# Trident (TRIDENT) — Stock analysis > Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/trident ## Current market snapshot - Exchange: NSE - Country: India - Price: ₹23.95 - Change: +0.38% - As of: 2026-11-06 - 1D return: +0.38% - 5D return: +13.13% - 1M return: +9.71% - Latest complete quarter: fy27_q2 ## Faxioms Analysis _As of 2026-11-06_ ### Technical Outlook TRIDENT exhibits a sharp, high-participation daily rally that contrasts with its longer-term downtrend. As of 2026-11-06, the stock closed at ₹23.95, up +0.4% for the day but +16.9% over the past 10 days. Daily momentum is developing (ADX 22.98) with price trading above the 20-day and 50-day EMAs and SMAs, while remaining below the 200-day SMA. The Supertrend is bullish on the daily chart but bearish on weekly and monthly timeframes, indicating a potential short-term bounce within a broader structural decline. Participation was extreme on 2026-11-03, with volume 76.56 times the average and a +7.1% price move, followed by another wide-range day on 2026-11-02. However, an anomaly on 2026-11-06 showed extreme volume (13.82x ratio) but minimal price direction (+0.4%), suggesting indecision or distribution near resistance. The stock is positioned in the upper 75.4% of its 20-day range, facing immediate resistance at the pivot level of ₹23.97 (0.07% away) and the recent high of ₹24.29 (1.43% away). Support lies nearby at ₹23.51–₹23.53. With annualized volatility at +32.8% and a current drawdown of -29.7%, risk remains elevated. A sustained close above ₹24.29 would be required to confirm a reversal of the weekly bearish structure; failure to break this level may result in a pullback toward support. - Trend Conflict: Daily indicators are bullish (price above 20/50 EMA/SMA, Supertrend bullish), but weekly and monthly structures remain bearish (price below key MAs and Supertrend). - Momentum & Participation: Extreme volume surge on 2026-11-03 (+7.1% return, 76.56x volume) drove the recent +16.9% 10-day gain, but 2026-11-06 showed high volume with no clear direction, signaling potential exhaustion. - Key Levels: Immediate resistance at ₹23.97 (pivot) and ₹24.29 (high); support at ₹23.51–₹23.53. Stock is in the top 75.4% of its 20-day range. - Risk Profile: High volatility (+32.8% annualized) and significant drawdown (-29.7% current, -39.9% maximum) persist despite the recent rally. - Inside Bar - Bearish Engulfing Reversal ### News Context Trident Ltd reported a sharp improvement in profitability for Q2 FY27, with consolidated net profit surging 93.1% year-on-year to ₹175.5 crore. This growth was driven by a 46.5% increase in EBITDA and an expansion of EBITDA margins to 18%, despite a 3.8% decline in overall revenue. The market reacted positively, with shares rallying approximately 13.4% on November 3, 2026. Concurrently, the board granted in-principle approval for a ₹4,650 crore capacity expansion and modernisation programme. This multi-business initiative covers yarn, sheeting, paper, and renewable energy segments, with project completion scheduled between December 2027 and September 2029. Key components include establishing a new 1,99,680-spindle yarn facility in Dhar, Madhya Pradesh, adding nearly 1 lakh spindles, increasing loom and paper output, and setting up a 60 MW hybrid renewable energy project. The expansion will be funded through internal accruals and debt. - {'date': '2026-11-03', 'detail': 'Consolidated net profit rose 93.1% YoY to ₹175.5 crore, supported by EBITDA margin expansion to 18% and a 46.5% rise in EBITDA, offsetting a 3.8% revenue decline.', 'headline': 'Q2 FY27 Profit Surge'} - {'date': '2026-11-03', 'detail': 'Shares rallied 13–13.42% following the earnings announcement and capex disclosure.', 'headline': 'Market Reaction'} - {'date': '2026-11-02/03', 'detail': 'Board approved a capacity expansion and modernisation plan covering yarn, sheeting, paper, and renewable energy, including a new 1,99,680-spindle facility in Dhar and a 60 MW hybrid renewable project.', 'headline': '₹4,650 Crore Expansion Approved'} - {'date': '2026-11-02', 'detail': 'The expansion is financed via internal accruals and debt, with projects slated for completion between December 2027 and September 2029.', 'headline': 'Funding and Timeline'} - [Trident shares rally 13% after Q2-profit surges 93%, company announces Rs 4,650 crore capex plan; check target price](https://www.moneycontrol.com/news/business/markets/trident-shares-rally-13-after-q2-profit-surges-93-company-announces-rs-4-650-crore-capex-plan-check-target-price-14067537.html) - [Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex](https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms) - [Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead](https://www.livemint.com/market/stock-market-news/trident-shares-jump-13-after-q2-results-profit-jumps-93-board-clears-rs-4-650-crore-expansion-plan-what-lies-ahead-11793682049671.html) - [Trident jumps 13% as Q2 profit nearly doubles, ₹4,650 crore expansion plan approved](https://www.cnbctv18.com/market/trident-share-price-q2-result-reaction-capex-plans-4650-crore-yarn-madhya-pradesh-dhar-spindles-20025598.htm) - [Trident approves ₹4,650 crore expansion plan with new yarn plant and capacity addition](https://www.cnbctv18.com/market/stocks/trident-share-price-approves-rs-4650-crore-expansion-plan-with-new-yarn-plant-and-capacity-addition-20025129.htm) ### Official Filings Trident Limited’s Board approved a significant INR 4,650 crore capacity expansion and modernization programme on November 2, 2026, to be financed through internal accruals and debt. The project includes adding nearly 1 lakh spindles at its Budhni facility, establishing a new 199,680-spindle yarn plant in Dhar (with land acquired for ~INR 106.09 crore), expanding sheeting by 336 looms, increasing paper capacity by 28 TPD, and setting up a 60 MW hybrid renewable energy project. Completion is expected between January 31, 2027, and September 30, 2029. Concurrently, the company reported Q2FY27 consolidated total income of INR 1,737 crore and net profit of INR 176 crore for the quarter ended September 30, 2026. An independent ESG rating of 65.88 was assigned by Niche Ninety Nine Capability and Certifications (OPC) Private Limited without Trident's engagement. Additionally, the company filed a revised Related Party Transaction report to correct inadvertent errors from an earlier submission. - Board-approved INR 4,650 crore expansion covering yarn, sheeting, paper, and renewable energy; financing via internal accruals and debt with completion by September 30, 2029. - Q2FY27 consolidated results: Total income of INR 1,737 crore, EBITDA margin of 19.37%, and net profit of INR 176 crore. - Independent ESG rating of 65.88 assigned by Niche Ninety Nine without company engagement. - Revised Related Party Transaction filing submitted to correct prior inadvertent disclosure errors. - [Trident Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026174310_Newspaper_Intimation.pdf) - [Trident Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026193208_IP_Intimation_filing.pdf) - [Trident Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Trident Limited announces Q2FY27 Results ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026195206_Intimation_PR_Filing.pdf) - [Trident Limited has informed the Exchange about Capacity Expansion and Modernization Project |SUBJECT: Capacity addition](https://nsearchives.nseindia.com/corporate/TRIDENT_02112026174551_Filing_Capacity.pdf) - [TRIDENT LIMITED has informed the Exchange about Capacity addition (Sub-para 3-Para B) |SUBJECT: Capacity addition (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1962_WebXMLFile_20261102_193643033.xml) - [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751534_02112026093620_WEB.xml) - [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751535_02112026093717_WEB.xml) - [Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Ratings |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/TRIDENT_01112026171805_Intimation_STX.pdf) - [Integrated Filing- Financials|Revision|There were inadvertent errors in the earlier filing w.r.t. disclosure of few Related Party Transactions. Hence, we are filing the revised Related Party Transaction Report.](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748186_28102026074814_WEB.xml) - [Financial Results |Meeting Date: 02-Nov-2026](https://nsearchives.nseindia.com/corporate/TRIDENT_26102026172704_Intimation.pdf) ### Fundamentals Trident’s Q2 FY2026-27 (Sep 2026) results show a divergence between top-line contraction and bottom-line expansion. Revenue from operations fell sequentially to ₹1,719 crore from ₹1,587 crore in expenses, yet operating profit rose to ₹227 crore and net profit increased to ₹176 crore. This improvement is driven by expense control rather than volume growth, as evidenced by the sequential drop in total expenses. On a year-on-year basis, sales declined 4% in Sep 2026, but EPS more than doubled to ₹0.34 from ₹0.18 in Sep 2025. Earnings quality remains robust, with cash conversion (CFO/EBITDA) holding at 104% for Mar 2026, indicating strong operating cash generation relative to profits. The balance sheet shows deleveraging, with borrowings decreasing to ₹1,433 crore as of Sep 2026 from ₹1,829 crore in Mar 2026. However, inventory days remain elevated at 128 days, and inventories grew to ₹1,078 crore, suggesting potential working capital pressure despite improved debtor days (13 days). Promoter holding is stable at 73.68%, while institutional stakes are minimal. - Q2 FY2026-27 Net Profit rose to ₹176 crore (up from ₹158 crore in Q1) and ₹0.34 EPS, despite revenue falling 4% YoY to ₹1,719 crore. - Operating margins expanded due to expense reduction; total expenses dropped sequentially to ₹1,510 crore from ₹1,587 crore. - Borrowings decreased to ₹1,433 crore as of Sep 2026, and Cash Conversion Ratio stood at 104% for FY2026, reflecting high earnings quality. - Inventories increased to ₹1,078 crore with Inventory Days at 128, posing a monitoring risk against the backdrop of declining sales. ### Bull Case Trident’s Q2 FY27 results highlight a significant improvement in profitability, with net profit surging 93.1% year-on-year to ₹175.5 crore. This growth was driven by a 46.5% rise in EBITDA and an expansion of EBITDA margins to 18%, even as revenue declined by 3.8%. The market reacted positively, with shares rallying 13.4% on the news. Concurrently, the board approved a ₹4,650 crore capacity expansion and modernisation programme, including a new yarn facility in Madhya Pradesh and additions across yarn, sheeting, paper, and renewable energy segments. These projects are scheduled for completion between December 2027 and September 2029 and will be funded through internal accruals and debt. While the stock has underperformed over longer horizons (down 14.6% over one year) and faces resistance near ₹24, the sharp margin expansion and substantial capital allocation signal a strategic shift toward higher operational efficiency and future capacity. - Q2 FY27 net profit jumped 93.1% YoY to ₹175.5 crore, supported by an EBITDA margin expansion to 18% despite a 3.8% revenue decline. - Board approved a ₹4,650 crore expansion plan covering yarn, sheeting, paper, and renewable energy, with new facilities in Madhya Pradesh and Budhni. - Share price rallied 13.4% following the results announcement, reflecting investor response to improved profitability and future growth plans. - Expansion projects are targeted for completion between December 2027 and September 2029, financed via internal accruals and debt. - [Trident shares rally 13% after Q2-profit surges 93%, company announces Rs 4,650 crore capex plan; check target price](https://www.moneycontrol.com/news/business/markets/trident-shares-rally-13-after-q2-profit-surges-93-company-announces-rs-4-650-crore-capex-plan-check-target-price-14067537.html) - [Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex](https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms) - [Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead](https://www.livemint.com/market/stock-market-news/trident-shares-jump-13-after-q2-results-profit-jumps-93-board-clears-rs-4-650-crore-expansion-plan-what-lies-ahead-11793682049671.html) - [Trident jumps 13% as Q2 profit nearly doubles, ₹4,650 crore expansion plan approved](https://www.cnbctv18.com/market/trident-share-price-q2-result-reaction-capex-plans-4650-crore-yarn-madhya-pradesh-dhar-spindles-20025598.htm) - [Trident approves ₹4,650 crore expansion plan with new yarn plant and capacity addition](https://www.cnbctv18.com/market/stocks/trident-share-price-approves-rs-4650-crore-expansion-plan-with-new-yarn-plant-and-capacity-addition-20025129.htm) - [Trident Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026174310_Newspaper_Intimation.pdf) - [Trident Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026193208_IP_Intimation_filing.pdf) - [Trident Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Trident Limited announces Q2FY27 Results ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026195206_Intimation_PR_Filing.pdf) - [Trident Limited has informed the Exchange about Capacity Expansion and Modernization Project |SUBJECT: Capacity addition](https://nsearchives.nseindia.com/corporate/TRIDENT_02112026174551_Filing_Capacity.pdf) - [TRIDENT LIMITED has informed the Exchange about Capacity addition (Sub-para 3-Para B) |SUBJECT: Capacity addition (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1962_WebXMLFile_20261102_193643033.xml) ### Bear Case Trident's recent operational expansion and profit surge are offset by significant technical deterioration and a challenging longer-term price trajectory. While the stock rallied 13% following Q2 FY27 results, the monthly trend remains bearish, with the Supertrend indicator signaling downside pressure as of November 6, 2026. The stock is trading at ₹23.95, well below its recent high of ₹24.73, and faces immediate resistance at the pivot level of ₹23.97. Over the past year, the share has declined 14.6%, contributing to a current drawdown of 29.7% from its peak, with a maximum historical drawdown reaching -39.9%. This volatility, evidenced by an annualized volatility of 32.8%, suggests that despite near-term positive news flow, the broader market structure has not yet confirmed a sustained recovery. - Monthly trend remains bearish with Supertrend direction negative as of 2026-11-06, contrasting with short-term daily bullish signals. - Stock is down 14.6% over the last year and currently in a 29.7% drawdown, indicating persistent medium-term weakness. - Immediate resistance exists at ₹23.97 (pivot), just 0.07% above the closing price of ₹23.95, limiting upside momentum. - High volatility persists with annualized volatility at 32.8% and a maximum drawdown of -39.9%, reflecting elevated risk. - [Trident shares rally 13% after Q2-profit surges 93%, company announces Rs 4,650 crore capex plan; check target price](https://www.moneycontrol.com/news/business/markets/trident-shares-rally-13-after-q2-profit-surges-93-company-announces-rs-4-650-crore-capex-plan-check-target-price-14067537.html) - [Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex](https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms) - [Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead](https://www.livemint.com/market/stock-market-news/trident-shares-jump-13-after-q2-results-profit-jumps-93-board-clears-rs-4-650-crore-expansion-plan-what-lies-ahead-11793682049671.html) - [Trident jumps 13% as Q2 profit nearly doubles, ₹4,650 crore expansion plan approved](https://www.cnbctv18.com/market/trident-share-price-q2-result-reaction-capex-plans-4650-crore-yarn-madhya-pradesh-dhar-spindles-20025598.htm) - [Trident approves ₹4,650 crore expansion plan with new yarn plant and capacity addition](https://www.cnbctv18.com/market/stocks/trident-share-price-approves-rs-4650-crore-expansion-plan-with-new-yarn-plant-and-capacity-addition-20025129.htm) - [Trident Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026174310_Newspaper_Intimation.pdf) - [Trident Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026193208_IP_Intimation_filing.pdf) - [Trident Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Trident Limited announces Q2FY27 Results ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026195206_Intimation_PR_Filing.pdf) - [Trident Limited has informed the Exchange about Capacity Expansion and Modernization Project |SUBJECT: Capacity addition](https://nsearchives.nseindia.com/corporate/TRIDENT_02112026174551_Filing_Capacity.pdf) - [TRIDENT LIMITED has informed the Exchange about Capacity addition (Sub-para 3-Para B) |SUBJECT: Capacity addition (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1962_WebXMLFile_20261102_193643033.xml) ### FAQs **How did Trident's financial performance change in Q2 FY27 compared to the previous year?** For the quarter ended September 30, 2026, Trident reported a 93.1% year-on-year increase in consolidated net profit to ₹175.5 crore. Total income was ₹1,737 crore, while EBITDA rose 46.5% to ₹337 crore with an improved margin of 19.37%. This growth occurred despite a 3.8% decline in overall revenue. **What does the approved ₹4,650 crore expansion plan involve and when will it be completed?** The board approved capacity additions including a new 1,99,680-spindle yarn facility in Dhar, Madhya Pradesh, adding nearly 1 lakh spindles at Budhni, expanding sheeting by 336 looms, and increasing paper output by 28 TPD. A 60 MW hybrid renewable energy project is also included. Projects are financed via internal accruals and debt, with completion expected between December 2027 and September 2029. **How has the stock price reacted to these developments as of November 6, 2026?** Shares rallied approximately 13% following the results announcement. On November 6, 2026, the stock closed at ₹23.95 on the NSE. While the daily trend shows bullish momentum with strong short-term returns (+16.9% over 10 days), the stock remains in a significant long-term drawdown (-29.7% current) and faces resistance near ₹24.00. - [Trident shares rally 13% after Q2-profit surges 93%, company announces Rs 4,650 crore capex plan; check target price](https://www.moneycontrol.com/news/business/markets/trident-shares-rally-13-after-q2-profit-surges-93-company-announces-rs-4-650-crore-capex-plan-check-target-price-14067537.html) - [Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex](https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms) - [Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead](https://www.livemint.com/market/stock-market-news/trident-shares-jump-13-after-q2-results-profit-jumps-93-board-clears-rs-4-650-crore-expansion-plan-what-lies-ahead-11793682049671.html) - [Trident jumps 13% as Q2 profit nearly doubles, ₹4,650 crore expansion plan approved](https://www.cnbctv18.com/market/trident-share-price-q2-result-reaction-capex-plans-4650-crore-yarn-madhya-pradesh-dhar-spindles-20025598.htm) - [Trident approves ₹4,650 crore expansion plan with new yarn plant and capacity addition](https://www.cnbctv18.com/market/stocks/trident-share-price-approves-rs-4650-crore-expansion-plan-with-new-yarn-plant-and-capacity-addition-20025129.htm) - [Trident Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026174310_Newspaper_Intimation.pdf) - [Trident Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026193208_IP_Intimation_filing.pdf) - [Trident Limited has informed the Exchange regarding a press release dated November 03, 2026, titled "Trident Limited announces Q2FY27 Results ". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026195206_Intimation_PR_Filing.pdf) - [Trident Limited has informed the Exchange about Capacity Expansion and Modernization Project |SUBJECT: Capacity addition](https://nsearchives.nseindia.com/corporate/TRIDENT_02112026174551_Filing_Capacity.pdf) - [TRIDENT LIMITED has informed the Exchange about Capacity addition (Sub-para 3-Para B) |SUBJECT: Capacity addition (Sub-para 3-Para B)](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1962_WebXMLFile_20261102_193643033.xml) ## Technical analytics - As of: 2026-11-06 - Daily trend: Weak Uptrend - Weekly trend: Weak Uptrend - Pivot point: ₹23.97 - Risk regime: Price Risk Requires Attention ### Support levels - 23.51 - 22.891875 - 22.31 ### Resistance levels - 26.4234375 - 28.4975 - 29.111093750000002 ### Return and range metrics | Metric | Value | | --- | --- | | return_1 | +0.38% | | return_10 | +16.89% | | return_1m | +6.16% | | return_1y | -14.65% | | return_20 | +9.71% | | return_3m | -3.82% | | return_5 | +13.13% | | return_6m | -9.52% | | return_since_start | -29.27% | | return_ytd | -10.73% | ### Risk and volatility metrics | Metric | Value | | --- | --- | | state | elevated_risk | | label | Price risk requires attention | | summary | Recent drawdown or price variability is high enough to warrant closer monitoring. | | maximum_drawdown | -39.89% | | annualized_volatility | +32.76% | ## Quarterly financials - Latest complete quarter: fy27_q2 # Trident Limited FY2026-27 Q2: Profit rises as revenue falls Trident Limited’s consolidated revenue from operations declined 3.8% year on year and quarter on quarter to ₹1,719 crore in Q2 FY2026-27. Profit before tax rose 85.5% year on year to ₹227 crore, while profit for the period increased 93.1% to ₹176 crore. ## Revenue and expenses Revenue from operations was ₹1,719 crore, down from ₹1,787 crore in both Q1 FY2026-27 and Q2 FY2025-26. Total expenses fell to ₹1,510 crore from ₹1,587 crore in Q1 FY2026-27 and ₹1,681 crore in Q2 FY2025-26. Cost of materials consumed was ₹936 crore. ## Profitability Profit before tax was ₹227 crore, up from ₹216 crore in Q1 FY2026-27 and ₹123 crore in Q2 FY2025-26. Profit for the period increased to ₹176 crore from ₹158 crore sequentially and ₹91 crore a year earlier. Profit from continuing operations was ₹170 crore, compared with ₹158 crore in Q1 FY2026-27 and ₹90 crore in Q2 FY2025-26. Tax expense was ₹57 crore, versus ₹58 crore in the preceding quarter and ₹33 crore in Q2 FY2025-26. ## Segment performance Segment revenue was ₹1,719 crore, down 3.8% both quarter on quarter and year on year. Segment profit before tax rose 7.5% sequentially to ₹232 crore from ₹216 crore and was up from ₹123 crore in Q2 FY2025-26. ## Balance sheet At 30 September 2026, total assets were ₹7,335 crore, compared with ₹7,537 crore at 31 March 2026. Equity increased to ₹4,873 crore from ₹4,771 crore. Current and non-current borrowings totalled ₹1,368 crore, down from ₹1,768 crore at the prior fiscal year-end. Inventories were ₹1,078 crore, versus ₹1,205 crore, and cash and cash equivalents stood at ₹28 crore. ## Key Takeaway Revenue declined in both comparisons, while profit before tax and profit for the period rose substantially year on year. Borrowings were also lower at 30 September 2026 than at the previous fiscal year-end, marking a stronger reported profit result alongside reduced debt. ### Ratios ## Shareholding pattern - Quarter: FY2026-Q2 - As of: 2025-09-30 - Promoter holding: +73.68% - FII holding: +3.05% - DII holding: +0.15% - Mutual fund holding: +0.12% - Retail holding: +18.88% - Promoter pledged: +0.00% ### Major reported shareholders - TRIDENT GROUP LIMITED — +45.75% (Bodies Corporate) - MADHURAJ FOUNDATION — +27.63% (Trusts) - INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY — +1.87% - LOTUS GLOBAL FOUNDATION — +0.30% (Trusts) ## Official filings - 2026-11-03 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026174310_Newspaper_Intimation.pdf) - 2026-11-03 — Earnings Presentation: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026193208_IP_Intimation_filing.pdf) - 2026-11-03 — Press Release: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_03112026195206_Intimation_PR_Filing.pdf) - 2026-11-02 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_02112026174551_Filing_Capacity.pdf) - 2026-11-02 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_1962_WebXMLFile_20261102_193643033.xml) - 2026-11-02 — Financial Results Filing: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751534_02112026093620_WEB.xml) - 2026-11-02 — Financial Results Filing: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1751535_02112026093717_WEB.xml) - 2026-11-01 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_01112026171805_Intimation_STX.pdf) - 2026-10-28 — Financial Results Filing: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1748186_28102026074814_WEB.xml) - 2026-10-26 — Board Meeting Notice: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_26102026172704_Intimation.pdf) - 2026-10-26 — Board Meeting Notice: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1962_WebXMLFile_20261026_181846056.xml) - 2026-10-26 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1962_WebXMLFile_20261026_181846056.xml) - 2026-10-19 — Shareholding Disclosure: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1741983_19102026072501_WEB.xml) - 2026-10-16 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_16102026161204_Intimation_STX_filing.pdf) - 2026-10-14 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_14102026154741_Intimation_STX.pdf) - 2026-10-14 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1962_WebXMLFile_20261014_161712496.xml) - 2026-10-06 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_06102026134820_Intimation_Filing.pdf) - 2026-10-05 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_05102026142720_Intimation_STX_Reg_74_5__Disclosure.pdf) - 2026-09-30 — Generic Announcement: Trident Techlabs Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENTTECHLABS_30092026173127_Proceedings_of_AGM_TRIDENT.pdf) - 2026-09-28 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_28092026162721_Intimation_Stx.pdf) - 2026-09-28 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_28092026202853_Intimation_Letter_STX.pdf) - 2026-09-28 — Management Change: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_28092026202421_Intimation_Letter_STX.pdf) - 2026-09-28 — Management Change: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENT_ROID_99216_KMP_Doc.zip) - 2026-09-28 — Generic Announcement: Trident Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1962_WebXMLFile_20260928_205053143.xml) - 2026-09-27 — Generic Announcement: Trident Techlabs Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TRIDENTTECHLABS_27092026181500_TRADING_WINDOW_NOTICE_TRIDENT.pdf) ## News and market events - 2026-11-03 — MONEYCONTROL: **Trident shares rally 13% after Q2-profit surges 93%, company announces Rs 4,650 crore capex plan; check target price** — Trident shares rallied 13% following the company's announcement that its Q2 profit surged by 93%. The firm also unveiled a capital expenditure plan worth Rs 4,650 crore. — [Source](https://www.moneycontrol.com/news/business/markets/trident-shares-rally-13-after-q2-profit-surges-93-company-announces-rs-4-650-crore-capex-plan-check-target-price-14067537.html) - 2026-11-03 — Economic Times: **Trident shares rally 13% after Q2 net profit jumps 93% to Rs 175 crore; firm plans Rs 4,650 crore capex** — Trident Ltd shares rallied up to 13% following the reporting of a 93.1% year-on-year rise in Q2 FY27 net profit to Rs 175.50 crore, supported by an improvement in EBITDA margin to 18%. The company also disclosed plans for a Rs 4,650 crore capacity expansion and modernisation programme, including adding nearly 1 lakh spindles and establishing a new yarn manufacturing facility in Madhya Pradesh. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/trident-shares-rally-13-after-q2-net-profit-jumps-93-to-rs-175-crore-firm-plans-rs-4650-crore-capex/articleshow/135483244.cms) - 2026-11-03 — Mint: **Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead** — Trident shares rose 13.42% after the company reported a 93.1% year-on-year increase in Q2 FY27 profit to ₹175.5 crore, driven by a 46.5% rise in EBITDA despite a 3.8% decline in revenue. The board granted in-principle approval for a ₹4,650 crore expansion and modernisation programme, which includes adding spindles and looms across its yarn and sheeting segments, as well as establishing a new facility in Madhya Pradesh. — [Source](https://www.livemint.com/market/stock-market-news/trident-shares-jump-13-after-q2-results-profit-jumps-93-board-clears-rs-4-650-crore-expansion-plan-what-lies-ahead-11793682049671.html) - 2026-11-03 — CNBC-TV18: **Trident jumps 13% as Q2 profit nearly doubles, ₹4,650 crore expansion plan approved** — Trident shares surged 13.4% after the company reported a 93% year-on-year increase in Q2FY27 consolidated profit to ₹175.5 crore, driven by improved EBITDA margins and strong performance in its yarn segment despite a decline in overall revenue. Concurrently, Trident's board approved a ₹4,650 crore capacity expansion and modernization plan, primarily funding new yarn facilities in Madhya Pradesh and Budhni through internal accruals and debt. — [Source](https://www.cnbctv18.com/market/trident-share-price-q2-result-reaction-capex-plans-4650-crore-yarn-madhya-pradesh-dhar-spindles-20025598.htm) - 2026-11-02 — CNBC-TV18: **Trident approves ₹4,650 crore expansion plan with new yarn plant and capacity addition** — Trident Ltd has approved a ₹4,650 crore expansion and modernisation plan covering yarn, sheeting, paper, and renewable energy businesses, with projects scheduled for completion between December 2027 and September 2029. The initiative includes establishing a new 1,99,680-spindle yarn facility in Dhar, adding capacity at Budhni, increasing loom and paper output, and setting up a 60 MW hybrid renewable energy project. Financed through internal accruals and debt, the company states the expansion aims to strengthen its market position and operational capabilities. — [Source](https://www.cnbctv18.com/market/stocks/trident-share-price-approves-rs-4650-crore-expansion-plan-with-new-yarn-plant-and-capacity-addition-20025129.htm) - 2026-09-17 — MONEYCONTROL: **Abakkus’ playbook in focus: Seven years without an IT large cap holding and other exceptions** — Abakkus — [Source](https://www.moneycontrol.com/news/business/markets/abakkus-playbook-in-focus-seven-years-without-an-it-large-cap-holding-and-other-exceptions-14031890.html) - 2026-08-14 — CNBC-TV18: **Zaggle Q1 profit falls 33% despite 28% revenue growth as acquisition costs weigh on margins** — Zaggle's revenue rose to ₹423 crore, but costs related to the Dice and Zagg.Money acquisitions weighed on profitability, with EBITDA margin falling to 7.3%. — [Source](https://www.cnbctv18.com/market/earnings/zaggle-q1-profit-falls-33-despite-28-revenue-growth-as-acquisition-costs-weigh-on-margins-19969773.htm) - 2026-08-07 — CNBC-TV18: **Sensex Today | Stock Market Live Updates: Nifty may fall to 24,500 at opening; LIC in focus** — Sensex Today | Stock Market Live Updates: The index holding on to 24,500 levels on the downside is something that the bulls will be pleased with as analysts believe it is forming a base for a move, first towards 24,800, and eventually to record levels. Crude oil prices though, have staged a minor rebound overnight with brent returning to above $80 a barrel. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-cas-tata-hero-pgel-lic-sci-sbi-ncc-premier-crompton-midcaps-share-price-liveblog-19963799.htm) - 2026-08-06 — CNBC-TV18: **EIH Q1 profit zooms over 3.5 times to ₹117 crore on higher revenue; margins contract** — Shares of EIH Ltd ended at ₹326.00, down by ₹1.00, or 0.31%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/eih-share-price-q1-profit-zooms-over-3-5-times-to-rs-117-crore-on-higher-revenue-margins-contract-19963631.htm) ## Business profile **Strategic vision:** Indian conglomerate manufacturing textiles, paper, chemicals, and energy. ### Business segments - **Home Textiles:** This segment encompasses the manufacturing of terry towels and bed linen, offered under various brands. - **Yarn:** Trident manufactures a range of cotton, compact, and blended yarns supplied to various segments of the textile industry. - **Paper:** The company produces various types of paper. - **Chemicals:** Trident is involved in the manufacturing of chemicals. - **Energy:** The group has operations in the energy sector. ### Competitive strengths - Vertically integrated manufacturing capabilities - Diversified business segments - Global distribution network ## Related stocks - [SWAN CORP LIMITED (Textiles)](https://faxioms.com/stocks/swancorp) — -3.03% - [Vardhman Textiles Limited (Textiles)](https://faxioms.com/stocks/vtl) — -4.66% - [K.P.R. Mill Limited (Textiles)](https://faxioms.com/stocks/kprmill) — +0.06% - [Page Industries Limited (Textiles)](https://faxioms.com/stocks/pageind) — +1.15% - [Welspun Living Limited (Textiles)](https://faxioms.com/stocks/welspunliv) — -4.63% ## Freshness and sources - Data as of: 2026-11-06 - Source: Faxioms public stock analysis API Canonical: https://faxioms.com/stocks/trident Markdown representation: https://faxioms.com/stocks/trident?render=md