Dolly Khanna latest buy Trident multibagger portfolio
Posted: Thu Jan 12, 2017 11:02 pm
Dolly Khanna has purchased 52.49 lakh shares in Trident, the towel and paper maker for her portfolio. Trident is one of the key beneficiaries of the Welspun India fiasco. Target cut ties with Welspun, accusing Welspun of selling cheaper products as premium Egyptian cotton.
Trident has commissioned capacities for manufacturing of terry towel and bed linen which are expected to lead to improved product mix in favour of the high margin home textiles. Trident is slated for a re-rating on change in sales mix towards higher margin businesses of terry towels and bed linen, and also due to its presence across textiles manufacturing. The revenue growth trajectory is expected to continue going forward as Trident launched bed linen in FY16 which is expected to be the next growth trigger.
Valuations are reasonable because the stock is currently trading at 4.6 times its estimated earnings for FY19.
The debt-equity ratio was very high at 3.6 in financial year 2013. It has been substantially reduced in the first half of FY17 on account of sustained improvement in the working capital management. The net debt-to-equity ratio of the company improved to 1.4 as on September 30, 2016 from 1.9 in FY16.
Dolly Khanna is reported to have shares in Jubilant Industries, Insecticides, Omkar Speciality , TCI Express and Talbros Auto, among others. How much allocation is there in portfolio is not known.
Trident has commissioned capacities for manufacturing of terry towel and bed linen which are expected to lead to improved product mix in favour of the high margin home textiles. Trident is slated for a re-rating on change in sales mix towards higher margin businesses of terry towels and bed linen, and also due to its presence across textiles manufacturing. The revenue growth trajectory is expected to continue going forward as Trident launched bed linen in FY16 which is expected to be the next growth trigger.
Valuations are reasonable because the stock is currently trading at 4.6 times its estimated earnings for FY19.
The debt-equity ratio was very high at 3.6 in financial year 2013. It has been substantially reduced in the first half of FY17 on account of sustained improvement in the working capital management. The net debt-to-equity ratio of the company improved to 1.4 as on September 30, 2016 from 1.9 in FY16.
Dolly Khanna is reported to have shares in Jubilant Industries, Insecticides, Omkar Speciality , TCI Express and Talbros Auto, among others. How much allocation is there in portfolio is not known.