MarketFriction

Trent Ltd

NSE TRENT · BSE 500251 · Speciality Retail
₹2,580.00 -1.59%
NSE close2026-10-01
52 week range2,183.67 - 3,399.70
Market cap₹1,40,507 Cr.
P/E76.8
Nifty 50Nifty 100Nifty 200Nifty 500Nifty India Consumption No price band Delivery 56.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,9823,4673,2984,1044,1574,6574,2174,8834,8185,3455,0285,755
Expenses2,5262,8382,8283,4913,5113,8093,5664,0364,0024,2644,1174,636
Operating Profit4576294706136468476518488161,0819111,119
OPM %15%18%14%15%16%18%15%17%17%20%18%19%
Other Income105110695101518074502852830
Interest959933323337384042434447
Depreciation152165213181197245272293325367377410
Profit before tax314475919501467646416565477676519692
Tax %27%22%23%22%28%23%25%25%22%25%20%25%
Net Profit228371712391335497312425373510413518
EPS in Rs4.407.0213.217.366.359.335.978.067.079.627.519.73
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6861,8122,1572,6303,4862,5934,4988,24212,37517,13520,07420,945
Expenses1,5961,6791,9492,3902,9572,4793,9037,12810,40414,31516,32917,018
Operating Profit901342082415291145951,1141,9712,8203,7453,928
OPM %5%7%10%9%15%4.4%13%14%16%16%19%19%
Other Income868127301471991523419893058590
Interest48464451263261325409368200233175
Depreciation394146522472573114946718951,3611,478
Profit before tax90128147168165-2051115521,9212,0302,2362,364
Tax %39%34%41%44%36%-12%69%29%23%24%23%
Net Profit55858795106-181353941,4771,5341,7211,815
EPS in Rs1.111.701.741.952.30-2.741.988.3427.8829.0132.2533.93
Dividend Payout %54%39%44%45%29%-15%57%18%8%11%8%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth28%51%35%17%
Compounded Profit Growth43%69%71%15%
Stock Price CAGR34%31%24%-16%
Return on Equity17%24%29%28%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333333336363636363636
Reserves1,3891,4311,5141,5621,6132,3522,2772,3282,5604,0325,4266,949
Borrowings2674003923914943002,9644,7254,4641,7532,2372,561
Other Liabilities5182922833494182,8194476371,0221,3411,7212,183
Total Liabilities2,2072,1572,2222,3362,5595,5075,7247,7268,0827,1629,42011,729
Fixed Assets6684775496136622,7383,0544,6874,5272,4503,8955,519
CWIP92555108723108105102224180254
Investments7401,0671,0801,0238831,5151,4871,2841,1101,4161,4801,385
Other Assets7065585886919271,2301,0751,6512,3433,0723,8654,571
Total Assets2,2072,1572,2222,3362,5595,5075,7247,7268,0827,1629,42011,729
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-101091027721361285585951,3491,6612,668
Cash from Investing Activity-306-98-44-4-37-8091856-103-508-923-1,577
Cash from Financing Activity310-13-51-7437452-283-108-491-629-694-1,148
Net Cash Flow-6-27-1215206121144-57
Free Cash Flow-166-2134-30-174247194-152371955799931
CFO/OP4%144%105%61%41%84%251%23%71%84%76%86%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days331322312211
Inventory Days91128126122138118102128105837774
Days Payable617670746858655651413539
Cash Conversion Cycle335558517262407455454336
Working Capital Days-15-2536412439-1442291615-2
ROCE %4%7%9%10%11%17%1%7%12%24%31%28%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.01%37.01%37.01%37.01%37.01%37.01%37.01%37.01%37.01%37.01%37.01%37.01%
FIIs26.17%25.91%26.81%27.87%26.62%21.68%19.65%18.39%16.81%15.62%15.59%15.14%
DIIs14.89%14.82%13.89%13.18%13.39%15.25%17.20%18.42%19.84%21.37%22.19%23.07%
Government0.00%0.00%0.00%0.00%0.00%0.04%0.04%0.12%0.13%0.13%0.17%0.19%
Public21.92%22.26%22.29%21.95%22.98%26.01%26.08%26.06%26.18%25.87%25.03%24.57%
No. of Shareholders1,49,0101,75,2412,15,7152,46,5712,81,6353,46,0364,05,2744,21,0384,88,2735,07,5255,12,6235,20,340

Fundamentals

Market Cap₹ 1,40,507 Cr.
Current Price₹ 2,635
Stock P/E76.8
Book Value₹ 131
ROCE28.3 %
ROE27.7 %
Dividend Yield0.15 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)15%
Consolidated figures.
Valuation
Market capRs 91,716 Cr
Enterprise valueRs 93,994 Cr
P/E (TTM)50.70x
Price to book13.13x
Price to sales4.38x
EV / EBITDA23.40x
EV / EBIT37.02x
EV / sales4.49x
Price to cash flow34.38x
Earnings yield1.97%
Dividend yield0.15%
P/E, 3-year average63.31x
P/B, 3-year average19.10x
P/E, 5-year average109.77x
P/B, 5-year average16.53x
Profitability
Operating margin (excl. other income)18.66%
Operating margin (incl. other income)19.08%
EBITDA margin19.18%
Pre-tax margin11.28%
Net profit margin8.64%
Net margin, latest quarter9.02%
ROE27.63%
ROCE28.64%
ROA16.26%
ROE, 3-year average34.91%
ROCE, 3-year average32.39%
ROA, 3-year average18.14%
ROE, 5-year average25.44%
ROCE, 5-year average23.56%
ROA, 5-year average12.33%
ROIC (approx.)21.10%
Tax rate23.03%
Other income / net worth1.22%
Growth
Sales growth (latest year)17.16%
Profit growth (latest year)11.18%
Sales CAGR, 3 years34.55%
Sales CAGR, 5 years50.58%
Profit CAGR, 3 years56.97%
Sales growth QoQ14.45%
Profit growth QoQ29.65%
Sales growth YoY (latest quarter)17.84%
Profit growth YoY (latest quarter)20.79%
Per share
EPS (TTM)Rs 50.89
EPS (latest year)Rs 48.37
EPS (latest quarter)Rs 14.60
EPS, 3-year averageRs 44.57
EPS, 5-year averageRs 29.84
Book value per shareRs 196.48
Sales per shareRs 589.20
Cash flow per shareRs 75.04
Free cash flow per shareRs 26.19
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 4.07
Dividend per share, 5-year averageRs 3.22
Dividends
Dividend payout8.27%
Dividend payout, 3-year average9.14%
Dividend payout, 5-year average20.42%
Efficiency
Asset turnover1.71x
Fixed asset turnover3.64x
Inventory turnover5.30x
Inventory days69 days
Debtor days1 days
Debtors turnover392.53x
Creditor days39 days
Cash conversion cycle36 days
Working capital days-2 days
Leverage
Total debtRs 2,561 Cr
Cash and bankRs 283 Cr
Net debtRs 2,278 Cr
Debt to equity0.37x
Net debt / EBITDA0.57x
Interest coverage14.48x
Current ratio (filing 2026-03-31)1.26x
Quick ratio (filing 2026-03-31)0.55x
Trade payables (filing 2026-03-31)Rs 1,211 Cr
Owners' fund to total sources59.55%
Debt to assets21.84%
Cash flow
Cash from Operating Activity (latest year)Rs 2,668 Cr
Cash from Investing Activity (latest year)Rs -1,577 Cr
Cash from Financing Activity (latest year)Rs -1,148 Cr
Net Cash Flow (latest year)Rs -57 Cr
Free cash flow (latest year)Rs 931 Cr
FCFE (approx.: FCF + change in debt)Rs 1,255 Cr
Cash from ops / profit, 5 years1.23x
Sales to cash flow7.53x
Statement figures
Net sales (TTM)Rs 20,945 Cr
Net sales (latest year)Rs 20,074 Cr
Sales (latest quarter)Rs 5,755 Cr
Operating profit excl. other income (latest year)Rs 3,745 Cr
Operating profit (latest quarter)Rs 1,119 Cr
Other income (TTM)Rs 90 Cr
EBITDA (TTM)Rs 4,017 Cr
PBDT (TTM)Rs 3,842 Cr
Profit before tax (TTM)Rs 2,364 Cr
Tax (latest year)Rs 515 Cr
Net profit (TTM)Rs 1,809 Cr
Net profit (latest year)Rs 1,720 Cr
Net profit (latest quarter)Rs 519 Cr
Depreciation (TTM)Rs 1,478 Cr
Depreciation (latest quarter)Rs 410 Cr
Interest (TTM)Rs 175 Cr
Cost of goods sold (latest year)Rs 12,137 Cr
Total expenditure (latest year)Rs 16,329 Cr
Total income (latest year)Rs 20,159 Cr
Share capitalRs 36 Cr
ReservesRs 6,949 Cr
Shareholders' fundsRs 6,985 Cr
Total assetsRs 11,729 Cr
Net blockRs 5,519 Cr
Capital work in progressRs 254 Cr
InvestmentsRs 1,385 Cr
ReceivablesRs 51 Cr
InventoryRs 2,289 Cr
Other liabilitiesRs 2,183 Cr
Shares outstanding (crore)35.55
Ownership
Promoter holding37.01% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 50.7 is at the 1th percentile of its own 8.4-year range (median 106.8, low 47.7, high 349.4).
P/B 13.13 is at the 57th percentile (median 10.91).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodTRENTNifty 50Difference
1 week-4.4%-2.8% -1.7 pts
1 month-9.6%-6.8% -2.8 pts
3 months-22.8%-7.6% -15.2 pts
6 months+17.4%+0.4% +17.0 pts
1 year-18.4%-9.9% -8.5 pts
2 years-49.2%-13.6% -35.7 pts
3 years+86.0%+14.2% +71.9 pts
5 years+270.6%+27.9% +242.7 pts
305 mutual fund schemes hold about ₹16,312 Cr. Over three months 224 bought more and 53 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Balanced Advantage Fund(M1.34%1,011 +14%
Nippon India Large Cap Fund1.30%703 +12%
ICICI Pru Large Cap Fund0.71%572 +20%
Canara Rob Large and Mid Cap Fund2.00%527 -7%
UTI Flexi Cap Fund2.16%523 +5%
Nippon India Multi Cap Fund0.86%485 +25%
Nippon India Growth Mid Cap Fund0.88%462 +7%
Invesco India Large & Mid Cap Fund3.67%431 -1%
Aditya Birla SL Large Cap Fund1.23%364 +16%
Mirae Asset Large Cap Fund0.91%350 +14%
Nippon India Focused Fund3.90%338 +22%
ICICI Pru India Opp Fund0.85%327 +10%
Aditya Birla SL Flexi Cap Fund1.07%310 +29%
Axis Large Cap Fund0.96%300 -21%
Invesco India Midcap Fund1.77%282 -16%
Invesco India Smallcap Fund1.66%262 -3%
Franklin India Flexi Cap Fund1.35%261 +13%
UTI Nifty 50 Index Fund0.87%256 +13%
Aditya Birla SL Focused Fund3.10%247 +12%
Nippon India Multi Asset Allocation Fund1.37%246 +14%
ICICI Pru Flexi Cap Fund0.91%236 -1%
HDFC Balanced Advantage Fund0.21%227 +12%
ICICI Pru Business Cycle Fund1.37%217 +130%
HDFC Nifty 50 Index Fund0.87%210 +13%
ICICI Pru Multi Asset Allocation Fund0.23%206 +191%

Red flags

F-score 6 of 8
lookAuditor change Auditor change 2026-08-06: Trent Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-09-08RAJNIKANT A. SHAHEmployees/Designated Employesell2,500Rs 1.38 CrMarket Sale
2023-09-04Mr. Wasi AhmadImmediate relativebuy1,040Rs 0.21 CrMarket Purchase
2022-09-19Mrs. Aloo N. TataImmediate relativebuy440Rs 0.06 CrMarket Purchase
2022-09-16Mrs. Aloo N. TataImmediate relativebuy560Rs 0.08 CrMarket Purchase
2022-08-23Bryan DasilvaEmployees/Designated Employebuy10Rs 0.00 CrMarket Purchase
2022-08-22Bryan DasilvaEmployees/Designated Employebuy137Rs 0.02 CrMarket Purchase
2022-08-19Mrs. Aloo N. TataImmediate relativebuy140Rs 0.02 CrMarket Purchase
2022-08-19Bryan DasilvaEmployees/Designated Employebuy130Rs 0.02 CrMarket Purchase
2022-05-20Bryan DasilvaEmployees/Designated Employebuy515Rs 0.06 CrMarket Purchase
2022-05-19Bryan DasilvaEmployees/Designated Employebuy425Rs 0.04 CrMarket Purchase
2022-05-18Bryan DasilvaEmployees/Designated Employebuy440Rs 0.05 CrMarket Purchase
2022-05-06Mrs. Aloo N. TataImmediate relativebuy1,205Rs 0.14 CrMarket Purchase
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹5,755 Cr +17.9% vs Jun 2025. Net profit ₹518 Cr +21.9%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-12Dividend - Rs 4 Per Share
2026-06-04Bonus 1:20.6667
2025-06-12Dividend - Rs 5 Per Share
2024-05-22Dividend - Rs 3.20 Per Share
2023-05-25Dividend - Rs 2.20 Per Share
2022-05-20Dividend- Rs 1.1 Per Share
2022-02-22Interim Dividend - Rs 0.60 Per Share
2021-07-09 Annual General Meeting/Dividend - Re 0.60 Per Share
2020-07-24 Annual General Meeting/Dividend - Re 1 Per Share
2019-07-19 Annual General Meeting/Dividend - Rs 1.30 Per Share
2018-07-27 Annual General Meeting/Dividend- Rs 1.15 Per Share
2017-07-19 Annual General Meeting/Dividend - Re 1/- Per Share
2016-09-12 Face Value Split From Rs 10 To Re 10.1000
2016-08-01 Annual General Meeting
2016-03-17 Interim Dividend - Rs 9/- Per Share (Purpose Revised)
2015-07-27Annual General Meeting/Final Dividend Rs.7.50/- Per Share/Special Dividend Rs.2.50/- Per Share
2014-08-04Annual General Meeting / Dividend - Rs 7/- Per Share
2013-07-15Annual General Meeting/Dividend Rs 7/- Per Equity Share
2012-07-23Annual General Meeting/ Dividend Rs 6.50 Per Share
2011-07-18Annual General Meeting And Dividend Rs.7.50 Per Share
2010-08-09Annual General Meeting And Dividend Rs.6.50 Per Share
2010-07-084 Ccps (2 Series A Ccps And 2 Series B Ccps) Issued @ Premium Of Rs 540 Per Ccps For 9 Eq Shares
2009-07-31Agm/Div-Rs.5.50 Per Share
2008-07-16Dividend - 70%
2007-08-16Agm
2007-05-08Int.Div70%/Rght1:[email protected] Revised
2006-08-04Agm/Div-Rs.6.50/- Per Sh
DateTypeWhat it says
2026-09-11Press ReleasePress Release - Zudio crosses 1,000 stores
2026-08-31Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meetings
2026-08-07Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meeting
2026-08-06General UpdatesGrant of stock options under Trent Limited - Employee Stock Option Plan 2026 .
2026-08-06Press ReleaseA press release dated August 06, 2026, titled "Press Release on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th J...
2026-08-06Investor PresentationInvestor Presentation
2026-08-06Change in ManagementChange in Management
2026-08-06Board meeting outcomeTrent Limited has submitted to the Exchange about Outcome of Board Meeting held today i.e. 6th August 2026
2026-08-06Change in AuditorsChange in Auditors of the company.
2026-07-31General UpdatesIntimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-07-21Rumour Verification - RegulaClarification on recent media coverage
2026-07-06General UpdatesUpdate for Q1 FY27
2026-06-23Shareholder meetingTrent Limited has submitted the Exchange Details of the Voting Results at the 74th Annual General Meeting held on 23rd June 2026
2026-06-23Shareholder meetingSummary of Proceedings of the 74th Annual General Meeting of the Company held on 23rd June 2026
2026-06-19ESOP grantGrant of stock options under Trent Limited - Employee Stock Option Plan 2026.
2026-06-10Concall / analyst meetIntimation of schedule of Analyst / Institutional Investor Meeting
2026-06-05AllotmentAllotment of bonus equity shares
2026-05-30General UpdatesIntegrated Annual Report 2025-26
2026-05-30Shareholder meetingNotice of Seventy-Fourth Annual General Meeting
2026-05-29Concall / analyst meetIntimation of schedule of Analyst / Institutional Investor Meeting
2026-05-27Shareholder meetingTrent Limited has submitted the Exchange a copy Voting Results of Postal Ballot through remote e-Voting process
2026-05-26Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meetings
2026-05-15Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meetings.
2026-05-14Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meetings
2026-05-13Concall / analyst meetIntimation of schedule of Analyst / Institutional Investors Meetings.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.58
Max pain (expiry 2026-10-27)2,700
Largest call open interest at3,300
Largest put open interest at2,600
Implied volatility, at the money34.2%
Underlying at snapshot2,580.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,194
2026-09-29225
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Trent Ltd?

Trent Ltd (TRENT) has a market capitalisation of Rs 1,40,507 Cr. at the 2026-10-01 close.

What is the P/E ratio of Trent Ltd?

Trent Ltd trades at a P/E of 76.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Trent Ltd's latest quarterly results?

In the Jun 2026 quarter, Trent Ltd sales was Rs 5,755 Cr (+17.9% vs Jun 2025) and net profit was Rs 518 Cr.

What is the 52-week high and low of Trent Ltd?

The 52-week high is Rs 3,399.70 and the 52-week low is Rs 2,183.67.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03