Trent logo

Trent

TRENT NSE

Key Fundamentals

LargecapSpeciality RetailRetail
Market Cap
1.4L Cr
Volatility
Low Risk
P/E Ratio
76.04
EBITDA
₹3,788 Cr
Return on Equity
24.22%
Debt to Equity
0.37
Book Value
₹130.99
EPS
₹35.43
52W High
₹3,399.7
52W Low
₹2,183.68

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • 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

Weaknesses

1
  • Stock is trading at 19.7 times its book value

Growth Rate

Revenue Growth
16.34% lower than 3Y
Net Income Growth
12.18% lower than 3Y
Cash Flow Change
60.61% lower than 3Y
ROE
-11.86% lower than 3Y
ROCE
-3.55% higher than 3Y
EBITDA Margin (Avg.)
9.32% higher than 3Y

AI Analysis — Bull vs Bear

4d ago
AI opinion · based on fundamentals
Risk high

Trent Ltd has a market capitalisation of about ₹1,39,909 crore. Over five years it has grown sales at a 51% CAGR and profit at a 69% CAGR, and its three-year ROE is 29%. Growth has slowed sharply on a trailing basis, with TTM sales up 17% and TTM profit up 15%. The stock trades at 78.3x earnings and 20.35x book value and has returned -14% over the past year.

Bull Case 7
  • Profit growth has been exceptional: 69% CAGR over 5 years, 71% over 3 years and 43% over 10 years. This shows the business has kept scaling earnings over a long period.
  • Revenue growth has been high: sales grew at a 51% CAGR over 5 years and 35% over 3 years. This suggests the store network and formats have expanded strongly.
  • Return on equity has improved steadily, from a 10-year average of 17% to a 5-year average of 24% and a 3-year average of 29%. Last year's ROE was 28%, which points to better capital efficiency as the business grew.
  • Growth has held up over a long period. Median annual sales growth over 10 years is 27.2%, and the 10-year sales CAGR is 28%, so the growth is not driven by just a few unusual years.
  • Profit has grown faster than sales over the long term: 43% vs 28% CAGR over 10 years, and 69% vs 51% over 5 years. This indicates operating leverage and margin gains as the business scaled.
  • Long-term shareholder returns have been strong: 34% CAGR over 10 years and 32% over 5 years. This compounding held up through several market cycles.
  • Even after slowing, TTM sales growth of 17% is still double-digit on a much larger revenue base than five years ago.
Bear Case 7
  • The valuation is high: a P/E of 78.3x and a P/B of 20.35x build in expectations of sustained high growth. That leaves little room if execution falters.
  • Growth has slowed sharply. TTM sales growth of 17% is about half the 3-year CAGR of 35% and a third of the 5-year CAGR of 51%.
  • Profit growth has slowed even more: TTM profit growth of 15% compares with a 3-year CAGR of 71%. At a P/E of 78.3, that implies a PEG ratio of roughly 5.2 on trailing growth.
  • On a trailing basis, profit growth (15%) now lags sales growth (17%). This reverses the long-term pattern of operating leverage and may signal margin pressure from costs or competition.
  • The stock has returned -14% over the past year, against a 3-year CAGR of 24% and a 5-year CAGR of 32%. This suggests the market is re-rating it as growth slows.
  • The dividend yield is just 0.15%, which gives almost no income cushion if the valuation multiple contracts.
  • Key balance-sheet figures (debt-to-equity, ROCE, EPS) are unavailable in this dataset. That limits any assessment of leverage, including lease liabilities typical of retail store expansion.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Positives 1
  • Zudio crosses 1,000 stores Sep 11

    Trent's value-fashion brand Zudio has passed 1,000 stores, which points to a fast store rollout. The retailer also says it has served over 100 million customers as of September 2026.

TL;DR: Trent's growth engine is still running, with Zudio passing 1,000 stores and the retailer reporting more than 100 million customers served. This is the only article provided, so no headwinds or neutral developments are covered, and it says nothing about same-store sales, margins, competition or valuation. Expanding this fast could also bring cannibalization and execution risk. The trend looks positive on scale, and the next quarterly results on like-for-like growth and profitability will show whether the store expansion is turning into earnings.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,628
2,982
3,467
3,298
4,104
4,157
4,657
4,217
4,883
4,818
5,345
5,028
5,755
Expenses
2,261
2,526
2,838
2,828
3,491
3,511
3,809
3,566
4,036
4,002
4,264
4,117
4,636
Operating Profit
367
457
629
470
613
646
847
651
848
816
1,081
911
1,119
OPM %
14%
15%
18%
14%
15%
16%
18%
15%
17%
17%
20%
18%
19%
Other Income
79
105
110
695
101
51
80
74
50
28
5
28
30
Interest
92
95
99
33
32
33
37
38
40
42
43
44
47
Depreciation
141
152
165
213
181
197
245
272
293
325
367
377
410
PBT
212
314
475
919
501
467
646
416
565
477
676
519
692
Tax %
21%
27%
22%
23%
22%
28%
23%
25%
25%
22%
25%
20%
25%
Net Profit
167
228
371
712
391
335
497
312
425
373
510
413
518
EPS in Rs
3.25
4.4
7.02
13.21
7.36
6.35
9.33
5.97
8.06
7.07
9.62
7.51
9.73
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,284
1,686
1,812
2,157
2,630
3,486
2,593
4,498
8,242
12,375
17,135
20,074
20,945
Expenses
2,196
1,596
1,679
1,949
2,390
2,957
2,479
3,903
7,128
10,404
14,315
16,329
17,018
Operating Profit
88
90
134
208
241
529
114
595
1,114
1,971
2,820
3,745
3,928
OPM %
3.8%
5%
7%
10%
9%
15%
4.4%
13%
14%
16%
16%
19%
19%
Other Income
208
86
81
27
30
147
199
152
341
989
305
85
90
Interest
22
48
46
44
51
263
261
325
409
368
200
233
175
Depreciation
75
39
41
46
52
247
257
311
494
671
895
1,361
1,478
PBT
200
90
128
147
168
165
-205
111
552
1,921
2,030
2,236
2,364
Tax %
35%
39%
34%
41%
44%
36%
-12%
69%
29%
23%
24%
23%
—
Net Profit
129
55
85
87
95
106
-181
35
394
1,477
1,534
1,721
1,815
EPS in Rs
2.6
1.11
1.7
1.74
1.95
2.3
-2.74
1.98
8.34
27.88
29.01
32.25
33.93
Div. Payout %
26%
54%
39%
44%
45%
29%
-15%
57%
18%
8%
11%
8%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
267
400
392
391
494
300
2,964
4,725
4,464
1,753
2,237
2,561
Other Liabilities
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
Fixed Assets
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
Other Assets
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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10
109
102
77
21
361
285
58
595
1,349
1,661
2,668
Investing
-306
-98
-44
-4
-37
-809
18
56
-103
-508
-923
-1,577
Financing
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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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64 extracted metrics + investor summaries across FY05–FY27.

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Shareholding Pattern

Govt.0.19%Promot.37.01%DIIs23.08%Others10.14%Public14.44%FIIs15.14%As ofJun 2026

Documents

1
Concall - Apr 2026 Apr 2026
2
Concall - Feb 2026 Feb 2026
3
Concall - Nov 2025 Nov 2025
4
Concall - Aug 2025 Aug 2025
5
Concall - Jun 2025 Jun 2025

Frequently Asked Questions about Trent

What does Trent Ltd do?
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]
Where is Trent Ltd (TRENT) listed?
Trent Ltd trades as TRENT on the NSE and under code 500251 on the BSE.
Which sector does Trent Ltd belong to?
Trent Ltd is classified under the Retail sector, in the Speciality Retail industry.
What is the market capitalisation of Trent Ltd?
Trent Ltd has a market capitalisation of ₹1,38,971 Cr, which places it in the Large Cap band.
What is the PE ratio of Trent Ltd?
Trent Ltd trades at a PE ratio of 76.04, on earnings per share of ₹35.43, against a book value of ₹130.99 per share.
What is the 52-week high and low of Trent Ltd?
Over the last 52 weeks Trent Ltd has traded between ₹2,183.68 and ₹3,399.7.
Does Trent Ltd pay dividends?
Trent Ltd has a dividend yield of 0.15%.
What is the Return on Equity (ROE) of Trent Ltd?
Trent Ltd reported a return on equity of 24.22%. Its debt-to-equity ratio is 0.37.

Company Information

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]

Website trentlimited.com
CEO Mr. Venkatesalu Palaniswamy
Employees 27,887
Listed 2004-06-07
Face Value ₹ 1
Issued Size 35,54,87,461

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