Trident Limited’s bank facilities have been reaffirmed by CARE Ratings Limited with a stable outlook. The long-term facilities received a ‘CARE AA; Stable’ rating, while short-term facilities were rated ‘CARE A1+’. These ratings reflect the company’s strong financial performance, experienced management, and diversified operations, despite facing industry headwinds. The reaffirmation underscores Trident’s robust market position and comfortable capital structure.
Trident Limited’s Credit Ratings Reaffirmed by CARE Ratings
Trident Limited has received a reaffirmation of its credit ratings for its bank facilities from CARE Ratings Limited (‘CARE Ratings’). The announcement, dated September 08, 2026, highlights the company’s continued financial stability and positive outlook.
Key Rating Highlights
The long-term facilities, including a Term Loan of ₹196.81 crore and other fund-based facilities totaling ₹1,536.94 crore, have been reaffirmed with a ‘CARE AA; Stable’ rating. Additionally, the short-term facilities, such as non-fund-based bank guarantees and letters of credit amounting to ₹12.50 crore, have been reaffirmed with a ‘CARE A1+’ rating. These ratings signify a strong capacity to meet financial obligations.
Rationale Behind Ratings
CARE Ratings cited Trident’s experienced management, diversified and integrated operations across the textile value chain, and its presence in paper and chemicals segments as key strengths. The company’s established customer relationships with reputed global brands, resilient performance in FY26, comfortable capital structure, and strong liquidity were also noted as positive factors. The stable outlook reflects CARE Ratings’ expectation that Trident will maintain its market position and comfortable financial risk profile in the medium term.
Financial Performance and Outlook
Despite industry headwinds, Trident demonstrated resilience, with operating profitability remaining largely stable in FY26. The company’s total operating income moderated slightly, primarily due to lower export sales and subdued demand in the bed linen segment. Looking ahead, CARE Ratings expects Trident’s total operating income to grow at an average rate of over 8%, with a PBILDT margin maintained at around 14-15% in the medium term, supported by expected export growth and improved capacity utilization.
Source: BSE
