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Last Updated: September 4, 2025, 2:22 pm
Author: Getaka|Social: XLinkedIn

TCNS Clothing Co. Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹369.95Overvalued by 36.65%vs CMP ₹584.00

P/E (15.0) × ROE (63.1%) × BV (₹47.90) × DY (2.00%)

Defaults: P/E=15

₹132.29Overvalued by 77.35%vs CMP ₹584.00
MoS: -341.5% (Negative)Confidence: 55/100 (Moderate)Models: All 4: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹175.9841%Over (-69.9%)
Net Asset ValueAssets₹48.0224%Over (-91.8%)
ROCE CapitalReturns₹127.7216%Over (-78.1%)
Revenue MultipleRevenue₹151.6518%Over (-74%)
Consensus (4 models)₹132.29100%Overvalued
Key Drivers: EPS CAGR -52.4% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -52.4% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

53
TCNS Clothing Co. Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 28.7% ExcellentROE 63.1% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 52.0% StableShareholders down 23% Consolidation
Earnings Quality50/100 · Moderate
OPM contracting (5% → -5%) DecliningWorking capital: 17 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -21% YoY DecliningOPM: -19.0% (down 15.0% YoY) Margin pressure
Industry Rank75/100 · Strong
ROCE 28.7% vs industry 10.8% Above peersROE 63.1% vs industry 29.5% Above peers3Y sales CAGR: 15% Moderate

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: September 4, 2025, 2:22 pm

Market Cap 3,697 Cr.
Current Price 584
Intrinsic Value₹132.29
High / Low /
Stock P/E
Book Value 47.9
Dividend Yield0.00 %
ROCE28.7 %
ROE63.1 %
Face Value 2.00
PEG Ratio0.00

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

View Share Price Target for TCNS Clothing Co. Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
TCNS Clothing Co. Ltd 3,697 Cr. 584 / 47.90.00 %28.7 %63.1 % 2.00
Jindal Worldwide Ltd 2,023 Cr. 20.2 79.3/17.830.8 8.170.00 %10.2 %10.1 % 1.00
Garware Technical Fibres Ltd 5,937 Cr. 598 970/57928.0 1311.34 %24.7 %18.7 % 10.0
GHCL Textiles Ltd 673 Cr. 70.4 99.0/65.011.8 1530.71 %4.53 %3.96 % 2.00
Sutlej Textiles and Industries Ltd 440 Cr. 26.9 51.7/23.7 52.00.00 %2.57 %7.04 % 1.00
Industry Average1,369.00 Cr94.1150.9181.700.16%10.78%29.54%8.11

All Competitor Stocks of TCNS Clothing Co. Ltd

Quarterly Result

MetricJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales 94239329234276351306269244226278211206
Expenses 117209265215245304266260254353288249246
Operating Profit -233063203146408-10-127-10-38-40
OPM % -25%13%19%8%11%13%13%3%-4%-56%-4%-18%-19%
Other Income 315512724452244
Interest 89911101113181419182016
Depreciation 21222329262729392933313127
Profit before tax -491435-83101-45-49-177-57-84-80
Tax % -26%22%29%-24%6%24%29%-37%-25%-23%-9%-24%-25%
Net Profit -361125-6280-28-37-136-52-64-60
EPS in Rs -5.861.804.07-0.940.401.240.08-4.56-5.85-21.57-8.17-10.05-9.44

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:32 am

MetricMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 1271473014857019971,1481,1496368961,202960922
Expenses 1101332504896238419719626338061,0761,1441,136
Operating Profit 171451-378156177186290126-185-214
OPM % 13%9%17%-1%11%16%15%16%0%10%10%-19%-23%
Other Income 0011068214935161312
Interest 0053211383637527173
Depreciation 33691317221039294121125122
Profit before tax 141141-146214516266-77-7-31-368-398
Tax % 34%36%36%204%75%32%19%-5%-27%-21%-44%-21%
Net Profit 9726-42169813169-56-6-18-289-311
EPS in Rs 1.010.752.87-4.531.4217.3921.4411.29-9.17-0.93-2.84-45.58-49.23
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-22.22%-261.54%138.10%512.50%33.67%-47.33%-181.16%89.29%-200.00%-1505.56%
Change in YoY Net Profit Growth (%)0.00%-239.32%399.63%374.40%-478.83%-81.00%-133.83%270.45%-289.29%-1305.56%

TCNS Clothing Co. Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2012-2013 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:-4%
3 Years:15%
TTM:-21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-447%
Stock Price CAGR
10 Years:%
5 Years:10%
3 Years:-6%
1 Year:0%
Return on Equity
10 Years:%
5 Years:-10%
3 Years:-19%
Last Year:-63%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 10, 2025, 3:31 am

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 99991111121212121213
Reserves 616810039271420606648600608599291
Borrowings 27324138900362330413547607
Other Liabilities 283064222135165167176132228328374
Total Liabilities 1251392143094265977861,1981,0741,2611,4861,285
Fixed Assets 792139475259352301403520472
CWIP 000038021200
Investments 00112213811817214620
Other Assets 118130192268374535589726600710965812
Total Assets 1251392143094265977861,1981,0741,2611,4861,285

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity + -1854190131113104-047
Cash from Investing Activity + -5-5-28-143-3-562109-15
Cash from Financing Activity + 29-12138-97-96-109-96-53
Net Cash Flow 6-035-1531-38-412-21
Free Cash Flow -23114669910372-3830
CFO/OP -83%65%55%69%85%3,262%116%-6%-26%

Free Cash Flow

MonthMar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-10.00-18.0010.00-41.0069.00156.00177.00-176.00-328.00-323.00-421.00-792.00

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 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 13314479485257575695717856
Inventory Days 456482535239257300373426451401
Days Payable 232297301122108111122202237286
Cash Conversion Cycle 133144303233285174206244345294292171
Working Capital Days 2212098754829610310216712211717
ROCE %19%10%-8%35%41%31%13%-4%3%2%-29%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters 32.30%32.28%32.26%32.25%32.25%32.21%32.20%31.47%61.05%52.06%52.01%52.01%
FIIs 17.86%17.63%17.01%16.70%16.82%16.84%16.68%12.20%5.32%5.03%4.57%4.46%
DIIs 6.13%6.57%7.23%7.15%5.02%4.50%3.66%4.94%2.53%1.75%1.75%2.15%
Public 43.72%43.52%43.50%43.89%45.92%46.45%47.45%51.38%31.09%41.16%41.67%41.39%
No. of Shareholders 15,26516,07616,24618,89419,43820,48020,46322,16825,02423,06423,42918,041

Shareholding Pattern Chart

No. of Shareholders

TCNS Clothing Co. Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund 760,746 0.15 28.57760,7462025-04-22 17:25:190%
HSBC Small Cap Equity Fund - OLD 75,000 1.53 4.5975,0002025-04-22 17:25:190%
Motilal Oswal Nifty Microcap 250 Index Fund 12,820 0.08 0.4812,8202025-04-22 17:25:190%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) -45.672.75-0.90-8.8510.85
Diluted EPS (Rs.) -45.672.75-0.90-8.8510.84
Cash EPS (Rs.) -25.8916.7314.395.7828.14
Book Value[Excl.RevalReserv]/Share (Rs.) 47.9499.10100.6099.47107.62
Book Value[Incl.RevalReserv]/Share (Rs.) 47.9499.10100.6099.47107.62
Revenue From Operations / Share (Rs.) 151.65194.67145.43103.30187.31
PBDIT / Share (Rs.) -27.2022.9420.188.3633.82
PBIT / Share (Rs.) -46.913.374.86-6.5817.00
PBT / Share (Rs.) -58.08-5.06-1.17-12.5110.77
Net Profit / Share (Rs.) -45.60-2.84-0.92-9.1611.32
PBDIT Margin (%) -17.9311.7813.878.0918.05
PBIT Margin (%) -30.931.733.34-6.379.07
PBT Margin (%) -38.29-2.59-0.80-12.105.75
Net Profit Margin (%) -30.07-1.46-0.63-8.876.04
Return on Networth / Equity (%) -95.12-2.86-0.92-9.2110.51
Return on Capital Employeed (%) -41.131.963.03-4.5310.65
Return On Assets (%) -22.46-1.18-0.45-5.245.79
Total Debt / Equity (X) 0.420.060.000.010.00
Asset Turnover Ratio (%) 0.690.870.760.551.16
Current Ratio (X) 1.081.962.663.653.26
Quick Ratio (X) 0.420.801.352.111.75
Inventory Turnover Ratio (X) 0.451.171.160.721.49
Interest Coverage Ratio (X) -2.432.723.351.415.43
Interest Coverage Ratio (Post Tax) (X) -3.080.660.84-0.542.82
Enterprise Value (Cr.) 0.002614.314693.613114.052031.83
EV / Net Operating Revenue (X) 0.002.185.244.901.77
EV / EBITDA (X) 0.0018.4637.7560.559.80
MarketCap / Net Operating Revenue (X) 0.002.165.254.911.82
Price / BV (X) 0.004.257.595.103.16
Price / Net Operating Revenue (X) 0.002.165.254.911.82
EarningsYield 0.00-0.010.00-0.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company

TCNS Clothing Co. Ltd. is a Public Limited Listed company incorporated on 03/12/1997 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L99999DL1997PLC090978 and registration number is 090978. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs. 896.05 Cr. and Equity Capital is Rs. 12.32 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - General119-127, W House, Mandi Road, New Delhi Delhi 110030investors@tcnsclothing.com
https://www.wforwoman.com
Management
NamePosition Held
Mr. Onkar Singh PasrichaChairman & Executive Director
Mr. Anant Kumar DagaManaging Director
Mr. Naveen WadheraNon Executive Director
Mr. Arvinder Singh PasrichaNon Executive Director
Ms. Sangeeta TalwarIndependent Director
Mr. Bhaskar PramanikIndependent Director
Ms. Neeru AbrolIndependent Director
Mr. Suresh JayaramanIndependent Director

TCNS Clothing Co. Ltd. Share Price Update

Share PriceValue
Today₹480.55
Previous Day₹459.85

FAQ

What is the intrinsic value of TCNS Clothing Co. Ltd and is it undervalued?

As of 14 April 2026, TCNS Clothing Co. Ltd's intrinsic value is ₹132.29, which is 77.35% lower than the current market price of ₹584.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (63.1 %), book value (₹47.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of TCNS Clothing Co. Ltd?

TCNS Clothing Co. Ltd is trading at ₹584.00 as of 14 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹3,697 Cr..

How does TCNS Clothing Co. Ltd's P/E ratio compare to its industry?

TCNS Clothing Co. Ltd has a P/E ratio of , which is below the industry average of 50.91. This is broadly in line with or below the industry average.

Is TCNS Clothing Co. Ltd financially healthy?

Key indicators for TCNS Clothing Co. Ltd: ROCE of 28.7 % indicates efficient capital utilization; ROE of 63.1 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is TCNS Clothing Co. Ltd profitable and how is the profit trend?

TCNS Clothing Co. Ltd reported a net profit of ₹-289 Cr in Mar 2024 on revenue of ₹960 Cr. Compared to ₹-56 Cr in Mar 2021, the net profit shows a mixed trend.

Does TCNS Clothing Co. Ltd pay dividends?

TCNS Clothing Co. Ltd has a dividend yield of 0.00 % at the current price of ₹584.00. 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 TCNS Clothing Co. 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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