Trent Ltd
Trent Ltd
Retail F&OKey Fundamentals
LargecapSpeciality RetailRetailInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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34 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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 22.8 times its book value
Growth Rate
AI Analysis — Bull vs Bear
Trent Ltd, with a market cap of ₹1,63,292 Cr, has delivered exceptional profit growth of 69% CAGR over 5 years and sales growth of 51% CAGR over the same period, but trades at a PE of 96.2x and 23.7x book value. The stock has corrected 12% over the last 1 year after a 40% CAGR run over 3 years.
- Compounded profit growth of 69% CAGR over 5 years demonstrates strong operating leverage and scalability in the retail model
- Sales CAGR of 51% over 5 years and 35% over 3 years indicates sustained top-line momentum well above industry averages
- 3-year ROE of 29% and last year ROE of 28% reflect efficient capital deployment and high-quality earnings
- 10-year stock CAGR of 38% shows long-term compounding ability and consistent value creation for shareholders
- Median sales growth of 27.2% over 10 years indicates structural demand tailwinds rather than cyclical spikes
- TTM sales growth of 17% suggests continued revenue expansion even on a much larger base compared to prior years
- TTM profit growth of 19% shows the company continues to grow earnings in the current fiscal period
- 10-year profit CAGR of 43% demonstrates a long runway of compounding that predates recent retail boom cycles
- PE ratio of 96.2x is extremely elevated, leaving little room for execution missteps or earnings misses
- Price-to-book of 23.7x implies the market is pricing in years of flawless growth, creating significant downside risk if growth decelerates
- Stock has declined 12% over the past 1 year, indicating possible re-rating as growth rates moderate from peak levels
- TTM sales growth has decelerated to 17% from a 5-year CAGR of 51%, signaling base effect challenges and potential growth plateau
- TTM profit growth has slowed to 19% from a 5-year CAGR of 69%, suggesting margin expansion may be nearing its limits
- Dividend yield of just 0.13% offers negligible income cushion for investors during any price correction
- 5-year ROE of 24% vs 3-year ROE of 29% shows improvement is relatively recent and sustainability remains unproven over a full cycle
- At 96x earnings, even a modest derating to 60x PE would imply a 37% decline in stock price without any earnings deterioration
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1 profit up 25.8% YoY Aug 6
Standalone net profit rose 25.8% YoY to ₹531.77 crore in Q1FY27, with revenue from operations growing to ₹5,666.30 crore.
- Analyst meet scheduled Aug 12 Aug 7
Trent has scheduled a group meeting with analysts and institutional investors for August 12, 2026. No unpublished price-sensitive information will be shared.
- ₹30.91 crore block trade on NSE Aug 6
Approximately 1,00,584 shares traded in a block deal at ₹3,073.00 per share, totalling ₹30.91 crore, indicating large institutional activity.
- Board meeting for Q1 results Jul 15
Trent announced its board would convene on August 6 to consider Q1 financial results, keeping investors informed ahead of the announcement.
TL;DR: Trent delivered a strong Q1FY27 with 25.8% profit growth, signalling continued retail momentum. No material headwinds emerged in recent news flow. Institutional interest remains visible via block trades and the upcoming analyst meet. The trend is positive, with growth execution being the key factor to watch going forward.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| 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 |
| 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 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Ratios
| 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% |
Documents
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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]