Trident Limited (TRIDENT) AI Stock Analysis

• Market Cap: ₹131.53B
• Dividend Yield: 1.84%
• Average Volume (3M): 659.27K
• Price to Earnings (P/E): 29.3
• Beta (1Y): 1.00
• Revenue Growth: 0.75%
• EPS Growth: 37.44%
• Country: IN
• Employees: 14,578
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.20
• Shares Outstanding: 5,095,955,600
• 10 Day Avg. Volume: 384,043
• 30 Day Avg. Volume: 659,272
• PEG Ratio: 5.98
• Price to Book (P/B): 2.78
• Price to Sales (P/S): 1.84
• P/FCF Ratio: 17.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: ₹31.00 ▲(16.45% Upside)

The score is primarily supported by strong financial performance, especially improved cash generation and solid revenue growth with healthy gross margins. Technicals are moderately positive with price holding above key moving averages, though momentum indicators are mixed (slightly negative MACD). Valuation is the main constraint, with a high P/E and only a modest dividend yield.

Positive Factors

Revenue Growth

Sustained top-line expansion driven by both textiles and paper supports capacity utilization and scale economies. Over 2-6 months this underpins investment flexibility, recurring export demand resilience, and the firm’s ability to fund margin-improving initiatives without relying on short-term market moves.

Healthy Balance Sheet

A strong equity base and low leverage provide durable financial flexibility to weather commodity cycles, invest in capacity, and maintain dividends or buybacks. Lower fixed financial obligations reduce refinancing risk and support strategic capital allocation over several quarters.

Improved Cash Generation

Consistent positive free cash flow and high operating-cash-to-income ratio indicate robust cash conversion. This strengthens ability to fund capex, pay down debt, and invest in product mix upgrades, making operational plans more sustainable across cycles.

Negative Factors

Low Return on Equity

ROE near 8% signals that asset and equity bases are not translating into strong shareholder returns. Over the medium term this may limit investor appeal and suggests management needs to improve capital efficiency or pursue higher-margin segments to lift long-term profitability.

Modest Net Margin

Wide gap between high gross margin and low net margin suggests elevated operating, financing, or non-operating costs. Structurally, unless SG&A or other costs are controlled, earnings sensitivity to revenue swings remains high, constraining durable bottom-line improvement.

Commodity Input Exposure

Core businesses depend on cotton, energy and paper pulp costs and export demand. These input and demand swings are structural risks that can compress margins and cash flow unpredictably over months, requiring active hedging or pricing power to mitigate long-term impact.

Trident Limited Business Overview & Revenue Model

Company Description

Trident Limited engages in manufacturing, trading, and sale of textiles, papers, and chemicals in the United States, India, and internationally. It provides cotton combed, special open-end, organic cotton, core spun, blended, eli-twist, slub, compact, air rich, certified cotton, mélange, packed dye, gassed mercerized, zero twist, wrapper, bamboo/cotton, modal/cotton, soya/cotton, polyester/cotton, BCI cotton, BMP cotton, and dyed yarns; home textiles; bath linen products; and bed linen products. The company also offers copier, writing and printing maplitho, bible and offset print, bond, stiffener, cartridge, index, watermark, drawing, digital printing, carry bag, wedding card, sublimation, and virgin unbleached kraft papers; and commercial, battery, and laboratory reagent grade sulphuric acid. It also exports its products. The company was formerly known as Abhishek Industries Limited and changed its name to Trident Limited in April 2011. Trident Limited was incorporated in 1990 and is headquartered in Ludhiana, India.

How the Company Makes Money

Trident Limited generates revenue through multiple streams, primarily from the sale of its textile products, which include yarn and home textiles, as well as its paper products. The textile division accounts for a significant portion of its earnings, driven by demand from the global apparel industry. Additionally, the company has a chemicals segment that contributes to its revenue. Trident has established partnerships with various retailers and distributors, enhancing its market reach. The company also focuses on exporting a substantial portion of its products, which provides a steady influx of foreign currency. Furthermore, initiatives aimed at sustainability and innovation help maintain a competitive edge, potentially increasing profitability.

Trident Limited Financial Statement Overview

Summary

Strong overall fundamentals driven by solid revenue growth (8.55% from 2024 to 2025), robust gross margin (~48.41%), and a meaningful cash flow turnaround with positive free cash flow in 2025 and strong cash conversion (operating cash flow to net income ratio of 2.55). Offsetting factors include a modest net margin (5.29%) and relatively low ROE (8.00%).

Income Statement

Trident Limited has demonstrated strong revenue growth, with a notable increase from 2024 to 2025, reflecting a 8.55% growth rate. The gross profit margin is robust at approximately 48.41% in 2025, indicating efficient production processes. However, the net profit margin remains modest at 5.29%, suggesting room for improvement in cost management or pricing strategies. The EBIT margin has improved significantly to 35.22%, showcasing enhanced operational efficiency.

Balance Sheet

The company's balance sheet shows a healthy equity ratio of 64.55% for 2025, indicating a strong equity base relative to total assets. The debt-to-equity ratio is 0.35, suggesting a conservative use of debt. However, the return on equity (ROE) is relatively low at 8.00%, indicating that the company could optimize its use of equity to generate higher returns.

Cash Flow

Trident Limited has shown a remarkable improvement in its cash flow position. The free cash flow has turned positive in 2025, marking a significant turnaround from 2024. The operating cash flow to net income ratio is 2.55, highlighting strong cash generation relative to earnings. This indicates solid operational cash flow management and the ability to fund future investments or reduce debt.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	69.51B	69.87B	68.09B	63.32B	69.98B	45.31B
Gross Profit	33.79B	33.42B	33.00B	29.15B	36.19B	24.86B
EBITDA	9.63B	9.00B	9.30B	9.29B	14.89B	8.07B
Net Income	4.36B	3.70B	3.50B	4.41B	8.34B	3.04B
Balance Sheet
Total Assets	0.00	71.61B	75.63B	68.29B	64.89B	57.72B
Cash, Cash Equivalents and Short-Term Investments	6.81B	6.81B	4.84B	3.46B	2.75B	1.07B
Total Debt	0.00	16.35B	21.26B	14.42B	15.97B	15.62B
Total Liabilities	-46.21B	25.40B	32.46B	26.35B	26.44B	24.43B
Stockholders Equity	46.21B	46.21B	43.15B	41.93B	38.45B	33.28B
Cash Flow
Free Cash Flow	0.00	7.15B	-3.60B	6.47B	5.41B	1.71B
Operating Cash Flow	0.00	9.45B	2.87B	14.26B	9.03B	5.05B
Investing Cash Flow	0.00	-2.05B	-7.18B	-11.65B	-3.43B	-1.55B
Financing Cash Flow	0.00	-6.82B	3.40B	-4.10B	-3.87B	-5.70B

Trident Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIDENT, the sentiment is Positive. The current price of 26.62 is above the 20-day moving average (MA) of 26.02, below the 50-day MA of 26.82, and below the 200-day MA of 28.71, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 70.00 is Neutral, neither overbought nor oversold. The STOCH value of 68.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRIDENT.

Trident Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PGHL	73 Outperform	₹86.65B	28.24	―	3.28%	3.01%	22.98%
TRIDENT	69 Neutral	₹131.53B	29.27	―	1.84%	0.75%	37.44%
VTL	68 Neutral	₹132.04B	16.34	―	1.13%	2.50%	6.26%
VGUARD	67 Neutral	₹149.88B	52.12	―	0.45%	6.34%	-2.25%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GODREJAGRO	58 Neutral	₹106.52B	24.28	―	1.92%	5.24%	9.79%
LMW	46 Neutral	₹155.75B	135.59	―	0.20%	―	―

Trident Limited Corporate Events

Trident Submits SEBI Demat Compliance Certificate for December Quarter

Trident Limited has notified the stock exchanges that it has obtained and submitted the requisite compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended December 31, 2025, as issued by its registrar and share transfer agent, KFin Technologies Limited. The filing confirms that details of securities dematerialised and rematerialised during the quarter have been duly furnished to all stock exchanges where Trident’s shares are listed, underscoring the company’s adherence to depository regulations and its ongoing focus on maintaining transparent, regulation-compliant shareholding records for stakeholders.

Trident Limited Opens Special Window for Share Transfer Re-lodgement

Trident Limited has announced a special window for the re-lodgement of transfer requests for physical shares, applicable from July 7, 2025, to January 6, 2026. This initiative is aimed at shareholders whose original share transfer requests were rejected or not processed due to documentation deficiencies or other reasons, and the shares will be processed in dematerialized form during this period.