IND Terrain Fashions Ltd
NSE: INDTERRAIN · Garments & Apparels · sector
₹28.64NSE close 2026-10-26
Key numbers
Market cap₹145 cr
Price₹28.64
52w high / low₹43 / ₹25
P/E318.2xSector median 15.0x
P/B0.8xSector median 1.5x
Book value₹36.3
Dividend yield–Sector median 0.84%
ROE0.2%Sector median 10.6%
ROCE10.5%Sector median 9.9%
OPM9.4%Sector median 8.6%
Debt / equity0.45xSector median 0.33x
EV/EBITDA5.1xSector median 9.3x
Interest cover1.5x
Current ratio1.77x
Sales growth 3y-9.0%Sector median +6.2%
Profit growth 3y–Sector median +11.5%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹42 cr vs borrowings ₹84 cr (FY26): borrowings are higher by ₹42 cr.
- Operating profit covered interest 1.5x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY23).
- Net loss in 7 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 971% of net profit in the last 12 months.
- Debtor days went from 222 (FY24) to 239 (FY26).
- No dividend in the last 5 financial years.
- Price ₹28.64 on 2026-10-26: -32.8% from the 52-week high, +16.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹58.57 · low ₹27.53
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86 | 97 | 90 | 69 | 101 | 101 | 107 | 82 |
| EBITDA | -4 | 5 | 3 | 1 | 9 | 11 | 11 | 6 |
| OPM % | -4.4% | 5.2% | 3.8% | 1.5% | 8.4% | 11.2% | 10.1% | 7.4% |
| Other income | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Net profit | -22 | -3 | -2 | -6 | -0 | 3 | -1 | -1 |
| EPS (₹) | 4.92 | -0.75 | -0.48 | -1.22 | -0.08 | 0.51 | -0.18 | -0.16 |
| Revenue YoY | +17.6% | +4.7% | +19.0% | +18.8% | ||||
| Profit YoY | – | – | – | – |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 336 | 501 | 456 | 341 | 378 | 391 |
| EBITDA | 27 | 50 | 30 | -7 | 32 | 37 |
| Net profit | -13 | 7 | -15 | -43 | -5 | 0 |
| EPS (₹) | -0.54 | 1.62 | -3.37 | -9.48 | -0.98 | 0.09 |
| Revenue growth | +48.9% | -8.9% | -25.3% | +10.9% | +14.6% | |
| Profit growth | – | -310.6% | – | – | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -9.0% | +12.1% | +14.5% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -26.0% (2y) | -20.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 212 | 197 | 183 | 184 |
| Borrowings | – | 52 | 94 | 86 | 84 |
| Cash & equivalents | – | 39 | 38 | 44 | 42 |
| Total assets | – | 546 | 522 | 442 | 439 |
| Fixed assets | – | 73 | 62 | 43 | 29 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 258 | 277 | 237 | 248 |
| Inventory | – | 127 | 97 | 71 | 75 |
| Payables | – | 164 | 134 | 82 | 74 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 22 | 6 | -14 | 19 | 19 |
| Cash from investing | 3 | 18 | 11 | 8 | -7 |
| Cash from financing | -23 | -33 | 3 | -15 | -25 |
| Capex | 0 | 0 | 1 | 3 | 2 |
| Free cash flow | 22 | 6 | -15 | 16 | 18 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.4% | -7.6% | -23.3% | -2.7% |
| ROCE % | – | 12.3% | 4.0% | -7.5% | 8.1% |
| Debtor days | – | 188 | 222 | 254 | 239 |
| Inventory days | – | 151 | 123 | 123 | 126 |
| Payable days | – | 195 | 169 | 143 | 124 |
| Cash conversion cycle (days) | – | 144 | 176 | 234 | 241 |
| Working capital days | – | 120 | 126 | 165 | 162 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 31.55% |
| FIIs | 5.07% |
| DIIs | 0.42% |
| Public (non-institutions) | 62.96% |
| Quarter | Mar 2025 | May 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 34.97% | 31.55% | 31.55% | 31.55% | 31.55% | 31.55% | 31.55% | 31.55% |
| Promoter group | % |
|---|---|
| Rama Rajagopal | 16.51% |
| Venkatesh Rajagopal | 14.77% |
| Vidyuth Rajagopal | 0.27% |
| Late Rajagopalan K.A. | 0.00% |
| Late Anjali Rajagopal | 0.00% |
| Public holders above 1% | % |
|---|---|
| A R Foundations Private Limited | 8.11% |
| Manorama Gardner | 4.30% |
| Ares Diversified | 4.11% |
| Polaris Banyan Holding Private Limited | 2.74% |
| Charath Ram Narsimhan | 2.68% |
| Sankaranarayanan Sangameswaran | 2.17% |
| Card Systems Private Limited | 1.44% |
| Biztropolis Tradelinks Private Limited | 1.16% |
| Manan Mayur Shah | 1.15% |
| Amitabh Suri | 1.09% |
20,744 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| INDTERRAIN | ₹145 cr | 318.2x | 0.8x | 0.2% | 10.5% | 9.4% | -9.0% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-09 | Other | Annual General Meeting |
| 2023-09-11 | Other | Annual General Meeting |
| 2022-09-01 | Other | Annual General Meeting |
| 2021-09-08 | Other | Annual General Meeting |
| 2020-09-11 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-12 | Other | Annual General Meeting |
| 2017-09-14 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-12-21 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2015-09-15 | Other | Annual General Meeting |
| 2014-09-18 | Other | Annual General Meeting |
| 2013-09-12 | Other | Annual General Meeting |
| 2012-09-06 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | INDTERRAIN |
| BSE code | 533329 |
| ISIN | INE611L01021 |
| Face value | ₹2.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.