TCNS Clothing Co. Ltd(Merged)
TCNS Clothing Co. Ltd(Merged)
Consumer Discretionary DelistedTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company's working capital requirements have reduced from 85.5 days to 17.4 days
Weaknesses
4- Stock is trading at 12.2 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.
Growth Rate
Quarterly Results
| Particulars | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 94 | 239 | 329 | 234 | 276 | 351 | 306 | 269 | 244 | 226 | 278 | 211 | 206 |
| Expenses | 117 | 209 | 265 | 215 | 245 | 304 | 266 | 260 | 254 | 353 | 288 | 249 | 246 |
| Operating Profit | -23 | 30 | 63 | 20 | 31 | 46 | 40 | 8 | -10 | -127 | -10 | -38 | -40 |
| OPM % | -25% | 13% | 19% | 8% | 11% | 13% | 13% | 3.1% | -4.2% | -56% | -3.5% | -18% | -19% |
| Other Income | 3 | 15 | 5 | 12 | 7 | 2 | 4 | 4 | 5 | 2 | 2 | 4 | 4 |
| Interest | 8 | 9 | 9 | 11 | 10 | 11 | 13 | 18 | 14 | 19 | 18 | 20 | 16 |
| Depreciation | 21 | 22 | 23 | 29 | 26 | 27 | 29 | 39 | 29 | 33 | 31 | 31 | 27 |
| PBT | -49 | 14 | 35 | -8 | 3 | 10 | 1 | -45 | -49 | -177 | -57 | -84 | -80 |
| Tax % | -26% | 22% | 29% | -24% | 6% | 24% | 29% | -37% | -25% | -23% | -9% | -24% | -25% |
| Net Profit | -36 | 11 | 25 | -6 | 2 | 8 | 0 | -28 | -37 | -136 | -52 | -64 | -60 |
| EPS in Rs | -5.86 | 1.8 | 4.07 | -0.94 | 0.4 | 1.24 | 0.08 | -4.56 | -5.85 | -21.57 | -8.17 | -10.05 | -9.44 |
Profit & Loss
| Particulars | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127 | 147 | 301 | 485 | 701 | 997 | 1,148 | 1,149 | 636 | 896 | 1,202 | 960 | 922 |
| Expenses | 110 | 133 | 250 | 489 | 623 | 841 | 971 | 962 | 633 | 806 | 1,076 | 1,144 | 1,136 |
| Operating Profit | 17 | 14 | 51 | -3 | 78 | 156 | 177 | 186 | 2 | 90 | 126 | -185 | -214 |
| OPM % | 13% | 9% | 17% | -0.7% | 11% | 16% | 15% | 16% | 0.4% | 10% | 10% | -19% | -23% |
| Other Income | 0 | 0 | 1 | 1 | 0 | 6 | 8 | 21 | 49 | 35 | 16 | 13 | 12 |
| Interest | 0 | 0 | 5 | 3 | 2 | 1 | 1 | 38 | 36 | 37 | 52 | 71 | 73 |
| Depreciation | 3 | 3 | 6 | 9 | 13 | 17 | 22 | 103 | 92 | 94 | 121 | 125 | 122 |
| PBT | 14 | 11 | 41 | -14 | 62 | 145 | 162 | 66 | -77 | -7 | -31 | -368 | -398 |
| Tax % | 34% | 36% | 36% | 204% | 75% | 32% | 19% | -5% | -27% | -21% | -44% | -21% | — |
| Net Profit | 9 | 7 | 26 | -42 | 16 | 98 | 131 | 69 | -56 | -6 | -18 | -289 | -311 |
| EPS in Rs | 1.01 | 0.75 | 2.87 | -4.53 | 1.42 | 17.39 | 21.44 | 11.29 | -9.17 | -0.93 | -2.84 | -45.58 | -49.23 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | 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 |
| Borrowings | 27 | 32 | 41 | 38 | 9 | 0 | 0 | 362 | 330 | 413 | 547 | 607 |
| Other Liabilities | 28 | 30 | 64 | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Particulars | Mar 2012 | Mar 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -18 | 5 | — | — | — | 41 | 90 | 131 | 113 | 104 | 0 | 47 |
| Investing | -5 | -5 | — | — | — | -28 | -143 | -3 | -56 | 2 | 109 | -15 |
| Financing | 29 | -1 | — | — | — | 21 | 38 | -97 | -96 | -109 | -96 | -53 |
| Net Cash Flow | 6 | 0 | — | — | — | 35 | -15 | 31 | -38 | -4 | 12 | -21 |
| Free Cash Flow | -23 | 1 | — | — | — | 14 | 66 | 99 | 103 | 72 | -38 | 30 |
| CFO/OP | -83 | 65 | — | — | — | 55 | 69 | 85 | 3,262 | 116 | -6 | -26 |
Ratios
| Particulars | 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 | 87 | 54 | 82 | 96 | 103 | 102 | 167 | 122 | 117 | 17 |
| ROCE % | 19% | 10% | — | -8% | 35% | 41% | 31% | 13% | -4% | 3% | 2% | -29% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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45 extracted metrics + investor summaries across FY12–FY24.
Documents
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Company Information
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]
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