---
title: "Trend Electronics Ltd (517228) — Share Price, Financials & Analysis"
symbol: "517228"
company: "Trend Electronics Ltd"
canonical: "https://tapetide.com/stocks/517228"
isin: "INE219F01017"
bse_code: "517228"
sector: "Consumer Discretionary"
industry: "Consumer Durables"
generated_at: "2026-09-13T18:27:49.923Z"
---

# Trend Electronics Ltd (517228)

Canonical page: https://tapetide.com/stocks/517228

## Company

- **BSE Code:** 517228
- **ISIN:** INE219F01017
- **Sector:** Consumer Discretionary
- **Industry:** Consumer Durables
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-01
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** trendelectronics.in

## About

Trend Electronics is primarily involved in manufacturing and trading of consumer durables and electronic components.

## Latest Price

## Key Insights

### Strengths

- Stock is trading at 0.11 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.27% over past five years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -29% | 24% | 14% |
| revenue growth | 91% | -5% | 5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12 | 9 | 5 | 16 | 18 | 15 | 16 | 13 | 16 | 12 | 12 | 10 |
| Expenses | 14 | 122 | 7 | 17 | 19 | 19 | 17 | 14 | 17 | 13 | 13 | 11 |
| Operating Profit | -2 | -112 | -2 | -1 | -1 | -4 | -1 | -2 | -1 | -1 | -1 | -1 |
| OPM % | -16 | -1200 | -38 | -9 | -4.7 | -26 | -7 | -12 | -4.9 | -10 | -12 | -12 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 38 | 40 | 30 | 53 | 40 | 49 | 46 | 48 | 49 | 50 | 52 | 55 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -40 | -152 | -32 | -54 | -41 | -52 | -47 | -49 | -50 | -51 | -54 | -56 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -40 | -152 | -32 | -54 | -41 | -52 | -47 | -49 | -50 | -51 | -54 | -56 |
| EPS in Rs | -53.4 | -202.68 | -42.36 | -72.29 | -54.19 | -69.93 | -63.28 | -65.89 | -66.57 | -67.8 | -71.57 | -74.59 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 15m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1875 | 1127 | 384 | 166 | 38 | 55 | 57 | 36 | 25 | 49 |
| Expenses | 1769 | 1086 | 573 | 193 | 156 | 63 | 61 | 42 | 30 | 52 |
| Operating Profit | 106 | 41 | -188 | -28 | -118 | -8 | -5 | -7 | -4 | -4 |
| OPM % | 6 | 3.6 | -49 | -17 | -313 | -15 | -8 | -19 | -17 | -7 |
| Other Income | 4 | 17 | -3 | 1 | 1 | 0 | 0 | 0 | 1 | 1 |
| Interest | 118 | 107 | 113 | 145 | 150 | 171 | 193 | 184 | 5 | 9 |
| Depreciation | 31 | 23 | 23 | 20 | 0 | 0 | 0 | 0 | 9 | 10 |
| Profit before tax | -38 | -73 | -327 | -192 | -267 | -179 | -198 | -191 | -17 | -22 |
| Tax % | -40 | 8 | -7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -23 | -78 | -303 | -192 | -267 | -179 | -198 | -191 | -17 | -22 |
| EPS in Rs | -30.64 | -104.41 | -403.76 | -256.52 | -356.65 | -238.76 | -263.53 | -254.43 | -22.93 | -29.68 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 5 | 5 |
| Reserves | -48 | 62 | -269 | -465 | -732 | -911 | -1109 | -1370 | 104 | 81 |
| Borrowings | 1008 | 710 | 970 | 1092 | 1206 | 1334 | 1479 | 1670 | 56 | 67 |
| Other Liabilities | 389 | 482 | 372 | 367 | 406 | 464 | 514 | 573 | 12 | 12 |
| Total Liabilities | 1358 | 1261 | 1082 | 1001 | 887 | 893 | 891 | 881 | 176 | 166 |
| Fixed Assets | 209 | 319 | 291 | 271 | 271 | 271 | 271 | 271 | 156 | 144 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 46 | 41 | 13 | 10 | 10 | 10 | 10 | 10 | 1 | 1 |
| Other Assets | 1103 | 902 | 777 | 720 | 606 | 613 | 611 | 600 | 20 | 21 |
| Total Assets | 1358 | 1261 | 1082 | 1001 | 887 | 893 | 891 | 881 | 176 | 166 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -35 | 307 | -176 | 19 | 37 | 0 | -2 | -191 | -3 | -4 |
| Cash from Investing Activity | 6 | 5 | 25 | 4 | 0 | -1 | 1 | 191 | -1 | 2 |
| Cash from Financing Activity | 32 | -315 | 152 | -24 | -36 | 0 | 1 | 0 | 4 | 3 |
| Net Cash Flow | 4 | -3 | 1 | -1 | 0 | -1 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -34 | 307 | -176 | 19 | 37 | 0 | -2 | -191 | -3 | -6 |
| CFO/OP | -32 | 745 | 93 | -70 | -31 | -4 | 50 | 2823 | 61 | 122 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 57 | 92 | 57 | 90 | 431 | 295 | 286 | 453 | 0 | 12 |
| Inventory Days | 85 | 135 | 124 | 319 | 74 | 245 | 223 | 295 | 226 | 124 |
| Days Payable | 46 | 73 | 36 | 58 | 85 | 323 | 296 | 394 | 160 | 89 |
| Cash Conversion Cycle | 96 | 154 | 145 | 352 | 420 | 217 | 213 | 355 | 67 | 48 |
| Working Capital Days | 46 | 10 | -416 | -1321 | -8431 | -7009 | -8052 | -15396 | -99 | -61 |
| ROCE % | 9 | 4 | -28 | -7 | -21 | -2 | -1 | -2 | -5 | -8 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Dec 2020 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.05% |
| No. of Shareholders | 17225 | 17017 | 17007 | 17013 | 17009 | 17003 | 17002 |

### Quarterly

| Category | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% | 53.89% |
| DIIs | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
| Public | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.06% | 46.05% |
| No. of Shareholders | 17006 | 17013 | 17014 | 17010 | 17009 | 17002 | 16999 | 17003 | 16999 | 17002 | 17007 | 17002 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 1517.13 | Sell |
| EMA (10) | 1503.01 | Sell |
| SMA (20) | 1543.01 | Sell |
| EMA (20) | 1519.89 | Sell |
| SMA (50) | 1527.14 | Sell |
| EMA (50) | 1543.18 | Sell |
| SMA (100) | 1584.77 | Sell |
| EMA (100) | 1603.56 | Sell |
| SMA (200) | 1745.29 | Sell |
| EMA (200) | 1730.33 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.51 | Neutral |
| MACD (12,26,9) | -14.87 | Sell |
| Stochastic (14,3,3) | 7.37 | Buy |
| ADX (14) | 22.42 | Neutral |
| Williams %R (14) | -88.19 | Buy |
| ATR (14) | 47.22 | High Volatility |
| ROC (12) | -8.03 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 38.55 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Aug 2023 - Successful bidders acquired Trend Electronics Limited for Rs.48.05 crores. | [Intimation Under PART A, Schedule III Regulation 30 Of SEBI (LODR) Regulations, 2015 8 Aug 2023 - Successful bidders acquired Trend Electronics Limited for Rs.48.05 crores.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d89fb178-eae6-472d-b6e9-9079b2a10a56.pdf) |
| 30 Apr 2023 - Certificate under Regulation 40(9) for FY 2022-23. | [Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended On 31St March, 2023. 30 Apr 2023 - Certificate under Regulation 40(9) for FY 2022-23.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1461bbf7-9f57-4489-a848-044d73797508.pdf) |
| 28 Feb - BSE/NSE levied Rs.68,000 each (+18% GST) fine for Reg.17(1A) non-compliance over director appointment (27-Feb-2026). | [Communication Of Information Under Regulation 30 Of SEBI(LODR) Regulations, 2015 28 Feb - BSE/NSE levied Rs.68,000 each (+18% GST) fine for Reg.17(1A) non-compliance over director appointment (27-Feb-2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/1e19c896-8454-4248-a916-2836778339b5.pdf) |
| 23 Jan - Board to meet 14 Feb 2026 to approve unaudited results for quarter ended 31.12.2025; trading window closed 1–16 Feb 2026. | [Board Meeting Intimation for Unaudited Financial Results For The Quarter Ended 31.12.2025 23 Jan - Board to meet 14 Feb 2026 to approve unaudited results for quarter ended 31.12.2025; trading window closed 1–16 Feb 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/20f1ecb6-5ec1-4269-a40e-b546ca7f2454.pdf) |
| 23 Jan - Board meeting on 14 Feb 2026 to approve unaudited results for quarter ended 31.12.2025; trading window closed. | [Closure of Trading Window 23 Jan - Board meeting on 14 Feb 2026 to approve unaudited results for quarter ended 31.12.2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2514de7e-af9b-460e-b78e-27c3b32a6ec2.pdf) |
| 14 May 2023 - Successful bidder declared in liquidation auction. | [Intimation Under PART A, Schedule III Regulation 30 Of SEBI (LODR) Regulations, 2015 14 May 2023 - Successful bidder declared in liquidation auction.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/218e432a-23f7-4c53-8fd0-113f0999ae99.pdf) |
| 14 Feb - Unaudited financial results and limited review report for quarter/9 months ended 31.12.2025 submitted. | [Board Meeting Outcome for Outcome Of The Board Meeting. 14 Feb - Unaudited financial results and limited review report for quarter/9 months ended 31.12.2025 submitted.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90988b08-1e0c-4880-b8a9-cf3830775d87.pdf) |
| 14 Feb - Submitted unaudited financial results and limited review for quarter and nine months ended 31.12.2025. | [Submission Of Unaudited Financial Results - Limited Review Report - For The Quarter Ended 31.12.2025. 14 Feb - Submitted unaudited financial results and limited review for quarter and nine months ended 31.12.2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7bbe3dd5-c706-4f0e-96f4-2cbe8fef3e5b.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bcc15ded-d9e5-4a66-9ab5-5fa0402ef726.pdf) |
| — | [Results-Delay in Financial Results 31 May 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0ea05590-6304-4857-a551-e3fadda12b50.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1260_BASML_2012_2013_29082013112631.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fbf7fdff-444b-4e62-b671-41ce18765a30.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/912ba8c9-c4ac-4e03-b655-13a8dcc477c7.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/351516c2-ceda-4341-a788-641c4620bcb1.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532674/74802532674.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532674/70080532674.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/517228/69631517228.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532674/67490532674.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532674/5326740319.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/517228/5172280319.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2023-08-08 | [Intimation Under PART A, Schedule III Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d89fb178-eae6-472d-b6e9-9079b2a10a56.pdf) |
| 2023-05-31 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ea05590-6304-4857-a551-e3fadda12b50.pdf) |
| 2023-05-14 | [Intimation Under PART A, Schedule III Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=218e432a-23f7-4c53-8fd0-113f0999ae99.pdf) |
| 2023-04-30 | [Certificate Under Regulation 40(9) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended On 31St March, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1461bbf7-9f57-4489-a848-044d73797508.pdf) |
| 2023-04-25 | [Disclosure: Non-Identification As Large Corporate For The Year Ended On 31St March 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=713ca66a-4c75-4cc6-ae03-85705c09cd32.pdf) |
| 2023-04-24 | [Non-Applicability Of Disclosure On Related Party Transactions Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015 For Half Year Ended 31St March, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=edeb1b7e-9397-45f6-8e63-6b38f2a41848.pdf) |
| 2023-04-24 | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0aef2b0a-3018-4338-aff4-d65b741a62e4.pdf) |
| 2023-04-24 | [Certificate Under Regulation 7(3) Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Financial Year Ended On 31St March, 2023.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a34cb2f8-fb42-41cc-9c6b-b0acacc6f5b0.pdf) |
| 2023-02-11 | [Intimation Under PART A, Schedule III Regulation 30 Of SEBI (LODR) Regulations, 2015](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c3db15d-bfcb-4f63-8ec3-16f1e7e0dd81.pdf) |
| 2023-02-08 | [Results-Delay in Financial Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c08957dc-7173-4935-9f26-134a26746ac1.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:27:49.923Z.