Is Trent a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Trent Ltd is a good quality company .

Is Trent undervalued or overvalued?

The key valuation ratios of Trent Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Trent share price return in the past 10 years?

Trent Ltd share price has appreciated 48.6% annually (CAGR) over the past ten years.

Is Trent a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Trent Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Trent Ltd - Stock Valuation and Financial Performance

Name: Trent
Brand: Trent

BSE: 500251 | NSE: TRENT | Retailing | Large Cap

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Trent Share Price

₹7,072 -64.75 -0.91%
as on 04-Nov'24 15:32

10 Year X-Ray of Trent:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	9.9%	9.1%	9.6%	10.9%	11.4%	20%	6.2%	21%	32.5%	52.3%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.3	-0.2	-0.2	0.8	-0.5	0.9	1.9	3.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,358	1,492	1,717	2,066	2,532	3,178	2,048	3,881	7,715	11,927	13,382
Sales YoY Gr.	-	9.9%	15.1%	20.4%	22.5%	25.5%	-35.6%	89.5%	98.8%	54.6%	-
Adj EPS ⓘ	0	2.6	2.6	3.8	3.9	4.1	-1.5	6.7	12.8	26.4	45.8
YoY Gr.	-	NA	0%	45.4%	3.2%	5.9%	-135.6%	NA	90.4%	105.7%	-
BVPS (₹) ⓘ	41.3	43.1	46.4	48.7	51.1	70.3	70.8	76.5	86.6	125.1	134.7
Adj Net Profit ⓘ	-0.1	86.3	86.3	126	130	147	-52.3	240	456	938	1,630
Cash Flow from Ops. ⓘ	25.9	108	64.2	103	28.2	369	324	149	663	1,348	-
Debt/CF from Ops. ⓘ	8.7	3.7	6.1	3.8	17.5	0.8	0.9	3.3	0.8	0.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	27.3%	36.3%	79.9%	54.6%
Adj EPS ⓘ	NA	46.6%	NA	105.7%
BVPSⓘ	13.1%	19.6%	20.9%	44.4%
Share Price	48.6%	67.7%	86.3%	222.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-0	6.2	5.8	8	7.8	7	-2.1	9.2	15.7	24.9	35.3
Op. Profit Mgn % ⓘ	5.1	7.2	8.1	11.1	10.3	18.2	10.5	16.8	15	16.5	16.2
Net Profit Mgn % ⓘ	-0	5.8	5	6.1	5.1	4.6	-2.6	6.2	5.9	7.9	12.2
Debt to Equity ⓘ	0.2	0.3	0.3	0.2	0.3	0.1	0.1	0.2	0.2	0.1	-
Working Cap Days ⓘ	138	110	103	96	99	98	151	94	74	66	40
Cash Conv. Cycle ⓘ	17	15	15	11	18	24	30	26	27	19	20

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 35.30%

Sales growth is growing at healthy rate in last 3 years 79.93%

Sales growth is good in last 4 quarters at 55.68%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Trent Ltd.

	Standalone	Consolidated
TTM EPS (₹)	45.8	48
TTM Sales (₹ Cr.)	13,382	13,851
BVPS (₹.) ⓘ	134.7	123.9
Reserves (₹ Cr.) ⓘ	4,754	4,368
P/BV ⓘ	52.96	57.60
PE ⓘ	155.64	148.68

From the Market
52 Week Low / High (₹)	2175.35 / 8345.85
All Time Low / High (₹)	5.14 / 8345.85
Market Cap (₹ Cr.)	2,53,640
Equity (₹ Cr.)	35.6
Face Value (₹)	1
Industry PE ⓘ	105.9

Management X-Ray of Trent:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Trent

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Price to Earnings

Enterprise Value to EBIT

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Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Trent

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,358	1,492	1,717	2,066	2,532	3,178	2,048	3,881	7,715	11,927
Operating Expenses ⓘ	1,293	1,390	1,583	1,852	2,282	2,603	1,835	3,231	6,560	9,954
Manufacturing Costs	228	180	183	191	204	184	157	225	396	553
Material Costs	681	721	806	959	1,232	1,604	1,030	1,901	4,216	6,541
Employee Cost	124	132	166	203	252	313	255	338	580	938
Other Costs ⓘ	260	356	428	500	593	503	393	768	1,368	1,923
Operating Profit ⓘ	65	102	134	214	249	574	213	650	1,155	1,973
Operating Profit Margin (%)	4.8%	6.9%	7.8%	10.4%	9.8%	18.1%	10.4%	16.7%	15.0%	16.5%
Other Income ⓘ	74	89	59	43	37	157	204	279	412	351
Interest ⓘ	17	47	45	43	50	254	247	310	393	355
Depreciation ⓘ	40	35	38	42	46	231	236	283	463	639
Exceptional Items ⓘ	56	0	25	0	0	0	-6	-13	0	543
Profit Before Tax ⓘ	139	109	135	172	189	246	-72	323	711	1,873
Tax ⓘ	39	23	28	55	62	91	-21	73	156	438
Profit After Tax	100	87	107	117	127	155	-51	250	555	1,436
PAT Margin (%)	7.4%	5.8%	6.2%	5.6%	5.0%	4.9%	-2.5%	6.4%	7.2%	12.0%
Adjusted EPS (₹)	3.0	2.6	3.2	3.5	3.8	4.4	-1.4	7.0	15.6	40.4
Dividend Payout Ratio (%)	33%	35%	31%	33%	34%	23%	-42%	24%	14%	8%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,372	1,433	1,541	1,617	1,697	2,499	2,516	2,720	3,080	4,447
Share Capital ⓘ	33	33	33	33	33	36	36	36	36	36
Reserves ⓘ	1,339	1,400	1,508	1,584	1,664	2,463	2,480	2,684	3,044	4,412
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	75	96	291	391	394	300	0	497	498	499
Long Term Debt	75	96	100	100	300	300	0	497	498	499
Short Term Debt	0	0	191	292	95	0	0	0	0	0
Trade Payables	143	149	156	195	229	256	220	314	644	752
Others Liabilities ⓘ	369	396	189	108	234	2,233	2,864	4,158	3,946	1,705
Total Liabilities ⓘ	1,958	2,074	2,177	2,312	2,553	5,288	5,599	7,690	8,167	7,403
Fixed Assets
Gross Block	556	590	653	762	836	3,023	3,517	5,325	5,516	3,290
Accumulated Depreciation	164	174	196	218	242	433	620	843	1,176	915
Net Fixed Assetsⓘ	392	416	456	545	595	2,589	2,897	4,482	4,340	2,374
CWIP ⓘ	46	54	5	10	85	23	34	45	42	161
Investmentsⓘ	1,037	1,086	1,113	1,052	941	1,607	1,729	1,724	1,648	1,902
Inventories	250	270	298	339	489	587	395	822	1,337	1,565
Trade Receivables	2	2	3	13	14	13	21	16	31	79
Cash Equivalents	29	25	32	30	51	44	67	74	79	286
Others Assetsⓘ	201	221	270	323	378	425	457	526	690	1,035
Total Assets ⓘ	1,958	2,074	2,177	2,312	2,553	5,288	5,599	7,690	8,167	7,403

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	26	108	64	103	28	369	324	149	663	1,348
PBT ⓘ	82	109	110	172	190	246	-66	336	711	1,330
Adjustment ⓘ	-43	-10	19	47	52	315	277	293	410	585
Changes in Working Capital ⓘ	-19	28	-34	-67	-136	-111	113	-402	-271	-272
Tax Paid ⓘ	5	-19	-31	-49	-78	-81	0	-78	-187	-294
Cash Flow From Investing Activity ⓘ	4	-89	-11	-30	-46	-757	-39	-6	-143	-499
Capex	-112	-134	-68	-130	-186	-105	-81	-198	-214	-382
Net Investments	-40	-7	18	88	223	-524	97	233	7	-91
Others ⓘ	156	52	39	11	-83	-128	-56	-41	64	-25
Cash Flow From Financing Activityⓘ	-34	-21	-47	-74	38	382	-262	-136	-515	-642
Net Proceeds from Shares ⓘ	0	300	100	0	0	950	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	299	-100	0	-300	0	0
Interest Paid ⓘ	-7	-20	-33	-32	-22	-244	-173	-235	-356	-308
Dividend Paid ⓘ	-27	-75	-1	-40	-46	-52	-36	-43	-39	-78
Others ⓘ	0	-226	-114	-2	-193	-173	-54	442	-120	-257
Net Cash Flow ⓘ	-4	-2	6	-1	21	-7	23	7	5	207

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.44	6.17	7.19	7.39	7.69	7.37	-2.03	9.54	19.12	38.15
ROCE (%)	9.93	9.13	9.57	10.9	11.39	20.03	6.23	20.97	32.49	52.29
Asset Turnover Ratio	0.75	0.79	0.86	1	1.14	0.88	0.41	0.63	1.05	1.65
PAT to CFO Conversion(x)	0.26	1.24	0.6	0.88	0.22	2.38	N/A	0.6	1.19	0.94
Working Capital Days
Receivable Days	1	0	1	1	2	1	3	2	1	2
Inventory Days	65	60	57	52	55	57	81	53	47	41
Payable Days	82	74	69	67	63	55	84	51	34	34

Trent Ltd Stock News

Trent Ltd FAQs

What is the share price of Trent?

Company share prices are keep on changing according to the market conditions. The closing price of Trent on 04-Nov-2024 15:32 is ₹7,072.

What is the market cap of Trent?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Nov-2024 15:32 the market cap of Trent stood at ₹2,53,640.3.

What is the P/E ratio of Trent?

The latest P/E ratio of Trent as of 04-Nov-2024 15:32 is 155.6.

What is the P/B ratio of Trent?

The latest P/B ratio of Trent as of 04-Nov-2024 15:32 is 52.96.

What is the 52-week high and low of Trent?

The 52-week high of Trent is ₹8,345.9 and the 52-week low is ₹2,175.4.

What is the TTM revenue of Trent?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Trent is ₹13,382 ( Cr.) .

About Trent Ltd

Trent Ltd. was established in 1998 and part of the Tata group. Trent is headquartered in Mumbai but has pan-India operations. Trent is one of the leading players in the branded retail industry in India. The Company's segments include Retailing and Others. It primarily operates stores across three formats: Westside, Star, Landmark and Zudio.

Trent’s value fashion concept - Zudio offers fashion at irresistible prices for women, men and children. Exclusive fashion is curated in-house and made available at very sharp price points. Zudio has evolved into a growing standalone concept along with improved quality of presence within select Star stores. Hypermarket and supermarket store chain - operating under ‘Star Market’ concept offers an assortment of products, including staples, beverages, health & beauty products along with a comprehensive fresh offering (vegetables, fruits, dairy, non vegetarian products). The offering is also supported by a compelling range of own brands at attractive prices. Star witnessed encouraging traction during the year and the Star Market format is increasingly viewed as a differentiated & sustainable model affording further expansion with better returns and throughput.

A family entertainment concept - Landmark offers a curated range of toys, front list books, stationery and sports merchandise. Backend operations relating to the concept are significantly integrated with Westside to realize synergies and contain overhead costs. Trent’s latest concept – Utsa is a modern Indian lifestyle destination which offers ethnic apparel, beauty products and accessories. The merchandise includes a selection of Westside’s Indianwear offer along with additional exclusive styles housed in an appealing space between 2,000 - 3,000 sq ft. Backend operations are integrated with Trent’s other concepts to realize synergies. The concept is operational through stores launched during the year in Pune and Vadodara.

Business area of the company

The company is engaged in the retail sale of readymade garments. Trent’s flagship concept- Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings & decor. This offer is presented through a differentiated portfolio of exclusive brands that are in tune with latest fashion trends appealing to a wide spectrum of style conscious consumers across defined customer segments. This differentiated approach also aids in competing effectively in the face of disintermediation risks posed by diverse competition.

Awards

Trent

Trent’s retail brand Westside received Most Admired Large Format Retail Chain of the Year at Lycra Images Fashion Awards 2005.
Trent was honoured with NDTV Profit Business Leadership Awards 2006 - Retail Category.
Trent has received following awards during FY20:

Westside

Best Departmental Store of the year at MAPIC India Retail Awardsb.
Best Customer Relationship Management at MAPIC India Retail Awards.

Star

Supermarket of the Year Award at Annapoorna Food Retail Awards.
Special Category Award - Persons with Disabilities at Retail Awards 2020 - National Winner is a Sales Associate at Star.
Energy Conservation Award-STAR hosted by The Tata Power Company Limited.
IMAGES Most Admired Brand Retail Partnership of the Year: Cadbury Dairy Milk and Star.
IMAGES Most Admired Marketing Campaign of the Year: Customer Chain Coupons by Star.

Milestones

2004 - The company ventured in hypermarket business with Star Bazaar. This outlet is currently located in 3 cities namely Ahmedabad, Mumbai and Bangalore. It offers wide range of products affordable prices such as at staple foods, beverages, health and beauty products, vegetables, fruits, dairy products, consumer electronics and household items.
2008 - Trent announced an association with Tesco Plc, the UK’s leading retailer and one of the world’s top three leading international retailers. This arrangement will allow Trent access to Tesco’s extensive retail expertise and technical capability including world class IT systems, processes and best practices in functions like marketing, stock management, retail information systems, cold-chain infrastructure and front-end services to drive the growth of Trent’s hypermarket business, which is operated under the name Star Bazaar.
2009 - Trent announced a joint venture with Inditex Group to develop and promote Zara stores in India. Inditex is one of the world’s biggest fashion retailers from Spain.In the MoU signed, Inditex would hold 51 per cent while Trent would hold a 49 per cent stake in the joint venture company.
2013 - The Board of Directors of the Company approved a Scheme of Amalgamation and Arrangement (‘The Scheme’) between Landmark Limited, Fiora Link Road Properties Limited and Trexa ADMC Private Limited with the Company.
2014 - Trent's westside opens stores at 'Sun City' Jodhpur, 5th Store at Bengaluru, 9th store in Borivali and 5th Store in Chennai during the year.
2014 - One of India’s largest and fastest growing chain of retail stores,Trent's Westside announced the launch of private label teen fashion brand ‘Y&F ' Young and Free’.
2017 - Trent had acquired value fashion apparel business ‘Zudio’ from Trent Hypermarket Private Limited (THPL).
2019 - The company has acquired 51% of the share capital of Booker India Limited (BIL) thereby making it a subsidiary of the Company with effect from 28th September 2019.
2020 - Trent has entered into a definitive agreement to acquire 100% of the share capital of Common Wealth Developers.