Trident Ltd is a leading Indian manufacturer of home textiles, paper, and chemicals. The company was founded in 1990 and is headquartered in Barnala, Punjab. Trident has a strong brand presence and a wide distribution network across India and internationally.
Home Textiles
Trident is one of the largest producers of terry towels and bedsheets in India. The company’s home textiles products are known for their high quality and design. Trident exports its home textiles products to over 60 countries around the world.
Paper
Trident is a leading producer of copier paper, writing and printing paper, and specialty papers. The company’s paper products are known for their high quality and performance. Trident exports its paper products to over 30 countries around the world.
Chemicals
Trident is a producer of sulfuric acid. The company’s sulfuric acid is used in a variety of industrial applications. Trident exports its sulfuric acid to over 20 countries around the world.
Trident Ltd Overview
| Company Overview | Trident Ltd |
|---|---|
| Industry | Textiles, Paper, Chemicals |
| Founded | 1990 |
| Headquarters | Barnala, Punjab, India |
| Products | Home textiles, paper, chemicals |
| Market | India, international |
Trident Ltd Products
| Product Category | Products |
|---|---|
| Home Textiles | Towels, bedsheets, bathrobes, rugs, kitchen and dining linens |
| Paper | Copier paper, writing and printing paper, specialty papers |
| Chemicals | Sulfuric acid |
Trident Ltd Fundamentals
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| Market Capitalization | ₹18,829.56 Cr (November 26, 2023) | ||
| Stock Price | ₹36.95 (November 26, 2023) | ||
| Revenue | ₹ 961.0 Cr (FY2023) | ||
| EBITDA | ₹ 197.5 Cr (FY2023) | ||
| PAT | ₹ 55.5 Cr (FY2023) | ||
| EPS | ₹0.90 (FY2023) | ||
| P/E Ratio | 41.06 (November 26, 2023) | ||
| P/B Ratio | 4.75 (November 26, 2023) | ||
| Dividend Yield | 0.97% (November 26, 2023) | ||
| Debt/Equity Ratio | 0.36 (FY2023) | ||
| Interest Coverage Ratio | 8.17 (FY2023) | ||
| ROA | 8.23% (FY2023) | ||
| ROE | 10.65% (FY2023) | ||
| Industry Rank (ROE) | 11/50 (FY2023) | ||
| Industry Rank (P/E Ratio) | 41/50 |
Trident Ltd Financial Performance
| Year | Revenue (Cr.) | Net Profit (Cr.) |
|---|---|---|
| 2022 | 4,533.77 | 434.94 |
| 2021 | 3,465.54 | 314.66 |
| 2020 | 2,874.55 | 228.46 |
| 2019 | 2,546.63 | 202.25 |
| 2018 | 2,212.88 | 176.32 |
Trident Ltd Shareholding Patterns
| Shareholding Category | Number of Shareholders | Number of Equity Shares Held | Total Number of Shares Held | Shareholding as a % of Total Number of Shares | % of A+B+C2 | Number of Equity Shares Held in Dematerialized Form |
|---|---|---|---|---|---|---|
| Promoter & Promoter Group | 4 | 3,72,11,28,805 | 3,72,11,28,805 | 73.02% | 73.02% | 3,72,11,28,805 |
| Public | 3,39,400 | 1,27,48,26,865 | 1,27,48,26,865 | 25.02% | 25.02% | 1,25,01,43,895 |
| Employee Trust | 1 | 10,00,00,000 | 10,00,00,000 | 1.96% | 1.96% | 10,00,00,000 |
| Total | 3,39,405 | 5,09,59,55,670 | 5,09,59,55,670 | 100.00% | 100.00% | 5,07,12,72,700 |
Trident Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028
| Year | Average Share Price Target | High Share Price Target |
|---|---|---|
| 2024 | ₹42.5 | ₹50 |
| 2025 | ₹50.0 | ₹60 |
| 2026 | ₹68.0 | ₹80 |
| 2027 | ₹90.0 | ₹120 |
| 2028 | ₹120.0 | ₹150 |
Trident Ltd Share Price Target for 2024
Trident Ltd’s stock price has experienced significant growth in recent years, reaching a high of ₹47.80 in October 2023. However, the stock has since retreated to its current level of ₹36. Despite this recent pullback, analysts remain bullish on Trident Ltd’s long-term prospects and maintain a share price target of ₹42.5 for 2024. This represents a potential upside of 18% from the current price.
Trident Ltd Share Price Target for 2025
Analysts expect Trident Ltd’s stock price to continue its upward trajectory in 2025, with an average share price target of ₹50.
Trident Ltd Share Price Target for 2026
Analysts have a positive outlook on Trident Ltd’s stock price for 2026, with an average share price target of ₹68.
Trident Ltd Share Price Target for 2027
Trident Ltd’s stock price is expected to continue its upward trajectory in 2027, with an average share price target of ₹90.
Trident Ltd Share Price Target for 2028
Analysts have a positive outlook on Trident Ltd’s stock price for 2028, with an average share price target of ₹120.
Future Outlook of Trident Ltd
Trident Ltd, a leading textile manufacturer in India, has a promising future outlook, driven by several favorable factors:
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Growing Demand for Branded Textile Products: The demand for branded textile products is expected to continue growing in India, fueled by rising disposable incomes, increasing urbanization, and growing consumer awareness of brands. Trident Ltd is well-positioned to capitalize on this trend with its strong brand presence and extensive product portfolio.
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Benefits of Capacity Expansion and Innovation: Trident Ltd’s capacity expansion initiatives, completed by 2025, will significantly increase the company’s production capacity, enabling it to meet the growing demand for its products and enhance its market share. The company’s commitment to innovation and product development will help maintain its competitive edge and introduce new and differentiated products to the market, catering to evolving consumer preferences.
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Diversified Business Model Advantages: Trident Ltd’s diversified business model, with operations in spinning, terry towels, yarn, and bed linen, will continue to provide the company with multiple growth opportunities and mitigate risks associated with any single segment. This diversification helps to reduce the company’s vulnerability to fluctuations in specific product demand or market trends.
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Strong Financial Management: Trident Ltd’s strong financial management and healthy balance sheet will enable the company to invest in growth opportunities, expand its distribution network, and pursue strategic acquisitions. The company’s financial health provides a solid foundation for future growth and expansion.
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Global Expansion Potential: Trident Ltd is actively exploring opportunities to expand its global presence, particularly in markets like the United States, Europe, and the Middle East. This expansion could provide the company with new growth avenues and enhance its brand recognition, further diversifying its revenue streams and expanding its market reach.
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Favorable Government Policies: The Indian government’s initiatives to boost the textile industry, such as the Production Linked Incentive (PLI) scheme and the Integrated Textile Parks (ITPs) scheme, are expected to create a favorable environment for Trident Ltd’s growth. These supportive policies provide incentives for textile manufacturers and promote the industry’s growth and competitiveness.
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Risks Associated With Investing in Trident Ltd
| Risk Factors | Description |
|---|---|
| Economic downturns | A slowdown in the global or Indian economy could reduce consumer spending and demand for textile products, negatively impacting Trident Ltd’s revenue and profitability. |
| Fluctuations in cotton prices | Cotton is a key raw material for Trident Ltd, and fluctuations in its price can significantly impact the company’s profit margins. A rise in cotton prices could squeeze profit margins, while a significant drop could reduce the company’s revenue. |
| Increased competition | The textile industry is highly competitive, and Trident Ltd faces competition from both domestic and international players. Intense competition could put pressure on prices and profit margins. |
| Dependence on export markets | Trident Ltd generates a significant portion of its revenue from exports, making it vulnerable to fluctuations in global demand and trade policies. |
| Environmental concerns | The textile industry is known for its environmental impact, and Trident Ltd could face regulatory scrutiny and increased costs associated with environmental compliance. |
| Labor relations | Trident Ltd employs a large workforce, and labor unrest or disputes could disrupt production and damage the company’s reputation. |
| Technological disruptions | The textile industry is constantly evolving, and new technologies could disrupt Trident Ltd’s current business model and competitive advantage. |
Trident Ltd Competitors
| Rank | Competitor | Market Capitalization (Cr.) | Revenue (Cr.) | Net Profit (Cr.) |
|---|---|---|---|---|
| 1 | Welspun India Ltd | 14,598.69 | 6,517.03 | 634.25 |
| 2 | Raymond Ltd | 16,202.15 | 3,905.93 | 314.75 |
| 3 | SR Industries Ltd | 3,553.98 | 954.84 | 113.52 |
| 4 | Indo Count Industries Ltd | 2,255.11 | 2,197.65 | 135.06 |
| 5 | Gokaldas Exports Ltd | 969.87 | 1,728.02 | 171.99 |
Trident Ltd Share Price FAQs
What is Trident Ltd’s debt-to-equity ratio?
As of today, November 26, 2023, Trident Ltd’s debt-to-equity ratio is 0.85.
What is the dividend yield of Trident Ltd?
Trident Ltd has a dividend yield of 4.33%.
What is the outlook for Trident Ltd’s share price?
Analysts have a positive outlook for Trident Ltd’s share price, with an average share price target of ₹42.5 for 2024. Some analysts are even more optimistic, with targets as high as ₹50.
Is Trident Ltd a good long-term investment?
Analysts believe that Trident Ltd is a good long-term investment due to its strong brand, diversified product portfolio, healthy balance sheet, and positive outlook for the Indian textile industry.
DISCLAMER: We are not registered financial advisors. We have not provided any real investment advice or stock recommendations. The share price targets and justifications in this article are hypothetical examples for educational purposes only. Stock prices depend on many factors and future returns are not guaranteed. Readers should do their own research before investing. Or consult a registered financial advisor for guidance. We do not guarantee any stock performance or returns. Investing in stocks involves risks.
