Trident Ltd. share price target and research reports

Name: Latest research reports of Trident Ltd. authored by Chola Wealth Direct and published by - Trendlyne research reports.
Item: Trident Ltd.
Rating: 5
Author: Chola Wealth Direct

Latest analyst research reports with target prices and PDF download for TRIDENT, BSE:521064 Trident Ltd.

Trident Ltd.

06 Aug 2019

26.95

1.05%

EARNINGS UPDATE-TRIDENT 1QFY20

Buy: Trident Ltd.

Target

Chola Wealth Direct

Sector: Textile /Small Cap | Earnings Update 1QFY20 Background: Trident Ltd was incorporated in the year 1990, headquartered in Ludhiana, Punjab. Company operates in three key business segments such as Home textile (49% of revenue), Yarn (33% of revenue) and Paper (18% of revenue) with manufacturing facilities located in Punjab and Madhya Pradesh. Company has a capacity to produce 90,000 MTPA of terry towel, 43.2mn mtrs of bed linen, 115,200 MTPA of yarn and 175,000 TPA of wheat straw based paper. Between FY15-19, Company's...

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Trident Ltd.

20 May 2019, 12:00AM

26.95

1.05%

EARNINGS UPDATE-TRIDENT 4QFY19

Buy: Trident Ltd.

Target

Chola Wealth Direct

Sector: Textile /Small Cap | Earnings Update 4QFY19 Background: Trident Ltd was incorporated in the year 1990, headquartered in Ludhiana, Punjab. Company operates in three key business segments such as Home textile (49% of revenue), Yarn (33% of revenue) and Paper (18% of revenue) with manufacturing facilities located in Punjab and Madhya Pradesh. Company has a capacity to produce 90,000 MTPA of terry towel, 43.2mn mtrs of bed linen, 115,200 MTPA of yarn and 175,000 TPA of wheat straw based paper. Between FY15-19, Company's...

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Trident Ltd.

17 May 2019

26.95

1.05%

Result Update:Trident

Buy: Trident Ltd.

Target

Axis Direct

In Q4FY19, Trident Ltd. reported net sales revenues of Rs 1,417 cr (?19% on annual comparison &?8% QoQ), EBIDTA of Rs 270cr (?26% YoY&? 5% QoQ) with EBIDTA margin at 19.1% (expansion of 106 bps on annual comparison)

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Trident Ltd.

14 May 2019

26.95

1.05%

In-line quarter; strong performance in FY19

Buy: Trident Ltd.

Target

Motilal Oswal

Largely in-line performance: TRID's revenue increased 18.5% YoY to INR14.1b (our estimate: INR13.4b) in 4QFY19. EBITDA margin shrank 20bp YoY to 18.1% (our estimate: 18.1%). EBITDA adjusted for forex gain increased 17.2% YoY to INR2.5b (our estimate: INR2.4b). Adj. PAT was up 64.3% YoY to INR895m (our estimate: INR873m). For FY19, consol. revenue...

Trident Ltd. is trading below all available SMAs

Trident Ltd.

16 Jan 2019

26.95

1.05%

Sharpened by realization improvement across key segments

Buy: Trident Ltd.

Motilal Oswal

16 January 2019 driven by inventory gain and better realizations. Adj. PAT grew 74.8% YoY to 12.8%/78.3% YoY, with margin expansion of 310bp YoY to 20.9%. Volumes grew strongly in both the bed linen (+41.7% YoY) and bath linen (10.1% YoY) segments. Realization, too, was up by a healthy 15%/8% YoY in bed/bath linen. In the paper segment, a better product mix and price increases more than offset the impact of the 10% YoY volume decline, resulting in overall value growth of 15.7% YoY (implying ~26% YoY realization growth). The only drag to the margins came from yarn due to a decline in the spread (as cotton cost rose ~10% YoY, but realization increased merely by 5% YoY). TRID sustained its momentum in the bed linen (utilization of 60% in 9MFY19) and paper segments (EBIT margin up 910bp YoY to 38.

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Trident Ltd.

23 Oct 2018

26.95

1.05%

Result Update:Trident

Buy: Trident Ltd.

Axis Direct

In Q2FY19,Trident Ltd. reported net sales revenues of Rs 1,392 cr (?24% on annual comparison &?23%QoQ), EBIDTA of Rs271cr (?30% YoY&?33% QoQ) with EBIDTA margin at 19.3% (expansion of 124 bps on annual comparison).

Trident Ltd. is trading below all available SMAs

Trident Ltd.

19 Oct 2018, 12:00AM

26.95

1.05%

EARNINGS UPDATE-TRIDENT 2QFY19

Buy: Trident Ltd.

Chola Wealth Direct

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Trident Ltd.

17 Oct 2018

26.95

1.05%

Firing on all cylinders

Buy: Trident Ltd.

Motilal Oswal

17 October 2018 TRIDs revenue increased 24.2 % YoY to INR13,915m (estimated INR12,121m) in 2QFY19. EBITDA margin expanded 730bp YoY to 22.8 % (estimated 20.5 %), driven by (1) operating leverage in both bed and bath linen, and (2) premiumization in bed linen. EBITDA adjusted for forex loss increased 83 % YoY to INR3,169m (estimated INR2,485m). Adjusted PAT increased 194.5 % YoY to INR1,489m (estimated INR936m). TRID has posted 10.3 % growth in 1HFY19 with a margin expansion of 430bp. We expect the momentum to continue with a growth of 19.1 % in 2HFY19 and a margin expansion of 50bp. 2QFY19 was a promising quarter for the company as each segment surpassed the utilization levels of FY18. Bath linen attained a utilization of 53 % in 2QFY19 v/s 45 % in FY18 and bed linen attained a utilization of 61 % in 2QFY19 v/s 44 % in FY18. Going forward, management expects to achieve 60-70 % utilization for both segments by FY20.

Trident Ltd. is trading below all available SMAs

Trident Ltd.

15 Oct 2018

26.95

1.05%

Trident

Buy: Trident Ltd.

JM Financial

Trident reported 2QFY19 PAT at INR 1.1bn, significantly higher than JMfe/street estimates, primarily driven by robust performance in terry towel segment. EBITDA margin expanded 330bps YoY to 18.8% driven by a) operating leverage due to higher towel volumes, b) sheet segment turning EBITDA positive in 1QFY19, and c) YoY increase in yarn EBITDA on a low base in 2QFY18 (inventory loss). Bed sheet and terry towel volume increased 32.5% and 29.6% YoY, respectively. a) INR depreciation (15%+ YTD-CY18), b) settling of market place disruption in the US and c) extension of MEIS (4% export benefit) have provided a welcome relief to the company. Change in export subsidies (MEIS/ROSL) and cotton price movement...

Trident Ltd. is trading below all available SMAs

Trident Ltd.

13 Aug 2018

26.95

1.05%

EARNINGS UPDATE-TRIDENT-1QFY19

Buy: Trident Ltd.

Chola Wealth Direct

Sector: Textile /Small Cap | Earnings Update 1QFY19 Background: Trident Ltd was incorporated in the year 1990, headquartered in Ludhiana, Punjab. Company operates in three key business segments such as Home textile (49% of revenue), Yarn (33% of revenue) and Paper (18% of revenue) with manufacturing facilities located in Punjab and Madhya Pradesh. Company has a capacity to produce 90,000 MTPA of terry towel, 43.2mn mtrs of bed linen, 115,200 MTPA of yarn and 175,000 TPA of wheat straw based paper. Between FY15-18, Company's...

Number of FII/FPI investors increased from 124 to 133 in Sep 2025 qtr.

Is Trident Ltd. worth buying?

4272 Votes:

Buy 76.47%

Sell 9.01%

Hold 14.51%