True Colors share price, P/E, ROE & financials

On 6 Nov 2026, True Colors was priced at ₹145.30, or 10.2× trailing earnings, against an industry P/E of 47.3×, and the shares are 47% below their 52-week high. It earns ROCE of 21% and ROE of 26%, and sales and net profit grew 55% and 100% a year over 3 years. Debt is 0.25× equity. It is listed on an SME platform with a market cap of ₹358 Cr, ranked 5th of 11 Industrial Distribution companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Mar 2026.How we calculate this

past year

Open: ₹144.05
Day high: ₹146.80
Day low: ₹144.05
Prev. close: ₹149.20
Volume: 12K

Health check

3 good · 1 fair · 2 to check

ReturnsBehind
−24.9% over a year, better than 0 of 7 peers.
Price tagCheaper
P/E 10.2 vs industry 47.3.
GrowthStrong
Sales +55.2%, profit +99.6% a year over 3 years.
ProfitabilityStrong
ROCE 21.3% vs peer median 9.0%.
Balance sheetFair
Debt 0.25× equity, interest covered 8.1×, Piotroski 5 of 9.
Red flags2 to check
Quarterly profit down 24.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Industrial Distribution

10 listed peers. Screen the industry

Small cap

₹358 Cr, #5 of 11 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Mar 2026: sales ₹302 Cr · profit ₹31 Cr

Market cap: ₹358 Cr; Small cap
P/E: 10.2; Industry 47.3
Price to book: 1.91; Peers 2.08
Dividend yield: 0.00%
ROE: 25.7%; Peers 8.6%
ROCE: 21.3%; Peers 9.0%
Debt to equity: 0.25; Debt ₹46 Cr
EPS (TTM): ₹14.28
OPM (TTM): 14.2%; Net margin 10.3%
Sales growth: +6.9%; Latest quarter vs a year ago
Profit growth: −24.1%; Latest quarter vs a year ago
Price to sales: 1.19; EV/EBITDA 8.5

Strengths

Return on equity of 25.7%.
Return on capital employed of 21.3%.
P/E of 10.2 against an industry P/E of 47.3.

Risks to check

Quarterly profit down 24.1% on a year ago.
47% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About True Colors

True Colors Limited distributes digital textile inkjet printers in India. The company operates through three segments: Digital Textile Printing Services; Sublimation Paper Manufacturing; and Machinery and Ink Supply. It offers direct belt inkjet printers, double side inkjet printers, sublimation inkjet printers, heat transfer machine, pigment printers, direct to film, digital textile printing inks, such as sublimation, reactive, pigment, acid, DTF, UV,…

Headquarters: Surat
Employees: 963
Sector: Industrials
ISIN: INE1LDV01015
Website: truecolorsgroup.com

Price range

52 weeks

₹125.00₹271.95

Today

₹144.05₹146.80

Avg volume (3M): 22.5K
1-year return: minus 24.9%
From 52-week high: minus 46.6%

Peers · Industrial Distribution

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
SGMARTSG Mart	859.15	minus 4.33%	10,832	71.4	77.8	–	3.2%	0.03	1492.1%	plus 156.7%
YOGIYogi	156.32	plus 0.85%	703	54.8	29.3	18.5%	4.8%	1.78	–	minus 0.5%
DCMSILDCM Shriram International	65.22	minus 0.96%	567	–	32.5	−1.3%	7.0%	0.20	–	plus 26.1%
JKIPLJinkushal Industries	105.09	minus 1.44%	403	47.3	18.6	10.2%	−1.8%	0.50	15.6%	minus 10.1%
TRUECOLORSTrue Colors	145.30	minus 2.61%	358	10.2	8.4	21.3%	14.2%	0.25	55.2%	minus 24.9%
WHBRADYWH Brady & Company	484.85	plus 1.01%	124	20.1	13.5	7.8%	4.8%	0.08	6.0%	minus 5.3%
SAMRATFORGSamrat Forgings	245.00	0.00%	122	26.7	13.0	13.1%	8.4%	2.35	3.8%	minus 9.6%
CHANDNIMACHChandni Machines	10.42	plus 0.29%	73	–	–	3.7%	−737.7%	0.07	−20.5%	plus 14.4%
Median of 7 peers	–	0.00%	403	47.3	23.9	9.0%	4.8%	0.20	6.0%	−0.5%

Quarterly results

Consolidated, ₹ crore · latest reported Mar 26

SalesSelect a row below to chart it

₹ Cr	Mar 25	Mar 26
	141	150
	108	126
	32.7	24
	23.2%	16.0%
	0.4	−0
	2.6	2.9
	0.9	2.7
	−0.5	−0
	29.1	18.3
	25.5%	10.2%
	21.7	16.4
	11.43	7.54

Jun 25, Sep 25, Dec 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +55.2%
Profit CAGR 3Y: +99.6%
EPS CAGR 3Y: +107.9%
ROE: 25.7%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
80.7	160	233	302
–	+98.5%	+45.8%	+29.2%
75.1	146	192	254
5.6	14.1	41.3	47.5
6.9%	8.8%	17.7%	15.8%
0.1	0.5	−0.4	−0.5
0.2	1.8	4.4	5.2
0	1.2	3.4	4.7
–	−0.1	−0.6	−0.1
5.5	11.5	32.4	37
28.3%	28.1%	25.3%	15.7%
3.9	8.2	24.2	31.2
–	+110.5%	+193.8%	+28.6%
1.59	3.34	12.78	14.28

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.5	0.5	19	24.7
5.9	14.1	36.5	162
20	56.6	47.5	46
19.1	34.7	52	53.6
45.5	106	155	287
10.1	43.2	48.1	81.7
10	3.5	0.8	2.1
0.6	1.1	–	–
0.6	5	7.3	4.3
24.3	53	98.9	199
45.5	106	155	287

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−11.7	9.3	9.2	−35
−10.1	−33.6	−9.8	−64.6
21.7	28.8	2.9	93.6
−0	4.5	2.2	−6
−10.1	−39	−11.8	−38.4
−21.8	−29.7	−2.6	−73.4

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you