Established in 1990, Trident Ltd has emerged as a prominent player in manufacturing and trading within the textile and paper industries. With a diversified portfolio encompassing Yarn, Terry Towels & Bed sheets, and Paper & Chemicals, Trident Ltd has carved a niche for itself through innovation and quality.
This article delves into the comprehensive facets of Trident Ltd, exploring its growth trajectory, market presence, product offerings, and the strategies that have propelled it to prominence in the global market. Join us as we uncover the journey and achievements of Trident Ltd in this detailed exploration of the company.
About Trident Ltd
Trident Ltd boasts a robust product profile spanning Yarn, Home Textiles, Paper, and Chemicals. In the realm of Yarn, the company offers a diverse range including 100% cotton combed yarn, Slub yarn, and Blended yarn, catering to various textile applications. Their Home Textiles segment encompasses an array of products such as Comforters, Solid Printed Sheets, and Decorative Pillows, contributing to their comprehensive offerings in the textile industry.
Additionally, Trident Ltd is a significant player in the Paper sector with products like Branded copiers and Maplitho paper, serving both commercial and specialty printing needs. In the Chemicals domain, Trident Ltd stands out as North India’s largest manufacturer of commercial and battery-grade sulphuric acid, underscoring its strength in chemical production. With manufacturing facilities strategically located in Punjab and Madhya Pradesh, Trident Ltd operates with substantial capacity across its divisions, bolstered by captive power plants ensuring efficient operations and sustainable growth.
Trident Ltd Faces 54.8% Profit Plunge in Q4 FY24; Declares 36% Dividend Amidst Market Volatility
- Net Profit: Declined sharply by 54.8% year-on-year to Rs 59 crore from Rs 130.6 crore in Q4 FY23.
- Revenue: Increased by 7% to Rs 1,682 crore compared to Rs 1,573 crore in Q4 FY23.
- Ebitda (Operating Profit): Decreased by 23.5% year-on-year to Rs 205 crore from Rs 268 crore in Q4 FY23.
- Ebitda Margin: Contracted by 480 basis points to 12.2% from 17% in Q4 FY23.
- Dividend: Declared a first interim dividend of Rs 0.36 per share for FY25.
- Fundraising: The board approved raising Rs 500 crore via Non-Convertible Debentures (NCDs).
- Stock Performance: Declined by 8.93% to Rs 36.91 per share following the weak Q4 results.
- Market Capitalization: Stands at Rs 19,441.07 crore as per BSE data.
- Trading: As of mid-day, shares were trading 5.87% lower at Rs 38.15 per share, underperforming the marginally higher Sensex.
Below are the trading platforms that you can use to purchase Trident shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 42.55 | 37.00 |
| July 2024 | 42.13 | 36.63 |
| August 2024 | 43.81 | 38.10 |
| September 2024 | 45.56 | 39.62 |
| October 2024 | 44.67 | 38.84 |
| November 2024 | 46.01 | 40.01 |
| December 2024 | 47.16 | 41.01 |
Trident Ltd’s share price projections for the latter half of 2024 indicate potential fluctuations within a defined range. Starting from June, where the stock is expected to range between ₹37.00 and ₹42.55, the targets show a gradual increase through the year, reaching highs of ₹47.16 in December.
Currently priced at ₹39.4 as of June 15th, 2024, with a market capitalization of ₹20,073 crore, Trident’s stock has seen volatility, reflecting a 52-week range from ₹31.6 to ₹52.9. The stock’s P/E ratio stands at 57.5, with a book value of ₹8.47. Despite a modest dividend yield of 0.91%, Trident demonstrates a Return on Capital Employed (ROCE) of 10.5% and Return on Equity (ROE) of 8.21%, underpinning its financial performance amidst market dynamics.
| When | Maximum Price | Minimum Price |
| January 2025 | 48.10 | 37.00 |
| February 2025 | 49.34 | 37.95 |
| March 2025 | 51.26 | 39.43 |
| April 2025 | 50.26 | 38.66 |
| May 2025 | 48.79 | 37.53 |
| June 2025 | 50.99 | 39.22 |
| July 2025 | 49.99 | 38.45 |
| August 2025 | 51.53 | 39.64 |
| September 2025 | 53.34 | 41.03 |
| October 2025 | 54.73 | 42.10 |
| November 2025 | 56.09 | 43.15 |
| December 2025 | 57.50 | 44.23 |
Trident Ltd’s projected share price targets for 2025 show a positive trajectory with anticipated fluctuations. Starting from January with a range of ₹37.00 to ₹48.10, the stock is expected to reach highs of ₹57.50 by December. This upward trend reflects market optimism and potential growth drivers.
Additionally, Trident Ltd has strategically planned a capex of Rs. 21.16 billion from FY22 to FY25, aimed at significantly boosting capacities across its yarns, sheeting, towel, chemicals, and power segments. This expansion, supported by favorable state interest subsidies on term loans, underscores Trident’s proactive approach to enhancing operational capabilities and meeting growing market demands.
| When | Maximum Price | Minimum Price |
| January 2026 | 59.22 | 45.55 |
| February 2026 | 60.74 | 46.72 |
| March 2026 | 63.11 | 48.54 |
| April 2026 | 61.87 | 47.59 |
| May 2026 | 60.07 | 46.21 |
| June 2026 | 62.77 | 48.29 |
| July 2026 | 61.54 | 47.34 |
| August 2026 | 63.44 | 48.80 |
| September 2026 | 65.66 | 50.51 |
| October 2026 | 67.37 | 51.82 |
| November 2026 | 69.06 | 53.12 |
| December 2026 | 70.78 | 54.45 |
Trident Ltd’s share price targets for 2026 indicate a continued bullish trend, with projected maximum prices ranging from ₹59.22 in January to ₹70.78 in December, and minimum prices from ₹45.55 to ₹54.45 over the same period. These forecasts reflect optimism in market sentiment and potential growth opportunities. In FY22, Trident’s revenue was primarily driven by the sale of manufactured goods, predominantly textiles contributing approximately 77%, followed by paper and chemicals at 14%.
Geographically, the company derived 32% of its revenue from India, 44% from the USA, and 24% from the rest of the world, underscoring its global market presence and diversified revenue streams across key segments and regions.
| When | Maximum Price | Minimum Price |
| January 2027 | 72.20 | 55.54 |
| February 2027 | 74.05 | 56.96 |
| March 2027 | 76.94 | 59.18 |
| April 2027 | 75.43 | 58.02 |
| May 2027 | 73.23 | 56.33 |
| June 2027 | 76.53 | 58.87 |
| July 2027 | 75.03 | 57.71 |
| August 2027 | 77.35 | 59.50 |
| September 2027 | 80.05 | 61.58 |
| October 2027 | 82.14 | 63.18 |
| November 2027 | 84.19 | 64.76 |
| December 2027 | 86.29 | 66.38 |
Trident Ltd’s share price targets for 2027 demonstrate a robust growth outlook, with projected maximum prices ranging from ₹72.20 in January to ₹86.29 in December, and minimum prices from ₹55.54 to ₹66.38 throughout the year. These forecasts underscore strong market optimism and potential investor confidence in Trident’s strategic initiatives and market positioning. The company’s clientele includes major global entities such as Target Global Sourcing Ltd, Wal-Mart Stores Inc., IKEA Supply AG, and Amazon Inc, highlighting its significant presence in the home textiles segment.
Trident holds leadership positions as the world’s largest manufacturer of terry towels, the largest wheat straw-based paper manufacturer globally, and a key provider of bath linen in the US market. With forward and backward integration across operations, Trident stands out as the second-largest player in home textiles and the third-largest yarn manufacturer in India.
| When | Maximum Price | Minimum Price |
| January 2028 | 88.02 | 67.71 |
| February 2028 | 90.28 | 69.44 |
| March 2028 | 93.80 | 72.15 |
| April 2028 | 91.96 | 70.74 |
| May 2028 | 89.28 | 68.68 |
| June 2028 | 93.30 | 71.77 |
| July 2028 | 91.47 | 70.36 |
| August 2028 | 94.30 | 72.54 |
| September 2028 | 97.60 | 75.08 |
| October 2028 | 100.14 | 77.03 |
| November 2028 | 102.64 | 78.95 |
| December 2028 | 105.20 | 80.93 |
- January 2028: ₹67.71 (Minimum)
- December 2028: ₹105.20 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2029 | 107.31 | 82.55 |
| February 2029 | 110.06 | 84.66 |
| March 2029 | 114.35 | 87.96 |
| April 2029 | 112.11 | 86.24 |
| May 2029 | 108.84 | 83.73 |
| June 2029 | 113.74 | 87.49 |
| July 2029 | 111.51 | 85.78 |
| August 2029 | 114.96 | 88.43 |
| September 2029 | 118.99 | 91.53 |
| October 2029 | 122.08 | 93.91 |
| November 2029 | 125.13 | 96.25 |
| December 2029 | 128.26 | 98.66 |
- January 2029: ₹82.55(Minimum)
- December 2029: ₹128.26 (Maximum)
| When | Maximum Price | Minimum Price |
| January 2030 | 130.82 | 100.63 |
| February 2030 | 134.18 | 103.21 |
| March 2030 | 139.41 | 107.24 |
| April 2030 | 136.68 | 105.14 |
| May 2030 | 132.70 | 102.07 |
| June 2030 | 138.67 | 106.67 |
| July 2030 | 135.95 | 104.58 |
| August 2030 | 140.15 | 107.81 |
| September 2030 | 145.06 | 111.58 |
| October 2030 | 148.83 | 114.49 |
| November 2030 | 152.55 | 117.35 |
| December 2030 | 156.37 | 120.28 |
- January 2030: ₹100.63 (Minimum)
- December 2030: ₹156.37 (Maximum)
Financial Condition of Trident: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Sales (Rs. Crores) | 5,249 | 4,728 | 4,531 | 6,998 | 6,332 | 6,809 |
| Expenses (Rs. Crores) | 4,266 | 3,882 | 3,705 | 5,478 | 5,386 | 5,869 |
| Operating Profit (Rs. Crores) | 983 | 846 | 826 | 1,520 | 947 | 940 |
| OPM % | 19% | 18% | 18% | 22% | 15% | 14% |
| Other Income (Rs. Crores) | 44 | 20 | -18 | 16 | 25 | 58 |
| Interest (Rs. Crores) | 112 | 111 | 72 | 86 | 80 | 156 |
| Depreciation (Rs. Crores) | 364 | 334 | 337 | 333 | 313 | 365 |
| Profit Before Tax (Rs. Crores) | 550 | 421 | 398 | 1,116 | 579 | 477 |
| Tax % | 32% | 19% | 24% | 25% | 24% | 27% |
| Net Profit (Rs. Crores) | 372 | 340 | 304 | 834 | 442 | 350 |
| EPS (Rs.) | 0.73 | 0.67 | 0.60 | 1.64 | 0.86 | 0.69 |
| Dividend Payout % | 40% | 53% | 60% | 22% | 42% | 52% |
- Over the past five years, Trident Ltd has shown variable financial performance amidst market fluctuations.
- Sales grew from Rs. 4,728 crores in 2020 to Rs. 6,809 crores in 2024, indicating recovery and expansion.
- Expenses also increased, reflecting operational challenges and market pressures.
- Operating profit peaked at Rs. 1,520 crores in 2022, driven by improved efficiencies despite lower margins in recent years.
- Net profit fluctuated significantly, declining from Rs. 834 crores in 2022 to Rs. 350 crores in 2024, impacted by higher interest and depreciation costs.
- Dividend payout remained between 40% and 52%, underscoring commitment to shareholders amid varying profitability.
FAQs
What is Trident Ltd’s current market capitalization?
Trident Ltd currently holds a market capitalization of approximately ₹19,441.07 crore according to BSE data.
As of June 15th, 2024, Trident Ltd’s shares are trading at ₹39.4.
Trident Ltd aims for its share price to range between ₹37.00 and ₹57.50 in 2025.
Trident Ltd projects its share price to range from ₹100.63 to ₹156.37 by 2030.
What is Trident Ltd’s current P/E (Price-to-Earnings) ratio?
Trident Ltd’s current P/E ratio stands at 57.5.
How much dividend does Trident Ltd pay?
Trident Ltd has consistently paid dividends, ranging between 40% and 52% in recent years, reflecting its commitment to shareholders.
What is Trident Ltd’s revenue breakdown by segment as of FY22?
In FY22, Trident Ltd derived a substantial 77% of its revenue from textiles, 13% from paper, and 1% from chemicals, with additional revenue from other sources including export incentives.
How has Trident Ltd’s net profit evolved over the last five years?
Trident Ltd’s net profit has shown variability, reaching ₹834 crores in 2022 and ₹350 crores in 2024, influenced by market dynamics and strategic investments.
What is Trident Ltd’s strategy for growth and expansion?
Trident Ltd is strategically investing ₹21.16 billion from FY22 to FY25 to expand capacities across its yarns, sheeting, towel, chemicals, and power segments, aiming for sustainable growth and enhanced market leadership.
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Conclusion: Trident Ltd’s Path Forward Amidst Challenges and Growth Prospects
Trident Ltd, established in 1990, has solidified its position as a leader in the textile and paper industries through innovation and quality. With a diverse product portfolio spanning yarn, home textiles, paper, and chemicals, Trident has leveraged its robust manufacturing capabilities across strategically located facilities in Punjab and Madhya Pradesh. Despite recent challenges reflected in a 54.8% decline in Q4 FY24 net profit, Trident remains resilient with a forward-looking approach. The company’s revenue streams are well-diversified geographically, with significant contributions from India, the USA, and other global markets.
Looking ahead, Trident Ltd’s ambitious growth strategy involves substantial investments totaling ₹21.16 billion from FY22 to FY25, aimed at expanding capacities across key segments. While maintaining a healthy dividend payout of 38.7%, Trident faces areas for improvement, including a modest 5.34% sales growth over the past five years and a lower return on equity averaging 13.7% in the last three years. However, with projected share price targets reflecting optimism, Trident Ltd is poised to capitalize on market opportunities and sustain its leadership in the global marketplace through strategic initiatives and operational efficiencies.
What did we learn?
- 1 About Trident Ltd
- 2 Trident Ltd Faces 54.8% Profit Plunge in Q4 FY24; Declares 36% Dividend Amidst Market Volatility
- 3 How to Purchase Trident Shares in India?
- 4 Trident Share Price Prediction: 2024 – 2030
- 5 Financial Condition of Trident: Last 5 Years
- 6 FAQs
- 6.1 What is Trident Ltd’s current market capitalization?
- 6.2 What is Trident Ltd’s current share price?
- 6.3 What is Trident Ltd’s share price target for 2025?
- 6.4 What is Trident Ltd’s share price target for 2030?
- 6.5 What is Trident Ltd’s current P/E (Price-to-Earnings) ratio?
- 6.6 How much dividend does Trident Ltd pay?
- 6.7 What is Trident Ltd’s revenue breakdown by segment as of FY22?
- 6.8 How has Trident Ltd’s net profit evolved over the last five years?
- 6.9 What is Trident Ltd’s strategy for growth and expansion?
- 7 Conclusion: Trident Ltd’s Path Forward Amidst Challenges and Growth Prospects
