1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Trident Limited

Trident Limited

TRIDENT.BO
Trident LimitedIN flagBombay Stock Exchange
26.25
INR
-0.02
- -
133.71BMarket Cap
Trident Limited
TRIDENT.BO
(Bombay Stock Exchange)

Recent

price

26.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
11.34
9.61
10.52
12.06
7.69
7.03
9.05
8.5
9.85
8.84
8.42
13.15
11.94
12.79
13.79
- -
13.24
Revenue per Share
0.3
-0.16
0.16
0.62
0.25
0.47
0.68
0.53
0.75
0.68
0.61
1.67
0.88
0.69
0.73
- -
0.74
Basic EPS, GAAP
-0.58
-0.73
0.95
1.92
0.69
-1.16
1.67
0.55
1.1
2.11
0.34
1.08
1.29
-0.72
1.41
- -
- -
Free Cash Flow per Basic Share
- -
0.12
- -
- -
0.1
0.07
0.18
0.18
0.32
0.51
- -
0.72
0.36
0.36
0.36
- -
- -
Dividend per Share
1
1.84
1.83
2.38
2.16
2.43
2.82
2.89
3.32
3.5
4.23
5.19
5.71
5.97
6.3
- -
1.01
Book Value per Share
2.37
2.33
2.27
2.94
4.56
4.7
5
5.37
5.88
5.98
6.57
7.62
8.3
8.46
9.03
- -
9.36
Tangible Book Value per Share
2,222
2,759
3,080
3,111
4,772
5,090
4,978
4,978
4,981
4,979
4,996
4,999
5,009
5,032
5,067
- -
5,062
Basic Weighted Avg Shares
25,206
26,502
32,408
37,525
36,714
35,781
45,070
42,306
49,082
44,043
42,045
65,752
59,824
64,368
69,871
67,010
67,010
Sales/Revenue/Turnover
8.25
6.36
11.26
13.22
9.43
11.47
10.58
10.16
14.66
12.12
11.51
17.94
10.58
8.46
7.57
8.48
8.48
Operating Margin (%)
1,947
2,075
2,614
2,684
3,213
3,366
4,125
4,041
3,640
3,337
3,368
3,328
3,128
3,650
3,662
3,173
3,173
Depreciation Expense
671
-437
493
1,940
1,179
2,421
3,372
2,662
3,718
3,397
3,044
8,338
4,407
3,495
3,699
3,771
3,771
Net Income, GAAP
- -
- -
39.19
25.69
29.83
13.93
23.15
32.06
32.43
19.32
23.6
25.32
23.74
26.6
21.88
27.47
27.47
Effective Tax Rate (%)
2.66
-1.65
1.52
5.17
3.21
6.77
7.48
6.29
7.57
7.71
7.24
12.68
7.37
5.43
5.29
5.63
5.63
Profit Margin (%)
-2,799
-3,231
-4,135
-2,620
-2,665
-644
820
1,444
2,153
549
-104
5,456
5,804
9,964
12,604
9,207
9,207
Working Capital
8,787
12,726
9,492
7,659
13,961
21,365
17,442
14,108
9,536
7,215
2,805
3,337
8,646
12,314
10,150
8,744
8,744
LT Debt
5,315
6,504
7,061
9,278
22,022
24,361
25,395
27,262
29,730
30,214
33,283
38,447
41,941
43,177
46,210
47,714
47,714
Total Equity
- -
- -
7.56
12.89
6.37
6.6
6.69
5.51
8.89
8.27
7.47
16.96
8.66
6.61
6.49
6.39
6.39
Return on Invested Capital (%)
- -
- -
6.52
12.34
7.87
8.78
10.11
8.32
10.71
11.23
9.86
22.75
11.75
9.79
9.45
12.83
12.83
Return on Capital (%)
17.26
-11.97
9.21
29.75
13.31
21.22
25.55
18.71
24.04
20.01
15.79
35.42
16.16
11.92
11.94
20.37
20.37
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
6,618
- -
9,541
LT Borrowings
8,929
- -
8,223
LT Finance Leases
500
- -
521
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,095
- -
5,096
Market Capitalization
147,177
137,020
114,108

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
22,547
- -
25,234
Cash, Cash Equivalents & STI
7,811
- -
8,467
Accounts Receivable, Net
2,990
- -
2,469
Inventories
9,649
- -
12,048
Total Current Liabilities
13,818
- -
16,027
Payables & Accruals
- -
- -
- -
ST Debt
6,618
- -
9,541
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.03%
7.57%
3.26%
Free Cash Flow
-45.6%
-51.43%
-37.88%
Net Income, GAAP
15.27%
22.77%
1.95%
Sales/Revenue/Turnover
8.05%
11.89%
-4.09%
Total Cash Common Dividend
- -
6.59%
40.21%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14,937
17,975
18,353
13,103
64,368
2025
17,427
17,129
16,671
18,643
69,871
2026
17,069
17,872
15,745
16,325
67,010

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
0.18
0.22
- -
0.69
2025
0.15
0.17
0.15
0.25
0.73
2026
0.27
0.18
0.09
0.2
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.36
2025
- -
- -
- -
- -
0.36
2026
- -
- -
- -
- -
- -
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Business
Trident Limited (TRIDENT.BO), incorporated in 1990 and headquartered in Ludhiana, Punjab, India, manufactures, trades and sells textiles, paper, chemicals and energy products with operations spanning India, the United States and over 100 countries across six continents. The company operates through segments including yarn such as carded, special open-end, air jet, 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 encompassing terry towels, bath linen, bedsheets, bed linen and rugs; paper products like branded copier, writing, printing maplitho, bible and offset printing paper made from wheat straw; and chemicals such as LR/AR grade sulphuric acid used in batteries, zinc sulphate, alum, dyes and detergents, supported by captive power generation. As the world's largest terry towel manufacturer by capacity, India's largest wheat straw-based paper producer and a leading home textile exporter, Trident maintains state-of-the-art facilities in Punjab and Madhya Pradesh, serving global retailers including Ralph Lauren, Calvin Klein, IKEA, Walmart and Target. Recent developments include Trident Home Textiles Limited's acquisition of additional shares in wholly-owned subsidiary Trident Global B.V. in June 2024 to strengthen textiles and paper operations; a September 2025 investment of INR 249.99 crore for a 30.42% stake in Trident Global Corp Limited; INR 785 crore capex in FY2024 toward spinning, sheeting, towel manufacturing and power plant expansions; a November 2025 announcement of INR 2,000 crore Punjab expansion creating 2,000 jobs; and launches of myTrident e-commerce growth initiatives, festive campaigns and recruitment drives like Karmayogi for 3,000 hires.