TRENT

TTM P/E ratio: 123×–128×, significantly higher than the sector average (95×). P/B ratio: around 34×. ROCE: 30.7%, ROE: approximately 30%, reflecting strong profitability. Book value per share: ₹154–153. Given P/E at 125×, the stock is richly valued; further disappointment or earnings miss could trigger downside, while steady execution could validate upside.