Trident Share PriceTrident

1.2 (3.27%)
As on 11 December, 2023 | 17:23 BSE: 521064 NSE: TRIDENTISIN: INE064C01022

Trident Performance

Day Range

  • Low 36.80
  • High 38.25
₹ 37.85

52 Week Range

  • Low 25.05
  • High 43.75
₹ 37.85
  • Open Price37.00
  • Previous Close36.65
  • Volume24142426

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Trident Share Price

  • Over 1 Month 3.13%
  • Over 3 Month -6.66%
  • Over 6 Month 12.65%
  • Over 1 Year 2.57%

Trident Key Statistics

P/E Ratio 42.1
PEG Ratio -2.3
Market Cap Cr 19,288
Price to Book Ratio 4.6
EPS 0.8
Dividend 1
Relative Strength Index 51.88
Money Flow Index 42.07
MACD Signal 0.08
Average True Range 0.9

Trident Investment Rating

  • Master Rating:
  • Trident has an operating revenue of Rs. 6,505.92 Cr. on a trailing 12-month basis. An annual revenue de-growth of -9% needs improvement, Pre-tax margin of 9% is okay, ROE of 10% is good. The company has a reasonable debt to equity of 19%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 8% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It is currently FORMING a base in its weekly chart and is trading around 16% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 75 which is a FAIR score but needs to improve its earnings, a RS Rating of 26 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 90 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
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,7611,4671,5631,6181,4191,6671,847
Operating Expenses Qtr Cr 1,5221,2391,3151,3461,2761,4131,520
Operating Profit Qtr Cr 240228248273143254328
Depreciation Qtr Cr 88877978777681
Interest Qtr Cr 34312218201818
Tax Qtr Cr 40303941114161
Net Profit Qtr Cr 1289011614240124174
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 6,2916,942
Operating Expenses Annual Cr 5,3495,432
Operating Profit Annual in Cr 9181,488
Depreciation Cr 310333
Interest Annual Cr 7786
Tax Annual Cr 132277
Net Profit Annual Cr 422815
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,433906
Cash from Investing Activity Annual Cr -1,165-349
Cash from Financing Annual Activity Cr -407-403
Net Cash Flow Annual Cr -139154
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 4,1263,797
Fixed Assets Annual Cr 4,4223,795
Total Non Current Assets Annual Cr 4,7453,941
Total Current Assets Annual Cr 1,9682,490
Total Assets Annual Cr 6,7136,431
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 87
ROE Annual % 1021
ROCE Annual % 1227
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1522
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,7981,4941,5731,6411,4381,6801,870
Operating Expenses Qtr Cr 1,5571,2621,3051,3671,3001,4181,532
Operating Profit Qtr Cr 240231269274138262338
Depreciation Qtr Cr 89898078747681
Interest Qtr Cr 35322219201919
Tax Qtr Cr 40314241114363
Net Profit Qtr Cr 919313014437129181
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 6,3577,020
Operating Expenses Annual Cr 5,3865,485
Operating Profit Annual in Cr 9471,512
Depreciation Cr 313333
Interest Annual Cr 8086
Tax Annual Cr 137283
Net Profit Annual Cr 441834
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 1,426903
Cash from Investing Activity Annual Cr -1,165-343
Cash from Financing Annual Activity Cr -410-387
Net Cash Flow Annual Cr -149172
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 4,1933,845
Fixed Assets Annual Cr 4,4633,796
Total Non Current Assets Annual Cr 4,7833,940
Total Current Assets Annual Cr 2,0452,549
Total Assets Annual Cr 6,8296,489
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 88
ROE Annual % 1122
ROCE Annual % 1227
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1522

Trident Technicals


Current Price
1.2 (3.27%)
  • Bullish Moving Average
  • ___
  • 16
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • ₹36.51
  • 50 Day
  • ₹36.41
  • 100 Day
  • ₹35.88
  • 200 Day
  • ₹35.38
  • 20 Day
  • ₹36.80
  • 50 Day
  • ₹36.36
  • 100 Day
  • ₹35.99
  • 200 Day
  • ₹33.83

Trident Resistance and Support

First Resistance 37.40
Second Resistance 38.15
Third Resistance 38.75
RSI 51.88
MFI 42.07
MACD Single Line 0.08
MACD 0.01
First Resistance 36.05
Second Resistance 35.45
Third Resistance 34.70

Trident Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 25,197,244 824,705,796 32.73
Week 12,688,925 520,753,482 41.04
1 Month 11,372,873 436,604,607 38.39
6 Month 16,735,072 534,685,553 31.95

Trident Result Highlights

Trident Synopsis

NSE-Apparel-Clothing Mfg

Trident Ltd. is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 6267.47 Cr. and Equity Capital is Rs. 509.60 Cr. for the Year ended 31/03/2023. 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 18,619
Sales 6,409
Shares in Float 137.59
No of funds 106
Yield 0.98
Book Value 4.52
U/D Vol ratio 0.6
LTDebt / Equity 19
Alpha -0.06
Beta 1.4


Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 73.19%73.19%73.19%72.94%
Mutual Funds 0.05%0.05%0.04%0.04%
Insurance Companies
Foreign Portfolio Investors 2.56%2.47%2.43%2.36%
Financial Institutions/ Banks
Individual Investors 19.72%19.8%19.8%19.59%
Others 4.48%4.49%4.54%5.07%

Trident Management

Name Designation
Mr. Rajinder Gupta Chairman Emeritus
Mr. Deepak Nanda Managing Director
Mr. Rajiv Dewan Ind. Non-Executive Director
Mr. Anthony De Sa Ind. Non-Executive Director
Ms. Usha Sangwan Ind. Non-Executive Woman Director
Prof. Rajeev Ahuja Director
Mr. Raj Kamal Director

Trident Forecast

Price Estimates


Other Analyst Rating

Trident Corporate Action

Date Purpose Remarks
2023-11-14 Quarterly Results
2023-07-27 Quarterly Results
2023-05-24 Audited Results & 1st Interim Dividend (Revised) per share(12%)Third Interim Dividend
2023-01-30 Quarterly Results
2022-11-12 Quarterly Results
Date Purpose Remarks
2023-06-01 INTERIM Rs.0.36 per share(36%)Interim Dividend (RD & XD revised)
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 1,014
Motilal Oswal Nifty Midcap 150 Index Fund Regular Growth 1,013
Nippon India Nifty Midcap 150 Index Fund Regular Growth 848
Motilal Oswal Nifty 500 Fund Regular Growth 548
Mirae Asset Nifty Midcap 150 ETF 509

About Trident

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.

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 11 December, 2023 | 17:09

What is the Market Cap of Trident ?

The Market Cap of Trident is ₹19288.2 Cr As on 11 December, 2023 | 17:09

What is the P/E ratio of Trident ?

The P/E ratio of Trident is 42.1 As on 11 December, 2023 | 17:09

What is the PB ratio of Trident ?

The PB ratio of Trident is 4.6 As on 11 December, 2023 | 17:09

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.