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Trent Ltd Annual Financial Overview

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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Annu Aggarwal
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186 views1 page

Trent Ltd Annual Financial Overview

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

Uploaded by

Annu Aggarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

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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