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Why did TRIDENT LTD. share price move today?collapse benzinga

Why did TRIDENT LTD. share price move today?

Trident shares are trading lower, touched lower circuit possibly due to profit booking. Notably, the scrip surged more than 143% in six months.

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Shareholding Info
  • Promoters
    73.19 %
  • Foreign institutions-FII
    2.43 %
  • Retail and other
    24.35 %
  • Mutual Funds
    0.04 %

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Trident overview


Trident Limited is headquartered in Punjab. It is a subsidiary of the Trident Group, which is worth USD 3 billion. Under the leadership of its founding chairman, Mr Rajinder Gupta (a first-generation entrepreneur), the firm evolved into a worldwide textile producer. It produces yarn, bed linen, captive power, chemicals, paper and bath linen. It operates manufacturing facilities in Budni, Madhya Pradesh and Barnala, Punjab.
Trident Limited (formerly Abhishek Industries Ltd) was founded on 18 April 1990. On 18 April 2011, the corporation changed its name to Trident Limited. Currently, the firm manufactures, trades and sells textiles such as yarn, paper, chemicals, terry towels and bedsheets.

Trident journey


The key milestones in Trident Limited's journey are as follows:
  • 1992: The business is funded by a public offering in October.
  • 1999-2000: The firm is designated as a Government Recognised Trading House, and the quality of its products is favorably received in the worldwide market.
  • 2003: The company establishes a fully owned subsidiary—Abhishek Industries Incorporated—in the United States. It invests USD 25,000 against the subscription of a total of 25,000 shares. They are valued at USD 1 per share.
  • 2008: Trident Limited enters the Indian lifestyle retail market.
  • 2011: The firm's name changes from Abhishek Industries Limited to Trident Limited.
  • 2014: The Scheme of Amalgamation & Arrangement between Landmark Limited, Fiora Link Road Properties Limited, Trexa ADMC Private Limited and Trent Limited is authorized by the company.
  • 2016: Trident completes the technology stabilization of an integrated bed linen program in Budni, Madhya Pradesh.

Trident – Initial Public Offer (IPO):


IPO open date

21 September 2017

IPO close date

26 September 2017

Face value

₹10 per share

Total shares

11,76,000 shares

Issue size

₹3.5 crore

Issue type

Fixed-price issue IPO

Issue price

₹30 per share

Lot size

4,000 shares

Listing date

5 October 2017

Listing markets

BSE, SME


Trident products

  • Investor relations
  • Bath towels
  • Bed sheets
  • Papers
  • Yarn
  • Chemicals
  • Energy
  • FMCG
Trident is among the largest vertically integrated firms in the household textile sector in the world. Since its foundation, Trident has been committed to producing premium quality cotton yarn products. The company has India's biggest spinning system in a single location. It produces high-quality yarn and offers a wide range of goods, such as cotton, compact, mixed and mélange yarn. The Bed Linen section is a full bedding solution supplier because of its extensive product line and design skills. Trident stock price return in 5 years: 300.11%.

Trident business highlights


The revenue of the company in the last financial year was ₹13,794 crore.

Ambuja Cements performance highlights

Particulars

Amount

Assets

 

Non-current assets

 
Property, plant and equipment

₹3,620 crore

Capital work in progress

₹82 crore

Intangible assets

₹35 crore

Right-of-use assets

₹56 crore

Intangible assets under development

₹99 lakh

Financial assets 
Investments

₹4 crore

Other financial assets

₹45 crore

Non-current tax assets (net)

₹14 crore

Other non-current assets

₹83 crore

Total non-current assets

₹3,941 crore

Current assets

 
Inventories

₹1,290 crore

Trade receivables

₹529 crore

Cash and cash equivalents

₹252 crore

Other bank balances

₹21 crore

Other financial assets

₹111 crore

Other current assets

₹287 crore

Total current assets

₹2,490 crore

Total assets

₹6,431 crore

Equity and liabilities

 

Equity

 
Equity share capital

₹510 crore

Other Equity

₹3,288 crore

Total equity

₹3,797 crore

Non-current liabilities

 
Financial liabilities 
Borrowings

₹310 crore

Lease liabilities

₹24 crore

Other financial liabilities

₹4 crore

Deferred tax liabilities

₹304 crore

Total non-current liabilities

₹641 crore

Current liabilities

 
Financial liabilities 
Borrowings

₹1,261 crore

Lease liabilities

₹2 crore

Trade payables

-

Total outstanding dues of micro and small enterprises

₹69 crore

Total outstanding dues of creditors other than micro and small enterprises

₹385 crore

Other financial liabilities

₹151 crore

Provisions

₹20 crore

Other current liabilities

₹78 crore

Current tax liabilities (net)

₹26 crore

Total current liabilities

₹1,992 crore

Total liabilities

₹2,634 crore

Total equity and liabilities

₹6,431 crore


Trident performance highlights


EBITDA (FY2021-22)

₹1,510 crore

Profit (FY2021-22)

₹815 crore

Share price return in last 3 years (2019-2022)

443.03%

ROCE (FY2021-22)

23%

ROE (FY2021-22)

23.4%


Trident management:


Here is the management team of Trident Limited:
  • Chief Financial Officer: Abhinav Gupta
  • Ind. Non-Executive Director: Anthony De Sa
  • Managing Director: Deepak Nanda
  • Ind. Non-Executive Director: Dinesh Kumar Mittal
  • Co. Secretary & Compl. Officer: Hari Krishan
  • Non-Executive Chairman: Rajinder Gupta
  • Ind. Non-Executive Director: Rajiv Dewan
  • Ind. Non-Executive Woman Director: Usha Sangwan


Industry overview:


Here are the top players in the textiles and apparel market:

Sl. No.

Company Name

Market capitalization (BSE) 

Market capitalization (NSE)

01

Page Industries

₹53,033 crore

₹53,052 crore

02

KPR Mill

₹18,817 crore

₹18,817 crore

03

Trident

₹18,422 crore

₹18,396 crore

04

Raymond

₹9,099 crore

₹9,118 crore

05

Alok Industries

₹8,143 crore

₹8,118 crore


Size of the industry:


The Indian textile industry's market value was around ₹18,11,150 crore in 2021. This was a rise from the preceding year when the marketplace value in the nation was ₹12,18,263 crore.

Industry growth prospects:

The textile and apparel sector is India's second-largest employer, employing 450 lakh people directly and another 1,000 lakh in affiliated businesses. India has also surpassed the United States as the world's second-largest maker of personal protective equipment (PPE). India's textile and apparel exports are predicted to exceed ₹81,25,300 crore in the next five years, expanding at a CAGR rate of 11%.

Trident growth prospects:

An examination of revenue growth, as well as earnings before interest and taxes (EBIT), can assist in forming an opinion on the sustainable growth of profit. Trident's EBIT has increased in the past year, and revenues are also increasing. Both of these are indicators of potential growth for the company shares. Apart from that, here are some other pointers regarding the company's growth:
  • The company's debt is low.
  • Over the previous five years, the company has generated outstanding profit growth of about 19.9% CAGR while maintaining a solid dividend distribution of 45%.
  • In the past three years, Trident Limited's profit has grown by 300%.
  • The company holds a healthy 13.74 interest coverage ratio.
  • The company holds a 0.26 PEG ratio.
  • Trident Limited has a well-organized cash conversation.


Risks and concerns

  • The stock is now trading at 4.71 times the amount of the book value.
  • Between 2017 and 2022, the firm has had a mediocre 8.63% increase in revenue.
  • Between 2019 and 2022, the company has posted 9.85% revenue growth.
  • The company may be capitalizing on interest costs.

Registrar


KFIN Technologies Private Limited
Ph: +91-40-67162222
Email: reachus@kfintech.com
Address: Selenium Building, Tower B, Plot No. 31 & 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi, Telangana, India – 500 032.

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