Key Metrics of Trent (Tata)
About Trent (Tata)
Sectors
Company details
- Website
- trentlimited.com
- Listed
- NSE: TRENT · ₹3,046.40
Operational Areas of Trent (Tata)
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 07 May 2026 | ICRA | Reaffirmed | AA+ | — | Stable | ₹500 Cr | View |
Credit strengths (ICRA, May 2026)
+ Strong parentage of the Tata Group and extensive experience of the management in retail industry
Trent, as a part of the Tata Group, enjoys exceptional financial flexibility.
+ Established branded apparel player with wide geographical presence and diversified product offerings
Trent Limited has a strong presence across India, operating over 1,286 stores spanning 321 cities (including six stores in the UAE) as on March 31, 2026.
+ Continued net cash surplus status, strengthening liquidity position
Trent registered a robust revenue growth in the recent years, led by accelerated store expansion , particularly for Zudio.
Credit challenges
− Stiff competition in the Indian retail industry; revenues susceptible to macro-economic environment
The company faces stiff competition owing to the presence of numerous players in the unorganised segment, along with competition from various organised players in the brick-and-mortar and online segments.
Could lead to an upgrade
The rating may be upgraded if the company is able to report a sustained improvement in revenues, profits and return indicators, while maintaining a healthy credit profile and strong
Could lead to a downgrade
The rating may be downgraded in case of a significant decline in the company’s operating performance, marked by delay in achieving breakeven by the new stores or pressure on LTL sales growth in the existing stores, denting its revenues and earnings. Besides, any significant debt-funded capex/ acquisition or an elongation of the working capital cycle, adversely impacting its credit metrics and/or the
Agency-reported financials (ICRA, 07 May 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income (OI) | ₹17,135 Cr | ₹20,074 Cr |
| PAT | ₹1,448 Cr | ₹1,717 Cr |
| OPBDIT/OI | 16.5% | 18.6% |
| PAT/OI | 8.5% | 8.6% |
| Total outside liabilities/Tangible net worth (times) | 0.70× | 0.60× |
| Total debt/OPBDIT (times) | 0.80× | 0.70× |
| Interest coverage (times) | 14.10× | 16.20× |
| Revenue growth (YoY) | — | 17.2% |
| EBITDA (margin × income) | ₹2,827 Cr | ₹3,734 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹2,262 Cr | ₹2,614 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹201 Cr | ₹230 Cr |
Borrowings & rated debt
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Non-convertible debenture (NCD) programme | Debentures & bonds | ₹500 Cr | ₹500 Cr | 0.0% | AA+ (Stable) | Reaffirmed | ICRA |
Credit assessment · Cotton textile
Rating Methodology – Cotton Textile (Sep 2026) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 81% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 78% chance the next rating action is stable or better
- Current rating AA+ (investment grade)
- Interest coverage 16.2×
Rated limits by facility
Timeline
From the report
The rating also derives strength from the company’s net cash surplus position and strong liquidity, with free cash, bank balances and liquid investments of Rs. 930 crore as on March 31, 2026.
From the report
Besides, its sanctioned fund-based bank limits of Rs. 350 crore remain largely unutilised, providing further cushion to its liquidity.
From the report
Trent’s board has recently approved an equity capital raise of around Rs. 2,500 crore (preferably through rights issue) to support its planned expansion, store upgradation and strengthening of infrastructure and processes.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of Trent (Tata)
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Silgo Retail Limited | · Manufacturing (Others) | — | — | Jaipur, Rajasthan, India |
 Aditya Birla Fashion & Retail |
Formal & Premium Menswear · Apparel, Textiles & Footwear | abfrl.com | — | Mumbai, India |
| Formal & Premium Menswear · Apparel, Textiles & Footwear | raymond.in | — | Ratnagiri, India | |
 Arvind Fashions Limited |
Denim & Casual Wear · Apparel, Textiles & Footwear | arvindfashions.com | — | Ahmedabad, Gujarat, India |
 Page Industries |
Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | pageind.com | 1995 | Bengaluru, India |
 Bata India |
Footwear · Apparel, Textiles & Footwear | bata.com/in | — | Kolkata, India |
| S.p.apparels Limited | Denim & Casual Wear · Apparel, Textiles & Footwear | — | — | Tiruppur, Tamil Nadu, India |
 Vedant Fashions Limited |
Denim & Casual Wear · Apparel, Textiles & Footwear | manyavar.com | — | Kolkata, West Bengal, India |
 Monte Carlo Fashions (Oswal Woollen Mills) |
Denim & Casual Wear · Apparel, Textiles & Footwear | montecarlo.in | — | India |
| Denim & Casual Wear · Apparel, Textiles & Footwear | gocolors.com | — | Chennai, Tamil Nadu, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Fashion retail
Filings
No filings on record yet.