Trident Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4000.33 Crore) operating in Textiles sector.
By ETMarkets.com | Updated:
Getty Images
Promoters held 71.1 per cent stake in the company as of June 30, 2020, while FIIs held 1.7 per cent, DIIs 1 per cent and public and others 26.3 per cent.
Motilal Oswal has given a buy rating to Trident with a target price of Rs 10. The share price moved down by 0.90 per cent from its previous close of Rs 7.77. The stock’s last traded price is Rs 7.70.
Trident Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 4000.33 Crore) operating in Textiles sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1173.98 Crore, up 65.69 % from last quarter Sales of Rs 708.54 Crore and down 12.44 % from last year same quarter Sales of Rs 1340.72 Crore. The Company reported net profit after tax of Rs 105.25 Crore in latest quarter.
Investment Rationale On one-year forward P/E basis, TRID has traded at an average P/E of ~11x over the last five years. The brokerage values the company at 11x FY22E EPS and arrives at TP of INR10. Promoter/FII Holdings Promoters held 71.1 per cent stake in the company as of June 30, 2020, while FIIs held 1.7 per cent, DIIs 1 per cent and public and others 26.3 per cent.
