Trident Limited has informed the Exchange about Credit Rating
TRIDENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed Trident Limited's credit ratings: CRISIL AA/Stable for long-term bank loan facilities of Rs. 4,000 crore and CRISIL A1+ for short-term facilities and Rs. 150 crore commercial paper. The reaffirmation reflects the company's diversified revenue profile, leading position in home textiles and yarn, strong operating efficiency from integrated operations, and a comfortable financial risk profile with gearing of 0.4x in FY25. Trident reduced its debt from Rs. 2,061 crore in FY24 to Rs. 1,571 crore in FY25, supported by cash and equivalents of Rs. 681 crore and unutilised bank limits of Rs. 1,700 crore. Key risks include 50% US tariffs impacting the home textile segment (which contributes 65-70% of revenue from the US), cotton price volatility, and forex exposure.
This is a neutral-to-positive development for shareholders. The rating reaffirmation at AA/Stable signals continued strong creditworthiness and financial discipline, while the ongoing US tariff uncertainty remains a key risk to monitor for the home textile business.