TRIDENT

TRIDENT

Mid Cap BSE: 521064 NSE: TRIDENT
₹37.6
0.25 (0.67%)
As on 14 August, 2022 | 11:37

Trident Share Price

Trident Performance

Day Range

  • Low
  • High

52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

Trident Share Returns

  • Over 1 Month -0.27%
  • Over 3 Month -17.99%
  • Over 6 Month -33.8%
  • Over 1 Year 83.86%

Trident Key Statistics

P/E Ratio 25.3
PEG Ratio 0.5
Market Cap Cr 19,161
Price to Book Ratio 5
EPS 1.6
Dividend 1
Relative Strength Index 42.2
Money Flow Index 62.4
MACD Signal -0.17
Average True Range 1.85

Trident Investment Rating

  • Master Rating:
  • Trident has an operating revenue of Rs. 7,221.35 Cr. on a trailing 12-month basis. An annual revenue growth of 54% is outstanding, Pre-tax margin of 16% is great, ROE of 21% is exceptional. The company has a reasonable debt to equity of 8%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 74 which is a FAIR score but needs to improve its earnings, a RS Rating of 44 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C- which is evident from recent supply seen, Group Rank of 118 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Trident Financials
  • Indicator
  • Jun 2022
  • Mar 2022
  • Dec 2021
  • Sep 2021
  • Jun 2021
  • Mar 2021
  • Oper Rev Qtr Cr
  • 1,667
  • 1,847
  • 1,958
  • 1,663
  • 1,477
  • 1,350
  • Operating Expenses Qtr Cr
  • 1,413
  • 1,520
  • 1,555
  • 1,260
  • 1,097
  • 1,114
  • Operating Profit Qtr Cr
  • 254
  • 328
  • 403
  • 403
  • 380
  • 236
  • Depreciation Qtr Cr
  • 76
  • 81
  • 78
  • 87
  • 87
  • 88
  • Interest Qtr Cr
  • 18
  • 18
  • 22
  • 20
  • 25
  • 23
  • Tax Qtr Cr
  • 41
  • 61
  • 72
  • 78
  • 67
  • 21
  • Net Profit Qtr Cr
  • 124
  • 174
  • 209
  • 229
  • 204
  • 76

Trident Technicals

EMA & SMA

Current Price
37.6
0.25 (0.67%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 16
  • 20 Day
  • 39.07
  • 50 Day
  • 40.6
  • 100 Day
  • 43.57
  • 200 Day
  • 48.76
  • 20 Day
  • 39.25
  • 50 Day
  • 39.41
  • 100 Day
  • 45.25
  • 200 Day
  • 48.86

Trident Resistance and Support

PIVOT
₹37.57
Resistance
  • First Resistance
  • 38.09
  • Second Resistance
  • 38.82
  • Third Resistance
  • 39.34
Support
  • First Resistance
  • 36.84
  • Second Resistance
  • 36.32
  • Third Resistance
  • 35.59
  • RSI
  • 42.2
  • MFI
  • 62.4
  • MACD Single Line
  • -0.17
  • MACD
  • -0.31

Trident Delivery and Volume

  • Period
  • NSE + BSE
    Volume Avg
  • NSE + BSE
    Delivery Volume Avg
  • NSE + BSE
    Delivery Volume %
  • Day
  • 9,051,309
  • 422,424,591
  • 46.67
  • Week
  • 13,100,008
  • 625,787,358
  • 47.77
  • 1 Month
  • 10,866,171
  • 556,999,908
  • 51.26
  • 6 Month
  • 7,178,028
  • 499,949,627
  • 69.65

Trident Result Highlights

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. 6919.18 Cr. and Equity Capital is Rs. 509.60 Cr. for the Year ended 31/03/2022. 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
  • 19,161
  • Sales
  • 7,134
  • Shares in Float
  • 137.59
  • No of funds
  • 139
  • Yield
  • 1.91
  • Book Value
  • 5.05
  • U/D Vol ratio
  • 0.7
  • LTDebt / Equity
  • 8
  • Alpha
  • 0.24
  • Beta
  • 1.04

Trident

  • Owner Name
  • Jun-22
  • Mar-22
  • Dec-21
  • Sep-21
  • Promoters
  • 72.94%
  • 72.94%
  • 72.94%
  • Mutual Funds
  • 0.04%
  • 0.02%
  • Insurance Companies
  • 0.01%
  • Foreign Portfolio Investors
  • 3.17%
  • 3.13%
  • 2.48%
  • Individual Investors
  • 18.74%
  • 19%
  • 19.13%
  • Others
  • 5.1%
  • 4.93%
  • 5.43%

Trident Management

  • Name
  • Designation
  • Mr. Rajinder Gupta
  • Non Executive Chairman
  • Mr. Deepak Nanda
  • Managing Director
  • Mr. Dinesh Kumar Mittal
  • Ind. Non-Executive Director
  • Mr. Rajiv Dewan
  • Ind. Non-Executive Director
  • Mr. Anthony De Sa
  • Ind. Non-Executive Director
  • Ms. Usha Sangwan
  • Ind. Non-Executive Woman Director

Trident Forecast

Price Estimates

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

Other Analyst Rating

Trident Corporate Action

  • Date
  • Purpose
  • Remarks
  • 2022-08-09
  • Quarterly Results & Interim Dividend
  • 2022-05-30
  • Audited, Quarterly Results & Others
  • Inter alia, to consider 1. Raising of funds by non-convertible debt instruments along with warrants, convertible securities other than warrants or foreign currency convertible bonds. per share(6%)Interim Dividend.
  • 2022-01-18
  • Quarterly Results
  • 2021-10-21
  • Quarterly Results & Interim Dividend
  • 2021-08-12
  • Quarterly Results
  • Date
  • Purpose
  • Remarks
  • 2022-08-19
  • INTERIM
  • Rs.0.36 per share (36%) First Interim Dividend
  • 2021-10-29
  • INTERIM
  • Rs.0.36 per share(36%)Interim Dividend
  • Date
  • Purpose
  • Remarks
  • 2019-12-16
  • Split
  • Rs.0.00 split from Rs. 10/- to Re. 1/-.

Trident MF Shareholding

  • Name
  • Amount(cr)
  • Nippon India ETF Nifty Midcap 150
  • 699
  • Motilal Oswal Nifty Midcap 150 Index Fund Regular Growth
  • 607
  • Nippon India Nifty Midcap 150 Index Fund Regular Growth
  • 466
  • Motilal Oswal Nifty 500 Fund Regular Growth
  • 327
  • ICICI Prudential Nifty Midcap 150 ETF
  • 121

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.

Trident FAQs

What is Share Price of Trident ?

Trident share price is ₹37 As on 14 August, 2022 | 11:23

What is the Market Cap of Trident ?

The Market Cap of Trident is ₹19160.8 Cr As on 14 August, 2022 | 11:23

What is the P/E ratio of Trident ?

The P/E ratio of Trident is 25.3 As on 14 August, 2022 | 11:23

What is the PB ratio of Trident ?

The PB ratio of Trident is 5 As on 14 August, 2022 | 11:23

What is total revenue from Bed and Bath Linen in H1 ?

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

What utilization level are we envisaging for Bed & What utilization level are we envisaging for Bed & Bath Linen by FY 20? & Bath Linen by FY 20?

For both Bed and Bath Linen we are targeting between 60%-70% kind of utilization levels.

What is the hedging strategy/policy of the company?

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.

What does the Trident Ltd company do?

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. 

Is Trident Ltd a large-cap company?

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

Is Trident Ltd an Indian company?

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

Q1FY23