Trent Ltd

₹ 2,894 -1.10%

21 Jul 4:01 p.m.

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]

Website BSE NSE

Market Cap ₹ 1,54,299 Cr.
Current Price ₹ 2,894
High / Low ₹ 3,783 / 2,184
Stock P/E 89.4
Book Value ₹ 131
Dividend Yield 0.14 %
ROCE 28.3 %
ROE 27.7 %
Face Value ₹ 1.00

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Pros

Company has delivered good profit growth of 68.7% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 28.6%
Company's median sales growth is 27.2% of last 10 years

Cons

Stock is trading at 22.1 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.

Peer comparison

Consumer Discretionary Consumer Services Retailing Speciality Retail

Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty 500 BSE Dollex 30 Nifty 100 BSE Dollex 100 Nifty India Consumption Nifty 200 Nifty 100 Liquid 15 Nifty 100 Equal Weight BSE Consumer Discretionary BSE SENSEX 50 BSE 100 ESG Index (INR) BSE 250 LargeMidCap Index BSE Dividend Stability Index Nifty 50 Equal Weight BSE 100 LargeCap TMC Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty100 ESG Nifty Total Market Nifty50 Shariah Nifty500 Shariah Nifty Tata Group 25% Cap Nifty100 Enhanced ESG BSE Select Business Groups BSE 200 Equal Weight BSE Sensex Sixty 65:35 BSE Sensex Sixty BSE Premium Consumption BSE Sensex Equal Weight Nifty Non-Cyclical Consumer Nifty India New Age Consumption Nifty India Select 5 Corporate Groups Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE India 150 BSE India Sector Leaders BSE 1000 Nifty Conglomerate 50 Nifty India FPI 150

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	2,183	2,628	2,982	3,467	3,298	4,104	4,157	4,657	4,217	4,883	4,818	5,345	5,028
	1,980	2,261	2,526	2,838	2,828	3,491	3,511	3,809	3,566	4,036	4,002	4,264	4,117
Operating Profit	203	367	457	629	470	613	646	847	651	848	816	1,081	911
OPM %	9%	14%	15%	18%	14%	15%	16%	18%	15%	17%	17%	20%	18%
	89	79	105	110	695	101	51	80	74	50	28	5	28
Interest	92	92	95	99	33	32	33	37	38	40	42	43	44
Depreciation	137	141	152	165	213	181	197	245	272	293	325	367	377
Profit before tax	64	212	314	475	919	501	467	646	416	565	477	676	519
Tax %	30%	21%	27%	22%	23%	22%	28%	23%	25%	25%	22%	25%	20%
	45	167	228	371	712	391	335	497	312	425	373	510	413
EPS in Rs	1.01	3.25	4.40	7.02	13.21	7.36	6.35	9.33	5.97	8.06	7.07	9.62	7.51
Raw PDF

Upcoming result date: 6 August 2026

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,284	1,686	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375	17,135	20,074
	2,196	1,596	1,679	1,949	2,390	2,957	2,479	3,903	7,128	10,404	14,315	16,329
Operating Profit	88	90	134	208	241	529	114	595	1,114	1,971	2,820	3,745
OPM %	4%	5%	7%	10%	9%	15%	4%	13%	14%	16%	16%	19%
	208	86	81	27	30	147	199	152	341	989	305	85
Interest	22	48	46	44	51	263	261	325	409	368	200	233
Depreciation	75	39	41	46	52	247	257	311	494	671	895	1,361
Profit before tax	200	90	128	147	168	165	-205	111	552	1,921	2,030	2,236
Tax %	35%	39%	34%	41%	44%	36%	-12%	69%	29%	23%	24%	23%
	129	55	85	87	95	106	-181	35	394	1,477	1,534	1,721
EPS in Rs	2.60	1.11	1.70	1.74	1.95	2.30	-2.74	1.98	8.34	27.88	29.01	32.25
Dividend Payout %	26%	54%	39%	44%	45%	29%	-15%	57%	18%	8%	11%	8%

Compounded Sales Growth
10 Years:	28%
5 Years:	51%
3 Years:	35%
TTM:	17%

Compounded Profit Growth
10 Years:	43%
5 Years:	69%
3 Years:	71%
TTM:	19%

Stock Price CAGR
10 Years:	38%
5 Years:	37%
3 Years:	37%
1 Year:	-18%

Return on Equity
10 Years:	17%
5 Years:	24%
3 Years:	29%
Last Year:	28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	1,389	1,431	1,514	1,562	1,613	2,352	2,277	2,328	2,560	4,032	5,426	6,949
	267	400	392	391	494	300	2,964	4,725	4,464	1,753	2,237	2,561
	518	292	283	349	418	2,819	447	637	1,022	1,341	1,721	2,183
Total Liabilities	2,207	2,157	2,222	2,336	2,559	5,507	5,724	7,726	8,082	7,162	9,420	11,729
	668	477	549	613	662	2,738	3,054	4,687	4,527	2,450	3,895	5,519
CWIP	92	55	5	10	87	23	108	105	102	224	180	254
Investments	740	1,067	1,080	1,023	883	1,515	1,487	1,284	1,110	1,416	1,480	1,385
	706	558	588	691	927	1,230	1,075	1,651	2,343	3,072	3,865	4,571
Total Assets	2,207	2,157	2,222	2,336	2,559	5,507	5,724	7,726	8,082	7,162	9,420	11,729

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10	109	102	77	21	361	285	58	595	1,349	1,661	2,668
	-306	-98	-44	-4	-37	-809	18	56	-103	-508	-923	-1,577
	310	-13	-51	-74	37	452	-283	-108	-491	-629	-694	-1,148
Net Cash Flow	-6	-2	7	-1	21	5	20	6	1	211	44	-57
Free Cash Flow	-166	-21	34	-30	-174	247	194	-152	371	955	799	931
CFO/OP	4%	144%	105%	61%	41%	84%	251%	23%	71%	84%	76%	86%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	3	3	1	3	2	2	3	1	2	2	1	1
Inventory Days	91	128	126	122	138	118	102	128	105	83	77	74
Days Payable	61	76	70	74	68	58	65	56	51	41	35	39
Cash Conversion Cycle	33	55	58	51	72	62	40	74	55	45	43	36
Working Capital Days	-15	-25	36	41	24	39	-14	42	29	16	15	-2
ROCE %	4%	7%	9%	10%	11%	17%	1%	7%	12%	24%	31%	28%

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

Mar 2026

Westside store count
stores ・Standalone data

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Star (Trent Hypermarket) store count
stores

Total store count (Trent standalone, Lifestyle Fashion)
stores ・Standalone data

Zudio store count
stores ・Standalone data

Total city presence
cities ・Standalone data

Emerging categories - Beauty units sold
million units ・Standalone data

Total retail area (fashion concepts, incl. Westside and Zudio)
million sq ft ・Standalone data

Fashion portfolio Like-for-Like (LFL) growth
% YoY ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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%
	26.17%	25.91%	26.81%	27.87%	26.62%	21.68%	19.65%	18.39%	16.81%	15.62%	15.59%	15.14%
	14.89%	14.82%	13.89%	13.18%	13.39%	15.25%	17.20%	18.42%	19.84%	21.37%	22.19%	23.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.04%	0.12%	0.13%	0.13%	0.17%	0.19%
	21.92%	22.26%	22.29%	21.95%	22.98%	26.01%	26.08%	26.06%	26.18%	25.87%	25.03%	24.57%
No. of Shareholders	1,49,010	1,75,241	2,15,715	2,46,571	2,81,635	3,46,036	4,05,274	4,21,038	4,88,273	5,07,525	5,12,623	5,20,340

	Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	32.61%	32.61%	32.61%	32.61%	37.01%	37.01%	37.01%	37.01%	37.01%	37.01%	37.01%	37.01%
	0.00%	26.74%	24.25%	22.19%	21.18%	29.90%	28.32%	24.43%	26.81%	19.65%	15.59%	15.14%
	42.44%	12.02%	14.70%	16.90%	15.59%	10.27%	13.43%	16.10%	13.89%	17.20%	22.19%	23.07%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.17%	0.19%
	24.95%	28.63%	28.43%	28.29%	26.22%	22.83%	21.24%	22.45%	22.29%	26.08%	25.03%	24.57%
No. of Shareholders	33,504	39,921	45,237	45,507	66,124	84,450	1,12,460	1,36,168	2,15,715	4,05,274	5,12,623	5,20,340

* 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.

Click on the line-items to see the names of individual entities.

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