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TRENT - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.7

Stock Code TRENT Market Cap 1,32,558 Cr. Current Price 3,729 ₹ High / Low 6,261 ₹
Stock P/E 78.3 Book Value 186 ₹ Dividend Yield 0.13 % ROCE 28.6 %
ROE 27.2 % Face Value 1.00 ₹ DMA 50 4,110 ₹ DMA 200 4,776 ₹
Chg in FII Hold -1.19 % Chg in DII Hold 1.53 % PAT Qtr 451 Cr. PAT Prev Qtr 423 Cr.
RSI 34.7 MACD -110 Volume 6,71,475 Avg Vol 1Wk 8,46,818
Low price 3,693 ₹ High price 6,261 ₹ PEG Ratio 1.00 Debt to equity 0.35
52w Index 1.40 % Qtr Profit Var 6.45 % EPS 47.6 ₹ Industry PE 43.7

📊 Core Financials

  • Revenue Growth: Quarterly PAT improved from 423 Cr. to 451 Cr., showing steady growth.
  • Profit Margins: EPS at 47.6 ₹ reflects strong profitability.
  • Debt Ratios: Debt-to-equity at 0.35, moderate leverage manageable for expansion.
  • Cash Flows: Likely positive given consistent earnings and dividend payouts.
  • Return Metrics: ROCE at 28.6% and ROE at 27.2% highlight excellent capital efficiency.

💹 Valuation Indicators

  • P/E Ratio: 78.3, significantly higher than industry average (43.7), suggesting premium valuation.
  • P/B Ratio: ~20.0 (Current Price / Book Value), very expensive relative to book value.
  • PEG Ratio: 1.00, indicates valuation is aligned with growth expectations.
  • Intrinsic Value: Current price (3,729 ₹) trades below DMA 50 (4,110 ₹) and DMA 200 (4,776 ₹), signaling undervaluation in technical terms despite premium fundamentals.

🏢 Business Model & Competitive Advantage

  • TRENT operates in retail (Westside, Zudio, Star Bazaar), benefiting from strong brand presence and consumer demand.
  • Competitive advantage lies in diversified retail formats, brand equity, and expansion strategy.
  • Strong return ratios and consistent profitability provide resilience in consumer discretionary markets.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive near 3,600–3,700 ₹, close to current levels and below DMA averages.
  • Long-Term Holding: Suitable for investors seeking exposure to retail growth. Strong fundamentals support holding, though valuation premium should be monitored.

Positive

  • Quarterly PAT improved from 423 Cr. to 451 Cr.
  • ROCE (28.6%) and ROE (27.2%) highlight excellent capital efficiency.
  • DII holdings increased (+1.53%), reflecting domestic institutional confidence.

Limitation

  • High P/E ratio compared to industry average.
  • P/B ratio at ~20.0 suggests expensive valuation.
  • Dividend yield at 0.13% offers negligible shareholder return.

Company Negative News

  • FII holdings decreased (-1.19%), showing reduced foreign investor confidence.
  • Stock trading below DMA 50 and DMA 200, reflecting bearish sentiment.

Company Positive News

  • Quarterly PAT growth of 6.45% indicates steady operational performance.
  • Strong brand-driven expansion continues to support earnings momentum.

Industry

  • Retail industry trades at P/E of 43.7, much lower than TRENT’s valuation.
  • Sector benefits from rising consumer demand, urbanization, and premiumization trends.

Conclusion

  • TRENT is fundamentally strong with excellent return ratios, profitability, and brand-led growth.
  • Valuation is stretched compared to industry, limiting near-term upside.
  • Best suited for long-term investors seeking retail exposure, with entry near 3,600–3,700 ₹ offering better value.

I can also prepare a retail sector peer comparison HTML table (TRENT vs Avenue Supermarts, Aditya Birla Fashion, Shoppers Stop) to highlight relative valuation and efficiency metrics if you’d like.

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