Trident Ltd

Trident Ltd is the flagship company of Trident Group, headquartered in Ludhiana, Punjab, Trident Ltd is a vertically integrated textile (yarn, towel & bed sheets) and paper (wheat straw based) manufacturer. Trident’s towel, yarn, bed sheets and paper businesses have earned global recognition and are delighting millions of consumers across India and the world. Trident Europe Limited offers proximity to European markets and strengthens the Company’s brand presence. The company has a presence in over 100 countries around the world, with national presence in Chandigarh, Bhopal, Gurugram, New Delhi and Mumbai, and international presence in New York, USA, Dubai and UK.Yarn business has been operational for over three decades and presently offers one of India’s largest spinning facility on a single campus. It generates premium cotton yarn used in domestic textile manufacturing. The company’s manufacturing facilities are equipped with cutting-edge technology and has a broad range of high-quality yarns in its product portfolio.Based on a borosilicate glass manufacturing facility from Germany’s De Dietrich Process Systems, a leader in the world of glass plants, Trident is among the top producers of sulphuric acid in India, producing exceptional quality LR/AR grade sulphuric acid. The Company is one of the main manufacturers of industrial and battery-grade sulphuric acid in North India. It produces consistent, effective and high-quality output on a larger scale. The Company specialises in three varieties of sulphuric acids— commercial grade, battery grade, and laboratory reagent (LR) grade. Each of these varieties has a unique composition and is employed in a variety of ways. The Company’s sulphuric acid serves several battery needs and is used to make zinc sulphate, alum, fertilisers, detergent and dyes. Buy at current levels for target price of Rs85 in medium term.