Any current/future new fundraising through debt or equity?

No significant new CAPEX other than approved captive co-generation Steam (2 x 150 TPH) and Power Plant (2 x 30 MW) facility in Budni, Madhya Pradesh. Financial closure and legal documentation completed for a Power Project in Budni; disbursement as of 31 December 2018 is Nil. Expected drawdown of about INR 150 crore by end of FY20 for this project. Small maintenance CAPEXs (~INR 100 crore annually) continue for de-bottlenecking and capacity upgrades. No mention of new equity fundraising; focus is on manageable debt with Net Debt to Equity ratio at 0.7x as of December 2018.

Any current/future capex/capital investment/strategic investment?

No significant CAPEX planned for FY19/FY20 other than implementation of captive co-generation steam (2 x 150 TPH) and power plant (2 x 30 MW) facility in Budni, Madhya Pradesh; Board approved with details provided in Q1 FY19 release. Ongoing small maintenance CAPEXs such as de-bottlenecking/upgradation of capacities amounting to approx. INR 100 crores per year. Expect drawdown of about INR 150 crore by end of FY20 for power project in Budni. Focus on strategic investments in US distribution: enlarged team, product development & innovation, improved product functionality, and branding initiativ

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects sustainable EBITDA margins around 18% to 22%. Revenue growth is projected at 10% to 15% year-on-year. Q3 FY19 saw a profit after tax of INR 112.1 crores with EPS of INR 2.20. The company targets continued growth driven by volume and realization increases, especially in the Home Textile segment. Strategic initiatives in product innovation, US market expansion, and capacity utilization improvements are aimed at sustaining growth. Small maintenance CAPEX of approximately INR 100 crores annually supports operational efficiencies. Stable cotton prices are expected to support cos

Current/ Expected Orderbook/ Pending Orders?

The demand for Paper has been robust at the beginning of the publishing season in India (Q3 & Q4 FY19), with order book showing healthy growth. There is optimism to sustain growth in the Home Textile business going forward, suggesting a strong order pipeline. Specific figures for the current or expected order book/pending orders are not explicitly provided in the document. The company expects to continue surpassing guidance on revenue and margins, indicating positive order inflow and backlog. The focus on US distribution expansion, product development, and innovation supports expectation of in

Trident LtdQ3 FY19Textiles & Apparels

Trident Ltd Q3 FY19 Earnings Call Analysis

Q: Future growth expectations in sales/revenue/volumes?

Future Growth Expectations for Trident Ltd: EBITDA margins expected to be around 18% to 22% sustainably. Revenue growth anticipated at 10% - 15% year on year for FY20 & FY21. Bed Linen sales volume grew 41.7% Y-o-Y; Bath Linen grew 10.1% Y-o-Y. Target utilization levels for FY20: Bed Linen ~75% (+/-5%), Bath Linen ~60% (+/-5%). Marketing initiatives planned to improve capacity utilization and customer acquisition include: - Exploring white spaces in retail matrix. - Introducing differentiated, innovative products. - Tailored strategies for new customers. - Strengthening US team and cl

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹22.2P/E: 29.8Market Cap: ₹11.8K CrSector: Textiles & Apparels

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

1 of 4 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

Future Growth Expectations for Trident Ltd: - EBITDA margins expected to be around 18% to 22% sustainably. - Revenue growth anticipated at 10% - 15% year on year for FY20 & FY21. - Bed Linen sales volume grew 41.7% Y-o-Y; Bath Linen grew 10.1% Y-o-Y. - Target utilization levels for FY20: Bed Linen ~75% (+/-5%), Bath Linen ~60% (+/-5%). - Marketing initiatives planned to improve capacity utilization and customer acquisition include: - Exploring white spaces in retail matrix. - Introducing differentiated, innovative products. - Tailored strategies for new customers. - Strengthening US team and closer customer engagement. - Competitive pricing to sustain growth. - Small maintenance CAPEX (~INR 100 crores per year) for capacity upgradation ongoing. - Stable cotton prices expected unless affected by geopolitical trade issues. - Efforts underway to grow US distribution and product branding to sustain growth momentum.

Margin guidance

Category 3

The company expects sustainable EBITDA margins around 18% to 22%.
Revenue growth is projected at 10% to 15% year-on-year.
Q3 FY19 saw a profit after tax of INR 112.1 crores with EPS of INR 2.20.
The company targets continued growth driven by volume and realization increases, especially in the Home Textile segment.
Strategic initiatives in product innovation, US market expansion, and capacity utilization improvements are aimed at sustaining growth.
Small maintenance CAPEX of approximately INR 100 crores annually supports operational efficiencies.
Stable cotton prices are expected to support cost management unless geopolitical trade issues arise.
Overall outlook indicates steady earnings and margin growth from FY20 onwards.

See what Trident Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

No significant new CAPEX other than approved captive co-generation Steam (2 x 150 TPH) and Power Plant (2 x 30 MW) facility in Budni, Madhya Pradesh.
Financial closure and legal documentation completed for a Power Project in Budni; disbursement as of 31 December 2018 is Nil.
Expected drawdown of about INR 150 crore by end of FY20 for this project.
Small maintenance CAPEXs (~INR 100 crore annually) continue for de-bottlenecking and capacity upgrades.
No mention of new equity fundraising; focus is on manageable debt with Net Debt to Equity ratio at 0.7x as of December 2018.

Order book

The demand for Paper has been robust at the beginning of the publishing season in India (Q3 & Q4 FY19), with order book showing healthy growth.
There is optimism to sustain growth in the Home Textile business going forward, suggesting a strong order pipeline.
Specific figures for the current or expected order book/pending orders are not explicitly provided in the document.
The company expects to continue surpassing guidance on revenue and margins, indicating positive order inflow and backlog.
The focus on US distribution expansion, product development, and innovation supports expectation of increasing orders.
Overall, the order book appears strong, particularly in Paper and Home Textile segments, although exact quantification is not disclosed.

See what Trident Ltd management said on order book — free account, 30 seconds.

Capex plans

No significant CAPEX planned for FY19/FY20 other than implementation of captive co-generation steam (2 x 150 TPH) and power plant (2 x 30 MW) facility in Budni, Madhya Pradesh; Board approved with details provided in Q1 FY19 release.
Ongoing small maintenance CAPEXs such as de-bottlenecking/upgradation of capacities amounting to approx. INR 100 crores per year.
Expect drawdown of about INR 150 crore by end of FY20 for power project in Budni.
Focus on strategic investments in US distribution: enlarged team, product development & innovation, improved product functionality, and branding initiatives to sustain growth.
Emphasis on customer acquisition and capacity utilization through reviewing retail white spaces, differentiated products, tailor-made strategies for new customers, stronger US team, and competitive pricing.

Track Trident Ltd — get its next earnings analysis in your feed

How does Trident Ltd rank vs peers in Textiles & Apparels?

Pro feature

ThisTrident Ltd

Rev 3Mar 3

See where Trident Ltd sits in Textiles & ApparelsSee which companies these are, and every other name in the sector.Open rankings

How does Trident Ltd rank in Textiles & Apparels?

Compare Trident Ltd against every Textiles & Apparels company (Q3 FY19) on revenue, margins and earnings-call signals.

View Textiles & Apparels leaderboard →

What Trident Ltd's management said in earlier quarters

Others in Textiles & Apparels this season

Purple United Sales Ltd (Q1 FY27)
Reported revenue from operations for FY 2025-26: ₹17,063 lakh, a 65% increase from ₹10,313 lakh in FY 2024-25. Key investor presentation takeaways from Purple U
Ambika Cotton Mills Ltd (Q1 FY27)
FY 2025–26 showed renewed growth with revenue increasing by ~11% to ₹780.95 crore. Key concall takeaways from Ambika Cotton Mills Ltd's Q1 FY27 earnings call…
Orbit Exports Ltd (Q1 FY27)
Revenue from Operations for Q1 FY 2026-27: ₹75.15 Crores, up 19.3% YoY (from ₹63.00 Crores in Q1 FY25-26). Key concall takeaways from Orbit Exports Ltd's Q1…
Lux Industries Ltd (Q1 FY27)
290.9 crores, +8.43% YoY . Key concall takeaways from Lux Industries Ltd's Q1 FY27 earnings call — and how it ranks against sector peers.

Compare:vs Page Industries vs K P R Mill Ltd vs Welspun Living

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Trident Ltd Q3 FY19 Earnings Call Analysis

Revenue guidance

Fundraise plans

Capex plans

How does Trident Ltd rank in Textiles & Apparels?

Continue your research

What Trident Ltd's management said in earlier quarters

Others in Textiles & Apparels this season