True Colors
TRUECOLORSLTD NSE
True Colors
Capital GoodsNSE: TRUECOLORSLTD BSE: 544531 Industrial Products
Key Fundamentals
SMEIndustrial ProductsCapital GoodsMarket Cap
₹370 Cr
Volatility
Moderate
P/E Ratio
0
EBITDA
₹47.20 Cr
Return on Equity
16.65%
Debt to Equity
0.25
Book Value
₹66.65
52W High
₹271.95
52W Low
₹125
Tapetide Score
Data-driven rating, 0–100. How it works →
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
Growth Rate
Revenue Growth
29.18% lower than
3Y
Net Income Growth
28.93% lower than
3Y
Cash Flow Change
-39.68% lower than
3Y
ROE
-61.86% lower than
3Y
ROCE
-53.68% lower than
3Y
EBITDA Margin (Avg.)
-11.1% lower than
3Y
Quarterly Results
| 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 in Rs | 171 | 11.43 | 5.97 | 6.67 |
Profit & Loss
| 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 in Rs | 32.67 | 261 | 550 | 12.78 | 12.64 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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
| 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/OP | 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
50 extracted metrics + investor summaries across FY04–FY27.
Documents
1
Intimation About New Product Launch
8 May - True Colors launched seven printing and packaging product lines on May 08, 2026. 8 May - True Colors launched seven printing and packaging product lines on May 08, 2026.
2
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - True Colors confirms it is not a Large Corporate as of March 31, 2026. 30 Apr - True Colors confirms it is not a Large Corporate as of March 31, 2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - True Colors confirms it is not a Large Corporate as of March 31, 2026. 30 Apr - True Colors confirms it is not a Large Corporate as of March 31, 2026.
4
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Intimation Regarding Participation At FESPA Global Print Expo 2026, In Barcelona By Inkia Inks Private Limited, Group Company.
22 Apr - Inkia Inks will participate in FESPA Global Print Expo 2026 in Barcelona from 19-22 May, 2026. 22 Apr - Inkia Inks will participate in FESPA Global Print Expo 2026 in Barcelona from 19-22 May, 2026.
5
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Intimation Regarding Participation At FESPA Global Print Expo 2026, In Barcelona By Inkia Inks Private Limited, Group Company.
9h - Inkia Inks will participate in FESPA Global Print Expo 2026 in Barcelona from 19-22 May, 2026. 9h - Inkia Inks will participate in FESPA Global Print Expo 2026 in Barcelona from 19-22 May, 2026.
Frequently Asked Questions about True Colors
What does True Colors Ltd do?
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry.[1]
Where is True Colors Ltd (544531) listed?
True Colors Ltd trades as TRUECOLORSLTD on the NSE and under code 544531 on the BSE.
Which sector does True Colors Ltd belong to?
True Colors Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the market capitalisation of True Colors Ltd?
True Colors Ltd has a market capitalisation of ₹369.8 Cr, which places it in the Small Cap band.
What is the PE ratio of True Colors Ltd?
True Colors Ltd trades at a PE ratio of 0.00, against a book value of ₹66.65 per share.
What is the 52-week high and low of True Colors Ltd?
Over the last 52 weeks True Colors Ltd has traded between ₹125 and ₹271.95.
What is the Return on Equity (ROE) of True Colors Ltd?
True Colors Ltd reported a return on equity of 16.65%. Its debt-to-equity ratio is 0.25.
Company Information
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry.[1]
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