Trident share

Trident, a textile fabric manufacturer, reported a 28.4% YoY drop in Q4FY23 net profit, at Rs 129.7 crore. Revenue from operations declined 15.9% YoY to Rs 1,573.2 crore due to lower revenue across its yarn, towel and bedsheets divisions. Tridents paper and chemicals unit, however, grew by 22%. Its EBITDA for Q4FY23 slipped 20.5% YoY to Rs 268.4 crore. The companys share price fell 9% to Rs 31.6 on the BSE. The Prime Minister said India has become one of the largest mobile phone manufacturing nations. There was a time when India had only two cell phone making factories but now the country boasts of more than 200 factories, he added. Explaining further, he said before 2014, when Congress was in power at the Centre, one gigabyte (GB) mobile internet data used to cost Rs 300 but with the BJP government at the helm, one GB data now costs only Rs 10.

Before jumping to the main topic that why trident share is falling let us understand what trident is and in which sector it is working. Trident Limited is an Indian company that operates in the textiles, yarns, paper, and chemicals industries. The company’s product portfolio includes home textiles such as bed linens, towels, and bathrobes; yarns such as cotton, blended, and specialized yarns; paper products such as printing and writing paper, packaging paper, and specialty paper; and chemicals such as caustic soda, chlorine, and hydrogen peroxide. Trident Limited also offers services such as textile testing and analysis, cotton sourcing, and product development. The company has a global presence and exports its products to over 100 countries. Strengths: • Diversified product portfolio: Trident Limited has a diversified product portfolio that includes home textiles, yarns, paper, and chemicals. This diversification reduces the company’s dependence on any single product, making it more resilient to market fluctuations. • Strong distribution network: Trident Limited has a strong distribution network that spans over 100 countries. This helps the company to reach a large customer base and increase its market share. • High-quality products: Trident Limited is known for producing high-quality products that are in line with international standards. This has helped the company to build a strong brand reputation and attract a loyal customer base. • Cost-effective production: Trident...

Trident Limited is an India-based company, which is engaged in manufacturing, trading, and selling Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals. The Company operates through two segments: Textiles and Paper and Chemical. The Textiles segment includes yarn, towel, bedsheets, and dyed yarn manufacturing (including utility service). The Paper and Chemical segment includes paper and sulfuric acid (including utility service). The company has manufacturing facilities in Barnala, Punjab and Budni, Madhya Pradesh. Its Paper product includes Branded Copier, Writing and printing maplitho paper, Bible and offset print paper, bond paper, stiffener paper, cartridge paper, index paper, watermark paper, drawing paper, digital printing paper, carry bag paper, trident royale (Wedding Card Paper), Sublimation Paper, Virgin Unbleached Kraft Paper and Cup Stock.;

• The company has shown a good profit growth of 30.0020610506876% for the Past 3 years. • Company has a healthy Interest coverage ratio of 13.7354176388241. • Company’s PEG ratio is 0.294544280123807. • The company has an efficient Cash Conversion Cycle of 45.1122322873643 days. • The company has a good cash flow management; CFO/PAT stands at 1.75017996540925. • The company has a high promoter holding of 73.19%. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Net Sales 1847.14 1667.07 1419.17 1618.4 1562.83 Total Expenditure 1530.82 1414.03 1276.15 1352.8 1314.68 Operating Profit 316.32 253.04 143.02 265.6 248.15 Other Income 17.18 5.77 4.69 13.39 8.14 Interest 18.47 18.04 19.64 18.01 21.67 Depreciation 80.96 76 77.46 77.72 78.97 Exceptional Items 0 0 0 0 0 Profit Before Tax 234.07 164.77 50.61 183.26 155.65 Tax 60.52 40.97 10.95 41.22 39.25 Profit After Tax 173.55 123.8 39.66 142.04 116.4 Adjusted EPS (Rs) 0.34 0.24 0.08 0.28 0.23 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Net Sales 4565.96 5219.52 4699.46 4519.29 6919.18 Total Expenditure 3748.12 4242.24 3878.15 3718.95 5457.04 Operating Profit 817.84 977.28 821.31 800.34 1462.14 Other Income 96.19 45.81 44 26.67 47.87 Interest 118.21 112.26 110.8 72 85.72 Depreciation 404.03 363.91 333.3 336.46 332.61 Exceptional Items 0 0 0 26.61 0 Profit Before Tax 391.79 546.92 421.21 445.16 1091.68 Tax 125.91 176 79....

In this article, we are going to talk about Trident’s share price targets for 2023, 2025, and 2030 which have the full potential to give you tremendous returns in the coming days. Many people call it penny stock, but this stock was made very cheap by splitting the company’s management. Since the split, this stock has given tremendous returns to the shareholders. Also Read: That is why it is very important for you to know whether the company can give good returns going forward or not. Let us know that in the long run, its target price can go up to Rs. Trident Share Price Targets For 2022, 2023, 2025, And 2030 are Given Below: Year Trident Share Price Target First Trident Share Price Target Second 2022 Rs 28 Rs 40 2023 Rs 41 Rs 46 2025 Rs 60 Rs 71 2030 Rs 280 Rs 290 Trident Share Price Target For 2022: The main business of the company is Textile, which works in many different products. Apart from this, the company also works in the paper industry. The company manufactures the product keeping in mind its environment. Due to this people like their product very much. There are many low-priced shares whose business can be said to be negligible. But the business of this company seems to have a forward outlook. Talking about the share price, by 2022, the first target of Rs 28 is going to be hit. After that soon 40 rupees can wait for the second target to appear. Also Read: Trident Share Price Target For 2023: It seems to be growing continuously in its business. The company exports...