Trident Share Price Target 2022, 2023, 2024, 2025, 2030

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Trident share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Trident share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned Trident share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

Also read: Union bank share price target 2022, 2025, and 2030.

Trident Share Price Target 2022, 2023, 2024, 2025, and 2030

The flagship company of USD 1 billion Trident Group, Trident Limited is one of the world’s leading integrated home textiles manufacturers, and the largest wheat straw-based paper manufacturer. Headquartered in Ludhiana, Punjab. The company is also one of the largest exporters of home textile products.

Trident is the leading manufacturer of yarn, bath linen, bed linen, wheat straw-based paper, and chemicals. In the year 2016, the company also entered into the bed linen space by commissioning a facility in Budni, Madhya Pradesh. Trident has spread its footprint in over 150 countries worldwide.

It is one of the largest towel manufacturers in the world, one of the world’s largest agro-based paper manufacturers, and one of the largest yarn producers in India. TridentGroup is a leading diversified business conglomerate in India. Incorporated in 1990, the company continues to grow under the dynamic leadership of the chairman Mr. Rajinder Gupta, a first-generation entrepreneur. With a modest beginning of 17,280 spindles of yarns, the group today exports to over 75 countries and is continuously striving to uphold its position as one of the largest yarn producers in India.

The operations of the company are segregated into four main segments viz. Yarns, Terry Towels, Paper and Chemicals. Trident caters to all segments of the market – Brands, Department Stores, Home Specialty Chains, Mass Merchants, and Institutional Customers. Trident clientele comprises stalwarts of the retail world in the US, Europe, Australia, and New Zealand. Trident is also making significant inroads into the markets in Japan, the Middle East, and South Africa.

Share Holding Pattern

Trident share price target 2022, 2023, 2024, 2025, and 2030

Segment-wise revenue

Trident share price target 2022, 2023, 2024, 2025, and 2030

Revenue by geography

Trident share price target 2022, 2023, 2024, 2025, and 2030

Trident share price target 2022

Trident’s share price has grown at a CAGR of 14% in the last week, 17% in the last one month, 131% in the last 3 months, 169% in the last 6 months, and 487% in the last year. Trident has given multi-bagger returns to its investors and the company will continue to give stellar returns even in the future.

84% of the revenues of Trident are from the textile industry.

The textile industry alone accounts for 12% of Indian exports, 7% of the nation’s total industry output, and 2.3% of the GDP. It also makes up 5% of the global trade in textiles and apparel.

After agriculture, the Indian textile industry is the second largest employer in India.

Indian textile industry is one of the oldest industries which is there for several centuries. After China, India is the second-largest producer and exporter of textiles, and the majority of the exports are to US and UK.

After China, Bangladesh, and Vietnam, India is the fourth-largest producer and exporter of apparel. Superior quality makes companies in India export leaders.

Indian government support to textile industry

  • Lowered the GST slab to 5 percent.
  • Both national and international players are showing interest to invest in the textile industry. In the Indian textile industry, up to 100%, of foreign direct investment is allowed through the direct route.
  • Between April 2020 and December 2020, foreign direct investment and equity inflows were stood at USD 3.7 billion.
  • The Indian government also introduced schemes to boost textile exports and set a target of USD 100 billion worth of exports in the next five years.
  • The schemes are the Technology degradation fund scheme and the scheme for integrated textile parks to attract investment in the textile industry.
  • Cabinet also approved a production-linked incentive scheme worth rupees 10,683 crores for the textile sector with an aim to boost domestic manufacturing and exports.
  • In budget 2021-22, the government of India also proposed a scheme for setting up mega-investment textile parks in the country to enable India’s textile industry to become globally competitive and to attract large investments.
  • National investment promotion and facilitation agency for information in India said that by 2024-25, India’s market share in Textile and apparel will reach 15% from 5%, which is three times, and exports by both textile and the apparel industries are expected to reach USD 300 billion. All these factors will have a positive impact on Trident share price target for 2022.

By considering all these factors and opportunities, Trident share price target for 2022 is Rs 62.

Trident share price target 2022
Rs 62

Strengths of Trident Group

Your organisation’s strength is something that makes it stand out from the rest. It can be a competitive advantage that sets it apart from its competitors. Some of the strengths of Trident Group are as follows –

  • Strong Free Cash Flow: There is a strong free cash flow and Trident has an annual revenue of 6800+ crores that puts resources into the hands of the company to expand into new projects. 
  • Good ROI: It is relatively successful in new projects including trailblazing infrastructure that can scale and support growth and provides a high return on capital expenditures through the creation of new revenue streams.
  • Strong Brand Portfolio: Over the years Trident Group has invested in building a strong brand portfolio and from Punjab, it has reached the homes of millions of customers across 100 countries. This brand portfolio can be very useful if an organisation wants to expand into new product categories. 
  • Outstanding Performance in New Markets: Trident Group has accumulated experience to enter new markets and achieve success. The expansion has helped organisations create new revenue streams and diversify business cycle risks in the markets in which they operate. 
  • Highly Skilled Labour: Highly skilled workforce through successful education and training programs. By investing enormous resources in the training and development of Trident Group employees, they not only create highly qualified employees but also motivate them to achieve more. 
  • Mergers and Acquisitions: A track record of successfully integrating additional companies through mergers and acquisitions. Over the past few years, he has successfully integrated several technology companies to optimise operations and establish a stable supply chain.

Weaknesses of Trident Group

Strategy is all about choices and weaknesses are areas where companies can improve through SWOT analysis and leverage their competitive advantage and strategic positioning.

  • More Investment is Needed in New Technologies: Given the scale of the expansion and the multiple geographic regions in which the company will expand, Trident Group’s overall integrating processes require more money to be invested in technology. Current investments in technology are not aligned with the company’s vision. 
  • Financial Planning is Not Being Performed Properly and Efficiently: The liquid asset ratio and liquidity ratio indicate that a company can use its cash more efficiently than it currently is. 
  • High Labour Outflow: With higher dropout rates compared to other organisations in the industry, Trident Group, and have to spend significantly more on employee training and development than its competitors. 
  • Not Very Successful in Integrating Companies with Different Work Cultures: As mentioned earlier, Trident Group is successful at integrating small companies. It has its share of failures to merge firms that have different work cultures.
  • High Competition: The daily stock is high compared to its competitors, so the company has to raise more capital to invest in the channel. This could affect the long-term growth of Trident Group.
  • Product Marketing: Although the product is successful in terms of sales, its positioning and unique selling proposition are not clearly defined, making it vulnerable to attack from competitors in this sector.

Opportunities for Trident Group

Opportunities are potential areas for companies to focus on to improve results, increase sales, and ultimately profit.

  • New Environmental Policy: New opportunities will create a level playing field for everyone in the industry. This is a great opportunity for Trident Group, Inc. to realise the benefits of new technologies and gain market share in new product categories.
  • New Taxation Policy: New tax policies can have a significant impact on the way Trident Group does business and open up new opportunities for them to increase its profitability.
  • Open New Markets Through Government Agreements: New technology standards and government free trade agreements provided to Trident Group open up opportunities for Trident Group to enter newly developed markets. 
  • New Customers Through Online Channels: The company has invested huge amounts of money in its online platform over the past few years. This investment opened up a new sales channel for Trident Group. Over the next few years, companies will be able to seize this opportunity by better understanding their customers and meeting their needs through big data analytics.
  • Expected Growth: The household linen market is expecting outstanding growth till 2027 and this growth will immensely benefit the company in terms of revenue growth.
  • Economic Recovery: Economic recovery and rising consumer spending after years of recession and slow industrial growth are opportunities for Trident Group to attract new customers and increase market share.

Threats to Trident Group

Threats are environmental factors that can harm a company’s development. Here are some of Trident Group’s threats:

  • Legal Actions: The company may face legal action in other markets given the continuing fluctuations in different laws and product standards in those markets.
  • Fierce Competition: Strong profitability has increased the number of players in the industry over the past two years, putting downward pressure on overall revenue as well as profitability.
  • Liability Laws: Vary from country to country Trident Group may face a variety of liability claims as a result of these market policy changes. 
  • Quantitative Increases in Commodities: This could jeopardise Trident Group’s profitability. A shortage of skilled labour in certain global markets threatens Trident Group’s continued earnings growth in the market.
  • Operates Globally: Because the company operates in many countries, it is exposed to currency fluctuations, especially given the unstable political environment in many markets around the world. This may face some challenges in the market and may result in some losses as well.

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Trident share price target 2023

We would suggest you to hold Trident for the long term. Because the stock is very strong in terms of fundamentals, financials, and management. The company has a very strong rand portfolio in the textile industry and Trident continues to innovate and file patents every year to stay in the race.

The global textile market was estimated at USD 594.1 billion in 2020. With companies rearranging their operations and recovering from the COVID-19 impact, the market is expected to reach USD 654.7 billion in 2021 and grow at 6 percent CAGR to reach USD 821.7 billion by 2025. In 2020, Asia-Pacific was the largest textile market region, accounting for 51 percent of the global market size; Western Europe was the second-largest accounting for 17 percent of the global market while Africa remained the smallest market. Increasing demand from a larger post-lockdown online apparel shopping platform is expected to be the main growth driver for this industry.

Textile industry growth drivers

  • Adoption of modern technologies.
  • Superior capacity building.
  • Availability of low-cost skilled labor.
  • Growth of the online fashion industry.
  • increasing penetration of organized retail.
  • Growing youth population and urbanization.
  • Support from the government with several schemes.

By considering all the above-mentioned opportunities and the growth drivers for the company to grow its business in the future, Trident share price target 2023 is Rs 74.

Trident share price target 2023
Rs 74

Also read: Delta Corp share price target.

Trident share perice target 2024

India’s paper industry provides employment to over 500,000 people directly and 1.5 million indirectly. Paper consumption in India, approximately 15 million tons per annum, is expected to touch 23.5 tons per annum by 2025 and is predicted to increase by 7.6 percent per year. The per capita consumption of paper in India, however, is still very low at 14 kgs per annum, as compared with the global average of 57 kgs and over 200 kgs in developed countries. The domestic market size is approximately 80,000 crores while exports of paper were valued at over 6,800 crores in FY 2019 20. India ranks fifteenth among paper manufacturing nations in the world.

The Indian paper industry, which was one of the worst hit in the wake of the COVID-19 pandemic, has witnessed some signs of revival. The closure of educational institutes significantly impacted the demand for paper. However, there was strong traction in demand for packaging boards due to the spike in online deliveries. The global trend to support biodegradable and sustainable packaging has also augured well for the industry. This will help to achieve the Trident share price target for 2024.

The paper manufacturing scenario in India is witnessing a significant shift towards sustainability with large paper mills working to improve efficiencies, increase productivity, and reduce resource intensity. The industry has been working on new practices including research and development towards energy efficiency, environment preservation, and better overall process technology. Trident share price target for 2024 is Rs 89.

Trident share price target 2024
Rs 89

Also read: Eicher Motors share price target.

Trident share price target 2025

The government of India wants to achieve 100 billion in textile exports over the next five years. Trident’s 68% of the revenue is from export only, the initiative from the government will further increase the revenues for Trident from exports.

Trident has a strong presence in America and UK, if the government supports textiles exports then will strengthen the business of trident in other regions also. This will have a positive impact on Trident share price target for 2025.

The Company holds a unique place in the home textile space as one of the largest vertically integrated companies globally. Bath and Bed Linen are the two main business divisions. The innovation lies at the very heart of Trident, be it in the production infrastructure, fiber use, yarn production, or processing. The Company has a strong grip across its value chain. The Company’s state-of-the-art production facilities include spinning, wide-width air-jet and jacquard weaving, soft flow dyeing, and fully automated cutting and sewing for towels.

The manufacturing units are equipped with world-class machinery like Karl Mayer, Texpa, Schmale, and Thies from Germany; Toyota from Japan; Beninger from Switzerland; Anglada from Spain; ETON from Sweden; Zimmer from Austria and Picanol from Belgium.

The Company’s design studios in US and UK ensure proximity to the market and its customers. It has a dedicated team of qualified designers from the most prestigious Indian institutes for end-to-end product and print design innovation. In order to enhance the presence of Trident, the Company has also opened six New Showrooms Across India in January 2021 and further Six showrooms in the Month of April 2021.

The Company has also been equipped with omnichannel capabilities has established its footprint across e-commerce platforms. The Company is focused to drive growth from digital platforms. The Company is the largest player in terry towel capacity. In the US market, it holds the position of being one of the leading suppliers of bath linen. The Company has been at the forefront of innovation to introduce superior quality products conforming to global standards.

Trident is a complete bedding solution provider with a wide product portfolio and unmatched design capabilities. The division has witnessed huge traction primarily led by increasing exports. By considering all these factors, Trident share price target for 2025 is Rs 112.

Trident share price target 2025
Rs 112

Also read: IOB share price target.

Trident share price target 2030

Trident is the leading manufacturer of sulphuric acid in India, offering superior quality LR/AR grade sulphuric acid based on a borosilicate glass-making facility from De Dietrich Process Systems, Germany, who are world leaders in the field of glass plants. The Company boasts of being one of the largest commercial and battery-grade sulphuric acid manufacturers in North India. It manufactures a superior quality product with more consistency, a bigger scale, and improved efficiency.

It specializes in three grades of sulphuric acid – Commercial Grade, Battery Grade, and Laboratory Reagent (LR) Grade Sulphuric Acid, which differ in composition and hence serve various different applications. Sulphuric acid produced by the Company finds applications in diverse battery requirements and in the production of zinc sulphate, alum, fertilizers, detergent, and dyes.

The Company follows the process of burning elemental Sulphur using double contact, double absorption technology to manufacture sulphuric acid. The Dhaula absorption plant is designed to support the unique process that limits emissions to a bare minimum. The multi-fuel AFBC boilers are equipped with automated DCS operations and intelligent load management systems.

The plant is fed through agro-wastes like rice husk, ETP sludge, methane (from ETP), and pet as well as imported coke. This energy-efficient model works appropriately to support the entire production. After a brief analysis of Trident company, Trident share price target for 2030 is Rs 380.

Trident share price target 2030
Rs 380

Also read: GMR Infra share price target.

Trident share price target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
Trident share price target 2022Rs 62
Trident share price target 2023Rs 74
Trident share price target 2024Rs 89
Trident share price target 2025Rs 112
Trident share price target 2030Rs 380

Conclusion

In this article, we have provided the fundamental analysis of Trident along with Trident share price target 2022, 2023, 2024, 2025, and 2030. Trident may or may not reach the target price we have given but one thing is clear, Trident is fundamentally, financially very strong. So, trident may reach the share price target sooner than we have expected it to reach or it may reach it later.

Do hold it for the long term if you are confident about the company and its business. There are very high chances that Trident can become a multi-bagger in the future.

Frequently asked questions

Is Triden share a good buy for long term?

Yes, Trident share is a good buy for the long term. There is a lot of scope for the textile industry in the future. The government of India is also supporting the textile industry with various schemes and productive linked incentives. The textile industry is the largest employer after agriculture in India. So the government will take care of the textile industry. The government of India also set a target of $100 billion in exports by 2025.

Is Trident a multi-bagger?

Trident share has given 17% returns in the last month, 131% returns in last three months, 169% returns in last six months, and whooping 487% returns in last year. By this, you can clearly understand that Trident is a multi-bagger stock. The company has given steller returns to its investors and the company will continue to give even in the future.

What is target price for Trident share?

Trident share price target for 2022 is Rs 62, Trident share price target for 2023 is Rs 74, Trident share price target for 2024 is Rs 89, Trident share price target for 2025 is Rs 112, and Trident share price target for 2030 is Rs 380

What is the future of Trident company?

Trident company is spending a huge amount of money on research and development to stay in the race, the future of trident is very bright. Even in uncertain situations the company can withstand and continue to dominate in its industry. Trident has filed new patents and the company is continuously developing new technologies in the textile industry.

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