Hey are searching for Trident Ltd share price target, prediction, and forecast, then you are in the right place. In the article, we are predicting Trident’s share price based on fundamental analysis and technical analysis. The detailed study is summarized below.
Trident is one of the flagship company of the Trident group was incorporated in April 1990 and its headquarter is located in Ludhiana. Earlier Trident was known as Abhishek Industries Limited. The company is one of India’s largest towel manufacturers, agro-based paper manufacturers, and yarn producers.
The company starts its business with 17.280 spindles of yarn; the group today exports over 75 countries and became one of the largest yarn producers in India.
The company has 20-plus plants at 3 manufacturing locations such are Sanghera in Punjab Punjab, Dhaula in Punjab, and Budhni in Madhya Pradesh and nearly 14,998 employees are working.
The company has sales offices all over the world like New York, England, Dubai, New Delhi, Mumbai, Gurugram, Chandigarh, and Bhopal.
The company works on the shop-in-shop concept and has teamed with major online companies to meet the changing customer demand.
The main brands of the company are Trident, Royal Touch, Trident My Choice, Trident Natural, Trident Spectraa Bond, Trident Digiprint, Trident Enviro, Trident Spectra, Trident Nectarsoft, Trident Dusk & Dawn, Trident Soft Comfort, Trident Home Essentials, Trident Indulgence, Epitome, Marvella, Endure, Delite Premia and Home Décor and Design.
Company profile
| Company name | Trident Limited |
| Incorporated | 1990 |
| Chairman | Mr. Rajinder Gupta |
| Registered Address | Trident Group, Sanghera |
| Website | tridentindia.com |
The company segregates its operations into four main segments.
- Yarns
- Home Textile
- Paper
- Chemicals and power segment
Yarns
Today the company has the largest spinning installation at a single campus in India that produces high-quality cotton yarn for domestic usage in the home textile industry.
Home Textile
In-home textiles the company has two segments bath and bed linen. The company is committed to innovation in all aspects of its operations, including manufacturing infrastructure, fiber utilization, yarn production, and processing.
Bath Line Division
The company is one of the largest producers of terry towels and its major market is the US. Some product portfolios are Jacquard, Bath rugs, Bath mats, waffle, infants & kids, etc.
Bed linen
The company provides a complete bedding solution with a wide product portfolio like solid/ printed sheets, pillowcases, top-up sheets, quilts, fitted sheets, coverlets, etc.
Paper
The company provides high-quality, multi-color, high-speed printing and publishing paper and high-quality branded copier paper. Some products are Trident spectra, trident Royal Touch, Trident My choice, trident digi print, super line, drawing paper, sliver line, index paper, etc.
Chemicals and power segment
The company is a leading manufacturer of sulphuric acid with superior quality LR/AR grade Sulphuric acid, based on a borosilicate glass-making facility.
Fundamentals Of Trident
| Market Cap | 16,154.18 Cr. |
| No. of Share | 509.60 Cr. |
| PE | 33.72 |
| PB | 4.30 |
| ROE | 12.74 |
| EPS | 0.94 |
| Dividend Yield | 0.14% |
| Cash | 273.39 Cr. |
| DEBT | 1,570.62 Cr |
| Sales Growth | 53.10% |
| Profit Growth | 135.70% |
Fundamental analysis of Trident
The ROE of the company is 22.91% which indicates the ability of the company to generate profits from its share holder’s investment in the company. The shows a good ROE ratio.
The company’s Debt to equity ratio is 0.14 which means that the company has a low proportion of debt in its capital.
Sales growth indicates that the company doing well and the company reported revenue growth of 53.10% which is fair for its growth and performance.
The pays dividends to its investor and this current year the company pays dividends of Rs. 0.36 and the yield is 1.03% which is good on its price.
The company has a PE ratio of 33.72 which is high and the company is now overvalued.
The interest coverage c ratio of the company is 13.74 and it’s good for the company.
The cash conversion cycle of the company is 45.11 days, which means the company has more liquid cash in it.
The company has not pledged its stack is good for the company.
Technical analysis of Trident
For the long-term view, we are using the monthly chart to know the future of the Trident share price movement. On the monthly chart the stock downtrend right now as on 23 Feb 2023 the stock is trading at nearly 31.15 Rs. The first support for the stock is 27.05, the second support is 18.25 and the third support is 16.23. the major resistance for the stock is the first resistance is 36.10, the second resistance is 43.35 and the third resistance is 54.85.
The stock is now consolidation phase and taking support on the 30 Rs levels. It is the fundamentally strong stock leader in the textile sector.
If the stock bounces back from its support of 30 Rs. And sustains above 36.10 then its first target will be 43, the second target will be 55 and the third target will be 72.
The price prediction of the stock is derived from its historical data and its price movement analysis bases.
Trident Share Holding pattern
Promoter holding is more than 70% which indicates the promoter’s trust in the company’s future growth.
FII and DII holding in the company is less than 10% which indicates that smart money is not interested in the company.
Public holding in the company is nearly about 24.66% which creates more liquidity in the market. That is not good for the company’s growth.
Trident share price target/prediction and forecast.
| Year | Minimum | Maximum |
| 2023 | 27.05 | 43.35 |
| 2024 | 36 | 55 |
| 2025 | 50 | 72 |
| 2026 | 68 | 114 |
| 2027 | 103 | 185 |
| 2028 | 176 | 253 |
| 2029 | 240 | 323 |
| 2030 | 315 | 402 |
Trident share price target 2023
Trident’s share price target for 2023 will be a minimum of 27.05 and a maximum will be 43.35. The expected target will be 41.
Trident share price target 2024
Trident’s share price target for 2024 will be a minimum of 36 and a maximum will be 55. The expected target will be 51.
Trident share price target 2025
Trident’s share price target for 2025 will be a minimum of 50 and a maximum will be 72. The expected target will be 67.
Trident share price target 2026
Trident’s share price target for 2026 will be a minimum of 68 and a maximum will be 114. The expected target will be 109.
The trident share price target 2027
Trident’s share price target for 2027 will be a minimum of 103 and the maximum will be 185. The expected target will be 180.
Trident share price target 2028
Trident’s share price target for 2028 will be a minimum of 176 and a maximum will be 253. The expected target will be 248.
The trident share price target 2029
Trident’s share price target for 2029 will be a minimum of 240 and a maximum will be 323. The expected target will be 314.
Trident share price target 2030
Trident’s share price target for 2030 will be a minimum of 315 and the maximum will be 402. The expected target will be 392.
Conclusion:
Searching for a good stock for long-term investment is a time-consuming task for the individual investor. This one we find out for you. The stock is fundamentally strong and is the leader in the textile industry. If we want to invest in this stock carefully analyze all ratios and balance sheets before investment. For want you can information email us or comment below and if you like this article give star us and share this article with your friend and family.
what is the trident share price target for 2025?
Trident’s share price target for 2025 will be a minimum of 50 and a maximum will be 72. The expected target will be 67.
What is the trident share price future?
Trident is fundamentally strong and the future of the company is good.
will trident share go up in the future?
yes, the trident share go up in the future. If the stock bounces back from its support of 30 Rs. And sustains above 36.10 then its first target will be 43, the second target will be 55 and the third target will be 72.