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Shareholding Info
  • Promoters
    73.19 %
  • Foreign institutions-FII
    2.56 %
  • Retail and other
    24.2 %
  • Mutual Funds
    0.05 %

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


Issue size

₹3.5 crore

Issue type

Fixed-price issue IPO

Issue price

₹30 per share

Lot size


Listing date

5 October 2017

Listing markets


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





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 

₹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


₹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 share capital

₹510 crore

Other Equity

₹3,288 crore

Total equity

₹3,797 crore

Non-current liabilities

Financial liabilities 

₹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 

₹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


₹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)


ROCE (FY2021-22)


ROE (FY2021-22)


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)


Page Industries

₹53,033 crore

₹53,052 crore


KPR Mill

₹18,817 crore

₹18,817 crore



₹18,422 crore

₹18,396 crore



₹9,099 crore

₹9,118 crore


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.


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

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