True Colors
- Market cap
- ₹ 325 Cr.
- P/E
- 10.4x
- P/B
- 1.86x
- 52-week range
- 125 – 271.95
- ROE
- 26%
- ROCE
- 26%
- Dividend yield
- 0%
- Debt / equity
- 0.25
- Sector
- Industrial Manufacturing
- Industry
- Industrial Products
- Listed on
- BSE SME
About
True Colors Limited is an India-based company. The Company is engaged in the import and distribution of digital textile printers and manufacturing and supplying of products related to the digital textile printing industry. Its business model includes manufacturing and trading that covers three key pillars in the digital textile printing industry, such as Machinery & Ink Supply (Import & Distribution), Sublimation Paper Manufacturing & Supply and Digital Textile Printing. Its comprehensive product portfolio encompasses various digital textile printers, such as direct belt inkjet printers, double-side inkjet printers, sublimation inkjet printers, heat transfer machines, pigment printers, and direct to film/fabric (DTF) printers. It imports and distributes high-quality wide-format digital textile inkjet printers from globally recognized brands, such as KONICA MINOLTA, HOPETECH, ITTEN, PENGDA and SKYJET. Its ink portfolio includes sublimation inks, reactive inks and disperse inks.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Industrial Products: 186 companies →True Colors against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)10.4 against a typical 29.9: cheaper than most peers (1st = cheapest).17th of 184
- Share price, 3 months−18.1% against a typical −3.4%.129th of 164
- Size₹ 325.4 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).86th of 176
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 93 | 141 | 151 | 150 |
| Expenses | 86 | 108 | 128 | 126 |
| Operating Profit | 7 | 33 | 23 | 24 |
| OPM % | 7% | 23% | 15% | 16% |
| Other Income | 0 | 0 | 1 | 0 |
| Interest | 2 | 3 | 2 | 3 |
| Depreciation | 2 | 2 | 2 | 3 |
| Profit before tax | 3 | 29 | 19 | 18 |
| Tax % | 24% | 26% | 21% | 10% |
| Net Profit | 3 | 22 | 15 | 16 |
| EPS in Rs | 170.67 | 11.43 | 5.97 | 6.67 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 55%
- TTM
- 29%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 100%
- TTM
- 26%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 40%
- 3 Years
- 39%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| True Colors | ₹ 131.00 | ₹ 325 Cr. | 10.4x | 1.9x | 26% | — |
| Bharat Heavy Electricals | ₹ 387.00 | ₹ 1,34,756 Cr. | 92.2x | 5.6x | — | 6.8% |
| Suzlon Energy | ₹ 37.40 | ₹ 51,409 Cr. | 17.1x | 5.6x | — | 18% |
| Thermax | ₹ 3,095.60 | ₹ 36,999 Cr. | 52.9x | 7.2x | — | 5.5% |
| AIA Engineering | ₹ 3,588.70 | ₹ 33,490 Cr. | 28.1x | 4.5x | — | 27.8% |
| Voltas | ₹ 950.00 | ₹ 31,434 Cr. | 88.3x | 5.5x | — | 3.9% |
Management
- Ashishkumar Durlbhbhai Mulani
- Executive Chairman of the Board
- Satishkumar Jayantibhai Panchani
- Chief Executive Officer, Executive Director
- Sagarkumar Bipinbhai Mulani
- Chief Financial Officer, Executive Director
- Gandharva Narendrakumar Javanika
- Company Secretary, Compliance Officer
- Sanjay Raghubhai Desai
- Managing Director, Executive Director
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