Mumbai News, 26 February 2026: Trident Limited (NSE: TRIDENT, BSE: 521064) shares opened this morning with a slight drop. At 10:30 am, the share price on NSE was around ₹25.88, which is 0.46% lower than yesterday’s closing price of ₹25.98. The same trend was seen on BSE, with the price hovering around ₹25.88.
NSE live update (26 February 2026, 10:30 AM IST)
- Open: ₹25.85–25.90
- High: ₹25.95
- Low: ₹25.70
- Volume: 1.5 crore+ shares (approx, morning)
- Market cap: ₹13,180 crore (approx)
BSE live update:
Same price range, with lower volumes. Yesterday (25 February), the closing was ₹25.98 (+0.43%), with an open of ₹25.85, a high of ₹26.16, and a low of ₹25.41. Volume was 6.83 crore shares.
Textile stocks fell sharply due to the government’s RoDTEP decision
The entire textile sector has seen pressure over the past two days, along with Trident. The government has slashed the duty benefits exporters receive under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50%. As a result of this decision, stocks like Gokaldas Exports, Arvind, Welspun Living, Pearl Global, and Trident fell 4-6% on 24 February. RoDTEP rates ranged from 0.3% to 3%, and now they have been cut by 50%. This has raised fears of a 1-2% increase in export costs. This has become a challenge for home textile and yarn exporters like Trident, though the company showed some recovery on 25 February.
Trident Company’s policies, financing, and debt situation
Trident Limited is a company with strong corporate governance. The company’s code of corporate governance is in line with international standards. Ethics, transparency, and strict adherence to SEBI regulations are the main pillars of their policy. The company is active in yarn, terry towels, bed sheets, paper, and chemicals. It is among the top 5 terry towel producers in the world and ranks second in home textile exports from India.
Financing and debt:
The company has focused on reducing debt. The Total Debt/Equity Ratio is 0.34 as of March 2025 (borrowings ₹1,605 crore in September 2025). Net debt is around ₹815 crore. This has kept interest expenses under control (₹26 crore in Q3 FY26) and improved ROE. The company has strong cash flow (operating cash ₹945 crore+ in FY25). Dividend policy is attractive – Yield 1.92%, payout ratio 47.9%. Sales in Q3 FY26 were ₹1,574 crore (QoQ -11.9%), PAT ₹44 crore (QoQ -51%).
Challenges in the sector
The textile sector has many challenges
- Global demand is weak (in the US and Europe).
- Increase in cotton and energy input costs
- RoDTEP cut + US tariff uncertainty
- In Q3 FY26, Trident’s operating margin fell to 9%.
- Competition from China, Bangladesh, and Vietnam.
Still, Trident’s diversification (textiles + paper) is proving to be beneficial.
What do Dalal Street analysts and brokers say? Trident share target price
Trident has a STRONG BUY rating on Dalal Street. The only major analyst (Simply Wall St, MarketScreener, etc.) has an average 12-month target price of ₹33, +27.56% upside from the current price!
- High target: ₹33–34.65
- JM Financial (previous): ₹38 (BUY)
- Reason: Revenue expected to grow 14% in FY27, EPS ₹1.00. Debt down, dividend steady.
Brokers say:
RoDTEP cut is a short-term negative, but the company’s strong balance sheet and export focus are beneficial in the long run. It’s considered a “buying opportunity”.
Conclusion:
Trident is a stock with strong fundamentals, but sectoral headwinds will cause short-term volatility. Investors should keep an eye on Q4 FY26 results (end of February) and export trends. Current price around ₹25.88 – potential target up to ₹33!
Disclaimer:
(NiftySharePrice.com stock market news is based on publicly available authentic data sources like NSE – BSE and SEBI-authorized brokers & analysts only. Investing in the stock market involves risk. So, do your own research and consult your authorized advisors before investing.)
