TCNS Clothing Co. Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 2,964 Cr.
  • Current Price 480
  • High / Low 565 / 315
  • Stock P/E
  • Book Value 96.3
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE 10.8 %
  • Face Value 2.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 32.31%
  • Earnings include an other income of Rs.40.00 Cr.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
258 237 320 300 291 280 321 329 219 32 144 238
226 207 264 250 251 222 256 261 224 75 160 199
Operating Profit 32 29 57 51 40 58 65 68 -5 -43 -16 38
OPM % 13% 12% 18% 17% 14% 21% 20% 21% -2% -132% -11% 16%
Other Income 2 2 2 2 2 2 3 7 9 17 9 5
Interest 0 0 0 0 0 9 10 10 10 9 9 7
Depreciation 5 5 5 6 6 23 24 25 31 25 22 19
Profit before tax 29 26 54 47 35 28 34 40 -36 -60 -38 17
Tax % 24% 21% 23% 22% 6% 27% 49% -37% 35% 25% 28% 25%
Net Profit 22 20 41 37 33 20 18 55 -24 -45 -28 13
EPS in Rs 3.86 3.34 6.72 6.05 5.33 3.33 2.88 8.95 -3.87 -7.37 -4.49 2.06

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
71 112 127 147 485 701 997 1,148 1,149 634
65 102 110 133 489 623 841 971 962 659
Operating Profit 6 9 17 14 -3 78 156 177 186 -25
OPM % 8% 8% 13% 9% -1% 11% 16% 15% 16% -4%
Other Income 0 0 0 0 1 0 6 8 21 40
Interest 0 0 0 0 3 2 1 1 38 35
Depreciation 2 2 3 3 9 13 17 22 103 98
Profit before tax 4 7 14 11 -14 62 145 162 66 -118
Tax % 18% 36% 34% 36% -204% 75% 32% 19% -5%
Net Profit 3 5 9 7 -42 16 98 131 69 -84
EPS in Rs 4.33 5.39 1.01 0.75 -4.52 1.42 17.40 21.43 11.29 -13.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:32%
5 Years:%
3 Years:18%
TTM:-48%
Compounded Profit Growth
10 Years:35%
5 Years:%
3 Years:62%
TTM:-167%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:37%
Return on Equity
10 Years:%
5 Years:%
3 Years:20%
Last Year:11%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
8 9 10 10 9 11 11 12 12 12
Reserves 7 12 61 68 39 271 396 606 648 580
Borrowings 28 33 26 31 38 9 0 0 362 373
14 32 29 31 222 135 189 167 176 140
Total Liabilities 57 86 125 139 309 426 597 786 1,198 1,105
5 5 7 9 39 47 52 59 352 316
CWIP 0 0 0 0 0 3 8 0 2 0
Investments 0 0 0 0 1 2 2 138 118 117
52 81 118 130 268 374 535 589 726 672
Total Assets 57 86 125 139 309 426 597 786 1,198 1,105

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-7 -1 -18 5 41 90 131
-1 -2 -5 -5 -28 -143 -3
9 4 29 -1 21 38 -97
Net Cash Flow 1 1 6 -0 35 -15 31

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 19% 10% 35% 42% 31% 13%
Debtor Days 93 88 133 144 48 52 57 57 56
Inventory Turnover 0.00 0.00 0.00 0.83 1.67 1.60 1.36

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
32.42 32.42 32.41 32.38 32.34 32.34 32.33 32.33 32.33 32.31
10.58 11.96 11.99 12.83 12.74 12.67 12.23 13.81 16.37 17.00
39.35 37.86 8.97 8.55 10.10 10.27 10.63 10.37 7.55 7.07
17.66 17.76 46.62 46.23 44.82 44.72 44.80 43.48 43.75 43.62

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