Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 23920.75 Crore) operating in Retail sector.
Getty ImagesPromoters held 37 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.1 per cent, DIIs 14.6 per cent and public and others 25.2 per cent.
Motilal Oswal has given a neutral rating to Trent with a target price of Rs 630. The share price moved up by 1.37 per cent from its previous close of Rs 673.90. The stock’s last traded price is Rs 683.10.
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 23920.75 Crore) operating in Retail sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 585.38 Crore, up 135.65 % from last quarter Sales of Rs 248.41 Crore and down -31.52 % from last year same quarter Sales of Rs 854.87 Crore Company reported net profit after tax of Rs -62.34 Crore in latest quarter.
Investment Rationale TRENT’s superior execution and healthy balance sheet warrants premium valuations, but the current challenging environment could impact discretionary spends, leading to prolonged earnings recovery. TRENT currently trades at FY22E EV/EBITDA of 45x. It's SOTP-based TP of INR630 values the standalone and Zara EBITDA at 30x EV/EBITDA and Star at 1x EV/sales on FY22E.
Promoter/FII Holdings Promoters held 37 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.1 per cent, DIIs 14.6 per cent and public and others 25.2 per cent.
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