True Colors
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Key Fundamentals
SMEIndustrial ManufacturingCapital GoodsPrice-based figures at the close · TTM
- ROCE
- 25.70%
- Debt to Equity
- 0.25
- EPS (TTM)
- —
- Book Value
- ₹75.90
- Market Cap
- —
- P/E (TTM)
- —
- P/B
- 1.93
- ROE
- 25.80%
- Dividend Yield
- 0.00%
- EBITDA
- ₹47.20 Cr
- 52W High
- ₹271.95
- 52W Low
- ₹125.00
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 81/100
Category scores
- Quality
- 54
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 31
- Poor
- Cheap vs sector & own history 24% weight
- Growth
- 79
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 65
- Good
- Solvency, leverage, coverage 9% weight
- Momentum
- 32
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 51
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Company has a good return on equity (ROE) track record: 3 Years ROE 38.5%
Weaknesses
3- 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
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Neutral | 6 | 7 | 6 |
| Oscillators | Bullish | 0 | 7 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Overall
Neutral
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 51.97
- Neutral
- MACD (12,26,9)
- −1.07
- Bullish
- SMA (50)
- 146.93
- Bearish
- SMA (200)
- 160.20
- Bearish
As of
Growth Rate
From the financial statements below. 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 3Y | +54.89% |
|---|---|
| 1Y | +29.18% |
Net profit
| 3Y | +97.89% |
|---|---|
| 1Y | +29.17% |
Operating cash flow
| 3Y | Outflow widened by ₹15 Cr |
|---|---|
| 1Y | Turned negative |
Operating margin· change in pp
| 3Y | +8.20 pp |
|---|---|
| 1Y | −1.99 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2022 | ₹9.00 Cr |
|---|---|
| Mar 2023 | ₹81.00 Cr |
| Mar 2024 | ₹160 Cr |
| Mar 2025 | ₹233 Cr |
| Mar 2026 | ₹301 Cr |
Net profit by year
| Mar 2022 | ₹0.00 Cr |
|---|---|
| Mar 2023 | ₹4.00 Cr |
| Mar 2024 | ₹8.00 Cr |
| Mar 2025 | ₹24.00 Cr |
| Mar 2026 | ₹31.00 Cr |
Half-yearly Results
₹ Cr| Particulars | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 93 | 141 | 151 | 150 |
| Expenses | 86 | 108 | 128 | 126 |
| Operating Profit | 7 | 33 | 23 | 24 |
| OPM % | 7% | 23% | 15% | 16% |
| Other Income | 0 | 0 | 1 | 0 |
| Interest | 2 | 3 | 2 | 3 |
| Depreciation | 2 | 2 | 2 | 3 |
| PBT | 3 | 29 | 19 | 18 |
| Tax % | 24% | 26% | 21% | 10% |
| Net Profit | 3 | 22 | 15 | 16 |
| EPS (₹) | 8.83 | 11.43 | 5.97 | 6.67 |
Profit & Loss
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 9 | 81 | 160 | 233 | 301 |
| Expenses | 8 | 75 | 146 | 193 | 254 |
| Operating Profit | 1 | 6 | 14 | 41 | 47 |
| OPM % | 8% | 7% | 9% | 18% | 16% |
| Other Income | 0 | 0 | 1 | 0 | 1 |
| Interest | 0 | 0 | 2 | 5 | 6 |
| Depreciation | 0 | 0 | 1 | 3 | 5 |
| PBT | 1 | 5 | 11 | 32 | 37 |
| Tax % | 27% | 28% | 28% | 25% | 16% |
| Net Profit | 0 | 4 | 8 | 24 | 31 |
| EPS (₹) | 1.69 | 13.52 | 28.45 | 12.78 | 12.64 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | 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 |
| Borrowings | 0 | 20 | 57 | 48 | 46 |
| Other Liabilities | 10 | 19 | 35 | 52 | 54 |
| Total Liabilities | 11 | 46 | 106 | 155 | 287 |
| Fixed Assets | 0 | 0 | 40 | 47 | 80 |
| CWIP | 0 | 1 | 0 | 1 | 2 |
| Investments | 0 | 0 | 0 | 0 | 27 |
| Other Assets | 11 | 44 | 66 | 107 | 178 |
| Total Assets | 11 | 46 | 106 | 155 | 287 |
Cash Flow
₹ Cr| Particulars | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating | 0 | −20 | 9 | 9 | −35 |
| Investing | 0 | −1 | −34 | −10 | −65 |
| Financing | 0 | 22 | 29 | 3 | 94 |
| Net Cash Flow | 1 | 0 | 4 | 2 | −6 |
| Free Cash Flow | 0 | −22 | −24 | −3 | −73 |
| CFO/EBITDA | 69 | −351 | 89 | 39 | −59 |
Ratios
| Particulars | 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view True Colors insights
54 extracted metrics across FY22–FY27.
Documents
- Concall · May 2026PPT
- Concall · May 2026Transcript PPT
- Concall · Nov 2025Transcript PPT
- 30 Oct 2026
- General announcements 31 Oct 2026
Frequently Asked Questions about True Colors
What does True Colors Ltd do?
Where is True Colors Ltd (TRUECOLORS) listed?
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Company Information
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry.
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