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Trent (TRENT) had a P/E of 86.6× on 6 Nov 2026, above the industry P/E of 35.3×, and the shares are 33% below their 52-week high. Sales and net profit grew 35% and 57% a year over 3 years, with ROCE of 28% and ROE of 27%. Debt is 0.29× equity, and its dividend yield is 0.1%. It is a large-cap company with a market cap of ₹1.6 lakh crore, the largest of 14 Apparel Retail companies by market cap; the shares fell 34% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹3,049.00
Day high
₹3,079.00
Day low
₹3,005.60
Prev. close
₹3,055.00
Volume
5.8 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsIn line

    −34.5% over a year, better than 3 of 7 peers.

  • Price tagPricier

    P/E 86.6 vs industry 35.3.

  • GrowthStrong

    Sales +34.7%, profit +57.0% a year over 3 years.

  • ProfitabilityStrong

    ROCE 28.2% vs peer median 13.4%.

  • Balance sheetFair

    Debt 0.29× equity, interest covered 14.3×, Piotroski 5 of 9.

  • Red flags2 to check

    P/E of 86.6 against an industry P/E of 35.3.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Apparel Retail

13 listed peers. Screen the industry

Large cap

₹1.6L Cr, the largest of 14 in its industry.

Defensive

Beta 0.30 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹22,001 Cr · profit ₹1,896 Cr
Market cap
₹1.6L Cr
Large cap
P/E
86.6
Industry 35.3
Price to book
21.13
Peers 6.48
Dividend yield
0.13%
ROE
27.1%
Peers 15.0%
ROCE
28.2%
Peers 13.4%
Debt to equity
0.29
Debt ₹2,328 Cr
EPS (TTM)
₹35.55
Face value ₹1
OPM (TTM)
19.2%
Net margin 8.6%
Sales growth
+21.9%
Latest quarter vs a year ago
Profit growth
+23.1%
Latest quarter vs a year ago
Price to sales
7.46
EV/EBITDA 50.1

Strengths and risks

Strengths

  • Return on equity of 27.1%.
  • Return on capital employed of 28.2%.
  • Quarterly profit up 23.1% on a year ago.
  • Quarterly sales up 21.9% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 86.6 against an industry P/E of 35.3.
  • 33% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Trent

Trent Limited engages in the retailing and trading of apparels, footwear, accessories, food, grocery, and non-food products in India. The company provides apparel, footwear, and accessories for men, women, and children, as well as furnishings, decor, and a range of home accessories under the Westside brand; apparels and footwear for men, women, and children under the Zudio brand; apparel, footwear, innerwear, beauty, and accessories for women under the…

Headquarters
Mumbai
Employees
31,226
Sector
Consumer Cyclical
ISIN
INE849A01020
Website
trentlimited.com

Price range

52 weeks

₹2,183.67₹4,579.90

Today

₹3,005.60₹3,079.00
Avg volume (3M)
9.2 L
1-year return
minus 34.5%
From 52-week high
minus 32.8%

Analyst consensus

27 analysts
BuyMean target ₹3,397.35 plus 10.3%

Target range, with today’s price

Low ₹2,815.00High ₹4,374.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Apparel Retail

Compare with peersScreen the whole industry
Company
TRENTTrent3,079.00plus 0.79%1,64,18286.621.1328.2%27.1%19.2%34.7%57.0%0.13%minus 34.5%
METROBRANDMetro Brands824.55minus 2.74%22,47754.410.75–21.2%30.1%––0.73%minus 25.0%
ABLBLAditya Birla Lifestyle Brands76.99minus 0.65%9,35146.96.4813.2%15.0%39.5%––0.65%minus 43.5%
V2RETAILV2 Retail173.50plus 7.54%6,32634.27.0120.6%26.0%14.8%54.1%–0.00%minus 34.2%
ARVINDFASNArvind Fashions342.85minus 3.27%4,58534.74.8619.6%16.5%13.2%9.0%49.4%0.47%minus 35.3%
PERNIASPOPPurple Style Labs491.05minus 5.39%3,931–8.35−65.6%−901.4%−21.4%14.7%–0.00%minus 13.6%
STYLEBAAZABaazar Style Retail390.75plus 4.84%3,09262.16.4713.5%11.0%4.1%32.7%109.4%0.00%plus 11.9%
GOCOLORSGo Fashion (India)270.34plus 2.25%1,42235.31.9911.4%5.6%27.4%8.0%−10.6%0.00%minus 59.0%
Median of 7 peers–−0.65%4,58541.16.4813.4%15.0%14.8%14.7%49.4%0.00%−34.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
4,8185,3455,0285,7555,873
4,0014,2644,1014,6264,795
8171,0819271,1291,078
17.0%20.2%18.4%19.6%18.4%
26.530.711.820.15.1
41.642.943.84744.3
325367377410420
–−26.1–––
477676519692619
21.7%24.5%20.4%25.1%24.4%
377513400519464
10.609.617.519.738.70

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+34.7%
Profit CAGR 3Y
+57.0%
EPS CAGR 3Y
+56.9%
ROE
27.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8,11212,20516,87419,850
–+50.5%+38.2%+17.6%
7,00410,25014,07416,110
1,1081,9562,8003,740
13.7%16.0%16.6%18.8%
77.911781.910.7
369319139168
4946728961,362
23083918215.9
5521,9212,0302,236
28.7%23.1%24.4%23.0%
4451,4871,5471,720
–+234.4%+4.0%+11.2%
8.3427.8829.0132.25

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
35.635.635.635.6
2,5604,0325,4266,949
4,4641,7532,2372,561
1,0221,3411,7212,183
8,0827,1629,42011,729
4,7553,0794,6486,621
3347308531,204
7999.4280264
6291,014973929
2,2852,2402,6652,711
8,0827,1629,42011,729

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
5951,3491,6612,668
−103−508−924−1,578
−491−629−694−1,148
0.821143.6−58.4
−503−737−1,268−1,763
91.5612393905
−39.3−78.3−114−177

Shareholding pattern

Source: NSE filings
37.0%
promoters
  • Promoters37.01%
  • Public62.99%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202637.01%62.99%0.00
30 Jun 202637.01%62.99%0.00
31 Mar 202637.01%62.99%0.00
31 Dec 202537.01%62.99%0.00
30 Sep 202537.01%62.99%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you