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Prabhudas Lilladher Report
In our interaction with Trident Ltd., management cited:
plans to garner Rs 250 billion in top-line with 12% profit after tax margin by 2025 (requires entry in new business line and no concrete plan has been finalised yet),
scope of improvement in capacity utilisation (53% in FY21) for bath linen segment,
target to scale paper business’s topline to Rs 9-10 billion in next two years and
completion of phase-one expansion of new spinning unit (capacity of 61,440 spindles entailing capex outlay of Rs 3.4 bilion).
We believe Trident can capitalise on changing regional dynamics of China+1 and is well poised to meet rising home textile import demand from U.S. and Europe (both the regions constitute ~60% of home textile imports).
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