Trident Share Price Target For 2023, 2024, 2025, 2026, 2028 and 2030
In this post, we shall analyze the Trident Share Price Target for 2023, 2024, 2025, 2026, 2028, and 2030. Trident Limited is a textile company based in Ludhiana, Punjab, India. The growth of the company has been very good for the last few years. As a result, the majority of investors are putting their money into this stock. In this post, we will learn how much this stock has the potential to go up and how much return it can give to its investors in the future.
About Trident Limited
Trident Limited is the flagship Company of Trident Group, a USD 3+ billion Indian business conglomerate and a global player which is headquartered in Ludhiana, Punjab, India. It is a textile manufacturing company incorporated in 1990. The company produces a wide range of products, including yarns, bed and bath linens, paper, chemicals, and captive electricity. It is the largest manufacturer of terry towels in the world. If you want to know more, visit their website at www.tridentindia.com.
The company has state-of-the-art manufacturing facilities in Barnala (Punjab, India) and Budni (Madhya Pradesh, India) and a robust clientele spread across more than 150 nations.
The company had two subsidiaries as of March 31, 2022.
- Trident Global Corp. Limited, its wholly-owned Indian subsidiary, and
- Trident Europe Limited, its wholly-owned overseas subsidiary.
Financial Summary
Consolidated
Standalone
Profit & Loss A/c
Balance Sheet
Ratio
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 7,020.23 | 4,546.70 | 4,747.91 | 5,292.04 | 4,621.53 |
| Total Revenue Growth (%) | 54.40 | (4.24) | (10.28) | 14.51 | (2.32) |
| Total Expenses | 5,904.37 | 4,117.00 | 4,323.29 | 4,742.10 | 4,230.45 |
| Total Expenses Growth (%) | 43.41 | (4.77) | (8.83) | 12.09 | (1.46) |
| Profit after Tax (PAT) | 833.75 | 304.39 | 339.70 | 371.77 | 266.15 |
| PAT Growth (%) | 173.91 | (10.39) | (8.63) | 39.68 | (21.08) |
| Operating Profit Margin (%) | 17.17 | 11.07 | 11.32 | 12.73 | 11.17 |
| Net Profit Margin (%) | 11.91 | 6.71 | 7.18 | 7.08 | 5.83 |
| Basic EPS (₹) | 1.67 | 0.61 | 0.68 | 7.47 | 5.35 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 6,489.13 | 5,771.65 | 5,776.48 | 6,156.07 | 6,163.17 |
| Total Assets Growth (%) | 12.43 | (0.08) | (6.17) | (0.12) | (0.34) |
| Total Liabilities | 2,644.45 | 2,443.33 | 2,755.08 | 3,183.05 | 3,436.95 |
| Total Liabilities Growth (%) | 8.23 | (11.32) | (13.45) | (7.39) | 0.29 |
| Total Equity | 3,844.68 | 3,328.32 | 3,021.40 | 2,973.02 | 2,726.22 |
| Total Equity Growth (%) | 15.51 | 10.16 | 1.63 | 9.05 | (1.11) |
| Net Worth | 3,844.68 | 3,328.32 | 3,021.40 | 2,973.02 | 2,726.22 |
| Current Ratio (x) | 1.27 | 0.99 | 1.03 | 1.12 | 1.09 |
| Total Debt to Equity (x) | 0.41 | 0.45 | 0.53 | 0.70 | 0.92 |
| Contingent Liabilities | 473.70 | 35.37 | 235.81 | 112.49 | 91.17 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 21.68 | 9.14 | 11.24 | 12.50 | 9.76 |
| Return on Capital Employed (%) | 26.79 | 12.77 | 13.12 | 15.42 | 11.37 |
| Return on Assets (%) | 12.84 | 5.27 | 5.88 | 6.03 | 4.31 |
| Interest Coverage Ratio (x) | 17.80 | 11.63 | 4.83 | 5.64 | 4.31 |
| Asset Turnover Ratio (x) | 1.13 | 0.78 | 81.84 | 85.25 | 73.97 |
| Price to Earnings (x) | 32.57 | 23.53 | 6.23 | 9.62 | 11.11 |
| Price to Book (x) | 7.04 | 2.15 | 0.70 | 1.20 | 1.08 |
| EV/EBITDA (x) | 18.48 | 10.17 | 3.88 | 5.47 | 5.81 |
| EBITDA Margin (%) | 21.93 | 18.51 | 18.38 | 19.67 | 20.03 |
Profit & Loss A/c
Balance Sheet
Ratio
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Revenue | 6,941.52 | 4,535.31 | 4,723.95 | 5,265.27 | 4,628.00 |
| Total Revenue Growth (%) | 53.06 | (3.99) | (10.28) | 13.77 | (2.02) |
| Total Expenses | 5,849.84 | 4,116.77 | 4,302.74 | 4,718.35 | 4,236.21 |
| Total Expenses Growth (%) | 42.10 | (4.32) | (8.81) | 11.38 | (1.14) |
| Profit after Tax (PAT) | 814.95 | 345.74 | 341.80 | 370.92 | 265.86 |
| PAT Growth (%) | 135.71 | 1.15 | (7.85) | 39.52 | (21.11) |
| Operating Profit Margin (%) | 17.01 | 10.85 | 11.32 | 12.74 | 11.16 |
| Net Profit Margin (%) | 11.77 | 7.65 | 7.27 | 7.10 | 5.82 |
| Basic EPS (₹) | 1.63 | 0.68 | 0.67 | 7.28 | 5.22 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Total Assets | 6,430.74 | 5,754.16 | 5,718.35 | 6,103.24 | 6,129.07 |
| Total Assets Growth (%) | 11.76 | 0.63 | (6.31) | (0.42) | (0.35) |
| Total Liabilities | 2,633.52 | 2,437.61 | 2,751.45 | 3,171.95 | 3,435.58 |
| Total Liabilities Growth (%) | 8.04 | (11.41) | (13.26) | (7.67) | 0.28 |
| Total Equity | 3,797.22 | 3,316.55 | 2,966.90 | 2,931.29 | 2,693.49 |
| Total Equity Growth (%) | 14.49 | 11.79 | 1.21 | 8.83 | (1.14) |
| Net Worth | 3,797.22 | 3,316.55 | 2,966.90 | 2,931.29 | 2,693.49 |
| Current Ratio (x) | 1.25 | 0.99 | 1.03 | 1.12 | 1.09 |
| Total Debt to Equity (x) | 0.41 | 0.45 | 0.54 | 0.71 | 0.94 |
| Contingent Liabilities | 473.70 | 35.37 | 235.81 | 114.24 | 91.17 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Return on Equity (%) | 21.46 | 10.42 | 11.52 | 12.65 | 9.87 |
| Return on Capital Employed (%) | 26.52 | 12.52 | 13.21 | 15.49 | 11.47 |
| Return on Assets (%) | 12.67 | 6.00 | 5.97 | 6.07 | 4.33 |
| Interest Coverage Ratio (x) | 17.62 | 6.81 | 4.80 | 5.62 | 4.31 |
| Asset Turnover Ratio (x) | 1.14 | 78.53 | 82.18 | 85.52 | 74.49 |
| Price to Earnings (x) | 33.33 | 20.75 | 6.34 | 9.87 | 11.39 |
| Price to Book (x) | 7.13 | 2.16 | 0.73 | 1.25 | 1.12 |
| EV/EBITDA (x) | 18.80 | 10.32 | 3.95 | 5.57 | 5.89 |
| EBITDA Margin (%) | 21.82 | 18.29 | 18.41 | 19.71 | 20.01 |
Important Note: These price targets for “Trident Ltd.” are only for reference purposes. Short-term and long-term Trident Limited stock price predictions may be different due to the different analyzed time series. This prediction is only valid if there are positive market sentiments; any uncertainties in the company or global market condition are not covered in this analysis.
Trident Share Price Target 2023
If we look at the performance of the company, its annual revenue growth of 54.4% has outperformed its 3-year CAGR of 9.77% and delivered an ROE of 21.68% for the year ended March 31, 2022, which is higher than the 5-year average of 13.31%. The company’s stock has given a return of 359.44% in 3 years, compared to the Nifty Midcap 100, which has given a return of 73.24%. The company’s stock may also provide good returns in the future.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 36 | ₹ 40 |
Trident Share Price Target 2024
The Trident Limited has established its foothold in domestic and international markets through the setting up of multi-brand outlets and the “shop-in-shop” concept. The company has also strengthened its distribution system. And various alliances within the company have helped in reaching more and more customers.
| Year | First Target | Second Target |
|---|---|---|
| 2024 | ₹ 43 | ₹ 48 |
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Trident Share Price Target 2025
Trident Ltd. has a presence in more than 150 countries. The business created “Vision 2025,” a plan for organizing group efforts to strengthen the company’s positioning across all business verticals, in order to maintain its growth rate. Additionally, the business wants to create long-term, sustainable value for its stockholders. Its goal is to reach 25,000 crore by 2025 with a 12% increase in the bottom line. It also aims to establish Trident as a national brand and digitalize it by completing the smart manufacturing or “Industry 4.0” journey.
| Year | First Target | Second Target |
|---|---|---|
| 2025 | ₹ 53 | ₹ 58 |
Trident Share Price Target 2026
Trident Limited has also diversified its business into many areas, such as wheat straw-based paper, chemicals, and captive electricity. Because these products enable the company to reach a large population, the company has grown and its performance is expected to improve in the future.
| Year | First Target | Second Target |
|---|---|---|
| 2026 | ₹ 64 | ₹ 70 |
Trident Share Price Target 2027
The company’s management is constantly making efforts to increase its reach among new customers. For this reason, with omni-channel retail capabilities, the company has established a presence on e-commerce platforms. Trident is currently focusing on expansion through digital platforms to tap new opportunities in the market.
| Year | First Target | Second Target |
|---|---|---|
| 2027 | ₹ 72 | ₹ 77 |
Trident Share Price Target 2028
The global pulp and paper market is estimated to grow from $351.51 billion in 2021 to $370.12 billion in 2028 at a CAGR of 0.74% for the forecast period, 2021–2028. Trident has established itself as a leading provider of high-quality, multi-color, high-speed printing and publishing paper and high-quality branded copier paper.
The company has established itself as one of the foremost paper manufacturing companies in both the domestic and international markets. It is also the world’s largest producer of wheat straw-based paper, with a capacity of 175,000 TPA. The company is also expected to benefit from the growth of the pulp and paper markets, which will boost the company’s performance and cause the stock to rise.
| Year | First Target | Second Target |
|---|---|---|
| 2028 | ₹ 80 | ₹ 85 |
Trident Share Price Target 2030
Trident Limited has maintained its stronghold in more and more markets by producing the highest-quality products on the global market. Simultaneously, the company’s management is focusing more on innovation, sustainability, branding, and digital (i.e., E Commerce and Industry 4.0), expanding capabilities, and moving towards premium products that enjoy higher retail price points. The company is also increasing the capacity utilization of the plants by digitalize the processes and adopting lean practices.
| Year | First Target | Second Target |
|---|---|---|
| 2030 | ₹ 105 | ₹ 115 |
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Trident share price targets for 2023, 2024, 2025, 2026, 2028, and 2030 are shown in the table below.
| Year | First Target | Second Target |
|---|---|---|
| 2023 | ₹ 36 | ₹ 40 |
| 2024 | ₹ 43 | ₹ 48 |
| 2025 | ₹ 53 | ₹ 58 |
| 2026 | ₹ 64 | ₹ 70 |
| 2027 | ₹ 72 | ₹ 77 |
| 2028 | ₹ 80 | ₹ 85 |
| 2030 | ₹ 105 | ₹ 115 |
Recommendations: Invest in Trident Limited stock or sell it?
The Government of India has started several schemes regarding the textile industry, the objective of which is to provide all possible help to the domestic manufacturers so that their businesses can grow. Trident Limited is working on its strategy by looking at future opportunities, which can show good growth in the coming times. As per the current data, Trident Ltd. shares have a positive outlook for the future, but don’t expect much from this stock; you may have other options to invest your money.
FAQ’s
What is the PE ratio (price-earnings ratio) of Trident Limited?
The current PE ratio of Trident Limited is 29.94.
What is the 52-week high and low of Trident Limited’s share price?
Trident Limited share price saw a 52-week high of ₹ 67.50 and a 52-week low of ₹ 30.50.
What will Trident Limited’s share price target be for 2024?
The first target of Trident Limited's share price can be at or below ₹ 43 and the second one is at or below ₹ 48 in 2024.
What will be the Trident Limited share price target in the next 5 years?
The first target for Trident Limited's share price in the next five years is ₹ 80, and the second target is ₹ 85.
What will be the Trident Limited share price target in the next 7 years?
In the next 7 years, the first target for Trident Limited's share price can be ₹ 105, and the second is ₹ 115.
Is it profitable to invest in Trident Limited stock?
As per the current data, Trident Ltd. shares have a positive outlook for the future, but don't expect much from this stock; you may have other options to invest your money.
What are the key metrics to analyze Trident Limited’s share price?
Trident Limited's share price can be quickly analyzed on the basis of the following parameters:
- Stock's PE: 29.94
- Return on Capital Employed: 26.79%
- Return on Equity: 21.68%
- Price to Book Ratio: 4.40
- Dividend Yield: 1.10%
- EPS: ₹ 1.10
Note: For detailed ratios, refer to the financials section.
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