Shares of Trident Ltd, a leading textile manufacturer, have performed exceptionally well in the past decade, delivering phenomenal returns of 3,600% to investors. An astute analysis by ET Markets reveals that had an investor purchased Rs 10,000 worth of Trident stock a decade ago and held onto it, the investment would now be worth almost Rs 4 lakh.
This latest surge in price comes on the back of impressive gains over the previous five years, with a remarkable 500% hike. Notably, the stock has generated a whopping three-year return of over 600%.
Trident, boasting a market capitalization of slightly over Rs 20,000 crore, specialises in the production of textiles, paper, yarn, and chemicals. Their diverse range of products includes towels, wheat straw-based printing paper, weaving and hosiery yarns, and sulphuric acid.
The majority of Trident’s revenue is derived from exports.
The company’s shareholding pattern reveals that the promoters currently own a substantial 73.19% stake, with the remaining 25.56% held by public shareholders. Mutual funds and foreign investors do not possess significant stakes, but retail investors retain approximately 18% ownership of the company. Trident has an impressive trailing twelve-month (TTM) basis EPS of 0.93.
In the first half of FY24, Trident experienced a 4% increase in total income, reaching Rs 3,095 crore, while profit skyrocketed by 33% to touch Rs 218 crore. This remarkable financial performance signals promising prospects for Trident Ltd and its shareholders.
