TRIDENT

Trident share price & financials

Price
₹25.21
Market cap
₹11.9k Cr
Sector
Textiles
Calls analysed
5
Latest concall · Q2 FY22 · call held 21 Oct 2021

Trident Q2 FY22

EBITDA 4,129 million EBITDA Margin 24.7% PAT 2,288 million Net Debt 10,454 million

EBITDA 4,129 million; EBITDA Margin 24.7%; PAT 2,288 million. Net Revenue in Q2 FY22 stood at INR 16,727 million, marking a 42.43% YoY growth.

Read the full call →

What Trident Limited does

Trident Limited is an integrated home-textile manufacturer that spins yarn and weaves it into terry towels, bath linen and bed linen, alongside a paper business that is among the world's largest producers of wheat straw-based paper, supported by in-house chemical and captive/renewable power operations. Roughly half the yarn it spins is consumed internally by its own weaving and processing lines, and its Punjab and Madhya Pradesh facilities sit close to cotton and wheat-straw supply, cutting input logistics. It sells home-textile products under the Trident brand and private labels to national labels, captive brands and retailers, and supplies branded copier and speciality paper domestically, primarily in North India.

Segments

  • Bed & Bath Linen
  • Yarn
  • Paper
Manufacturing units
15+
Manufacturing plant locations
Sanghera & Dhaula (Punjab), Budhni (Madhya Pradesh)
Countries served
100+
Workforce
16,000+
International offices
New York (US), UK, Dubai, Singapore
Market position
World's largest wheat straw-based paper manufacturer; #1 branded copier paper maker in North India
Founded 1990Employees 16,000 (FY 2025-26) Company website

Guidance record · Q2 FY22

what the last two calls moved 10 tracked 2 delivered 2 missed 6 open
  • Yarn Project Capex delivered, diluted said Q1 FY21 Promised: Review of INR 1140 Cr, 3-phase Yarn Manufacturing project. Q2 FY22: The single phase started commercial production on July 27, 2021. The revised, smaller project was completed.
  • Paper Upgradation Capex went quiet said Q1 FY21 Promised: Review of INR 222 Cr Paper Upgradation project. Q2 FY22: No update provided on the original project. A new 'sheeting plant debottlenecking' project was announced instead.
  • Forward Hedged Rate (USD/INR) revised up said Q4 FY21 Promised: Average Forward Hedged Rate for FY22 is around INR 75.81 per USD. Q2 FY22: Guidance revised up to INR 76.32 per USD, a favorable revision for an exporter.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 4.8%, net profit up 10.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,709 1,663 1,859 1,700 1,785 +4%1,566 −6%1,630 −12%1,782 +5%
EBITDA225 210 243 290 213 −5%135 −36%229 −6%292 +1%
Net profit83 78 132 139 92 +11%42 −46%102 −23%153 +10%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −19.8% 1Y

₹22.0₹24.0₹26.0₹28.0₹30.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹29.16 on 10 Sept 2025 → ₹23.39. High ₹30.35 (22 Sept 2025), low ₹22.06 (17 Mar 2026).

Financials, as filed

Revenue grew 1.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 13.0%.

Year endingFY23FY24FY25FY26
Revenue₹6.3k Cr₹6.7k Cr₹7.0k Cr₹6.7k Cr
Operating profit₹946 Cr₹935 Cr₹902 Cr₹867 Cr
Operating margin14.9%13.9%12.9%13.0%
Interest₹80 Cr₹154 Cr₹128 Cr₹113 Cr
Depreciation₹312 Cr₹359 Cr₹363 Cr₹314 Cr
Net profit₹441 Cr₹389 Cr₹367 Cr₹375 Cr
Net margin7.0%5.8%5.3%5.6%
Cash from operations₹1.4k Cr₹275 Cr₹942 Cr₹754 Cr
Free cash flow₹658 Cr₹-364 Cr₹719 Cr₹461 Cr
ROCE12.0%11.0%9.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹510 Cr₹510 Cr₹510 Cr₹510 Cr₹510 Cr₹510 Cr
Reserves₹2.8k Cr₹3.3k Cr₹3.6k Cr₹3.8k Cr₹4.1k Cr₹4.2k Cr
Borrowings₹1.6k Cr₹1.6k Cr₹1.4k Cr₹2.1k Cr₹1.6k Cr₹1.8k Cr
Other liabilities₹876 Cr₹1.0k Cr₹1.2k Cr₹1.1k Cr₹995 Cr₹943 Cr
Total liabilities₹5.8k Cr₹6.4k Cr₹6.7k Cr₹7.5k Cr₹7.2k Cr₹7.5k Cr
Fixed assets₹3.8k Cr₹3.7k Cr₹4.1k Cr₹4.6k Cr₹4.4k Cr₹4.3k Cr
Capital work in progress₹64 Cr₹83 Cr₹368 Cr₹88 Cr₹50 Cr₹39 Cr
Investments₹4 Cr₹4 Cr₹3 Cr₹52 Cr₹252 Cr₹269 Cr
Other assets₹1.9k Cr₹2.6k Cr₹2.3k Cr₹2.8k Cr₹2.5k Cr₹2.9k Cr
Total assets₹5.8k Cr₹6.4k Cr₹6.7k Cr₹7.5k Cr₹7.2k Cr₹7.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.32 pp while FIIs added +0.20 pp. The shareholder count shrank 7% to 19,68,758.

Promoters
73.7%
FIIs
3.2%
DIIs
0.3%
Public
22.9%
Others
0.0%

Since Jun 2025

  • Public −0.32 pp
  • FIIs +0.20 pp
  • DIIs +0.13 pp

How it drifted, 12 quarters

Over this window others fell from 1.3% to 0.0% — −1.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.2%, FIIs 2.6%, DIIs 0.1%, Public 22.9%, Others 1.3%.Dec '23: Promoters 73.2%, FIIs 2.5%, DIIs 0.1%, Public 23.0%, Others 1.3%.Mar '24: Promoters 73.2%, FIIs 2.6%, DIIs 0.1%, Public 22.9%, Others 1.3%.Jun '24: Promoters 73.2%, FIIs 2.6%, DIIs 0.1%, Public 22.9%, Others 1.3%.Sep '24: Promoters 73.2%, FIIs 2.7%, DIIs 0.1%, Public 22.8%, Others 1.3%.Dec '24: Promoters 73.2%, FIIs 2.8%, DIIs 0.1%, Public 22.8%, Others 1.1%.Mar '25: Promoters 73.7%, FIIs 3.0%, DIIs 0.1%, Public 22.9%, Others 0.3%.Jun '25: Promoters 73.7%, FIIs 3.0%, DIIs 0.1%, Public 23.2%, Others 0.0%.Sep '25: Promoters 73.7%, FIIs 3.0%, DIIs 0.1%, Public 23.1%, Others 0.0%.Dec '25: Promoters 73.7%, FIIs 3.2%, DIIs 0.2%, Public 23.0%, Others 0.0%.Mar '26: Promoters 73.7%, FIIs 3.1%, DIIs 0.2%, Public 23.0%, Others 0.0%.Jun '26: Promoters 73.7%, FIIs 3.2%, DIIs 0.3%, Public 22.9%, Others 0.0%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Trident Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Trident Group Limited 45.75%unchanged
Madhuraj Foundation 27.63%unchanged
Investor Education and Protection Fund Authority 1.85%unchanged
Lotus Global Foundation 0.30%unchanged
Rajinder Gupta 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in TRIDENT

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.36 L shares (+1.0%).

Held by funds
₹8 Cr
5 schemes
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹5 Cr · 0.1% of that fund
SchemeHoldingLast month
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹5 Cr+0.24 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹2 Cr+0.11 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr−0.00 L
SBI Nifty Small Cap 250 ETF SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +35,851 shares (+1.0%)

Funds are sitting on
-24%
vs est. average cost
Held by funds
₹8 Cr
5 schemes · ≈ 0.07% of the company
Biggest holder
Nippon India Nifty Smallcap 250 Index Fund
₹5 Cr · 0.1% of that fund

Shares held by these funds +210%

Aug '23 34.38 L shares Jul '26

All earnings calls (5)

Read the Q2 FY22 call →

Learn to analyse Trident Limited

Guides on how to read this kind of business and the numbers that matter.