Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹362 Cr.
Stock P/E
11.6
P/B
1.9
Current Price
₹147
Book Value
₹ 75.9
Face Value
10
52W High
₹272
52W Low
₹ 125
Dividend Yield
—

True Colors Overview

Business

True Colors Ltd. is an Indian company operating in the Trading sector and industry. Its core business involves the purchase and sale of goods, commodities, or potentially financial instruments with the aim of profiting from price differences, supply-demand imbalances, or market movements. As a trading company, it likely acts as an intermediary, facilitator, or principal in various domestic and potentially international trade transactions. The company generates revenue by buying at a lower price and selling at a higher price (the spread), managing inventory, facilitating logistics, and potentially earning commissions or fees for its trading services. Its business model relies on efficient sourcing, market insight, risk management, and strong distribution networks.

Revenue Mix

No specific information regarding True Colors Ltd.'s key business segments or revenue mix is available. A typical trading company might segment its operations by product categories (e.g., agricultural commodities, industrial goods, chemicals, consumer products), geographical markets, or by the type of trading activity (e.g., arbitrage, distribution, import/export). Without further details, its revenue is broadly derived from its trading activities across its operational scope.

Industry

True Colors Ltd. operates in the highly competitive and often fragmented trading industry in India. The industry structure ranges from large, diversified trading houses with extensive global networks and financial strength to numerous smaller, specialized players. Competition is intense, often leading to thin margins, and success hinges on efficient logistics, strong supplier and buyer relationships, market intelligence, and effective risk management. True Colors' specific positioning (e.g., a leader in a niche, a diversified generalist, a regional player) within the Indian trading landscape is not specified.

MOAT

Based on the limited information, True Colors Ltd.'s specific competitive advantages are not clearly defined. However, potential moats for a trading company could include:

Scale: Ability to command better prices from suppliers and buyers due to large volume.

Efficient Supply Chain & Logistics: A highly optimized network reducing costs and improving delivery times.

Strong Relationships/Network: Deep-seated, trusted connections with suppliers, distributors, and customers built over time.

Access to Capital/Financing: Ability to finance large trades, manage working capital effectively, and offer credit terms.

Market Intelligence & Risk Management: Superior insight into market trends, pricing, and geopolitical factors, coupled with robust risk mitigation strategies.

Specialized Knowledge: Expertise in specific commodities, complex international trade regulations, or niche markets.

Growth Drivers

Key factors that could drive True Colors Ltd.'s growth over the next 3-5 years include:

Indian Economic Growth: Sustained growth in India's GDP and consumer demand would naturally increase overall trade volumes.

Expansion into New Product Categories: Diversifying into high-demand or higher-margin goods.

Geographical Expansion: Entering new domestic or international markets to broaden its reach.

Supply Chain Optimization: Investments in technology and logistics to enhance efficiency and reduce costs.

Strategic Partnerships: Forming alliances with suppliers, manufacturers, or distributors to secure exclusive deals or expand market access.

Digitalization of Trade: Leveraging technology for faster transactions, better data analysis, and improved customer experience.

Risks

True Colors Ltd., as a trading company, faces several inherent risks:

Commodity Price Volatility: Significant fluctuations in the prices of goods traded can erode margins or lead to inventory losses.

Supply Chain Disruptions: Geopolitical events, natural disasters, or logistics failures can impact sourcing and distribution.

Currency Fluctuations: For international trade, adverse movements in exchange rates can affect profitability.

Intense Competition & Margin Pressure: The competitive nature of the trading industry can lead to pricing pressure and reduced profitability.

Credit Risk: Risk of non-payment or default from counterparties.

Regulatory Changes: Changes in import/export policies, tariffs, or trade agreements can impact operations and costs.

Economic Downturns: A slowdown in economic activity can reduce demand for traded goods.

Inventory Management: Risks associated with holding excessive or obsolete inventory.

Management & Ownership

No specific information about True Colors Ltd.'s promoters, management team's quality, or detailed ownership structure is available. Like many Indian companies, it is likely guided by a promoter group that holds a significant stake, alongside institutional and public shareholders. The quality of management would depend on their experience, strategic vision, and ability to navigate the complexities of the trading business, including risk management and market foresight.

Outlook

True Colors Ltd. operates in a dynamic yet highly competitive trading sector within India, an economy poised for significant growth. The company's future hinges on its ability to effectively navigate market volatility, manage supply chain complexities, and differentiate itself from competitors. The bull case suggests that if True Colors can leverage India's economic expansion, establish robust supply chains, make astute trading decisions, and build strong client relationships, it could capture market share and achieve sustainable growth. The bear case involves risks such as intensified competition leading to severe margin compression, exposure to adverse commodity price movements or currency fluctuations, and significant disruptions in its supply chain. Its success will depend heavily on strategic execution, effective risk management, and adaptability to evolving market conditions.

True Colors Share Price

Live · BSE · Inception: 2021
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

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 Mar 2026 TTM
Net Sales 9 81 160 233 302
Other Income 0 0 1 1 1
Total Income 9 81 161 234 302
Total Expenditure 8 75 146 193 254
Operating Profit 1 6 15 42 48
Interest 0 0 2 5 6
Depreciation 0 0 1 3 5
Exceptional Income / Expenses 0 0 0 -1 -0
Profit Before Tax 1 5 11 32 37
Provision for Tax 0 2 3 8 6
Profit After Tax 0 4 8 24 31
Adjustments 0 0 0 0 0
Profit After Adjustments 0 4 8 24 31
Adjusted Earnings Per Share 1.7 4.4 9.2 12.8 12.6

True Colors Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 1 6 15 55 187
Minority's Interest 0 0 0 0 0
Borrowings 0 10 23 23 8
Other Non-Current Liabilities 0 0 1 2 3
Total Current Liabilities 10 29 67 75 89
Total Liabilities 11 46 106 155 287
Fixed Assets 0 0 40 47 80
Other Non-Current Assets 0 11 5 2 28
Total Current Assets 11 35 61 106 179
Total Assets 11 46 106 155 287

True Colors Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 1 1 5 7
Cash Flow from Operating Activities 0 -20 9 9 -35
Cash Flow from Investing Activities 0 -1 -34 -10 -65
Cash Flow from Financing Activities 0 22 29 3 94
Net Cash Inflow / Outflow 1 -0 4 2 -6
Closing Cash & Cash Equivalent 1 1 5 7 1

True Colors Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 1.73 4.36 9.18 12.78 12.64
CEPS(Rs) 1.73 4.37 10.5 14.59 14.55
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 2.26 7.09 16.28 29.27 75.9
Core EBITDA Margin(%) 7.52 6.9 8.72 17.5 15.61
EBIT Margin(%) 7.62 7.23 8.5 16.1 14.3
Pre Tax Margin(%) 7.45 6.77 7.17 13.9 12.26
PAT Margin (%) 5.46 4.86 5.15 10.38 10.33
Cash Profit Margin (%) 5.46 4.87 5.89 11.85 11.9
ROA(%) 4.64 13.96 10.89 18.57 14.11
ROE(%) 76.72 111.74 78.6 69.11 25.68
ROCE(%) 106.99 43.13 27.89 43.13 25.65
Receivable days 260.27 44.77 41.4 62.23 101.51
Inventory Days 37.86 25.8 42.13 48.8 47.75
Payable days 372.58 53.62 56.64 83.01 79.03
PER(x) 0 0 0 0 10.61
Price/Book(x) 0 0 0 0 1.77
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) -0.05 0.25 0.32 0.25 1.24
EV/Core EBITDA(x) -0.68 3.41 3.51 1.43 7.83
Net Sales Growth(%) 0 791.9 98.46 45.78 29.22
EBIT Growth(%) 0 746.62 133.22 176.03 14.77
PAT Growth(%) 0 692.78 110.46 193.79 28.61
EPS Growth(%) 0 151.67 110.46 39.15 -1.12
Debt/Equity(x) 0 3.15 3.87 0.86 0.25
Current Ratio(x) 1.06 1.2 0.91 1.42 2.02
Quick Ratio(x) 0.97 0.84 0.52 0.93 1.54
Interest Cover(x) 44.18 15.73 6.38 7.35 7.03
Total Debt/Mcap(x) 0 0 0 0 0.14

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +30% +55% — —
Operating Profit CAGR +14% +100% — —
PAT CAGR +29% +98% — —
Share Price CAGR -20% — — —
ROE Average +26% +58% +72% +72%
ROCE Average +26% +32% +49% +49%

True Colors Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 68.89 %
FII 0.77 %
DII (MF + Insurance) 8.67 %
Public (retail) 21.68 %
# Jun 2025 Sep 2025 Mar 2026
Promoter 94.8694.8668.89
FII 000.77
DII 3.133.138.67
Public 2.012.0121.68
Others 000
Total 100100100

True Colors Peer Comparison

True Colors Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

See more…

True Colors Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 58%
  • Debtor days have improved from 83.01 to 79.03days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend.
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