Trident Limited

Trident Limited is the flagship Company of Trident Group, an Indian business conglomerate and a global player. Trident Limited is a vertically integrated textile (Yarn, Towel & Bedsheets) and Paper (Wheat Straw-based) manufacturer. Trident’s towel, yarn, bed sheets and paper businesses have earned global recognition and are delighting millions of consumers across India and the world. Trident is one of the largest players in home textile in India. The Company operates in four major business segments: Yarn, Towel, Bedsheets and Paper & Chemicals with its manufacturing facilities located in Punjab and Madhya Pradesh.

Key Business

• Home Textiles
• Paper & Stationary
• Yarn Chemicals
• Energy

Shareholding Pattern

• PUBLIC GROUP
• PROMOTER GROUP
• EMPLOYEE TRUST

Financial Summary

Synopsis of Financials

• Total Revenue for the FY24 stood at INR 67,903 Mn with sales growth of 7.9 % as compared to FY23 owing to primarily the increase in demand.
• PBT has decreased by 6.9 % Y-o-Y in FY24 due to reduction in NSR.
• EBITDA Margin stood at 15 % in FY24.
• EPS has reduced by 7.6 % in FY24.

Final Outlook

Capacity Utilizatio has been reduced in last 1 yr, equity stock has giving return of 9.7% in last 1 yr, Quarter results were also not good, total income has decrease by 7% compare to previous yr, sales.

Operating Profit, EBIT and PAT for Q4 is very less compare to last 3-4 quaters, this was reason for decline of stock, but if Tridents shows Hiher sales and high Operating profit in future then only investing is safe in the copany.With a notable increase in volumes, the stock recently broke out from a declining trendline, displaying a strong bullish momentum. The daily charts exhibit a well-defined upward trend, characterized by steadily rising highs and rising lows. Support for bulls is located at Rs 43, which offers a safety net in case of future declines. Given its current rising trend, the counter has upside goals between Rs 53 and Rs 60.