Trent Ltd.
•₹ 2,924-1.55%
2026-08-21
PROS
- Company is almost debt free
- Company has a healthy return on capital (ROCE) of 43.2%
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.5%
- Company has delivered good sales growth of 57.3% CAGR over last 5 years
- Latest quarter profit grew 25.8% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.13x)
CONS
- Stock is trading at 15.2x its book value
- Recurring exceptional / one-off items are inflating headline profit
- Though reporting repeated profits, the company pays out little dividend (10.8%)
- Rich enterprise valuation - EV/EBITDA of 28.8x
* 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
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,536 | 2,891 | 3,312 | 3,187 | 3,992 | 4,036 | 4,535 | 4,106 | 4,781 | 4,724 | 5,259 | 4,937 | 5,666 | |
| 2,171 | 2,430 | 2,689 | 2,710 | 3,381 | 3,392 | 3,692 | 3,450 | 3,944 | 3,911 | 4,186 | 4,018 | 4,995 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 50 | 151 | 77 | 73 | 45 | 136 | 51 | 97 | 41 | 119 | 153 | 61 | 30 |
| Interest | 89 | 92 | 96 | 32 | 31 | 32 | 36 | 37 | 40 | 41 | 42 | 42 | 45 |
| Depreciation | 133 | 145 | 158 | 203 | 176 | 192 | 239 | 263 | 284 | 315 | 354 | 362 | 394 |
| 193 | 375 | 447 | 859 | 450 | 555 | 618 | 453 | 555 | 576 | 804 | 576 | 702 | |
| Tax % | 23.10% | 22.71% | 23.08% | 23.84% | 23.89% | 23.76% | 24.10% | 22.80% | 23.88% | 21.73% | 20.44% | 21.11% | 24.23% |
| Net Profit | 148 | 290 | 344 | 654 | 342 | 423 | 469 | 350 | 423 | 451 | 640 | 455 | 532 |
| 4 | 8 | 10 | 18 | 10 | 12 | 13 | 10 | 12 | 13 | 18 | 13 | 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 | 7,973 |
| 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 | 7,973 |
| 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
- 2,536
- 2,171
- Operating Profit
- —
- OPM %
- —
- Other Income
- 50
- Interest
- 89
- Depreciation
- 133
- 193
- Tax %
- 23.10%
- Net Profit
- 148
- 4
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 2,891
- 2,430
- Operating Profit
- —
- OPM %
- —
- Other Income
- 151
- Interest
- 92
- Depreciation
- 145
- 375
- Tax %
- 22.71%
- Net Profit
- 290
- 8
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 3,312
- 2,689
- Operating Profit
- —
- OPM %
- —
- Other Income
- 77
- Interest
- 96
- Depreciation
- 158
- 447
- Tax %
- 23.08%
- Net Profit
- 344
- 10
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 3,187
- 2,710
- Operating Profit
- —
- OPM %
- —
- Other Income
- 73
- Interest
- 32
- Depreciation
- 203
- 859
- Tax %
- 23.84%
- Net Profit
- 654
- 18
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 3,992
- 3,381
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 31
- Depreciation
- 176
- 450
- Tax %
- 23.89%
- Net Profit
- 342
- 10
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 4,036
- 3,392
- Operating Profit
- —
- OPM %
- —
- Other Income
- 136
- Interest
- 32
- Depreciation
- 192
- 555
- Tax %
- 23.76%
- Net Profit
- 423
- 12
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 4,535
- 3,692
- Operating Profit
- —
- OPM %
- —
- Other Income
- 51
- Interest
- 36
- Depreciation
- 239
- 618
- Tax %
- 24.10%
- Net Profit
- 469
- 13
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 4,106
- 3,450
- Operating Profit
- —
- OPM %
- —
- Other Income
- 97
- Interest
- 37
- Depreciation
- 263
- 453
- Tax %
- 22.80%
- Net Profit
- 350
- 10
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 4,781
- 3,944
- Operating Profit
- —
- OPM %
- —
- Other Income
- 41
- Interest
- 40
- Depreciation
- 284
- 555
- Tax %
- 23.88%
- Net Profit
- 423
- 12
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 4,724
- 3,911
- Operating Profit
- —
- OPM %
- —
- Other Income
- 119
- Interest
- 41
- Depreciation
- 315
- 576
- Tax %
- 21.73%
- Net Profit
- 451
- 13
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 5,259
- 4,186
- Operating Profit
- —
- OPM %
- —
- Other Income
- 153
- Interest
- 42
- Depreciation
- 354
- 804
- Tax %
- 20.44%
- Net Profit
- 640
- 18
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 4,937
- 4,018
- Operating Profit
- —
- OPM %
- —
- Other Income
- 61
- Interest
- 42
- Depreciation
- 362
- 576
- Tax %
- 21.11%
- Net Profit
- 455
- 13
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 36
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 5,666
- 4,995
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 45
- Depreciation
- 394
- 702
- Tax %
- 24.23%
- Net Profit
- 532
- 1
- Equity Capital
- 53
- Reserves
- 7,973
- Promoter Pledge %
- 0.00%
- Equity Capital
- 53
- Reserves
- 7,973
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,717 | 2,066 | 2,532 | 3,178 | 2,048 | 3,881 | 7,715 | 11,927 | 16,668 | 19,701 | 20,586 | |
| 1,583 | 1,852 | 2,282 | 2,603 | 1,835 | 3,231 | 6,560 | 9,954 | 13,856 | 15,997 | 17,109 | |
| Operating Profit | 193 | 257 | 286 | 731 | 417 | 929 | 1,567 | 2,323 | 3,141 | 4,079 | — |
| OPM % | 11 | 12 | 11 | 23 | 20 | 24 | 20 | 19 | 19 | 21 | — |
| Other Income | 59 | 43 | 37 | 157 | 204 | 279 | 412 | 351 | 329 | 374 | 364 |
| Interest | 45 | 43 | 50 | 254 | 247 | 310 | 393 | 355 | 195 | 226 | 170 |
| Depreciation | 38 | 42 | 46 | 231 | 236 | 283 | 463 | 639 | 870 | 1,316 | 1,426 |
| 135 | 172 | 189 | 246 | -72 | 323 | 711 | 1,873 | 2,077 | 2,512 | 2,658 | |
| Tax % | 21 | 32 | 33 | 37 | 29 | 23 | 22 | 23 | 24 | 22 | 22 |
| Net Profit | 107 | 117 | 127 | 155 | -51 | 250 | 555 | 1,436 | 1,585 | 1,968 | 2,077 |
| EPS | 3 | 4 | 4 | 4 | -1 | 7 | 16 | 40 | 45 | 55 | — |
| Dividend Payout % | 31 | 33 | 34 | 23 | -42 | 24 | 14 | 8 | 11 | 11 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 3 | 3 | -1 | 5 | 10 | 27 | 30 | 37 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 3 | 3 | -1 | 5 | 10 | 27 | 30 | 37 | — |
Mar 2017
- 1,717
- 1,583
- Operating Profit
- 193
- OPM %
- 11
- Other Income
- 59
- Interest
- 45
- Depreciation
- 38
- 135
- Tax %
- 21
- Net Profit
- 107
- EPS
- 3
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 2,066
- 1,852
- Operating Profit
- 257
- OPM %
- 12
- Other Income
- 43
- Interest
- 43
- Depreciation
- 42
- 172
- Tax %
- 32
- Net Profit
- 117
- EPS
- 4
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 2,532
- 2,282
- Operating Profit
- 286
- OPM %
- 11
- Other Income
- 37
- Interest
- 50
- Depreciation
- 46
- 189
- Tax %
- 33
- Net Profit
- 127
- EPS
- 4
- Dividend Payout %
- 34
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2020
- 3,178
- 2,603
- Operating Profit
- 731
- OPM %
- 23
- Other Income
- 157
- Interest
- 254
- Depreciation
- 231
- 246
- Tax %
- 37
- Net Profit
- 155
- EPS
- 4
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2021
- 2,048
- 1,835
- Operating Profit
- 417
- OPM %
- 20
- Other Income
- 204
- Interest
- 247
- Depreciation
- 236
- -72
- Tax %
- 29
- Net Profit
- -51
- EPS
- -1
- Dividend Payout %
- -42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 3,881
- 3,231
- Operating Profit
- 929
- OPM %
- 24
- Other Income
- 279
- Interest
- 310
- Depreciation
- 283
- 323
- Tax %
- 23
- Net Profit
- 250
- EPS
- 7
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2023
- 7,715
- 6,560
- Operating Profit
- 1,567
- OPM %
- 20
- Other Income
- 412
- Interest
- 393
- Depreciation
- 463
- 711
- Tax %
- 22
- Net Profit
- 555
- EPS
- 16
- Dividend Payout %
- 14
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2024
- 11,927
- 9,954
- Operating Profit
- 2,323
- OPM %
- 19
- Other Income
- 351
- Interest
- 355
- Depreciation
- 639
- 1,873
- Tax %
- 23
- Net Profit
- 1,436
- EPS
- 40
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 27
Mar 2025
- 16,668
- 13,856
- Operating Profit
- 3,141
- OPM %
- 19
- Other Income
- 329
- Interest
- 195
- Depreciation
- 870
- 2,077
- Tax %
- 24
- Net Profit
- 1,585
- EPS
- 45
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
Mar 2026
- 19,701
- 15,997
- Operating Profit
- 4,079
- OPM %
- 21
- Other Income
- 374
- Interest
- 226
- Depreciation
- 1,316
- 2,512
- Tax %
- 22
- Net Profit
- 1,968
- EPS
- 55
- Dividend Payout %
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 37
TTM
- 20,586
- 17,109
- Operating Profit
- —
- OPM %
- —
- Other Income
- 364
- Interest
- 170
- Depreciation
- 1,426
- 2,658
- Tax %
- 22
- Net Profit
- 2,077
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 29%
- 5 Years:
- 57%
- 3 Years:
- 37%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 37%
- 5 Years:
- —
- 3 Years:
- 53%
STOCK PRICE CAGR
- 10 Years:
- 37%
- 5 Years:
- 38%
- 3 Years:
- 31%
- 1 Year:
- -18%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 25%
- 3 Years:
- 33%
- Last Year:
- 29%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,508 | 1,584 | 1,664 | 2,463 | 2,480 | 2,684 | 3,044 | 4,412 | 5,879 | 7,667 | |
| 191 | 292 | 95 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | |
| Trade Payables | 156 | 195 | 229 | 256 | 220 | 314 | 644 | 752 | 930 | 1,220 |
| 289 | 208 | 533 | 2,533 | 2,864 | 4,655 | 4,444 | 2,203 | 2,809 | 2,735 | |
| Total Liabilities | 2,177 | 2,312 | 2,553 | 5,288 | 5,599 | 7,690 | 8,167 | 7,403 | 9,653 | 12,158 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 456 | 545 | 595 | 2,589 | 2,895 | 4,480 | 4,339 | 2,373 | 3,634 | 5,102 | |
| Capital Work in Progress | 5 | 10 | 85 | 23 | 34 | 45 | 42 | 161 | 118 | 193 |
| 1,113 | 1,052 | 941 | 1,607 | 1,729 | 1,724 | 1,648 | 1,902 | 2,136 | 2,307 | |
| 298 | 339 | 489 | 587 | 395 | 822 | 1,337 | 1,565 | 2,028 | 2,269 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79 | 60 | 71 | |
| Cash & Bank | 32 | 30 | 51 | 44 | 67 | 74 | 79 | 286 | 323 | 264 |
| 273 | 336 | 392 | 438 | 479 | 544 | 723 | 1,036 | 1,355 | 1,952 | |
| Total Assets | 2,177 | 2,312 | 2,553 | 5,288 | 5,599 | 7,690 | 8,167 | 7,403 | 9,653 | 12,158 |
| Total Debt | 392 | 391 | 494 | 300 | 300 | 497 | 498 | 499 | 499 | 500 |
| Net Working Capital | -11 | 7 | 286 | 1,115 | 633 | 1,037 | 1,172 | 1,442 | 1,509 | 728 |
| Contingent Liabilities | 63 | 27 | 58 | 52 | 86 | 93 | 56 | 57 | 57 | 45 |
| Book Value per Share | 46.37 | 48.67 | 51.06 | 70.30 | 70.77 | 76.51 | 86.64 | 125.10 | 166.37 | 216.68 |
| 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 | -11 | 7 | 286 | 1,115 | 633 | 1,037 | 1,172 | 1,442 | 1,509 | 728 |
| Contingent Liabilities | 63 | 27 | 58 | 52 | 86 | 93 | 56 | 57 | 57 | 45 |
| Book Value per Share | 46.37 | 48.67 | 51.06 | 70.30 | 70.77 | 76.51 | 86.64 | 125.10 | 166.37 | 216.68 |
| 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
- 1,508
- 191
- Trade Payables
- 156
- 289
- Total Liabilities
- 2,177
- 456
- Capital Work in Progress
- 5
- 1,113
- 298
- 0
- Cash & Bank
- 32
- 273
- Total Assets
- 2,177
- Total Debt
- 392
- Net Working Capital
- -11
- Contingent Liabilities
- 63
- Book Value per Share
- 46.37
- Face Value
- 1.00
- Total Debt
- 392
- Net Working Capital
- -11
- Contingent Liabilities
- 63
- Book Value per Share
- 46.37
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 33
- 1,584
- 292
- Trade Payables
- 195
- 208
- Total Liabilities
- 2,312
- 545
- Capital Work in Progress
- 10
- 1,052
- 339
- 0
- Cash & Bank
- 30
- 336
- Total Assets
- 2,312
- Total Debt
- 391
- Net Working Capital
- 7
- Contingent Liabilities
- 27
- Book Value per Share
- 48.67
- Face Value
- 1.00
- Total Debt
- 391
- Net Working Capital
- 7
- Contingent Liabilities
- 27
- Book Value per Share
- 48.67
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 33
- 1,664
- 95
- Trade Payables
- 229
- 533
- Total Liabilities
- 2,553
- 595
- Capital Work in Progress
- 85
- 941
- 489
- 0
- Cash & Bank
- 51
- 392
- Total Assets
- 2,553
- Total Debt
- 494
- Net Working Capital
- 286
- Contingent Liabilities
- 58
- Book Value per Share
- 51.06
- Face Value
- 1.00
- Total Debt
- 494
- Net Working Capital
- 286
- Contingent Liabilities
- 58
- Book Value per Share
- 51.06
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 36
- 2,463
- 0
- Trade Payables
- 256
- 2,533
- Total Liabilities
- 5,288
- 2,589
- Capital Work in Progress
- 23
- 1,607
- 587
- 0
- Cash & Bank
- 44
- 438
- Total Assets
- 5,288
- Total Debt
- 300
- Net Working Capital
- 1,115
- Contingent Liabilities
- 52
- Book Value per Share
- 70.30
- Face Value
- 1.00
- Total Debt
- 300
- Net Working Capital
- 1,115
- Contingent Liabilities
- 52
- Book Value per Share
- 70.30
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 36
- 2,480
- 0
- Trade Payables
- 220
- 2,864
- Total Liabilities
- 5,599
- 2,895
- Capital Work in Progress
- 34
- 1,729
- 395
- 0
- Cash & Bank
- 67
- 479
- Total Assets
- 5,599
- Total Debt
- 300
- Net Working Capital
- 633
- Contingent Liabilities
- 86
- Book Value per Share
- 70.77
- Face Value
- 1.00
- Total Debt
- 300
- Net Working Capital
- 633
- Contingent Liabilities
- 86
- Book Value per Share
- 70.77
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 36
- 2,684
- 0
- Trade Payables
- 314
- 4,655
- Total Liabilities
- 7,690
- 4,480
- Capital Work in Progress
- 45
- 1,724
- 822
- 0
- Cash & Bank
- 74
- 544
- Total Assets
- 7,690
- Total Debt
- 497
- Net Working Capital
- 1,037
- Contingent Liabilities
- 93
- Book Value per Share
- 76.51
- Face Value
- 1.00
- Total Debt
- 497
- Net Working Capital
- 1,037
- Contingent Liabilities
- 93
- Book Value per Share
- 76.51
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 36
- 3,044
- 0
- Trade Payables
- 644
- 4,444
- Total Liabilities
- 8,167
- 4,339
- Capital Work in Progress
- 42
- 1,648
- 1,337
- 0
- Cash & Bank
- 79
- 723
- Total Assets
- 8,167
- Total Debt
- 498
- Net Working Capital
- 1,172
- Contingent Liabilities
- 56
- Book Value per Share
- 86.64
- Face Value
- 1.00
- Total Debt
- 498
- Net Working Capital
- 1,172
- Contingent Liabilities
- 56
- Book Value per Share
- 86.64
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 36
- 4,412
- 0
- Trade Payables
- 752
- 2,203
- Total Liabilities
- 7,403
- 2,373
- Capital Work in Progress
- 161
- 1,902
- 1,565
- 79
- Cash & Bank
- 286
- 1,036
- Total Assets
- 7,403
- Total Debt
- 499
- Net Working Capital
- 1,442
- Contingent Liabilities
- 57
- Book Value per Share
- 125.10
- Face Value
- 1.00
- Total Debt
- 499
- Net Working Capital
- 1,442
- Contingent Liabilities
- 57
- Book Value per Share
- 125.10
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 36
- 5,879
- 0
- Trade Payables
- 930
- 2,809
- Total Liabilities
- 9,653
- 3,634
- Capital Work in Progress
- 118
- 2,136
- 2,028
- 60
- Cash & Bank
- 323
- 1,355
- Total Assets
- 9,653
- Total Debt
- 499
- Net Working Capital
- 1,509
- Contingent Liabilities
- 57
- Book Value per Share
- 166.37
- Face Value
- 1.00
- Total Debt
- 499
- Net Working Capital
- 1,509
- Contingent Liabilities
- 57
- Book Value per Share
- 166.37
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 36
- 7,667
- 500
- Trade Payables
- 1,220
- 2,735
- Total Liabilities
- 12,158
- 5,102
- Capital Work in Progress
- 193
- 2,307
- 2,269
- 71
- Cash & Bank
- 264
- 1,952
- Total Assets
- 12,158
- Total Debt
- 500
- Net Working Capital
- 728
- Contingent Liabilities
- 45
- Book Value per Share
- 216.68
- Face Value
- 1.00
- Total Debt
- 500
- Net Working Capital
- 728
- Contingent Liabilities
- 45
- Book Value per Share
- 216.68
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 103 | 28 | 369 | 324 | 149 | 663 | 1,348 | 1,668 | 2,630 | |
| Cash from Investing | -11 | -30 | -46 | -757 | -39 | -6 | -143 | -499 | -857 | -1,563 |
| Cash from Financing | -47 | -74 | 38 | 382 | -262 | -136 | -515 | -642 | -773 | -1,126 |
| 6 | -1 | 21 | -7 | 23 | 7 | 5 | 207 | 38 | -60 | |
| Free Cash Flow | 50 | -11 | -121 | -1,756 | -181 | -1,669 | 474 | 1,348 | -275 | -133 |
| OCF / Net Profit | 0.60 | 0.88 | 0.22 | 2.38 | -6.36 | 0.60 | 1.20 | 0.94 | 1.05 | 1.34 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,019 | -3,738 | -3,253 | -1,783 | -302 | -255 |
| OCF / Net Profit | 0.60 | 0.88 | 0.22 | 2.38 | -6.36 | 0.60 | 1.20 | 0.94 | 1.05 | 1.34 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -2,019 | -3,738 | -3,253 | -1,783 | -302 | -255 |
Mar 2017
- 64
- Cash from Investing
- -11
- Cash from Financing
- -47
- 6
- Free Cash Flow
- 50
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- 0
Mar 2018
- 103
- Cash from Investing
- -30
- Cash from Financing
- -74
- -1
- Free Cash Flow
- -11
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
Mar 2019
- 28
- Cash from Investing
- -46
- Cash from Financing
- 38
- 21
- Free Cash Flow
- -121
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
Mar 2020
- 369
- Cash from Investing
- -757
- Cash from Financing
- 382
- -7
- Free Cash Flow
- -1,756
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.38
- Cumulative 5-Year FCF
- 0
Mar 2021
- 324
- Cash from Investing
- -39
- Cash from Financing
- -262
- 23
- Free Cash Flow
- -181
- OCF / Net Profit
- -6.36
- Cumulative 5-Year FCF
- -2,019
- OCF / Net Profit
- -6.36
- Cumulative 5-Year FCF
- -2,019
Mar 2022
- 149
- Cash from Investing
- -6
- Cash from Financing
- -136
- 7
- Free Cash Flow
- -1,669
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- -3,738
- OCF / Net Profit
- 0.60
- Cumulative 5-Year FCF
- -3,738
Mar 2023
- 663
- Cash from Investing
- -143
- Cash from Financing
- -515
- 5
- Free Cash Flow
- 474
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- -3,253
- OCF / Net Profit
- 1.20
- Cumulative 5-Year FCF
- -3,253
Mar 2024
- 1,348
- Cash from Investing
- -499
- Cash from Financing
- -642
- 207
- Free Cash Flow
- 1,348
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- -1,783
- OCF / Net Profit
- 0.94
- Cumulative 5-Year FCF
- -1,783
Mar 2025
- 1,668
- Cash from Investing
- -857
- Cash from Financing
- -773
- 38
- Free Cash Flow
- -275
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -302
- OCF / Net Profit
- 1.05
- Cumulative 5-Year FCF
- -302
Mar 2026
- 2,630
- Cash from Investing
- -1,563
- Cash from Financing
- -1,126
- -60
- Free Cash Flow
- -133
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- -255
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- -255
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.22 | 3.51 | 3.84 | 4.35 | -1.44 | 7.02 | 15.60 | 40.39 | 44.58 | 55.35 |
| Book Value (₹) | 46.37 | 48.67 | 51.06 | 70.30 | 70.77 | 76.51 | 86.64 | 125.10 | 166.37 | 216.68 |
| 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 (₹) | 2.90 | 3.18 | 3.49 | 7.23 | 3.47 | 9.99 | 19.09 | 38.90 | 46.03 | 61.58 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.56% | 11.41% | 10.36% | 21.22% | 18.88% | 22.16% | 18.81% | 15.38% | 15.73% | 17.67% |
| Net Margin % | 5.85% | 5.19% | 4.62% | 4.49% | -2.31% | 5.96% | 6.66% | 11.19% | 8.87% | 9.39% |
| ROE % | 7.19% | 7.39% | 7.69% | 7.37% | -2.03% | 9.54% | 19.12% | 38.15% | 30.59% | 28.90% |
| ROCE % | 9.57% | 10.90% | 11.39% | 20.03% | 6.23% | 20.97% | 32.49% | 52.29% | 40.00% | 37.46% |
| 5.03% | 5.20% | 5.24% | 3.94% | -0.94% | 3.76% | 6.99% | 18.44% | 18.58% | 18.04% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 1 | 1 | 2 | 1 | 3 | 2 | 1 | 2 | 1 | 1 |
| Inventory Days | 57 | 52 | 55 | 57 | 81 | 53 | 47 | 41 | 37 | 37 |
| Payable Days | 69 | 67 | 63 | 55 | 84 | 51 | 34 | 34 | 33 | 36 |
| -12 | -14 | -6 | 3 | -1 | 3 | 14 | 9 | 5 | 3 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.25x | 0.24x | 0.29x | 0.12x | 0.12x | 0.18x | 0.16x | 0.11x | 0.08x | 0.06x |
| Interest Coverage (x) | 4.01x | 4.98x | 4.78x | 1.97x | 0.71x | 2.04x | 2.81x | 6.28x | 11.65x | 12.11x |
| 0.98x | 1.01x | 1.52x | 3.62x | 1.94x | 2.85x | 2.12x | 1.96x | 1.76x | 1.23x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 15.06% | 20.37% | 22.52% | 25.52% | -35.57% | 89.53% | 98.81% | 54.59% | 39.76% | 18.20% |
| Operating Profit Growth % | 0.88% | 33.04% | 11.55% | 155.46% | -42.92% | 122.62% | 68.73% | 48.27% | 35.21% | 29.84% |
| Net Profit Growth % | 23.48% | 9.23% | 9.22% | 21.25% | -133.01% | 589.28% | 122.16% | 158.91% | 10.38% | 24.17% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 158.91% | 10.38% | 24.17% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 97.76x | 119.13x | 59.52x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 31.56x | 31.92x | 15.21x |
| 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 | 60.50x | 60.16x | 28.77x |
Mar 2017
- EPS (₹)
- 3.22
- Book Value (₹)
- 46.37
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 2.90
- Operating Margin %
- 10.56%
- Net Margin %
- 5.85%
- ROE %
- 7.19%
- ROCE %
- 9.57%
- 5.03%
- Debtor Days
- 1
- Inventory Days
- 57
- Payable Days
- 69
- -12
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 4.01x
- 0.98x
- Revenue Growth %
- 15.06%
- Operating Profit Growth %
- 0.88%
- Net Profit Growth %
- 23.48%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 3.51
- Book Value (₹)
- 48.67
- Dividend per Share (₹)
- 1.15
- Cash EPS (₹)
- 3.18
- Operating Margin %
- 11.41%
- Net Margin %
- 5.19%
- ROE %
- 7.39%
- ROCE %
- 10.90%
- 5.20%
- Debtor Days
- 1
- Inventory Days
- 52
- Payable Days
- 67
- -14
- Debt to Equity (x)
- 0.24x
- Interest Coverage (x)
- 4.98x
- 1.01x
- Revenue Growth %
- 20.37%
- Operating Profit Growth %
- 33.04%
- Net Profit Growth %
- 9.23%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 3.84
- Book Value (₹)
- 51.06
- Dividend per Share (₹)
- 1.30
- Cash EPS (₹)
- 3.49
- Operating Margin %
- 10.36%
- Net Margin %
- 4.62%
- ROE %
- 7.69%
- ROCE %
- 11.39%
- 5.24%
- Debtor Days
- 2
- Inventory Days
- 55
- Payable Days
- 63
- -6
- Debt to Equity (x)
- 0.29x
- Interest Coverage (x)
- 4.78x
- 1.52x
- Revenue Growth %
- 22.52%
- Operating Profit Growth %
- 11.55%
- Net Profit Growth %
- 9.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 4.35
- Book Value (₹)
- 70.30
- Dividend per Share (₹)
- 1.00
- Cash EPS (₹)
- 7.23
- Operating Margin %
- 21.22%
- Net Margin %
- 4.49%
- ROE %
- 7.37%
- ROCE %
- 20.03%
- 3.94%
- Debtor Days
- 1
- Inventory Days
- 57
- Payable Days
- 55
- 3
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 1.97x
- 3.62x
- Revenue Growth %
- 25.52%
- Operating Profit Growth %
- 155.46%
- Net Profit Growth %
- 21.25%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -1.44
- Book Value (₹)
- 70.77
- Dividend per Share (₹)
- 0.60
- Cash EPS (₹)
- 3.47
- Operating Margin %
- 18.88%
- Net Margin %
- -2.31%
- ROE %
- -2.03%
- ROCE %
- 6.23%
- -0.94%
- Debtor Days
- 3
- Inventory Days
- 81
- Payable Days
- 84
- -1
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 0.71x
- 1.94x
- Revenue Growth %
- -35.57%
- Operating Profit Growth %
- -42.92%
- Net Profit Growth %
- -133.01%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 7.02
- Book Value (₹)
- 76.51
- Dividend per Share (₹)
- 1.70
- Cash EPS (₹)
- 9.99
- Operating Margin %
- 22.16%
- Net Margin %
- 5.96%
- ROE %
- 9.54%
- ROCE %
- 20.97%
- 3.76%
- Debtor Days
- 2
- Inventory Days
- 53
- Payable Days
- 51
- 3
- Debt to Equity (x)
- 0.18x
- Interest Coverage (x)
- 2.04x
- 2.85x
- Revenue Growth %
- 89.53%
- Operating Profit Growth %
- 122.62%
- Net Profit Growth %
- 589.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 15.60
- Book Value (₹)
- 86.64
- Dividend per Share (₹)
- 2.20
- Cash EPS (₹)
- 19.09
- Operating Margin %
- 18.81%
- Net Margin %
- 6.66%
- ROE %
- 19.12%
- ROCE %
- 32.49%
- 6.99%
- Debtor Days
- 1
- Inventory Days
- 47
- Payable Days
- 34
- 14
- Debt to Equity (x)
- 0.16x
- Interest Coverage (x)
- 2.81x
- 2.12x
- Revenue Growth %
- 98.81%
- Operating Profit Growth %
- 68.73%
- Net Profit Growth %
- 122.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 40.39
- Book Value (₹)
- 125.10
- Dividend per Share (₹)
- 3.20
- Cash EPS (₹)
- 38.90
- Operating Margin %
- 15.38%
- Net Margin %
- 11.19%
- ROE %
- 38.15%
- ROCE %
- 52.29%
- 18.44%
- Debtor Days
- 2
- Inventory Days
- 41
- Payable Days
- 34
- 9
- Debt to Equity (x)
- 0.11x
- Interest Coverage (x)
- 6.28x
- 1.96x
- Revenue Growth %
- 54.59%
- Operating Profit Growth %
- 48.27%
- Net Profit Growth %
- 158.91%
- 158.91%
- P/E (x)
- 97.76x
- P/B (x)
- 31.56x
- Dividend Yield %
- 0.08%
- 60.50x
Mar 2025
- EPS (₹)
- 44.58
- Book Value (₹)
- 166.37
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 46.03
- Operating Margin %
- 15.73%
- Net Margin %
- 8.87%
- ROE %
- 30.59%
- ROCE %
- 40.00%
- 18.58%
- Debtor Days
- 1
- Inventory Days
- 37
- Payable Days
- 33
- 5
- Debt to Equity (x)
- 0.08x
- Interest Coverage (x)
- 11.65x
- 1.76x
- Revenue Growth %
- 39.76%
- Operating Profit Growth %
- 35.21%
- Net Profit Growth %
- 10.38%
- 10.38%
- P/E (x)
- 119.13x
- P/B (x)
- 31.92x
- Dividend Yield %
- 0.09%
- 60.16x
Mar 2026
- EPS (₹)
- 55.35
- Book Value (₹)
- 216.68
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 61.58
- Operating Margin %
- 17.67%
- Net Margin %
- 9.39%
- ROE %
- 28.90%
- ROCE %
- 37.46%
- 18.04%
- Debtor Days
- 1
- Inventory Days
- 37
- Payable Days
- 36
- 3
- Debt to Equity (x)
- 0.06x
- Interest Coverage (x)
- 12.11x
- 1.23x
- Revenue Growth %
- 18.20%
- Operating Profit Growth %
- 29.84%
- Net Profit Growth %
- 24.17%
- 24.17%
- P/E (x)
- 59.52x
- P/B (x)
- 15.21x
- Dividend Yield %
- 0.18%
- 28.77x
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 )