Trade-Wings Ltd () Stock Analysis | Price, Returns, Financials & Key Metrics

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

44 (-6.78%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

74.97%

How has been the historical performance of Trade-Wings?

13-Nov-2025

Trade-Wings has shown fluctuating financial performance, with net sales increasing to 249.40 Cr in March 2025 from 37.49 Cr in March 2021, while facing challenges like negative reserves of -13.85 Cr. Despite improved profits and earnings per share, the company continues to struggle with rising expenditures and cash flow issues.

Should I buy, sell or hold Trade-Wings?

15-Nov-2025

Which are the latest news on Trade-Wings?

03-Dec-2025

Trade-Wings Hits New 52-Week High of Rs.167.65 Marking Significant Market Milestone
Trade-Wings Surges to Upper Circuit Amid Unprecedented Buying Interest

Why is Trade-Wings falling/rising?

03-Dec-2025

As of 03-Dec, Trade-Wings Ltd's stock price is rising to Rs. 167.65, reflecting a 4.98% increase. This rise is driven by strong recent performance, a new 52-week high, and positive trading indicators, despite a decline in investor participation.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

With HIgh Debt (Debt-Equity Ratio at 6.73 times)- the company has a Weak Long Term Fundamental Strength

Poor long term growth as Net Sales has grown by an annual rate of -4.20% and Operating profit at 0% over the last 5 years
High Debt Company with a Debt to Equity ratio (avg) at 0 times

Flat results in Sep 25

Risky - Negative EBITDA

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

Travel Services

Market cap

INR 163 Cr (Micro Cap)

P/E

58.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

6.73

Return on Equity

30.65%

Price to Book

87.69

Revenue and Profits:

Net Sales:

67 Cr

(Quarterly Results - Dec 2025)

Net Profit:

1 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

16.66%

6 Months

0.0%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

986.31%

Trade-Wings for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

No Recent News for the Company

Announcements

Closure of Trading Window

20-Mar-2026 | Source : BSE

Pursuant to the Companys Code of Conduct and Schedule B of the SEBI (Prohibiton of Insider Trading) Regulations 2015 including any statutory modifications and re-enactments thereof) we wish to inform that the Trading Window for trading /dealing in securities of the Company shall remain closed for all Insiders including designated persons and their immediate relatives from Wednesday 1st April 2026 until the expiry of 48 hours after the declaration of audited financial results of the Company for the fourth quarter and financial year ended 31st March 2026.

Announcement under Regulation 30 (LODR)-Newspaper Publication

14-Feb-2026 | Source : BSE

The Company has published the extract of the Statement of unaudited financial results for the third quarter ended 31st December 2025 in Times of India and Pudhari newspaper which were approved in the Board meeting held on 12th February 2026.

Board Meeting Outcome for Outcome Of Board Meeting Held On Thursday 12Th February 2026

12-Feb-2026 | Source : BSE

In terms of Regulation 33 and Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015 we would like to inform to you that the meeting of Board of Directors of our Company was held on Thursday12th February 2026 at 9:30 A.M. at the Corporate Office of the Company situated at A-2 Kaveri CHS Plot No.63 Sector 17 Vashi Navi Mumbai - 400705 and concluded at 4:30 P.M. The Board of Directors in the meeting considered and approved the following: 1. Considered and approved the Un-Audited Financial results (Standalone and consolidated) of the Company for the third quarter ended December 2025; 2. Considered and approved the Limited Review Report the third quarter ended December 2025. 3. Considered any other business with the permission of the chair.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

No Splits history available

BONUS

No Bonus history available

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

-4.20%

EBIT Growth (5y)

2.88%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

6.73

Sales to Capital Employed (avg)

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

-32.94%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

87.69

EV to EBIT

-51.81

EV to EBITDA

-60.35

EV to Capital Employed

12.22

EV to Sales

0.83

PEG Ratio

Dividend Yield

ROCE (Latest)

-23.59%

ROE (Latest)

30.65%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bearish

Bollinger Bands

Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

Mildly Bearish

Bullish

OBV

Mildly Bearish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Narayani Hospitality & Academic Institution Private Limited (74.61%)

Highest Public shareholder

Benjo Holdings Pvt Ltd (6.26%)

Individual Investors Holdings

4.3%

Financial

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    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
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        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 4.99% vs -12.57% in Sep 2025",
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        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 300.00% vs 300.00% in Sep 2025",
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        "Dec'25",
        "Sep'25",
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          "val2": "52.95",
          "chgp": "4.99%",
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          "val1": "-0.62",
          "val2": "-1.11",
          "chgp": "44.14%",
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          "field": "Interest",
          "val1": "1.34",
          "val2": "0.75",
          "chgp": "78.67%",
          "chgp_class": "negative"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Standalone Net Profit",
          "val1": "0.08",
          "val2": "0.02",
          "chgp": "300.00%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-1.12%",
          "val2": "-2.10%",
          "chgp": "0.98%",
          "chgp_class": "positive"
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    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
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    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
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        "prefix": "Consolidated Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
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        "Sep'25",
        "Sep'24",
        "Change(%)"
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          "val2": "118.33",
          "chgp": "6.90%",
          "chgp_class": "positive"
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          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-3.35",
          "val2": "-2.80",
          "chgp": "-19.64%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "1.61",
          "val2": "1.38",
          "chgp": "16.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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        {
          "field": "Consolidate Net Profit",
          "val1": "-1.78",
          "val2": "-2.40",
          "chgp": "25.83%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-2.65%",
          "val2": "-2.37%",
          "chgp": "-0.28%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 4.14% vs 705.50% in Dec 2024",
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is -239.02% vs 105.26% in Dec 2024",
        "dir": -1
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    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
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      "body": [
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          "field": "Net Sales",
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          "val2": "185.91",
          "chgp": "4.14%",
          "chgp_class": "positive"
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        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-2.39",
          "val2": "-0.58",
          "chgp": "-312.07%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "3.00",
          "val2": "2.09",
          "chgp": "43.54%",
          "chgp_class": "negative"
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          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Consolidate Net Profit",
          "val1": "-0.57",
          "val2": "0.41",
          "chgp": "-239.02%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-1.23%",
          "val2": "-0.31%",
          "chgp": "-0.92%",
          "chgp_class": "negative"
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  },
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    "link": "annual",
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        "Mar'25",
        "Mar'24",
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          "val2": "3.37",
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          "field": "Interest",
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          "val2": "3.42",
          "chgp": "-13.16%",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

55.59

52.95

4.99%

Operating Profit (PBDIT) excl Other Income

-0.62

-1.11

44.14%

Interest

1.34

0.75

78.67%

Exceptional Items

0.00

Standalone Net Profit

0.08

0.02

300.00%

Operating Profit Margin (Excl OI)

-1.12%

-2.10%

0.98%

Values in Rs Cr.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 4.99% vs -12.57% in Sep 2025

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 300.00% vs 300.00% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Consolidated) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

126.49

118.33

6.90%

Operating Profit (PBDIT) excl Other Income

-3.35

-2.80

-19.64%

Interest

1.61

1.38

16.67%

Exceptional Items

0.00

Consolidate Net Profit

-1.78

-2.40

25.83%

Operating Profit Margin (Excl OI)

-2.65%

-2.37%

-0.28%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

193.61

185.91

4.14%

Operating Profit (PBDIT) excl Other Income

-2.39

-0.58

-312.07%

Interest

3.00

2.09

43.54%

Exceptional Items

0.00

Consolidate Net Profit

-0.57

0.41

-239.02%

Operating Profit Margin (Excl OI)

-1.23%

-0.31%

-0.92%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in nine months ended Dec 2025 is 4.14% vs 705.50% in Dec 2024

Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is -239.02% vs 105.26% in Dec 2024

All Nine Monthly Results

Annual Results Snapshot (Consolidated) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

249.40

242.42

2.88%

Operating Profit (PBDIT) excl Other Income

2.36

3.37

-29.97%

Interest

2.97

3.42

-13.16%

Exceptional Items

0.00

Consolidate Net Profit

3.80

3.11

22.19%

Operating Profit Margin (Excl OI)

0.95%

1.39%

-0.44%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 2.88% vs 546.63% in Mar 2024

Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 22.19% vs 143.02% in Mar 2024

All Annual Results

Company CV

About Trade-Wings Ltd

Trade-Wings Ltd

Micro Cap

Travel Services

Trade-Wings Apparels (TWAL) was incorporated as a private limited company in Jun.'93 and was subsequently converted into a public limited company in Feb.'95. It was promoted by Shailendra Mittal, Sunil Mittal and Sanjay Mittal.TWAL manufactures and deals in jeans, trousers and shirts under the Jordache, US, brand name at its factory in Andheri, Bombay. It has a marketing tie-up with Jeans East (International) [JEIL], an associate company.

Company Coordinates

Company Details

1st Floor Naik Building, Opp Don Bosco School M G Road Panaji Goa : 403001

Tel: 91-832-42309420/42309455

http://www.tradewings.in

companysecy@twltravel.com

Registrar Details

Bigshare Services Pvt Ltd , E-2 , Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai

Name: MOJO Markets Private Limited (Research Entity) (SEBI Registration No. INH000021942) (CIN:U74900MH2015PTC264951)

Registered & Correspondence Address: Benefice Business House, Office No. 3B, 3rd Floor, C.S. 242, Mathuradas Mills Estate, N.M. Joshi Marg, Tulsi Pipe Road, Lower Parel West, Mumbai- 400013

For queries or grievances, please contact us on support@mojoinfinity.com, Phone : 022-35121239

"Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors."