	Bulk	BSE	Sell	5,30,000	₹0.99	₹0.05 Cr
4 May 2026	SUREKHA CHAUDHARY	Bulk	BSE	Sell	13,15,390	₹0.99	₹0.13 Cr
4 May 2026	JOSHI	Bulk	BSE	Buy	5,04,000	₹0.99	₹0.05 Cr
30 Apr 2026	SUREKHA CHAUDHARY	Bulk	BSE	Sell	13,89,500	₹0.99	₹0.14 Cr
30 Apr 2026	KRISHNA KAUSHIK JOSHI	Bulk	BSE	Buy	3,71,000	₹0.99	₹0.04 Cr

1–10 of 26

1 / 3

Mr. Kaushik Jagannath JoshiChairperson & Managing Director
Mr. Dhruv Suresh BhanushaliNon - Executive Independent Director
Mr. Vikram Navin VadorNon - Executive Independent Director
Mr. Jignesh Shailesh TankNon - Executive Non -Independent Director
Ms. Kiran Ramchandra ShelkeNon - Executive Independent Director
Ms. Radhika Kaushik JoshiExecutive Director & Chief Financial Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Trio Mercantile & Trading Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Jul 2026

1

Face value ₹10 → ₹29 Mar 2021 · ex-date

1

Bonus 1:69 Mar 2021 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

5 Sept 2026, 9:33 pmOthers

Board Meeting Outcome for Shifting Of Registered Office Within Local Limits

Outcome without intimation PDF

3 Sept 2026, 8:14 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

31 Aug 2026, 9:34 pmCorp. Action

Register Of Members And Share Transfer Books Of The Company Will Remain Closed From 18.09.2026 To 24.09.2026 (Both Days Inclusive) For The Purpose Of 24Th Annual General Meeting.

Book Closure PDF

31 Aug 2026, 9:28 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

31 Aug 2026, 9:22 pmAGM/EGM

24Th Annual General Meeting For The Year 2025-26 Will Be Convened On 24Th September, 2026 At 02.00 Pm Through Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM')

AGM PDF

31 Aug 2026, 9:19 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting

Outcome without intimation PDF

23 Jul 2026, 6:11 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting Held On 22.07.2026

Outcome of Board Meeting PDF

22 Jul 2026, 4:10 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

Date	Category	Subject	Filing
5 Sept 2026, 9:33 pm	Others Outcome without intimation	Board Meeting Outcome for Shifting Of Registered Office Within Local Limits	PDF
3 Sept 2026, 8:14 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	4.5%	1.8%	1.4%	2.8%	4.8%	2.2%
EBITDA margin %	-3.1%	-6.2%	-25.8%	-30.7%	-28.5%	-39.7%	-46.1%	-23.6%
EBIT margin %	-3.2%	-6.3%	-25.8%	-30.7%	-28.5%	-39.7%	-46.1%	-23.6%
PAT margin %	0.3%	3.2%	-24.7%	-10.5%	-2.7%	-8.9%	-3%	-1.8%
Working capital
Receivable days	—	—	0	0	0	0	0	0
Inventory days	—	—	10	17	19	32	60	34
Payable days	—	—	115	181	99	0	0	65
NWC days	—	—	-105	-164	-80	32	60	-31
Leverage
Current ratio	—	—	2.67	1.72	2.08	—	1.93	2.54
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0.01	0.02	0.01	0.06
Interest coverage	1.9	6.8	—	—	—	-20	-4	3.3
Asset turnover	—	—	0.19	0.16	0.13	0.09	0.06	0.09
Return ratios
Return on assets %	—	—	-4.7%	-1.6%	-0.4%	-0.8%	-0.2%	-0.2%
Return on capital employed %	—	—	-1.5%	-1.9%	-0.4%	-0.8%	-0.2%	0.5%
Return on equity %	—	—	-5.5%	-1.9%	-0.4%	-0.9%	-0.2%	-0.2%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2	-2	-2	-1	1	-4
	-2	2	2	0	0	2
	0	0	0	0	-0	1
Net cash flow	-0	-0	0	-0	0	-0
Free cash flow	2	-2	-2	-1	1	-4
CFO / Operating profit %	—	—	—	—	—	—

Trio Mercantile & Trading Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings1

Stock splits1

Bonus issues1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Stock splits1

Bonus issues1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

1

1

1

1

1

1