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Trent Limited (TRENT) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.5T

TL Trent Limited TRENT · NSE
Price₹3,107
Fair Value₹1,277
Upside-58.9%
Quality62/100
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Mixed Growth
Thin margins · 8.6% net margin
Low debt · generates free cash flow
0.14% dividend yield
Mixed vs. peers (8/14)
Wide moat 68/100
Evidence: High Range ₹876.26 – ₹2,413 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from ₹709.49 to ₹1,277 (+80.0%) since Jun 24, 2026. Share price +6.4% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹2,413). The favourable scenario is already priced in.
  • The model range is unusually wide (₹876.26 to ₹2,413). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹5,487 ₹475.88 Fair Value ₹1,277 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ₹475.88 – ₹5,487 · fair‑value band ₹876.26 – ₹2,413 · the ₹3,107 price screens above the ₹1,277 fair value. Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Trent Limited (TRENT) currently trades at ₹3,107, while our model-based Fair Value estimate is ₹1,277, implying the stock looks roughly 58.9% overvalued today. We read business quality at 62/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Trent Limited generated revenue of ₹201B at a net margin of 8.6%. Revenue grew 19.2% year over year. It earns a return on equity of 27.1%. Net debt stands at ₹22.8B. Fundamentals as of Jul 12, 2026

Our scenario range runs from ₹876.26 (bear case) to ₹2,413 (bull case); at ₹3,107, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 120% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -45% fair-value upside, at -59%, TRENT screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ₹290.86 ₹557.82 ₹1,121 80
Residual Income ₹241.43 ₹349.34 ₹2,827 76
Rev-Margin DCF ₹407.18 ₹866.99 ₹1,672 74
All 26 models by family
DCF Models
FCF DCF ₹308.29 ₹493.85 ₹1,101 38
Owner Earnings ₹416.78 ₹969.48 ₹2,182 31
5Y Revenue Exit ₹407.18 ₹759.37 ₹1,493 39
5Y EBITDA Exit ₹597.53 ₹1,149 ₹2,221 41
5Y P/E Exit ₹453.78 ₹1,051 ₹1,868 38
10Y Revenue Exit ₹368.25 ₹911.23 ₹1,334 36
10Y EBITDA Exit ₹528.01 ₹1,323 ₹2,835 37
10Y P/E Exit ₹421.30 ₹1,012 ₹2,058 35
Earnings-Based
Graham-Dodd ₹219.30 ₹1,529 ₹2,146 54
Lynch FV ₹547.21 ₹781.73 ₹1,016 50
PEG = 1.0 ₹547.21 ₹781.73 ₹1,016 46
EPV ₹342.29 ₹401.76 ₹454.62 59
Dividend Discount
Gordon GGM ₹32.01 ₹69.89 ₹117.60 70
DDM Multi-Stage ₹32.01 ₹57.25 ₹72.84 61
Multiples
P/E Multiple ₹483.74 ₹644.99 ₹806.24 63
P/S Multiple ₹411.18 ₹548.24 ₹685.30 58
P/B Multiple ₹294.72 ₹392.96 ₹491.20 55
EV/EBIT ₹590.66 ₹785.79 ₹980.92 53
EV/EBITDA ₹677.08 ₹901.01 ₹1,125 54
EV/Revenue ₹399.87 ₹568.98 ₹738.09 43
Asset-Based
NCAV (Graham) ₹65.49 ₹87.76 ₹130.99 50
Growth DCF
Growth DCF ₹290.86 ₹557.82 ₹1,121 80
Rev-Margin DCF ₹407.18 ₹866.99 ₹1,672 74
Economic Profit
Residual Income ₹241.43 ₹349.34 ₹2,827 76
ROIC Compounder ₹445.16 ₹672.30 ₹1,001 72
Growth Earnings
Growth-Adj P/E ₹694.98 ₹992.82 ₹1,291 68

Widest divergence: Growth Earnings (₹992.82) versus Dividend Discount (₹57.25). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹201B
Revenue growth (YoY) +19.2%
Net margin 8.6%
Return on equity 27.1%
Free cash flow ₹9.0B FY2026
P/E ratio 86.2
More key figures
Operating margin 11.1%
EPS (TTM) ₹32.22
Dividend yield 0.1%
EPS growth (YoY) +25.8%
Net debt ₹22.8B FY2026

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 58

Profitability 82
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 32
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Trent Limited engages in the retailing and trading of apparels, footwear, accessories, food, grocery, and non-food products in India.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹201B
Latest YoY
+17.2%
Avg. growth/yr (3Y)
+34.5%
Avg. growth/yr (5Y)
+50.6%
Avg. growth/yr (21Y)
+23.6%
Revenue +45.3%/yr
FY22 ₹45.0B
FY23 ₹82.4B
FY24 ₹124B
FY25 ₹171B
FY26 ₹201B
Net income +100.8%/yr
FY22 ₹1.1B
FY23 ₹4.4B
FY24 ₹14.9B
FY25 ₹15.5B
FY26 ₹17.2B

TRENT screens 59% overvalued. Compare with Industria de Diseño Textil, S.A →

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Cite: Fair Value Calculator (2026). "Trent Limited Fair Value". https://www.fairvalue-calculator.com/stock/TRENT

Peer Group

Apparel Retail · 106 stocks

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.

Quality Score 62 · Top 25%
Fair Value upside −59% · Bottom 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 14% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 90.1× · Pricier than 75% of peers
P/B 22.16× · Pricier than 75% of peers
P/S (TTM) 7.71× · Pricier than 75% of peers
P/FCF 1.8× · Cheaper than median
EV/EBITDA 55.9× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 33
FUTURE 96 · sector 18
PAST 100 · sector 36
HEALTH 100 · sector 100
DIVIDEND 3 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €58.44 €23.29 -60%
The TJX Companies, Inc TJX $154.46 $84.95 -45%
Fast Retailing Co 6288 HK$40.00 HK$15.37 -62%
Ross Stores, Inc ROST $233.46 $118.41 -49%
Burlington Stores, Inc BURL $327.72 $147.08 -55%
lululemon athletica inc., LULU $116.33 $299.63 +158%
Aritzia Inc ATZ C$160.05 C$87.26 -45%
The Gap, Inc GAP $20.35 $37.12 +82%
Urban Outfitters, Inc URBN $72.95 $92.88 +27%
Boot Barn Holdings BOOT $164.32 $128.55 -22%

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Frequently asked questions

Is Trent Limited (TRENT) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ₹1,277 versus a price of ₹3,107, about −59% (overvalued).
What is the fair value of TRENT?
Our model-based fair value for Trent Limited is ₹1,277 (as of Jul 12, 2026), built from audited fundamentals. The current price is ₹3,107.
What is the quality score of TRENT?
Trent Limited has a Quality Score of 62/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Trent Limited (TRENT)?
Trent Limited reported trailing-twelve-month revenue of about ₹201B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of TRENT?
The net profit margin of Trent Limited is about 8.6%, meaning it keeps roughly 8.6% of revenue as net income. Based on the latest reported figures.
Does Trent Limited pay a dividend?
Trent Limited currently shows a dividend yield of about 0.14% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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