Trident Ltd
About
Trident Limited was established in 1990 with the vision of becoming one of the country’s largest textile and yarn manufacturers. Over the years, Trident steadily rose through the ranks to become one of the five largest terry towel manufacturers in the world. Today, it is a USD 3 billion conglomerate with diversified operations in textiles, paper, chemicals, and energy. The paper division produces eco-friendly paper and stationery products made from wheat straw. The chemicals division manufactures LR/AR-grade sulfuric acid, which is used in the detergent, battery, and steel industries. The energy division utilizes black liquor effluent, a byproduct of production, along with coal and other agro-waste, to generate high-pressure steam and power for its manufacturing units. Trident exports its products to 150 countries across six continents, supported by 15 global offices and 25 manufacturing plants and stores worldwide.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 6963 8.5% | 6415 -9.7% | 7107 55.8% | 4562 -4.5% | 4777 -10.2% | 5320 15.4% | 4611 -2.0% | 4704 26.9% | 3706 -4.6% | 3883 0.5% | 3863 15.0% | 3359 21.2% | 2771 8.5% | 2555 37.8% | 1854 32.7% | 1397 - |
| Net Operating Income (INR Cr) | 6809 7.53% | 6332 -9.51% | 6998 54.45% | 4531 -4.17% | 4728 -9.93% | 5249 15.12% | 4559 -1.42% | 4625 26.18% | 3666 -2.39% | 3755 -2.94% | 3869 16.00% | 3335 22.07% | 2732 0.00% | 2521 39.78% | 1803 28.99% | 1398 33.32% |
| Profit (INR Cr) | 350 -20.7% | 441 -47.1% | 834 173.9% | 304 -10.4% | 340 -8.6% | 372 39.7% | 266 -21.1% | 337 39.3% | 242 105.4% | 118 -39.3% | 194 293.5% | 49 - | -43 - | 67 19.1% | 56 - | -53 - |
| Assets (INR Cr) | 6444 14.3% | 5640 3.6% | 5445 11.4% | 4891 -2.4% | 5012 -7.3% | 5409 -2.1% | 5524 -2.9% | 5687 -5.8% | 6040 48.2% | 4076 45.9% | 2795 -5.3% | 2950 0.5% | 2937 19.8% | 2453 10.8% | 2214 10.6% | 2002 - |
| Net Worth (INR Cr) | 4315 2.9% | 4193 9.1% | 3845 15.5% | 3328 10.2% | 3021 1.6% | 2973 9.1% | 2726 -1.1% | 2757 13.2% | 2436 67.4% | 1455 56.9% | 928 31.4% | 706 8.6% | 650 0.0% | 532 5.7% | 501 12.7% | 445 0.2% |
| Employee Cost (INR Cr) | 877 34.8% | 650 -2.9% | 670 15.1% | 582 -1.2% | 589 -1.5% | 598 17.3% | 510 -12.0% | 579 34.9% | 429 10.9% | 387 34.9% | 287 20.7% | 238 18.1% | 201 7.7% | 187 2.3% | 183 45.0% | 126 - |
| Interest Cost (INR Cr) | 156 | 80 | 86 | 72 | 111 | 112 | 118 | 141 | 145 | 206 | 210 | 235 | 172 | 129 | 110 | 83 |
| Cash & Bank Balance (INR Cr) | 531 | 365 | 292 | 119 | 338 | 26 | 167 | 133 | 82 | 17 | 25 | 34 | 23 | 7 | 27 | 20 |
| Total Debt (INR Cr) | 2126 | 1442 | 1597 | 1562 | 1991 | 2436 | 2798 | 2849 | 3503 | 2580 | 1862 | 2240 | 2284 | 1918 | 1711 | 1557 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.0% | 6.9% | 11.7% | 6.7% | 7.1% | 7.0% | 5.8% | 7.2% | 6.5% | 3.0% | 5.0% | 1.5% | - | 2.6% | 3.0% | - |
| Profit As % Of Assets | 5.4% | 7.8% | 15.3% | 6.2% | 6.8% | 6.9% | 4.8% | 5.9% | 4.0% | 2.9% | 6.9% | 1.7% | - | 2.7% | 2.5% | - |
| Profit As % Of Networth | 8.1% | 10.5% | 21.7% | 9.2% | 11.2% | 12.5% | 9.8% | 12.2% | 9.9% | 8.1% | 20.9% | 7.0% | - | 12.6% | 11.2% | - |
| Interest Cost to EBITDA % | 16.6% | 8.4% | 5.7% | 9.1% | 13.1% | 11.4% | 13.9% | 15.9% | 19.9% | 31.2% | 28.9% | 42.4% | 57.2% | 32.4% | 32.3% | 75.9% |
| Debt to Equity Ratio | 0.49 | 0.34 | 0.42 | 0.47 | 0.66 | 0.82 | 1.03 | 1.03 | 1.44 | 1.77 | 2.01 | 3.17 | 3.51 | 3.61 | 3.41 | 3.50 |
| RONW | 8.2% | 11.0% | 23.3% | 9.6% | 11.3% | 13.1% | 9.7% | 13.0% | 12.4% | 9.9% | 24.1% | 7.3% | - | 11.8% | 11.9% | - |
| ROCE | 10.5% | 11.9% | 23.3% | 9.5% | 10.2% | 12.1% | 9.1% | 9.9% | 8.4% | 10.9% | 16.6% | 10.8% | 3.8% | 8.9% | 9.6% | 7.7% |