Trent Ltd
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]
- Market Cap ₹ 1,44,342 Cr.
- Current Price ₹ 4,060
- High / Low ₹ 6,881 / 3,930
- Stock P/E 85.3
- Book Value ₹ 186
- Dividend Yield 0.12 %
- ROCE 28.6 %
- ROE 27.2 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 58.0% CAGR over last 5 years
- Company's median sales growth is 22.5% of last 10 years
- Company's working capital requirements have reduced from 20.7 days to 14.8 days
Cons
- Stock is trading at 21.8 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.
Peer comparison
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE Sensex Nifty 50 BSE 500 BSE 100 BSE 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,242 | 1,358 | 1,583 | 1,717 | 2,066 | 2,532 | 3,178 | 2,048 | 3,881 | 7,715 | 11,927 | 16,668 | 18,146 | |
| 1,247 | 1,289 | 1,476 | 1,577 | 1,836 | 2,271 | 2,601 | 1,834 | 3,230 | 6,560 | 9,954 | 13,856 | 15,001 | |
| Operating Profit | -5 | 69 | 107 | 139 | 230 | 260 | 577 | 214 | 651 | 1,155 | 1,973 | 2,812 | 3,145 |
| OPM % | -0% | 5% | 7% | 8% | 11% | 10% | 18% | 10% | 17% | 15% | 17% | 17% | 17% |
| 115 | 127 | 84 | 78 | 26 | 25 | 154 | 197 | 265 | 412 | 894 | 329 | 313 | |
| Interest | 15 | 17 | 47 | 45 | 43 | 50 | 254 | 247 | 310 | 393 | 355 | 195 | 154 |
| Depreciation | 26 | 40 | 35 | 38 | 42 | 46 | 231 | 236 | 283 | 463 | 639 | 870 | 1,102 |
| Profit before tax | 68 | 139 | 109 | 135 | 172 | 189 | 246 | -72 | 323 | 711 | 1,873 | 2,077 | 2,203 |
| Tax % | 21% | 28% | 21% | 21% | 32% | 33% | 37% | -29% | 23% | 22% | 23% | 24% | |
| 54 | 100 | 87 | 107 | 117 | 127 | 155 | -51 | 250 | 555 | 1,436 | 1,585 | 1,693 | |
| EPS in Rs | 1.63 | 3.01 | 2.60 | 3.22 | 3.51 | 3.84 | 4.35 | -1.44 | 7.02 | 15.60 | 40.39 | 44.58 | 47.61 |
| Dividend Payout % | 43% | 33% | 35% | 31% | 33% | 34% | 23% | -42% | 24% | 14% | 8% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 39% |
| 3 Years: | 63% |
| TTM: | 25% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 58% |
| 3 Years: | 78% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 37% |
| 5 Years: | 42% |
| 3 Years: | 48% |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 17% |
| 3 Years: | 23% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 33 | 33 | 33 | 33 | 33 | 33 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 1,283 | 1,339 | 1,400 | 1,508 | 1,584 | 1,664 | 2,463 | 2,480 | 2,684 | 3,044 | 4,412 | 5,879 | 6,580 |
| 225 | 225 | 396 | 392 | 391 | 494 | 300 | 2,858 | 4,581 | 4,319 | 1,738 | 2,206 | 2,320 | |
| 361 | 365 | 254 | 255 | 306 | 370 | 2,596 | 333 | 511 | 923 | 1,273 | 1,579 | 2,158 | |
| Total Liabilities | 1,902 | 1,962 | 2,083 | 2,188 | 2,314 | 2,561 | 5,395 | 5,707 | 7,812 | 8,321 | 7,458 | 9,699 | 11,093 |
| 343 | 388 | 416 | 490 | 578 | 627 | 2,618 | 2,923 | 4,508 | 4,366 | 2,400 | 3,661 | 4,269 | |
| CWIP | 36 | 46 | 54 | 5 | 10 | 85 | 23 | 34 | 45 | 42 | 161 | 118 | 133 |
| Investments | 862 | 1,037 | 1,086 | 1,113 | 1,052 | 941 | 1,607 | 1,729 | 1,724 | 1,648 | 1,902 | 2,136 | 2,232 |
| 661 | 491 | 528 | 579 | 675 | 907 | 1,147 | 1,021 | 1,535 | 2,265 | 2,994 | 3,785 | 4,459 | |
| Total Assets | 1,902 | 1,962 | 2,083 | 2,188 | 2,314 | 2,561 | 5,395 | 5,707 | 7,812 | 8,321 | 7,458 | 9,699 | 11,093 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8 | 26 | 108 | 64 | 103 | 28 | 369 | 324 | 149 | 663 | 1,348 | 1,668 | |
| -57 | 4 | -89 | -11 | -30 | -46 | -757 | -39 | -6 | -143 | -499 | -857 | |
| -45 | -34 | -21 | -47 | -74 | 38 | 382 | -262 | -136 | -515 | -642 | -773 | |
| Net Cash Flow | -110 | -4 | -2 | 6 | -1 | 21 | -7 | 23 | 7 | 5 | 207 | 38 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 0 | 1 | 2 | 2 | 2 | 4 | 2 | 1 | 2 | 1 |
| Inventory Days | 147 | 134 | 137 | 135 | 129 | 145 | 133 | 140 | 158 | 116 | 87 | 80 |
| Days Payable | 91 | 76 | 76 | 71 | 74 | 68 | 58 | 78 | 60 | 56 | 42 | 37 |
| Cash Conversion Cycle | 57 | 58 | 62 | 65 | 57 | 79 | 77 | 66 | 99 | 62 | 48 | 45 |
| Working Capital Days | 68 | -24 | -30 | -24 | -8 | 25 | 45 | -7 | 50 | 31 | 17 | 15 |
| ROCE % | 3% | 4% | 9% | 8% | 12% | 12% | 19% | 4% | 10% | 13% | 22% | 29% |
Documents
Announcements
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Update For Q3FY26 And 9MFY26
2d - Q3 revenue Rs5,220cr (+17%); 9M Rs14,604cr (+18%); 278 Westside, 854 Zudio as of 31-Dec-2025.
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Reminder Letter To Shareholders To Dematerialise The Shares
2d - Reminder to shareholders to dematerialise physical shares; registrar contact; SEBI rules; dated 5 January 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Certificate under Regulation 74(5) of the Securities Exchange Board of India (Depositories and Participants)Regulations, 2018 for the quarter ended 31st December 2025
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Clarification On Volume Movement In The Company''s Shares
2d - 5 Jan 2026: Trent clarifies unusual trading volume; states all material information disclosed, no undisclosed events.
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Clarification sought from Trent Ltd
2d - Exchange has sought clarification from Trent Ltd on January 5, 2026, with reference to Movement in Volume.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025TranscriptAI SummaryPPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Apr 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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]