2011 - Change of the name of Company from Abhishek Industries Ltd to Trident (NS:
Trident Ltd is a leading diversified business conglomerate of India. Incorporated in 1990, the company continues to grow under the dynamic leadership of the chairman Mr Rajinder Gupta, a first-generation entrepreneur. The operations of the company are segregated into four main segments viz. Yarns, Terry Towels, Paper and Chemicals. (5th Segment started this month as mentioned below)
Trident caters to all segments of the market - Brands, Department Stores, Home Specialty Chains, Mass Merchants, and Institutional Customers. Our clientele comprises stalwarts of the retail world in the US, Europe, Australia, and New Zealand. We are also making significant inroads into the markets in Japan, Middle East, and South Africa.
Latest announcement during current quarter June to September 2021 (ongoing)
On 11th September 2021
August production data was released whereby Trident Ltd has produced 4,920 metric tons of Bath Linen, 3.1 metric tons of Bed Linen and 11,103 metric tons of Yarn in the Home Textiles segment. In the Paper & Chemicals segment, the company produced 14,721 metric tons of paper and 8,930 metric tons of chemicals.
On 9th September 2021
The company informed the exchanges that its board of directors has approved the capacity expansion plan. The proposed capacity addition for the yarn business is 98,496 Spindles and 3,600 Rotors, and the sheeting business is 70,000 meters per day, while the company also proposed a capacity addition of 16.3 MW for its cogen plant in the energy business. The textile player’s existing capacity stood at 589,248 Spindles, 7,464 Rotors, and 160 Air Jet for its yarn segment, while its capacity in the sheeting segment was currently at 120,000 meters per day and the cogen plant was at 49.4 MW.
On 12th August 2021
Net profit of Trident rose 1945.60% to Rs 206.81 crore in the quarter ended June 2021 as against Rs 10.11 crore during the previous quarter ended June 2020. Sales rose 109.22% to Rs 1482.38 crore in the quarter ended June 2021 as against Rs 708.54 crore during the previous quarter ended June 2020.
On 3rd August 2021:
Trident has announced the commencement of commercial production of “Tri-Safe” Washing Powder w.e.f August 2, 2021, at its Budhni facility in Madhya Pradesh with a current installed capacity of 10MT/Day. Trident with this new venture has entered the 5th segment and through this segment, it plans to reach every household of India by offering an affordable and effective washing solution. "Tri-Safe is infused with neem, a natural herb and part of the Indian ethos, to deliver good hygiene and intense cleaning for whites as well as colours. Rejoice over this new, easier way of washing, and claim your ‘right to good hygiene", said the company.
With the aim to become a national brand and further penetrate the consumer market, The investment of Rs 338 crore which was funded through external borrowings of Rs 253 crore and internal accruals of Rs 85 crore; we anticipate trident to grow exponentially in coming years based on the capacity expansion updates, as it can strengthen the position of the company in Textile Sector. We can witness the stock price crossing 2x or even 4x from the current levels by mid of 2022 (end of Q2).
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