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Trent

TRENT NSE
₹3,060.00 No trade today
P/E
86.05
View as Markdown
MCP
Close 4 Nov 2026 ₹3,060.00 −59.48 −1.91% 1Y
Start ₹3,119.48

Key Fundamentals

LargecapRetailConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
28.30%
Debt to Equity
0.30
EPS (TTM)
₹35.56
Book Value
₹145.71
Market Cap
—
P/E (TTM)
86.05
P/B
21.00
ROE
27.70%
Dividend Yield
0.13%
EBITDA
₹3,788 Cr
52W High
₹3,399.70
52W Low
₹2,183.68
Volume
0

Peer Comparison

Consumer Discretionary › Retailing › Speciality Retail

Trent peer comparison
Trent (this company)
₹3,060.0086.05₹1,62,418 Cr21.000.13%27.70%28.30%₹22,001 Cr₹1,909 Cr
Lenskart Solutions
₹689.70155.69₹1,18,542 Cr13.730.00%6.33%8.08%₹9,634 Cr₹668 Cr
Vedant Fashions
₹496.8031.28₹12,088 Cr6.151.56%18.80%22.80%₹1,456 Cr₹386 Cr
Aditya Birla Lifestyle Brands
₹73.7150.83₹8,845 Cr6.280.68%14.90%15.00%₹8,601 Cr₹176 Cr
Aditya Vision
₹520.2548.35₹6,764 Cr8.750.24%18.70%17.10%₹2,924 Cr₹139 Cr
V2 Retail
₹149.1330.50₹5,972 Cr6.030.00%23.70%19.50%₹3,428 Cr₹177 Cr
Aditya Birla Fashion & Retail
₹40.66—₹4,837 Cr0.850.00%−13.60%−3.76%₹8,371 Cr−₹845 Cr
Median 7 companies₹496.8049.59₹8,845 Cr6.280.13%18.70%17.10%₹8,371 Cr₹177 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
65
Good
Returns, margins, earnings quality 22% weight
Valuation
16
Poor
Cheap vs sector & own history 24% weight
Growth
56
Good
Sales & profit trajectory 9% weight
Financial Health
56
Good
Solvency, leverage, coverage 9% weight
Momentum
56
Good
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 20.7 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish4312
OscillatorsBearish432
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
63.77
Neutral
MACD (12,26,9)
50.47
Bullish
SMA (50)
2,836.40
Bullish
SMA (200)
2,787.88
Bullish

As of

Analyst Rating

Based on 26 analysts
BUY77%

20 of 26 analysts rate Buy, 5 Hold, 1 Sell.

As of

BUY
20
77%
HOLD
5
19%
SELL
1
4%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+28.11%
5Y+50.58%
3Y+34.54%
1Y+17.15%
TTM+18.44%

Net profit

Net profit growth by window
10Y+41.10%
5YTurned to profit
3Y+63.47%
1Y+12.19%
TTM+18.79%

Operating cash flow

Operating cash flow growth by window
10Y+37.68%
5Y+56.41%
3Y+64.90%
1Y+60.63%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+13.32 pp
5Y+14.26 pp
3Y+5.14 pp
1Y+2.20 pp
TTM+1.92 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,812 Cr
Mar 2018₹2,157 Cr
Mar 2019₹2,630 Cr
Mar 2020₹3,486 Cr
Mar 2021₹2,593 Cr
Mar 2022₹4,498 Cr
Mar 2023₹8,242 Cr
Mar 2024₹12,375 Cr
Mar 2025₹17,135 Cr
Mar 2026₹20,074 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹85.00 Cr
Mar 2018₹87.00 Cr
Mar 2019₹95.00 Cr
Mar 2020₹106 Cr
Mar 2021−₹181 Cr
Mar 2022₹35.00 Cr
Mar 2023₹394 Cr
Mar 2024₹1,477 Cr
Mar 2025₹1,534 Cr
Mar 2026₹1,721 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹1,346 Cr +24.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Trent Ltd trades at ₹3,036.50 as of 2026-11-03 with a market cap of ₹1,61,207 crore, commanding a PE of 85.39x and a price-to-book of 20.84x. The company has delivered compounded profit growth of 69% over five years and maintains an ROE of 24.22%, though TTM growth has moderated to 18% on both sales and profit lines.

Bull Case 7
  • Exceptional long-term profit growth: compounded profit CAGR of 69% over 5 years and 43% over 10 years, reflecting a sustained scaling of the retail franchise.
  • Strong return on equity at 24.22% as of 2026-11-03, with a 3-year average ROE of 29%, indicating efficient capital deployment relative to shareholder funds.
  • Robust sales trajectory with a 10-year compounded sales growth of 28% and a median sales growth of 27.2% over the last 10 years, demonstrating consistent revenue expansion.
  • Return on capital employed stands at 28.23%, well above typical cost of capital, suggesting the business generates meaningful economic value from its invested capital.
  • Conservative balance sheet with a debt-to-equity ratio of just 0.37, providing financial flexibility for store expansion and new format experimentation.
  • Stock is up roughly 39% from its 52-week low of ₹2,183.68, showing recovery momentum and investor confidence in the business model.
  • Five-year stock CAGR of 33% and 10-year stock CAGR of 37% reflect a long track record of shareholder wealth creation alongside operational growth.
Bear Case 6
  • Price-to-book ratio of 20.84x implies the market is pricing in years of flawless execution; any operational stumble could trigger a sharp de-rating.
  • TTM profit growth has decelerated sharply to 18% from a 5-year CAGR of 69%, suggesting the high-growth phase may be normalising.
  • TTM sales growth has also slowed to 18% compared to a 5-year compounded rate of 51%, raising questions about same-store saturation or competitive pressures.
  • Dividend yield of just 0.13% offers negligible income return, meaning total returns depend almost entirely on continued capital appreciation.
  • The stock trades about 10.7% below its 52-week high of ₹3,399.70, and the 1-year stock CAGR of -4% shows the stock has already been under pressure over the past year.
  • At a market cap of ₹1,61,207 crore, further multi-bagger returns require the company to scale profits dramatically from an already large base, which becomes progressively harder in discretionary retail.

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

AI News Digest

9h ago

TL;DR: Trent delivered a strong Q2FY27 with 30% EBITDA growth and significant margin expansion, while revenue growth remained robust at 21-23% YoY. The Zudio brand hitting 1,000 stores is a notable scale milestone. The only blemish was a minor net profit miss versus estimates. With improving leverage and consistent store additions, the growth trajectory remains firmly intact heading into H2FY27.

Headwinds 1
  • Net profit misses estimates Nov 02

    Consolidated net profit of ₹464 crore in Q2FY27 fell short of the market estimate of ₹475 crore, indicating margin pressure at the bottom line despite strong operational performance.

Positives 4
  • EBITDA beats estimates, margin expands Nov 02

    Consolidated EBITDA rose 30% YoY to ₹1,060 crore with margin expanding to 18.01%, well above the 15.7% consensus estimate.

  • Strong revenue growth continues Oct 06

    Standalone revenue grew 23% YoY to ₹5,788 crore in Q2FY27, with H1FY27 revenue reaching ₹11,454 crore, up 21% YoY.

  • Zudio crosses 1,000-store milestone Oct 06

    Zudio opened its 1,000th store, with total network expanding to 1,342 stores by September 30, 2026, adding 17 Zudio and 10 Westside stores in Q2.

Quarterly Results

₹ Cr
TRENT quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
2,982
3,467
3,298
4,104
4,157
4,657
4,217
4,883
4,818
5,345
5,028
5,755
5,873
Expenses
2,526
2,838
2,828
3,491
3,511
3,809
3,566
4,036
4,002
4,264
4,117
4,636
4,816
Operating Profit
457
629
470
613
646
847
651
848
816
1,081
911
1,119
1,057
OPM %
15%
18%
14%
15%
16%
18%
15%
17%
17%
20%
18%
19%
18%
Other Income
105
110
695
101
51
80
74
50
28
5
28
30
26
Interest
95
99
33
32
33
37
38
40
42
43
44
47
44
Depreciation
152
165
213
181
197
245
272
293
325
367
377
410
420
PBT
314
475
919
501
467
646
417
565
478
676
519
692
619
Tax %
27%
22%
23%
22%
28%
23%
25%
25%
22%
25%
20%
25%
24%
Net Profit
228
371
712
391
335
497
312
425
373
510
413
518
468
EPS (₹)
4.4
7.02
13.21
7.36
6.35
9.33
5.97
8.06
7.07
9.62
7.51
9.73
8.7

Profit & Loss

₹ Cr
TRENT profit and loss, annual, ₹ crore
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
22,001
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
17,832
Operating Profit
88
90
134
208
241
529
114
595
1,114
1,971
2,820
3,745
4,169
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
88
Interest
22
48
46
44
51
263
261
325
409
368
200
233
178
Depreciation
75
39
41
46
52
247
257
311
494
671
895
1,361
1,573
PBT
200
90
128
147
168
165
−205
111
552
1,921
2,030
2,236
2,506
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
1,909
EPS (₹)
2.6
1.11
1.7
1.74
1.95
2.3
−2.74
1.98
8.34
27.88
29.01
32.25
35.56
Div. Payout %
26%
54%
39%
44%
45%
29%
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
57%
18%
8%
11%
8%
—

Balance Sheet

₹ Cr
TRENT balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital
33
33
33
33
33
36
36
36
36
36
36
36
53
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
7,716
Borrowings
267
400
392
391
494
300
2,964
4,725
4,464
1,753
2,237
2,561
2,328
Other Liabilities
518
292
283
349
418
2,819
447
637
1,022
1,341
1,721
2,183
2,505
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
12,603
Fixed Assets
668
477
549
613
662
2,738
3,054
4,687
4,527
2,450
3,895
5,519
5,377
CWIP
92
55
5
10
87
23
108
105
102
224
180
254
238
Investments
740
1,067
1,080
1,023
883
1,515
1,487
1,284
1,110
1,416
1,480
1,385
1,513
Other Assets
706
558
588
691
927
1,230
1,075
1,651
2,343
3,072
3,865
4,571
5,475
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
12,603

Cash Flow

₹ Cr
TRENT cash flow, annual, ₹ crore
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/EBITDA
4
144
105
61
41
84
251
23
71
84
76
86

Ratios

TRENT financial ratios, annual
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

Log in to view Trent insights

68 extracted metrics across FY06–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 37.01%
  • DIIs 23.33%
  • FIIs 15.28%
  • Public 14.15%
  • Others 10.24%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

  • Q1 FY27 concall · Aug 2026
    PPT
  • Q4 FY26 concall · Apr 2026
    PPT
  • Q3 FY26 concall · Feb 2026
    PPT
  • Q2 FY26 concall · Nov 2025
    PPT
  • Q1 FY26 concall · Aug 2025
    PPT

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.
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 Consumer Discretionary sector, in the Retailing industry.
What is the PE ratio of Trent Ltd?
Trent Ltd trades at a PE ratio of 86.05 as of 4 Nov 2026, on earnings per share of ₹35.56, against a book value of ₹145.71 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 as of 4 Nov 2026.
Does Trent Ltd pay dividends?
Trent Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Trent Ltd?
Trent Ltd reported a return on equity of 27.70%. Its debt-to-equity ratio is 0.30.

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.

Website trentlimited.com
CEO Mr. Venkatesalu Palaniswamy
Employees 27,887
Listed 7 Jun 2004
Face Value ₹1

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