Trent Ltd.
•₹ 2,924-1.55%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 46.3%
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.7%
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 50.6% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.20x)
CONS
- Stock is trading at 16.8x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Though reporting repeated profits, the company pays out little dividend (12.4%)
- Rich enterprise valuation - EV/EBITDA of 30.5x
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DMART | 3979.55 | 84.88 | 259564.55 | 0.00 | 860.44 | 11.34 | 18794.53 | 14.88 | 18.03 | 7.98 |
| 2. | TRENT | 2944.00 | 86.78 | 156983.37 | 0.14 | 518.07 | 21.98 | 5754.71 | 17.84 | 36.73 | 19.45 |
| 3. | VMM | 103.40 | 54.31 | 48440.92 | 0.00 | 258.77 | 25.57 | 3727.01 | 18.68 | 17.13 | 14.61 |
| 4. | METROBRAND | 924.05 | 61.97 | 25186.40 | 0.32 | 95.26 | -3.58 | 720.36 | 14.66 | 33.25 | 29.85 |
| 5. | ABLBL | 86.92 | 60.28 | 10608.77 | 0.58 | 29.02 | 20.62 | 2045.74 | 11.15 | 27.34 | 15.06 |
| 6. | PNGJL | 603.90 | 19.94 | 8889.56 | 0.00 | 105.33 | 51.91 | 2412.98 | 40.73 | 20.40 | 7.56 |
| 7. | V2RETAIL | 220.00 | 44.90 | 8022.03 | 0.00 | 41.85 | 69.70 | 997.20 | 57.73 | 38.43 | 13.99 |
| 8. | AVL | 605.70 | 0.00 | 7821.89 | 0.21 | 77.22 | 39.99 | 1192.68 | 26.85 | 20.82 | 10.44 |
| 9. | MEDPLUS | 649.85 | 37.09 | 7807.11 | 0.00 | 33.17 | -21.67 | 1879.60 | 21.84 | 22.22 | 7.09 |
| 10. | ETHOSLTD | 2904.30 | 74.81 | 7771.24 | 0.00 | 28.66 | 50.71 | 461.71 | 33.32 | 13.70 | 12.97 |
| 11. | EMIL | 191.15 | 35.67 | 7354.47 | 0.00 | 120.64 | 458.07 | 2418.95 | 39.07 | 14.49 | 9.88 |
| 12. | REDTAPE | 126.05 | 28.28 | 6968.14 | 1.59 | 44.48 | 15.23 | 481.28 | 3.65 | 31.03 | 17.36 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 2,261 | 2,526 | 2,838 | 2,828 | 3,491 | 3,511 | 3,809 | 3,565 | 4,036 | 4,001 | 4,264 | 4,101 | 5,083 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 52 | 80 | 80 | 77 | 45 | 45 | 54 | 74 | 41 | 28 | 19 | 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 |
| 186 | 289 | 446 | 877 | 446 | 461 | 620 | 417 | 555 | 478 | 664 | 535 | 692 | |
| Tax % | 24.57% | 29.85% | 23.47% | 23.59% | 24.72% | 28.58% | 24.09% | 24.99% | 25.20% | 21.66% | 24.97% | 19.77% | 25.12% |
| Net Profit | 0 | 0 | 0 | 0 | 391 | 335 | 497 | 312 | 425 | 373 | 510 | 413 | 518 |
| 5 | 7 | 11 | 20 | 11 | 10 | 14 | 9 | 12 | 11 | 14 | 11 | 1 | |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 53 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,244 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 53 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,244 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 2,628
- 2,261
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 92
- Depreciation
- 141
- 186
- Tax %
- 24.57%
- Net Profit
- 0
- 5
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,982
- 2,526
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 95
- Depreciation
- 152
- 289
- Tax %
- 29.85%
- Net Profit
- 0
- 7
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 3,467
- 2,838
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 99
- Depreciation
- 165
- 446
- Tax %
- 23.47%
- Net Profit
- 0
- 11
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 3,298
- 2,828
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 33
- Depreciation
- 213
- 877
- Tax %
- 23.59%
- Net Profit
- 0
- 20
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 4,104
- 3,491
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 32
- Depreciation
- 181
- 446
- Tax %
- 24.72%
- Net Profit
- 391
- 11
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 4,157
- 3,511
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 33
- Depreciation
- 197
- 461
- Tax %
- 28.58%
- Net Profit
- 335
- 10
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 4,657
- 3,809
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 37
- Depreciation
- 245
- 620
- Tax %
- 24.09%
- Net Profit
- 497
- 14
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 4,217
- 3,565
- Operating Profit
- —
- OPM %
- —
- Other Income
- 74
- Interest
- 38
- Depreciation
- 272
- 417
- Tax %
- 24.99%
- Net Profit
- 312
- 9
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 4,883
- 4,036
- Operating Profit
- —
- OPM %
- —
- Other Income
- 41
- Interest
- 40
- Depreciation
- 293
- 555
- Tax %
- 25.20%
- Net Profit
- 425
- 12
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 4,818
- 4,001
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 42
- Depreciation
- 325
- 478
- Tax %
- 21.66%
- Net Profit
- 373
- 11
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 5,345
- 4,264
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 43
- Depreciation
- 367
- 664
- Tax %
- 24.97%
- Net Profit
- 510
- 14
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 5,028
- 4,101
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 44
- Depreciation
- 377
- 535
- Tax %
- 19.77%
- Net Profit
- 413
- 11
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 5,755
- 5,083
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 47
- Depreciation
- 410
- 692
- Tax %
- 25.12%
- Net Profit
- 518
- 1
- Equity Capital
- 53
- Reserves
- 7,244
- Promoter Pledge %
- 0.00%
- Equity Capital
- 53
- Reserves
- 7,244
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,812 | 2,157 | 2,630 | 3,486 | 2,593 | 4,498 | 8,242 | 12,375 | 17,135 | 20,074 | 20,945 | |
| 1,675 | 1,943 | 2,389 | 2,929 | 2,409 | 3,904 | 7,129 | 10,404 | 14,315 | 16,337 | 17,448 | |
| Operating Profit | 198 | 259 | 282 | 706 | 386 | 769 | 1,374 | 2,260 | 3,039 | 3,853 | — |
| OPM % | 11 | 12 | 11 | 20 | 15 | 17 | 17 | 18 | 18 | 19 | — |
| Other Income | 61 | 44 | 41 | 149 | 202 | 175 | 261 | 289 | 219 | 115 | 104 |
| Interest | 46 | 44 | 51 | 263 | 261 | 325 | 409 | 368 | 200 | 233 | 175 |
| Depreciation | 41 | 46 | 52 | 247 | 257 | 311 | 494 | 671 | 895 | 1,361 | 1,478 |
| 102 | 147 | 168 | 165 | -205 | 111 | 552 | 1,921 | 2,030 | 2,236 | 2,369 | |
| Tax % | 42 | 41 | 44 | 36 | 12 | 69 | 29 | 23 | 24 | 23 | 23 |
| Net Profit | 59 | 87 | 95 | 106 | -181 | 35 | 394 | 1,477 | 1,534 | 1,721 | 1,820 |
| EPS | 3 | 3 | 3 | 4 | -4 | 3 | 13 | 42 | 44 | 48 | — |
| Dividend Payout % | 39 | 44 | 45 | 29 | -15 | 57 | 18 | 8 | 11 | 12 | — |
| Minority Interest | -0 | -0 | 2 | 17 | 35 | 71 | 51 | 9 | 12 | -2 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15 |
| Adjusted EPS | 2 | 2 | 2 | 2 | -3 | 2 | 8 | 28 | 29 | 32 | — |
| Minority Interest | -0 | -0 | 2 | 17 | 35 | 71 | 51 | 9 | 12 | -2 | -1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15 |
| Adjusted EPS | 2 | 2 | 2 | 2 | -3 | 2 | 8 | 28 | 29 | 32 | — |
Mar 2017
- 1,812
- 1,675
- Operating Profit
- 198
- OPM %
- 11
- Other Income
- 61
- Interest
- 46
- Depreciation
- 41
- 102
- Tax %
- 42
- Net Profit
- 59
- EPS
- 3
- Dividend Payout %
- 39
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 2,157
- 1,943
- Operating Profit
- 259
- OPM %
- 12
- Other Income
- 44
- Interest
- 44
- Depreciation
- 46
- 147
- Tax %
- 41
- Net Profit
- 87
- EPS
- 3
- Dividend Payout %
- 44
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 2,630
- 2,389
- Operating Profit
- 282
- OPM %
- 11
- Other Income
- 41
- Interest
- 51
- Depreciation
- 52
- 168
- Tax %
- 44
- Net Profit
- 95
- EPS
- 3
- Dividend Payout %
- 45
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 3,486
- 2,929
- Operating Profit
- 706
- OPM %
- 20
- Other Income
- 149
- Interest
- 263
- Depreciation
- 247
- 165
- Tax %
- 36
- Net Profit
- 106
- EPS
- 4
- Dividend Payout %
- 29
- Minority Interest
- 17
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 17
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2021
- 2,593
- 2,409
- Operating Profit
- 386
- OPM %
- 15
- Other Income
- 202
- Interest
- 261
- Depreciation
- 257
- -205
- Tax %
- 12
- Net Profit
- -181
- EPS
- -4
- Dividend Payout %
- -15
- Minority Interest
- 35
- Share of Associates
- 0
- Adjusted EPS
- -3
- Minority Interest
- 35
- Share of Associates
- 0
- Adjusted EPS
- -3
Mar 2022
- 4,498
- 3,904
- Operating Profit
- 769
- OPM %
- 17
- Other Income
- 175
- Interest
- 325
- Depreciation
- 311
- 111
- Tax %
- 69
- Net Profit
- 35
- EPS
- 3
- Dividend Payout %
- 57
- Minority Interest
- 71
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 71
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 8,242
- 7,129
- Operating Profit
- 1,374
- OPM %
- 17
- Other Income
- 261
- Interest
- 409
- Depreciation
- 494
- 552
- Tax %
- 29
- Net Profit
- 394
- EPS
- 13
- Dividend Payout %
- 18
- Minority Interest
- 51
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 51
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2024
- 12,375
- 10,404
- Operating Profit
- 2,260
- OPM %
- 18
- Other Income
- 289
- Interest
- 368
- Depreciation
- 671
- 1,921
- Tax %
- 23
- Net Profit
- 1,477
- EPS
- 42
- Dividend Payout %
- 8
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- 9
- Share of Associates
- 0
- Adjusted EPS
- 28
Mar 2025
- 17,135
- 14,315
- Operating Profit
- 3,039
- OPM %
- 18
- Other Income
- 219
- Interest
- 200
- Depreciation
- 895
- 2,030
- Tax %
- 24
- Net Profit
- 1,534
- EPS
- 44
- Dividend Payout %
- 11
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 12
- Share of Associates
- 0
- Adjusted EPS
- 29
Mar 2026
- 20,074
- 16,337
- Operating Profit
- 3,853
- OPM %
- 19
- Other Income
- 115
- Interest
- 233
- Depreciation
- 1,361
- 2,236
- Tax %
- 23
- Net Profit
- 1,721
- EPS
- 48
- Dividend Payout %
- 12
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 32
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 32
TTM
- 20,945
- 17,448
- Operating Profit
- —
- OPM %
- —
- Other Income
- 104
- Interest
- 175
- Depreciation
- 1,478
- 2,369
- Tax %
- 23
- Net Profit
- 1,820
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -1
- Share of Associates
- -15
- Adjusted EPS
- —
- Minority Interest
- -1
- Share of Associates
- -15
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 29%
- 5 Years:
- 51%
- 3 Years:
- 35%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 41%
- 5 Years:
- —
- 3 Years:
- 57%
STOCK PRICE CAGR
- 10 Years:
- 37%
- 5 Years:
- 38%
- 3 Years:
- 31%
- 1 Year:
- -18%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 24%
- 3 Years:
- 35%
- Last Year:
- 28%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 33 | 33 | 33 | 36 | 36 | 36 | 36 | 36 | 36 | 36 |
| 1,514 | 1,562 | 1,613 | 2,352 | 2,277 | 2,328 | 2,560 | 4,032 | 5,426 | 6,949 | |
| 191 | 292 | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | |
| Trade Payables | 169 | 208 | 245 | 298 | 275 | 378 | 665 | 774 | 928 | 1,211 |
| 315 | 241 | 573 | 2,711 | 3,022 | 4,858 | 4,665 | 2,266 | 2,986 | 2,929 | |
| Total Liabilities | 2,222 | 2,336 | 2,559 | 5,396 | 5,609 | 7,600 | 7,925 | 7,107 | 9,376 | 11,624 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 515 | 579 | 630 | 2,710 | 3,026 | 4,659 | 4,500 | 2,423 | 3,868 | 5,489 | |
| Capital Work in Progress | 5 | 10 | 87 | 23 | 108 | 105 | 102 | 224 | 180 | 254 |
| 1,080 | 1,023 | 883 | 1,515 | 1,487 | 1,284 | 1,110 | 1,416 | 1,480 | 1,385 | |
| 305 | 345 | 497 | 608 | 428 | 868 | 1,361 | 1,583 | 2,045 | 2,289 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 82 | 63 | 51 | |
| Cash & Bank | 34 | 33 | 54 | 61 | 81 | 86 | 86 | 298 | 340 | 283 |
| 282 | 346 | 408 | 479 | 478 | 599 | 767 | 1,082 | 1,400 | 1,873 | |
| Total Assets | 2,222 | 2,336 | 2,559 | 5,396 | 5,609 | 7,600 | 7,925 | 7,107 | 9,376 | 11,624 |
| Total Debt | 392 | 391 | 494 | 300 | 300 | 497 | 498 | 499 | 499 | 500 |
| Net Working Capital | 15 | 24 | 304 | 1,210 | 642 | 1,124 | 1,275 | 1,555 | 1,654 | 847 |
| Contingent Liabilities | 115 | 73 | 106 | 94 | 143 | 141 | 141 | 106 | 108 | 98 |
| Book Value per Share | 46.58 | 48.01 | 49.55 | 67.17 | 65.06 | 66.50 | 73.01 | 114.42 | 153.64 | 196.47 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 392 | 391 | 494 | 300 | 300 | 497 | 498 | 499 | 499 | 500 |
| Net Working Capital | 15 | 24 | 304 | 1,210 | 642 | 1,124 | 1,275 | 1,555 | 1,654 | 847 |
| Contingent Liabilities | 115 | 73 | 106 | 94 | 143 | 141 | 141 | 106 | 108 | 98 |
| Book Value per Share | 46.58 | 48.01 | 49.55 | 67.17 | 65.06 | 66.50 | 73.01 | 114.42 | 153.64 | 196.47 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 33
- 1,514
- 191
- Trade Payables
- 169
- 315
- Total Liabilities
- 2,222
- 515
- Capital Work in Progress
- 5
- 1,080
- 305
- 0
- Cash & Bank
- 34
- 282
- Total Assets
- 2,222
- Total Debt
- 392
- Net Working Capital
- 15
- Contingent Liabilities
- 115
- Book Value per Share
- 46.58
- Face Value
- 1.00
- Total Debt
- 392
- Net Working Capital
- 15
- Contingent Liabilities
- 115
- Book Value per Share
- 46.58
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 33
- 1,562
- 292
- Trade Payables
- 208
- 241
- Total Liabilities
- 2,336
- 579
- Capital Work in Progress
- 10
- 1,023
- 345
- 0
- Cash & Bank
- 33
- 346
- Total Assets
- 2,336
- Total Debt
- 391
- Net Working Capital
- 24
- Contingent Liabilities
- 73
- Book Value per Share
- 48.01
- Face Value
- 1.00
- Total Debt
- 391
- Net Working Capital
- 24
- Contingent Liabilities
- 73
- Book Value per Share
- 48.01
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 33
- 1,613
- 95
- Trade Payables
- 245
- 573
- Total Liabilities
- 2,559
- 630
- Capital Work in Progress
- 87
- 883
- 497
- 0
- Cash & Bank
- 54
- 408
- Total Assets
- 2,559
- Total Debt
- 494
- Net Working Capital
- 304
- Contingent Liabilities
- 106
- Book Value per Share
- 49.55
- Face Value
- 1.00
- Total Debt
- 494
- Net Working Capital
- 304
- Contingent Liabilities
- 106
- Book Value per Share
- 49.55
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 36
- 2,352
- 0
- Trade Payables
- 298
- 2,711
- Total Liabilities
- 5,396
- 2,710
- Capital Work in Progress
- 23
- 1,515
- 608
- 0
- Cash & Bank
- 61
- 479
- Total Assets
- 5,396
- Total Debt
- 300
- Net Working Capital
- 1,210
- Contingent Liabilities
- 94
- Book Value per Share
- 67.17
- Face Value
- 1.00
- Total Debt
- 300
- Net Working Capital
- 1,210
- Contingent Liabilities
- 94
- Book Value per Share
- 67.17
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 36
- 2,277
- 0
- Trade Payables
- 275
- 3,022
- Total Liabilities
- 5,609
- 3,026
- Capital Work in Progress
- 108
- 1,487
- 428
- 0
- Cash & Bank
- 81
- 478
- Total Assets
- 5,609
- Total Debt
- 300
- Net Working Capital
- 642
- Contingent Liabilities
- 143
- Book Value per Share
- 65.06
- Face Value
- 1.00
- Total Debt
- 300
- Net Working Capital
- 642
- Contingent Liabilities
- 143
- Book Value per Share
- 65.06
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 36
- 2,328
- 0
- Trade Payables
- 378
- 4,858
- Total Liabilities
- 7,600
- 4,659
- Capital Work in Progress
- 105
- 1,284
- 868
- 0
- Cash & Bank
- 86
- 599
- Total Assets
- 7,600
- Total Debt
- 497
- Net Working Capital
- 1,124
- Contingent Liabilities
- 141
- Book Value per Share
- 66.50
- Face Value
- 1.00
- Total Debt
- 497
- Net Working Capital
- 1,124
- Contingent Liabilities
- 141
- Book Value per Share
- 66.50
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 36
- 2,560
- 0
- Trade Payables
- 665
- 4,665
- Total Liabilities
- 7,925
- 4,500
- Capital Work in Progress
- 102
- 1,110
- 1,361
- 0
- Cash & Bank
- 86
- 767
- Total Assets
- 7,925
- Total Debt
- 498
- Net Working Capital
- 1,275
- Contingent Liabilities
- 141
- Book Value per Share
- 73.01
- Face Value
- 1.00
- Total Debt
- 498
- Net Working Capital
- 1,275
- Contingent Liabilities
- 141
- Book Value per Share
- 73.01
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 36
- 4,032
- 0
- Trade Payables
- 774
- 2,266
- Total Liabilities
- 7,107
- 2,423
- Capital Work in Progress
- 224
- 1,416
- 1,583
- 82
- Cash & Bank
- 298
- 1,082
- Total Assets
- 7,107
- Total Debt
- 499
- Net Working Capital
- 1,555
- Contingent Liabilities
- 106
- Book Value per Share
- 114.42
- Face Value
- 1.00
- Total Debt
- 499
- Net Working Capital
- 1,555
- Contingent Liabilities
- 106
- Book Value per Share
- 114.42
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 36
- 5,426
- 0
- Trade Payables
- 928
- 2,986
- Total Liabilities
- 9,376
- 3,868
- Capital Work in Progress
- 180
- 1,480
- 2,045
- 63
- Cash & Bank
- 340
- 1,400
- Total Assets
- 9,376
- Total Debt
- 499
- Net Working Capital
- 1,654
- Contingent Liabilities
- 108
- Book Value per Share
- 153.64
- Face Value
- 1.00
- Total Debt
- 499
- Net Working Capital
- 1,654
- Contingent Liabilities
- 108
- Book Value per Share
- 153.64
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 36
- 6,949
- 500
- Trade Payables
- 1,211
- 2,929
- Total Liabilities
- 11,624
- 5,489
- Capital Work in Progress
- 254
- 1,385
- 2,289
- 51
- Cash & Bank
- 283
- 1,873
- Total Assets
- 11,624
- Total Debt
- 500
- Net Working Capital
- 847
- Contingent Liabilities
- 98
- Book Value per Share
- 196.47
- Face Value
- 1.00
- Total Debt
- 500
- Net Working Capital
- 847
- Contingent Liabilities
- 98
- Book Value per Share
- 196.47
- Face Value
- 1.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 102 | 77 | 21 | 361 | 285 | 58 | 595 | 1,349 | 1,661 | 2,668 | |
| Cash from Investing | -44 | -4 | -37 | -816 | 16 | 56 | -103 | -508 | -924 | -1,578 |
| Cash from Financing | -51 | -74 | 37 | 452 | -283 | -108 | -491 | -629 | -694 | -1,148 |
| 7 | -1 | 21 | -2 | 18 | 6 | 1 | 211 | 44 | -58 | |
| Free Cash Flow | 89 | -12 | -134 | -1,887 | -318 | -1,821 | 405 | 1,349 | -533 | -267 |
| OCF / Net Profit | 1.75 | 0.88 | 0.22 | 3.41 | -1.57 | 1.68 | 1.51 | 0.91 | 1.08 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,262 | -4,172 | -3,755 | -2,272 | -919 | -868 |
| OCF / Net Profit | 1.75 | 0.88 | 0.22 | 3.41 | -1.57 | 1.68 | 1.51 | 0.91 | 1.08 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,262 | -4,172 | -3,755 | -2,272 | -919 | -868 |
Mar 2017
- 102
- Cash from Investing
- -44
- Cash from Financing
- -51
- 7
- Free Cash Flow
- 89
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
Mar 2018
- 77
- Cash from Investing
- -4
- Cash from Financing
- -74
- -1
- Free Cash Flow
- -12
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
Mar 2019
- 21
- Cash from Investing
- -37
- Cash from Financing
- 37
- 21
- Free Cash Flow
- -134
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
Mar 2020
- 361
- Cash from Investing
- -816
- Cash from Financing
- 452
- -2
- Free Cash Flow
- -1,887
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.41
- Cumulative 5-Year FCF
- 0
Mar 2021
- 285
- Cash from Investing
- 16
- Cash from Financing
- -283
- 18
- Free Cash Flow
- -318
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- -2,262
- OCF / Net Profit
- -1.57
- Cumulative 5-Year FCF
- -2,262
Mar 2022
- 58
- Cash from Investing
- 56
- Cash from Financing
- -108
- 6
- Free Cash Flow
- -1,821
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- -4,172
- OCF / Net Profit
- 1.68
- Cumulative 5-Year FCF
- -4,172
Mar 2023
- 595
- Cash from Investing
- -103
- Cash from Financing
- -491
- 1
- Free Cash Flow
- 405
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- -3,755
- OCF / Net Profit
- 1.51
- Cumulative 5-Year FCF
- -3,755
Mar 2024
- 1,349
- Cash from Investing
- -508
- Cash from Financing
- -629
- 211
- Free Cash Flow
- 1,349
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- -2,272
- OCF / Net Profit
- 0.91
- Cumulative 5-Year FCF
- -2,272
Mar 2025
- 1,661
- Cash from Investing
- -924
- Cash from Financing
- -694
- 44
- Free Cash Flow
- -533
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- -919
- OCF / Net Profit
- 1.08
- Cumulative 5-Year FCF
- -919
Mar 2026
- 2,668
- Cash from Investing
- -1,578
- Cash from Financing
- -1,148
- -58
- Free Cash Flow
- -267
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- -868
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- -868
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 2.55 | 2.62 | 2.92 | 3.46 | -4.11 | 2.98 | 12.51 | 41.82 | 43.51 | 48.37 |
| Book Value (₹) | 46.58 | 48.01 | 49.55 | 67.17 | 65.06 | 66.50 | 73.01 | 114.42 | 153.64 | 196.47 |
| Dividend per Share (₹) | 1.00 | 1.15 | 1.30 | 1.00 | 0.60 | 1.70 | 2.20 | 3.20 | 5.00 | 6.00 |
| Cash EPS (₹) | 2.01 | 2.66 | 2.94 | 6.62 | 1.43 | 6.48 | 16.64 | 40.29 | 45.56 | 57.81 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.27% | 11.02% | 9.84% | 18.63% | 13.62% | 15.72% | 15.39% | 14.78% | 15.32% | 17.48% |
| Net Margin % | 3.04% | 3.71% | 3.31% | 2.80% | -6.40% | 0.71% | 4.41% | 11.08% | 8.34% | 8.05% |
| ROE % | 3.89% | 5.54% | 5.85% | 5.25% | -7.71% | 1.48% | 15.87% | 44.35% | 32.20% | 27.66% |
| ROCE % | 7.74% | 9.70% | 10.62% | 17.74% | 2.11% | 15.93% | 32.28% | 59.75% | 42.36% | 36.73% |
| 2.68% | 3.82% | 3.88% | 2.66% | -3.29% | 0.52% | 5.07% | 19.66% | 18.62% | 16.39% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 2 | 1 | 1 |
| Inventory Days | 55 | 51 | 54 | 53 | 67 | 48 | 46 | 40 | 36 | 37 |
| Payable Days | 69 | 67 | 63 | 53 | 68 | 48 | 34 | 33 | 32 | 35 |
| -12 | -15 | -8 | 2 | 1 | 2 | 13 | 9 | 5 | 3 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.25x | 0.25x | 0.30x | 0.13x | 0.13x | 0.21x | 0.19x | 0.12x | 0.09x | 0.07x |
| Interest Coverage (x) | 3.23x | 4.35x | 4.33x | 1.63x | 0.21x | 1.34x | 2.35x | 6.22x | 11.14x | 10.61x |
| 1.03x | 1.04x | 1.53x | 3.48x | 1.85x | 2.72x | 2.17x | 2.01x | 1.82x | 1.26x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.04% | 19.04% | 21.91% | 32.53% | -25.62% | 73.47% | 83.24% | 50.15% | 38.46% | 17.16% |
| Operating Profit Growth % | 23.54% | 30.62% | 9.20% | 150.00% | -45.38% | 99.46% | 78.68% | 64.44% | 34.45% | 26.79% |
| Net Profit Growth % | 0.09% | 48.38% | 8.96% | 11.75% | -270.91% | 119.10% | 1037.66% | 275.34% | 3.85% | 12.18% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 234.39% | 4.03% | 11.18% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 62.94x | 122.07x | 68.11x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 34.51x | 34.57x | 16.77x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.09% | 0.18% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 62.20x | 62.19x | 30.46x |
Mar 2017
- EPS (₹)
- 2.55
- Book Value (₹)
- 46.58
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 2.01
- Operating Margin %
- 10.27%
- Net Margin %
- 3.04%
- ROE %
- 3.89%
- ROCE %
- 7.74%
- 2.68%
- Debtor Days
- 2
- Inventory Days
- 55
- Payable Days
- 69
- -12
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 3.23x
- 1.03x
- Revenue Growth %
- 14.04%
- Operating Profit Growth %
- 23.54%
- Net Profit Growth %
- 0.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.62
- Book Value (₹)
- 48.01
- Dividend per Share (₹)
- 1.15
- Cash EPS (₹)
- 2.66
- Operating Margin %
- 11.02%
- Net Margin %
- 3.71%
- ROE %
- 5.54%
- ROCE %
- 9.70%
- 3.82%
- Debtor Days
- 2
- Inventory Days
- 51
- Payable Days
- 67
- -15
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 4.35x
- 1.04x
- Revenue Growth %
- 19.04%
- Operating Profit Growth %
- 30.62%
- Net Profit Growth %
- 48.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 2.92
- Book Value (₹)
- 49.55
- Dividend per Share (₹)
- 1.30
- Cash EPS (₹)
- 2.94
- Operating Margin %
- 9.84%
- Net Margin %
- 3.31%
- ROE %
- 5.85%
- ROCE %
- 10.62%
- 3.88%
- Debtor Days
- 2
- Inventory Days
- 54
- Payable Days
- 63
- -8
- Debt to Equity (x)
- 0.30x
- Interest Coverage (x)
- 4.33x
- 1.53x
- Revenue Growth %
- 21.91%
- Operating Profit Growth %
- 9.20%
- Net Profit Growth %
- 8.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 3.46
- Book Value (₹)
- 67.17
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 6.62
- Operating Margin %
- 18.63%
- Net Margin %
- 2.80%
- ROE %
- 5.25%
- ROCE %
- 17.74%
- 2.66%
- Debtor Days
- 2
- Inventory Days
- 53
- Payable Days
- 53
- 2
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 1.63x
- 3.48x
- Revenue Growth %
- 32.53%
- Operating Profit Growth %
- 150.00%
- Net Profit Growth %
- 11.75%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -4.11
- Book Value (₹)
- 65.06
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 1.43
- Operating Margin %
- 13.62%
- Net Margin %
- -6.40%
- ROE %
- -7.71%
- ROCE %
- 2.11%
- -3.29%
- Debtor Days
- 2
- Inventory Days
- 67
- Payable Days
- 68
- 1
- Debt to Equity (x)
- 0.13x
- Interest Coverage (x)
- 0.21x
- 1.85x
- Revenue Growth %
- -25.62%
- Operating Profit Growth %
- -45.38%
- Net Profit Growth %
- -270.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 2.98
- Book Value (₹)
- 66.50
- Dividend per Share (₹)
- 1.70
- Cash EPS (₹)
- 6.48
- Operating Margin %
- 15.72%
- Net Margin %
- 0.71%
- ROE %
- 1.48%
- ROCE %
- 15.93%
- 0.52%
- Debtor Days
- 1
- Inventory Days
- 48
- Payable Days
- 48
- 2
- Debt to Equity (x)
- 0.21x
- Interest Coverage (x)
- 1.34x
- 2.72x
- Revenue Growth %
- 73.47%
- Operating Profit Growth %
- 99.46%
- Net Profit Growth %
- 119.10%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 12.51
- Book Value (₹)
- 73.01
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 16.64
- Operating Margin %
- 15.39%
- Net Margin %
- 4.41%
- ROE %
- 15.87%
- ROCE %
- 32.28%
- 5.07%
- Debtor Days
- 1
- Inventory Days
- 46
- Payable Days
- 34
- 13
- Debt to Equity (x)
- 0.19x
- Interest Coverage (x)
- 2.35x
- 2.17x
- Revenue Growth %
- 83.24%
- Operating Profit Growth %
- 78.68%
- Net Profit Growth %
- 1037.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 41.82
- Book Value (₹)
- 114.42
- Dividend per Share (₹)
- 3.20
- Cash EPS (₹)
- 40.29
- Operating Margin %
- 14.78%
- Net Margin %
- 11.08%
- ROE %
- 44.35%
- ROCE %
- 59.75%
- 19.66%
- Debtor Days
- 2
- Inventory Days
- 40
- Payable Days
- 33
- 9
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 6.22x
- 2.01x
- Revenue Growth %
- 50.15%
- Operating Profit Growth %
- 64.44%
- Net Profit Growth %
- 275.34%
- 234.39%
- P/E (x)
- 62.94x
- P/B (x)
- 34.51x
- Dividend Yield %
- 0.08%
- 62.20x
Mar 2025
- EPS (₹)
- 43.51
- Book Value (₹)
- 153.64
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 45.56
- Operating Margin %
- 15.32%
- Net Margin %
- 8.34%
- ROE %
- 32.20%
- ROCE %
- 42.36%
- 18.62%
- Debtor Days
- 1
- Inventory Days
- 36
- Payable Days
- 32
- 5
- Debt to Equity (x)
- 0.09x
- Interest Coverage (x)
- 11.14x
- 1.82x
- Revenue Growth %
- 38.46%
- Operating Profit Growth %
- 34.45%
- Net Profit Growth %
- 3.85%
- 4.03%
- P/E (x)
- 122.07x
- P/B (x)
- 34.57x
- Dividend Yield %
- 0.09%
- 62.19x
Mar 2026
- EPS (₹)
- 48.37
- Book Value (₹)
- 196.47
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 57.81
- Operating Margin %
- 17.48%
- Net Margin %
- 8.05%
- ROE %
- 27.66%
- ROCE %
- 36.73%
- 16.39%
- Debtor Days
- 1
- Inventory Days
- 37
- Payable Days
- 35
- 3
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 10.61x
- 1.26x
- Revenue Growth %
- 17.16%
- Operating Profit Growth %
- 26.79%
- Net Profit Growth %
- 12.18%
- 11.18%
- P/E (x)
- 68.11x
- P/B (x)
- 16.77x
- Dividend Yield %
- 0.18%
- 30.46x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-10 - Trent Limited has informed the Exchange about Copy of Newspaper Publication on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June 2026
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-07 - Trent Limited has informed the Exchange about Intimation of schedule of Analyst / Institutional Investors Meeting
Annual Reports
Credit Ratings
- Credit Rating
2026-05-05 - Trent Limited has informed the Exchange about Credit Rating
- Credit Rating- New
2025-12-19 - Trent Limited has informed the Exchange about Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )