Trent Ltd

Trent Ltd

₹ 3,886 -1.72%
23 Feb - 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

Retail Format Stores
Presently, the company operates ~400 stores under various retail concepts:-[1]

  • Market Cap 1,38,135 Cr.
  • Current Price 3,886
  • High / Low 4,100 / 1,272
  • Stock P/E 170
  • Book Value 82.0
  • Dividend Yield 0.06 %
  • ROCE 11.5 %
  • ROE 11.9 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 25.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Stock is trading at 47.4 times its book value
  • Company has a low return on equity of 2.59% over last 3 years.

* 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.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
854 906 492 1,178 1,499 1,329 1,803 1,953 2,303 2,183 2,628 2,982 3,467
682 801 557 968 1,226 1,204 1,512 1,697 1,980 1,980 2,261 2,526 2,838
Operating Profit 171 105 -65 210 273 125 292 256 323 203 367 457 629
OPM % 20% 12% -13% 18% 18% 9% 16% 13% 14% 9% 14% 15% 18%
45 67 41 57 42 44 78 84 91 89 79 105 110
Interest 64 64 71 75 77 81 95 91 91 92 92 95 99
Depreciation 63 68 69 73 80 89 127 112 118 137 141 152 165
Profit before tax 90 40 -164 119 157 -1 147 137 204 64 212 314 475
Tax % 29% 56% 16% 33% 28% -1,530% 22% 42% 24% 30% 21% 27% 22%
64 17 -138 80 114 -21 115 79 155 45 167 228 371
EPS in Rs 2.08 0.82 -3.56 2.60 3.93 0.00 3.67 2.62 4.70 1.52 4.88 6.60 10.53
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,845 2,132 2,333 2,284 1,686 1,812 2,157 2,630 3,486 2,593 4,498 8,242 11,260
1,924 2,128 2,343 2,196 1,596 1,679 1,949 2,390 2,957 2,479 3,903 7,128 9,605
Operating Profit -79 5 -10 88 90 134 208 241 529 114 595 1,114 1,656
OPM % -4% 0% -0% 4% 5% 7% 10% 9% 15% 4% 13% 14% 15%
98 58 91 208 86 81 27 30 147 199 152 341 383
Interest 22 29 26 22 48 46 44 51 263 261 325 409 378
Depreciation 41 45 54 75 39 41 46 52 247 257 311 494 595
Profit before tax -44 -10 1 200 90 128 147 168 165 -205 111 552 1,066
Tax % -7% -262% 1,357% 35% 39% 34% 41% 44% 36% 12% 69% 29%
-46 -27 -19 129 55 85 87 95 106 -181 35 394 810
EPS in Rs -1.39 -0.81 -0.56 3.89 1.66 2.55 2.62 2.92 3.46 -4.11 2.98 12.51 23.53
Dividend Payout % -47% -87% -125% 26% 54% 39% 44% 45% 29% -15% 57% 18%
Compounded Sales Growth
10 Years: 14%
5 Years: 31%
3 Years: 33%
TTM: 52%
Compounded Profit Growth
10 Years: 33%
5 Years: 26%
3 Years: 47%
TTM: 148%
Stock Price CAGR
10 Years: 44%
5 Years: 64%
3 Years: 68%
1 Year: 198%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 3%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 27 33 33 33 33 33 33 33 36 36 36 36 36
Reserves 1,125 1,198 958 1,389 1,431 1,514 1,562 1,613 2,352 2,277 2,328 2,560 2,878
Preference Capital 11 7 0 0 0 0 0 0 0 0 0 0
301 336 332 267 400 392 391 494 300 300 4,725 4,464 4,839
561 642 614 518 292 283 349 418 2,819 3,111 637 1,022 1,186
Total Liabilities 2,014 2,209 1,936 2,207 2,157 2,222 2,336 2,559 5,507 5,724 7,726 8,082 8,939
746 843 720 668 477 549 613 662 2,738 3,054 4,687 4,527 4,986
CWIP 73 106 138 92 55 5 10 87 23 108 105 102 166
Investments 225 317 300 740 1,067 1,080 1,023 883 1,515 1,487 1,284 1,110 1,225
970 943 778 706 558 588 691 927 1,230 1,075 1,651 2,343 2,562
Total Assets 2,014 2,209 1,936 2,207 2,157 2,222 2,336 2,559 5,507 5,724 7,726 8,082 8,939

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-90 31 -46 -10 109 102 77 21 361 285 58 595
-137 -276 -48 -306 -98 -44 -4 -37 -809 18 56 -103
207 147 -50 310 -13 -51 -74 37 452 -283 -108 -491
Net Cash Flow -20 -97 -145 -6 -2 7 -1 21 5 20 6 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 4 4 3 3 3 1 3 2 2 3 1 2
Inventory Days 104 86 90 91 128 126 122 138 118 102 128 105
Days Payable 86 93 83 61 76 70 74 68 58 65 56 51
Cash Conversion Cycle 22 -3 9 33 55 58 51 72 62 40 74 55
Working Capital Days 32 23 22 -14 -25 36 41 37 39 39 50 38
ROCE % -3% -0% 1% 4% 7% 9% 10% 11% 17% 2% 9% 12%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01% 37.01%
29.90% 30.28% 30.13% 28.94% 28.32% 26.82% 25.92% 24.76% 24.43% 25.01% 26.17% 25.91%
10.27% 10.68% 11.15% 12.47% 13.43% 14.58% 15.16% 16.11% 16.10% 15.81% 14.89% 14.82%
22.83% 22.03% 21.71% 21.58% 21.24% 21.59% 21.90% 22.12% 22.45% 22.17% 21.92% 22.26%
No. of Shareholders 84,45088,52892,5161,06,8101,12,4601,24,2981,37,1231,32,7701,36,1681,30,4711,49,0101,75,241

* 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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