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Swing Capital

Indian Terrain Fashions Ltd

NSE: INDTERRAIN BSE: 533329Textile

Incorporated in 2000, Indian Terrain Fashions Ltd is an apparel retailer specializing in the men’s smart casual category[1]

₹32
52W: ₹24.4 — ₹45
PE 0 · Book ₹36.3 · -12% vs book
Market Cap₹162 Cr
Stock P/E—Price to Earnings
ROCE7.63%Return on Capital
ROE3.25%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Stock is trading at 0.90 times its book value

Weaknesses

  • −Company has low interest coverage ratio.
  • −Promoter holding is low: 31.6%
  • −Company has a low return on equity of -11.2% over last 3 years.
  • −Company has high debtors of 239 days.
  • −Company's cost of borrowing seems high

Shareholding Pattern

Promoters31.55%
FIIs5.07%
DIIs0.04%
Public63.35%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters34.24%34.24%34.96%▲0.734.97%▲0.031.55%▼3.431.55%31.55%31.55%
FIIs6%5.99%▼0.05.81%▼0.25.67%▼0.15.13%▼0.55.12%▼0.05.07%▼0.05.07%
DIIs0%0%0%0.06%▲0.10.05%▼0.00.05%0.04%▼0.00.04%
Public59.77%59.77%59.21%▼0.659.3%▲0.163.27%▲4.063.28%▲0.063.35%▲0.163.35%

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales109.21114.1668.3685.8396.8889.5368.78100.96101.4106.53
Expenses104.65104.9479.8489.6191.8786.1567.7792.4589.4395.73
Operating Profit4.569.22-11.48-3.785.013.381.018.5111.9710.8
OPM %4.18%8.08%-16.79%-4.4%5.17%3.78%1.47%8.43%11.8%10.14%
Net Profit-3.920.03-15.27-21.78-3.44-2.17-6.19-0.382.56-0.9
EPS ₹-0.890.01-3.45-4.92-0.75-0.47-1.22-0.070.51-0.18

AI Insights

Revenue Trend

Mar 2026 revenue at ₹378Cr, up 10.9% YoY. OPM at 9%.

Debt Position

Borrowings at ₹102Cr. Debt-to-equity ratio: 0.59x. Moderate leverage.

Institutional Flow

DIIs: 0.04% (+0.04pp change). FIIs: 5.07% (-1.00pp change). Promoters hold 31.55%.

Margin & Efficiency

ROCE declining from 24% (Mar 2015) to 8% (Mar 2026). Working capital days: 130.

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