Trent Ltd

Trent Ltd

₹ 4,297 1.08%
24 Apr - close price
About

Trent Ltd is engaged in retailing of apparels, footwear, accessories, toys, games, food, grocery & non food products through various of its retail formats/ concepts.[1]

Key Points

Part of Tata Group
The company is a part of the Tata Group with ~37% of group shareholding, 32.5% with Tata Sons Private Ltd & 4.3% with Tata Investment Corporation Ltd. [1] Tata Group comprises 100 operating companies in 7 business sectors. The group operates in over 80 countries across 6 continents. [2]

  • Market Cap 1,52,857 Cr.
  • Current Price 4,297
  • High / Low 6,261 / 3,276
  • Stock P/E 76.9
  • Book Value 217
  • Dividend Yield 0.12 %
  • ROCE 29.5 %
  • ROE 29.2 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 114% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
  • Company's median sales growth is 24.0% of last 10 years

Cons

  • Stock is trading at 19.8 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
2,077 2,536 2,891 3,312 3,187 3,992 4,036 4,535 4,106 4,781 4,724 5,259 4,937
1,865 2,171 2,430 2,689 2,710 3,381 3,392 3,692 3,450 3,944 3,911 4,186 4,018
Operating Profit 212 366 461 623 477 611 643 843 656 838 813 1,073 919
OPM % 10% 14% 16% 19% 15% 15% 16% 19% 16% 18% 17% 20% 19%
129 50 151 77 617 45 136 51 97 41 119 128 61
Interest 88 89 92 96 32 31 32 36 37 40 41 42 42
Depreciation 128 133 145 158 203 176 192 239 263 284 315 354 362
Profit before tax 125 193 375 447 859 450 555 618 453 555 576 804 576
Tax % 16% 23% 23% 23% 24% 24% 24% 24% 23% 24% 22% 20% 21%
105 148 290 344 654 342 423 469 350 423 451 640 455
EPS in Rs 2.96 4.17 8.15 9.67 18.41 9.62 11.91 13.20 9.84 11.89 12.68 18.00 12.79
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,358 1,583 1,717 2,066 2,532 3,178 2,048 3,881 7,715 11,927 16,668 19,701
1,289 1,476 1,577 1,836 2,271 2,601 1,834 3,230 6,560 9,954 13,856 16,058
Operating Profit 69 107 139 230 260 577 214 651 1,155 1,973 2,812 3,643
OPM % 5% 7% 8% 11% 10% 18% 10% 17% 15% 17% 17% 18%
127 84 78 26 25 154 197 265 412 894 329 349
Interest 17 47 45 43 50 254 247 310 393 355 195 165
Depreciation 40 35 38 42 46 231 236 283 463 639 870 1,316
Profit before tax 139 109 135 172 189 246 -72 323 711 1,873 2,077 2,512
Tax % 28% 21% 21% 32% 33% 37% -29% 23% 22% 23% 24% 22%
100 87 107 117 127 155 -51 250 555 1,436 1,585 1,968
EPS in Rs 3.01 2.60 3.22 3.51 3.84 4.35 -1.44 7.02 15.60 40.39 44.58 55.36
Dividend Payout % 33% 35% 31% 33% 34% 23% -42% 24% 14% 8% 11% 11%
Compounded Sales Growth
10 Years: 29%
5 Years: 57%
3 Years: 37%
TTM: 18%
Compounded Profit Growth
10 Years: 37%
5 Years: 114%
3 Years: 65%
TTM: 41%
Stock Price CAGR
10 Years: 38%
5 Years: 41%
3 Years: 46%
1 Year: -19%
Return on Equity
10 Years: 18%
5 Years: 23%
3 Years: 27%
Last Year: 29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 33 33 33 33 33 36 36 36 36 36 36 36
Reserves 1,339 1,400 1,508 1,584 1,664 2,463 2,480 2,684 3,044 4,412 5,879 7,667
225 396 392 391 494 300 2,858 4,581 4,319 1,738 2,206 2,508
365 254 255 306 370 2,596 333 511 923 1,273 1,579 2,015
Total Liabilities 1,962 2,083 2,188 2,314 2,561 5,395 5,707 7,812 8,321 7,458 9,699 12,226
388 416 490 578 627 2,618 2,923 4,508 4,366 2,400 3,661 5,132
CWIP 46 54 5 10 85 23 34 45 42 161 118 193
Investments 1,037 1,086 1,113 1,052 941 1,607 1,729 1,724 1,648 1,902 2,136 2,307
491 528 579 675 907 1,147 1,021 1,535 2,265 2,994 3,785 4,594
Total Assets 1,962 2,083 2,188 2,314 2,561 5,395 5,707 7,812 8,321 7,458 9,699 12,226

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
26 108 64 103 28 369 324 149 663 1,348 1,668 2,630
4 -89 -11 -30 -46 -757 -39 -6 -143 -499 -857 -1,563
-34 -21 -47 -74 38 382 -262 -136 -515 -642 -773 -1,126
Net Cash Flow -4 -2 6 -1 21 -7 23 7 5 207 38 -60
Free Cash Flow -86 -30 -5 -27 -158 264 244 -49 448 966 851 1,143
CFO/OP 31% 119% 69% 66% 41% 78% 152% 35% 74% 83% 77% 87%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 1 0 1 2 2 2 4 2 1 2 1 1
Inventory Days 134 137 135 129 145 133 140 158 116 87 80 76
Days Payable 76 76 71 74 68 58 78 60 56 42 37 41
Cash Conversion Cycle 58 62 65 57 79 77 66 99 62 48 45 36
Working Capital Days -24 -30 -24 -8 25 45 -7 50 31 17 15 9
ROCE % 4% 9% 8% 12% 12% 19% 4% 10% 13% 22% 29% 29%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Westside Stores
Number

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Westside Like-for-Like (LFL) Sales Growth
Percentage
Number of Zudio Stores
Number
Sales per Sq. Ft. (Fashion & Lifestyle)
INR
Total Retail Area
Million Sq. Ft.
WestStyleClub Members
Million

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01%
25.01% 26.17% 25.91% 26.81% 27.87% 26.62% 21.68% 19.65% 18.39% 16.81% 15.62% 15.59%
15.81% 14.89% 14.82% 13.89% 13.18% 13.39% 15.25% 17.20% 18.42% 19.84% 21.37% 22.19%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 0.12% 0.13% 0.13% 0.17%
22.17% 21.92% 22.26% 22.29% 21.95% 22.98% 26.01% 26.08% 26.06% 26.18% 25.87% 25.03%
No. of Shareholders 1,30,4711,49,0101,75,2412,15,7152,46,5712,81,6353,46,0364,05,2744,21,0384,88,2735,07,5255,12,623

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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