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Trident Ltd (TRIDENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 521064 NSE: TRIDENT Textile - Spinning | Small Cap | Trident Share Price

₹24.35 0.20 (0.83%)

As on 04-Jun'26 16:59

Trident Ltd (TRIDENT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 521064 NSE: TRIDENT Textile - Spinning | Small Cap | Trident Share Price

₹24.35 0.20 (0.83%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹12,409 Cr.
Current Price
₹24.4
52-Week Low / High
₹22 / 34
TTM EPS
₹0.7
TTM Sales
₹6,681 Cr.
Book Value per Share
₹9.3
P/E Ratio
33.00
Lower than its 5-year historical median
Industry PE
21.5
Price to Book (P/B)
2.61
Lower than its 5-year historical median
Price to Sales (P/S)
1.86
Lower than its 5-year historical median
EV/EBITDA
14.35
Lower than its 5-year historical median
Dividend Yield
1.48%
Profitability Efficiency
Return on Equity (ROE)
8.23%
In line with industry median
Return on Capital Employed (ROCE)
9.54%
Outperforms industry median
Return on Assets (ROA)
5.01%
Operating Profit Margin
12.7%
Net Profit Margin
5.27%
Gross Profit Margin
11.9%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
3.5%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
-3.96%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-5.84%
Asset Quality
Promoter Holding
73.68%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,247 Cr.
Equity
₹509.6 Cr.
Face Value
₹1
All Time Low / High
₹0.04 / 70.90

Trident stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Trident Ltd a good quality company?
Trident Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Trident Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Trident Ltd vs industry peers?
Trident Ltd revenue CAGR is 8.19%, compared to the industry median CAGR of 1.47%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Trident Ltd?
Promoters hold 73.68% of the Trident Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Trident Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.4% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Trident Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.6%10.1%9.2%12.1%10.3%10.6%23%11.6%11.3%9.5%-
Value Creation
Index
-0.4-0.3-0.3-0.1-0.3-0.21.1-0.10-0.3-

Growth Parameters

Sales 3,6654,6174,5665,2204,6994,5196,9196,2676,7306,9666,681
Sales YoY Gr.-26%-1.1%14.3%-10%-3.8%53.1%-9.4%7.4%3.5%-
Adj EPS 0.50.60.50.80.60.61.60.80.70.70.7
YoY Gr.-18.8%-17.5%72.3%-21%0%143.8%-46.8%-16.9%0%-
BVPS (₹) 4.75.45.35.85.86.57.58.18.599.3
Adj Net
Profit
244288239414326325795421353352377
Cash Flow from Ops. 5331,0004766531,2094999061,433275942-
Debt/CF from Ops. 6.52.95.93.71.63.11.717.51.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.4%8.2%0.2%3.5%
Adj EPS 4.1%1.5%-23.8%0%
BVPS7.4%9.2%6.7%7%
Share Price 17.1% 8.8% -10.5% -21.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
12.611.28.814.711.110.322.310.68.47.98.1
Op. Profit
Mgn %
2019.217.92017.517.821.114.713.712.713.2
Net Profit
Mgn %
6.76.25.27.96.97.211.56.75.25.15.6
Debt to
Equity
1.41.110.80.70.50.40.30.50.30.2
Working Cap
Days
16412813113513813210912511411163
Cash Conv.
Cycle
8072869294846258536323

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,6654,6174,5665,2204,6994,5196,9196,2676,7306,966
Operating Expenses + 2,9353,7323,7484,2423,8783,7195,4575,3505,8086,080
Manufacturing Costs533640702804775781983931997973
Material Costs1,7302,2262,2812,4282,1412,0253,3043,3633,4353,595
Employee Cost 429576506592583578665624835891
Other Costs 243290259418379335505431540620
Operating Profit 7308868189778218001,462918923886
Operating Profit Margin (%) 19.9%19.2%17.9%18.7%17.5%17.7%21.1%14.6%13.7%12.7%
Other Income + 331069646442748247275
Exceptional Items 000002700360
Interest 145141118112111728677154129
Depreciation 337412404364333336333310360362
Profit Before Tax 2824393925474214451,092554516470
Tax 391021261767999277132127103
Profit After Tax 242337266371342346815422390367
PAT Margin (%) 6.6%7.3%5.8%7.1%7.3%7.7%11.8%6.7%5.8%5.3%
Adjusted EPS (₹)0.50.70.50.70.70.71.60.80.80.7
Dividend Payout Ratio (%)18.90%22.70%28.80%41.20%53.70%53.10%22.50%43.50%47.10%50%

Valuation of Trident - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,4162,7252,6932,9312,9673,3173,7974,1254,3084,609
Share Capital 509510510510510510510510510510
Reserves 1,9062,2152,1842,4222,4572,8073,2883,6163,7984,099
Debt +3,1102,5482,5192,0961,5901,4891,5231,3561,9751,466
Long Term Debt2,1371,7441,4119546892553108041,173963
Short Term Debt9738041,1081,1429011,2341,213552802504
Minority Interest0000000000
Trade Payables222172168177200296455548479349
Others Liabilities 935706748900961653656683760705
Total Liabilities 6,6826,1506,1296,1035,7185,7546,4316,7137,5227,129

Fixed Assets

Net Fixed Assets +4,6934,3443,9023,7163,6813,7903,7124,0544,5754,426
Gross Block5,0335,1085,0545,2295,5155,9506,1936,8367,6957,892
Accumulated Depreciation3407641,1521,5131,8342,1602,4812,7823,1203,466
CWIP 6212317713214564833688852
Investments 527584160794435220
Inventories8997689071,0019121,0081,2901,0341,3831,240
Trade Receivables258382478662278455529272414300
Cash Equivalents 8213216625337112273352527666
Others Assets 637326417407285321539630484425
Total Assets 6,6826,1506,1296,1035,7185,7546,4316,7137,5227,129

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 5331,0004766531,2094999061,433275942
PBT 2424393925474214451,092554516470
Adjustment 501522476421437371418398430449
Changes in Working Capital -151125-301-202491-175-335643-548135
Tax Paid -60-86-91-113-140-142-268-162-124-112
Cash Flow From Investing Activity + -1,199-168-188-42-34-149-349-1,165-712-215
Capex -1,123-146-202-105-161-330-352-775-639-222
Net Investments -92-47-1328108172-5-401-96-33
Others 172427351997122341
Cash Flow From Financing Activity + 667-808-268-650-867-570-403-407346-681
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 698-416-358-395-245-87587533462-189
Interest Paid -143-140-122-123-117-72-92-92-158-127
Dividend Paid -36-91-92-166-2580-360-180-181-181
Others 147-16130534-247376-38-668223-184
Net Cash Flow 12320-38309-220154-139-9146

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.5213.119.8113.1911.5911.0122.9110.659.248.23
ROCE (%)8.6310.149.2212.1410.3410.5923.0411.6211.39.54
Asset Turnover Ratio0.650.730.750.850.80.791.140.950.950.95
PAT to CFO Conversion(x)2.22.971.791.763.541.441.113.40.712.57
Working Capital Days
Receivable Days22.802534.3039.9036.5029.6025.9023.3018.6018.70
Inventory Days80.9065.2066.8066.7074.3077.5060.6067.7065.6068.70
Payable Days44.1032.1027.2025.9032.1044.7041.5054.4054.6042

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Trident Ltd FAQs

The current trading price of Trident on 04-Jun-2026 16:59 is ₹24.35.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Trident stood at ₹12,408.7 Cr

The latest P/E ratio of Trident as of 03-Jun-2026 is 33.00.

The latest P/B ratio of Trident as of 03-Jun-2026 is 2.61.

The 52-week high of Trident is ₹33.70 and the 52-week low is ₹22.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Trident is ₹6,681 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Trident Ltd is a average quality company.

The key valuation ratios of Trident Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Trident Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Trident Ltd

Trident earlier known as Abhishek Industries Limited, the flagship company of the Trident Group was incorporated in April, 1990. It is one of the largest towel manufacturers of the world, one of the world's largest agro-based paper manufacturers and one of the largest yarn producers in India.

TridentGroup is a leading diversified business conglomerate of India. Incorporated in 1990, the company continues to grow under the dynamic leadership of the chairman Mr. Rajinder Gupta, a first generation entrepreneur. With a modest beginning of 17,280 spindles of yarns, the group today exports to over 75 countries and is continuously striving to uphold its position as one of the largest yarn producers in India.

The operations of the company are segregated into four main segments viz. Yarns, Terry Towels, Paper and Chemicals.

Trident caters to all segments of the market - Brands, Department Stores, Home Specialty Chains, Mass Merchants and Institutional Customers. Our clientele comprises stalwarts of retail world in US, Europe, Australia and New Zealand. We are also making significant inroads into the markets in Japan, Middle East and South Africa.

Yarns segment product offerings:

  • 100% cotton yarn (Grey/Dyed/Mercerized)
  • Single & TFO Doubled
  • Hosiery & Weaving (Combed & Carded)
  • Poly Cotton blended Yarn
  • 100% Poly Spun Yarn (Combed & Carded)
  • 100% Egyptian Cotton Yarn
  • 100% PIMA Cotton Yarn
  • Organic Cotton Yarn
  • 100% Water Soluble PVA Yarn
  • SLUB Yarn
  • Combed and Semi-Combed Knitting and Weaving Yarn with a Count range of 10-30
  • Polyester Spun Knitting and Weaving Yarn with a Count range of 30-40
  • Dyed and Mercerized Double and Processed Yarn
  • Water Soluble 100% PVA Yarns with a Count Range of NE 30 to NE 80

Terry Towels segment product offerings:

  • Piece-dyed dobbies
  • Yarn-dyed single and double jacquards
  • Uni-dyed jacquards
  • Yarn-dyed stripes
  • Weft inserts and checks
  • Terry and velour finish
  • Beach towels
  • Bath sheets, bath towels and bath mats
  • Hand towels
  • Guest towels
  • Face fringes
  • Kitchen towels
  • Printed towels
  • Embroidered towels

Paper segment product offerings:

  • Spectra Copier - Ultra-finish, high-speed Copier Paper in two varieties - 75 GSM with brightness 88% ISO and 80 GSM with brightness more than 90% ISO 
  • Goldline Surface Size Maplitho - 54 GSM to 90 GSM with brightness 90% + ISO
  • Silver Surface Size Maplitho - 54 GSM to 90 GSM with brightness 88% ISO.
  • Super White Maplitho (54 - 90 GSM with 88% ISO Brightness)
  • Ivory White Paper (54 - 90 GSM with 85% ISO Brightness)
  • Eco-Print Paper (54 - 90 GSM with 80% ISO Brightness)
  • Base Paper (80 - 90% ISO Brightness)
  • Bible Printing Paper (45 - 50 GSM with 90% ISO Brightness)
  • Watermark Offset Printing Paper (54 - 90 GSM with 80 - 90% ISO Brightness)

Chemicals segment product offerings:

With the changing industrial needs, the company has also ventured into specialized product markets.

Battery Grade Sulphuric acid is the premium quality product to cater to these markets. Commercial Grade is also manufactured keeping in view the larger market share.

Leading battery manufacturers and other high-end consumers comprise the clientele for these products.

Milestones & Awards:

  • 1990 – Incorporation of the company
  • 1992 – The company starts implementing its yarn spinning project in joint sector with Punjab State Industrial Development Corporation (PSIDC) to set-up 24,960 spindles unit
  • 1998 – The company and PSIDC decides to set-up another unit of 43,392 spindles
  • 1999 – Abhishek Spinfab Corporation merges with Abhishek Industries
  • 2001 – The company augments the terry towels capacity to 7,500 tpa from earlier 3,032 tpa
  • 2002 – Varinder Agro Chemicals mergers with the company
  • 2003 – The company joins hands with Apollo Health and Lifestyle Ltd to implement and operate 'The Apollo Clinic'
  • 2001 – The company receives 'International supplier of the year - 2001' award from Wal Mart, US
  • 2003 – Receives “Supplier of the Year – 2003” award from Wal Mart USA.
  • 2003 – Establishes wholly-owned subsidiary 'Abhishek Industries Inc' in USA
  • 2004 – Delists from the Delhi Stock Exchange
  • 2010 - (AIL) launched its new copier paper 'LOTUS' in the premium segment in New Delhi
    Abshek Inds - Wins "" 'Sustainability Award from IKEA""
    Rajiv Gandhi National Quality Award / Textile
    Sustainability Award by IKEA / Trade Area South Asia
    Texprocil Awards / Silver / Top performer in exports [madeups category]
    JC Penney Home Quailty Award / Best supplier of the year
  • 2011 - Change of the name of Company from Abhishek Industries Ltd to Trident Ltd.
    Company has been awarded the most prestigious "JC Penny-Innovation Award 2010."
    Company has been awarded the Bronze Award in Conglomerates Category at the 2011 Spotlight Awards hosted by ""League of American Communications Professionals.
    Abshek Inds - TEXPROCIL Award for Outstanding Export Performance 2010-2011
    Texprocil Award / Silver / Highest exports in Terry Towels
    JC Penney Innovation Award
  • 2012 Abshek Inds - Entered into an Agreement with HT Media Limited (HT)
    Abshek Inds - Winner of 'Special Commendation"" for the Golden Peacock Environment Management Award - 2012
    Texprocil Award / Bronze / For Best Global Exporter(Overall)
    Texprocil Award / Silver / Top performer in exports
    CITI-Birla Award / HR Management in Textile Industry
    Golden Peacock Award / Environment Management
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