Trent stock trades at 216 times earnings. Is it still cheap?

As many as 29 Tata Group stocks are listed on the stock exchange, of which five are already in the Nifty 50. Today, Zudio alone accounts for 30% of Trent’s revenue and the operating profit margin has increased from 6.87% in FY23 to 9.86% in FY24. Resilience to competition Trent’s margins and revenue have continued to grow despite strong competition from top retailers that introduced quick-fashion brands targeting the youth. This bulk deal comes ahead of Trent’s inclusion in the Nifty 50 Index, which could attract inflows of around ₹4,195 crore as many domestic and foreign institutional investors are interested in this multibagger. Trent’s future EPS growth could continue to influence its stock price.