TRIDENTTextiles

Trident Limited

Other Textile Products · ISIN INE064C01022 · BSE 521064 · NSE EQ · FV ₹1
Last price
₹23
-0.39%today
What this company does

Trident Limited operates in Other Textile Products, part of the Textiles sector. It booked ₹1,787 cr of revenue in its latest quarter (Q1 FY27) and kept 8.8% of sales as profit. It is the 4th largest of 9 Other Textile Products companies we track, by market value.

has shaped our journey, strengthened our resilience and enabled sustained growth in a Message from the Chairman Emeritus 06 dynamic operational landscape.
In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,201–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
21

At close. Not part of the score.

Profitability & returns57

How much profit it earns on the money it employs

Balance sheet49

How much it owes, and whether earnings cover the interest

Cash quality78

Whether reported profit actually arrives as cash

Growth & consistency44

Whether sales and profit have grown, and how steadily

Valuation53

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 13% vs last year
Promoters hold 74%
No promoter shares pledged
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in TRIDENT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹23 -0.39%
latest close · 2026-09-17
1-year return
+13.4%
52-wk low ₹2052-wk high ₹70
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio18.6Average
LowAverageHigh
P/B ratio2.47Moderate
Below bookModerateHigh
EV / EBITDA10.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.3%Fair
WeakFairStrong ▸15%
Return on capital16.6%Strong
WeakFairStrong
Net margin8.8%Decent
ThinDecentStrong
EBITDA margin17.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.37Comfortable
LowModerateHigh ▸1
Interest cover8.2×Strong
RiskyOkayStrong ▸5×
Current ratio1.57Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹11,762 cr
Book value
₹9
EPS
₹0.31
latest quarter
Net debt
₹1,737 cr
owes more than its cash
Enterprise value
₹13,498 cr
EBITDA
₹1,265 cr
annualised
EBIT
₹984 cr
annualised
Operating margin
13.8%
Return on assets
8.4%
Earnings yield
5.37%
P/S
1.65
Sales / share
₹14.0
Tax rate
26.9%
Face value
₹1
Shares
509.6 cr
Working capital
₹921 cr
Current assets
₹2,523 cr
Current liabilities
₹1,603 cr
Delivery %
50.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹3₹5, midpoint ₹4

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,787 cr
Other Income₹16 cr
Total Income₹1,803 cr
Cost of Materials₹905 cr
Purchases of Stock-in-Trade₹69 L
Inventory Change (±)₹-23 cr
Employee Benefit Expense₹230 cr
Finance Costs₹30 cr
Depreciation & Amortisation₹70 cr
Other Expenses₹376 cr
Total Expenses₹1,587 cr
Profit before Tax₹216 cr
Tax Expense₹58 cr
Share of JV / Associates₹23 L
Net Profit₹158 cr
Net margin on total income8.8%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹882 cr48.9%
Employee benefit expense₹230 cr12.7%
Finance costs₹30 cr1.7%
Depreciation & amortisation₹70 cr3.9%
Other expenses₹376 cr20.8%
Tax expense₹58 cr3.2%
Profit for the period₹158 cr8.8%
Total income ₹1,803 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,574 cr1,633 cr1,787 cr
Total income1,595 cr1,650 cr1,803 cr
Expenses1,536 cr1,507 cr1,587 cr
Profit before tax59 cr143 cr216 cr
Tax18 cr44 cr58 cr
Net profit (owners' share)44 cr102 cr158 cr
Net margin (owners' share, on revenue)2.8%6.2%8.8%
EPS (₹)0.090.200.31
YoY (latest quarter): total income +4.4% · net profit +13.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹7,537 cr
Shareholder equity
₹4,771 cr
parent shareholders
Total debt
₹1,768 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹645 cr
Investing
₹-398 cr
Financing
₹-297 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,095₹37,441 cr36.2
Welspun Living Limited₹212₹20,051 cr31.4
Vardhman Textiles Limited₹561₹15,986 cr12.9
Trident Limitedthis company₹23₹11,762 cr18.6
Indo Count Industries Limited₹436₹8,625 cr34.1
Garware Technical Fibres Limited₹800₹7,809 cr30.5
Kusumgar Limited₹552₹5,790 cr33.0
Jindal Worldwide Limited₹49₹4,913 cr38.3
Filatex India Limited₹90₹4,012 cr20.7
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.17%
trailing 12 months
Dividend / share (TTM)
₹0.5
Last dividend
₹0.5
ex 22 May 2026
ActionDetailEx-date
Dividend₹0.5 / share22 May 2026
Dividend₹0.5 / share27 May 2025
Dividend₹0.36 / share28 May 2024
Dividend₹0.36 / share1 Jun 2023
Dividend₹0.36 / share18 Aug 2022
Dividend₹0.36 / share28 Oct 2021
Who owns it · 2026-06-30
No pledge
Promoter
73.7%
FII / Foreign
3.2%
DII / Domestic
0.3%
Retail / others
22.9%
Promoter stake up 0.5% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMadhuraj Foundation · Promoter Group1.24 cr · ₹31.9 cr27 Mar 23
BoughtKAVISH DHANDA · Director4.00 L · ₹1.5 cr17 Feb 23
BoughtKAPIL GHORSE · Director3.00 L · ₹1.1 cr17 Feb 23
Bulk / block deals
BoughtTRIDENT GROUP LIMITED · NSE13.00 cr @ ₹24.97 Aug 26
SoldMADHURAJ FOUNDATION · NSE13.00 cr @ ₹24.97 Aug 26
BoughtTRIDENT GROUP LIMITED · NSE13.00 cr @ ₹24.97 Aug 26
Stake changes
BothRajinder Gupta · promoter→ 0.00%7 Aug 26
BothTrident Group Ltd · promoter→ 48.30% · 13.00 cr7 Aug 26
BothMadhuraj Foundation · promoter→ 25.08% · 13.00 cr7 Aug 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 29 Oct 2025
See the official result
1
Material Related Party Transaction(s) of Trident Limited with Trident Global Corp Limited
Promoters had a personal stake in this
Backed by 18% of shareholders other than promotersneeded 50%
2.72 cr votes for, 12.52 cr against · 90% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 4 named members
owning 73.7% between them · as of 2026-06-30
TRIDENT GROUP LIMITED45.75%
MADHURAJ FOUNDATION27.63%
LOTUS GLOBAL FOUNDATION0.30%
RAJINDER GUPTAno shares
Business done with them
FY2026 · 4 of the group
The company paid ₹214 cr to companies in the promoter group last year — about 3.2% of its ₹6,701 cr revenue.
Trident Group Limited
Other payments to them · Royalty paid (including taxes), Dividend paid (on payment basis)
also owns 45.75% of the company
₹123 cr
company paid
Madhuraj Foundation
Other payments to them · Dividend paid (including taxes), Payment against lease liabilities (including taxes and interest), Rent paid (including taxes)
also owns 27.63% of the company
₹70 cr
company paid
Rajinder Gupta
Paid them for services · Consultancy fees
₹20 cr
company paid
Madhuraj Foundation
Leases As Lessor · Dividend paid (including taxes), Payment against lease liabilities (including taxes and interest), Rent paid (including taxes)
also owns 27.63% of the company
₹3 cr
company received
Lotus Global Foundation
Leases As Lessor · Payment against lease liabilities (including taxes and interest), Dividend paid (on payment basis)
also owns 0.30% of the company
₹1 cr
company received
Lotus Global Foundation
Other payments to them · Payment against lease liabilities (including taxes and interest), Dividend paid (on payment basis)
also owns 0.30% of the company
₹77 L
company paid

The company also transacted with 17 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.