TRENT · Retail (Apparel) · INE849A01020
Analyst mean 2.20 · 25 analysts · 50% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 155% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹2,668 cr against trailing net profit ₹1,721 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Both revenue and profit grew over the last year (17.2% and 12.1%) — growth is translating to the bottom line.
Trailing revenue ₹20,074 cr, trailing profit ₹1,721 cr. Profit growing at least as fast as revenue indicates operating leverage or pricing power.
Free cash flow swings between positive and negative across the cycle.
Latest ₹931 cr, negative in 5 of 12 years.
Borrowings rose 46% over two years while the company also carries ₹1,385 cr in investments. Why borrow at interest while parking money elsewhere is a fair question.
Borrowings moved to ₹2,561 cr from ₹1,753 cr. Simultaneous large investments can be legitimate treasury management, or a sign that reported cash is not freely available.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,104 | 4,157 | 4,657 | 4,217 | 4,883 | 4,818 | 5,345 | 5,028 |
| Expenses | 3,491 | 3,511 | 3,809 | 3,566 | 4,036 | 4,002 | 4,264 | 4,117 |
| Other Income | 101 | 51 | 80 | 74 | 50 | 28 | 5 | 28 |
| Depreciation | 181 | 197 | 245 | 272 | 293 | 325 | 367 | 377 |
| Profit before tax | 501 | 467 | 646 | 416 | 565 | 477 | 676 | 519 |
| Net Profit | 391 | 335 | 497 | 312 | 425 | 373 | 510 | 413 |
| EPS | 7.36 | 6.35 | 9.33 | 5.97 | 8.06 | 7.07 | 9.62 | 7.51 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 36 | 36 | 36 | 36 | 36 | 36 |
| Reserves | 2,277 | 2,328 | 2,560 | 4,032 | 5,426 | 6,949 |
| Borrowings | 2,964 | 4,725 | 4,464 | 1,753 | 2,237 | 2,561 |
| Fixed Assets | 3,054 | 4,687 | 4,527 | 2,450 | 3,895 | 5,519 |
| CWIP | 108 | 105 | 102 | 224 | 180 | 254 |
| Investments | 1,487 | 1,284 | 1,110 | 1,416 | 1,480 | 1,385 |
| Total Assets | 5,724 | 7,726 | 8,082 | 7,162 | 9,420 | 11,729 |