MarketFriction

Indian Terrain Fashions Ltd

NSE INDTERRAIN · BSE 533329 · Garments & Apparels
₹29.22 -0.68%
NSE close2026-10-01
52 week range24.56 - 42.62
Market cap₹147 Cr.
P/E179
Price band 20% Delivery 88.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales140.36109.21114.1668.3685.8396.8889.5368.78100.96101.40106.5381.74
Expenses129.83104.65104.9479.8489.6191.8786.1567.7792.4589.4395.7375.66
Operating Profit10.534.569.22-11.48-3.785.013.381.018.5111.9710.806.08
OPM %7.50%4.18%8.08%-16.79%-4.40%5.17%3.78%1.47%8.43%11.80%10.14%7.44%
Other Income1.041.111.101.031.580.921.231.260.880.201.221.49
Interest5.585.805.455.585.505.474.414.484.654.695.244.51
Depreciation5.215.086.604.884.714.314.043.833.593.423.242.92
Profit before tax0.78-5.21-1.73-20.91-12.41-3.85-3.84-6.041.154.063.540.14
Tax %1,157.69%-24.76%-101.73%-26.97%75.50%-10.65%-43.49%2.48%133.04%36.95%125.42%692.86%
Net Profit-8.25-3.920.03-15.27-21.78-3.44-2.17-6.19-0.382.56-0.90-0.83
EPS in Rs-1.86-0.890.01-3.45-4.92-0.75-0.47-1.22-0.070.51-0.18-0.16
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales325326401422370213336501456341378391
Expenses284286354372342232309448426344341353
Operating Profit4140485128-19275330-33637
OPM %13%12%12%12%8%-9%8%11%7%-0.9%10%10%
Other Income55234117-04544
Interest79782124191922252319
Depreciation23462323232322181413
Profit before tax37333940-12-54-810-10-4139
Tax %11%31%35%35%-10%-43%-72%32%47%4%281%
Net Profit33232526-10-31-27-15-43-50
EPS in Rs8.996.026.716.78-2.73-7.48-0.541.60-3.37-9.33-0.970.10
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%12%-9%15%
Compounded Profit Growth%13%%102%
Stock Price CAGR-15%-6%-22%-11%
Return on Equity-2%-6%-11%-3%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7788888899910
Reserves119154171196222209190188203188174174
Borrowings3945443733123114109109143117102
Other Liabilities506478136155164153167225182142153
Total Liabilities216270301377418503466473546522442439
Fixed Assets7273549531281119473624329
CWIP002000000000
Investments590003021221917908
Other Assets150243264328335354333360457452399402
Total Assets216270301377418503466473546522442439
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity12231219514142210-141919
Cash from Investing Activity-5941-8-17-3745318118-7
Cash from Financing Activity47-0-7-14-12-22-20-23-313-15-25
Net Cash Flow164-3-12-45-4-13-3-013-13
Free Cash Flow111-12-57192224-141618
CFO/OP48%72%58%56%15%96%-76%84%18%-44%-659%55%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days120132122162207248388243188222254239
Inventory Days10811515913699121163143151123123126
Days Payable69101103141126166242174195169103129
Cash Conversion Cycle159146179157180203309212144176273236
Working Capital Days6682871011271401911179296118122
ROCE %24%21%17%19%18%3%-10%3%11%3%-5%9%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters34.24%34.24%34.24%34.24%34.24%34.96%34.97%31.55%31.55%31.55%31.55%31.55%
FIIs6.05%6.39%6.57%6.00%5.99%5.81%5.67%5.13%5.12%5.07%5.07%5.07%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.06%0.05%0.05%0.04%0.04%0.29%
Public59.72%59.38%59.19%59.77%59.77%59.21%59.30%63.27%63.28%63.35%63.35%63.09%
No. of Shareholders21,90320,68720,96920,34923,16323,15622,87822,41122,14021,73421,31020,905

Fundamentals

Market Cap₹ 147 Cr.
Current Price₹ 29.4
Stock P/E179
Book Value₹ 36.3
ROCE8.80 %
ROE-2.74 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)102%
Standalone figures.
Valuation
Market capRs 148 Cr
Enterprise valueRs 216 Cr
P/E (TTM)329.00x
Price to book0.81x
Price to sales0.38x
EV / EBITDA5.25x
EV / EBIT7.72x
EV / sales0.55x
Price to cash flow7.62x
Earnings yield0.30%
P/B, 3-year average1.02x
P/E, 5-year average28.18x
P/B, 5-year average1.00x
Profitability
Operating margin (excl. other income)9.60%
Operating margin (incl. other income)10.54%
EBITDA margin10.53%
Pre-tax margin2.28%
Net profit margin0.12%
Net margin, latest quarter-1.02%
ROE-2.68%
ROCE8.78%
ROA-1.11%
ROE, 3-year average-10.82%
ROCE, 3-year average2.43%
ROA, 3-year average-4.25%
ROE, 5-year average-6.02%
ROCE, 5-year average4.08%
ROA, 5-year average-2.37%
ROIC (approx.)-20.12%
Tax rate281.18%
Other income / net worth1.94%
Growth
Sales growth (latest year)10.88%
Sales CAGR, 3 years-8.98%
Sales CAGR, 5 years12.12%
Sales growth QoQ-23.27%
Sales growth YoY (latest quarter)18.84%
Per share
EPS (TTM)Rs 0.09
EPS (latest year)Rs -0.97
EPS (latest quarter)Rs -0.16
EPS, 3-year averageRs -4.56
EPS, 5-year averageRs -2.52
Book value per shareRs 36.30
Sales per shareRs 77.10
Cash flow per shareRs 3.83
Free cash flow per shareRs 3.55
Efficiency
Asset turnover0.86x
Fixed asset turnover13.12x
Inventory turnover3.07x
Inventory days119 days
Debtor days239 days
Debtors turnover1.53x
Creditor days129 days
Cash conversion cycle236 days
Working capital days122 days
Leverage
Total debtRs 102 Cr
Cash and bankRs 34 Cr
Net debtRs 68 Cr
Debt to equity0.55x
Net debt / EBITDA1.65x
Interest coverage1.47x
Owners' fund to total sources41.90%
Debt to assets23.18%
Cash flow
Cash from Operating Activity (latest year)Rs 19 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -25 Cr
Net Cash Flow (latest year)Rs -13 Cr
Free cash flow (latest year)Rs 18 Cr
FCFE (approx.: FCF + change in debt)Rs 2 Cr
Sales to cash flow19.45x
Statement figures
Net sales (TTM)Rs 391 Cr
Net sales (latest year)Rs 378 Cr
Sales (latest quarter)Rs 82 Cr
Operating profit excl. other income (latest year)Rs 36 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 41 Cr
PBDT (TTM)Rs 22 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs -5 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 13 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 230 Cr
Total expenditure (latest year)Rs 341 Cr
Total income (latest year)Rs 381 Cr
Share capitalRs 10 Cr
ReservesRs 174 Cr
Shareholders' fundsRs 184 Cr
Total assetsRs 439 Cr
Net blockRs 29 Cr
InvestmentsRs 8 Cr
ReceivablesRs 248 Cr
InventoryRs 75 Cr
Other liabilitiesRs 153 Cr
Shares outstanding (crore)5.07
Ownership
Promoter holding31.55% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 329.0 is at the 94th percentile of its own 4.2-year range (median 39.3, low 5.0, high 339.0).
P/B 0.80 is at the 11th percentile (median 1.36).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDTERRAINNifty 50Difference
1 week-2.2%-2.8% +0.5 pts
1 month-5.2%-6.8% +1.6 pts
3 months-12.2%-7.6% -4.6 pts
6 months+17.5%+0.4% +17.1 pts
1 year-12.1%-9.9% -2.2 pts
2 years-50.1%-13.6% -36.6 pts
3 years-51.8%+14.2% -66.0 pts
5 years-30.8%+27.9% -58.6 pts

Red flags

F-score 6 of 8
lookShare dilution Share count up 11% in a year, 14% in three
lookProfit leans on other income Other income was 131% of pre-tax profit in 2026
lookRepeated losses Net loss in each of the last two years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹82 Cr +18.8% vs Jun 2025. Net loss ₹1 Cr.
Against our estimate for Jun 2026: sales +6.3%, profit -76.7% in line. Our estimate for Sep 2026: sales Rs 120 Cr, profit Rs -1 Cr (how).

Activity

Compare
CompanyMcap (Cr)P/EROCE
Page Industries Ltd40,80152.264.4 %
Arvind Ltd14,83833.814.7 %
Pearl Global Industries Ltd11,92138.019.9 %
Gokaldas Exports Ltd4,97248.37.65 %
Lux Industries Ltd3,32132.17.68 %
Kewal Kiran Clothing Ltd2,88419.517.2 %
SBC Exports Ltd2,60776.816.7 %
S P Apparels Ltd2,35622.414.0 %
Kitex Garments Ltd2,3041.59 %
Cantabil Retail India Ltd1,94920.019.4 %
Dollar Industries Ltd1,59314.413.6 %
Iris Clothings Ltd1,19568.016.0 %
Monte Carlo Fashions Ltd1,07010.214.0 %
Rupa & Company Ltd1,05313.59.59 %
Karnika Industries Ltd77527.7%
No bulk or block deals on record.
Ex-dateActionFactor
2024-09-09Annual General Meeting
2023-09-11Annual General Meeting
2022-09-01Annual General Meeting
2021-09-08 Annual General Meeting
2020-09-11 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-12 Annual General Meeting
2017-09-14 Annual General Meeting
2016-09-22 Annual General Meeting
2015-12-21 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2015-09-15 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-12Annual General Meeting
2012-09-06Annual General Meeting
DateTypeWhat it says
2026-09-09Shareholder meetingVoting results.
2026-09-09General UpdatesChairmans Speech at the 17th AGM of the Company held today i.e. Wednesday, 9th September 2026
2026-09-09Shareholder meetingProceedings of Annual General Meeting held on September 09, 2026
2026-08-18General UpdatesGeneral Updates on Issuance of Letter to Shareholders under Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015
2026-08-18Shareholder meetingNotice of Annual General Meeting to be held on September 09, 2026
2026-08-01Press ReleaseA press release dated August 01, 2026, titled "Indian Terrain Fashions Limited announces Q1 FY27 Results".
2026-08-01Investor PresentationInvestor Presentation
2026-08-01Investor PresentationInvestor Presentation
2026-08-01Board meeting outcomeIndian Terrain Fashions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-05-29Director changeChange in Director(s) of the company.
2026-05-29Shareholder meetingOutcome of Postal Ballot
2026-05-29Shareholder meetingProceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together ...
2026-05-16Press ReleaseA press release dated May 16, 2026, titled "Indian Terrain Fashions Limited announces Q4 FY 2025-26 Results".
2026-05-16Investor PresentationInvestor Presentation
2026-05-16Board meeting outcomeOutcome of Board Meeting held on May 16, 2026.
2026-05-16Board meeting outcomeIndian Terrain Fashions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-27Shareholder meetingNotice of Postal Ballot
2026-04-21Board meeting outcomeOutcome of Board Meeting held on April 21, 2026.
2026-04-21Board meeting outcomeOutcome of Board Meeting held on April 21, 2026.
2026-04-09Disclosure under SEBI TakeovVenkatesh Rajagopal, Rama Rajagopal, Vidyuth Venkatesh Rajagopal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Secu...
2026-03-16Credit RatingCredit Rating
2026-02-16Investor PresentationInvestor Presentation
2026-02-05Press ReleaseA press release dated February 05, 2026, titled "Indian Terrain Fashions Limited has informed the Exchange regarding a press release dated February 5,...
2026-02-05Investor PresentationInvestor Presentation
2026-02-05Board meeting outcomeBoard meeting held on February 05, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Indian Terrain Fashions Ltd?

Indian Terrain Fashions Ltd (INDTERRAIN) has a market capitalisation of Rs 147 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Terrain Fashions Ltd?

Indian Terrain Fashions Ltd trades at a P/E of 179 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Terrain Fashions Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Terrain Fashions Ltd sales was Rs 82 Cr (+18.8% vs Jun 2025) with a net loss of Rs 1 Cr.

What is the 52-week high and low of Indian Terrain Fashions Ltd?

The 52-week high is Rs 42.62 and the 52-week low is Rs 24.56.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03