Author: Prashant Marathe
Date Published: May 21, 2025
🧾 At a Glance
- Total Income (Q4): ₹1,883.36 Cr
- Net Profit (Q4): ₹133.42 Cr
- EPS (Q4): ₹0.25
- CMP: ₹33.45
- EduFair Value: ₹28–₹31
👉 Verdict: Great company. Stock? Slightly over-soaked.
🧺 About the Company
Trident Ltd is a home textile and paper manufacturing company:
- World’s largest terry towel producer
- Strong presence in bed linen, yarn, paper
- Export-heavy, with consistent B2B partnerships (Walmart, IKEA, etc.)
The business is boring. The stock? Trending.
📊 FY25 Quarterly Overview
| Quarter | Revenue (₹ Cr) | PAT (₹ Cr) | EPS (₹) |
|---|---|---|---|
| Q1 | 1,749.65 | 73.59 | 0.15 |
| Q2 | 1,720.52 | 83.46 | 0.17 |
| Q3 | 1,677.84 | 77.94 | 0.15 |
| Q4 | 1,883.36 | 133.42 | 0.25 |
FY25 EPS (Total): ₹0.72
Net Profit (Full Year): ₹368.41 Cr
🧠 EduInvesting Take
“Trident is a towel giant. But towel margins don’t make you a multibagger.”
✅ Profitable
✅ Consistent exports
✅ High ROCE on paper biz
❌ Low EPS
❌ Textile valuations already high
You’re buying a textile stock trading at 46x earnings — that’s not margin of safety, that’s market optimism.
🧮 EduFair Value Estimate
- EPS = ₹0.72
- Assign P/E = 35–40x (for stable export textile)
✅ Fair Value = ₹28–₹31
CMP = ₹33.45 → Slightly overvalued (~10–20%)
Great brand. Not a great buy today.
⚠️ Risks
- 📉 Cotton price volatility hits margins
- 🌍 Export reliance = FX risks
- 🧺 Low-value products = pricing pressure
- 📉 Already up 13% today = FOMO fueled
💸 CMP vs Fair Value
| Metric | Value |
|---|---|
| CMP | ₹33.45 |
| FY25 EPS | ₹0.72 |
| Fair Value | ₹28–₹31 |
| Upside | ⛔ Overvalued today |
🏁 EduFinal Word
Trident is:
- Consistent ✅
- Profitable ✅
- Trending ❗
- Fully valued ❌
Edu Verdict:
Buy only on dips below ₹28.
Great company. Not a good price.
