Trident

Trident

TRIDENT

 ₹ 33.50
 ₹ 0.24
0.72%
Textile
 ₹ 0.00
(%)1D
Updated: 02 Dec 2024, 03:31:08 pm IST
Stock Score
Open Price
 ₹ 33.52
Prev. Close
 ₹ 33.26
 ₹ 33.27
Day Low
 ₹ 33.78
Day High

 ₹ 30.48
52 Week Low
 ₹ 56.53
52 Week High

Quick Bite

Price To Earnings Ratio

48.55

Sector PE

34.25

PB Ratio

3.96

Sector PB

6.67

EPS

0.69

Dividend Yield

0.99

Today's Volume

5.738 M

5 Day Avg. Volume

4.922 M

PEG Ratio

-2.35

Market Cap.

₹ 17,080.00 Cr.

Returns Comparison

TimeTRIDENTVSIndustry
1 Day0.72%0.72%
1 Week6.45%6.45%
1 Month0.45%0.45%
6 Months-7.71%-7.71%
1 Year-9.73%-9.73%

StockGro Trade Views 👍

StockGro Trade Views 👍

Technical Trend

Neutral
academy home
Bearish
Neutral
Bullish

Pivot Levels

R3 ₹ 34.47
R2 ₹ 34.14
R1 ₹ 33.82
RESISTANCE
 ₹ 33.49
SUPPORT
S1 ₹ 33.17
S2 ₹ 32.84
S3 ₹ 32.52

Updated: 22 Jul 2024,09:18:33 am IST

Moving Averages

Strong Sell
Sell
Neutral
Buy
Strong Buy
Sell
3
Buy
3
Period (Days)SMAIndication
1032.37Bullish
2032.88Bullish
3033.08Bullish
5034.11Bearish
10035.78Bearish
20037.58Bearish

Updated: 02 Dec 2024, 03:30:00 pm IST

Analyst Rankings 👍

Analyst Rankings 👍

Shareholding Updates

PromotersPublicFIIDIIOthers
73.19%
Promoters
Sep 2024
Promoters  73.19%
FII  2.73%
DII  0.08%
Public  24.01%
Others  0.01%

Mutual Fund Ownership 👍

Mutual Fund Ownership 👍

Cash Flow

AnnualFY 2024FY 2023FY 2022
Operating Activities287.301426.25902.58
Investing Activities-718.32-1165.34-343.31
Financing Activities340.04-410.38-386.88
Net Cash Flow-90.98-149.47172.39

All Figures in ₹ Cr., unless mentioned otherwise

Ratios

Return on Equity (%)

Income Statement

All Figures in ₹ Cr., unless mentioned otherwise

Balance Sheet

All Figures in ₹ Cr., unless mentioned otherwise

Peer Comparison

Name1D (%)1W (%)1M (%)6M (%)1Y (%)
Trident0.726.450.45-7.71-9.73
Alok Industries2.266.3-2.52-21.891.72
Garware Technical Fibres-1.54-2.1715.615.5915.59
Lux Industries1.88.92-1.3241.1650.92
Indo Count Industries4.042.06-10.5-130.77
Returns as on 03 Dec, 2024

About Trident

Trident Limited is an India-based vertically integrated textile and paper company. The Company is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals. Its segments include Yarn, Towel, Bedsheets, and Paper and Chemicals. It manufactures cotton yarn for domestic textile manufacturing. Its yarn product portfolio includes 100% cotton combed yarn, special open-end yarn, air jet yarn, carded yarn, organic cotton yarn, compact yarn, air-rich yarn, certified cotton yarn, melange yarn and others. Its home textiles include bath and bed linen. Its bath and bed linen product portfolio include organic, spa and hotel, beach, designer, jacquard, dobby texture, bathmats, checkered, bath rugs and others. The Company is a wheat straw-based paper producer, which offers multi-colour, quick-turn publishing and branded copier paper. The Company produces supreme quality LR/AR grade sulphuric acid.

Trident Share Price

Trident Limited Fundamental Analysis

The article examines the business model of Trident Limited, as well as industry fundamentals to determine whether or not it would be a good investment opportunity for you.

Trident Limited

Located in Ludhiana, Punjab, India Trident Limited is a leading diverse group of businesses. Its incorporation date is April 18th, 1990. The company is famous for different products and services including home textiles, paper, chemicals and energy. Trident Limited is also a major stakeholder in the home textiles business, yarns & paper industry. It is ranked among the top five terry towel manufacturers globally.

The company is present all over the globe with products sold in more than 100 countries. It entered the international arena from a single unit under its founder Padma Shri Rajinder Gupta.

As of May 2024, the total paid-up capital of this company stands at INR 509.60 cr. Moreover, it’s listed on the NSE (National Stock Exchange) stock market.

Is the Conglomerate Sector a Goldmine Investment?

The Conglomerate sector in India has profited immensely from the country’s market policies as well as the investment boom starting in the 1990s. By 2027, India is likely to be the world's third economy overtaking Japan and Germany and have the fourth biggest stock market by 2030.

This growth is powered by strategic investments in technology, energy, and a move towards global offshoring and digitalization. The Conglomerate sector with its varied business interests can take advantage of these trends that make it a potentially viable investment.

Investing in conglomerates such as Trident Limited may be a good alternative. Trident Limited appears to be an attractive investment opportunity due to its diversification across industries and an extensive global presence. Its consistent growth and sound financial performance also makes the company a compelling choice for investors seeking steady returns within the conglomerate industry.

Who are Trident Limited competitors in the Conglomerate Sector?

Working within the conglomeration industry, Trident Limited operates in a competitive environment. Some of the company’s competitors include:

  • Indo Count Industries Ltd.
  • Welspun Living Ltd.
  • Bombay Dyeing
  • VINATEX
  • S R Industries Ltd. SRINDL.
  • HeiQ Materials

History of Trident Limited

Trident Limited is a leading diversified group of businesses and serves as the flagship company of the Trident Group. Let’s get into its history and key details:

  • Incorporation: Trident Limited, previously known as Abhishek Industries Limited, was incorporated on April 18, 1990, in Punjab, India. The company started implementing its yarn spinning project in 1992.
  • Product Range: Trident Limited is a leading manufacturer of Yarn, Bath Linen, Bed Linen, Wheat Straw-based Paper, Chemicals, and Captive Power. They offer a wide range of products including terry towels, bedsheets, yarns, and paper.
  • Infrastructure: Trident Limited has state-of-the-art manufacturing facilities in Barnala (Punjab) and Budni (Madhya Pradesh). They have facilities for manufacturing yarn, processing of yarn, manufacture of terry towels, writing & printing paper, and sulphuric acid.
  • Certifications: Trident Limited has been awarded several certifications including Carbon Footprint Certified, FSC Certified, BIS Certification, and ISO Certification.
  • Awards and Recognition: Trident Limited has been recognized for its excellence in various fields. For instance, Trident Paper was conferred with the “Superbrands Award Seal” by Superbrands India.

Company Profile of Trident Limited

Pros:

  • Healthy Dividend Payout: The company has been maintaining a healthy dividend payout of 38.7%.
  • Revenue Growth: The company has shown a revenue growth of 6.9% YoY and an operating revenue growth of 7.5% TTM.
  • Operating Profit Margin: The operating profit margin is above the industry median at 12.2% for the quarter and 13.8% TTM.
  • Return on Equity (ROE): The ROE is above the industry median at 8.1%. It indicates that the company is more effective at generating profit from its existing assets and using shareholder funds.

Cons:

  • High P/E Ratio: The stock has a high P/E ratio of 53.82, which might indicate that it’s overvalued.
  • Negative PEG TTM: The PEG TTM is -2.62, which might indicate that the company is not expected to experience significant earnings growth.
  • Low Institutional Holding: The institutional holding is below the industry median at 2.7%, which might indicate a lack of confidence from large investors.
  • Low Piotroski Score: The Piotroski score is below the industry median at 42, which might indicate poor financial health.

The Finances

Here’s a summary of Trident Limited’s financial information as of June 2024:

Metric

Value

Market cap

Rs. 17,882 Cr.

Book value

Rs. 8.47 (Per share)

Dividend Yield

1.03 %

ROCE

10.5 %

ROE

8.21 %

Face Value

Rs. 1.00

Shareholding pattern of Trident Limited Limited

Here’s a concise summary of Trident Limited’s shareholding pattern as of June 2024 :

Peer Multiple Comparison

Let us compare Trident Limited with its peers that have full data available. See the table below:

Metric

Indo Count Industries Ltd.

Welspun Living Ltd.

Bombay Dyeing

S R Industries Ltd.

P/E Ratio

20.01

19.55

1.17

-2.10

P/B Ratio

3.24

2.89

1.87

-0.11

Dividend Yield (Avg.)

0.64

0.07

0.72

0.00

Trident FAQs

How to Buy Trident Share?

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To purchase Trident shares, you can open a Demat & Trading account through a broker or financial institution. Once your account is set up and funded, search for Trident (ticker symbol: TRIDENT) on the trading platform provided by your broker and purchase the shares.

What's Trident share price today?

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The stock price of Trident as of 03 Dec 2024 is ₹33.50

What is the Market Cap of Trident?

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Market capitalisation represents the total market value of a company's outstanding shares. As of 03 Dec 2024, Trident (ticker symbol: TRIDENT) has a market capitalisation of approximately ₹1,70,80,00,00,000.00

What is the PE and PB ratio of Trident?

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Trident Ltd's price-to-book ratio as of 03 Dec 2024 is 3.96, reflecting the market's valuation compared to its asset value. As of 03 Dec 2024, the trailing twelve months P/E (price-to-earnings) ratio is 48.55, indicating the market values the company at around ₹48.55 for every ₹1 of earnings

What is the 52 Week High and Low of Trident Share?

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Trident Ltd (TRIDENT) hit its 52-week high at ₹56.53, and its 52-week low at ₹30.48.
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