Trent Limited (TRENT) - Net Assets

Latest as of March 2026: Rs71.08 Billion INR ≈ $768.70 Million USD

Based on the latest financial reports, Trent Limited (TRENT) has net assets worth Rs71.08 Billion INR (≈ $768.70 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs117.29 Billion ≈ $1.27 Billion USD) and total liabilities (Rs46.21 Billion ≈ $499.70 Million USD). 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. Check TRENT tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs71.08 Billion
% of Total Assets	60.6%
Annual Growth Rate	17.77%
5-Year Change	194.94%
10-Year Change	359.04%
Growth Volatility	23.26

Trent Limited - Net Assets Trend (2005–2026)

This chart illustrates how Trent Limited's net assets have evolved over time, based on quarterly financial data. See Trent Limited (TRENT) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Trent Limited (2005–2026)

The table below shows the annual net assets of Trent Limited from 2005 to 2026. For live valuation and market cap data, see Trent Limited market cap and net worth.

Year	Net Assets	Change
2026-03-31	Rs71.08 Billion ≈ $768.70 Million	+27.31%
2025-03-31	Rs55.83 Billion ≈ $603.82 Million	+36.09%
2024-03-31	Rs41.03 Billion ≈ $443.68 Million	+54.06%
2023-03-31	Rs26.63 Billion ≈ $287.99 Million	+10.50%
2022-03-31	Rs24.10 Billion ≈ $260.63 Million	+2.22%
2021-03-31	Rs23.58 Billion ≈ $254.96 Million	-4.49%
2020-03-31	Rs24.68 Billion ≈ $266.94 Million	+50.18%
2019-03-31	Rs16.44 Billion ≈ $177.75 Million	+2.97%
2018-03-31	Rs15.96 Billion ≈ $172.62 Million	+3.08%
2017-03-31	Rs15.48 Billion ≈ $167.46 Million	+6.91%
2016-03-31	Rs14.48 Billion ≈ $156.64 Million	+1.68%
2015-03-31	Rs14.25 Billion ≈ $154.06 Million	+43.41%
2014-03-31	Rs9.93 Billion ≈ $107.43 Million	-19.95%
2013-03-31	Rs12.41 Billion ≈ $134.21 Million	+6.10%
2012-03-31	Rs11.70 Billion ≈ $126.49 Million	+15.77%
2011-03-31	Rs10.10 Billion ≈ $109.26 Million	+64.85%
2010-03-31	Rs6.13 Billion ≈ $66.28 Million	+2.17%
2009-03-31	Rs6.00 Billion ≈ $64.87 Million	-4.20%
2008-03-31	Rs6.26 Billion ≈ $67.71 Million	+51.41%
2007-03-31	Rs4.14 Billion ≈ $44.72 Million	+44.61%
2006-03-31	Rs2.86 Billion ≈ $30.93 Million	+24.92%
2005-03-31	Rs2.29 Billion ≈ $24.76 Million	--

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 4582710000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs45.83 Billion	65.61%
Common Stock	Rs355.50 Million	0.51%
Other Comprehensive Income	Rs4.42 Billion	6.33%
Other Components	Rs19.24 Billion	27.55%
Total Equity	Rs69.85 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
KNORR-BREMS. UNSP.ADRS1/4 F:KBXA	$18.50 Billion
Jardine Matheson Holdings Limited F:H4W	$18.53 Billion
Northern Star Resources Limited F:NS7	$18.53 Billion
Banco Bradesco S/A ADR NYSE:BBDO	$18.54 Billion
EDP - Energias de Portugal S.A. LS:EDP	$18.47 Billion
Asustek Computer Inc TW:2357	$18.46 Billion
Telus Corp TO:T	$18.44 Billion
COCA COLA HBC AG ADRS F:CCKC	$18.44 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 2025 to 2026, total equity changed from 54,617,400,000 to 69,846,800,000, a change of 15,229,400,000 (27.9%).
Net income of 17,196,500,000 contributed positively to equity growth.
Dividend payments of 1,774,700,000 reduced retained earnings.
Other comprehensive income decreased equity by 103,300,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs17.20 Billion	+24.62%
Dividends Paid	Rs1.77 Billion	-2.54%
Other Comprehensive Income	Rs-103.30 Million	-0.15%
Other Changes	Rs-89.10 Million	-0.13%
Total Change	Rs-	27.88%

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: 16.32x
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 225.23x to 16.32x 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	Rs14.23	Rs3205.80	x
2006-03-31	Rs16.54	Rs3205.80	x
2007-03-31	Rs21.71	Rs3205.80	x
2008-03-31	Rs28.59	Rs3205.80	x
2009-03-31	Rs25.83	Rs3205.80	x
2010-03-31	Rs25.37	Rs3205.80	x
2011-03-31	Rs45.35	Rs3205.80	x
2012-03-31	Rs46.13	Rs3205.80	x
2013-03-31	Rs40.47	Rs3205.80	x
2014-03-31	Rs29.82	Rs3205.80	x
2015-03-31	Rs42.79	Rs3205.80	x
2016-03-31	Rs43.27	Rs3205.80	x
2017-03-31	Rs46.57	Rs3205.80	x
2018-03-31	Rs48.01	Rs3205.80	x
2019-03-31	Rs49.55	Rs3205.80	x
2020-03-31	Rs68.73	Rs3205.80	x
2021-03-31	Rs65.07	Rs3205.80	x
2022-03-31	Rs66.50	Rs3205.80	x
2023-03-31	Rs73.01	Rs3205.80	x
2024-03-31	Rs114.43	Rs3205.80	x
2025-03-31	Rs153.64	Rs3205.80	x
2026-03-31	Rs196.46	Rs3205.80	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): 24.62%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.57%
• Asset Turnover: 1.71x
• Equity Multiplier: 1.68x
Recent ROE (24.62%) is above the historical average (8.17%), 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	Rs-29.47 Million
2006	10.13%	7.14%	0.66x	2.16x	Rs3.78 Million
2007	8.09%	5.41%	0.76x	1.98x	Rs-78.14 Million
2008	5.41%	4.71%	0.66x	1.74x	Rs-286.05 Million
2009	-0.22%	-0.15%	0.81x	1.74x	Rs-612.00 Million
2010	0.11%	0.06%	0.95x	1.98x	Rs-586.56 Million
2011	0.15%	0.09%	0.89x	1.79x	Rs-980.99 Million
2012	-3.24%	-2.05%	0.92x	1.73x	Rs-1.54 Billion
2013	-2.17%	-1.26%	0.97x	1.78x	Rs-1.51 Billion
2014	13.05%	5.66%	1.18x	1.95x	Rs302.49 Million
2015	9.10%	5.66%	1.04x	1.55x	Rs-128.66 Million
2016	3.82%	3.46%	0.69x	1.60x	Rs-888.59 Million
2017	5.48%	4.68%	0.82x	1.43x	Rs-699.09 Million
2018	5.45%	4.03%	0.92x	1.46x	Rs-725.67 Million
2019	5.89%	3.69%	1.03x	1.55x	Rs-676.91 Million
2020	5.14%	3.52%	0.63x	2.31x	Rs-1.16 Billion
2021	-6.32%	-5.64%	0.45x	2.47x	Rs-3.77 Billion
2022	4.48%	2.35%	0.58x	3.27x	Rs-1.31 Billion
2023	17.13%	5.39%	1.02x	3.11x	Rs1.85 Billion
2024	36.55%	12.01%	1.73x	1.76x	Rs10.80 Billion
2025	28.32%	9.03%	1.82x	1.72x	Rs10.01 Billion
2026	24.62%	8.57%	1.71x	1.68x	Rs10.21 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: $5,242,323,894
Average return on equity (ROE) among peers: 7.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Trent Limited (TRENT)	Rs71.08 Billion	8.71%	0.65x	$18.49 Billion
Go Fashion (India) Limited (GOCOLORS)	$6.97 Billion	13.41%	0.84x	$201.41 Million
Heads UP Ventures Limited (HEADSUP)	$331.48 Million	-8.41%	0.33x	$1.73 Million
Indian Terrain Fashions Limited (INDTERRAIN)	$1.61 Billion	20.51%	0.68x	$18.38 Million
SAI SILKS (KALAMANDIR) LIMITED (KALAMANDIR)	$12.60 Billion	11.18%	0.47x	$174.19 Million
Metro Brands Limited (METROBRAND)	$18.93 Billion	21.79%	0.77x	$3.06 Billion
Credo Brands Marketing Limited (MUFTI)	$1.92 Billion	1.79%	1.17x	$63.58 Million
Baazar Style Retail Limited (STYLEBAAZA)	$1.94 Billion	2.64%	3.48x	$277.23 Million
Suumaya Industries Limited (SUULD)	$246.98 Million	5.89%	1.10x	$1.04 Million
V2 Retail Limited (V2RETAIL)	$2.62 Billion	-1.72%	0.47x	$934.00 Million

About Trent Limited

NSE:TRENT India Apparel Retail

Market Cap

$18.49 Billion

Rs1.71 Trillion INR

Market Cap Rank

#1379 Global

#41 in India

Share Price

Rs3205.80

Change (1 day)

+0.82%

52-Week Range

Rs2710.90 - Rs6222.50

All Time High

Rs8234.95