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 ₹ 361 Cr.
- Current Price ₹ 146
- High / Low ₹ 272 / 125
- Stock P/E 11.5
- Book Value ₹ 75.9
- Dividend Yield 0.00 %
- ROCE 25.7 %
- ROE 25.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 91.8 to 135 days.
- Working capital days have increased from 39.0 days to 105 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 9 | 81 | 160 | 233 | 301 | |
| 8 | 75 | 146 | 193 | 254 | |
| Operating Profit | 1 | 6 | 14 | 41 | 47 |
| OPM % | 8% | 7% | 9% | 18% | 16% |
| 0 | 0 | 1 | 0 | 1 | |
| Interest | 0 | 0 | 2 | 5 | 6 |
| Depreciation | 0 | 0 | 1 | 3 | 5 |
| Profit before tax | 1 | 5 | 11 | 32 | 37 |
| Tax % | 27% | 28% | 28% | 25% | 16% |
| 0 | 4 | 8 | 24 | 31 | |
| EPS in Rs | 32.67 | 261.33 | 550.00 | 12.78 | 12.64 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| TTM: | 29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 100% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 39% |
| Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.15 | 0.47 | 0.47 | 19 | 25 |
| Reserves | 0 | 6 | 14 | 37 | 162 |
| 0 | 20 | 57 | 48 | 46 | |
| 10 | 19 | 35 | 52 | 54 | |
| Total Liabilities | 11 | 46 | 106 | 155 | 287 |
| 0 | 0 | 40 | 47 | 80 | |
| CWIP | 0 | 1 | 0 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 27 |
| 11 | 44 | 66 | 107 | 178 | |
| Total Assets | 11 | 46 | 106 | 155 | 287 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0 | -20 | 9 | 9 | -35 | |
| 0 | -1 | -34 | -10 | -65 | |
| 0 | 22 | 29 | 3 | 94 | |
| Net Cash Flow | 1 | -0 | 4 | 2 | -6 |
| Free Cash Flow | 0 | -22 | -24 | -3 | -73 |
| CFO/OP | 69% | -351% | 89% | 39% | -59% |
Ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 260 | 60 | 52 | 89 | 135 |
| Inventory Days | 44 | 65 | 88 | 96 | 84 |
| Days Payable | 373 | 58 | 82 | 100 | 86 |
| Cash Conversion Cycle | -68 | 67 | 58 | 85 | 133 |
| Working Capital Days | 1 | 23 | -25 | 37 | 105 |
| ROCE % | 43% | 28% | 44% | 26% |
Insights
In beta| Dec 2018 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| New Machine Installations Number |
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| Fabric Print Volume Lakh Metres |
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| Ink Volume Tonnes |
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| Sublimation Paper Capacity Utilization % |
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| Sublimation Paper Installed Capacity Crore Metres per Month |
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| Sublimation Paper Volume Crore Metres |
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| Recurring Revenue Ratio % |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
- Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting
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Closure of Trading Window
- Trading window closed from October 1, 2026 until 48 hours after half-year results.
Concalls
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May 2026Transcript PPT
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May 2026PPT
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Nov 2025Transcript PPT
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.