Trident Share Price Target – 2023, 2024 2025, 2026 and 2030
If you are interested in future projections for Trident share prices, you have come to the correct spot.
Although the Trident firms initially gained notoriety as textile producers, they have now branched out into other industries, such as paper, chemicals, energy, and more. In 1990, with a focus on textile production, it was founded as a company. Ludhiana, Punjab serves as home base. When it comes to Yarn, Bath Linen, Bed Linen, Wheat Straw-based Paper, Chemicals, and Captive Power, it is one of India’s leading manufacturers. The state-of-the-art technology found in both of its Barnala and Budni production facilities is a key strength of the company.
Fundamentals of Trident Ltd
| Metrics | 2018 | 2019 | 2020 | 2021 | 2022 | Growth Scale 2022 vs 2018 |
|---|---|---|---|---|---|---|
| Net Sales (Cr) | 4,565.96 | 5,219.52 | 4,699.46 | 4,519.29 | 6,919.18 | 51.54% |
| Total Expenditure (Cr) | 3,748.12 | 4,242.24 | 3,878.15 | 3,718.95 | 5,457.04 | 45.59% |
| Operating Profit (Cr) | 817.84 | 977.28 | 821.31 | 800.34 | 1,462.14 | 78.78% |
| Other Income (Cr) | 96.19 | 45.81 | 44 | 26.67 | 47.87 | -50.23% |
| Interest (Cr) | 118.21 | 112.26 | 110.8 | 72 | 85.72 | -27.48% |
| Depreciation (Cr) | 404.03 | 363.91 | 333.3 | 336.46 | 332.61 | -17.68% |
| Profit Before Tax (Cr) | 391.79 | 546.92 | 421.21 | 445.16 | 1,091.68 | 178.64% |
| Tax (Cr) | 125.91 | 176 | 79.41 | 99.41 | 276.73 | 119.78% |
| Net Profit (Cr) | 265.88 | 370.92 | 341.8 | 345.75 | 814.95 | 206.51% |
| EPS (Rs.) | 0.52 | 0.73 | 0.67 | 0.68 | 1.6 | 207.69% |
Analyzing the aforementioned data, we can see that the company’s fundamentals aren’t all that strong, with a 200% increase in profit compared to 2018. The company has also increased its overall spending cost, although not by much, at only around 46%.
Trident now has a market capitalization of 19,160.79 Cr, according to data compiled by Bloomberg.
Holding by Promoter: At 74.94%, the promoter’s stake is sizable.
As of the most recent available annual report period (March 2022), the firm’s net sales were 6,919.18 Cr., representing strong performance over the preceding five years.
It has been profitable for the past five years running, and its profits have grown exponentially over that time. The company reported a profit of 814.95 Cr. in its most recent annual report (covering the period from March 2022 to March 2022).
Trident Ltd has an earnings per share (EPS) of Rs.1.60.
Products are shipped to more than a hundred different nations. In addition to its parent firm, Trident Global Corp Limited, the corporation also operates two wholly-owned subsidiaries: Trident Global Corp Limited (India) and Trident Europe Limited (overseas). The retail division of the company is handled mostly by Trident Global Corp Limited.
The above chart shows a sharp increase in share price between the beginning of 2021 and the beginning of 2022, when the stock was in bull mode; however, since the middle of March 2022, the stock has been in bear mode and its down trending, which is a worrying development, though its future direction is ultimately dependent on market sentiment.
Let us now look into the predicted share price targets for the below mentioned years.
| Year | Trident Share Price Target |
|---|---|
| 2022 | 40 |
| 2023 | 50 |
| 2024 | 58 |
| 2025 | 65 |
| 2026 | 80 |
| 2027 | 120 |
| 2028 | 160 |
| 2029 | 190 |
| 2030 | 250 |
This stock’s charts and technicals look like those of a major corporation. In spite of the fact that the stock’s per-share pricing makes it seem like a penny stock, it is not. As of 12/7/2022, Trident shares were trading at 37.85, down along with the index as a result of the recent stock market upset. Shares of Trident are expected to be worth 40 rupees at the end of 2022, according to market forecasts.
Although textiles are Trident’s core focus, the company also has a presence in the paper market. Since the company produces its wares with consideration for their surroundings, it has earned the trust of its customers.
The company is expanding rapidly, and its exports of high-end products suggest that it is gaining market share rapidly in international markets. In a country like India, where economic and legal norms dominate, the government’s enthusiastic backing of the enterprise is a welcome sight. Fifty rupees is the projected value for the year 2023.
If you’re ready to invest in Trident for the long haul, your money will expand along with the company itself. The firm is actively implementing a wide range of promotional strategies to broaden its customer base into new markets. As a result of their successful operations, they are able to generate substantial amounts of cash and have established a stable foundation upon which to grow their firm.
Many major corporations, including Amazon, Walmart, Dmart, and others, have partnered with Trident. As a result, this stock will always have the support of the public and the government. The first goal for the stock is 65 in 2025. Once that happens, we may look forward to finally reaching our second goal of 70. As a result, it can be made at a very low cost. As a result, the company can now offer lower prices than its overseas competitors.
Holding Trident stock for at least two years is recommended if you want to see positive outcomes for your portfolio in the long run. The company is showing evidence of basic strength, which bodes well for its continued success.
When looking at the stock market from a long-term perspective, Trident stands out. It has a high dividend payout ratio of 51.08% and relatively low debt. Results like these will persuade investors to remain onto the stock for the long term despite its low price of 2.66 times book value. Based on our comprehensive fundamental and technical analysis, we believe that this is a good long-term investment.
By 2030, Trident is expected to cost Rs. 250. Taking into account the company’s operations, its future seems bright. The possibility of the corporation becoming debt-free in the near future exists. The high level of promoter holding in the company is also encouraging.
Conclusion
Trident is a reliable business with solid foundations. We anticipate a successful outcome, but recognise that it will occur in its own time. Stocks that are not overly overvalued at the present moment, like the one we recommend you buy and hold for the foreseeable future, represent excellent long-term investments.
FAQ
Currently, trident shares are consolidating near their support level at Rs.33, and if the next few days’ candlesticks are all green, as is quite likely, the stock will soar.
What does Trident Ltd do?
It also manufactures the most yarn, paper, chemicals, and captive electricity in the world. Budni, Madhya Pradesh, and Barnala, Punjab, are home to state-of-the-art manufacturing plants. Abhishek Industries Limited (now known as Trident Limited) was founded on April 18, 1990.
What do financial experts say about Trident Ltd?
According to tradingview, it’s a strong buy, with a target price of Rs.35 in the near future.
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