Trident Ltd(TRIDENT)

NSE: TRIDENTBSE: 521064

₹ 20.64+0.78%refreshed 26 Oct, 03:52 pm ISTMarket cap: ₹ 10,518 crWebsite: www.tridentindia.comUpdated: 27 Oct 2026

About

Trident Limited is one of India's largest vertically integrated manufacturers of home textiles (Bath and Bed Linen), yarn, paper and chemicals, operating 15+ manufacturing facilities in Punjab and Madhya Pradesh. It is also the world's largest wheat straw-based paper manufacturer and holds AA Stable credit ratings from both CARE and CRISIL.^[1][2][3]

Business segments

Yarn was the largest segment in FY26 at 43.3% of revenue (₹3,524.44 Cr), with EBIT margin of 6.1%.^[4]
Towel contributed 31.8% of FY26 revenue (₹2,584.51 Cr) at a 9.6% EBIT margin.^[4]
Paper and Chemicals contributed 12.8% of FY26 revenue (₹1,039.74 Cr) with the highest EBIT margin at 20.0%.^[4]
Bedsheets contributed 12.1% of FY26 revenue (₹987.28 Cr) at a 9.7% EBIT margin.^[4]
FY26 revenue mix by product family: Bath and Bed Linen 53%, Yarn 31%, Paper 16%.^[1]

Products and brands

Yarn portfolio spans 100% cotton (compact/combed/carded), open-end, air jet, organic, core spun, cellulosic blended, mélange and zero twist varieties.^[1]
Paper products include copier paper (mass/mid/premium), maplitho, writing & printing, NL coating for sublimation, and speciality grades Titanium Line (agro-residue) and Trident Gold Line (wedding card paper).^[1]
Paper brands: Trident Spectra, Trident My Choice, Trident Royal Touch, Trident Digi Print, Trident Spectra Bond, Trident Enviro Chemicals, and Prime Smart.^[1]
Sulphuric acid is manufactured in Battery, Commercial and Laboratory Reagent (LR/AR) grades at Dhaula, Punjab using DCDA technology.^[1]

Manufacturing capacity and operations

Installed yarn capacity: 7.97 lakh+ spindles; bath linen capacity: 90,000 MTPA; bed linen capacity: 63.87 million metres; paper capacity: 1,75,000 MTPA.^[1]
15+ manufacturing facilities with 1,100+ looms for bed and bath linen weaving, located at Sanghera (Punjab), Dhaula (Punjab) and Budhni (Madhya Pradesh).^[1]
Renewable energy accounted for 34.60% of total energy mix in Q1 FY27 (biomass 30.12%, solar 4.48%); solar capacity stands at 51.98 MWP.^[3]
92.63% of inputs are directly sourced from within India; 31.12% directly from MSMEs.^[1]
NABL-accredited laboratories and a dedicated Innovation Cell with 30+ professionals; R&D investments exceed INR 100 crore.^[1]

Key operating numbers

Textile segment EBIT margin: 15.00% in Q1 FY27 vs 11.22% in Q1 FY26 (+378 bps YoY).^[3]
Paper & Chemical segment EBIT margin: 17.62% in Q1 FY27 vs 28.22% in Q1 FY26 (-1,061 bps YoY).^[3]
Consolidated EBITDA margin: 17.55% in Q1 FY27, up 250 bps QoQ from 15.05% in Q4 FY26, but down 51 bps vs Q1 FY26.^[3]
Inventory days: 58 days in Q1 FY27; debtor days: 13 days in Q1 FY27.^[3]
Yarn revenue share in 9M FY26 expanded to 33% from 29% in FY25; Bed & Bath Linen contracted from 57% to 52% over the same period.^[5]

Customers and distribution

Global retail customers include Walmart, Target, Costco and IKEA.^[1]
Exports contributed 53.59% of FY26 revenue with presence across 100+ countries.^[1]
Export share was 53% of standalone income in Q1 FY27, consistent with Q4 FY26 (54%) and Q1 FY26 (54%).^[3]
International offices in New York (USA), England (UK), Dubai and Singapore; commercial teams expanded in US, UK and GCC in FY26.^[1]
Presence on 25+ e-commerce websites; strategy to build Trident as a national brand through retail outlets and social media.^[1]
Customers span retail, hospitality, industrial and export segments across domestic and international markets.^[1]

Expansion and strategic plans

Forward phase 2026 - 2030 to include expansion and diversification, increased power capacity, and AI-driven projects, targeting completion by FY2030.^[3]
India-UK FTA signed July 2025 eliminates tariffs on textile products, a structural tailwind for Trident's export business.^[3][6]
Product mix strategy targets luxury, fashion accents and sports segments with differentiated and innovative products to earn margin premium.^[3][1]
Net Zero 2050 goal with SBTi-validated target of 42% reduction in Scope 1 & 2 emissions by FY31 from FY22 base.^[5][1]

Recent developments

Mr. Samir Prabodhchandra Joshipura resigned as Group CEO of Trident Limited effective 30 September 2026, citing personal reasons.^[7]
Patent application filed in February 2026 for the Hybrid Threading Technique, a new yarn manufacturing approach; as of Q1 FY27 the company holds 10 secured patents and has applied for 6 additional.^[1][3]
Trident received Manufacturing Excellence Company of the Year, India's Best In-House Design Studio, and Design Excellence Award at the 25th CII Global Design Summit in FY26.^[1]
AA Stable ratings maintained from both CARE and CRISIL for long-term borrowings; A1+ for short-term borrowings.^[1]
Standalone net debt rose to INR 10,254 Mn as of June 2026 from INR 8,787 Mn as of June 2025; Net Debt/EBITDA stood at 0.83x and Net Debt/Equity at 0.22x in Q1 FY27.^[3]

Market Cap

₹10,518 Cr

High / Low

₹31 / 20

Stock P/E

26.3

Price / Book

2.2

Book Value

₹9

EPS

₹0.7

No. of Shares

509.6 Cr

ROCE

9.9%

ROE

8.0%

OPM

9.2%

Debt / Equity

0.37

Sales

₹6,701 Cr

Net Profit

₹377 Cr

Promoter holding

73.7%

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Trident Ltd(TRIDENT)

About

Business segments

Products and brands

Manufacturing capacity and operations

Key operating numbers

Customers and distribution

Expansion and strategic plans

Recent developments

Signal history

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