Motilal Oswal has neutral call on with a target price of Rs 660. The current market price of Trent Ltd. is Rs 683.
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 24130.49 Crore) operating in Retail sector.
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 24130.49 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 853.63 Crore, up 45.82 % from last quarter Sales of Rs 585.38 Crore and down -13.63 % from last year same quarter Sales of Rs 988.29 Crore Company reported net profit after tax of Rs 61.10 Crore in latest quarter.
Investment Rationale
TRENT’s superior execution and healthy Balance Sheet warrants a premium valuation, but it already trades at a rich valuation of 28x FY23E EV-to-EBITDA, leaving limited upside for the stock.
Promoter/FII Holdings
Promoters held 37 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.4 per cent, DIIs 10 per cent and public and others 23.6 per cent.
