Nobody attracts as much attention and stirs up as much debate as Trident.
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In the Information Age, attention is becoming a more valuable commodity.
During 2021, one corporations separated out from the crowd, dominating the debate and having a beneficial and bad impact on society. Here is FinSetup’s chosen corporations that determined 2021 after much ongoing argument.
Trident
To choose these organizations, we looked at a variety of factors, including Google search and news volume, performance against competitors, industry-specific indicators, and more.
Several of these businesses are digital, and they all have enormous reach, scope, and impact. Surprisingly, many of these businesses became embroiled in scandals as a result of their growth, and were caught up in larger-than-life movements.
Let's get started with this background in mind.
Trident
The firm began as a home textile maker in 1990 and has since expanded into paper, chemicals, and energy. The firm, which began in Punjab, now has clients in over 100 nations.
From Rs 10 per share on January 1, 2021, to Rs 62 the price has increased by 409%.
The government's ratification of the production-linked incentive programme boosted the stock this year as well (PLI). The government approved the PLI plan in September, providing benefits of Rs 10,683 crore to India's textile sector. The action will assist to enhance domestic production, create jobs, and expand exports.
Recent performance and growth
Total Revenue for 9M FY22 was INR 50884 Mn, up 59.8% from 9M FY21, owing to an increase in demand in FY22.
PAT grew by 137.5 percent Y-o-Y in 9M FY22.
EBITDA Margin was 20.72 percent in 9M FY22.
EPS was twice this year compared to 9M FY21.
Move to higher-priced retail products, focusing on sheets with a greater thread count and a higher GSM. Towels
To earn premiums, develop fresh and unique items based on consumer attitudes and behaviour.
Luxury, fashion elements, and sports divisions are all catered to.
Plant capacity utilisation is being increased through the digitalization of processes and the use of lean methods.
CAPEX Plans
All of these capacity will be added at a cost of INR 1377 crores, and the project will be finished by September 2023.
All of these projects will be financed using a combination of debt and equity.
As a consequence, the firm will gain a competitive edge and be better able to satisfy rising demand.