Trident Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 10523.15 Crore) operating in Textiles sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1485.25 Crore, up 10.25 % from last quarter Total Income of Rs 1347.15 Crore and up 108.01 % from last year same quarter Total Income of Rs 714.04 Crore. Company reported net profit after tax of Rs 206.81 Crore in latest quarter.
Investment Rationale
Factoring in the beat to estimates, the brokerage increases earnings estimate for FY22/FY23 by 38%/27% on the back of an improving demand outlook and considering the benefit from RoSCTL.
Promoter/FII Holdings
Promoters held 73 per cent stake in the company as of June 30, 2021, while FIIs held 3.6 per cent, DIIs 0.9 per cent and public and others 22.5 per cent.
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