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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of TCNS Clothing Co. Ltd

About the Company - TCNS Clothing Co. Ltd

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₹397.20
Previous Day₹408.65

Basic Stock Data of TCNS Clothing Co. Ltd

Market Cap 2,423 Cr.
Current Price 383
High / Low542/341
Stock P/E
Book Value 72.0
Dividend Yield0.00 %
ROCE1.72 %
ROE3.17 %
Face Value 2.00

Data Source: screener.in

Competitors of TCNS Clothing Co. Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SEL Manufacturing Company Ltd 284 Cr. 85.8244/72.5 4.910.00 %14.2 %102 % 10.0
Advance Lifestyles Ltd 26.4 Cr. 42.464.8/22.5165 49.70.00 %0.04 %0.10 % 10.0
Sutlej Textiles and Industries Ltd 1,091 Cr. 66.673.4/38.0 68.61.50 %7.72 %4.07 % 1.00
GTN Textiles Ltd 15.7 Cr. 13.515.0/10.04.48 16.70.00 %1.85 %48.6 % 10.0
Century Textiles & Industries Ltd 16,162 Cr. 1,4471,599/597119 3370.34 %6.32 %4.65 % 10.0
Industry Average3,515.82 Cr331.0657.7095.380.37%6.03%31.88%8.20

TCNS Clothing Co. Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales14423822194239329234276351306269244226
Expenses160199198117209265215245304266260254353
Operating Profit-163823-233063203146408-10-127
OPM %-11%16%10%-25%13%19%8%11%13%13%3%-4%-56%
Other Income9518315512724452
Interest971189911101113181419
Depreciation22192521222329262729392933
Profit before tax-38175-491435-83101-45-49-177
Tax %28%25%18%26%22%29%24%6%24%29%37%25%23%
Net Profit-28134-361125-6280-28-37-136
EPS in Rs-4.492.060.63-5.861.804.07-0.940.401.240.08-4.56-5.85-21.57

TCNS Clothing Co. Ltd Quarterly Chart

TCNS Clothing Co. Ltd Profit & Loss

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1121271473014857019971,1481,1496368961,2021,044
Expenses1021101332504896238419719626338061,0761,134
Operating Profit9171451-378156177186290126-89
OPM %8%13%9%17%-1%11%16%15%16%0%10%10%-9%
Other Income000110682149351614
Interest000532113836375265
Depreciation233691317221039294121130
Profit before tax7141141-146214516266-77-7-31-270
Tax %36%34%36%36%-204%75%32%19%-5%27%21%44%
Net Profit59726-42169813169-56-6-18-201
EPS in Rs5.391.010.752.86-4.521.4217.4021.4311.29-9.16-0.93-2.84-31.90
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

TCNS Clothing Co. Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2011-20122012-20132015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)80.00%-22.22%-261.54%138.10%512.50%33.67%-47.33%-181.16%89.29%-200.00%
Change in YoY Net Profit Growth (%)0.00%-102.22%-239.32%399.63%374.40%-478.83%-81.00%-133.83%270.45%-289.29%

TCNS Clothing Co. Ltd Growth

Compounded Sales Growth
10 Years:23%
5 Years:4%
3 Years:2%
TTM:-13%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-5405%
Stock Price CAGR
10 Years:%
5 Years:-14%
3 Years:-8%
1 Year:-17%
Return on Equity
10 Years:%
5 Years:4%
3 Years:-5%
Last Year:-3%

TCNS Clothing Co. Ltd Balance Sheet

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital999991111121212121213
Reserves12616810039271420606648600608599442
Preference Capital011100000000
Borrowings3326314038900362330413547635
Other Liabilities32293165222135165167176132228328401
Total Liabilities861251392143094265977861,1981,0741,2611,4861,491
Fixed Assets5792139475259352301403520549
CWIP0000038021200
Investments000112213811817214620
Other Assets81118130192268374535589726600710965942
Total Assets861251392143094265977861,1981,0741,2611,4861,491

TCNS Clothing Co. Ltd Reserves and Borrowings Chart

Advance Lifestyles Ltd Cash Flow

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -1-1854190131113104-0
Cash from Investing Activity -2-5-5-28-143-3-562109
Cash from Financing Activity 429-12138-97-96-109-96
Net Cash Flow16-035-1531-38-412

TCNS Clothing Co. Ltd Financial Efficiency Indicators

MonthMar 2011Mar 2012Mar 2013Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days88133144794852575756957178
Inventory Days456482535239257300373426451
Days Payable232297301122108111122202237
Cash Conversion Cycle88133144303233285174206244345294292
Working Capital Days149221209128758696103122206152155
ROCE %15%19%10%-8%35%41%31%13%-4%3%2%

TCNS Clothing Co. Ltd Financial Efficiency Indicators Chart

TCNS Clothing Co. Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters32.31%32.31%32.30%32.28%32.26%32.25%32.25%32.21%32.20%31.47%61.05%52.06%
FIIs19.52%17.84%17.86%17.63%17.01%16.70%16.82%16.84%16.68%12.20%5.32%5.03%
DIIs4.36%5.91%6.13%6.57%7.23%7.15%5.02%4.50%3.66%4.94%2.53%1.75%
Public43.81%43.94%43.72%43.52%43.50%43.89%45.92%46.45%47.45%51.38%31.09%41.16%
No. of Shareholders15,21416,15115,26516,07616,24618,89419,43820,48020,46322,16825,02423,064

TCNS Clothing Co. Ltd Shareholding Pattern Chart

No. of TCNS Clothing Co. Ltd Shareholders

TCNS Clothing Co. Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Axis Small Cap Fund7607460.1528.57
HSBC Small Cap Equity Fund - OLD750001.534.59
Motilal Oswal Nifty Microcap 250 Index Fund128200.080.48

TCNS Clothing Co. Ltd ROCE Trend

TCNS Clothing Co. Ltd EPS Trend

TCNS Clothing Co. Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)2.75-0.90-8.8510.8520.95
Diluted EPS (Rs.)2.75-0.90-8.8510.8420.60
Cash EPS (Rs.)16.7314.395.7828.1425.05
Book Value[Excl.RevalReserv]/Share (Rs.)99.10100.6099.47107.62100.87
Book Value[Incl.RevalReserv]/Share (Rs.)99.10100.6099.47107.62100.87
Revenue From Operations / Share (Rs.)194.67145.43103.30187.31187.19
PBDIT / Share (Rs.)22.9420.188.3633.8230.06
PBIT / Share (Rs.)3.374.86-6.5817.0026.44
PBT / Share (Rs.)-5.06-1.17-12.5110.7726.36
Net Profit / Share (Rs.)-2.84-0.92-9.1611.3221.43
PBDIT Margin (%)11.7813.878.0918.0516.05
PBIT Margin (%)1.733.34-6.379.0714.12
PBT Margin (%)-2.59-0.80-12.105.7514.07
Net Profit Margin (%)-1.46-0.63-8.876.0411.44
Return on Networth / Equity (%)-2.86-0.92-9.2110.5121.24
Return on Capital Employeed (%)1.963.03-4.5310.6525.61
Return On Assets (%)-1.18-0.45-5.245.7916.72
Total Debt / Equity (X)0.060.000.010.000.00
Asset Turnover Ratio (%)0.870.760.551.161.69
Current Ratio (X)1.962.663.653.264.18
Quick Ratio (X)0.801.352.111.752.38
Inventory Turnover Ratio (X)1.171.160.721.491.72
Interest Coverage Ratio (X)2.723.351.415.43358.65
Interest Coverage Ratio (Post Tax) (X)0.660.84-0.542.82256.71
Enterprise Value (Cr.)2614.314693.613114.052031.834996.67
EV / Net Operating Revenue (X)2.185.244.901.774.35
EV / EBITDA (X)18.4637.7560.559.8027.10
MarketCap / Net Operating Revenue (X)2.165.254.911.824.37
Price / BV (X)4.257.595.103.168.12
Price / Net Operating Revenue (X)2.165.254.911.824.37
EarningsYield-0.010.00-0.010.030.02

TCNS Clothing Co. Ltd Profitability Ratios (%)

TCNS Clothing Co. Ltd Liquidity Ratios

TCNS Clothing Co. Ltd Liquidity Ratios (%)

TCNS Clothing Co. Ltd Interest Coverage Ratios (X)

TCNS Clothing Co. Ltd Valuation Ratios

Fair Value / Intrinsic Value of TCNS Clothing Co. Ltd

Fair Value: ₹34.92

The stock is overvalued by 90.88% compared to the current price ₹383

*Investments are subject to market risks

Strength and Weakness of TCNS Clothing Co. Ltd

StrengthWeakness
  1. The company has higher reserves (344.15 cr) compared to borrowings (0.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (338.92 cr) and profit (8.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 9.02 and average Dividend Yield of 0.87%.
  2. The stock has a low average ROCE of 13.08%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 141.83, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 228.42, which may not be favorable.

Should I Buy Advance Lifestyles Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in TCNS Clothing Co. Ltd:
    1. Net Profit Margin: -1.46%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 1.96% (Industry Average ROCE: 3.02%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 0.66
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.80
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✓ Stock P/E of N/A (Industry average Stock P/E: 0.88)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.06
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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