IPO Plus

₹139

▲ +9.4 +7.25%

27 Oct 2026

BSE Listed

True Colors Limited (544531)

Volume: 6,000Avg Vol 1W: 13,440Avg Vol 1M: 16,58252W Range:₹125₹271.95
BSE truecolorsgroup.com AI Report
Key Ratios
Checked 3h ago
Market Cap—
Current Price₹139
Previous Close₹129.6
High / Low (52w)₹271.95 / ₹125
Volume6,000
Avg Vol (1W)13,440
Avg Vol (1M)16,582
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 / Equity0.39
50 DMA₹147.91
200 DMA₹161.87
Day change+7.25%
Price Chart
₹139▼ 24.50% · 1Y
₹268₹1277.0L
2025-10-27
2026-10-27

20-day avg volume: 17K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 29% YoY.
  • Net profit is growing year over year.
Profit & Loss (Annual)
MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue₹9 Cr₹81 Cr₹161 Cr₹234 Cr₹302 Cr
EBITDA₹1 Cr₹6 Cr₹14 Cr₹38 Cr₹42 Cr
Net Profit₹0 Cr₹4 Cr₹8 Cr₹24 Cr₹31 Cr
EPS32.95231.234.9413.5514.28
Balance Sheet
MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets₹11 Cr₹46 Cr₹106 Cr₹155 Cr₹287 Cr
Total Liabilities₹10 Cr₹39 Cr₹91 Cr₹99 Cr₹100 Cr
Equity₹1 Cr₹6 Cr₹15 Cr₹55 Cr₹187 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 1.41% Public 29.71%
Efficiency & Working Capital
ROCE—
Interest Coverage7.1
Dividend Payout—
Debtor Days135 d
Inventory Days52 d
Payable Days53 d
Cash Conversion Cycle133 d
Working Capital Days187 d
Shareholding Details

As of 2026-09-30

Promoter68.9%
FII1.4%
DII0%
Institutions1.4%
Public29.7%
Promoter Pledge0%
No. of Shareholders2,119
Shareholding Pattern

Quarterly — figures in %. Latest 6 quarters.

PeriodApr 2025Jun 2025Jul 2025Sept 2025Mar 2026Sept 2026
Promoters95%94.9%95%68.9%68.9%68.9%
FIIs0%0%0%2.3%0.8%1.4%
DIIs0%3.1%0%10.8%8.7%0%
Public5%2%5%18%21.7%29.7%
Promoter Pledge0%0%0%0%0%0%
No. of Shareholders2628262,4861,5912,119
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202603————
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
Finavenue Capital Trust - Finavenue Growth FundPublic Shareholding2%4,99,422
Mukul Mahavir AgrawalPublic Shareholding1.6%3,99,600
Niveshaay Hedgehogs FundPublic Shareholding1.5%3,70,370
Shalu AggarwalPublic Shareholding1.5%3,60,000
Basava Sankararao KolliPublic Shareholding1.2%2,89,800
Ang Corporate Services Private LimitedPublic Shareholding1%2,47,200
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
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
2026₹10252525
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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