Trent Limited (IN:TRENT)
:TRENT
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Trent Limited
(TRENT)
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Rating:73Outperform
Price Target:
₹4,946.00
▲(2.82% Upside)
Action:UpgradedDate:04/23/26
The score is driven primarily by strong financial performance (sustained growth, profitability improvement, and stronger FY2026 operating cash flow) and supportive near-term technical trend strength. These positives are tempered by expensive valuation (high P/E and minimal dividend yield) and technical overbought signals that raise the risk of short-term volatility.
Positive Factors
Revenue & Profitability Scaling
Trent's multi-year revenue growth and shift from losses to ~17.2B net income by FY2026 indicate durable demand for its retail formats and successful execution of expansion. Sustained top-line scale supports procurement advantages, fixed-cost absorption and long-term margin improvement potential.
Negative Factors
Margin Volatility & Visibility
Reported swings in net margin (improvement in FY2024, step-down in FY2025 and unclear FY2026 margin) create uncertainty about sustainable profitability. For a high-fixed-cost retail model, persistent margin volatility can hamper long-term return predictability and planning for expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profitability Scaling
Trent's multi-year revenue growth and shift from losses to ~17.2B net income by FY2026 indicate durable demand for its retail formats and successful execution of expansion. Sustained top-line scale supports procurement advantages, fixed-cost absorption and long-term margin improvement potential.
Read all positive factors
Trent Limited (TRENT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.50T
Dividend Yield0.12%
Average Volume (3M)160.31K
Price to Earnings (P/E)78.3
Beta (1Y)1.38
Revenue Growth17.16%
EPS Growth11.18%
CountryIN
Employees25,277
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)12.80
Shares Outstanding355,487,460
10 Day Avg. Volume51,002
30 Day Avg. Volume160,306
Financial Highlights & Ratios
PEG Ratio6.53
Price to Book (P/B)17.95
Price to Sales (P/S)6.25
P/FCF Ratio138.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,795.00Price Target Upside-0.32% Downside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)61.04
Revenue Forecast (FY)₹241.25B
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, an...
How the Company Makes Money
Trent primarily makes money through retail sales to consumers across its store-led formats and related channels. Its core revenue stream is the sale of merchandise (e.g., apparel, footwear, accessories, and grocery/food products) sourced from a mi...
Trent Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 185.75B | 200.74B | 171.35B | 123.75B | 82.42B | 44.98B |
| Gross Profit | 78.06B | 88.09B | 72.31B | 52.39B | 33.83B | 19.17B |
| EBITDA | 25.86B | 37.67B | 21.55B | 14.77B | 7.24B | 3.33B |
| Net Income | 16.22B | 17.20B | 15.47B | 14.87B | 4.45B | 1.06B |
Balance Sheet | ||||||
| Total Assets | 107.35B | 117.29B | 94.20B | 71.62B | 80.82B | 77.26B |
| Cash, Cash Equivalents and Short-Term Investments | 11.10B | 10.52B | 9.73B | 10.14B | 6.29B | 6.08B |
| Total Debt | 23.49B | 25.61B | 22.37B | 17.53B | 44.64B | 47.25B |
| Total Liabilities | 45.21B | 46.21B | 38.36B | 30.59B | 54.19B | 53.16B |
| Stockholders Equity | 61.02B | 69.85B | 54.62B | 40.68B | 25.95B | 23.64B |
Cash Flow | ||||||
| Free Cash Flow | 4.86B | 9.05B | 3.93B | 6.12B | 914.80M | -2.12B |
| Operating Cash Flow | 15.32B | 26.68B | 16.61B | 13.49B | 5.95B | 584.80M |
| Investing Cash Flow | -10.29B | -15.78B | -9.24B | -5.08B | -1.03B | 560.30M |
| Financing Cash Flow | -6.49B | -11.48B | -6.94B | -6.29B | -4.91B | -1.08B |
Trent Limited Technical Analysis
Positive
4810.50
Price Trends
3835.35
Positive
3970.06
Positive
4546.03
Negative
Market Momentum
79.13
Negative
65.11
Neutral
94.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:TRENT, the sentiment is Positive. The current price of 4810.5 is above the 20-day moving average (MA) of 3683.45, above the 50-day MA of 3835.35, and above the 200-day MA of 4546.03, indicating a neutral trend. The MACD of 79.13 indicates Negative momentum. The RSI at 65.11 is Neutral, neither overbought nor oversold. The STOCH value of 94.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:TRENT.
Trent Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹1.50T | 78.30 | ― | 0.12% | 17.16% | 11.18% | |
69 Neutral | ₹79.59B | -220.37 | ― | 0.16% | 7.37% | 80.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹103.70B | 26.22 | ― | 1.37% | 1.54% | -10.15% | |
58 Neutral | ₹320.39B | 130.51 | ― | 0.21% | 20.10% | 7.11% | |
48 Neutral | ₹79.15B | -15.34 | ― | ― | -46.52% | 15.08% |
* Consumer Cyclical Sector Average
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Trent Limited Corporate Events
Trent Limited Posts Strong FY26 Revenue Growth on Aggressive Store Expansion
Apr 6, 2026
Trent Limited reported robust growth in standalone revenue from operations for the quarter and year ended March 2026, with Q4 revenue rising 20% year-on-year to ₹4,937 crore and full-year revenue up 18% to ₹19,701 crore. Revenue from s...
Trent Schedules One-on-One Meeting With Hill Fort Capital
Mar 16, 2026
Trent Limited has notified the stock exchanges about a scheduled one-on-one meeting with institutional investor Hill Fort Capital on March 18, 2026, as part of its ongoing engagement with the analyst and investor community. The company emphasized ...
Trent Subsidiaries THPL Support Services and Booker India Merge to Streamline Wholesale Operations
Feb 1, 2026
Trent Limited has announced that its step-down subsidiary THPL Support Services Limited has been amalgamated with Booker India Limited, a direct subsidiary, following approval of the merger scheme by the National Company Law Tribunal’s Mumba...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.