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True Colors Overview

True Colors Ltd. is a Surat-based company operating in the digital textile‑printing space. The company imports and distributes digital textile‑printing machines, supplies associated consumables such as inks and sublimation paper, and offers printing services — effectively providing a full “digital textile printing ecosystem” to textile manufacturers and garment units. In 2025, after converting to a public company, True Colors carried out an IPO, signaling its intention to scale operations. In the latest financial year, the firm saw a ...Read More

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True Colors Key Financials

Market Cap ₹514 Cr.

Stock P/E 20.8

P/B 3.1

Current Price ₹208.6

Book Value ₹ 66.6

Face Value 10

52W High ₹272

Dividend Yield 0%

52W Low ₹ 125

True Colors Share Price

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Volume
Price

True Colors Quarterly Price

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True Colors Peer Comparison

True Colors Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

True Colors Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 81 160 234
Other Income 0 0 1 0
Total Income 9 81 161 234
Total Expenditure 8 75 146 192
Operating Profit 1 6 15 42
Interest 0 0 2 5
Depreciation 0 0 1 3
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 5 11 33
Provision for Tax 0 2 3 8
Profit After Tax 0 4 8 25
Adjustments 0 0 0 0
Profit After Adjustments 0 4 8 25
Adjusted Earnings Per Share 1.7 4.4 9.2 13

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 46% 196% 0% 0%
Operating Profit CAGR 180% 248% 0% 0%
PAT CAGR 213% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 70% 87% 84% 84%
ROCE Average 44% 38% 55% 55%

True Colors Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 6 15 55
Minority's Interest 0 0 0 0
Borrowings 0 10 23 23
Other Non-Current Liabilities 0 0 1 2
Total Current Liabilities 10 29 67 75
Total Liabilities 11 46 106 155
Fixed Assets 0 0 40 47
Other Non-Current Assets 0 11 5 2
Total Current Assets 11 35 61 106
Total Assets 11 46 106 155

True Colors Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 5
Cash Flow from Operating Activities 0 -20 9 6
Cash Flow from Investing Activities 0 -1 -34 -8
Cash Flow from Financing Activities 0 22 29 3
Net Cash Inflow / Outflow 1 -0 4 0
Closing Cash & Cash Equivalent 1 1 5 5

True Colors Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.73 4.36 9.18 13.03
CEPS(Rs) 1.73 4.37 10.5 14.84
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 2.26 7.09 16.28 29.26
Core EBITDA Margin(%) 7.52 6.9 8.72 17.64
EBIT Margin(%) 7.62 7.23 8.5 16.34
Pre Tax Margin(%) 7.45 6.77 7.17 14.15
PAT Margin (%) 5.46 4.86 5.15 10.57
Cash Profit Margin (%) 5.46 4.87 5.89 12.03
ROA(%) 4.64 13.96 10.89 18.93
ROE(%) 76.72 111.74 78.6 70.49
ROCE(%) 106.99 43.13 27.89 43.85
Receivable days 260.27 44.77 41.4 62.15
Inventory Days 37.86 25.8 42.13 48.74
Payable days 372.58 53.62 56.64 83.01
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.05 0.25 0.32 0.25
EV/Core EBITDA(x) -0.68 3.41 3.51 1.42
Net Sales Growth(%) 0 791.9 98.46 45.96
EBIT Growth(%) 0 746.62 133.22 180.58
PAT Growth(%) 0 692.78 110.46 199.47
EPS Growth(%) 0 151.67 110.46 41.84
Debt/Equity(x) 0 3.15 3.87 0.86
Current Ratio(x) 1.06 1.2 0.91 1.42
Quick Ratio(x) 0.97 0.84 0.52 0.93
Interest Cover(x) 44.18 15.73 6.38 7.47
Total Debt/Mcap(x) 0 0 0 0

True Colors Shareholding Pattern

# Jun 2025 Sep 2025 Mar 2026
Promoter 94.86 94.86 68.88
FII 0 0 0.77
DII 3.13 3.13 8.67
Public 2.01 2.01 21.69
Others 0 0 0
Total 100 100 100

True Colors News

True Colors Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 87%

Cons

  • Debtor days have increased from 56.64 to 83.01days.
  • Stock is trading at 3.1 times its book value.
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