Trident is a textile manufacturing company in India. There are more than 20+ companies that are involved in the textile sector and making textile products. As a result, the competition between the companies becomes very high. But the Trident is one of the leading companies in the industry that’s why the Trident share price target for 2024, 2025, and 2026 can be very profitable.
In the last few years, the Trident compnay has grown very rapidly and as of now, it is working in more than 150+ countries which makes the company different and profitable from other companies in the textile sector.
In Jan 2022, the trident stock created a new all-time high but after the Jan month. It started falling very rapidly. It created an all-time high at Rs. 70.35 and now it is trading at Rs. 45.65 as of 07 Feb 2024. In the bullish market, the stock is given good returns but is still down by approx 35% from its all-time high.
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About Trident
Trident is an Indian company that was founded in 1990. As of now its managing director is Mr. Deepak Nanda.
Trident is involved in manufacturing, trading, and selling textile products. There are many textile products that the company offers to their customers as of now like bedsheets, towels, bath sheets, bath linen, comforter sheets, bathrobes, and many more textile products.
Not only textile segments the company is also doing business in Energy, chemical, and FMCG segments too. There are many products of the segments available in the market. You can explore their business and products on their official website.
Trident is doing their business in 150+ countries and they have 15+ offices in the world. They have 25+ plants and stores to manage the business and its products. You can check their office and plant locations on their official website.
Company Fundamentals
From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.
Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.
Note: The fundamentals of the Trident company were last updated on 07 Feb 2024. Check the latest information on any broker website or screener.
Profit Growth (Last 5 Years)
| Year | Profits (In Crore) |
|---|---|
| March 2019 | ₹372 |
| March 2020 | ₹340 |
| March 2021 | ₹304 |
| March 2022 | ₹834 |
| March 2023 | ₹442 |
Quarterly Results (Profits)
| Quarter | Profits (In Crore) |
|---|---|
| Dec 2022 | ₹144 |
| Mar 2023 | ₹131 |
| Jun 2023 | ₹91.34 |
| Sep 2023 | ₹90.31 |
| Dec 2023 | ₹109 |
Company Essentials
| Market Cap | ₹22,835Cr | ROE | 11.06% |
| P/E Ratio (TTM) | 53.99 | EPS (TTM) | 0.83 |
| P/B Ratio | 5.50 | Div Yield | 0.80% |
| Industry P/E | 21.12 | Book Value | 8.14 |
| Debt to Equity | 0.40 | Face Value | 1 |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 2.55% |
| DII | 0.06% |
| Public | 24.21% |
| Promoters | 73.19% |
| Other Holders | 0.0 % |
Key Points
- ROE and ROCE of the last 3 years are not good for the Trident Limited compnay.
- In 2022, Trident showed a net profit of Rs. 834 Crore but in 2023 the net profit was nearly Rs. 442 Crore which is very low.
- On the compnay, there is a DEBT of Rs. 1,374.11 Crore and the compnay has approx Rs. 351.64 Cr cash.
- Trident is doing its business in more than 150+ countries.
Quarterly Results
In the Dec 2023 quarter, the Trident compnay showed a net profit of Rs. 109 Crore which is higher than its profit of the last 2 quarters. But in the profit, there are no major differences that’s why the stock did not react a lot.
Thumb Rules for Investing
Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.
These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.
Trident Share Price Target
Trident company is involved in many segments and provides the resources. Trendet is also involved in the business of trading, selling, and manufacturing textile products. They have a large number of products they make using Textiles. The Trident share price target will be very volatile in the future.
In the textile business, there is a very huge competition and it will be hard to become a leader in the segments. If the competition in any business is very high and the company is also not doing good then a direct action can be seen in its share price.
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.
Trident share price target 2024
For short-term trading, the stock can give nearly 5% to 10% return very easily in the next few months. If you also prefer to take short-term trades to make some profit very easily then this can be very useful. Make sure, in the short term trades SL also hit.
As you can on the daily chart, the Trident is consolidating from the last 1 to 2 weeks. The support of the range is Rs. 42.50 and the resistance is near Rs. 53. As of 7 Feb 2024, the stock is trading at Rs. 45.65.
You can take a buy trade when the stock breaks the resistance with a very bullish candle and gives a closing near to high of the same candle. You have to take entry when it breaks and if it gives closing according to your plan then you can hold it.
If the trade activates then you have to hold it until it forms any reversal pattern. There is another resistance at Rs. 57 to Rs. 58. If the stock also crosses the resistance then planning for a new all-time high will be a good idea. Make sure you are trailing your SL based on the formed price action to save your profit and book maximum profit in the trade.
Trident share price target 2025
The sales of the company from the last few years is not grown and it is almost in a range from the last few years. In the September 2021 quarter, the net sales of the Trident company were 1,281 and in the December 2023 Quarter, the sales were 1,572. As you know, without sales growth investing in any company for a retail investor is slightly risky.
With time, the expense of the company is increasing as a result, we can see its impact on the share price. There are multiple reasons involved in the increase of expense i.e. increasing cost of RAW material, inflation rate, etc.
In the Sep 2021 quarter, the net profit of the compnay was near Rs. 235 Crore, and in the December 2023 quarter, the net profit was only Rs. 109 Crore.
Trident share price target 2026
In the long term, the company is good as it is one of the largest compnay in the Textile sector. As the compnay is doing business in more than 150+ countries then its net profit can be volatile as the world is in a slowdown phase.
Once the numbers i.e. sales, net profit, and EPS (earning per share) increase then you can see a good growing growth in the stock in the upcoming few years.
Investing in the stock as of now is not good but if you think the stock is according to your criteria then you can plan for investing in the stock. But make sure you are holding the stock for at least 4 to 5 years to get good returns.
FAQs
In 2023, we can see a target of Rs. 63 – 65 in the Trident stock. The stock is trading below the trendline and once it gives a breakout we can see the mentioned target in 2024.
Trident is mainly involved in the textile business and there are more than 20+ companies that are involved in the game segments. In case, you want to invest in the industry, you should use fundamentals to find a good company in the textile sector.
It is hard to say as there is very tough competition in the industry. It can be a multi-bagger only if it becomes the industry leader. From the chart, it looks a little bit hard.
Final Words: There is very tough competition in the Textile sector and most of the companies in the industry make the same types of products. It will be very hard to fight the competition for Trident or any other company which is fundament not strong. As it is one of the largest companies in the textile sector, in the long term we can see a very high Trident share price target for 2024, 2025, and 2026.