TRENT · NSE

Trent Limited

₹2,824

+1.25% (+₹35)

Prev. close

₹2,789

Volume

9,25,467

Delivery %

73.8%

As of

18 Sept 2026

Price history

Bullish

Morgan Stanley Analysis · Morgan Stanley India · 08 Sept 2026

Overweight rating on Trent in the consumer discretionary space, despite the stock delivering a negative 47% return over the past 12 months, underperforming MSCI India by 45%.

Published mid-session at 09:57 IST. Tracking counts only prices printed after publication — the chart's dashed divider marks that moment; earlier prices never count toward entry or results.

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Morgan Stanley Analysis's call · 08 Sept 2026

Analyst sentiment

Analysts lean bullish

1 analyst stance · last 90 days · one per analyst

Trackable

1 · 1 bull / 0 neutral / 0 bear

Long-Horizon

none in window

Commentary

none in window

Trackable = verdict-bearing calls · Long-Horizon = 1yr+ horizon, verdict pending · Commentary = context, not graded

Bullish 100% (1)Neutral 0% (0)Bearish 0% (0)
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Analyst opinions

CallAnalystInstrumentVerdictActions
Overweight rating on Trent in the consumer discretionary space, despite the stock delivering a negative 47% return over …Morgan Stanley AnalysisMorgan Stanley IndiaTrent LtdPENDING
Overweight rating on Trent in the consumer discretionary space, despite the stock delivering a negative 47% return over the past 12 months, underperforming MSCI India by 45%.

This call hasn't reached its evaluation window yet — the verdict will appear here once it's graded.

Fundamentals

About Trent Limited

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 Utsa brand; and luxurious, differentiated, and elevated occasion wear for men and women under the Samoh brand. It also operates Star Hypermarket, a convenience store chain that offers a range of products, including staple foods, beverages, health and beauty products, apparel, home furnishings, vegetables, fruits, dairy, and non-vegetarian products; and Booker Wholesale, a cash and carry chain of stores, which provides various products, such as staple foods, beverages, health and beauty products, dairy, non-vegetarian products, and non-food products to caterers, retailers, and other businesses. In addition, the company engages in the operation of StarQuik for online grocery retailing. Further, it operates a youth-focused fashion brand under the Burnt Toast brand name. Additionally, the company engages in the provision of business support and outsourcing services relating to accounting, merchandising, human resources, payroll, sourcing, warehousing, distribution, etc.; franchisee business; invest and deploy funds related to acquisition, purchase, development, construction, leasing, sale, or otherwise dealing in real estate properties; and investment activities. It offers its products online through Westside.com, Tata CliQ, and Tata Neu, as well as My Star App. Trent Limited was incorporated in 1952 and is based in Mumbai, India.

Details

Sector

Consumer Cyclical

Industry

Apparel Retail

CEO

Mr. Venkatesalu Palaniswamy

Headquarters

Mumbai

Employees

31,226

Key stats

Market cap

₹1.49 L Cr

P/E ratio (TTM)

82.0

Dividend yield

0.14%

EPS (TTM)

₹34.03

Beta (1Y · daily vs NIFTY 50)

1.28

Beta (5Y · monthly vs NIFTY 50)

1.83

Shares float

30.21 Cr

EPS · quarter ended Jun 2026

₹9.73

Upcoming earnings

05 Nov 2026

Financial Performance

01 · Financials

-25000 Cr0 Cr25000 Cr-10000%0%10000%20000%FY21FY22FY23FY24FY25FY26
RevenueNet incomeEBITDARevenue growth YoY

FY21 growth needs FY20 filings, which the data source doesn't provide.

02 · Earnings Per Share (EPS)

-2002040FY21FY22FY23FY24FY25FY26

03 · Dividend Profile

01234-50%0%50%100%24 Jul 2009 Jul 2122 Feb 2220 May 2225 May 2322 May 2412 Jun 2512 Jun 26
Dividend (₹/share)Annualised yieldAnnual dividend growth (FY)

Growth compares completed fiscal-year dividend totals on the company's own calendar: April–March (Indian FY), taken from its reported period-ends. Payout ledger: NSE corporate actions.

04 · Operating Efficiency (Growth Rates)

Balance-sheet-based · pre-FY23 not filed in verifiable form

-10000%0%10000%20000%FY21FY22FY23FY24FY25FY26
SalesFixed assetsReceivables (trade + unbilled)Inventory

05 · Capital Structure & Asset Utilization

Pre-FY23 not filed in verifiable form

0 Cr5000 Cr10000 Cr15000 CrFY21FY22FY23FY24FY25FY26
Total assetsTotal debtDebt / equityAsset turnover

Asset turnover needs a prior year of assets — omitted for the earliest available year.

06 · Asset Base Composition

Pre-FY23 not filed in verifiable form

0 Cr5000 Cr10000 Cr15000 CrFY21FY22FY23FY24FY25FY26
Fixed assetsCurrent assetsOther assets

07 · Debt Level & Coverage

Pre-FY23 not filed in verifiable form

-2500 Cr0 Cr2500 Cr5000 CrFY21FY22FY23FY24FY25FY26
DebtFree cash flowCash & equivalents

08 · Profit & Loss

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹2,592.96 Cr₹44.98 Cr₹8,242.02 Cr₹12,375.11 Cr₹16,873.72 Cr₹20,074.21 Cr
EBITDA₹372.50 Cr₹7.22 Cr₹1,415.64 Cr₹2,911.77 Cr₹3,064.24 Cr₹3,762.12 Cr
₹-146.17 Cr₹1.06 Cr₹444.63 Cr₹1,486.80 Cr₹1,546.72 Cr₹1,719.65 Cr
Diluted EPS₹-2.74₹1.99₹8.34₹27.88₹29.01₹32.25

Total expenses (as filed), Employee benefit expense, Other expenses, Other income have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

09 · Balance Sheet

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹5,723.73 Cr₹7,726.02 Cr₹8,081.53 Cr₹7,161.75 Cr₹9,419.64 Cr₹11,728.58 Cr
₹2,963.63 Cr₹4,725.36 Cr₹4,464.14 Cr₹1,752.99 Cr₹2,237.19 Cr₹2,561.25 Cr
Stockholders' equity₹2,277.48 Cr₹2,328.45 Cr₹2,559.94 Cr₹4,067.74 Cr₹5,461.74 Cr₹6,984.68 Cr

CWIP, Others have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source doesn’t publish quarterly balance-sheet detail for most NSE-listed companies.

10 · Cash Flow Statement

Annual

Line itemFY21FY22FY23FY24FY25FY26
₹373.85 Cr₹58.48 L₹594.88 Cr₹1,348.98 Cr₹1,660.90 Cr₹2,667.62 Cr
Investing cash flow₹15.65 Cr₹56.03 L₹-102.64 Cr₹-508.22 Cr₹-923.67 Cr₹-1,578.36 Cr
₹-371.92 Cr₹-1.08 Cr₹-491.41 Cr₹-629.45 Cr₹-693.67 Cr₹-1,147.61 Cr
Capital expenditure₹-113.36 Cr₹-2.71 Cr₹-503.40 Cr₹-736.95 Cr₹-1,268.19 Cr₹-1,762.85 Cr
End cash position₹75.63 Cr₹82.39 Cr₹83.23 Cr₹294.55 Cr₹338.47 Cr₹281.36 Cr

Debt issued, Debt repaid have filed figures for only some of the years shown — no further verified source covers the rest, so those years are left blank rather than estimated.

Annual only — the data source has no quarterly cash-flow-statement coverage.

11 · Shareholding Pattern

NSE, quarterly

Line itemSep 21Jun 26(19Q)
Promoter37.01%
Public62.99%
Employee trusts0.00%

Source: NSE quarterly shareholding-pattern filings, collapsed to periods where the reported percentages held steady — a column spanning several quarters means no change was filed across them. No FII/DII sub-split available from this source — Public includes all non-promoter, non-employee-trust holders.

12 · Peer Comparison

Consumer Cyclical

Company
Titan Company Limited₹4.36 L Cr₹4,84175.427.7432.3%1.95+44.8%+37.4%
Maruti Suzuki India Limited₹3.88 L Cr₹12,10327.03.6213.7%0.00+20.1%-23.5%
Mahindra & Mahindra Limited₹3.69 L Cr₹3,076.518.73.9618.4%1.44+24.1%-15.3%
Bajaj Auto Limited₹3.18 L Cr₹11,50027.68.2027.7%0.58+22.6%+26.6%
ETERNAL LIMITED₹2.97 L Cr₹326.85671.69.581.2%0.15+168.6%-3.3%
Eicher Motors Limited₹2.06 L Cr₹7,51635.78.2022.0%0.02+23.9%+8.5%
TVS Motor Company Limited₹1.95 L Cr₹4,171.355.920.3831.6%3.43+29.2%+17.6%
Hyundai Motor India Limited₹1.74 L Cr₹2,15535.78.6927.1%0.05+2.1%-17.2%
Samvardhana Motherson International Limited₹1.70 L Cr₹162.5738.94.169.4%0.47+11.1%+49.2%
Tata Motors Limited₹1.63 L Cr₹442.937.912.8123.8%0.44+44.3%
Trent Limited₹1.49 L Cr₹2,82482.021.2924.6%0.37+17.6%-45.1%
Bosch Limited₹1.41 L Cr₹47,00059.79.4818.7%0.01+10.8%+17.8%

Ranked by market cap within Consumer Cyclical, same metrics as the Fundamentals screener. Click a column to sort.

Documents

Annual reports

Show all 30

Official documents linked from their sources — offer documents as filed with SEBI (sebi.gov.in), annual reports and earnings-call transcripts as published on BSE (bseindia.com) and NSE (nseindia.com). Links open the source's own hosting; nothing is re-hosted here.

Index membership

53 indices

NSE weights are a free-float market-cap-share estimate, not NSE’s own published (and sometimes capped) index weight. BSE weights are BSE’s own published index weight, not an estimate. Indices without weight data are listed without one, in alphabetical order after the weighted ones.

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