On 6 Nov 2026, Trident was priced at ₹23.88, or 25.4× trailing earnings, against an industry P/E of 17.0×, and the shares are 23% below their 52-week high. It earns ROCE of 11% and ROE of 10%, and sales grew 1.8% a year over 3 years while net profit fell 5.1%. Its dividend yield is 2.1%, and debt is 0.29× equity. It is a small-cap company with a market cap of ₹12,168 Cr, ranked 5th of 246 Textile Manufacturing companies by market cap; the shares fell 17% over the past year.
- ₹23.79
- ₹24.00
- ₹23.35
- ₹23.86
- 60.3 L
Health check
- ReturnsBehind
−16.6% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 25.4 vs industry 17.0.
- GrowthSlow
Sales +1.8%, profit −5.1% a year over 3 years.
- ProfitabilityWeak
ROCE 10.7% vs peer median 15.4%.
- Balance sheetFair
Debt 0.29× equity, interest covered 5.6×, Piotroski 5 of 9.
- Red flags1 to check
Quarterly sales down 3.8% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹12,168 Cr
- Small cap
- P/E
- 25.4
- Industry 17.0
- Price to book
- 2.53
- Peers 4.47
- Dividend yield
- 2.09%
- ROE
- 10.1%
- Peers 11.1%
- ROCE
- 10.7%
- Peers 15.4%
- Debt to equity
- 0.29
- Debt ₹1,433 Cr
- EPS (TTM)
- ₹0.94
- Face value ₹1
- OPM (TTM)
- 14.9%
- Net margin 7.2%
- Sales growth
- −3.8%
- Latest quarter vs a year ago
- Profit growth
- +93.1%
- Latest quarter vs a year ago
- Price to sales
- 1.81
- EV/EBITDA 13.4
Strengths and risks
Strengths
- Dividend yield of 2.09%.
- Quarterly profit up 93.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 3.8% on a year ago.
About Trident
Trident Limited manufactures, trades, and sells textiles, Yarn, paper, chemicals, and energy in India, the United States, and internationally. The company operates through four segments: Yarn, Towel, Bedsheets, Paper and Chemicals. The company offers cotton combed, open-end, air jet, organic cotton, core spun, blended, eli-twist, slub, compact, air-rich, certified cotton, mélange, packed dye, zero twist, and dyed yarns; and home textiles, including bath…
- Headquarters
- Barnala
- Employees
- 11,560
- Sector
- Consumer Cyclical
- ISIN
- INE064C01022
- Website
- tridentindia.com
Price range
- Avg volume (3M)
- 78.4 L
- 1-year return
- minus 16.6%
- From 52-week high
- minus 22.8%
Peers · Textile Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KPRMILLK.P.R. Mill | 1,164.40 | minus 0.25% | 39,883 | 38.3 | 6.41 | 20.0% | 18.0% | 22.1% | 2.3% | 2.1% | 0.43% | plus 10.5% |
| WELSPUNLIVWelspun Living | 241.30 | minus 4.75% | 22,717 | 52.8 | 4.47 | 5.8% | 8.8% | 28.7% | 5.7% | 0.9% | 0.04% | plus 96.2% |
| VTLVardhman Textiles | 508.80 | minus 4.89% | 14,729 | 14.3 | 1.38 | 8.6% | 7.3% | 13.7% | −0.8% | −2.1% | 0.98% | plus 22.2% |
| ARVINDArvind | 494.75 | minus 0.58% | 12,969 | 28.4 | 3.10 | 15.4% | 11.1% | 10.9% | 3.4% | 0.8% | 0.91% | plus 57.3% |
| TRIDENTTrident | 23.88 | plus 0.08% | 12,168 | 25.4 | 2.53 | 10.7% | 10.1% | 14.9% | 1.8% | −5.1% | 2.09% | minus 16.6% |
| ICILIndo Count Industries | 489.85 | minus 2.25% | 9,702 | 39.8 | 3.81 | 9.5% | 5.5% | 9.7% | 11.6% | −22.9% | 0.31% | plus 78.7% |
| GARFIBRESGarware Technical Fibres | 715.65 | minus 2.13% | 6,988 | 29.8 | 4.97 | 19.3% | 15.3% | 19.2% | 5.6% | 4.9% | 1.26% | minus 3.9% |
| KUSUMGARKusumgar | 552.35 | minus 6.74% | 5,799 | 43.2 | 11.18 | 24.5% | 25.8% | 25.4% | 31.7% | 38.2% | 0.00% | minus 8.4% |
| Median of 7 peers | – | −2.25% | 12,969 | 38.3 | 4.47 | 15.4% | 11.1% | 19.2% | 5.6% | 0.9% | 0.43% | 22.2% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,787 | 1,574 | 1,633 | 1,787 | 1,719 | |
| 1,573 | 1,435 | 1,390 | 1,478 | 1,408 | |
| 215 | 139 | 242 | 309 | 312 | |
| 12.0% | 8.9% | 14.8% | 17.3% | 18.1% | |
| 17.2 | 19.8 | 6.1 | 7.9 | 24.9 | |
| 24.9 | 25.6 | 32.2 | 30 | 32.5 | |
| 82.9 | 71.9 | 69.7 | 70.2 | 71.5 | |
| 124 | 61.8 | 146 | 216 | 232 | |
| 26.6% | 28.4% | 30.4% | 26.9% | 24.5% | |
| 90.9 | 44.2 | 102 | 158 | 176 | |
| 0.18 | 0.09 | 0.20 | 0.31 | 0.34 |
Profit & loss
- Sales CAGR 3Y
- +1.8%
- Profit CAGR 3Y
- −5.1%
- EPS CAGR 3Y
- −5.6%
- ROE
- 10.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5,982 | 6,437 | 6,590 | 6,305 | |
| – | +7.6% | +2.4% | minus 4.3% | |
| 5,037 | 5,527 | 5,690 | 5,419 | |
| 946 | 909 | 900 | 885 | |
| 15.8% | 14.1% | 13.7% | 14.0% | |
| 23 | 81.2 | 67.1 | 57.7 | |
| 77.9 | 154 | 128 | 113 | |
| 313 | 365 | 366 | 317 | |
| 1.1 | 5.1 | 2 | 7.8 | |
| 579 | 477 | 475 | 520 | |
| 23.7% | 26.6% | 21.9% | 27.5% | |
| 441 | 350 | 370 | 377 | |
| – | minus 20.7% | +5.8% | +2.0% | |
| 0.88 | 0.69 | 0.73 | 0.74 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 510 | 510 | 510 | 510 | |
| 3,683 | 3,806 | 4,111 | 4,262 | |
| 1,442 | 2,126 | 1,635 | 1,829 | |
| 1,194 | 1,122 | 905 | 937 | |
| 6,829 | 7,563 | 7,161 | 7,537 | |
| 4,447 | 4,640 | 4,479 | 4,464 | |
| 385 | 87.5 | 64 | 153 | |
| 161 | 49 | 0.4 | 161 | |
| 356 | 505 | 539 | 514 | |
| 1,480 | 2,282 | 2,079 | 2,245 | |
| 6,829 | 7,563 | 7,161 | 7,537 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,426 | 287 | 945 | 760 | |
| −1,165 | −718 | −205 | −676 | |
| −410 | 340 | −682 | −137 | |
| −149 | −91 | 57.4 | −52.9 | |
| −779 | −647 | −230 | −316 | |
| 647 | −360 | 715 | 444 | |
| −180 | −181 | −181 | −254 |
Shareholding pattern
- Promoters73.68%
- Public26.32%
- Employee trusts0.01%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 73.68% | 26.32% | 0.00 | |
| 30 Jun 2026 | 73.68% | 26.32% | 0.00 | |
| 31 Mar 2026 | 73.68% | 26.32% | 0.00 | |
| 31 Dec 2025 | 73.68% | 26.32% | 0.00 | |
| 30 Sep 2025 | 73.68% | 26.31% | – |
Major shareholders
Filings & events
News
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