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Trident Ltd Share Price (TRIDENT)

₹39.950.99%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Trident Ltd

Key events for Trident Ltd

  • Trident Commissions Solar Project in Madhya Pradesh - 12 Apr, 2024

    Trident Ltd has commissioned a 1.1 MW solar power project at its Budhni facility in Madhya Pradesh, taking the total installed capacity of the roof-top solar power plant to 29.5 MWp. The power generated will be consumed captively for manufacturing facilities at Budhni.

  • Trident Commissions 1.1 MWp Solar Power Project - 11 Apr, 2024

    Trident Ltd has commissioned a 1.1 MWp solar power project at Budhni in Madhya Pradesh, which will be used to power its manufacturing facilities and reduce carbon footprint. Despite a decrease in net profit by 24.59%, the company's revenue from operations rose by 11.81% in Q3 FY24 over Q3 FY23. The stock rose 0.17% to settle at Rs 40.27 on April 10, 2024.

  • CARE Ratings Reaffirms Trident's Bank Facilities at CARE AA - 05 Apr, 2024

    Trident Ltd's long-term bank facilities have been reaffirmed by CARE Ratings at CARE AA with a stable outlook. The company's short-term rating has also been affirmed at CARE A1+. The ratings are based on the company's diversified and integrated operations, geographically diversified revenue stream, strong liquidity, comfortable capital structure, and fiscal incentives available for textile sector. However, the rating strengths are tempered by decline in total operating income (TOI) and profitability in FY23 due to slowdown in textile exports followed by high interest rate and inflationary pressure in developed markets.

  • Trident Ltd Increases Production Capacity, Share Price Rises - 01 Apr, 2024

    Trident Limited invests Rs. 132 crore to enhance the existing capacity of its Bath Linen Business, leading to a 7.8% rise in share prices. The company also fully redeems non-convertible debentures worth Rs. 25 crore plus interest.

  • Trident Group Chairman Rajinder Gupta Resigns from Board of Directors - 27 Mar, 2024

    Rajinder Gupta, the Chairman of Trident Group, has resigned from the company's Board of Directors due to personal reasons. Gupta is a renowned figure in the textile and paper industry and has made retail giants like JCPenney, Walmart, and Luxury and Linen as customers. His net worth is valued at over Rs 12,368 crore.

  • Indian Hotels, Trident and Taj GVK to provide hospitality services in 10 locations - 22 Mar, 2024

    Hotel stocks such as Indian Hotels, Trident, and Taj GVK will offer hospitality services in 10 different locations across India. While hotel stocks have been under pressure for the last month, they have provided robust returns over the past 6 months to 1 year timeframe.

  • Gensol Engineering Completes 10.6 MWp Solar Project for Trident Ltd - 21 Mar, 2024

    Gensol Engineering has completed a 10.6 MWp rooftop solar project for Trident Limited in Madhya Pradesh, utilizing high-efficiency bi-facial solar modules to maximize energy output and ensure long-term durability. The project marks a significant milestone for both companies and propels Trident towards its clean energy goals.

Analyst Rating for Trident Ltd stock

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for Trident Ltd. An average target of ₹40.5

Source: S&P Global Market Intelligence

Trident Ltd share Performance

  • ₹39.8
    ₹40.9
    ₹39.95
    downward going graph

    0.38%

    Downside

    Day's Volatility:2.75%

    Upside

    2.38%

    downward going graph
  • ₹29.7
    ₹52.9
    ₹39.95
    downward going graph

    25.66%

    Downside

    52 Weeks Volatility:58.07%

    Upside

    32.42%

    downward going graph
1 Month Return12.38 %
3 Month Return-14.09 %
1 Year Return27.03 %
Previous Close₹40.35
Open₹40.50
Volume1.08Cr
Upper Circuit-
Lower Circuit-
Market Cap₹20,562.64Cr

Trident Ltd Company Information

Trident Ltd, a part of the USD 3 billion Trident Group, is a leading global textile player that operates state-of-the-art manufacturing facilities in Barnala, Punjab & Budni, Madhya Pradesh. Incorporated in 1990, the Company produces Yarn, Terry Towels, Bedsheets, Paper, Chemicals, and also generates captive power. In 2003, the group invested about Rs 91.20 million in expanding all its core business, out of which 50 million was directed towards improving the quality of cotton production for international markets. A further Rs 3000 million was invested into modernizing their fabric production unit, which placed them among the top 5 manufacturers world-wide. In 2014, the Hon’ble High Court for the states of Punjab and Haryana approved a scheme that amalgamated Trident Corporation Limited with Trident Limited, consequently joining the largest integrated terry towel unit in the world. Over the subsequent years, the company kept expanding their production and adding capacity, with a Bed Sheeting Unit at a cost of Rs 1667 crore and an open-end yarn spinning project at an additional cost of Rs 10.39 crore. In 2021, the company forayed into detergent powder production with a capacity of 10 metric ton per day and inaugurated a 7.6 MW Solar Power Plant in Budhi, Madhya Pradesh.

Share Price: ₹39.95 per share as on 12 Apr, 2024 04:01 PM
Market Capitalisation: ₹20,562.64Cr as of today
Revenue: ₹1,835.34Cr as on December 2023 (Q4 23)
Net Profit: ₹109.31Cr as on December 2023 (Q4 23)
Listing date: 06 Jun, 2001
Chairperson Name: Rajiv Dewan
OrganisationTrident Ltd
HeadquartersLudhiana
IndustryTextiles
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Fundamentals of Trident Ltd

Insights on Trident Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 90.71 Cr → 108.78 Cr (in ₹), with an average increase of 16.6% per quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 22.95% to 22.96% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.50K Cr → 1.84K Cr (in ₹), with an average increase of 9.5% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 190.1% return, outperforming this stock by 163.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 387.5% return, outperforming this stock by 195.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 73.19% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, TRIDENT stock has moved down by -14.1%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 2.56% to 2.55% in Dec 2023 quarter

Trident Ltd Valuation

Trident Ltd in the last 5 years

  • Overview

  • Trends

Lowest (10.62x)

May 16, 2019

Today (47.00x)

April 12, 2024

Industry (78.22x)

April 12, 2024

Highest (58.41x)

January 9, 2024

LowHigh

Trident Ltd Mutual Fund Holdings

Funds Holdings
Nippon India Nifty Smallcap 250 Index Fund Dir GrNippon India Nifty Smallcap 250 Index Fund Dir Gr0.31%
SBI Nifty Smallcap 250 Index Fund Direct GrowthSBI Nifty Smallcap 250 Index Fund Direct Growth0.31%
Motilal Oswal Nifty Smallcap 250 Index Fund Direct GrowthMotilal Oswal Nifty Smallcap 250 Index Fund Direct Growth0.31%
ICICI Prudential Nifty Smallcap 250 Index Fund Direct GrowthICICI Prudential Nifty Smallcap 250 Index Fund Direct Growth0.31%
HDFC Nifty Smallcap 250 Index Fund Direct GrowthHDFC Nifty Smallcap 250 Index Fund Direct Growth0.31%

Trident Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
73.19%
0.00
Foreign Institutions
2.55%
-0.35
Mutual Funds
0.05%
-2.09
Retail Investors
22.96%
0.03
Others
1.26%
0.32

Technicals of Trident Ltd share

News & Events of Trident Ltd

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06 Apr, 2024 05:39 PM

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Trident Ltd (TRIDENT) share price today is ₹39.95

Trident Ltd is listed on NSE

Trident Ltd is listed on BSE

  • Today’s highest price of Trident Ltd is ₹40.9.
  • Today’s lowest price of Trident Ltd is ₹39.8.

PE Ratio of Trident Ltd is 47

PE ratio = Trident Ltd Market price per share / Trident Ltd Earnings per share

Today’s traded volume of Trident Ltd(TRIDENT) is 1.08Cr.

Today’s market capitalisation of Trident Ltd(TRIDENT) is ₹20562.64Cr.

Trident Ltd(TRIDENTPrice
52 Week High
₹52.9
52 Week Low
₹29.7

Trident Ltd(TRIDENT) share price is ₹39.95. It is down -24.48% from its 52 Week High price of ₹52.9

Trident Ltd(TRIDENT) share price is ₹39.95. It is up 34.51% from its 52 Week Low price of ₹29.7

Trident Ltd(TRIDENTReturns
1 Day Returns
-0.4%
1 Month Returns
12.38%
3 Month Returns
-14.09%
1 Year Returns
27.03%