Large Retail

Trent Ltd.

TRENT

₹5562.85

-1.98% (-112.45)

Market Cap

₹2,01,796 Cr.

P/E

104.41

Trent Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Trent Ltd. Shareprice

Has the share price of Trent grown faster than its competition?

Trent has given better returns compared to its competitors.
Trent has grown at ~63.66% over the last 3yrs while peers have grown at a median rate of -4.04%

Is Trent stock expensive?

Trent is not expensive.
Latest PE of Trent is 104, while 3 year average PE is 156.
Also latest EV/EBITDA of Trent is 78.71 while 3yr average is 91.55.

View FAQ's On Business

Growth Table

Trent Ltd.
Avenue Supermarts
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	44.67	104	63.66	65.81	66.00	58.88	49.13	46.21	48.54	43.94
TTM EPS CAGR	131	124	141	—	79.21	63.15	47.90	42.99	41.60	31.72
Sales CAGR	44.01	48.15	58.47	59.11	37.18	36.89	34.98	33.04	30.77	28.34
PAT Margin (Abs Growth)	6.67	10.37	17.48	8.28	7.78	7.37	8.04	7.60	5.65	11.84
PE CAGR	-37.37	-8.78	-32.16	—	-7.37	-2.62	0.83	2.25	4.90	9.28
CFO CAGR	127	382	67.90	39.02	130	61.21	44.52	36.89	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Trent Ltd.
Avenue Supermarts
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Assets	2,154	2,222	2,336	2,559	5,396	5,609	7,600	7,925	7,107	8,274
Non Current Assets	1,648	1,651	1,686	1,655	3,803	4,320	5,943	5,704	4,052	4,604
Net Block	477	515	579	630	2,710	3,026	4,659	4,500	2,423	1,485
Capital Work in Progress	54.86	5.48	9.59	87.18	23.32	108	105	102	224	219
Intangible Assets Under Development	1.21	—	—	—	—	—	—	—	—	—
Long Term Investments	1,042	988	980	804	736	817	757	564	696	748
Current Assets	508	562	631	878	1,697	1,393	1,777	2,369	3,097	3,652
Inventory	279	305	345	497	608	428	868	1,361	1,583	2,012
Accounts Receivable	12.99	5.92	15.10	16.54	17.12	20.77	18.26	34.39	81.74	62.41
Short Term Investments	24.83	91.98	42.72	78.70	779	671	526	546	720	770
Cash & Bank Balances	26.90	34.28	32.81	54.23	61.41	81.47	85.97	86.30	298	220
Liabilities	2,154	2,222	2,336	2,559	5,396	5,609	7,600	7,925	7,107	8,274
Shareholders Funds	1,464	1,548	1,595	1,647	2,388	2,313	2,364	2,595	4,068	4,680
Share Capital	33.23	33.23	33.23	33.23	35.55	35.55	35.55	35.55	35.55	35.55
Reserves	1,431	1,514	1,562	1,613	2,352	2,277	2,328	2,560	4,032	4,644
Non Current Liabilities	106	126	133	341	2,442	2,500	4,536	4,169	1,463	1,506
Secured Loans	—	—	—	—	—	—	—	—	—	—
Unsecured Loans	95.99	99.82	99.89	300	300	—	497	498	499	499
Current Liabilities	574	547	606	574	487	751	653	1,094	1,541	2,049
Accounts Payable	166	169	208	245	298	275	378	665	774	981
Short Term Loans	3.99	191	292	94.62	—	300	—	—	—	—

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Trent Ltd.
Avenue Supermarts
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	1,589	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375	16,215
Operating Expenses	1,486	1,675	1,943	2,389	2,929	2,409	3,904	7,129	10,404	13,648
Raw Material	810	911	1,070	1,460	1,952	1,372	2,920	5,211	7,124	0.00
Material Cost (%)	50.06	48.63	47.81	49.86	53.98	59.16	55.17	57.26	56.23	-2.70
Employee Cost	164	193	230	287	359	302	399	655	1,037	1,301
Power & Fuel Cost	48.92	51.28	52.75	59.18	66.64	49.41	71.89	144	229	—
Operating Profit	103	137	214	241	557	184	594	1,113	1,971	2,567
Other Income	57.31	60.58	44.21	41.37	149	202	175	261	289	230
OPM (%)	6.48	7.58	9.94	9.16	15.97	7.10	13.21	13.51	15.92	15.83
Depreciation and Amortisation	38.59	41.29	45.53	51.67	247	257	311	494	671	836
Interest	47.73	45.55	43.78	50.64	263	261	325	409	368	134
Profit Before Tax	93.32	102	147	168	165	-205	111	552	1,921	2,403
Tax	34.71	43.05	59.62	73.61	59.01	-23.69	76.62	158	443	598
Net Profit	54.95	84.86	86.97	96.96	123	-146	106	445	1,487	1,805
Number of shares(Crs)	3.32	33.23	33.23	33.23	35.55	35.55	35.55	35.55	35.55	—
Dividend Payout Ratio(%)	54.43	39.16	43.94	44.55	28.94	—	57.11	17.59	7.65	—

TTM Values as of Dec 2024

Cash Flow

Trent Ltd.
Avenue Supermarts
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Sep'24
Cash from Operating Activity	109	102	76.86	20.98	361	285	58.08	595	1,349	1,465
Profit Before Tax	78.50	135	147	168	165	-204	139	555	1,345	1,786
Adjustments	19.24	29.73	44.27	65.02	377	384	431	524	575	559
OCF Before Working Capital	98.02	165	191	233	542	180	569	1,079	1,919	2,345
Working Capital Changes	31.28	-24.36	-64.30	-135	-97.41	106	-430	-293	-271	-471
Taxes Paid	-19.88	-38.37	-50.07	-77.28	-83.46	-1.14	-81.64	-191	-299	-410
Cash from Investing Activity	-98.29	-43.71	-4.03	-37.04	-816	15.65	56.03	-103	-508	-718
Net Fixed Assets Purchased	-131	-68.57	-107	-195	-114	-91.02	-210	-223	-394	-692
Fixed Assets Purchased	-139	-70.68	-107	-203	-156	-113	-271	-503	-737	-1,055
Fixed Assets Sold	8.15	2.11	0.60	7.26	41.68	22.34	60.82	280	343	362
Investment Purchased	-1,007	-937	-972	-1,285	-2,895	-591	-1,322	-1,610	-1,938	-2,583
Investment Sold	989	951	1,065	1,510	2,237	731	1,530	1,616	1,808	2,483
Interest Recieved	14.03	16.68	16.36	16.15	18.97	20.82	15.00	7.70	2.36	2.45
Dividends Recieved	3.12	2.63	0.94	2.04	2.59	0.09	—	—	—	6.19
Subsidiary Investments	2.11	-8.39	-7.35	-85.20	-22.00	-45.00	41.53	-51.50	-61.85	—
Cash from Financing Activity	-13.33	-51.36	-74.31	37.47	452	-283	-108	-491	-629	-678
Proceeds From Shares	310	99.80	-102	-0.02	932	-0.26	—	—	—	—
Net Long Term Borrowings	-4.20	-3.00	0.00	299	0.00	0.00	-301	0.00	-0.05	0.00
Proceeds From Borrowings	—	—	—	299	—	—	—	—	—	—
Repayment From Borrowings	-4.20	-3.00	—	—	—	—	-301	—	-0.05	—
Interest Paid	-21.28	-36.48	-31.70	-22.65	-251	-184	-246	-359	-309	-190
Dividend Paid	-75.63	-1.08	-40.26	-45.92	-52.01	-35.54	-42.72	-39.26	-78.27	-118
Net Cash Flow	-2.20	7.37	-1.48	21.41	-2.47	17.57	6.13	0.83	211	69.00
Opening Cash & Cash Equivalents	29.21	26.90	34.28	32.81	51.46	56.00	76.26	82.39	83.23	—
Effect of FX	—	0.01	0.01	0.01	-0.01	—	—	0.01	0.01	—
Closing Cash & Cash Equivalents	26.90	34.28	32.81	54.23	56.00	75.63	82.39	83.23	295	—
Net Capex (est)	131	68.57	107	195	114	91.02	210	223	394	692
Free Cash Flow (est)	-21.28	33.87	-29.95	-174	247	194	-152	371	955	772

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Trent Ltd.
Avenue Supermarts
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.49	0.40	0.47	0.47	0.66	2.24	1.28	1.39	0.92	0.98
Liquid Assets (Crs)	298	229	257	286	381	1,089	965	909	1,008	1,514
Current Liabilities (Crs)	607	574	547	606	574	487	751	653	1,094	1,541
Current Ratio	1.03	0.89	1.03	1.04	1.53	3.48	1.85	2.72	2.17	2.01
Current Assets (Crs)	628	508	562	631	878	1,697	1,393	1,777	2,369	3,097
Current Liabilities (Crs)	607	574	547	606	574	487	751	653	1,094	1,541
Interest Coverage Ratio	10.08	2.96	3.23	4.35	4.33	1.63	0.21	1.34	2.35	6.22
EBIT (Crs)	106	122	157	213	231	459	128	458	881	1,589
Interest Expenses (Crs)	21.97	47.73	45.55	43.78	50.64	263	261	325	409	368
Fixed Asset Turnover	2.40	2.34	2.44	2.61	2.91	1.08	0.69	0.80	1.42	3.58
Net Sales (Crs)	2,284	1,589	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375
Fixed Assets (Crs)	951	680	741	826	904	3,215	3,734	5,616	5,809	3,453
Cash Conversion Cycle	-20.55	-19.64	-12.23	-14.54	-7.55	2.20	1.15	1.81	13.06	8.73
Inventory Days	52.56	65.92	55.35	50.56	53.54	53.21	66.79	48.35	45.56	40.29
Days Receivable	2.70	3.32	1.79	1.63	2.01	1.62	2.44	1.46	1.08	1.59
Days Payable	75.82	88.88	69.37	66.74	63.10	52.63	68.08	47.99	33.57	33.15
Debt to Equity Ratio	0.19	0.27	0.25	0.25	0.30	0.13	0.13	0.21	0.19	0.12
Total Debt (Crs)	267	400	392	391	494	300	300	497	498	499
Shareholders Equity (Crs)	1,422	1,464	1,548	1,595	1,647	2,388	2,313	2,364	2,595	4,068
Free Cash Flow/Sales (%)	-7.25	-1.34	1.87	-1.39	-6.63	7.08	7.48	-3.38	4.51	7.72
Free Cash Flow(est) (Crs)	-166	-21.28	33.87	-29.95	-174	247	194	-152	371	955
Net Sales (Crs)	2,284	1,589	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375
Profitability Ratios
Gross Margin (%)	41.82	49.94	51.37	52.19	50.14	46.02	40.84	44.83	42.74	43.77
Op Profit Margin (%)	3.65	6.48	7.58	9.94	9.16	15.97	7.10	13.21	13.51	15.92
Operating Profit (Crs)	181	160	198	259	282	706	386	769	1,374	2,260
Net Sales (Crs)	2,284	1,589	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375
Net Profit Margin (%)	5.66	3.46	4.68	4.03	3.69	3.52	-5.64	2.35	5.39	12.01
Net Profit (Crs)	129	54.95	84.86	86.97	96.96	123	-146	106	445	1,487
Net Sales (Crs)	2,284	1,589	1,812	2,157	2,630	3,486	2,593	4,498	8,242	12,375
ROCE (%)	6.65	7.70	9.36	12.32	11.63	9.35	2.64	6.60	12.89	28.55
EBIT (Crs)	106	122	157	213	231	459	128	458	881	1,589
Capital Employed (Crs)	1,598	1,580	1,675	1,729	1,985	4,909	4,858	6,946	6,832	5,566
Return on Assets (%)	5.87	2.55	3.82	3.72	3.79	2.28	-2.61	1.39	5.61	20.92
Net Profit (Crs)	129	54.95	84.86	86.97	96.96	123	-146	106	445	1,487
Total Assets (Crs)	2,204	2,154	2,222	2,336	2,559	5,396	5,609	7,600	7,925	7,107
ROIC (%)	0.81	8.23	10.06	15.91	10.47	5.06	-1.73	1.51	7.57	25.31
Op Profit after Taxes (Crs)	5.91	40.42	55.44	100	107	199	-64.79	88.09	442	1,000
Invested Capital (Crs)	726	491	551	630	1,018	3,928	3,740	5,850	5,836	3,949
ROE (%)	9.10	3.75	5.48	5.45	5.89	5.14	-6.32	4.48	17.13	36.55
Net Profit Margin (%)	5.66	3.46	4.68	4.03	3.69	3.52	-5.64	2.35	5.39	12.01
Asset Turnover ratio	1.04	0.74	0.82	0.92	1.03	0.65	0.46	0.59	1.04	1.74
Equity Multiplier	1.55	1.47	1.44	1.46	1.55	2.26	2.43	3.21	3.05	1.75
Adjusted EPS	3.89	1.65	2.55	2.62	2.92	3.46	-4.11	2.98	12.51	41.82
Valuation Ratios
P/E	37.73	95.91	104	132	123	139	0.00	429	110	94.41
Price to Book	3.43	3.60	5.70	7.21	7.26	7.13	11.55	19.19	18.83	34.51
EV/EBITDA	28.18	35.21	46.39	45.87	43.90	24.47	69.84	59.53	35.87	62.20
Dividend Yield (%)	0.68	0.57	0.38	0.33	0.36	0.21	0.08	0.13	0.16	0.08

Quarterly Results

Trent Ltd.
Avenue Supermarts
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In Rs. Cr.	Sep'22	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24
Net Sales	1,953	2,303	2,183	2,628	2,982	3,467	3,298	4,104	4,157	4,657
Operating Expenses	1,697	1,980	1,980	2,261	2,526	2,838	2,828	3,492	3,514	3,815
Increase/Decrease in Stock	-546	-80.81	114	156	-138	40.19	-222	21.17	-411	174
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	167	179	178	206	232	267	332	327	314	328
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	256	323	203	367	457	629	470	613	643	842
Other Income	69.92	61.86	85.31	52.02	80.05	80.33	76.87	45.96	47.98	59.08
Interest	90.95	91.25	91.59	92.30	95.45	98.81	32.54	31.55	33.00	36.52
PBDT	235	294	194	327	441	610	1,090	627	658	864
Depreciation and Amortization	112	118	137	141	152	165	213	181	197	245
Profit Before Tax	123	176	57.17	186	289	446	877	446	461	620
Tax	58.19	49.65	18.82	45.62	86.26	105	207	110	132	149
Profit After Tax	64.98	126	38.35	140	203	341	670	336	329	470
Extra items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	93.02	167	54.10	173	235	374	704	393	339	497
Quarterly Ratios
EPS	2.62	4.70	1.52	4.88	6.60	10.53	19.81	11.04	9.53	13.99
Operating Profit Margin	13.10	14.03	9.30	13.98	15.31	18.13	14.24	14.93	15.47	18.08
Net Profit Margin	3.33	5.47	1.76	5.33	6.80	9.84	20.32	8.18	7.92	10.10

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

83.00%

Implied Growth Rate over a 5 year period*

31.00%

Implied Growth Rate over a 10 year period*

14.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

FAQs on Trent Ltd. Financials

How strong is Trent balance sheet?

Balance sheet of Trent is strong.
But short term working capital might become an issue for this company.

Is the debt of Trent increasing or decreasing?

Yes, The debt of Trent is increasing.
Latest debt of Trent is ₹279 Crs as of Sep-24.
This is greater than Mar-24 when it was -₹57.98 Crs.

Is the profitablity of Trent improving?

Yes, profit is increasing.
The profit of Trent is ₹1,805 Crs for TTM, ₹1,487 Crs for Mar 2024 and ₹445 Crs for Mar 2023.

Does Trent pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Trent latest dividend payout ratio is 7.65% and 3yr average dividend payout ratio is 27.45%

How has Trent allocated its funds?

Companies resources are majorly tied in miscellaneous assets

View FAQ's On Shareholding

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Trent Ltd.

Trent Ltd.

Has the share price of Trent grown faster than its competition?

Is Trent stock expensive?

How strong is Trent balance sheet?

Is the debt of Trent increasing or decreasing?

Is the profitablity of Trent improving?

Does Trent pay decent dividends?

How has Trent allocated its funds?

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