Trident Ltd. share price target

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Trident is one of the largest integrated home textile manufacturers in the world. Commencing operations as a yarn player, the company has shifted to the higher margin home textile segment.

BUY Trident Ltd CMP at Rs. 67.80 and dd on dips to Rs. 60-63 for the Sequential Targets Rs. 79-88

Trident has acquired wide and varied global scale capabilities in the production of terry towel and bedsheet. From a variety of fibres and yarns to a range of colours, both in piece dyed and yarn dyed, plains and jacquards, to a complete collection of performance finishes and surface decorations, the range of products...

The newly commissioned capacities for manufacturing of terry towel and bed linen are expected to lead to improved product mix in favour of the high margin home textiles. Further the fiasco created over Welspun's product quality has helped Trident secure newer clientele in the fast growing exports of home textiles. Further debottlenecking is expected to enhance paper manufacturing capacities by ~15%. This coupled with the recent...

Trident Ltd is the flagship company of Trident Group, a USD 1 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident is the world's largest terry towel and wheat straw based paper manufacturer. With the establishment of the state-of-the-art manufacturing processes and systems coupled with appropriate human capital and credentials, Trident has frequently received accolades from its patrons in...

Trident Limited is the flagship company of Punjab based Trident Group, a USD 1 billion Indian business conglomerate and a global player. Company operates under two major segments viz. textile & paper. Trident Ltd has emerged as a world largest integrated home textile manufacturer of terry towels with a production capacity of 90,000 tonnes p.a. It is also one of the largest wheat straw based paper manufacturer with a production capacity of 175,000 tonnes p.a. Trident's customer base spread over 100 countries across 6 continents and comprises of global retail brands like Ralph Lauren, Calvin Klein, JC Penney, IKEA, Target, Wal-Mart, Macy's, Kohl's, Sears, Sam's Club, Hema, Metro Group etc. Company exports its...

Trident is amongst world's largest fully integrated home-textile manufacturers of terry towel with the capacity of Rs. 360 Mn pieces of towel per annum with high-end manufacturing technology. Trident has 3 Terry Towel Units (388 looms) in Dhaula, Punjab, with the utilization rates were close to 80% and with further expansion in FY14 Budni, Madhya Pradesh Terry Towel Unit - 4 (300 loomes), with the utilization rate recorded 35% and expecting to reach 40-50% in FY16E.