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Trident completes expansion, aims to increase capacity utilsiation

Trident is best known for its towels, bed linen yarn and paper. In yarn about 32-35 percent is for exports and about 35 per cent is captive and another 30-35 percent in for the domestic market. When it comes to home textiles, that is, towels and bed linen, 90 per cent is exported and 10 per cent goes to the domestic market.

The company has completed its expansion plans recently. Right now yarn is operating at around 92 per cent capacity utilization and paper is operating at around 91 per cent capacity utilization. Towels are operating at a 49 per cent utilisation and bed linen is around 29 per cent utilization.

The company needs about five or six large customers to fill up the entire capacity. Since bed linen is a new business, Trident intends to reach an utilisation of 50 to 60 per cent the next year. During the December quarter Trident had a gross debt of Rs 2,900 crores and a net debt of Rs 2,600 crores. About Rs 800 crores is the short-term and about Rs 2,100 crores is the long-term debt. In this nine month period, Trident repaid around Rs 445 crores, out of which around Rs 165 crores is the pre-payment, which is ahead of schedule.

 

 
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