Trident Share Price
TRIDENT
Trident Share Price Chart
About Trident
Trident Financials
Market cap ₹17,245 Crs | Open ₹33.55 | Close ₹33.56 |
Circuit range ₹40.27 - ₹26.84 | Day range ₹33.52 - ₹33.69 | Year range ₹31.07 - ₹52.90 |
Volume 37,110 | Avg. traded ₹33.57 | Revenue (12m) ₹6,973 Crs |
Trident Limited is a multinational textile manufacturing company, based in Ludhiana, Punjab. It is the largest manufacturer of terry towels in the world and is among the largest global manufacturers of integrated home textiles. Established in 1990 as a textile manufacturer producing high-quality yarn in Punjab, Trident successfully expanded its business across multiple countries and managed to diversify into sectors such as chemicals, energy and paper. Today, Trident Group is a conglomerate offering products and services to customers across 100 countries.
The company conducted a merger with a self-owned entity, Trident Corporation Limited in 2014, thereby acquiring the largest integrated terry towel unit in the world, located in Budni, Madhya Pradesh.
According to Trident’s latest shareholding pattern, the company’s promoter group accounts for a total of 73.2% holding, Foreign Institutional Investors (FIIs) a small 2.6% share, Domestic Institutional Investors (DIIs) own only 0.1%, while the public shareholding stands at 23%.
Trident had a market capitalization of ₹18,956 crore as of December 14, 2023. Trident share price has surged over 272% in the last three years.
Trident business operations
Trident mainly operates in four major industry segments of textiles, paper, energy and chemicals.
Textiles
It is Trident’s major business and extends services across three key offerings — yarn, bed, and bath products. Trident yarn produces a total of 458.4 MT yarn per day. The multinational Swedish clothing brand H&M is one of Trident’s clients. For its bed and bath collections, Trident offers a variety of home textiles that provide luxury and softness.
Paper
Trident has produced a paper product that does not indulge in paper generation through the conventional route of cutting trees. Trident Paper makes use of wheat straw and not wood pulp in the production of paper for printing and publishing purposes.
The company does this together with farmers. It empowers over 1 lakh domestic farmers each year by purchasing agro-waste used in the manufacturing process directly from them.
Chemicals
Trident began operations in this segment as Varinder Agro Chemicals Ltd and ventured into the chemicals segment in the year 1985. The company initially started with a production capacity of 100 tons per day (TPD). It is now one of the top manufacturers of sulphuric acid in India, along with having the largest capacity for LR/AR grade sulphuric acid in the country. The company’s current production capacity stands at 310 MT per day.
Energy
Trident Energy generates captive power to meet its in-house energy requirements. The unit has a current production capacity of 50 MW, generating high-pressure steam using by-products like black liquor effluent and biomass, along with coal.
Financial highlights
Total income of the company stood at ₹6,356.6 crore in the financial year ended March 31, 2023 (FY23), shrinking 9.45% from the preceding fiscal’s ₹7,020.23 crore. The textile manufacturing major’s net profit tumbled 47% on a year-on-year (YoY) basis to ₹441.6 crore in FY23 as compared to ₹833.75 crore reported in FY22. Its earnings per share (EPS) in FY23 plunged 47.3% to ₹0.88 from ₹1.67 in the previous financial year. The company’s operating profit margin retracted to 14.89% in FY23 from 21.54% in FY22.
Trident Key indicators
52 week high ₹52.90 | 52 week low ₹31.07 | P/E ratio 52.43 |
P/B ratio 4.36 | ROE 9.24% | ROCE 11.3% |
Dividend yield 1.07% | Debt/Equity ratio 0.48 | EPS 0.76 |
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Analyst ratings:
Analyst ratings:
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This analysis is based on the reviews of 1 experts in the last 7 days
Trident Fundamentals
Trident Financial Ratios
Operating profit margin14.78% | Net profit margin5.79% |
ROE9.24% | ROA5.47% |
ROCE11.3% |
Quick ratio0.77 | Current ratio1.58 |
Interest coverage4.34 | Asset turnover0.95 |
Debt to Equity0.48 |
P/E ratio52.43 | P/B ratio4.36 |
EV / EBITDA20.26 | |
Dividend yield1.07% |
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Revenue statement
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Balance sheet
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Trident Share Price history
Day | Open | Close | Change % |
---|---|---|---|
Mon, Dec 23 2024 | ₹34.35 | ₹33.56 | -2.07% |
Fri, Dec 20 2024 | ₹34.87 | ₹34.27 | -1.72% |
Thu, Dec 19 2024 | ₹34.16 | ₹34.87 | -0.77% |
Wed, Dec 18 2024 | ₹35.80 | ₹35.14 | -2.44% |
Tue, Dec 17 2024 | ₹37.20 | ₹36.02 | -2.09% |
Mon, Dec 16 2024 | ₹36.60 | ₹36.79 | |
Fri, Dec 13 2024 | ₹36.10 | ₹36.57 | |
Thu, Dec 12 2024 | ₹36.68 | ₹36.08 | -1.64% |
Events
Corporate actions
Dividend • ₹0.36/share
Ex date 28 May 2024
Dividend • ₹0.36/share
Ex date 01 Jun 2023
Dividend • ₹0.36/share
Ex date 18 Aug 2022
Dividend • ₹0.36/share
Ex date 28 Oct 2021
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