Trident Share Price Analysis

Trident Ltd History

 

Abhishek Industries Limited (Currently known as Trident Ltd.) was founded on April 18, 1990, in Ludhiana, Punjab. Under the creative leadership of its founder-chairman, Mr Rajinder Gupta, a first generation entrepreneur, the Company has emerged as a worldwide textile player since its inception in 1990. Trident Limited is a market leader in the production of Yarn Bath Linen Bed Linen Wheat Straw-based Paper Chemicals and Captive Power. The company operates cutting-edge manufacturing facilities in Barnala (Punjab) and Budni (Madhya Pradesh). The company has a large customer base in over 100 countries. The Company has two subsidiaries as of March 31, 2019: Trident Global Corp Limited, an Indian fully owned subsidiary, and Trident Europe Limited, and a international fully owned subsidiary. Trident Global Corp Limited primarily functions as the company’s retail arm. It is the Company’s public face in domestic markets. Furthermore, Trident Europe Limited gives access to European markets and strengthens the company’s brand presence.

 

Sanghera, Punjab is home to the company’s yarn factory, which makes both cotton and acrylic yarn. The public issuance in October 1992 provided funding for this unit. Its goods are utilised in fabrics, textiles, and hosiery products, among other things. The company has a contract with Sagatex International, UK, to sell and export up to 50% of its cotton production. The second unit of the company, or Unit II, has an installed capacity of 43392 spindles for the production of acrylic, blended, melange, and coloured cotton yarn in addition to carded and combed cotton yarn. The first phase of Unit II project, which was divided into two phases, began commercial production on July 1st, 1999. The project cost Rs 95 crores was funded by term loans, a rights issue, and internal accruals.

 

In accordance with a High Court ruling dated May 13, 1999, Abhishek Spinfab Corporation Limited, which had the capacity to process 4767 tpa of cotton yarn and produce 3032 tpa of terry towel products, merged with the company. Additionally, the business increased the Terry Towel Division’s capacity from 3032 tpa to 7500 tpa in 2001 with a capital investment of Rs. 6030 lacs.

 

In accordance with a High Court order of January 3, 2002, Varinder Agro Chemicals Limited, which had the capacity to produce 34,250 MT of paper and 1,000 MT of sulfuric acid, merged with the company. Varinder Agro shareholders received 70 equity shares in Abhishek Industries for every 24 shares held.

 

 

In 2003, The company ties up with Apollo Health and Lifestyle Ltd to develop and run “The Apollo Clinic” and Incorporates a fully owned subsidiary, ‘Abhishek Industries Inc,’ in the United States, and invests USD 25000 in exchange for 25000 shares of USD 1 each.

 

In 2004, Abhishek Industries Limited notified that, in response to the Company’s application for delisting, The Delhi Stock Exchange Association Limited authorised the delisting of the Company’s equity shares on January 23, 2004.The esteemed “Supplier of the Year 2003” Award from Wal Mart, USA, was given to Abhishek Industries Ltd.

 

In 2005, the company began commercial production of an open end yarn project with a capacity of 16 TPD. The Terry Towel unit’s phase II expansion project has already started commercial production on 60 Air Jet looms, Also in 2005 ‘ICWAI Good Performance Award, 2005’ was awarded to Abhishek Industries.

 

In 2006, the company began full-scale commercial manufacturing of a component of its yarn-spinning expansion project. Abhishek Industries won the National Award for Excellence in Corporate Governance in 2006 as well as the Texprocil Award for Outstanding Export Performance 2005-2006. Company was also named the Wal*Mart International Supplier of the Year and awarded CITI Birla Award for Quality Management in 2005-06.

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In 2007, JCPenny Corporation in the United States awarded the company with the “2006 Supplier of the Year Award,” .Company was also awarded the “Best Exporter Award” in the North region by CONCOR (Containerized Corporation of India), an organisation under the Ministry of Railways. Abhishek Industries was awarded SAP Award for Customer Excellence – 2007

 

In 2008, the company joins India’s lifestyle retail market and Abhishek Industries (Now Trident Limited) was awarded Silver Trophy for 2007 and the IKEA Best Supplier Quality Award (TASA) for 2008-09. 

 

In 2009, Abhishek Industries Ltd. introduced Spectra, My Choice, a branded copier paper, and won the “Best Supplier Quality Award from IKEA”. In 2010, Abhishek Industries commissioned the Terry Towel expansion project, won the Texprocil Gold Trophy, and introduced Lotus, a premium copier paper, in New Delhi. The company also received an IKEA Sustainability Award.

 

In 2011, the company changed its name from Abhishek Industries Ltd to Trident Ltd.Company received Bronze Award in the Conglomerates Category at the 2011 Spotlight Awards presented by the League of American Communications Professionals and TEXPROCIL Award for Outstanding Export Performance 2010-2011. The company also received the prestigious “JC Penny-Innovation Award 2010.”

 

In 2012, Abhishek Industries entered into an Agreement with HT Media Limited (HT). The Golden Peacock Environment Management Award’s “Special Commendation” was given to Abhishek Industries in 2012. In addition, Trident received the “Best Terry Towel Exporter Award and Best Global Exporter by TEXPROCIL” in 2012, as well as the “CITI Birla Award for Human Resource Management in Textile Mills.”

 

In 2013, Mr. Rajinder Gupta was appointed to the position of Chairperson of the Advisory Council for Punjab, Haryana, Himachal Pradesh, and Chandigarh. Accenture and Trident Limited collaborate to upgrade to SAP ECC 6.

 

During the year 2015, the Company launched a composite textile project in the Home Textiles Segment comprising of a 500-loom ed Sheeting Machine and an integrated spinning unit with 189696 spindles to create high-end counts ranging from 40 to 80 Ne. The aforementioned projects were completed by the second half of the financial year 2016 at a total project cost of Rs 16669.0 million. Being an integrated project, the spinning sector’s output would flow effortlessly into the sheeting segment, providing value to the textile supply chain and turning the company into a one-stop shop for home textile products. In the reviewed year, the Company installed 1920 rotors in an open-end yarn-spinning project with a manufacturing capacity of around 10,000 TPA of cotton open-end yarn to suit its yarn needs for the Budni terry towel unit.

 

Trident wins TEXPROCIL Award for Outstanding Export Performance 2014-15, Achievement in Environmental Sustainability Award, and ECGC – D&B Indian Exporters’ Excellence Awards 2015.

 

In 2016, with a capital investment of Rs 1667 crore, the company started production at its integrated bed-linen project in Budni, Madhya Pradesh. The project includes 500 looms that can produce 43.2 million meters of bed-linen annually as well as 1.90 lac compact yarn spindles for captive consumption. At its plant in Budni, Madhya Pradesh, the Company also reviewed its CAPEX plans for the Yarn Modernization Project (Rs 103.9 crore) and Captive Power Project (Rs 393 crore for 60 MW). In order to increase its presence in European markets and fortify its marketing channels, the Company established Trident Europe Limited in the UK during the 2016 calendar year. The company produced 92617 MT of sulfuric acid in FY16. Trident wins JC Penney – Innovation Award and TEXPROCIL Award for Outstanding Export Performance 2015-16. Cll hosted the 17th National Award for Excellence in Energy Management in Hyderabad, where Trident was recognised with awards.

 

In 2017, Trident wins IPMA Energy Conservation Award, 2015-16and gets Northern Region Export Excellence award. Trident was also with “TEXPROCIL Gold Award”.Trident was certified with the prestigious  Egyptian Gold SealÂ.

 

In 2018, Trident Limited Is Recognized As An IKEA IWAY Well-Developed Supplier. Trident bags OEKO-TEX ® Made in Green label”.

 

 In 2019, the Board authorised an expansion project in the yarn segment that included the installation of 162432 spindles and 3600 rotors along with other balancing equipment to produce around 48482 TPA of yarn at Budni, Madhya Pradesh. The implementation of a captive cogeneration steam and power plant (steam 2 x 150 TPH & electricity 2 x 30 MW) producing facility for the Yarn Terry Towel and Sheeting plants at Budni, Madhya Pradesh, was also authorised by the Board for implementation during FY 2019. Trident Limited won ‘CSR Leadership Award’, First & Second Prize for ‘Largest Reduction in Accident Frequency Rate’ in Textile Industry, ‘Best Supplier Award’, ‘Employer Of Choice, 2019’ Award and ‘Madhya Pradesh State Level 8th Kaizen Competition’ Award.

 

In 2020, Trident Paper was awarded the Superbrands Award Seal and Trident Limited received the 2020 Grant Thornton SABERA Award. In 2021, Trident Limited Wins the First Prize at the 2020 FICCI Water Awards. Trident Limited partnered with “Kathy Ireland ® Worldwide, Inc., a California Corporation”.

 

Top Shareholder of Trident Share Price

 

Below is a list of the top shareholders of Trident Ltd stocks. as of June 2022.

 

Shareholder	No of Shares	Shares(%)
TRIDENT GROUP LIMITED	2,33,11,69,835	45.75
MADHURAJ FOUNDATION	1,37,06,37,010	26.90
Individual share capital upto Rs. 2 Lacs	87,66,51,094	17.20
Any Other (specify)	16,84,43,766	3.31
Foreign Portfolio Investors	16,14,42,276	3.17
Individual share capital in excess of Rs. 2 Lacs	7,84,69,153	1.54

 

Top Management of Trident Share / Stocks

 

Below is a list of top management Trident Ltd. as of June 2022

 

Name	Designation
Abhinav Gupta	Chief Financial Officer
Anthony De Sa	Ind. Non-Executive Director
Deepak Nanda	Managing Director
Dinesh Kumar Mittal	Ind. Non-Executive Director
Hari Krishan	Co. Secretary & Compl. Officer
Rajinder Gupta	Non Executive Chairman
Rajiv Dewan	Ind. Non-Executive Director
Usha Sangwan	Ind. Non-Executive Woman Director

 

Highlights From Trident Limited’s Latest Quarterly Results – Q4 FY 22

 

• The company’s EBITDA for the fourth quarter of FY2022 increased to INR 333.5 Crores from INR 238.2 Crores in the fourth quarter of FY2021.

 

• In the fourth quarter of FY2022, the company reported a Profit Before Tax (PBT) of INR 234.1Crores, compared to Rs.96.4 Crores in the fourth quarter of FY2021. 

 

• In Q3, the company had its best quarterly revenue, EBITDA, and profit.

 

• During Q4 of FY2022, the company’s revenue increased to Rs. 1569.9 Crores from Rs. 1131.9 Crores in Q4 of the previous year.

 

• During Q4 of FY2022, PAT is INR 173.5 Crores, compared to INR75.6 Crores in Q4 of the previous fiscal year.

 

Should One Invest In Trident Share / Stocks?

 

Here are a few crucial factors that every investor must checkout before making a decision about investing in Trident.

 

• Return on Assets (ROA) entails the following: – Return on Assets gauges a company’s ability to generate a profit from its investment in assets. In other words, ROA measures a company’s ability to turn the funds required to acquire assets into net income or profits. Trident Share Price ROA of 6.03 % percent is a negative indicator of future success. (better standards are always preferred)

 

• Current Ratio: – The current ratio assesses the ability of a corporation to meet its short-term liabilities with its short-term assets. A greater current ratio is desirable so that the corporation can withstand unanticipated business and economic fluctuations. 0.99 is Trident’s Current ratio.

 

• Return On Equity (ROE): It evaluates a company’s capacity to create profits from the investments of its shareholders. In other words, the return on equity ratio indicates the amount of profit generated per rupee of common stockholders’ equity. Trident share price ROE is 11.0 percent. (higher is preferable).

 

• The Debt-to-Equity Ratio: It is a useful indicator for evaluating the financial structure and performance of a company. Trident NSE has a D/E ratio of 0.46, indicating that the company has a low debt-to-equity ratio.

 

• Inventory Turnover Ratio: The turnover ratio is an activity ratio used to measure the liquidity of a company’s inventory. It measures the number of times an organisation has sold and replaced its inventory during a given time period. Trident’s inventory turnover ratio of 4.71 demonstrates ineffective Inventory and working capital management on the part of management.

 

• Sales growth: Trident has recorded a revenue increase of -3.83%, which is inadequate in terms of its development and performance

 

• Operating Margin: – This reveals the operational effectiveness of the business. Trident’s operating margin for the current fiscal year is 17.71 percent.

 

• Dividend Yield: – Indicates the proportion of dividends paid to the price of the stock.Trident Ltd dividend for the current year is 0.36 rupees, and its yield is 0.95 percent.

 

FAQ On Trident Ltd.

 

• What is the Trident share price?

The share price of all stocks is volatile and continuously fluctuates during the day due to a variety of variables. As of 28 Sep ’22, the Trident share price is 36.40 per share.

 

• What are Trident’s 52-week high and low?

As a technical indicator, the 52-week high/low is the highest and lowest price at which a Trident stock has traded over the specified time period. As of 28 Sep ’22, the 52-week high and low for Trident share price were 67.65 and 24.40 respectively.

 

• What is Trident’s PE & PB ratio?

As of 28 Sep ’22, Trident share price PE and PB ratios are 23.95 and 4.82 respectively.

 

• What is Trident’s market capitalization?

Market capitalization, abbreviated as market cap, is the market value of the outstanding shares of a publicly traded corporation. The market capitalization of Trident Share Price as of 21 Sep ’22 is 18,843 Cr.

 

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