True Colors Ltd
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry.[1]
- Market Cap ₹ 467 Cr.
- Current Price ₹ 189
- High / Low ₹ 191 / 174
- Stock P/E 18.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 43.8 %
- ROE 70.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 75.2%
Cons
- Debtor days have increased from 67.1 to 88.4 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SME IPO
Quarterly Results
Figures in Rs. Crores
| Operating Profit |
| OPM % |
| Interest |
| Depreciation |
| Profit before tax |
| Tax % |
| EPS in Rs |
| Raw PDF |
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 9 | 81 | 160 | 234 | |
| 8 | 75 | 146 | 192 | |
| Operating Profit | 1 | 6 | 14 | 41 |
| OPM % | 8% | 7% | 9% | 18% |
| 0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 2 | 5 |
| Depreciation | 0 | 0 | 1 | 3 |
| Profit before tax | 1 | 5 | 11 | 33 |
| Tax % | 27% | 28% | 28% | 25% |
| 0 | 4 | 8 | 25 | |
| EPS in Rs | 32.67 | 261.33 | 550.00 | 13.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 196% |
| TTM: | 46% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 269% |
| TTM: | 199% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 75% |
| Last Year: | 70% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.15 | 0.47 | 0.47 | 19 |
| Reserves | 0 | 6 | 14 | 36 |
| 0 | 20 | 57 | 48 | |
| 10 | 19 | 35 | 52 | |
| Total Liabilities | 11 | 46 | 106 | 155 |
| 0 | 0 | 40 | 47 | |
| CWIP | 0 | 1 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 |
| 11 | 44 | 66 | 107 | |
| Total Assets | 11 | 46 | 106 | 155 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | -20 | 9 | 6 | |
| 0 | -1 | -34 | -8 | |
| 0 | 22 | 29 | 3 | |
| Net Cash Flow | 1 | -0 | 4 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 260 | 60 | 52 | 88 |
| Inventory Days | 44 | 65 | 88 | 96 |
| Days Payable | 373 | 58 | 82 | 100 |
| Cash Conversion Cycle | -68 | 67 | 58 | 85 |
| Working Capital Days | 1 | 23 | -25 | 37 |
| ROCE % | 43% | 28% | 44% |
Documents
Announcements
-
Announcement Under Regulation 30Of SEBI (LODR)
4h - H1 FY26 revenue +64.8% to ₹151.61 Cr; Ink ₹83.33 Cr; sublimation capacity doubled; 1MW solar approved.
-
Disclosure Under Regulation 30 (5) Of SEBI (LODR) Regulations 2015
1d - Company Secretary Javanika Gandharva and CFO Sagarkumar Mulani authorized to determine materiality (Reg.30(5)) on Oct 01, 2025.
-
Announcement Under Regulation 30 Of SEBI (LODR)
2d - Inkia Inks participated at FESPA Mexico 2025 (Mexico City) showcasing sustainable textile inks; no UPSI shared.
- Closure of Trading Window 30 Sep
- Listing of Equity Shares of True Colors Ltd 30 Sep
Business Profile[1]
True Colors is engaged in the import & distribution of digital textile printers and inks, manufacturing of sublimation paper, and digital textile printing (job-work & printed fabric supply). It operates a vertically integrated model covering machinery, consumables, and printing services, providing a one-stop solution for textile manufacturers, export houses, fabric dealers, and fashion brands.