---
title: "Trinetra Cement Ltd(Merged) (INDOZINC) — Share Price, Financials & Analysis"
symbol: "INDOZINC"
company: "Trinetra Cement Ltd(Merged)"
canonical: "https://tapetide.com/stocks/INDOZINC"
sector: "Commodities"
industry: "Cement & Cement Products"
generated_at: "2026-09-13T18:26:55.144Z"
---

# Trinetra Cement Ltd(Merged) (INDOZINC)

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

## Company

- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** trinetracement.com

## About

Trinetra Cement is engaged in the manufacture of cement.

## Latest Price

## Key Insights

### Strengths

- Company has delivered good profit growth of 22.1% CAGR over last 5 years

### Weaknesses

- Company has low interest coverage ratio.
- Contingent liabilities of Rs.30.2 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 233% | 54% | 22% |
| revenue growth | 6% | 4% | 43% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 145.22 | 146.48 | 105.53 | 114.16 | 126.44 | 130.04 | 140.04 | 141.02 | 134.37 | 153.95 | 132.91 | 146.42 |
| Expenses | 129.12 | 118.89 | 95.28 | 112.26 | 120.02 | 121.82 | 120.16 | 118.29 | 109.18 | 127.7 | 119.97 | 133.87 |
| Operating Profit | 16.1 | 27.59 | 10.25 | 1.9 | 6.42 | 8.22 | 19.88 | 22.73 | 25.19 | 26.25 | 12.94 | 12.55 |
| OPM % | 11.09 | 18.84 | 9.71 | 1.66 | 5.08 | 6.32 | 14.2 | 16.12 | 18.75 | 17.05 | 9.74 | 8.57 |
| Other Income | 0.27 | 0.81 | 0.06 | 0.33 | 1.12 | 0.41 | 0.43 | 0.26 | 0.49 | 0.21 | 0.29 | 0.3 |
| Interest | 16.87 | 9.18 | 8.98 | 10.66 | 8.36 | 7.81 | 8.4 | 8.3 | 7.45 | 8.05 | 7.27 | 7.1 |
| Depreciation | 9.51 | 8.84 | 8.85 | 8.85 | 8.93 | 8.85 | 8.85 | 8.78 | 9.85 | 8.92 | 8.92 | 8.92 |
| Profit before tax | -10.01 | 10.38 | -7.52 | -17.28 | -9.75 | -8.03 | 3.06 | 5.91 | 8.38 | 9.49 | -2.96 | -3.17 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -10.01 | 10.38 | -7.51 | -17.28 | -9.75 | -8.03 | 3.06 | 5.91 | 8.39 | 9.49 | -2.96 | -3.17 |
| EPS in Rs | -22.24 | 23.07 | -16.69 | -38.4 | -21.67 | -17.84 | 6.8 | 13.13 | 18.64 | 21.09 | -6.58 | -7.04 |

### Profit & Loss

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2 | 1 | 0 | 81 | 352 | 442 | 458 | 497 | 492 | 568 |
| Expenses | 15 | 7 | 2 | 81 | 327 | 359 | 413 | 451 | 416 | 491 |
| Operating Profit | -13 | -7 | -2 | 0 | 24 | 83 | 45 | 46 | 76 | 77 |
| OPM % | -710 | -1030 | -2343 | -0.1 | 7 | 19 | 10 | 9 | 15 | 14 |
| Other Income | 16 | 2 | 2 | 1 | 2 | 2 | 3 | 2 | 2 | 1 |
| Interest | 0 | 0 | 0 | 9 | 40 | 53 | 54 | 37 | 32 | 30 |
| Depreciation | 0 | 0 | 0 | 5 | 28 | 37 | 37 | 35 | 36 | 37 |
| Profit before tax | 2 | -5 | 1 | -13 | -42 | -6 | -44 | -24 | 9 | 12 |
| Tax % | 0 | 1 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | 2 | -5 | 1 | -13 | -42 | -6 | -44 | -24 | 9 | 12 |
| EPS in Rs | — | — | — | -28.89 | -92.91 | -12.71 | -96.91 | -53.73 | 20.71 | 26.11 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Reserves | 10 | 5 | 6 | 168 | 94 | -57 | -100 | -125 | -116 |
| Borrowings | 6 | 87 | 652 | 815 | 932 | 1078 | 1308 | 1279 | 1258 |
| Other Liabilities | 4 | 5 | 32 | 120 | 141 | 149 | 150 | 165 | 141 |
| Total Liabilities | 25 | 102 | 695 | 1107 | 1171 | 1175 | 1362 | 1323 | 1287 |
| Fixed Assets | 2 | 2 | 2 | 526 | 641 | 625 | 621 | 590 | 563 |
| CWIP | 20 | 92 | 652 | 151 | 19 | 9 | 5 | 3 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 3 | 8 | 41 | 431 | 511 | 540 | 737 | 730 | 723 |
| Total Assets | 25 | 102 | 695 | 1107 | 1171 | 1175 | 1362 | 1323 | 1287 |

### Cash Flow

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

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -4 | -2 | 47 | 59 | 65 | -26 | 68 | 58 |
| Cash from Investing Activity | 2 | -77 | -544 | -391 | -109 | -12 | -150 | -1 | -5 |
| Cash from Financing Activity | -6 | 81 | 565 | 330 | 45 | -53 | 176 | -68 | -53 |
| Net Cash Flow | -3 | 0 | 19 | -14 | -5 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 1 | -22 | -546 | -243 | -53 | 53 | -54 | 65 | 50 |
| CFO/OP | -8 | 61 | 79 | -78833 | 243 | 78 | -57 | 148 | 77 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 132 | 97 | 365 | 28 | 7 | 10 | 12 | 9 | 8 |
| Inventory Days | 133 | 41 | 0 | 359 | 225 | 294 | 171 | 173 | 179 |
| Days Payable | 277 | 1550 | — | 760 | 720 | 670 | 408 | 419 | 435 |
| Cash Conversion Cycle | -12 | -1412 | 365 | -373 | -489 | -366 | -225 | -237 | -247 |
| Working Capital Days | -182 | 1346 | -59651 | -335 | -157 | -122 | -69 | -38 | -66 |
| ROCE % | — | -10 | 0 | -1 | 0 | 5 | 1 | 1 | 4 |

## Shareholding Pattern

### annual

| Category | Mar 2017 |
| --- | --- |
| Promoters | 61.22% |
| DIIs | 2.19% |
| Public | 36.59% |
| No. of Shareholders | 4106 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- |
| Promoters | 61.22% | 61.22% | 61.22% | 61.22% |
| DIIs | 2.19% | 2.19% | 2.19% | 2.19% |
| Public | 36.59% | 36.59% | 36.59% | 36.59% |
| No. of Shareholders | 4052 | 4046 | 4092 | 4106 |

## Technical Indicators

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

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 2 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 692.67 | Buy |
| EMA (10) | 701.03 | Buy |
| SMA (20) | 562.11 | Buy |
| EMA (20) | 606.1 | Buy |
| SMA (50) | 423.89 | Buy |
| EMA (50) | 468.4 | Buy |
| SMA (100) | 333.12 | Buy |
| EMA (100) | 375.39 | Buy |
| SMA (200) | 260.96 | Buy |
| EMA (200) | 301.75 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 89.34 | Sell |
| MACD (12,26,9) | 111.45 | Buy |
| Stochastic (14,3,3) | 98.49 | Sell |
| ADX (14) | 58.01 | Buy |
| Williams %R (14) | -4.52 | Sell |
| ATR (14) | 33.12 | High Volatility |
| ROC (12) | 67.46 | Buy |
| Stoch RSI (14) | 76.29 | Neutral |
| UO (7,14,28) | 92.47 | Sell |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5134280310.pdf) |

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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 2026-09-13T18:26:55.144Z.