Trent Limited
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; ethnic apparels,… Read more
Trent Limited (TRENT) - Net Assets
Latest net assets as of September 2025: ₹62.15 Billion INR
Based on the latest financial reports, Trent Limited (TRENT) has net assets worth ₹62.15 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹107.35 Billion) and total liabilities (₹45.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹62.15 Billion |
| % of Total Assets | 57.89% |
| Annual Growth Rate | 17.32% |
| 5-Year Change | 136.83% |
| 10-Year Change | 285.48% |
| Growth Volatility | 23.77 |
Trent Limited - Net Assets Trend (2005–2025)
This chart illustrates how Trent Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trent Limited (2005–2025)
The table below shows the annual net assets of Trent Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹55.83 Billion | +36.09% |
| 2024-03-31 | ₹41.03 Billion | +54.06% |
| 2023-03-31 | ₹26.63 Billion | +10.50% |
| 2022-03-31 | ₹24.10 Billion | +2.22% |
| 2021-03-31 | ₹23.58 Billion | -4.49% |
| 2020-03-31 | ₹24.68 Billion | +50.18% |
| 2019-03-31 | ₹16.44 Billion | +2.97% |
| 2018-03-31 | ₹15.96 Billion | +3.08% |
| 2017-03-31 | ₹15.48 Billion | +6.91% |
| 2016-03-31 | ₹14.48 Billion | +1.68% |
| 2015-03-31 | ₹14.25 Billion | +43.41% |
| 2014-03-31 | ₹9.93 Billion | -19.95% |
| 2013-03-31 | ₹12.41 Billion | +6.10% |
| 2012-03-31 | ₹11.70 Billion | +15.77% |
| 2011-03-31 | ₹10.10 Billion | +64.85% |
| 2010-03-31 | ₹6.13 Billion | +2.17% |
| 2009-03-31 | ₹6.00 Billion | -4.20% |
| 2008-03-31 | ₹6.26 Billion | +51.41% |
| 2007-03-31 | ₹4.14 Billion | +44.61% |
| 2006-03-31 | ₹2.86 Billion | +24.92% |
| 2005-03-31 | ₹2.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trent Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3049440000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹30.49 Billion | 55.83% |
| Common Stock | ₹355.50 Million | 0.65% |
| Other Comprehensive Income | ₹4.52 Billion | 8.28% |
| Other Components | ₹19.24 Billion | 35.23% |
| Total Equity | ₹54.62 Billion | 100.00% |
Trent Limited Competitors by Market Cap
The table below lists competitors of Trent Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skyworks Solutions Inc
NASDAQ:SWKS
|
$8.02 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$8.02 Billion |
|
Acuity Brands Inc
NYSE:AYI
|
$8.03 Billion |
|
AeroVironment Inc
NASDAQ:AVAV
|
$8.04 Billion |
|
Federal Home Loan Mortgage Corp Pref 5.81
OTCQB:FREJN
|
$8.01 Billion |
|
Bezeq Corp Ltd
PINK:BZQIY
|
$8.01 Billion |
|
ALD SA
PA:AYV
|
$8.00 Billion |
|
Canadian Tire Corporation Limited
PINK:CDNTF
|
$8.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trent Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 40,677,400,000 to 54,617,400,000, a change of 13,940,000,000 (34.3%).
- Net income of 15,467,200,000 contributed positively to equity growth.
- Dividend payments of 1,135,900,000 reduced retained earnings.
- Share repurchases of 934,900,000 reduced equity.
- New share issuances of 934,900,000 increased equity.
- Other comprehensive income decreased equity by 71,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹15.47 Billion | +28.32% |
| Dividends Paid | ₹1.14 Billion | -2.08% |
| Share Repurchases | ₹934.90 Million | -1.71% |
| Share Issuances | ₹934.90 Million | +1.71% |
| Other Comprehensive Income | ₹-71.00 Million | -0.13% |
| Other Changes | ₹-320.30 Million | -0.59% |
| Total Change | ₹- | 34.27% |
Book Value vs Market Value Analysis
This analysis compares Trent Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 23.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 255.80x to 23.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹14.23 | ₹3640.90 | x |
| 2006-03-31 | ₹16.54 | ₹3640.90 | x |
| 2007-03-31 | ₹21.71 | ₹3640.90 | x |
| 2008-03-31 | ₹28.59 | ₹3640.90 | x |
| 2009-03-31 | ₹25.83 | ₹3640.90 | x |
| 2010-03-31 | ₹25.37 | ₹3640.90 | x |
| 2011-03-31 | ₹45.35 | ₹3640.90 | x |
| 2012-03-31 | ₹46.13 | ₹3640.90 | x |
| 2013-03-31 | ₹40.47 | ₹3640.90 | x |
| 2014-03-31 | ₹29.82 | ₹3640.90 | x |
| 2015-03-31 | ₹42.79 | ₹3640.90 | x |
| 2016-03-31 | ₹43.27 | ₹3640.90 | x |
| 2017-03-31 | ₹46.57 | ₹3640.90 | x |
| 2018-03-31 | ₹48.01 | ₹3640.90 | x |
| 2019-03-31 | ₹49.55 | ₹3640.90 | x |
| 2020-03-31 | ₹68.73 | ₹3640.90 | x |
| 2021-03-31 | ₹65.07 | ₹3640.90 | x |
| 2022-03-31 | ₹66.50 | ₹3640.90 | x |
| 2023-03-31 | ₹73.01 | ₹3640.90 | x |
| 2024-03-31 | ₹114.43 | ₹3640.90 | x |
| 2025-03-31 | ₹153.64 | ₹3640.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trent Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 28.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.03%
- • Asset Turnover: 1.82x
- • Equity Multiplier: 1.72x
- Recent ROE (28.32%) is above the historical average (7.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 8.71% | 8.48% | 0.65x | 1.59x | ₹-29.47 Million |
| 2006 | 10.13% | 7.14% | 0.66x | 2.16x | ₹3.78 Million |
| 2007 | 8.09% | 5.41% | 0.76x | 1.98x | ₹-78.14 Million |
| 2008 | 5.41% | 4.71% | 0.66x | 1.74x | ₹-286.05 Million |
| 2009 | -0.22% | -0.15% | 0.81x | 1.74x | ₹-612.00 Million |
| 2010 | 0.11% | 0.06% | 0.95x | 1.98x | ₹-586.56 Million |
| 2011 | 0.15% | 0.09% | 0.89x | 1.79x | ₹-980.99 Million |
| 2012 | -3.24% | -2.05% | 0.92x | 1.73x | ₹-1.54 Billion |
| 2013 | -2.17% | -1.26% | 0.97x | 1.78x | ₹-1.51 Billion |
| 2014 | 13.05% | 5.66% | 1.18x | 1.95x | ₹302.49 Million |
| 2015 | 9.10% | 5.66% | 1.04x | 1.55x | ₹-128.66 Million |
| 2016 | 3.82% | 3.46% | 0.69x | 1.60x | ₹-888.59 Million |
| 2017 | 5.48% | 4.68% | 0.82x | 1.43x | ₹-699.09 Million |
| 2018 | 5.45% | 4.03% | 0.92x | 1.46x | ₹-725.67 Million |
| 2019 | 5.89% | 3.69% | 1.03x | 1.55x | ₹-676.91 Million |
| 2020 | 5.14% | 3.52% | 0.63x | 2.31x | ₹-1.16 Billion |
| 2021 | -6.32% | -5.64% | 0.45x | 2.47x | ₹-3.77 Billion |
| 2022 | 4.48% | 2.35% | 0.58x | 3.27x | ₹-1.31 Billion |
| 2023 | 17.13% | 5.39% | 1.02x | 3.11x | ₹1.85 Billion |
| 2024 | 36.55% | 12.01% | 1.73x | 1.76x | ₹10.80 Billion |
| 2025 | 28.32% | 9.03% | 1.82x | 1.72x | ₹10.01 Billion |
Industry Comparison
This section compares Trent Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $5,440,540,222
- Average return on equity (ROE) among peers: 24.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trent Limited (TRENT) | ₹62.15 Billion | 8.71% | 0.73x | $8.01 Billion |
| Go Fashion (India) Limited (GOCOLORS) | $6.04 Billion | 13.71% | 0.89x | $78.05 Million |
| Heads UP Ventures Limited (HEADSUP) | $153.35 Million | 9.09% | 0.19x | $1.03 Million |
| Indian Terrain Fashions Limited (INDTERRAIN) | $1.97 Billion | -1.12% | 1.41x | $8.14 Million |
| SAI SILKS (KALAMANDIR) LIMITED (KALAMANDIR) | $10.63 Billion | 9.49% | 0.54x | $67.55 Million |
| Metro Brands Limited (METROBRAND) | $18.93 Billion | 21.79% | 0.77x | $426.54 Million |
| Credo Brands Marketing Limited (MUFTI) | $4.10 Billion | 16.67% | 0.88x | $18.17 Million |
| SSDL (SSDL) | $353.82 Million | 64.93% | 4.34x | $6.65 Million |
| Baazar Style Retail Limited (STYLEBAAZA) | $1.94 Billion | 2.64% | 3.48x | $71.57 Million |
| Suumaya Industries Limited (SUULD) | $4.86 Billion | 83.63% | 7.98x | $1.11 Million |