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TRIDENT

Trident Ltd Share Price

₹37.25

Score

29

Technically Bearish

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Trident Share Price - 1 Year Trend

Trident Price Change Analysis

Trident Key Statistics
  • P/E Ratio

    23.1

  • PEG Ratio

    0.1

  • Market Cap Cr

    18982.4

  • Price to Book Ratio

    7.5

  • EPS

    1.6

  • Dividend

    36 ()

  • Relative Strength Index

    32.2

  • Money Flow Index

    35.54

  • MACD Signal

    -2.75

  • Average True Range

    2.13

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Trident Synopsis

NSE-Apparel-Clothing Mfg

Trident Ltd. is involved in the business activities of Spinning, weaving and finishing of textiles. Company’s Total Operating Revenue is Rs. 4519.29 Cr. and Equity Capital is Rs. 509.60 Cr. for the Year ended 31/03/2021. Trident Ltd. is a Public Limited Listed company incorporated on 18/04/1990 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L99999PB1990PLC010307 and registration number is 010307.
  • Market Cap

    18,982.44

  • Sales

    6,944.38

  • Shares in Float

    137.59

  • No of Funds

    136

  • Yield

    1.93

  • Book Value

    5

  • U/D Vol Ratio

    0.6

  • LTDebt/Equity

    8

  • Alpha

    0.38

  • Beta

    1.08

Trident Ownership
Trident Management

Trident Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

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About Company

Trident Ltd is the flagship brand of the Trident group, which is valued at USD 1 billion. It is headquartered in Ludhiana. Entrepreneur Padma Shri Rajinder Gupta founded Trident Group. It was established in April 1990 with a single unit to produce high-quality yarn. Under the appropriate guidance of its founder Mr Rajinder Gupta, it has become the largest manufacturer of terry towels and home textiles in the world. In addition, Trident Ltd has continued to grow and diversified into other niches like paper manufacturing, chemical production, energy, and more.

Trident Ltd tirelessly works to give the best products to its customers and a seamless experience to its stakeholders and employees. They believe in some core philosophy that has shaped the company into a leading business conglomerate in India: teamwork, honesty, integrity, continuous growth and development, and customer satisfaction. Trident Ltd believes in preserving nature while producing top-notch products, and hence they have incorporated sustainable alternatives to manufacturing while saving resources and energy.

This philosophy has led them to manufacture environmentally friendly products like paper made from wheat straw, an agricultural remnant. This saves 5000 trees every day, and they are making conscious choices every day, like choosing suitable raw materials to reduce the carbon footprint. Trident aims to achieve a revenue of INR 25000 crores by 2025. Trident Ltd strives to embrace future trends and technologies, and hence they have equipped their factories and employees with state-of-the-art facilities to be future-ready.

Today, from its humble beginnings in Punjab, it exports products to over 75 countries worldwide. It is also the top producer of yarn in India, and today Trident Ltd has made its way into millions of homes across the globe through its home textiles and other diverse products. The Indian government and other organizations have acknowledged and appreciated their eco-friendly vision for the company. They have also been felicitated with several awards like National Energy Conservation Award, Indian Exporters' Excellence Awards, FIEO Export Excellence Award, and Excellence in Energy Management.

Company History

Since 2019, Trident has had two subsidiaries: Trident Global Corp Limited and Trident Europe Limited. Trident Global Corp Ltd controls the retail operations of the company. Trident Europe Ltd helps build the brand's presence in the East and has opened the way to European markets.

Trident Ltd was previously known as Abhishek Industries Ltd, but the name was changed in 2011. Trident Yarn began in 1993, in Punjab, with a modest beginning of 17,280 spindles. Today, Trident has 6.2 lakh spindles with state-of-the-art manufacturing facilities, which produce 390 MTs of yarn per day. They have yarn manufacturing units in Sanghera (Punjab) and Budhni (Madhya Pradesh), which produce melange, cotton, and acrylic yarn.

In 1999, Abhishek Spinfab Corporation Ltd, which could produce 4767 TPA of cotton yarn and manufacture 3032 TPA of terry towel, was assimilated into Abhishek Industries Ltd. In 2002, Varinder Agro Chemicals Ltd, a producer of sulphuric acid and paper, merged with the company. In 2003, the company launched a massive INR 3000 million expansion in textiles. The spinning units were modernized, and eventually, Trident Ltd became one of the top five manufacturers in the world.

In 2014, Trident established the world's most significant terry towel production unit and inaugurated their composite textile project. With innovations and expansions, Trident Ltd, in 2015, branched into bed-linen production at Budhni, Madhya Pradesh. Trident Ltd is the largest supplier of top-quality copier paper used for printing and publishing in India. It is India's first industry to produce paper from wheat straw. Trident Ltd uses eco-friendly lime kiln burners, believing that nature comes first. Today, Trident can produce 175,000 TPA of paper, but it aims to manufacture 200,000 TPA soon.

Trident's borosilicate glass manufacturing plant facilitates the production of superior quality sulphuric acid in India on a more efficient and more extensive scale. This sulphuric acid manufacturing plant was initially part of Varinder Agro Chemicals Ltd and was set up at Sanghera. This was shifted to Dhaula in 1997, and the production capacity was more than doubled to 275 TPD. Today, Trident Ltd can produce 310 MT per day. It is also the largest manufacturing plant that produces 33 MT LR grade sulphuric acid per day.

Trident Ltd works to preserve our environment and leave behind a better Earth for future generations. Therefore, sustainability is one of the core values of the company. They harness rainwater, use agricultural residue as raw materials, produce organic yarn, and try to preserve resources and energy every step of the way. For example, they follow a zero liquid discharge facility at their textile production units, a benchmark policy to protect the environment.

In keeping with the eco-friendly vision, the next logical step was to set up their power plant to meet their energy requirements. They use the waste they generate like black liquor, biomass, other by-products, and coal to create high-pressure steam that produces power. They started with an initial capacity of 9.4 MW and today produces about 50 MW of power. Thus, Trident Ltd has continuously honed technological advancements to become a company of the future.

News

FAQs

Bed and Bath Linen contributed more than 50% of the Total Revenue in H1 FY19 which stands at INR 1264 crores.

For hedging export receivables, forward covers are taken for a maturity up to 6-12 months. The hedging strategy division wise is as under: • Terry Towel Division: Hedging is done on monthly ro Terry Towel Division lling basis at 40%-60% of sales replenishment. • Yarn/ Paper division: Hedging is done on order to o Yarn/ Paper division rder basis. Whenever any order is confirmed, it is hedged by forward cover.

Trident Ltd is a conglomerate of diverse businesses. It manufactures bed linen, terry towels, wheat straw-based copier paper, chemicals like sulphuric acid, and even has its power plant. 

Trident Ltd is a mid-cap company with a market cap of Rs. 27,135.96 Cr. 

Trident Ltd is an Indian company established in 1990 and headquartered in Ludhiana, Punjab.

Trident share price is ₹37 As on 25 June, 2022 | 12:35
The Market Cap of Trident is ₹18982.4 As on 25 June, 2022 | 12:35
The P/E ratio of Trident is 22.8 As on 25 June, 2022 | 12:35
The PB ratio of Trident is 4.9 As on 25 June, 2022 | 12:35
The 52 week High & Low of Trident is ₹70.35/₹16.2 respectively As on 25 June, 2022 | 12:35
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