3 Large-Cap Stocks Down Over 35 per cent from 52-Week High– What Do Their Results Say?

These stocks have seen a sharp correction but just released their latest quarterly results! Find out if they are a bargain or a trap.

Large-Cap stocks are often seen as stable investments, but even the biggest names in the market can go through sharp corrections. In recent months, Trent, JSW Energy, and Swiggy have all dropped over 35% from their 52-week highs. While this may seem concerning, their latest Q3 FY25 results offer a clearer picture of their financial performance and future outlook.

Trent

Trent Ltd, a Tata Group company (holding ~37%), operates in retailing apparel, footwear, accessories, toys, food, and grocery. As of February 11, the stock trades at Rs 5,205 with a market cap of Rs 1,85,033 crore, a P/E of 125, ROCE of 23.8 per cent, and ROE of 27.2 per cent, stock is down 37 per cent from its 52-week high of Rs 8,346. In Q3 FY25, revenue stood at Rs 4,657 crore, operating EBIT at Rs 609 crore, and PBT at Rs 646 crore, with PBT and EBIT margins stable at 14 per cent and 13 per cent, respectively. Revenue has grown at a 39 per cent CAGR over six years.

JSW Energy

JSW Energy Ltd, the power business arm of the JSW Group, generates power from assets in Karnataka, Maharashtra, Nandyal, and Salboni. It also has a JV in mining and an associate in turbine manufacturing. As of February 11, the stock trades at Rs 469 with a market cap of Rs 81,953 crore, a P/E of 43.6, which is higher than the industry P/E of 35, ROCE of 8.59 per cent, and ROE of 8.40 per cent, stock is down 41 per cent from its 52-week high of Rs 805. In Q3 FY25, total revenue stood at Rs 2,640 crore, EBITDA at Rs 1,115 crore, and PAT at Rs 168 crore, declining 1 per cent, 9 per cent, and 27 per cent YoY, respectively. The company plans to increase renewable power to two-thirds of its total capacity, with renewable generation up 18 per cent YoY in Q3 FY25. It targets 40 GWh of energy storage by 2030, with 16.3 GWh already secured.

Swiggy

Swiggy Ltd operates a hyperlocal commerce platform through its unified app, offering services in food delivery and quick commerce. As of February 11, the stock trades at Rs 342 with a market cap of Rs 77,337 crore, and a ROCE of -24.4 per cent, down 45 per cent from its 52-week high of Rs 617. In Q3 FY25, consolidated adjusted revenue grew 29.3 per cent YoY to Rs 4,264 crore, while adjusted EBITDA loss stood at Rs 490 crore, reducing 1.7 per cent YoY but rising Rs 149 crore QoQ due to investments in quick commerce. B2C gross order value increased 38.2 per cent YoY, with 234 million total orders and 17.8 million monthly transacting users. Swiggy expanded its quick commerce service Instamart to 84 cities, added 96 new dark stores in Q3 FY25, and another 86 in January 2025, bringing the total to 705, while reducing national average delivery time to 12 minutes.

Disclaimer: The article is for informational purposes only and not investment advice.