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Trent Limited
(TRENT)
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Rating:65Neutral
Price Target:
₹3,151.00
▲(8.69% Upside)
Action:Downgraded
Date:07/08/26
The score is primarily supported by strong financial performance (multi-year revenue/earnings growth, improved leverage, and stronger FY2026 operating cash flow). Offsetting this, valuation is stretched (high P/E with minimal yield), and technicals are mixed with weaker near-term momentum despite a still-supportive longer-term trend.
Positive Factors
Sustained revenue growth and scale
Multi-year top-line expansion and continued positive growth into FY2026 indicate durable consumer demand and effective store expansion. Scale improves buying power, merchandising leverage and brand reach, supporting sustainable gross-profit potential over the medium term.
Negative Factors
Margin visibility and volatility
Pronounced swings in margins reduce predictability of earnings and cash flow. If gross or operating margins compress persistently, the company’s ability to fund expansion, absorb higher costs or maintain profitability could be impaired, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth and scale
Multi-year top-line expansion and continued positive growth into FY2026 indicate durable consumer demand and effective store expansion. Scale improves buying power, merchandising leverage and brand reach, supporting sustainable gross-profit potential over the medium term.
Read all positive factors
Trent Limited (TRENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.50T
Dividend Yield0.21%
Average Volume (3M)80.64K
Price to Earnings (P/E)60.9
Beta (1Y)1.37
Revenue Growth16.92%
EPS Growth14.21%
CountryIN
Employees25,277
SectorGeneral
Sector StrengthN/A
IndustryApparel - Retail
Share Statistics
EPS (TTM)46.01
Shares Outstanding533,232,200
10 Day Avg. Volume105,090
30 Day Avg. Volume80,635
Financial Highlights & Ratios
PEG Ratio4.35
Price to Book (P/B)11.97
Price to Sales (P/S)4.16
P/FCF Ratio92.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,435.00Price Target Upside18.49% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)40.8
Revenue Forecast (FY)₹239.29B
Trent Limited Business Overview & Revenue Model
Company Description
Trent Limited, an Indian retail conglomerate, operates an extensive network of stores across India through its various subsidiaries. Its primary brand, Westside, offers a broad spectrum of products including attire for women, men, and children, fo...
How the Company Makes Money
Trent makes money primarily by selling merchandise to end customers through its owned/operated retail stores (and, where applicable, digital channels linked to its formats). Its core revenue stream is retail sales from (1) apparel and lifestyle pr...
Trent Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 209.45B | 200.74B | 171.35B | 123.75B | 82.42B | 44.98B |
| Gross Profit | 78.20B | 88.09B | 72.31B | 52.39B | 33.83B | 19.17B |
| EBITDA | 40.05B | 37.67B | 21.55B | 14.77B | 7.24B | 3.33B |
| Net Income | 18.09B | 17.20B | 15.47B | 14.87B | 4.45B | 1.06B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 117.29B | 94.20B | 71.62B | 80.82B | 77.26B |
| Cash, Cash Equivalents and Short-Term Investments | 9.29B | 10.52B | 9.73B | 10.14B | 6.29B | 6.08B |
| Total Debt | 0.00 | 25.61B | 22.37B | 17.53B | 44.64B | 47.25B |
| Total Liabilities | -71.08B | 46.21B | 38.36B | 30.59B | 54.19B | 53.16B |
| Stockholders Equity | 71.08B | 69.85B | 54.62B | 40.68B | 25.95B | 23.64B |
Cash Flow | ||||||
| Free Cash Flow | 4.86B | 9.05B | 3.93B | 6.12B | 914.80M | -2.12B |
| Operating Cash Flow | 15.32B | 26.68B | 16.61B | 13.49B | 5.95B | 584.80M |
| Investing Cash Flow | -10.29B | -15.78B | -9.24B | -5.08B | -1.03B | 560.30M |
| Financing Cash Flow | -6.49B | -11.48B | -6.94B | -6.29B | -4.91B | -1.08B |
Trent Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹1.50T | 60.91 | ― | 0.21% | 16.92% | 14.21% | |
64 Neutral | ₹141.60B | 36.75 | ― | 1.37% | 1.95% | -2.63% | |
59 Neutral | ₹17.08B | 32.83 | ― | ― | -1.51% | -38.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹79.51B | 43.03 | ― | ― | 63.30% | 117.94% | |
51 Neutral | ₹101.83B | 57.60 | ― | 0.60% | ― | ― | |
49 Neutral | ₹29.55B | 61.61 | ― | ― | 34.89% | 174.22% |
* General Sector Average
IN:TRENT
Trent Limited
2,804.40
-612.42
-17.92%
IN:GOCOLORS
Go Fashion (India) Limited
324.80
-389.80
-54.55%
IN:MANYAVAR
Vedant Fashions Limited
582.75
-151.90
-20.68%
IN:STYLEBAAZA
Baazar Style Retail Limited
388.20
24.70
6.80%
IN:V2RETAIL
V2 Retail Limited
218.05
56.48
34.96%
IN:ABLBL
Aditya Birla Lifestyle Brands Limited
83.43
-59.46
-41.61%
Trent Limited Corporate Events
Trent urges physical shareholders to update KYC details amid SEBI compliance push
May 2, 2026
Trent Limited has notified stock exchanges that it has sent letters to shareholders holding shares in physical form, asking them to furnish prescribed Know Your Customer details to the company’s registrar and transfer agent, MUFG Intime Indi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.