TRIDENT - World’s Largest Integrated Textile Manufacturer


(sjsandesh) #65

Financial results for FY 2017-18:

Corporate Presentation:


(sachinabhyankar) #66

I am holding Trident for past 3 years. Company has following going for it:

  • Reduction in high cost debt reducing interest cost

  • access to high quality cotton closer to factory, an edge over competitors, particularly foreign

  • Proven track record in towels

  • Deloitte is the auditor (hopefully books are not cooked)

Over last few months all textile stocks seem to have corrected including Trident. Its difficult to understand the reason for correction. Cotton prices may be one of the issue though it will affect all the players globally (India being one of the largest cotton producer) so company should be able to pass on the raw material price increase.

company has not been able to ramp up bed sheet capacity to the extent possible which may be biggest overhang. Though personally I do not see it as a major challenge as company has proven capability on towels and bed sheets is a related sector with similar customers.

Other may be trade war leading to reduced access to US market, which can have big impact as company is large exporter though its a business challenge and all Indian exporters will get time to adjust.

It will be good to understand other views on challenges faced by company and future prospects.

Disclosure - I am invested in company and considering adding at current levels.