Trident Share Price Target 2027: Is Rs 24.3 Realistic? Bull Case Points to Rs 29.7

Investors weighing a Trident target price for 2027 should start with where the stock sits today. At Rs 23.70 on 11 November 2026, it is 23.4% below its 52-week high of Rs 30.94 and 17.6% above its 52-week low of Rs 20.15. That range spans 54% from low to high, so the entry point matters as much as the Trident price forecast itself.

This article builds the Trident share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

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Trident Stock Analysis: Company Overview and Key Stats

Trident (NSE: TRIDENT) has a market capitalisation of Rs 12,011 crore. In FY26 it reported revenue of Rs 6,775 crore and net profit of Rs 377.11 crore. The table collects the figures the Trident share price target is built on.

Metric	Value
Company	Trident
NSE Ticker	TRIDENT
CMP (11 November 2026)	Rs 23.70
52-Week High	Rs 30.94
52-Week Low	Rs 20.15
Market Cap	Rs 12,011 crore
PE Ratio (TTM)	25.07
Industry PE	29.16
Price to Book	2.87
Return on Equity	9.85%
Debt to Equity	0.29
EPS (TTM)	Rs 0.94
Dividend Yield	2.12%
12-Month Base Target	Rs 24.3
Bull Case	Rs 29.7
Downside Risk Level (not a target)	Rs 18.9

Why Is Trident Share Price Target Set at Rs 24.3 for 2027?

The arithmetic is short. Trailing EPS of Rs 0.94 grown for one year gives a forward EPS estimate of Rs 0.97, and multiplying it by the unchanged PE of 25.07 gives the Rs 24.3 base-case Trident stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Trident Target Price: Five Years of Results

Trident grew revenue from Rs 7,020 crore in FY22 to Rs 6,775 crore in FY26, a compound annual growth rate of -0.9%. Net profit grew more slowly, from Rs 833.75 crore to Rs 377.11 crore (-18.0% a year), which points to margin pressure alongside the sales growth.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	7,020.23	833.75	1.67	0.36
FY23	6,356.62	441.61	0.88	0.36
FY24	6,866.59	349.99	0.69	0.36
FY25	7,062.54	370.73	0.73	0.36
FY26	6,775.16	377.11	0.74	0.50

FY26 revenue growth was -4.1%, slower than the four-year average of -0.9%, and net profit moved up 1.7%. EPS rose from Rs 0.69 in FY24 to Rs 0.74 in FY26. The FY27 outlook for the Trident price target depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Trident converted 5.6% of FY26 revenue into net profit, against 5.2% in FY25, within a five-year range of 5.1% to 11.9%. EBITDA margin was 14.0% in FY26 versus 13.7% in FY25.

In the September 2026 quarter, revenue was Rs 1,737 crore, down 3.7% from the same quarter a year earlier, while net profit of Rs 175.58 crore was up 93.1%. EBITDA came in at Rs 331.38 crore, up 43.9% year on year. The next quarterly result is the first test of whether the earnings assumption behind the Trident stock target holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.29, and shareholders' equity grew from Rs 3,845 crore in FY22 to Rs 4,771 crore in FY26. Operating cash flow in FY26 was Rs 760.18 crore against capital expenditure of Rs 315.82 crore, leaving free cash flow of Rs 444.36 crore, or 3.7% of the current market capitalisation. In FY25 free cash flow was Rs 715.36 crore.

Valuation Check for the Trident Stock Target: PE, Price to Book and ROE

At a PE of 25.07 against an industry PE of 29.16, Trident trades at a discount to its industry. Price to book is 2.87 on a book value of Rs 8.21 per share, and return on equity is 9.85%. A PE of 25.07 equals an earnings yield of 4.0%, and the FY26 dividend of Rs 0.50 per share gives a yield of 2.12%.

Shareholding Pattern and Institutional Holding

Promoters held 73.68% of Trident in September 2026, and promoter holding has stayed near 73.68% since September 2025. Foreign institutional investors (FII) held 3.23% and domestic institutions (DII) held 0.27%, which puts total institutional holding at 3.50%. FII holding rose from 3.06% in September 2025 to 3.23% in September 2026. Public shareholders own the remaining 22.82%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Trident Share Price Targets for the Short Term and 12 Months

Short Term Trident Stock Target Levels: Technical Setup

At Rs 23.70 on 11 November 2026, Trident trades above its 50-day simple moving average of Rs 22.77 and below its 200-day exponential moving average of Rs 24.63. The 14-day RSI reads 74.5, which is overbought territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 24.63 (200-day exponential moving average) and the nearest support is Rs 22.77 (50-day simple moving average). A sustained move above Rs 24.63 would improve the short-term setup, while a close below Rs 22.77 would shift attention to the next support.

12 Month Trident Target Price for 2027

The 12-month target of Rs 24.3 means a move of 2.5% up from Rs 23.70 over the next 12 months. It would still leave the stock 21.5% below its 52-week high of Rs 30.94. The upside in the base case is thin, so the thesis here leans on the bull case and on patience. Anyone checking the Trident share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the Trident Target Price

EPS Growth	PE 20.06	PE 25.07	PE 28.83
0.0% (EPS Rs 0.94)	Rs 18.9	Rs 23.6	Rs 27.1
3.6% (EPS Rs 0.97)	Rs 19.5	Rs 24.3	Rs 28.0
9.6% (EPS Rs 1.03)	Rs 20.7	Rs 25.8	Rs 29.7

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Trident price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Trident Stock Target in 2027

Bull Case Rs 29.7

The bull case Trident price target needs EPS growth of 9.6%, which lifts forward EPS to Rs 1.03, and a PE multiple that rises 15% to 28.83. That gives Rs 29.7, 25.3% above the current price and below the 52-week high of Rs 30.94.

Downside Risk Level Rs 18.9

The downside risk level is not a target. It assumes EPS stays flat at Rs 0.94 and the PE falls 20% to 20.06. That gives Rs 18.9, 20.3% below the current price and below the 52-week low of Rs 20.15.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	9.6%	28.83	Rs 29.7	+25.3%
Base Case	3.6%	25.07	Rs 24.3	+2.5%
Downside Risk	0.0%	20.06	Rs 18.9	-20.3%

Key Risks to the Trident Target Price for 2027

Growth Slowdown Risk for the Trident Price Target

Revenue in the September 2026 quarter was down 3.7% year on year, and FY26 revenue growth was -4.1%. A fall in sales would make the EPS growth behind the Trident stock target harder to reach.

Liquidity and Size Risk

Trident has a market capitalisation of Rs 12,011 crore. Institutional holding is 3.50%, and promoters hold 73.68%. Stocks of this size are usually liquid, though exits can take longer than entries when the market is falling.

Valuation and Margin Risk

Net margin was 5.6% in FY26, so a small slip in costs moves profit noticeably. At a PE of 25.07 versus an industry PE of 29.16, a de-rating toward the downside-risk PE of 20.06 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 74.5 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in Trident

Start with the live price and volume. Any Trident share price target is only as current as the data behind it, and the data here is as of 11 November 2026, so refresh the Rs 23.70 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Trident's PE, ROE, debt and shareholding in one place.

Check Trident fundamentals on the Univest Screener

Then compare the three Trident target price scenarios with your own view. If you expect EPS growth below 3.6%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Trident live price and get daily stock recommendations.

Conclusion

The Trident share price target for 2027 is Rs 24.3 in the base case, with Rs 29.7 as the bull case. The support for that view is arithmetic you can check: EPS grew 3.6% a year over FY24 to FY26, and the stock trades at a PE of 25.07. The risks are equally concrete, including a net margin of just 5.6% that leaves profit sensitive to costs and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework for judging the Trident price target, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Trident Share Price Target 2027

What is the Trident share price target for 2027?

Ans. The base-case Trident share price target for 2027 is Rs 24.3, which is 2.5% above the price of Rs 23.70 on 11 November 2026. The bull case is Rs 29.7 and the downside risk level, which is not a target, is Rs 18.9. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the Trident share price today?

Ans. As of 11 November 2026, 9:53 AM IST, Trident (NSE: TRIDENT) trades at Rs 23.70, up 0.55% on the day. That is 23.4% below the 52-week high of Rs 30.94 and 17.6% above the 52-week low of Rs 20.15. The market capitalisation of Rs 12,011 crore places it among mid-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is Trident a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 3.6% a year over FY24 to FY26 and the base case implies 2.5% upside; on the cautious side, the net margin is a thin 5.6%, and the downside risk level of Rs 18.9 is 20% below the current price. Whether Trident fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for Trident shares?

Ans. The bull case in the Trident share price target for 2027 is Rs 29.7, which assumes 9.6% EPS growth and a PE of 28.83, a 15% re-rating from today's multiple. That is 25.3% above the current price and below the 52-week high of Rs 30.94. The downside risk level is Rs 18.9, which assumes flat EPS and a PE of 20.06, 20% lower than today. It sits 20.3% below the current price and below the 52-week low of Rs 20.15, and it marks a risk to watch, not a target.

What are the main risks to the Trident price target?

Ans. Four risks matter most for the Trident share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 12,011 crore, the stock is usually liquid, though exits can take longer than entries in a falling market. A fall to the downside-risk PE of 20.06 would cut the price even if earnings hold.

What is the PE ratio of Trident and how does it compare with the industry?

Ans. The PE ratio of Trident is 25.07, against an industry PE of 29.16, which is a discount to the industry. Price to book is 2.87 and return on equity is 9.85%, and the PE equals an earnings yield of 4.0%. The base case holds the PE unchanged, so the Trident share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns Trident, and what is the promoter holding?

Ans. Promoters held 73.68% of Trident in September 2026. FII held 3.23%, DII held 0.27% and the public held 22.82%. Together the two institutional groups hold 3.50%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were Trident's latest quarterly results?

Ans. In the September 2026 quarter, Trident reported revenue of Rs 1,737 crore (down 3.7% year on year) and net profit of Rs 175.58 crore (up 93.1%). For comparison, FY26 full-year revenue growth was -4.1% and net profit moved up 1.7%. Each new quarter either supports or weakens the EPS growth of 3.6% assumed in the base case.