Know your Company: Trident Ltd
CMP 43.45- NSE:18-Jan 3:29 PM IST
Labels: Trident Ltd, Small Cap Stocks, Mid Cap Stocks, Multibaggers shares 2016, Multi fold return, Trident Group, Terry towel, Hidden Gems, Value Picks.
Long term investors usually seek for some bullish stocks which are undervalued or under priced (also termed as 'Hidden Gems') in order to get multi-fold return in 1 to 3 years of time horizon but finding 'Multibagger Stocks' is not an easy task, one has to go to its fundamentals first then business prospects in next 3 to 5 years. In present post we will try to seek fundamentals and growth prospects of "Trident Ltd" a company engaged in production of Textile, Yarn, Paper etc. and world's largest manufacturer of terry towels .
Long term investors usually seek for some bullish stocks which are undervalued or under priced (also termed as 'Hidden Gems') in order to get multi-fold return in 1 to 3 years of time horizon but finding 'Multibagger Stocks' is not an easy task, one has to go to its fundamentals first then business prospects in next 3 to 5 years. In present post we will try to seek fundamentals and growth prospects of "Trident Ltd" a company engaged in production of Textile, Yarn, Paper etc. and world's largest manufacturer of terry towels .
About Trident Ltd
Trident Group is a leading diversified group of businesses throughout the world. Trident Limited (Trident) is a company under the umbrella of Trident Group, it has a USD 1 billion Indian business conglomerate and it has its business operation at global level. Trident Ltd was Incorporated in 1990, the company continues to flourish under the dynamic and efficient leadership of the chairman Mr. Rajinder Gupta.
Trident Ltd is one of the leading yarn producers in India and It has proud ownership of the largest producer for terry towels in the world. Trident Ltd has 8 yarn units at Sanghera (Punjab) and Budni (MP), while the integrated Dhaula complex (Punjab) has three home-textile units, two paper units, chemicals and energy. The capacities have reached global scale – yarn (100,800tons), terry towel (360mn pieces), paper (450tpd). And thereby it is providing competitive edge in the commoditised sector, it has also attractive online presence in India with highly diversified customer with MNCs in 75 countries across the world, consisting of 9 of the top 10 retailers in U.S and 6 leading retailers in Europe with 5 of the top 7 in Australia and New Zealand.
Key Highlights;
- Business interests in Home Textile, Yarn, Paper & Chemicals and Energy.
- World's largest manufacturer of terry towels.
- One of the largest manufacturer of wheat straw based paper.
- One of the top 10 yarn manufacturers in India.
- With a CAGR of over 30%, one of the fastest growing group of companies in the country
Financial Ratios:
- MARKET CAP (RS CR): 2,210.67
- P/E: 12.54
- BOOK VALUE (RS): 28.60
- DIV (%): 6.00%
- MARKET LOT: 1
- INDUSTRY P/E: 16.89
- EPS (TTM): 3.46
- P/C: 4.44
- PRICE/BOOK: 1.52
- DIV YIELD.(%): 1.38%
- FACE VALUE (RS): 10.00
Shareholding Pattern of Trident Ltd
| (in %) | Sep-15 | Jun-15 | Mar-15 |
| Promoter | 66.58 | 66.57 | 66.60 |
| FII | 0.69 | 0.61 | 0.73 |
| DII | 1.60 | 1.59 | 1.60 |
| Others | 31.13 | 31.23 | 31.07 |
| Total | 100.00 | 100.00 | 100.00 |
"Trident Ltd" in News;
- Trident begins production of bed-linen in MP plant : "Trident has commenced production today at its integrated bed-linen project of 500 looms capable of producing 43.2 million meters of bed-linen per annum and around 1.9 lakh yarn spindles for captive consumption at Budni, Madhya Pradesh," the company said in its filing to exchanges.
- Trident jumps 5% on incorporation of subsidiary in UK
- Trident Q2 net up over two-fold to Rs 51 cr: Business Standards
- $650 billion opportunity by 2025 for Textile Industry: Pick the winners now!!
Our take on "Trident Ltd" at CMP;
Trident Ltd trades at 12x FY16 P/E which shows the stock is under priced recently it has sharp decline from Rs. 55 due to global turmoil, so once it cross this level again it will be re rated. With global scale in home textiles, Trident Ltd has strong focus on value addition and portfolio enhancement. And we do believe Trident Ltd is poised to leverage its business model to drive earnings and consolidate its balance sheet in good manner. So at cmp seeing risk-reward ratio it is of course a value pick for those who have time horizon of 18 months and above. This is for those investor who seek "Hidden Gems"/value investments in small cap & mid cap stocks as Multibaggers shares to get multi fold return.
[Update]
Trident Ltd has today touched intraday high of Rs 55.95 on February 3, 2016. Today Trident Ltd has informed BSE about its Q3 Results, the company has again posted outstanding result. Pdf Link: Financial Results & Limited Review Report for Dec 31, 2015
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