Can Trident become a multibagger stock in 2 years?
To become a multi-bagger at least one of the conditions (listed conditions not exhaustive) should be satisfied:
1/ The stock is trading at a very cheap valuation.
2/ A lot of growth can happen with good ROIC.
We see that neither of the conditions appears to be met. The stock is expensive and the returns are abysmal.
Using the Simple Valuation tool at MarginValue, I have calculated the fair value of Trident, the margin of safety, and the probability that the stock will trade above the valuation given under the margin of safety. You can attempt your own valuation.
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What about the latest results of Trident: Trident Standalone September 2020 Net Sales at Rs 1,171.44 crore, down 11.31% Y-o-Y