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Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn

Indian Terrain Fashions Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹100.03Undervalued by 257.25%vs CMP ₹28.00

P/E (15.0) × ROE (22.7%) × BV (₹36.00) × DY (2.00%)

Defaults: P/E=15

₹57.13Undervalued by 104.04%vs CMP ₹28.00
MoS: +51% (Strong)Confidence: 44/100 (Low)Models: 3 Under, 1 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹89.8539%Under (+220.9%)
Net Asset ValueAssets₹35.8924%Under (+28.2%)
EV/EBITDAEnterprise₹8.0820%Over (-71.1%)
Revenue MultipleRevenue₹67.2418%Under (+140.1%)
Consensus (4 models)₹57.13100%Undervalued
Key Drivers: Wide model spread (₹8–₹90) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -10.2% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

51
Indian Terrain Fashions Ltd scores 51/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health56/100 · Moderate
ROCE 5.2% WeakROE 22.7% ExcellentD/E 0.22 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 31.6% Stable
Earnings Quality40/100 · Moderate
OPM contracting (10% → 3%) Declining
Quarterly Momentum60/100 · Moderate
Revenue (4Q): -1% YoY FlatOPM: 11.8% (up 6.6% YoY) Margin expansion
Industry Rank45/100 · Moderate
ROCE 5.2% vs industry 11.4% Below peersROE 22.7% vs industry 15.7% Above peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 142 Cr.
Current Price 28.0
Intrinsic Value₹57.13
High / Low 45.0/24.4
Stock P/E
Book Value 36.0
Dividend Yield0.00 %
ROCE5.17 %
ROE22.7 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indian Terrain Fashions Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Terrain Fashions Ltd 142 Cr. 28.0 45.0/24.4 36.00.00 %5.17 %22.7 % 2.00
Active Clothing Co Ltd 146 Cr. 94.1 161/82.612.1 53.00.00 %11.7 %11.5 % 10.0
VIP Clothing Ltd 153 Cr. 17.0 45.2/14.019.6 21.00.00 %6.21 %3.38 % 2.00
Integra Essentia Ltd 128 Cr. 1.20 2.61/1.0141.5 1.610.00 %4.75 %2.66 % 1.00
Zodiac Clothing Company Ltd 184 Cr. 67.0 125/58.5 71.00.00 %8.18 %16.2 % 10.0
Industry Average4,184.42 Cr1,215.8433.42143.320.29%11.36%15.66%7.21

All Competitor Stocks of Indian Terrain Fashions Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 121.86125.9392.28140.36109.21114.1668.3685.8396.8889.5368.78100.96101.40
Expenses 109.94112.5186.53129.83104.65104.9479.8489.6191.8786.1567.7792.4589.43
Operating Profit 11.9213.425.7510.534.569.22-11.48-3.785.013.381.018.5111.97
OPM % 9.78%10.66%6.23%7.50%4.18%8.08%-16.79%-4.40%5.17%3.78%1.47%8.43%11.80%
Other Income 0.93-4.380.681.041.111.101.031.580.921.231.260.880.20
Interest 4.816.515.045.585.805.455.585.505.474.414.484.654.69
Depreciation 5.525.655.405.215.086.604.884.714.314.043.833.593.42
Profit before tax 2.52-3.12-4.010.78-5.21-1.73-20.91-12.41-3.85-3.84-6.041.154.06
Tax % 12.70%95.51%-30.17%1,157.69%-24.76%-101.73%-26.97%75.50%-10.65%-43.49%2.48%133.04%36.95%
Net Profit 2.20-6.10-2.80-8.25-3.920.03-15.27-21.78-3.44-2.17-6.19-0.382.56
EPS in Rs 0.50-1.38-0.63-1.86-0.890.01-3.45-4.92-0.75-0.47-1.22-0.070.51

Last Updated: February 5, 2026, 1:38 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 232290325326401422370213336501456341361
Expenses 208257284286354372342232309448426344336
Operating Profit 24344140485128-19275330-325
OPM % 10%12%13%12%12%12%8%-9%8%11%7%-1%7%
Other Income 0155234117-0454
Interest 109797821241919222518
Depreciation 23234623232323221815
Profit before tax 122337333940-12-54-810-10-41-5
Tax % 21%21%11%31%35%35%-10%-43%-72%32%47%4%
Net Profit 101833232526-10-31-27-15-43-6
EPS in Rs 3.475.018.996.026.716.78-2.73-7.48-0.541.60-3.37-9.33-1.25
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)80.00%83.33%-30.30%8.70%4.00%-138.46%-210.00%93.55%450.00%-314.29%-186.67%
Change in YoY Net Profit Growth (%)0.00%3.33%-113.64%39.00%-4.70%-142.46%-71.54%303.55%356.45%-764.29%127.62%

Indian Terrain Fashions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:2%
5 Years:-2%
3 Years:0%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-23%
Stock Price CAGR
10 Years:-12%
5 Years:0%
3 Years:-20%
1 Year:-43%
Return on Equity
10 Years:0%
5 Years:-8%
3 Years:-8%
Last Year:-22%

Last Updated: September 5, 2025, 7:20 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 67788888899910
Reserves 30119154171196222209190188203188174172
Borrowings 563945443733123114109109143117109
Other Liabilities 48506478136155164153167225182142148
Total Liabilities 141216270301377418503466473546522442439
Fixed Assets 87273549531281119473624336
CWIP 0002000000000
Investments 0590003021221917908
Other Assets 133150243264328335354333360457452399395
Total Assets 141216270301377418503466473546522442439

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1412231219514142210-1419
Cash from Investing Activity + 1-5941-8-17-3745318118
Cash from Financing Activity + -1447-0-7-14-12-22-20-23-313-15
Net Cash Flow 0164-3-12-45-4-13-3-013
Free Cash Flow 14111-12-57192224-1416
CFO/OP 61%48%72%58%56%15%96%-76%84%18%-44%-659%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-32.00-5.00-4.00-4.0011.0018.00-95.00-133.00-82.00-56.00-113.00-120.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 121120132122162207248388243188222254
Inventory Days 17510811515913699121163143151123123
Days Payable 6669101103141126166242174195169143
Cash Conversion Cycle 230159146179157180203309212144176233
Working Capital Days 606682871011271401911179296118
ROCE %24%24%21%17%19%18%3%-10%3%11%3%-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 34.24%34.24%34.24%34.24%34.24%34.24%34.24%34.96%34.97%31.55%31.55%31.55%
FIIs 6.44%6.07%6.05%6.39%6.57%6.00%5.99%5.81%5.67%5.13%5.12%5.07%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.05%0.05%0.04%
Public 59.33%59.70%59.72%59.38%59.19%59.77%59.77%59.21%59.30%63.27%63.28%63.35%
No. of Shareholders 22,44522,00221,90320,68720,96920,34923,16323,15622,87822,41122,14021,734

Shareholding Pattern Chart

No. of Shareholders

Indian Terrain Fashions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -9.48-3.371.62-0.54-7.90
Diluted EPS (Rs.) -9.48-3.371.62-0.54-7.90
Cash EPS (Rs.) -5.411.666.745.09-1.81
Book Value[Excl.RevalReserv]/Share (Rs.) 40.0044.4447.7547.8248.29
Book Value[Incl.RevalReserv]/Share (Rs.) 40.0044.4447.7547.8248.29
Revenue From Operations / Share (Rs.) 74.53102.94113.0581.8251.87
PBDIT / Share (Rs.) -0.467.6713.798.32-1.77
PBIT / Share (Rs.) -4.392.648.652.69-7.45
PBT / Share (Rs.) -8.97-2.292.37-1.88-13.20
Net Profit / Share (Rs.) -9.33-3.371.60-0.53-7.48
PBDIT Margin (%) -0.617.4512.1910.16-3.41
PBIT Margin (%) -5.882.567.653.28-14.35
PBT Margin (%) -12.04-2.222.09-2.29-25.44
Net Profit Margin (%) -12.52-3.271.41-0.65-14.42
Return on Networth / Equity (%) -23.33-7.583.35-1.11-15.49
Return on Capital Employeed (%) -8.734.5713.784.12-10.84
Return On Assets (%) -9.64-2.851.29-0.46-6.60
Long Term Debt / Equity (X) 0.010.010.020.040.04
Total Debt / Equity (X) 0.470.470.240.250.22
Asset Turnover Ratio (%) 0.700.850.980.710.44
Current Ratio (X) 1.721.591.611.641.73
Quick Ratio (X) 1.391.231.141.231.39
Inventory Turnover Ratio (X) 4.050.000.000.000.00
Interest Coverage Ratio (X) -0.101.552.791.82-0.30
Interest Coverage Ratio (Post Tax) (X) -1.040.311.590.88-0.30
Enterprise Value (Cr.) 183.12379.82229.48243.94168.32
EV / Net Operating Revenue (X) 0.530.830.450.720.78
EV / EBITDA (X) -86.7911.173.767.14-23.12
MarketCap / Net Operating Revenue (X) 0.410.690.390.580.58
Price / BV (X) 0.761.600.941.010.62
Price / Net Operating Revenue (X) 0.410.690.390.580.58
EarningsYield -0.30-0.040.03-0.01-0.24

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indian Terrain Fashions Ltd. is a Public Limited Listed company incorporated on 29/09/2009 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L18101TN2009PLC073017 and registration number is 073017. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company's Total Operating Revenue is Rs. 340.60 Cr. and Equity Capital is Rs. 9.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsSurvey No 549/2 & 232 Plot No.4, Thirukkachiyur & Sengundram Industrial Area, Chengalpattu Tamil Nadu 603204Contact not found
Management
NamePosition Held
Mr. Venkatesh RajagopalChairman & Wholetime Director
Mr. Charath Ram NarsimhanManaging Director & CEO
Mrs. Rama RajagopalNon Exe.Non Ind.Director
Mr. P S RaghavanIndependent Director
Mrs. Tarique AnsariIndependent Director
Mrs. Nidhi ReddyIndependent Director

FAQ

What is the intrinsic value of Indian Terrain Fashions Ltd and is it undervalued?

As of 19 April 2026, Indian Terrain Fashions Ltd's intrinsic value is ₹57.13, which is 104.04% higher than the current market price of ₹28.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (22.7 %), book value (₹36.0), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indian Terrain Fashions Ltd?

Indian Terrain Fashions Ltd is trading at ₹28.00 as of 19 April 2026, with a FY2026-2027 high of ₹45.0 and low of ₹24.4. The stock is currently near its 52-week low. Market cap stands at ₹142 Cr..

How does Indian Terrain Fashions Ltd's P/E ratio compare to its industry?

Indian Terrain Fashions Ltd has a P/E ratio of , which is below the industry average of 33.42. This is broadly in line with or below the industry average.

Is Indian Terrain Fashions Ltd financially healthy?

Key indicators for Indian Terrain Fashions Ltd: ROCE of 5.17 % is on the lower side compared to the industry average of 11.36%; ROE of 22.7 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Indian Terrain Fashions Ltd profitable and how is the profit trend?

Indian Terrain Fashions Ltd reported a net profit of ₹-43 Cr in Mar 2025 on revenue of ₹341 Cr. Compared to ₹-2 Cr in Mar 2022, the net profit shows a mixed trend.

Does Indian Terrain Fashions Ltd pay dividends?

Indian Terrain Fashions Ltd has a dividend yield of 0.00 % at the current price of ₹28.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Terrain Fashions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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