Multibagger Alert: Rs 1 lakh invested in this stock is worth Rs 5.25 lakh in one year

Trident Ltd has become a multibagger in a year delivering over 425% return.

Trident Ltd, a mid-size S&P BSE 500 company that is primarily engaged in the textile business, has been a firecracker in shareholders’ portfolios, as it has multiplied wealth by more than 5.25 times. If you had invested Rs 1 lakh in the stock on November 9, 2020, when the stock was trading at just Rs 7.55, it would have been worth Rs 5.25 lakh as of November 8, 2021. The stock is currently trading at Rs 40 as of 12:20 pm on the BSE. The huge jump in the stock has made it one of the buzzing stocks of the year.

The quarterly results of the company for the September end came in strong. This multibagger stock has reported revenue growth consecutively for the last five quarters. The consolidated net sales jumped by 14% sequentially and 44% on a YoY basis to Rs 1692 crore. Its business segments are witnessing good traction. The EBITDA too witnessed a sequential rise of 7.2% and 76% YoY to reach Rs 405 crore. The net profit soared to Rs 234.6 crore which increased by 13.4% QoQ and 123% YoY. The multibagger stock has also rewarded its shareholders with a dividend yield of 0.91%. The ROE of the company stood at 9.57% and the ROCE stood at 9.55%. It has an adequate debt level in its books, with the debt/equity ratio standing at 0.46.

Going ahead, the company has aimed to achieve revenue of Rs 25,000 crore by 2025 (which in FY21 stood at Rs 4,531 crore), with a 12% growth in the bottom line.

Trident Ltd is a flagship company of the Trident Group, which is a vertically integrated textile and paper manufacturer and is one of the largest players in the home textile space in India. The stock has a 52-week high of Rs 43.35 and a 52-week low of Rs 7.23.