TRENT

Trent Limited

Tata group's fashion and grocery retailer — Westside, Zudio, plus cash-and-carry

Consumer Discretionary›Consumer Services›Retailing›Speciality Retail

trentlimited.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2958.70
Market cap
1,57,821 Cr
Stock P/E
87.2
P/B
22.59
Dividend yield
0.1%
ROE (FY26)
24.2%
ROCE (FY26)
31.6%
Operating margin (FY26)
11.5%
Debt / equity (FY26)
0.07
OCF / EBITDA (FY26)
72.6%
OCF / EBITDA (3Y)
68.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Trent, part of the Tata Group, runs the Westside and Zudio fashion store chains and the Star food and grocery stores, selling mainly its own brands directly to customers.

Company snapshot

1stBy market cap

Ranked among 18 companies in Speciality Retail.

What we see

Positives
  • ✓Debt-to-equity of 0.07x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales2,982 Cr3,467 Cr3,298 Cr4,104 Cr4,157 Cr4,657 Cr4,217 Cr4,883 Cr4,818 Cr5,345 Cr5,028 Cr5,755 Cr
Operating expenses (approx.)2,526 Cr2,838 Cr2,828 Cr3,492 Cr3,514 Cr3,815 Cr3,565 Cr4,036 Cr4,001 Cr4,264 Cr4,101 Cr4,626 Cr
EBITDA457 Cr629 Cr470 Cr613 Cr643 Cr842 Cr652 Cr848 Cr817 Cr1,081 Cr927 Cr1,129 Cr
OPM %15.3%18.1%14.2%14.9%15.5%18.1%15.5%17.4%17.0%20.2%18.4%19.6%
Other income80 Cr80 Cr77 Cr46 Cr48 Cr59 Cr74 Cr41 Cr28 Cr19 Cr28 Cr30 Cr
Interest95 Cr99 Cr33 Cr32 Cr33 Cr37 Cr38 Cr40 Cr42 Cr43 Cr44 Cr47 Cr
Depreciation152 Cr165 Cr213 Cr181 Cr197 Cr245 Cr272 Cr293 Cr325 Cr367 Cr377 Cr410 Cr
Profit before tax314 Cr475 Cr919 Cr501 Cr467 Cr646 Cr416 Cr565 Cr477 Cr676 Cr519 Cr692 Cr
Tax %27.4%22.0%22.5%22.0%28.2%23.1%25.1%24.8%21.7%24.5%20.4%25.1%
Net profit228 Cr371 Cr712 Cr391 Cr335 Cr497 Cr312 Cr425 Cr373 Cr510 Cr413 Cr518 Cr
EPS (₹)₹6.60₹10.53₹19.81₹11.04₹9.53₹13.99₹8.95₹12.09₹10.60₹14.42₹11.26₹9.73

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,812 Cr2,157 Cr2,630 Cr3,486 Cr2,593 Cr4,498 Cr8,242 Cr12,375 Cr17,135 Cr20,074 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,687 Cr1,956 Cr2,403 Cr2,942 Cr2,421 Cr3,924 Cr7,168 Cr10,453 Cr14,376 Cr16,401 CrSign in free for the trailing twelve months
EBITDA126 Cr201 Cr228 Cr544 Cr172 Cr574 Cr1,074 Cr1,922 Cr2,758 Cr3,673 CrSign in free for the trailing twelve months
OPM %6.9%9.3%8.7%15.6%6.6%12.8%13.0%15.5%16.1%18.3%Sign in free for the trailing twelve months
Other income61 Cr44 Cr41 Cr145 Cr202 Cr175 Cr261 Cr289 Cr219 Cr115 CrSign in free for the trailing twelve months
Interest34 Cr31 Cr37 Cr246 Cr249 Cr305 Cr369 Cr319 Cr139 Cr168 CrSign in free for the trailing twelve months
Depreciation41 Cr46 Cr52 Cr247 Cr257 Cr311 Cr494 Cr671 Cr895 Cr1,361 CrSign in free for the trailing twelve months
Profit before tax102 Cr147 Cr168 Cr165 Cr-205 Cr111 Cr552 Cr1,921 Cr2,030 Cr2,236 CrSign in free for the trailing twelve months
Tax %42.3%40.7%43.7%35.8%11.6%68.9%28.7%23.1%24.4%23.0%Sign in free for the trailing twelve months
Net profit85 Cr87 Cr95 Cr106 Cr-181 Cr35 Cr394 Cr1,477 Cr1,534 Cr1,721 CrSign in free for the trailing twelve months
EPS (₹)₹2.55₹2.62₹2.92₹3.53₹-4.11₹2.98₹12.51₹41.82₹43.51₹48.37Sign in free for the trailing twelve months
Dividend payout %—————123.5%10.0%5.3%7.4%10.3%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital33 Cr33 Cr33 Cr36 Cr36 Cr36 Cr36 Cr36 Cr36 Cr36 Cr
Reserves1,514 Cr1,562 Cr1,613 Cr2,352 Cr2,277 Cr2,328 Cr2,560 Cr4,032 Cr5,426 Cr6,949 Cr
Borrowings291 Cr391 Cr394 Cr300 Cr—497 Cr498 Cr499 Cr499 Cr500 Cr
Other liabilities383 Cr348 Cr521 Cr2,739 Cr3,366 Cr4,819 Cr4,921 Cr2,561 Cr3,337 Cr4,121 Cr
Total liabilities2,222 Cr2,335 Cr2,559 Cr5,507 Cr5,724 Cr7,726 Cr8,082 Cr7,162 Cr9,420 Cr11,729 Cr
Fixed assets (net)480 Cr511 Cr561 Cr2,640 Cr2,959 Cr725 Cr871 Cr1,146 Cr2,068 Cr3,366 Cr
CWIP5 Cr10 Cr87 Cr23 Cr108 Cr105 Cr102 Cr224 Cr180 Cr254 Cr
Investments1,080 Cr1,023 Cr915 Cr1,544 Cr1,515 Cr1,312 Cr1,137 Cr1,443 Cr1,507 Cr1,415 Cr
Loans & advances——30 Cr86 Cr26 Cr26 Cr17 Cr17 Cr18 Cr3 Cr
Inventories305 Cr345 Cr497 Cr608 Cr428 Cr868 Cr1,361 Cr1,583 Cr2,045 Cr2,289 Cr
Trade receivables6 Cr15 Cr17 Cr17 Cr21 Cr18 Cr34 Cr82 Cr63 Cr51 Cr
Cash & bank32 Cr30 Cr51 Cr56 Cr76 Cr82 Cr83 Cr295 Cr338 Cr281 Cr
Other assets314 Cr402 Cr399 Cr533 Cr591 Cr4,591 Cr4,476 Cr2,373 Cr3,200 Cr4,070 Cr
Total assets2,222 Cr2,335 Cr2,559 Cr5,507 Cr5,724 Cr7,726 Cr8,082 Cr7,162 Cr9,420 Cr11,729 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity102 Cr77 Cr21 Cr355 Cr374 Cr58 Cr595 Cr1,349 Cr1,661 Cr2,668 Cr
Cash from investing-44 Cr-4 Cr-37 Cr-828 Cr16 Cr56 Cr-103 Cr-508 Cr-923 Cr-1,578 Cr
Cash from financing-51 Cr-74 Cr37 Cr464 Cr-372 Cr-108 Cr-491 Cr-629 Cr-694 Cr-1,148 Cr
Net cash flow7 Cr-1 Cr21 Cr-8 Cr18 Cr7 Cr0.84 Cr211 Cr44 Cr-57 Cr
Free cash flow (OCF − Capex)32 Cr-31 Cr-182 Cr199 Cr260 Cr-212 Cr91 Cr612 Cr393 Cr905 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.4%8.9%10.1%14.8%1.9%14.3%29.1%48.7%35.6%31.6%
ROE %5.5%5.5%5.9%5.0%-6.2%4.4%16.7%36.2%27.7%24.2%
Debtor days1322312211
Inventory days463129586964607060474342
Days payable255983353431393129232022
Cash conversion cycle207148263734254132262520
OCF / EBITDA %81.5%38.2%9.2%65.3%217.5%10.2%55.4%70.2%60.2%72.6%
OCF / EBITDA % (3 years)——36.1%46.6%79.5%61.1%56.5%56.1%62.6%68.0%
Debt / equity0.190.250.240.13—0.210.190.120.090.07
Current ratio1.031.041.533.481.852.722.172.021.821.26
Net debt / EBITDA2.06—1.510.45-0.440.720.390.110.060.06