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Punjab-based manufacturer of home textiles (towels, bed linen) and wheat-straw-based paper products.
Punjab-based manufacturer of home textiles (towels, bed linen) and wheat-straw-based paper products.
Spins its own cotton yarn and weaves it into terry towels and bed linen, mostly for export, so it earns in dollars while costs are largely in rupees. Wheat-straw paper is the smaller second business. Founded and still controlled by the family of chairman Rajinder Gupta.
In one line: A vertically integrated Indian home-textile and paper maker.
Moat: narrow (scale). Large integrated scale in terry towels gives cost advantages versus smaller regional mills.
Headquarters: Ludhiana, India · Founded: 1990 · Employees: 16,303
Size Trident (TRIDENT.NS) is an India Materials company (Textiles) with a market value of $1.29B, the 520th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹23.88 on 6 Nov 2026.
Performance Over six months the shares fell 11.0%, against +21.0% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 14 in its peer set.
Growth Revenue fell 4.4% over the last twelve months (peer median +1.8%); the operating margin is 10.8% (peer median 6.3%).
Valuation It trades at 17.1× forward earnings against a peer median of 18.9× (6th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.2 points below its cost of capital (11.8% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹67.1B | ₹63.0B | ₹65.9B | ₹64.4B | ₹59.8B |
| Revenue growth | — | -4% | +2% | +8% | — |
| Gross profit | ₹22.2B | ₹7.36B | ₹7.39B | ₹7.52B | ₹7.18B |
| EBITDA | ₹10.1B | ₹5.42B | ₹5.90B | ₹5.79B | ₹6.19B |
| Net income | ₹4.80B | ₹3.77B | ₹3.70B | ₹3.50B | ₹4.41B |
| Free cash flow | n/a | ₹3.93B | ₹6.46B | -₹4.93B | ₹5.68B |
| Capital expenditure | n/a | ₹3.16B | ₹2.30B | ₹6.47B | ₹7.79B |
| Total debt | ₹14.3B | ₹18.3B | ₹16.4B | ₹21.3B | ₹14.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Trident TRIDENT.NS | $1.29B | -11% | -4% | 11% | 17.1× | 18.5% |
| Welspun Living WELSPUNLIV.NS | $2.41B | +82% | +5% | 8% | 35.5× | 32.4% |
| Vardhman Textiles VTL.NS | $1.56B | -15% | +3% | 9% | 12.0× | n/a |
| Indo Count Industries ICIL.NS | $1.03B | +68% | +19% | 8% | 29.7× | 31.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TRIDENT.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.0% | -3.7% | highest of 15 |
| 6-month return | -11.0% | +21.0% | 6th lowest of 14 |
| Distance from 52-week high | -22.8% | -20.0% | 7th lowest of 15 |
| Revenue growth (TTM) | -4.4% | +1.8% | 3rd lowest of 14 |
| Operating margin | 10.8% | 6.3% | 3rd highest of 14 |
| Forward P/E | 17.1× | 18.9× | 6th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 20.8% | 5th least demanding of 10 |
| Growth delivered (Del g) | +7.9% | +10.5% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | +10.6 pp | +7.5 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | -2.2 pp | -3.1 pp | 6th highest of 14 |
| EV / EBITDA | 12.9× | 12.9× | 6th cheapest of 12 |
| Net debt / EBITDA | 0.8× | 1.5× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Trident TRIDENT.NS | India | $1.29B | -11% | -4% | 11% | 17.1× | 18.5% | +7.9% |
| Aditya Birla Real Estate ABREL.NS | India | $1.26B | -33% | -26% | -19% | n/a | 39.6% | -30.9% |
| Arvind ARVIND.NS | India | $1.43B | +10% | +19% | 8% | 26.6× | 21.1% | +12.8% |
| Vardhman Textiles VTL.NS | India | $1.56B | -15% | +3% | 9% | 12.0× | n/a | n/a |
| Indo Count Industries ICIL.NS | India | $1.03B | +68% | +19% | 8% | 29.7× | 31.4% | +10.5% |
| Kolon Ind 120110.KS | South Korea | $858M | -61% | +2% | 4% | 4.9× | 4.2% | +4.2% |
| Raymond RAYMOND.NS | India | $761M | +111% | -6% | 6% | 79.4× | n/a | n/a |
| Kusumgar KUSUMGAR.NS | India | $612M | n/a | n/a | n/a | 34.7× | n/a | n/a |
| Sanathan Textiles SANATHAN.NS | India | $500M | +21% | +77% | 5% | 23.2× | n/a | n/a |
| Alok Industries ALOKINDS.NS | India | $442M | -41% | +6% | -4% | n/a | n/a | n/a |
| Filatex India FILATEX.NS | India | $427M | +100% | 0% | 6% | n/a | 20.8% | +13.3% |
| GHCL GHCL.NS | India | $406M | -21% | +2% | 20% | 7.7× | -2.5% | +4.2% |
| Jindal Worldwide JINDWORLD.NS | India | $399M | +39% | -2% | 5% | n/a | 21.9% | +6.0% |
| Nitin Spinners NITINSPIN.NS | India | $390M | +33% | 0% | 11% | 12.8× | 6.8% | +14.7% |
| Mayur Uniquoters MAYURUNIQ.NS | India | $344M | +23% | +16% | 22% | 14.7× | 14.8% | +13.6% |