Debut Plus

147.95

-1.65 -1.10%

18 Jul 2026

BSE Listed

True Colors Limited (544531)

Volume: 33,600Avg Vol 1W: 51,480Avg Vol 1M: 69,81852W Range:125271.95
Market Cap
Current Price₹147.95
Previous Close₹149.6
High / Low (52w)₹271.95 / ₹125
Volume33,600
Avg Vol (1W)51,480
Avg Vol (1M)69,818
Stock P/E
Book Value
Dividend Yield
ROE
ROA
Revenue (TTM)
Revenue Growth
Profit Margin
Total Debt
Shares Outstanding
Face Value
EPS (TTM)
P/B
Debt / Equity1.49
50 DMA₹160.81
200 DMA
Day change-1.10%
Price Chart
147.95 19.18% · 1Y
26812724.2L
2025-09-30
2026-07-17

20-day avg volume: 69K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 45% YoY.
  • Net profit is growing year over year.
Profit & Loss (Annual)
MetricMar 2022Mar 2023Mar 2024Mar 2025
Revenue₹9 Cr₹81 Cr₹161 Cr₹234 Cr
EBITDA₹1 Cr₹6 Cr₹14 Cr₹38 Cr
Net Profit₹0 Cr₹4 Cr₹8 Cr₹25 Cr
EPS32.95231.234.9413.77
Balance Sheet
MetricMar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹11 Cr₹46 Cr₹106 Cr₹155 Cr
Total Liabilities₹10 Cr₹39 Cr₹91 Cr₹100 Cr
Equity₹1 Cr₹6 Cr₹15 Cr₹55 Cr
Total Debt
Cash Flow
MetricMar 2022Mar 2023Mar 2024Mar 2025
Operating₹0 Cr₹-20 Cr₹12 Cr₹12 Cr
Investing₹0 Cr₹-1 Cr₹-34 Cr₹-8 Cr
Financing₹0 Cr₹22 Cr₹29 Cr₹3 Cr
Free Cash Flow₹0 Cr₹-20 Cr₹12 Cr₹12 Cr
Shareholding
Promoter 68.89% Institutions 9.43% Public 21.68%
Efficiency & Working Capital
ROCE
Interest Coverage7.5
Dividend Payout
Debtor Days88 d
Inventory Days56 d
Payable Days58 d
Cash Conversion Cycle87 d
Working Capital Days145 d
Shareholding Details

As of 2026-03-31

Promoter68.9%
FII0.8%
DII8.7%
Institutions9.4%
Public21.7%
Promoter Pledge0%
No. of Shareholders1,591
Shareholding Pattern

Quarterly — figures in %. Latest 5 quarters.

PeriodApr 2025Jun 2025Jul 2025Sept 2025Mar 2026
Promoters95%94.9%95%68.9%68.9%
FIIs0%0%0%2.3%0.8%
DIIs0%3.1%0%10.8%8.7%
Public5%2%5%18%21.7%
Promoter Pledge0%0%0%0%0%
No. of Shareholders2628262,4861,591
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503
Major Shareholders (>1%)
NameCategoryStakeShares
Satishkumar Jayantibhai PanchaniShareholding of Promoter and Promoter Group17.2%42,32,299
Sagarkumar Bipinbhai MulaniShareholding of Promoter and Promoter Group17.2%42,28,499
Ashishkumar Durlbhbhai MulaniShareholding of Promoter and Promoter Group17.2%42,28,499
Sanjay Raghubhai DesaiShareholding of Promoter and Promoter Group17.2%42,28,499
Niveshaay Hedgehogs FundPublic Shareholding3.6%8,81,570
Finavenue Capital Trust - Finavenue Growth FundPublic Shareholding2%4,93,422
Mukul Mahavir AgrawalPublic Shareholding1.6%3,99,600
Shalu AggarwalPublic Shareholding1.5%3,60,000
Paresh Raghubhai DesaiShareholding of Promoter and Promoter Group0.2%51,852
Dakshaben Ashishkumar MulaniShareholding of Promoter and Promoter Group0%3,800
Bhavikaben Sagarkumar MulaniShareholding of Promoter and Promoter Group0%3,800
Komal Sanjay DesaiShareholding of Promoter and Promoter Group0%3,800
Hetalben Lalabhai DesaiShareholding of Promoter and Promoter Group0%3,000
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ashishkumar Durlbhbhai Mulani00%2026-03-31
Sanjay Raghubhai Desai00%2026-03-31
Paresh Raghubhai Desai00%2026-03-31
Satishkumar Jayantibhai Panchani00%2026-03-31
Sagarkumar Bipinbhai Mulani00%2026-03-31
Dakshaben Ashishkumar Mulani00%2026-03-31
Bhavikaben Sagarkumar Mulani00%2026-03-31
Komal Sanjay Desai00%2026-03-31
Hetalben Lalabhai Desai00%2026-03-31
Finavenue Capital Trust - Finavenue Growth Fund00%2026-03-31
Niveshaay Hedgehogs Fund00%2026-03-31
Shalu Aggarwal00%2026-03-31
Board of Directors
NameDesignationYear
Ashishkumar Durlbhbhai MulaniChairman/ED & CEO2025
Sanjay Raghubhai DesaiED / MD / Promoter2025
Sagarkumar Bipinbhai MulaniExecutive Director & CFO2025
Satishkumar Jayantibhai PanchaniExecutive Director & CEO2025
Bhavesh Vinod SingapuriIndependent Non Exe. Director2025
Charmi SoniIndependent Non Exe. Director2025
Nanty Nalinbhai ShahIndependent Non Exe. Director2025
Javnika N GandharvaCompany Sec. & Compli. Officer2025
Segments — Geography
RegionRevenueShare
Domestic₹233 Cr99.6%
Export₹1 Cr0.4%
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10251919
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025000212648
202500020930
202500011516
Company Information
Incorporated2021
ChairmanAshishkumar Durlbhbhai Mulani
AuditorLakhankiya & Dosi LLP
Investor Email[email protected]
🌐 truecolorsgroup.com

📍 P-8 GR Flr-3rd Flr Somakankaji, Wadi Patel Line Khatodara, Surat, Gujarat, 395002

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