MarketFriction

Thomas Scott India Ltd

NSE THOMASCOTT · BSE 533941 · Garments & Apparels
₹300.20 +12.29%
NSE close2026-10-01
52 week range221.80 - 459.80
Market cap₹372 Cr.
P/E16.8
Price band 20% Delivery 30.3%

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
Sales22.9721.6525.7227.3440.6745.4047.6253.8956.9366.2577.8165.82
Expenses19.6720.0621.4324.4236.3639.8641.0147.7848.4658.4266.7857.26
Operating Profit3.301.594.292.924.315.546.616.118.477.8311.038.56
OPM %14.37%7.34%16.68%10.68%10.60%12.20%13.88%11.34%14.88%11.82%14.18%13.01%
Other Income0.001.680.190.000.520.190.020.010.00-0.10-1.03-0.04
Interest0.610.600.060.250.490.550.720.350.560.671.110.99
Depreciation0.240.260.430.530.760.690.230.560.610.690.690.65
Profit before tax2.452.413.992.143.584.495.685.217.306.378.206.88
Tax %-1.22%0.41%-0.25%34.58%20.67%33.18%26.76%33.40%35.34%21.98%26.71%20.93%
Net Profit2.482.404.001.392.833.004.163.474.724.976.025.44
EPS in Rs3.162.844.081.292.512.663.292.373.223.394.103.71
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales131720212221326290144200267
Expenses151620222321315778125166231
Operating Profit-21-0-1-111513193336
OPM %-14%3.8%-1.0%-2.5%-3.8%3.7%4.0%8%14%13%17%13%
Other Income0000000001-1-1
Interest000111012233
Depreciation000000011233
Profit before tax-21-1-1-2-01310162729
Tax %0%13%25%5%3%38%10%3%-0%19%29%
Net Profit-20-1-1-2-01310131921
EPS in Rs-5.221.42-2.18-3.60-5.69-0.321.144.5310.2310.1113.1614.42
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth31%56%48%42%
Compounded Profit Growth30%185%92%65%
Stock Price CAGR36%67%30%-25%
Return on Equity15%19%19%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333333366101315
Reserves5454311584193123
Borrowings00245640561346
Other Liabilities56691115283549122254
Total Liabilities14131620232636456869141238
Fixed Assets00001112481213
CWIP000000001004
Investments000000000000
Other Assets14131620222435436361129221
Total Assets14131620232636456869141238
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-2-20033-18-8-39-27
Cash from Investing Activity000-0-1-0-0-1-72-6-8
Cash from Financing Activity002210-312564534
Net Cash Flow-100-00-00300-0-0
Free Cash Flow-10-2-2-1-032-22-13-45-35
CFO/OP29%-1%-288%855%-57%-32%421%245%-394%-66%-202%-80%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8110517121822124236119415198146158
Inventory Days15717912410091119197352198172227249
Days Payable1151771671872092905766772196464130
Cash Conversion Cycle12210712713110371-17-131129206309276
Working Capital Days18118815512377423654109172232220
ROCE %-32%-23%8%-2%-5%-10%7%12%28%31%20%20%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters64.54%60.13%58.80%57.86%57.85%55.55%52.15%52.15%52.15%52.32%52.32%51.68%
FIIs1.06%0.70%0.32%0.30%0.58%0.84%0.00%0.02%0.00%0.05%0.04%0.12%
DIIs0.00%0.61%1.02%0.99%2.02%2.33%1.97%2.46%2.45%2.45%2.45%1.59%
Public34.40%38.56%39.86%40.86%39.54%41.27%45.88%45.37%45.40%45.18%45.19%46.61%
No. of Shareholders5,0075,1375,4826,0458,0768,0119,5029,68510,20110,19110,48610,946

Fundamentals

Market Cap₹ 372 Cr.
Current Price₹ 250
Stock P/E16.8
Book Value₹ 93.6
ROCE20.4 %
ROE16.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)42%
Compounded Profit Growth (TTM)65%
Standalone figures.
Valuation
Market capRs 440 Cr
Enterprise valueRs 487 Cr
P/E (TTM)20.82x
Price to book3.21x
Price to sales1.65x
EV / EBITDA14.01x
EV / EBIT15.17x
EV / sales1.82x
Earnings yield4.80%
P/E, 3-year average25.74x
P/B, 3-year average3.95x
P/E, 5-year average25.43x
P/B, 5-year average3.21x
Profitability
Operating margin (excl. other income)16.75%
Operating margin (incl. other income)16.18%
EBITDA margin13.01%
Pre-tax margin10.78%
Net profit margin7.93%
Net margin, latest quarter8.27%
ROE15.87%
ROCE19.63%
ROA10.20%
ROE, 3-year average21.01%
ROCE, 3-year average23.74%
ROA, 3-year average12.34%
ROE, 5-year average19.05%
ROCE, 5-year average22.17%
ROA, 5-year average8.73%
ROIC (approx.)12.47%
Tax rate28.69%
Other income / net worth-0.82%
Growth
Sales growth (latest year)38.50%
Profit growth (latest year)50.78%
Sales CAGR, 3 years47.58%
Sales CAGR, 5 years56.35%
Profit CAGR, 3 years88.53%
Sales growth QoQ-15.41%
Profit growth QoQ-9.63%
Sales growth YoY (latest quarter)22.14%
Profit growth YoY (latest quarter)56.77%
Per share
EPS (TTM)Rs 14.42
EPS (latest year)Rs 13.16
EPS (latest quarter)Rs 3.71
EPS, 3-year averageRs 11.16
EPS, 5-year averageRs 7.83
Book value per shareRs 93.59
Sales per shareRs 181.87
Cash flow per shareRs -18.24
Free cash flow per shareRs -23.86
Efficiency
Asset turnover0.84x
Fixed asset turnover15.37x
Inventory turnover1.49x
Inventory days244 days
Debtor days158 days
Debtors turnover2.32x
Creditor days130 days
Cash conversion cycle276 days
Working capital days220 days
Leverage
Total debtRs 46 Cr
Cash and bankRs 0 Cr
Net debtRs 46 Cr
Debt to equity0.34x
Net debt / EBITDA1.33x
Interest coverage9.63x
Owners' fund to total sources57.78%
Debt to assets19.55%
Cash flow
Cash from Operating Activity (latest year)Rs -27 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs 34 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -35 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years-1.93x
Statement figures
Net sales (TTM)Rs 267 Cr
Net sales (latest year)Rs 200 Cr
Sales (latest quarter)Rs 66 Cr
Operating profit excl. other income (latest year)Rs 33 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs -1 Cr
EBITDA (TTM)Rs 35 Cr
PBDT (TTM)Rs 31 Cr
Profit before tax (TTM)Rs 29 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 21 Cr
Net profit (latest year)Rs 19 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 3 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 128 Cr
Total expenditure (latest year)Rs 166 Cr
Total income (latest year)Rs 199 Cr
Share capitalRs 15 Cr
ReservesRs 123 Cr
Shareholders' fundsRs 137 Cr
Total assetsRs 238 Cr
Net blockRs 13 Cr
Capital work in progressRs 4 Cr
ReceivablesRs 86 Cr
InventoryRs 86 Cr
Other liabilitiesRs 54 Cr
Shares outstanding (crore)1.47
Ownership
Promoter holding51.68% (-0.47 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 20.8 is at the 5th percentile of its own 5.4-year range (median 47.7, low 18.5, high 170.8).
P/B 3.21 is at the 39th percentile (median 4.29).
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.
PeriodTHOMASCOTTNifty 50Difference
1 week+27.7%-2.8% +30.5 pts
1 month+14.7%-6.8% +21.5 pts
3 months-9.3%-7.6% -1.7 pts
6 months+27.5%+0.4% +27.1 pts
1 year-15.6%-9.9% -5.7 pts
2 years+18.3%-13.6% +31.8 pts
3 years+164.3%+14.2% +150.1 pts
5 years+1501.1%+27.9% +1473.2 pts

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -177% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 19% of total assets in 2026
explainShare dilution Share count up 16% in a year, 130% in three
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 ₹66 Cr +22.1% vs Jun 2025. Net profit ₹5 Cr +56.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-20Annual General Meeting
2022-09-23Annual General Meeting
2021-09-22 Annual General Meeting
2020-12-22 Annual General Meeting
2019-09-20 Annual General Meeting
2018-09-19 Annual General Meeting
2017-09-21 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-22 Annual General Meeting
2014-09-18Annual General Meeting
2013-09-12Annual General Meeting
2012-09-25Annual General Meeting
DateTypeWhat it says
2026-09-30Shareholder meetingVoting results.
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.
Close to Close price movement greater than 25perc in previous 15 DaysClose to Close price movement greater than 25perc in previous 5 trading days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03