NSE: THOMASCOTT · BSE: 533941 · ISIN INE480M01011
Thomas Scott (India) Limited stock analysis
Thomas Scott (India) Limited ranks #1063 in the TickerSutra evidence-ranked universe with a score of 57/100 and 95% data confidence. The latest captured fundamentals show ROCE of 20.5%, quarterly sales growth of 22.1% and quarterly profit growth of 57.6%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 20.5%
- 60.2% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹32cr | ₹1cr | ₹1cr | 4.0% |
| 2023 | ₹62cr | ₹5cr | ₹3cr | 8.0% |
| 2024 | ₹90cr | ₹13cr | ₹10cr | 14.0% |
| 2025 | ₹144cr | ₹19cr | ₹13cr | 13.0% |
| 2026 | ₹255cr | ₹33cr | ₹19cr | 13.0% |
| TTM | ₹267cr | ₹36cr | ₹21cr | 13.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Thomas Scott (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2026
RoutineThomas Scott (India) Ltd - 533941 - Shareholder Meeting / Postal Ballot-Outcome of AGMBSE · 29 Sept 2026Enclosed Herewith the proceeding of 16th Annual General Meeting of Thomas Scott (India) Limited held on September 29, 2026, through Video Conferencing (VC) and Other Audio Visual Means (OAVM).
RoutineAgreements (Sub-para 5-Para B)NSE · 28 Sept 2026 · Structured filingThomas Scott (India) Limited has informed the Exchange about Agreements (Sub-para 5-Para B)
Thomas Scott (India) Limited has informed the Exchange about Agreements (Sub-para 5-Para B)
Open original XBRL sourceThomas Scott (India) Limited has informed the Exchange about Agreements
RoutineThomas Scott (India) Ltd - 533941 - Thomas Scott (India) Limited Entered Into Licensing Agreement And Global Designated Supplier Agreement With F21 IPCO LLC For Forever 21 Brand In India.BSE · 28 Sept 2026Enclosed herewith Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015.
MANAGEMENT COMMENTARY
Signals from filed documents
According to the Ministry of Textiles, Government of India, India's exports of textiles and apparel, including handicrafts, increased from ₹3,19,573 crore in FY 2024–25 to ₹3,25,339 crore in FY 2025–26, registering a growth of approximately 1.8%. Export growth was recorded across more than 100 international destinations during the year. Over the longer term, India's textile and apparel exports, including handicrafts,
So, my view is that in the future quarter, we may find the right opportunity to offset or better the growth. Ishant Modi: So, we are confident to maintain our previous revenue run rate in this particular ye ar also, right? Vedant Bang: Yes, our targets remain the same.
Vedant Bang: So, if you see there is a margin improvement at EBITDA level from in this year over last year. We would like to continue giving such margin improvements throughout the year. However, there is a top-line growth that we have seek to achieve.
MEN'S WEAR AND READY-MADE GARMENT SEGMENT The men's wear market continues to undergo structural changes driven by evolving lifestyles, increasing brand awareness and changing purchasing behaviour. Key trends influencing the segment include: Increasing preference for branded and quality apparel; Growing demand for comfortable, fashionable and functional clothing; Continued shift towards casual and smart-casual w
Expansion of Technical Textiles: The technical textiles segment, including products like geotextiles, agro-textiles, medical textiles, and protective clothing, is growing rapidly. This sector is expected to see increased demand in both domestic and international markets due to its diverse applications. Indian manufacturers can leverage government incentives under schemes like the National Technical Textiles Mission t
The Company's product portfolio may comprise shirts, trousers, T -shirts, jackets, ethnic wear and ANNUAL REPORT 2025-26 other men's apparel, depending upon the Company's specific product offerings. The Company remains focused on delivering products that meet evolving customer requirements with emphasis on quality, design, competitive pricing, timely delivery and operational efficiency. The Key Advantages of the Indi
It is worth noting that this quarter's headline growth reflects this deliberate trade -off. We chose to protect price realizations and margin quality. We view this as the right choice for long- term brand equity and profitability.
It means that the price elasticity of demand is not there, right? Which means further investment in decreasing price is counterintuitive and would result in lower margins, all right. In which case, we do not then decrease the prices.
Industry Risk : The demand for textiles is perennial and major fluctuations occur largely due to changes in overall economic growth and manufacturing competitiveness. However, the business is cyclical on the supply side considering the quantum of capital in vestment involved in capacity expansion. This makes it necessary for the Company to incur large capital expenditure at the right time.
Compliance with stringent environmental standards may require significant investments in new technologies and processes. Mitigation: Proactively adopting sustainable practices and technologies, investing in waste management and pollution control, and staying ahead of regulatory changes can help companies mitigate these challenges. Embracing sustainability can also open up new market opportunities.
During the financial year one (1) meeting of Corporate Social Responsibility Committee has been held. REMUNERATION OF DIRECTORS Payment to Non – Executive Directors The Independent Directors are not paid any remuneration other than sitting fees for attending the meetings of the Board and Committee meetings as approved by the Board. Details of remuneration paid to the Non-Executive Independent Directors for the year e
The payment of remuneration was approved by the Nomination and Remuneration Committee based on the industry standards and the responsibilities handled by the Managing Director of the Company. The information to be given pursuant to the requirement of sub clause (iv) of the section II of the part II of the Schedule V of the Companies Act, 2013 are as under – I General Information 1 Nature of Industry Manufacturing and
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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