Trident Limited (TRIDENT) AI Stock Analysis

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Trident Limited

(NSE:TRIDENT)

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Rating:46Neutral

Price Target:INR 23.50▼(-1.14% Downside)

Action:reiterated

Date:11/04/26

Trident scores below average, driven primarily by deteriorating financial performance: profitability has roughly halved since FY2022, gross and EBITDA margins have compressed sharply, revenue is contracting, and ROE has fallen to single digits alongside weaker, more volatile cash generation. A reasonably leveraged balance sheet (D/E ~0.38x) and continued positive free cash flow provide a partial offset. Valuation adds further caution, as a 25.3x P/E appears rich against declining earnings, only partly balanced by a 2.1% dividend yield. Technically, the stock is attempting a short-term recovery above its 20- and 50-day averages but still trades under its 100- and 200-day averages with a negative MACD, leaving the longer-term trend unconfirmed. Earnings call and corporate event components were excluded due to unavailable data, with their weight redistributed.

Positive Factors

Manageable LeverageManageable leverage and steadily rising equity provide Trident with financial stability as it operates across textiles and paper. This balance-sheet position should preserve borrowing capacity and resilience, allowing the company to fund operations and pursue improvements without excessive debt strain.

Negative Factors

Inconsistent RevenueChoppy revenue and the latest decline indicate that Trident has not yet established consistent top-line momentum. Uneven demand or product mix can reduce capacity utilization and make it harder to spread fixed manufacturing costs, limiting dependable earnings growth over coming quarters.

Trident Limited (TRIDENT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 120.10B
Dividend Yield: 2.10%
Average Volume (3M): 610.16K
Price to Earnings (P/E): 25.3
Beta (1Y): 1.18
Revenue Growth: -4.44%
EPS Growth: 6.93%
Country: India
Employees: 11,560
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Trident Limited Business Overview & Revenue Model

Company Description

Trident Limited is an Indian-based conglomerate actively engaged in the production, trade, and global distribution of textiles, paper products, and chemicals, with operations spanning the United States, India, and other international markets. Its div...

How the Company Makes Money

Trident Limited primarily makes money by manufacturing and selling finished products across its key business segments. (1) Textiles / Home Textiles: Revenue is generated from the sale of home textile products such as terry towels and bed linen to cus...

Trident Limited Financial Statement Overview

Summary

Weak and deteriorating fundamentals. The income statement (38) shows stagnant revenue (~₹67–70bn) with an estimated -4.6% decline in FY2026, net income more than halved from ₹8.3bn (FY2022) to ~₹3.7bn, EBITDA margins compressed from ~21% to ~13%, and a sharp gross margin drop to ~31% from ~48%. The balance sheet (55) is the relative strength, with equity growing to ₹47.7bn and debt-to-equity at a manageable ~0.38x, though ROE has collapsed from ~21.7% to ~7.9% and debt ticked up to ₹18.3bn. Cash flow (42) is volatile and trending lower, with operating cash flow falling to ₹7.1bn, free cash flow down ~28% to ₹3.9bn, and weakening cash conversion (OCF/NI of 0.44x).

Income Statement

38Negative

Balance Sheet

55Neutral

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	67.81B	67.01B	69.87B	68.09B	63.32B	69.98B
Gross Profit	27.20B	20.81B	33.42B	33.00B	29.15B	36.19B
EBITDA	9.48B	9.51B	9.00B	9.30B	9.45B	15.00B
Net Income	3.95B	3.77B	3.70B	3.50B	4.41B	8.34B
Balance Sheet
Total Assets	0	75.37B	71.61B	75.63B	68.29B	64.89B
Cash, Cash Equivalents and Short-Term Investments	4.69B	4.69B	6.81B	4.84B	3.46B	2.75B
Total Debt	0	18.29B	16.35B	21.26B	14.42B	15.97B
Total Liabilities	-47.71B	27.65B	25.40B	32.46B	26.35B	26.44B
Stockholders Equity	47.71B	47.71B	46.21B	43.15B	41.93B	38.45B
Cash Flow
Free Cash Flow	5.45B	3.93B	7.15B	-3.60B	6.47B	5.41B
Operating Cash Flow	6.45B	7.08B	9.45B	2.87B	14.26B	9.03B
Investing Cash Flow	-3.98B	-7.37B	-2.05B	-7.18B	-11.65B	-3.43B
Financing Cash Flow	-2.97B	-240.00M	-6.82B	3.40B	-4.10B	-3.87B

Trident Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price23.77

Price Trends

50DMA22.76Positive

100DMA23.99Negative

200DMA24.38Negative

Market Momentum

MACD0.34Negative

RSI62.56Neutral

STOCH62.85Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRIDENT, the sentiment is Positive. The current price of 23.77 is above the 20-day moving average (MA) of 22.30, above the 50-day MA of 22.76, and below the 200-day MA of 24.38, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 62.56 is Neutral, neither overbought nor oversold. The STOCH value of 62.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRIDENT.

Trident Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:TRIDENT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:KPRMILL	76Outperform	INR 392.74B	37.82	―	0.43%	6.43%	24.09%
IN:ARVIND	66Neutral	INR 136.02B	29.08	―	0.89%	19.08%	10.88%
IN:VTL	66Neutral	INR 150.96B	14.54	―	0.96%	7.44%	19.19%
IN:WELSPUNLIV	62Neutral	INR 241.76B	54.28	―	0.04%	5.02%	23.13%
IN:ICIL	59Neutral	INR 107.59B	45.16	―	0.27%	19.19%	49.08%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:TRIDENT	46Neutral	INR 119.40B	25.29	―	2.10%	-4.44%	6.93%

* General Sector Average

Performance Comparison

IN:TRIDENT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:TRIDENT	Trident Limited	23.77	-3.88	-14.02%
IN:ARVIND	Arvind Limited	506.40	172.57	51.70%
IN:ICIL	Indo Count Industries Limited	556.35	248.92	80.97%
IN:KPRMILL	K.P.R. Mill Limited	1152.20	78.90	7.35%
IN:VTL	Vardhman Textiles Limited	519.95	71.45	15.93%
IN:WELSPUNLIV	Welspun Living Limited	247.60	109.33	79.08%

Trident Limited Corporate Events

Trident opens special one-year window to dematerialise legacy physical shares

Oct 6, 2026

Trident Limited has announced that, pursuant to a SEBI circular, a special one-year window has been opened from February 5, 2026 to February 4, 2027 to facilitate the transfer and dematerialisation of physical share certificates that were sold or pur...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

Trident Limited AI Stock Analysis