Trident Ltd (TRIDENT)

Trident's High P/E Ratio Raises Concerns - 22 Apr, 2024

Trident Ltd's high P/E ratio of 45.6x raises concerns due to poor earnings performance and slower growth outlook compared to the market. The company is one of 22 releasing Q4 results today.

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.