Nifty Share Price News, Friday, 20 March 2026: Today at 10:17 AM (NSE data), Trident Ltd. (NSE: TRIDENT) was trading at ₹23.80 per share, showing a rise of +0.51%. The opening was ₹23.71, the day’s high was ₹24.68, and the low was ₹23.55. The previous day’s closing was ₹23.68. The traded volume was 4.38 million shares, valued at ₹10.48 crore. On the BSE, the price was also at a similar level (around ₹23.65 the previous day).
The market capitalization is around ₹12,133 crore. The 52-week high was ₹34.62 (21 May 2025) and the low was ₹21.98 (17 March 2026). The company is included in the small-cap segment (NIFTY SMALLCAP 100) and has a P/E ratio of 29.86.
The company’s debt situation and the returns given to investors:
Trident Ltd.’s debt situation is very strong and low. As per the consolidated figures for March 2025, the debt-to-equity ratio is between 0.13 and 0.35 (up to 0.34 according to various sources). Net debt is around ₹980 crore (September 2025), which is very low compared to the market cap. The company has kept the debt low for a long time, which reduces financial risk.
The returns given to investors have recently been under pressure:
1-year return: -8.64%
YTD (up to 2026): -11.41%
3-year return: -17.35%
Challenges in the textile sector (energy costs, export demand) and a 5-6% drop in sales in Q3 FY26 kept short-term returns negative. Still, the company pays regular dividends (dividend yield around 1.52%).
Target price from top brokerage firms:
Many top brokerages and analysts have given Trident a BUY rating. The 12-month average target price is ₹33.00 (some up to ₹33.66). This shows a 38-40% upside from the current prices.
- Highest Target: ₹34.65
- Lowest Target: ₹33
Analysts believe that if global home textile demand improves and the chemical business remains stable, the company’s earnings will increase.
Other news related to Trident Ltd (up to 20 March 2026):
19 March 2026:
BSE had asked for clarification on the volume increase. The company replied the very same day (in response to the securities department’s inquiry). On 18 March, the stock had gone up by 7.47%.
Q3 FY26 results (February 2026):
Standalone net sales ₹1,565.80 crore (5.82% YoY decline). Consolidated ₹1,574.46 crore (5.56% YoY decline). Profit also under pressure.
February 2026:
Textile stocks (including Trident) rose up to 6% due to Trump’s tariff setback.
The company gave an investor presentation in February and issued an AGM notice.
Conclusion:
Trident Ltd is currently trading around ₹23-24 and looks attractive for long-term investment due to low debt and a strong balance sheet. The top brokerages’ ₹33 target gives a positive signal, but short-term volatility may persist due to the cyclical nature of the textile sector. Do your own research and consult an advisor before investing. Check the updated price after the market closes.
