INDTERRAINConsumer Discretionary

Indian Terrain Fashions Limited

Garments & Apparels · ISIN INE611L01021 · BSE 533329 · NSE EQ · FV ₹2
Last price
₹29
-4.59%today
What this company does

Indian Terrain Fashions Limited operates in Garments & Apparels, part of the Consumer Discretionary sector. It booked ₹82 cr of revenue in its latest quarter (Q1 FY27) and kept -1.0% of sales as profit.

has transferred, being when the products are delivered to the dealer / customer, and there is no unfulfilled obligation that could affect the dealer Indian Terrain Fashions Limited (CIN: L18101TN2009PLC073017) is a Company / customer’s acceptance of the product.
In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 301–421 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns26

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Growth & consistency19

Whether sales and profit have grown, and how steadily

Valuation78

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 19% vs last year
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -1.0% net margin
! Low -1.8% return on equity

What if I invest in INDTERRAIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹29 -4.59%
latest close · 2026-09-17
1-year return
-20.6%
52-wk low ₹2852-wk high ₹74
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio0.80Below book
Below bookModerateHigh
EV / EBITDA7.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-1.8%Loss
WeakFairStrong ▸15%
Return on capital8.4%Fair
WeakFairStrong
Net margin-1.0%Loss
ThinDecentStrong
EBITDA margin9.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.45Comfortable
LowModerateHigh ▸1
Interest cover1.0×Risky
RiskyOkayStrong ▸5×
Current ratio1.77Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹146 cr
Book value
₹36
EPS
₹-0.16
latest quarter
Net debt
₹84 cr
owes more than its cash
Enterprise value
₹230 cr
EBITDA
₹30 cr
annualised
EBIT
₹19 cr
annualised
Operating margin
5.7%
Return on assets
-0.8%
Earnings yield
P/S
0.45
Sales / share
₹64.6
Tax rate
692.9%
Face value
₹2
Shares
5.1 cr
Working capital
₹168 cr
Current assets
₹386 cr
Current liabilities
₹218 cr
Delivery %
82.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹9₹9, midpoint ₹9

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹82 cr
Other Income₹1 cr
Total Income₹83 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹43 cr
Inventory Change (±)₹5 cr
Employee Benefit Expense₹6 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹22 cr
Total Expenses₹83 cr
Profit before Tax₹14 L
Tax Expense₹97 L
Net Profit₹-83 L
Net margin on total income-1.0%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹48 cr56.9%
Employee benefit expense₹6 cr7.4%
Finance costs₹5 cr5.4%
Depreciation & amortisation₹3 cr3.5%
Other expenses₹22 cr25.8%
Tax expense₹97 L1.2%
Total income ₹83 cr

The company made a net loss of ₹83 L this quarter — income covered only 99 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue101 cr107 cr82 cr
Total income102 cr108 cr83 cr
Expenses98 cr104 cr83 cr
Profit before tax4 cr4 cr14 L
Tax2 cr4 cr97 L
Net profit (owners' share)3 cr-90 L-83 L
Net margin (owners' share, on revenue)2.5%-0.8%-1.0%
EPS (₹)0.51-0.18-0.16
YoY (latest quarter): total income +18.8% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹439 cr
Shareholder equity
₹184 cr
parent shareholders
Total debt
₹84 cr
Cash
₹5 L
Cash flow · H1 FY26
Operating
₹5 cr
Investing
₹-8 cr
Financing
₹-10 cr
Peer comparison
Garments & Apparels · by market value
CompanyPriceMarket capP/E
Page Industries Limited₹35,020₹39,061 cr50.6
Arvind Limited₹542₹14,198 cr66.4
Gokaldas Exports Limited₹728₹5,331 cr30.1
Pearl Global Industries Limited₹1,143₹5,279 cr13.1
Lux Industries Limited₹1,043₹3,263 cr35.4
Kewal Kiran Clothing Limited₹490₹3,036 cr20.4
S. P. Apparels Limited₹1,003₹2,522 cr25.4
Kitex Garments Limited₹121₹2,406 cr
SBC Exports Limited₹48₹2,298 cr60.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.2/-21 Dec 2015
Who owns it · 2026-06-30
No pledge
Promoter
31.6%
FII / Foreign
5.1%
DII / Domestic
0.3%
Retail / others
63.1%
Promoter stake down 2.7% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtVenkatesh Rajagopal · Promoters8.21 L · ₹5.8 cr3 Oct 24
BoughtCHARATH NARSIMHAN · Director6.07 L · ₹4.3 cr3 Oct 24
SoldVenkatesh Rajagopal · Promoters38.23 L · ₹26.6 cr22 Dec 23
Bulk / block deals
BoughtRIMPY MITTAL · NSE2.87 L @ ₹37.9120 Aug 25
SoldRIMPY MITTAL · NSE1.21 L @ ₹37.720 Aug 25
SoldZAKI ABBAS NASSER · NSE2.90 L @ ₹62.516 Aug 24
Stake changes
BoughtA R Foundations Private Limited→ 8.11% · 24.74 L27 May 25
BoughtA R Foundations Private Limited→ 3.57%31 Mar 25
BoughtMr. Venkatesh Rajagopal · promoter→ 16.89% · 8.21 L3 Oct 24
Promoter pledges
ReleasedState Bank of India38.23 L · 8.63% held22 Dec 23
ReleasedState Bank of India38.23 L · 8.63% held22 Dec 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 9 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March 2026, together with the reports of Board of Directors’ and Auditors’ thereon
Backed by 100% of shareholders other than promotersneeded 50%
14.54 L votes for, 224 against
2
To appoint a Director in the place of Mrs. Rama Rajagopal (DIN: 00003565), who retires by rotation and being eligible, offers herself for reappointment
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
14.45 L votes for, 8,439 against
3
Continuation of appointment of Mrs. Rama Rajagopal (DIN: 00003565) as Non-Executive and Non-Independent Director
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 75%
14.45 L votes for, 8,439 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 31.6% between them · as of 2026-06-30
Rama Rajagopal16.51%
Venkatesh Rajagopal14.77%
Vidyuth Rajagopal0.27%
Late Anjali Rajagopalno shares
Late Rajagopalan K.A.no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹25 cr raised in Mar 2025 by selling shares to selected investors

As of Jun 2025, the company says it has spent 100% of what it set aside.

Deployment towards Working Capital Requirements and General Corporate Purposes
100%
₹6 cr of ₹6 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.