Trent Limited (TRENT) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Trent Limited stock ₹1,277, price ₹3,055, that is 58.2% below the price, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ₹577.76 – ₹5,487 · fair‑value band ₹736.45 – ₹1,596 · the ₹3,055 price screens above the ₹1,277 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 3, 2026.
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Trent Limited engages in the retailing and trading of apparels, footwear, accessories, food, grocery, and non-food products in India.
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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.
Stock analysis
Trent Limited (TRENT) currently trades at ₹3,055, while our model-based Fair Value estimate is ₹1,277, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,031 per share, and 0 of the 26 models we run sit above the ₹3,055 price.
Bear case: the Economic Profit group reads lowest at ₹286.69, and 26 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹736.45 (bear) to ₹1,596 (bull), the price of ₹3,055 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Trent Limited reported revenue of ₹201B in FY2026 versus ₹45.0B in FY2022, a compound +45.3%/yr. Reported net income was ₹17.2B in FY2026, compounding +100.8%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹1.6T (≈ $17.2B) Large · P/E ratio 85.9 · P/S ratio 7.41 · EPS (TTM) ₹35.55 · Dividend yield 0.3% · Net margin 8.6% · Return on equity 27.1% · Return on assets (EBIT) 28.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 39% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −8% fair-value upside, at −58%, TRENT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹45.53 to ₹1,529). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹736.45Fair Value ₹1,277Bull₹1,596
Price ₹3,055 · Downside -58.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹15.40 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF₹286.88₹424.88₹843.4677
Growth DCF₹269.26₹456.84₹809.3076
EPV₹289.22₹330.30₹364.9974
All 26 models by family
DCF Models
FCF DCF₹286.88₹424.88₹843.4677
Owner Earnings₹272.42₹573.67₹1,15171
5Y Revenue Exit₹329.12₹592.92₹1,14069
5Y EBITDA Exit₹526.78₹996.54₹1,91071
5Y P/E Exit₹464.94₹1,070₹1,89567
10Y Revenue Exit₹303.96₹693.19₹982.8365
10Y EBITDA Exit₹451.33₹1,085₹2,28063
10Y P/E Exit₹409.14₹962.35₹1,93859
Earnings-Based
Graham-Dodd₹219.30₹1,529₹2,14663
Lynch FV₹547.21₹781.73₹1,01661
PEG = 1.0₹547.21₹781.73₹1,01657
EPV₹289.22₹330.30₹364.9974
Dividend Discount
Gordon GGM₹27.18₹50.88₹72.4667
DDM Multi-Stage₹27.18₹45.53₹54.1267
Multiples
P/E Multiple₹532.12₹709.49₹886.8663
P/S Multiple₹338.82₹451.76₹564.6958
P/B Multiple₹388.91₹518.55₹648.1855
EV/EBIT₹542.63₹737.76₹932.8966
EV/EBITDA₹577.37₹784.08₹990.7967
EV/Revenue₹273.47₹409.00₹544.5353
Asset-Based
NCAV (Graham)₹64.82₹86.86₹129.6454
Growth DCF
Growth DCF₹269.26₹456.84₹809.3076
Rev-Margin DCF₹329.12₹676.93₹1,28469
Economic Profit
Residual Income₹188.83₹286.69₹615.0070
ROIC Compounder₹360.24₹507.13₹701.2071
Growth Earnings
Growth-Adj P/E₹721.79₹1,031₹1,34067
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+17.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+50.6%
Start year 2021 (pandemic). Over 10 years: +28.9% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+71.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+71.5%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.71.5% vs 34.2%, picking up
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 12%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+47.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +41.2% a year for the price and +13.3% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Retail · 102 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−58.2% · Bottom 25%
Profitability
Return on equity (12 months)27.1% · Top 25%
Return on assets14.7% · Top 25%
Net margin (12 months)8.6% · Above median
Operating margin (12 months)11.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)21.9% · Top 25%
Dividend yield (12 months)0.3% · Bottom 25%
Valuation Multiplesvs Apparel Retail median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Trent Limited Fair Value". https://www.fairvalue-calculator.com/stock/TRENT
Frequently asked questions
Is Trent Limited (TRENT) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ₹1,277 versus a price of ₹3,055, about 58% lower (overvalued).
What is the fair value of TRENT?
Our model-based fair value for Trent Limited is ₹1,277 (as of Nov 3, 2026), built from audited fundamentals. The current price: ₹3,055.
What is the quality score of TRENT?
Trent Limited has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Trent Limited (TRENT)?
Our model-based price target is the fair value of ₹1,277 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario ₹736.45, optimistic scenario ₹1,596. It is a calculation from audited fundamentals, not an analyst target.
What is the Trent Limited stock forecast for 2026?
Our models put fair value at ₹1,277, about 58% lower versus a price of ₹3,055 (overvalued). Cautious scenario ₹736.45, optimistic scenario ₹1,596. The calculation is refreshed regularly with new filings.
What is the revenue of Trent Limited (TRENT)?
Trent Limited reported trailing-twelve-month revenue of about ₹220B (latest available figure, as of Nov 3, 2026).
Does Trent Limited pay a dividend?
Trent Limited currently shows a dividend yield of 0.33% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Trent Limited (TRENT)?
For today's price to be fair in a discounted-cash-flow model, Trent Limited would have to grow free cash flow by +47.1 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +50.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of TRENT use?
Our models discount Trent Limited at 10.4 %: a base by market capitalisation (large), damped by beta 0.31, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Trent Limited that is +47.1 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Trent Limited (TRENT) delivered so far?
Over the past 5 years revenue at Trent Limited grew +50.6 % a year. The price currently implies +47.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Trent Limited (TRENT) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Trent Limited (+47.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Trent Limited (TRENT)?
The free-cash-flow yield on the price is 0.83 %: that much free cash flow Trent Limited produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Trent Limited (TRENT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trent Limited it is ₹1,277 per share (as of Nov 3, 2026), against a price of ₹3,055. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Trent Limited stock overvalued or undervalued in 2026?
As of Nov 3, 2026, TRENT trades above its calculated fair value: price ₹3,055, fair value ₹1,277, a gap of about −58% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TRENT?
No. The price is what the market pays today (₹3,055); the fair value is what the company's own numbers justify (₹1,277). For Trent Limited the two are ₹1,778 per share apart. That gap is exactly why we show both numbers side by side.
How much is Trent Limited worth?
The market values Trent Limited at about ₹1.6T (market capitalisation, as of Nov 3, 2026). Per share that is ₹3,055; our models calculate a fair value of ₹1,277 per share.
What do the bullish and bearish scenarios say about TRENT?
Our models span a range for Trent Limited: cautious scenario ₹736.45, base ₹1,277, optimistic ₹1,596 per share (as of Nov 3, 2026, price ₹3,055). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TRENT?
Trent Limited trades at a price-to-earnings ratio of 85.9 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,277 is built from several models across several years. Other multiples: P/B 23.3, P/S 7.4, EV/EBITDA 49.2.
How solid is the balance sheet of Trent Limited (TRENT)?
Balance-sheet figures for Trent Limited (as of Nov 3, 2026): return on equity 27.1%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is TRENT from its 52-week high?
Trent Limited trades at ₹3,055, about 9% below its 52-week high of ₹3,340 and 39% above the low of ₹2,199 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,277 is for.
Which stocks are comparable to Trent Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, The TJX Companies, Inc, Fast Retailing Co, Ross Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Trent Limited stock attractive at the current price?
The data as of Nov 3, 2026: price ₹3,055, calculated fair value ₹1,277 (−58%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TRENT calculated?
We run Trent Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,277, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Trent Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Trent Limited (TRENT)?
The closing price on Nov 5, 2026 was ₹3,055. Our model-based fair value is ₹1,277, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Trent Limited right now?
The price sits above even our optimistic bull case (₹1,596). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹736.45 to ₹1,596) leaves room in how you read the outcome.
Where does the earnings growth of Trent Limited (TRENT) come from?
Earnings per share at Trent Limited grew +36.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +26.3 %, EBIT margin −1.2 %, tax rate +1.9 %, residual (interest, one-offs) +7.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Trent Limited
How large is the market capitalisation of Trent Limited (TRENT)?
The market capitalisation of Trent Limited is ₹1.6T (≈ $17.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Trent Limited (TRENT)?
The price-to-sales ratio of Trent Limited is 7.41 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Trent Limited (TRENT)?
Earnings per share at Trent Limited are ₹35.55 (price ÷ EPS = P/E 85.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Trent Limited (TRENT)?
The dividend yield of Trent Limited is 0.3% (payout 28.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Trent Limited (TRENT)?
The net margin of Trent Limited is 8.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Trent Limited (TRENT)?
The return on equity (ROE) of Trent Limited is 27.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Trent Limited (TRENT)?
On an EBIT basis the return on assets of Trent Limited is 28.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Trent Limited (TRENT)?
The operating margin of Trent Limited is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Trent Limited (TRENT)?
Revenue at Trent Limited is growing +21.9% versus a year earlier (3y avg +34.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Trent Limited (TRENT)?
Earnings per share at Trent Limited are growing +23.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Trent Limited (TRENT) carry?
The net debt of Trent Limited is ₹22.8B (fiscal year 2026, ≈ 2.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 3, 2026