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Earnings Call

True Colors Earnings Call: Key Takeaways

True Colors reported FY26 revenue of ₹301.55cr (up 29.22%) and PAT of ₹31.16cr. Management is transitioning from ink distribution to in-house manufacturing to capture higher margins.

Highlights
Revenue growth29.22% YoY for FY26.
MarginsSustainable EBITDA range 14-16%; expected to improve with manufacturing.
Demand visibilityStrong; 900+ machine install base drives recurring consumable demand.
Management confidenceHigh; citing early stage of digital textile printing transition.

Growth

FY26 Revenue grew 29.2% YoY; EBITDA at ₹46.98cr (15.58% margin). Recurring revenue from consumables contributed 50.25%.

Outlook

Medium-term growth guidance of 20-22%; ₹110cr phased CAPEX for ink manufacturing (1,000 tons/month target).

Risks

Negative operating cash flow due to MSME payment cycles; high dependence on imported raw materials from China/Japan.

Source

Earnings Call filed with BSE, BSE: 544531. Summary written with AI assistance from the document.

Read the document ↗

True Colors Ltd: key numbers

Share price
₹145.80
Market cap
₹359.5 Cr
Revenue (annual)
₹301.6 Cr
Net profit (annual)
₹31.16 Cr
P/E (TTM)
11.5×Sector 53.6×
Promoter holding
68.89%
FII holding
0.77%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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