On this page, we will analyze another low-priced stock to predict its future price. The focus of this page will be on the Trident share price target for the years 2023, 2024, 2025, and even up to 2050.
But we won’t just stop there. We will also provide a fundamental analysis of Trident, including information on shareholding patterns, various ratios, future growth drivers, risk factors, and more. So, let’s begin without any delay.
Trident Share Price Target 2023, 2024, 2025, 2026,…,2050
Trident stands out from most penny stocks due to its strong fundamentals, which you can see in the section below. Therefore, it’s worth considering how much the price of Trident stock could be in the future.
This is why investors and traders are searching for the Trident share price forecast. We have some advice for those individuals: don’t solely rely on the target price, as it could potentially harm your wealth. While having a target is beneficial, prioritizing risk management is crucial.
To make informed decisions, it’s important to analyze the stock both technically and fundamentally. You need to understand the company’s operations, growth prospects, portfolio management, and risk management, among other factors. Fortunately, we have thoroughly examined all the necessary aspects of Trident and have formulated the following target prices for you.
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Trident company was established in 1990 under the name Abhishek Industries Ltd. Later, in 2011, the company was rebranded as Trident Limited. The chairman of the company is Mr. Rajiv Dewan, while Mr. Deepak Nanda serves as the managing director. The company’s strong management team instills trust in investors.
Trident operates in various sectors, including home textiles, paper & stationery, yarn, chemicals, and energy. Their products, such as terry towels, bed sheets, and papers, are widely used. The company possesses three manufacturing facilities located in Punjab and Madhya Pradesh. As of FY22, these facilities collectively housed 589,248 spindles, 7,464 rotors, 320 Air Jet machines, 672 looms for terry towels, and 500 looms for bed sheets.
Textiles account for 86% of Trident’s revenue, while paper and chemicals contribute to the remaining 14%. Additionally, the company is expanding its presence in the FMCG (Fast-Moving Consumer Goods) segment. They have introduced an FMCG product called Tri Safe. Trident also utilizes e-commerce and operates its own online platform, mytrident.com.
Trident Stock Fundamental Analysis
Data As of 23rd June 2023
Trident always takes care of its investors by consistently paying dividends with a yield of 1.08%. However, Trident’s sales growth has not been impressive in recent years. Over the past 10 and 5 years, the sales growth has been compounded at a rate of 7%. Over the past 3 years, it has grown at a rate of 10%, but in the last year, it has declined by 10%.
Despite the average sales growth, Trident has experienced significant compounded profit growth. Over the past 10 years, the profit growth rate has been 25%. Over the past 5 years, it has been 11%, and over the past 3 years, it has been 9%. However, in the last year, the profit growth has declined by 47%.
When it comes to the stock price, Trident has shown a strong Compound Annual Growth Rate (CAGR). Over the past 10 years, the stock price has grown at a CAGR of 46%, and over the past 5 years, it has grown at a CAGR of 43%. Over the past 3 years, the CAGR has been 71%, but in the last year, it has declined by 10%.
Trident’s debt to equity ratio is 0.41, indicating a relatively low level of debt compared to equity.
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Factors Affecting Trident Share Price in Future
Company’s Business Plans
Trident is attempting to venture into various sectors such as FMCG and e-commerce. The success of these endeavors will significantly impact the company’s financials. Consequently, the performance of the company’s finances will directly influence its stock price. Therefore, it is essential to closely monitor these business plans and expansions as they are among the most critical factors to consider.
The financial performance of Trident, which includes factors like revenue growth, profitability, and cash flow, can have a significant impact on its stock price. When the company shows positive financial results, such as increased revenue and profitability, it tends to attract investors and drive up the share price. On the other hand, if Trident’s performance is poor, it can have the opposite effect on the share price.
There are a few factors directly tied to the stock market. For example, if negative news about Trident is released, the stock price is likely to decline as a result. Conversely, if positive news emerges, the stock price may soar.
Additionally, factors such as the company’s valuations, institutional holdings, and corporate actions play a crucial role in influencing the share price. If you engage in short-term trading, it is important to monitor these occurrences as they can make a stock more volatile.
Trident is not only a part of our local economy but also the global economy. As a result, the economic conditions of both India and the world can have an impact on Trident’s share price. When forecasting the stock price of Trident, it is essential to consider broader macroeconomic factors such as interest rates, inflation, GDP growth, consumer sentiment, and more. A robust economy generally creates a favorable environment for businesses, which can potentially lead to an increase in the share price of Trident.
Trident shares could be a promising choice for long-term investment due to their strong fundamentals. Therefore, it is important for everyone to conduct their own analysis before investing in stocks. If you are unable to analyze on your own, seeking guidance from a financial advisor is recommended.
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Disclaimer: The information presented on this website is solely for educational purposes and should not be construed as a trading or investing recommendation.