TCNS Clothing Co. Ltd

TCNS Clothing Co. Ltd

₹ 504 3.77%
24 May - close price
About

TCNS Clothing Co. Ltd, incorporated in 1997 is a leading exclusive women’s ethnic/fusion apparel company providing fashion in a modern retail environment. It combines fashion and functionality according to the needs of contemporary Indian women need. [1]

Key Points

Milestones
In 2016, BYTA ASSOCIATES made the largest PE deal in the category with an investment of $140 million.
In 2018, it was the 1st in the category to be listed.
In 2022, it launched W Beauty. [1]

  • Market Cap 3,189 Cr.
  • Current Price 504
  • High / Low 508 / 327
  • Stock P/E
  • Book Value 47.9
  • Dividend Yield 0.00 %
  • ROCE -28.7 %
  • ROE -63.1 %
  • Face Value 2.00

Pros

  • Company's working capital requirements have reduced from 135 days to 97.2 days

Cons

  • Stock is trading at 10.5 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -3.52% over past five years.
  • Company has a low return on equity of -18.7% over last 3 years.

* 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

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
221 94 239 329 234 276 351 306 269 244 226 278 211
198 117 209 265 215 245 304 266 260 254 353 288 249
Operating Profit 23 -23 30 63 20 31 46 40 8 -10 -127 -10 -38
OPM % 10% -25% 13% 19% 8% 11% 13% 13% 3% -4% -56% -4% -18%
18 3 15 5 12 7 2 4 4 5 2 2 4
Interest 11 8 9 9 11 10 11 13 18 14 19 18 20
Depreciation 25 21 22 23 29 26 27 29 39 29 33 31 31
Profit before tax 5 -49 14 35 -8 3 10 1 -45 -49 -177 -57 -84
Tax % 18% 26% 22% 29% 24% 6% 24% 29% 37% 25% 23% 9% 24%
4 -36 11 25 -6 2 8 0 -28 -37 -136 -52 -64
EPS in Rs 0.63 -5.86 1.80 4.07 -0.94 0.40 1.24 0.08 -4.56 -5.85 -21.57 -8.17 -10.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
127 147 301 485 701 997 1,148 1,149 636 896 1,202 960
110 133 250 489 623 841 971 962 633 806 1,076 1,144
Operating Profit 17 14 51 -3 78 156 177 186 2 90 126 -185
OPM % 13% 9% 17% -1% 11% 16% 15% 16% 0% 10% 10% -19%
0 0 1 1 0 6 8 21 49 35 16 13
Interest 0 0 5 3 2 1 1 38 36 37 52 71
Depreciation 3 3 6 9 13 17 22 103 92 94 121 125
Profit before tax 14 11 41 -14 62 145 162 66 -77 -7 -31 -368
Tax % 34% 36% 36% -204% 75% 32% 19% -5% 27% 21% 44% 21%
9 7 26 -42 16 98 131 69 -56 -6 -18 -289
EPS in Rs 1.01 0.75 2.86 -4.52 1.42 17.40 21.43 11.29 -9.16 -0.93 -2.84 -45.60
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: 15%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -1379%
Stock Price CAGR
10 Years: %
5 Years: -7%
3 Years: -4%
1 Year: 21%
Return on Equity
10 Years: %
5 Years: -10%
3 Years: -19%
Last Year: -63%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 11 11 12 12 12 12 12 13
Reserves 61 68 100 39 271 420 606 648 600 608 599 291
Preference Capital 1 1 1 0 0 0 0 0 0 0 0
26 31 40 38 9 0 0 362 330 413 547 607
29 31 65 222 135 165 167 176 132 228 328 374
Total Liabilities 125 139 214 309 426 597 786 1,198 1,074 1,261 1,486 1,285
7 9 21 39 47 52 59 352 301 403 520 472
CWIP 0 0 0 0 3 8 0 2 1 2 0 0
Investments 0 0 1 1 2 2 138 118 172 146 2 0
118 130 192 268 374 535 589 726 600 710 965 812
Total Assets 125 139 214 309 426 597 786 1,198 1,074 1,261 1,486 1,285

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-18 5 41 90 131 113 104 -0 47
-5 -5 -28 -143 -3 -56 2 109 -15
29 -1 21 38 -97 -96 -109 -96 -53
Net Cash Flow 6 -0 35 -15 31 -38 -4 12 -21

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 133 144 79 48 52 57 57 56 95 71 78 56
Inventory Days 456 482 535 239 257 300 373 426 451 401
Days Payable 232 297 301 122 108 111 122 202 237 286
Cash Conversion Cycle 133 144 303 233 285 174 206 244 345 294 292 171
Working Capital Days 221 209 128 75 86 96 103 122 206 152 155 97
ROCE % 19% 10% -8% 35% 41% 31% 13% -4% 3% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
32.31% 32.30% 32.28% 32.26% 32.25% 32.25% 32.21% 32.20% 31.47% 61.05% 52.06% 52.01%
17.84% 17.86% 17.63% 17.01% 16.70% 16.82% 16.84% 16.68% 12.20% 5.32% 5.03% 4.57%
5.91% 6.13% 6.57% 7.23% 7.15% 5.02% 4.50% 3.66% 4.94% 2.53% 1.75% 1.75%
43.94% 43.72% 43.52% 43.50% 43.89% 45.92% 46.45% 47.45% 51.38% 31.09% 41.16% 41.67%
No. of Shareholders 16,15115,26516,07616,24618,89419,43820,48020,46322,16825,02423,06423,429

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls