₹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:₹125₹271.95
Key Ratios
Checked 11h agoMarket 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
2025-09-302026-07-17
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)
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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 |
| EPS | 32.95 | 231.23 | 4.94 | 13.77 |
Balance Sheet
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 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.
| Period | Apr 2025 | Jun 2025 | Jul 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoters | 95% | 94.9% | 95% | 68.9% | 68.9% |
| FIIs | 0% | 0% | 0% | 2.3% | 0.8% |
| DIIs | 0% | 3.1% | 0% | 10.8% | 8.7% |
| Public | 5% | 2% | 5% | 18% | 21.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 26 | 28 | 26 | 2,486 | 1,591 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Satishkumar Jayantibhai Panchani | Shareholding of Promoter and Promoter Group | 17.2% | 42,32,299 |
| Sagarkumar Bipinbhai Mulani | Shareholding of Promoter and Promoter Group | 17.2% | 42,28,499 |
| Ashishkumar Durlbhbhai Mulani | Shareholding of Promoter and Promoter Group | 17.2% | 42,28,499 |
| Sanjay Raghubhai Desai | Shareholding of Promoter and Promoter Group | 17.2% | 42,28,499 |
| Niveshaay Hedgehogs Fund | Public Shareholding | 3.6% | 8,81,570 |
| Finavenue Capital Trust - Finavenue Growth Fund | Public Shareholding | 2% | 4,93,422 |
| Mukul Mahavir Agrawal | Public Shareholding | 1.6% | 3,99,600 |
| Shalu Aggarwal | Public Shareholding | 1.5% | 3,60,000 |
| Paresh Raghubhai Desai | Shareholding of Promoter and Promoter Group | 0.2% | 51,852 |
| Dakshaben Ashishkumar Mulani | Shareholding of Promoter and Promoter Group | 0% | 3,800 |
| Bhavikaben Sagarkumar Mulani | Shareholding of Promoter and Promoter Group | 0% | 3,800 |
| Komal Sanjay Desai | Shareholding of Promoter and Promoter Group | 0% | 3,800 |
| Hetalben Lalabhai Desai | Shareholding of Promoter and Promoter Group | 0% | 3,000 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Ashishkumar Durlbhbhai Mulani | 0 | 0% | 2026-03-31 |
| Sanjay Raghubhai Desai | 0 | 0% | 2026-03-31 |
| Paresh Raghubhai Desai | 0 | 0% | 2026-03-31 |
| Satishkumar Jayantibhai Panchani | 0 | 0% | 2026-03-31 |
| Sagarkumar Bipinbhai Mulani | 0 | 0% | 2026-03-31 |
| Dakshaben Ashishkumar Mulani | 0 | 0% | 2026-03-31 |
| Bhavikaben Sagarkumar Mulani | 0 | 0% | 2026-03-31 |
| Komal Sanjay Desai | 0 | 0% | 2026-03-31 |
| Hetalben Lalabhai Desai | 0 | 0% | 2026-03-31 |
| Finavenue Capital Trust - Finavenue Growth Fund | 0 | 0% | 2026-03-31 |
| Niveshaay Hedgehogs Fund | 0 | 0% | 2026-03-31 |
| Shalu Aggarwal | 0 | 0% | 2026-03-31 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Ashishkumar Durlbhbhai Mulani | Chairman/ED & CEO | 2025 |
| Sanjay Raghubhai Desai | ED / MD / Promoter | 2025 |
| Sagarkumar Bipinbhai Mulani | Executive Director & CFO | 2025 |
| Satishkumar Jayantibhai Panchani | Executive Director & CEO | 2025 |
| Bhavesh Vinod Singapuri | Independent Non Exe. Director | 2025 |
| Charmi Soni | Independent Non Exe. Director | 2025 |
| Nanty Nalinbhai Shah | Independent Non Exe. Director | 2025 |
| Javnika N Gandharva | Company Sec. & Compli. Officer | 2025 |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| Domestic | ₹233 Cr | 99.6% |
| Export | ₹1 Cr | 0.4% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 25 | 19 | 19 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 21 | 26 | 48 |
| 2025 | 0 | 0 | 0 | 20 | 9 | 30 |
| 2025 | 0 | 0 | 0 | 1 | 15 | 16 |
Company Information
Incorporated2021
ChairmanAshishkumar Durlbhbhai Mulani
AuditorLakhankiya & Dosi LLP
Investor Email[email protected]
📍 P-8 GR Flr-3rd Flr Somakankaji, Wadi Patel Line Khatodara, Surat, Gujarat, 395002
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