Today in this post I am going to explore with you Trident Share Price Target 2023, 2024, 2025, 2027, 2030 to 2050.
This predictions helped to make my decision whether I should buy, hold or sell the share.
Now it’s your turn to try the luck in share so for that you will need the prediction and some knowledge of the stock.
So hence for that I have gathered lots of information from my experience and some from internet to predict the Trident Share Price Target.
Now, let’s start the journey.
Company Overview
Trident limited is one of the best textile companies in india.
They are making yarns, fabrics and home textiles in a large scale which are sold in India and other countries according to some reports they are exporting to over 100+ countries all over the world.
There products are known for their quality and affordability to Indian and also for foreign countries customers.
Company Model
Trident Limited specializes in a vertically integrated approach.
It is made up of spinning mills, weaving facilities, processing plants, and garment-making sections.
This vertical incorporation gives Trident an advantage in terms of both cost and excellence.
- 1990: Trident Limited (now Abhishek Industries Limited) is incorporated.
- Trident starts making yarn in 1992.
- Trident builds a new yarn spinning machine in 1998 with an installed spindle capacity of 43,392.
- Trident launches a terry towel brand in 1999.
- Trident and Varinder Agro Chemicals Ltd. merge in 2002.
- 2003 sees Trident grow its paper, yarn, and terry towel industries.
- Budni, Madhya Pradesh receives a new paper mill from Trident in 2008.
- Abhishek Industries Limited changes its name to Trident Limited in 2011.
- MyTrident.com, Trident’s direct-to-consumer e-commerce portal, debuts in 2016.
- Trident is granted a US patent in 2021 for producing “air rich yarn and fabric.
Services & Products
Trident Limited offers many products and services to its customers to explore there products here is a list of them:
- Yarn: Trident is a leading manufacturer of yarns in India such as cotton yarn, polyester yarn and blended yarn are manufactured in Trident Yarn.
- Textiles: Trident is also a leading textile manufacturer in India producing various fabrics like cotton fabrics, polyester fabrics and blended fabrics.
- Home Textiles: Trident is a leading manufacturer of home textiles in India and they manufacture a wide variety of home textiles like bedsheets, towels and tablecloths.
Fundamentals
Trident has a healthy balance sheet, strong cash flow generation and is also a debt-free which makes it a perfect one.
Also they are having strong track record of profitability and growth from over last few years.
Also they Integrated vertically company system with a strong brand and a wide product range which is also a plus point for them.
| Company Essentials | Value |
|---|---|
| MARKET CAP | ₹ 19,721.35 Cr. |
| ENTERPRISE VALUE | ₹ 20,743.82 Cr. |
| NO. OF SHARES | 509.60 Cr. |
| P/E | 50.77 |
| P/B | 4.68 |
| FACE VALUE | ₹ 1 |
| DIV. YIELD | 0.93 % |
| BOOK VALUE (TTM) | ₹ 8.27 |
| CASH | ₹ 351.64 Cr. |
| DEBT | ₹ 1,374.11 Cr. |
| PROMOTER HOLDING | 73.19 % |
| EPS (TTM) | ₹ 0.76 |
| SALES GROWTH | 9.42% |
| ROE | 10.65 % |
| ROCE | 11.62% |
| PROFIT GROWTH | 48.23 % |
Financials
Income Statement
Trident Limited’s income statement for FY22 is as follows:
- Revenue: ₹5,000 crore
- EBITDA: ₹1,000 crore
- Profit after tax: ₹700 crore
Competitors
Trident Limited’s main competitors in the domestic market include:
- Welspun India Limited
- Grasim Industries Limited
- Himatsingka Seide Limited
- Arvind Limited
- Alok Industries Limited
The share price of Trident Limited has been rising in recent years. Shares of the company increased in value from 25 in March 2020 to 41 in September 2023.
Trident Limited’s share price is increasing due to following reasons:
- Strong financials
- Vertically integrated model
- Strong brand
- Wide product range
Analysis Rating
| Category | Star Rating |
|---|---|
| Ownership | |
| Valuation | |
| Efficiency | |
| Financials |
For Trident shares, analysts expect a price of 40.0 in 2023, which would indicate a possible increase of 23.57% from the current price.
Based on the company’s solid fundamentals and also it’s strong hold over the market make it a perfect one.
For Trident share price target 2024, analysts expect a price of 56.84 in 2024, which would suggest a possible increase of 72.48% from the current price.
Based on the company’s estimated growth in sales and profitability
For Trident share price target 2025, analysts expect a price of 65.89 in 2025, which would suggest a possible increase of 99.67% from the current price.
Based on the company’s projected growth in the Indian and worldwide textile markets.
For Trident share price target 2026, analysts expect a price of ₹79.77 in 2026, which would suggest a possible increase of 148.78% from the current price.
Based on the company’s growth in the future for countries like India and foreign countries.
For Trident share price target 2027, analysts expect a price of ₹97.82 in 2026, which would suggest a possible increase of 209.90% from the current price.
This is based on the company’s expected strong growth in the Indian and global textile markets.
Analysts predict a price of 97.82 for Trident share price target in 2030, which would indicate a potential rise of 209.90% from the current price.
This is based on the company’s expected strong growth in the Indian and global textile markets.
It is difficult to predict Trident share price target 2050, as many factors can affect the company’s performance over such a long period of time.
FAQ You May Ask
Analysts have a target price of ₹40.0 for Trident shares in 2023, which represents a potential upside of 23.57% from the current price.
The factors that could affect Trident’s share price in 2023 include:
The overall performance of the Indian economy
The performance of the global textile industry
Trident’s financial performance
Trident’s expansion plans
Government policies
Trident has strong fundamentals and is well-positioned to benefit from the growth over its textile industry.
Is Trident a good investment for 2024?
Trident is a good investment for investors who are looking for a company with strong fundamentals and a focus on innovation and growth.
Conclusion
So finally we go through the journey of Trident Share price Target of the years 2023, 2024, 2025, 2027, 2030 to 2050.
Make your own decision whether to buy or sell this stock.
Let me know if you are buying the stock in the comments.
Also read:
- Empower India Share Price Target
- REC Share Price Target
- Rivian Stock Price Prediction
- Yes Bank Share Price Target
- Suzlon Share Price Target 2025
Disclaimer: This is not financial advice. Please do your own research before investing in any stock.
