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    Trent LTD: Financials at A Glance

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    Annu Aggarwal
    This document provides financial and operational details for Trent Ltd for the years 2015-2018. Some key highlights include: - Revenue grew at a CAGR of 17.38% to Rs 2123.01 crore in FY18, while profit before tax grew 51.32% to Rs 169.3 crore. - EBITDA margins improved from 9.74% in FY16 to 11.56% in FY18, while profit margins grew from 3.05% to 5.17% over the same period. - The company operates 175 stores currently across brands like Westside, Zara, Star Bazaar and Zudio, and plans to add 120 new stores in FY19

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    Trent LTD: Financials at A Glance

    Uploaded by

    Annu Aggarwal
    56 views1 page
    This document provides financial and operational details for Trent Ltd for the years 2015-2018. Some key highlights include: - Revenue grew at a CAGR of 17.38% to Rs 2123.01 crore in FY18, while profit before tax grew 51.32% to Rs 169.3 crore. - EBITDA margins improved from 9.74% in FY16 to 11.56% in FY18, while profit margins grew from 3.05% to 5.17% over the same period. - The company operates 175 stores currently across brands like Westside, Zara, Star Bazaar and Zudio, and plans to add 120 new stores in FY19

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    Trent Company

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    Trent

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    This document provides financial and operational details for Trent Ltd for the years 2015-2018. Some key highlights include: - Revenue grew at a CAGR of 17.38% to Rs 2123.01 crore in FY18, while profit before tax grew 51.32% to Rs 169.3 crore. - EBITDA margins improved from 9.74% in FY16 to 11.56% in FY18, while profit margins grew from 3.05% to 5.17% over the same period. - The company operates 175 stores currently across brands like Westside, Zara, Star Bazaar and Zudio, and plans to add 120 new stores in FY19

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    56 views1 page

    Trent LTD: Financials at A Glance

    Uploaded by

    Annu Aggarwal
    This document provides financial and operational details for Trent Ltd for the years 2015-2018. Some key highlights include: - Revenue grew at a CAGR of 17.38% to Rs 2123.01 crore in FY18, while profit before tax grew 51.32% to Rs 169.3 crore. - EBITDA margins improved from 9.74% in FY16 to 11.56% in FY18, while profit margins grew from 3.05% to 5.17% over the same period. - The company operates 175 stores currently across brands like Westside, Zara, Star Bazaar and Zudio, and plans to add 120 new stores in FY19

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    FINANCIALS AT A GLANCE Trent Ltd Consolidated Fig in Rs.

    Crore
    Particulars Mar-18 Mar-17 Mar-16 Mar-15 CAGR (2Yrs)
    Net Revenue 2123.01 1779.99 1540.9 2236.77 17.38%
    Profit before Tax 169.3 111.15 73.94 84.33 51.32%
    Interest Cost 30.56 33.78 37.55 10.72 -9.79%
    Depreciation 45.53 41.29 38.59 74.33 8.62%
    EBITDA (Excluding Finance & Depreciation) 245.39 186.22 150.08 169.38 27.87%
    Net Profit after Tax 109.68 93.92 46.94 129.43 52.86%
    EBITDA Margins 11.56% 10.46% 9.74% 7.57% 8.94%
    Profit Margins 5.17% 5.28% 3.05% 5.79% 30.23%
    Components which impacted performance
    Other Income 44.21 60.52 57.30 97.19 -12%
    Purchase of stock in trade 1070.02 910.98 808.08 1313.37 15%
    Other Expenses 694.29 612.85 537.11 675.22 14%
    Tax Expenses 59.62 43.05 34.71 70.07 31%
    Glance at other parameters
    Equity 33.23 33.23 33.23 33.23 0%
    Reserves & Surplus 1562.14 1514.46 1431.16 1388.73 4%
    Networth 1595.37 1547.69 1464.39 1421.96 4%
    Total Debt 391.43 290.69 99.97 116.85 97.88%
    Debt/ Equity Ratio (x) 0.25 0.19 0.07 0.08 89.58%
    Face Value 1.00 1.00 1.00 1.00
    No. of shares 33.23 33.23 33.23 33.23 0%
    EPS 3.30 2.83 1.41 3.89 53%
    Book Value 48.01 46.58 44.07 42.79 4%
    CMP (August 21, 2018) 371.35 52 Week high / Low 337.6/267.1
    PE (x) 112.51
    P/BV (x) 7.73
    Dividend Yield 0.89%
    RONW 6.87% 6.07% 3.21% 9.10% 46%
    Market Cap 12339.96
    Market Cap / Sales (x) 5.81
    Source: Moneycontrol.com
    About Company: Trent headed by Mr Noel Tata has given approx 2.5x returns and are likely to witness better `
    growth with almost 34 stores opening every year.
    Stores : Total stores are 175 currently & company looking to add 120 in FY 19. Westside (131 stores at
    present, opening almost one store every week), Zara (49% stake held by Trent in JV, Inditex Trent Retail
    for mass premium segment), Star Bazaar & Star Hyper (both incurring losses but company planing to
    open 40 more Star Bazar in FY19), Landmark and Zudio (new brand & small format stores, 40 expected in FY19)
    E-commerce Platform - Tata CLiQ, grew at 400% in FY 18 and expected to grow at 300-400% in FY 19 as per Mr Tata.
    0.12% shrinkage -The Company has only one warehouse for the entire country and all its stores receive daily deliveries.
    Market Size - Total Retail Market size is Rs 47 Lakh crore in India and modern retail and e-commerce
    together is less than Rs 2 lakh crore, or just around 4%. The market is growing at 7%, or Rs. 3.5 lakh crore a year.
    Company's policy for store selection - The Company tries to look for good locations & doesn't hesitate in closing in case
    of wrong location
    Valuations: The Company like peers D-Mart, V-Mart is trading at high valuations which shows market's acceptance
    of high valuations because of trusted management and growth oriented business model.
    Value unlocking - Inditex Retail JV and Tata CLiQ have value unlocking potential for the Company
    (Source of above info : Mr Noel Tata's interview in The Mint and Annual Report)

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