True Colors Limited

True Colors Limited

BBSE:TRUECOLORS
132.00
INR
-9.00
(-6.38%)
3.31BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
4.77
32.72
64.93
123.12
138.21
- -
Basic EPS, GAAP
0.26
1.59
3.34
12.78
14.28
- -
Free Cash Flow per Basic Share
0.25
-8.84
-12.03
-1.38
-33.63
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.26
2.58
5.93
22.51
75.9
75.9
Tangible Book Value per Share
0.26
2.58
5.92
22.5
75.9
75.9
Basic Weighted Avg Shares
19
25
25
19
22
23
Sales/Revenue/Turnover
90
807
1,601
2,334
3,015
- -
Operating Margin (%)
7.52
6.89
8.05
16.24
14.2
- -
Depreciation Expense
- -
- -
12
34
47
- -
Net Income, GAAP
5
39
82
242
312
- -
Effective Tax Rate (%)
26.63
28.3
28.15
25.34
15.75
- -
Profit Margin (%)
5.46
4.86
5.15
10.38
10.33
- -
Working Capital
6
58
-58
310
906
906
LT Debt
- -
103
233
228
81
81
Total Equity
6
64
146
555
1,871
1,871
Return on Invested Capital (%)
- -
28.39
18.59
31.67
21.26
- -
Return on Capital (%)
- -
30
19.61
31.6
21.15
- -
Return on Common Equity (%)
- -
111.74
78.6
69.11
25.68
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
247
340
378
LT Borrowings
228
389
81
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
- -
4,513
3,306

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,056
2,669
1,793
Cash, Cash Equivalents & STI
73
1,246
43
Accounts Receivable, Net
566
908
1,111
Inventories
359
363
430
Total Current Liabilities
746
977
887
Payables & Accruals
- -
- -
- -
ST Debt
247
340
378
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
237.24%
Free Cash Flow
- -
- -
2,695.78%
Net Income, GAAP
- -
- -
28.61%
Sales/Revenue/Turnover
- -
- -
29.22%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,601
2025
- -
- -
2,334
2026
- -
1,504
3,015

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.34
2025
- -
- -
12.78
2026
- -
7.54
14.28

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Satishkumar J. Panchani
Full Time Employees
963
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Surat India
IPO Date
Sep 30, 2025
Business
True Colors Limited is an India-based integrated digital textile printing solutions provider engaged in the manufacturing of printing consumables, distribution of digital printing machinery, and provision of end-to-end fabric printing services. The company operates across three primary business segments: Machinery and Consumables Distribution, In-House Manufacturing, and Digital Textile Printing Services. Its product and service portfolio comprises the import, distribution, installation, and servicing of wide-format digital textile printers from global equipment manufacturers including Konica Minolta, Skyjet, Hopetech, Itten, and Pengda; the supply of specialized industrial inks, such as sublimation, reactive, and disperse inks, along with machine spare parts; the in-house manufacturing of high-grade sublimation transfer paper used in polyester and blended textile applications; custom digital textile printing and job-work services utilizing advanced sublimation, reactive, position, dual-sided, fluorescent, and foil printing techniques; and the supply of finished printed textiles for apparel, sportswear, fashion, and home furnishing markets. Additionally, the company provides commercial printing, labeling, and flexible packaging solutions for fast-moving consumer goods and pharmaceutical sectors. Founded in 2021 as True Colors Private Limited, the company is headquartered in Surat, Gujarat, India. It maintains principal manufacturing, assembly, and research and development facilities in Surat, featuring an annual sublimation paper production capacity exceeding 100 million meters, supplemented by fabric processing and finishing operations in Kalakachha, Jalalpore. True Colors serves textile manufacturers, export houses, garment brands, fashion designers, and fabric traders across domestic and international markets. In recent corporate developments, the company converted from a private entity to a public limited enterprise in March 2025, adopting the name True Colors Limited. In September 2025, the company completed its initial public offering on the BSE SME platform, raising approximately INR 127.96 crore through a combination of fresh equity issuance and an offer for sale to finance manufacturing capacity expansion, bolster working capital, and accelerate business growth. Operationally, True Colors has expanded its specialized printing and packaging capabilities and initiated strategic plans to develop an overseas manufacturing and distribution presence in Oman to address demand across the Middle East and Africa.