Trent Limited (TRENT) AI Stock Analysis

• Market Cap: ₹1.41T
• Dividend Yield: 0.12%
• Average Volume (3M): 160.31K
• Price to Earnings (P/E): 87.1
• Beta (1Y): 1.19
• Revenue Growth: 23.62%
• EPS Growth: -10.39%
• Country: IN
• Employees: 25,277
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 12.70
• Shares Outstanding: 355,487,460
• 10 Day Avg. Volume: 51,002
• 30 Day Avg. Volume: 160,306
• PEG Ratio: 31.72
• Price to Book (P/B): 36.30
• Price to Sales (P/S): 11.57
• P/FCF Ratio: 504.82
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹4,663.33
• Price Target Upside: -3.06% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: ₹4,372.00 ▼(-9.12% Downside)

The score is primarily supported by strong financial performance (growth, profitability improvement, and healthy cash generation). It is meaningfully constrained by weak technicals (price below key moving averages with negative MACD) and expensive valuation (very high P/E with minimal dividend yield).

Positive Factors

Revenue Growth

Sustained multi-year revenue expansion demonstrates durable market penetration and scale across stores and digital channels. This volumetric growth supports bargaining power with suppliers, funds reinvestment for store rollouts and omnichannel capabilities, and underpins medium-term expansion plans.

Margin Improvement

Improving gross and EBIT margins reflect structural gains in sourcing, pricing and operational efficiencies across the brand portfolio. Higher margins enhance resilience to input cost swings and enable reinvestment in marketing and stores, supporting margin sustainability over the next several quarters.

Cash Generation

Consistent operating cash flow exceeding net income and positive free cash flow indicate robust cash conversion and disciplined capex. This generates internal funding for expansion, inventory cycles and working capital needs, reducing reliance on external financing and supporting long-term strategy execution.

Negative Factors

Moderate Equity Ratio

A moderate equity ratio suggests the company has scope to better optimize capital structure and asset use. Over months, suboptimal asset utilization can limit return on invested capital and constrain margin expansion unless management improves working capital efficiency or capital allocation.

EPS Growth Decline

Negative EPS growth despite rising revenues signals per-share earnings pressure, which may stem from dilution, non-operating items or cost timing differences. Persisting EPS weakness can undermine shareholder returns and suggests management must address per-share profitability drivers over the medium term.

Concentration in Apparel Retail

High exposure to apparel and fashion makes the business cyclical and sensitive to consumer discretionary demand, seasonality and fashion trends. Structural reliance on discretionary spending increases revenue and margin volatility versus more diversified retailers over a 2-6 month horizon.

Trent Limited Business Overview & Revenue Model

Company Description

Trent Limited, together with its subsidiaries, operates a chain of retail stores primarily under the Westside brand in India. The company's Westside stores provides women's wear, men's wear, kids' wear, footwear, innerwear, beauty, accessories, and home furniture products. It also operates hypermarket and supermarket stores under the Star Market brand, which offer food and groceries, home care, apparel, home decor, health and beauty products, and non-vegetarian products. In addition, the company provides lifestyle products, including toys, frontlist books, and sports merchandise under the Landmark brand. Further, it offers apparels and footwear for men, women, and children under the Zudio brand; and ethnic apparels, beauty products, and accessories under the Utsa brand. As of March 31, 2022, the company operated 200 Westside stores; 61 Star Market stores; and 233 Zudio stores. Trent Limited was incorporated in 1952 and is based in Mumbai, India.

How the Company Makes Money

Trent Limited generates revenue through multiple key streams, primarily from the sale of apparel and fashion accessories across its various retail brands. The company operates a mix of standalone stores and shop-in-shop formats within larger retail environments, allowing it to reach a broad customer base. Additionally, Trent has increasingly embraced e-commerce, enhancing its online sales capabilities and allowing for greater market penetration. Significant partnerships with suppliers and manufacturers enable Trent to maintain cost efficiencies and a diverse product offering. Seasonal promotions, loyalty programs, and strategic marketing initiatives further bolster sales, contributing to the company's overall earnings.

Trent Limited Financial Statement Overview

Summary

Trent Limited showcases strong financial health with notable revenue and profit growth, underpinned by effective cost management and efficient capital allocation. The balance sheet reflects stability with controlled leverage, while cash flow generation supports strategic expansion. The company's financial trajectory is positive, positioning it well within the apparel retail industry.

Income Statement

Trent Limited exhibits robust growth with a strong revenue trajectory, increasing from 25.77 billion to 171.35 billion over five years. Gross profit and EBIT margins have improved significantly, indicating enhanced efficiency and profitability. Net income has consistently risen, reflecting solid bottom-line performance. The company demonstrates resilience and effective cost management, contributing to high profitability scores in the apparel retail sector.

Balance Sheet

The balance sheet reflects a solid financial position with a healthy equity base growing from 23.13 billion to 54.62 billion. The debt-to-equity ratio shows manageable leverage, decreasing over time, which enhances financial stability. However, the equity ratio is moderate, indicating room for improvement in asset utilization. Overall, Trent maintains a stable balance sheet, supporting its growth trajectory.

Cash Flow

Trent's cash flow management is strong, with operating cash flow consistently outpacing net income, indicating robust cash generation. Free cash flow growth has been positive, supporting reinvestment and expansion opportunities. The company demonstrates effective capital expenditure management, enhancing its cash flow score. Despite some fluctuations in investing and financing cash flows, overall liquidity remains sound.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	179.14B	171.35B	123.75B	82.42B	44.98B	25.93B
Gross Profit	75.47B	72.31B	52.39B	33.83B	19.17B	9.78B
EBITDA	23.78B	21.55B	14.77B	7.24B	3.33B	-226.60M
Net Income	15.80B	15.47B	14.87B	4.45B	1.06B	-1.46B
Balance Sheet
Total Assets	0.00	94.20B	71.62B	80.82B	77.26B	57.24B
Cash, Cash Equivalents and Short-Term Investments	9.73B	9.73B	10.14B	6.29B	6.08B	7.46B
Total Debt	0.00	22.37B	17.53B	44.64B	47.25B	29.66B
Total Liabilities	-55.83B	38.36B	30.59B	54.19B	53.16B	33.66B
Stockholders Equity	55.83B	54.62B	40.68B	25.95B	23.64B	23.13B
Cash Flow
Free Cash Flow	0.00	3.93B	6.12B	914.80M	-2.12B	2.60B
Operating Cash Flow	0.00	16.61B	13.49B	5.95B	584.80M	3.74B
Investing Cash Flow	0.00	-9.24B	-5.08B	-1.03B	560.30M	156.50M
Financing Cash Flow	0.00	-6.94B	-6.29B	-4.91B	-1.08B	-2.83B

Trent Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4810.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRENT, the sentiment is Negative. The current price of 4810.5 is above the 20-day moving average (MA) of 4165.63, above the 50-day MA of 4272.87, and below the 200-day MA of 5043.12, indicating a bearish trend. The MACD of -46.90 indicates Positive momentum. The RSI at 36.43 is Neutral, neither overbought nor oversold. The STOCH value of 7.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:TRENT.

Trent Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VARROC	69 Neutral	₹88.66B	63.71	―	0.16%	7.38%	-73.62%
TRENT	66 Neutral	₹1.41T	87.14	―	0.12%	23.62%	-10.39%
MANYAVAR	62 Neutral	₹131.28B	34.06	―	1.37%	5.77%	-4.37%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JUBLFOOD	61 Neutral	₹344.37B	93.09	―	0.21%	29.48%	-6.19%
ABFRL	48 Neutral	₹90.61B	-16.43	―	―	-32.83%	31.19%

Trent Limited Corporate Events

Trent Limited Schedules Analyst Meeting with SBI Life

Trent Limited has announced a scheduled meeting with SBI Life on December 18, 2025, as part of its regular interactions with analysts and institutional investors. The company has assured that no unpublished price-sensitive information will be disclosed during this meeting, which aligns with regulatory requirements and maintains transparency with stakeholders.

Trent Limited Consolidates Retail Subsidiaries for Strategic Growth

Trent Limited has announced the amalgamation of its two step-down subsidiaries, Fiora Hypermarket Limited and Fiora Online Limited, effective from December 1, 2025. This merger, sanctioned by the National Company Law Tribunal, aims to consolidate the retail businesses and simplify the group structure, potentially enhancing operational efficiency and market competitiveness.

Trent Limited Completes Buyback Offer with ITRIPL

Trent Limited has announced the completion of a buyback offer involving 94,900 equity shares held in its associate company, Inditex Trent Retail India Private Limited (ITRIPL), at a price of Rs 15,421.85 per share, totaling Rs 146.35 Crore. This transaction reduces Trent’s shareholding in ITRIPL to 20%, impacting its financial stake and potentially altering its strategic positioning within the retail sector.

Trent Limited Urges Shareholders to Claim Unclaimed Dividends

Trent Limited has issued a notice to its shareholders urging them to claim their unclaimed dividends before they are transferred to the Investor Education and Protection Fund (IEPF) as per regulatory requirements. The company has provided instructions for both dematerialized and physical shareholding formats to facilitate the claiming process. This move ensures compliance with the Companies Act and SEBI regulations, while also safeguarding shareholder interests by reminding them to claim their dividends.