BSE Code: | NSE Code: | ISIN: | Sector:

NSE
87.75
Change Change %
0.25 0.29%

Updated:23 Jan, 2018, 15:53 PM IST

BSE
87.60
Change Change %
0.20 0.23%

Updated:23 Jan, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Motilal Oswal
N/A
24-08-2017 Buy 86.50 114.00
N/A
Open Long (1Y)
24-08-2018

Motilal Oswal initiates Trident with buy

Trident is set to deliver CAGR of 9% in revenue and 24% in earnings over FY17-20, driven by revenue CAGR of 44% in bed linen and 12% in bath linen. The recently ventured bed linen segment is expected to turn EBITDA profitable by 3QFY18 as utilization touches 40%. The segment's share in overall revenue should increase from 4% in FY17 to 9% in FY20. After significant capacity expansion in bath linen in FY15, TRID is expected to reap its benefits and witness higher utilization (65% in FY20 v/s 50% in FY17), which would not require further addition of spindles as yarn capacity would be utilized in-house.

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