Trident Ltd share Price Today

Trident Ltd is in the Textile sector WITH the Market Capitalization of worth Rs. 10,548.63 crores, it is incorporated in the year 1990. It has consolidated sales of Rs. 1482.38 crores in June 2021. The company is also listed in the Bombay Stock Exchange (BSE) with the code 521064 and also listed in the National Stock Exchange (NSE) with the code as TRIDENT.

Trident Ltd, over 30 years has evolved as a global textile player with clients in more than 100 countries. Trident Ltd provides a wide variety of products such as yarn bath linen, bed linen, wheat straw-based paper chemicals, and captive power. Trident Ltd got itself listed as a public company in October’1992. The proceeds from the IPO were utilized to fund its Sanghera (Punjab) unit, a cotton and acrylic yarn. The company has two manufacturing facilities located in Barnala (Punjab) and Budni (Madhya Pradesh). Trident ltd has also entered into an export and marketing agreement with Sagatex International UK for up to
50% cotton production. The company’s promoters currently hold 73.02% of the stake in the company, while the Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) hold 1.6% and 0.93% of the stake. Others own the balance of 24.45% (22.49% by retail investors and 1.96% by others).

In June 2021, quarterly net sales were Rs. 1,477.01 crores, which has increased by approximately 108.64% from Rs. 707.93 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 203.50 crores, which has grown exponentially by 1,914.85% from a net profit of Rs. 10.10 crores in June 2020. In June 2021, operating profit was reported at Rs. 1,155.28 crores, which is also increased by 116.36% as compared to an operating profit of Rs. 533.96 crores for the quarter ending in June 2020. From Rs. 0.02 in June 2020, the EPS of Trident Ltd has grown to Rs. 0.41 per share in June 2021. TRIDENT’s stock closed at Rs. 21.05 on 16th August’2021 (NSE) and has returned 51.66% in the last six months and 200% in the last year.