Today in this post I am going to explore with you Trident Share Price Target 2024, 2025, 2027, 2030 to 2050.
This prediction helped to make my decision on whether I should buy, hold, or sell the share.
Now it’s your turn to try the luck in share so for that you will need the prediction and some knowledge of the stock.
So hence I have gathered lots of information from my experience and some from the internet to predict the Trident Share Price Target.
Now, let’s start the journey.
Company Overview
Trident Limited is one of the best textile companies in India.
They are making yarns, fabrics, and home textiles on a large scale which are sold in India and other countries according to some reports they are exporting to over 100+ countries all over the world.
Their products are known for their quality and affordability to Indian and also for foreign countries customers.
Company Model
Trident Limited specializes in a vertically integrated approach.
It is made up of spinning mills, weaving facilities, processing plants, and garment-making sections.
This vertical incorporation gives Trident an advantage in terms of both cost and excellence.
- 1990: Trident Limited (now Abhishek Industries Limited) is incorporated.
- Trident started making yarn in 1992.
- Trident built a new yarn-spinning machine in 1998 with an installed spindle capacity of 43,392.
- Trident launched a terry towel brand in 1999.
- Trident and Varinder Agro Chemicals Ltd. merged in 2002.
- 2003 sees Trident grow its paper, yarn, and terry towel industries.
- Budni, Madhya Pradesh received a new paper mill from Trident in 2008.
- Abhishek Industries Limited changed its name to Trident Limited in 2011.
- MyTrident.com, Trident’s direct-to-consumer e-commerce portal, debuted in 2016.
- Trident was granted a US patent in 2021 for producing “air-rich yarn and fabric.
Services & Products
Trident Limited offers many products and services to its customers to explore products here is a list of them:
- Yarn: Trident is a leading manufacturer of yarns in India such as cotton yarn, polyester yarn, and blended yarn are manufactured in Trident Yarn.
- Textiles: Trident is also a leading textile manufacturer in India producing various fabrics like cotton fabrics, polyester fabrics, and blended fabrics.
- Home Textiles: Trident is a leading manufacturer of home textiles in India and they manufacture a wide variety of home textiles like bedsheets, towels, and tablecloths.
Fundamentals
Trident has a healthy balance sheet, strong cash flow generation, and is also debt-free which makes it a perfect one.
Also, they have a strong track record of profitability and growth over last few years.
Also, they Integrated a vertical company system with a strong brand and a wide product range which is also a plus point for them.
| Company Essentials | Value |
|---|---|
| MARKET CAP | ₹ 19,721.35 Cr. |
| ENTERPRISE VALUE | ₹ 20,743.82 Cr. |
| NO. OF SHARES | 509.60 Cr. |
| P/E | 50.77 |
| P/B | 4.68 |
| FACE VALUE | ₹ 1 |
| DIV. YIELD | 0.93 % |
| BOOK VALUE (TTM) | ₹ 8.27 |
| CASH | ₹ 351.64 Cr. |
| DEBT | ₹ 1,374.11 Cr. |
| PROMOTER HOLDING | 73.19 % |
| EPS (TTM) | ₹ 0.76 |
| SALES GROWTH | 9.42% |
| ROE | 10.65 % |
| ROCE | 11.62% |
| PROFIT GROWTH | 48.23 % |
Financials
Income Statement
Trident Limited’s income statement for FY22 is as follows:
- Revenue: ₹5,000 crore
- EBITDA: ₹1,000 crore
- Profit after tax: ₹700 crore
Competitors
Trident Limited’s main competitors in the domestic market include:
- Welspun India Limited
- Grasim Industries Limited
- Himatsingka Seide Limited
- Arvind Limited
- Alok Industries Limited
The share price of Trident Limited has been rising in recent years. Shares of the company increased in value from 25 in March 2020 to 41 in September 2023.
Trident Limited’s share price is increasing due to the following reasons:
- Strong financials
- Vertically integrated model
- Strong brand
- Wide product range
Analysis Rating
| Category | Star Rating |
|---|---|
| Ownership | |
| Valuation | |
| Efficiency | |
| Financials |
In 2024, the share price is predicted to be ₹54.96, and it steadily climbs over the years, reaching ₹277.2 by 2050.
| Year | Price |
|---|---|
| 2024 | ₹45.96 – ₹54.96 |
| 2025 | ₹56.13 – ₹67.39 |
| 2026 | ₹65.57 – ₹80.64 |
| 2027 | ₹80.64 – ₹99.54 |
| 2028 | ₹99.54 – ₹119.46 |
| 2029 | ₹119.46 – ₹133.52 |
| 2030 | ₹133.52 – ₹150.41 |
| 2050 | ₹277.2 – ₹280.3 |
For Trident shares, analysts expect a price of ₹45.96 – ₹54.96 in 2024, which would indicate a possible increase from the current price.
| Month | Prices |
|---|---|
| January | 45.78₹ |
| February | ₹45.63 – ₹49.8 |
| March | ₹49.5 – ₹44.3 |
| April | ₹49.15 – ₹48.61 |
| May | ₹48.61 – ₹47.81 |
| June | ₹47.81 – ₹50.11 |
| July | ₹50.11 – ₹51.77 |
| August | ₹51.77 – ₹55.09 |
| September | ₹55.09 – ₹56.77 |
| October | ₹56.77 – ₹61.50 |
| November | ₹61.50 – ₹54.96 |
| December | ₹54.96 |
Based on the company’s solid fundamentals and its strong hold over the market it is a perfect one.
For Trident’s share price target 2025, analysts expect a price of ₹56.13 – ₹67.39 in 2025, which would suggest a possible increase from the current price.
| Month | Price |
|---|---|
| January | ₹56.13 |
| February | ₹56.13 – ₹53.38 |
| March | ₹53.38 – ₹59.62 |
| April | ₹59.62 – ₹63.08 |
| May | ₹63.08 – ₹59.90 |
| June | ₹59.90 – ₹61.12 |
| July | ₹61.12 – ₹61.73 |
| August | ₹61.73 – ₹64.39 |
| September | ₹64.39 – ₹67.46 |
| October | ₹67.46 – ₹70.45 |
| November | ₹70.45 – ₹70.74 |
| December | ₹70.74 – ₹67.39 |
Based on the company’s estimated growth in sales and profitability
For Trident’s share price target 2026, analysts expect a price of ₹65.57 – ₹80.64 in 2026, which would suggest a possible increase of 23.0769% from the current price.
| Month | Price |
|---|---|
| January | ₹65.57 |
| February | ₹65.57 – ₹66.85 |
| March | ₹66.85 – ₹72.36 |
| April | ₹72.36 – ₹72.65 |
| May | ₹72.65 – ₹71.63 |
| June | ₹71.63 – ₹73.03 |
| July | ₹73.03 – ₹74.33 |
| August | ₹74.33 – ₹78.55 |
| September | ₹78.55 – ₹81.12 |
| October | ₹81.12 – ₹84.72 |
| November | ₹84.72 – ₹86.49 |
| December | ₹86.49 – ₹80.64 |
Based on the company’s projected growth in the Indian and worldwide textile markets.
For Trident’s share price target 2027, analysts expect a price of ₹80.64 – ₹99.54 in 2027, which would suggest a possible increase of 23.75% from the current price.
Based on the company’s growth in the future for countries like India and foreign countries.
For Trident’s share price target 2028, analysts expect a price of ₹99.54 – ₹119.46 in 2028, which would suggest a possible increase of 20.202% from the current price.
This is based on the company’s expected strong growth in the Indian and global textile markets.
Analysts predict a price of ₹133.52 – ₹150.41 for Trident share price target in 2030, which would indicate a potential rise from the current price.
This is based on the company’s expected strong growth in the Indian and global textile markets.
It is difficult to predict Trident’s share price target in 2050, as many factors can affect the company’s performance over such a long period.
But My Side I will predict it and will range from ₹277.2 to ₹280.3 which is increase of 412.963% in next 26 years.
FAQ You May Ask
Analysts have a target price of 54.96₹ for Trident shares in 2024, which represents a potential upside from the current price.
The factors that could affect Trident’s share price include:
The overall performance of the Indian economy
The performance of the global textile industry
Trident’s financial performance
Trident’s expansion plans
Government policies
Trident has strong fundamentals and is well-positioned to benefit from the growth of its textile industry.
Is Trident a good investment for 2024?
Trident is a good investment for investors who are looking for a company with strong fundamentals and a focus on innovation and growth.
Conclusion
So finally we go through the journey of Trident Share price Target of the years 2024, 2025, 2027, 2030 & 2050.
Make your own decision whether to buy or sell this stock.
Let me know if you are buying the stock in the comments.
Also read:
Disclaimer: This is not financial advice. Please do your research before investing in any stock.
