Trident Ltd Share Price – NSE /  BSE

Textiles, Small Cap

The company has incorporated Trident Group Enterprises by subscription of 1,000 ordinary shares at face value of $1 aggregating to Rs $1,000. The new entity is engaged in textiles, treasury, investment, financing & other business activities.

The object of incorporation of arm is to diversify and expand the current business operations in global market, explore the future business opportunities and carry out treasury, investment & financing activities.

Trident is one of the largest towel manufacturers of the world, one of the world's largest agro–based paper manufacturers and one of the largest yarn producers in India. Trident is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer.

The textile producer’s consolidated net profit declined 21.1% to Rs 73.73 crore in Q4 FY24 as against Rs 93.40 crore in Q1 FY24. Net sales rose 16.7% YoY to Rs 1,742.71 crore in June 2024 quarter.

Shares of Trident added 0.38% close at Rs 36.65 on Friday, 13 September 2024.

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Trident has received reaffirmation in credit ratings from CRISIL as under:

Total bank loan facilities rated - Rs 4,000 crore
Long Term Rating -CRISIL AA/Stable (Reaffirmed)
Short Term Rating - CRISIL A1+ (Reaffirmed)

Commercial paper (Rs 150 crore) - CRISIL A1+ (Reaffirmed)

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Net profit of Trident declined 21.06% to Rs 73.73 crore in the quarter ended June 2024 as against Rs 93.40 crore during the previous quarter ended June 2023. Sales rose 16.67% to Rs 1742.71 crore in the quarter ended June 2024 as against Rs 1493.71 crore during the previous quarter ended June 2023.

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Trident announced that the 34th Annual General Meeting (AGM) of the company will be held on 6 August 2024.

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