INDTERRAIN

Indian Terrain Fashions Limited

Branded menswear retailer under the Indian Terrain label

Consumer Discretionary›Textiles›Textiles & Apparels›Garments & Apparels

indianterrain.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹29.27
Market cap
148 Cr
Stock P/E
329.5
P/B
0.81
ROE (FY26)
-2.7%
ROCE (FY26)
8.1%
Operating margin (FY26)
4.8%
Debt / equity (FY26)
0.45
OCF / EBITDA (FY26)
60.1%
OCF / EBITDA (3Y)
44.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Indian Terrain Fashions sells branded smart-casual menswear under the Indian Terrain label, with shirts, trousers, T-shirts and denim sold through exclusive stores, large-format outlets, wholesale partners and online.

Company snapshot

23rdBy market cap

Ranked among 31 companies in Garments & Apparels.

What we see

Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales140 Cr109 Cr114 Cr68 Cr86 Cr97 Cr90 Cr69 Cr101 Cr101 Cr107 Cr82 Cr
Operating expenses (approx.)130 Cr105 Cr105 Cr80 Cr90 Cr92 Cr86 Cr68 Cr92 Cr89 Cr96 Cr76 Cr
EBITDA11 Cr5 Cr9 Cr-11 Cr-4 Cr5 Cr3 Cr1 Cr9 Cr12 Cr11 Cr6 Cr
OPM %7.5%4.2%8.1%-16.8%-4.4%5.2%3.8%1.5%8.4%11.8%10.1%7.4%
Other income1 Cr1 Cr1 Cr1 Cr2 Cr0.92 Cr1 Cr1 Cr0.88 Cr0.78 Cr1 Cr1 Cr
Interest6 Cr6 Cr5 Cr6 Cr6 Cr5 Cr4 Cr4 Cr5 Cr5 Cr5 Cr5 Cr
Depreciation5 Cr5 Cr7 Cr5 Cr5 Cr4 Cr4 Cr4 Cr4 Cr3 Cr3 Cr3 Cr
Profit before tax0.78 Cr-5 Cr-2 Cr-21 Cr-12 Cr-4 Cr-4 Cr-6 Cr1 Cr4 Cr4 Cr0.14 Cr
Tax %1157.7%24.8%101.7%27.0%-75.5%10.6%43.5%-2.5%133.0%36.9%125.4%692.9%
Net profit-8 Cr-4 Cr0.03 Cr-15 Cr-22 Cr-3 Cr-2 Cr-6 Cr-0.38 Cr3 Cr-0.90 Cr-0.83 Cr
EPS (₹)₹-1.86₹-0.88₹0.01₹-3.45₹-4.92₹-0.75₹-0.48₹-1.22₹-0.08₹0.51₹-0.18₹-0.16

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales326 Cr401 Cr422 Cr370 Cr213 Cr336 Cr501 Cr456 Cr341 Cr378 CrSign in free for the trailing twelve months
Operating expenses (approx.)286 Cr354 Cr372 Cr342 Cr232 Cr309 Cr445 Cr426 Cr347 Cr345 CrSign in free for the trailing twelve months
EBITDA40 Cr48 Cr51 Cr28 Cr-19 Cr27 Cr56 Cr30 Cr-7 Cr32 CrSign in free for the trailing twelve months
OPM %12.3%11.9%12.0%7.6%-8.7%8.0%11.1%6.6%-2.0%8.5%Sign in free for the trailing twelve months
Other income5 Cr3 Cr3 Cr4 Cr11 Cr7 Cr6 Cr4 Cr5 Cr4 CrSign in free for the trailing twelve months
Interest9 Cr7 Cr8 Cr21 Cr24 Cr19 Cr22 Cr22 Cr21 Cr19 CrSign in free for the trailing twelve months
Depreciation3 Cr4 Cr6 Cr23 Cr23 Cr23 Cr23 Cr22 Cr18 Cr14 CrSign in free for the trailing twelve months
Profit before tax33 Cr39 Cr40 Cr-11 Cr-54 Cr-8 Cr11 Cr-10 Cr-41 Cr3 CrSign in free for the trailing twelve months
Tax %31.3%34.9%35.4%10.1%43.3%-71.5%32.5%-46.9%-4.0%281.2%Sign in free for the trailing twelve months
Net profit23 Cr25 Cr26 Cr-10 Cr-31 Cr-13 Cr7 Cr-15 Cr-43 Cr-5 CrSign in free for the trailing twelve months
EPS (₹)₹6.12₹6.71₹6.78₹-2.72₹-7.90₹-0.54₹1.62₹-3.37₹-9.48₹-0.98Sign in free for the trailing twelve months
Dividend payout %——————0.0%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital8 Cr8 Cr8 Cr8 Cr8 Cr8 Cr9 Cr9 Cr9 Cr10 Cr
Reserves171 Cr196 Cr222 Cr209 Cr190 Cr188 Cr203 Cr188 Cr174 Cr174 Cr
Borrowings35 Cr37 Cr33 Cr42 Cr44 Cr50 Cr52 Cr94 Cr86 Cr84 Cr
Other liabilities87 Cr136 Cr156 Cr245 Cr223 Cr226 Cr282 Cr232 Cr173 Cr171 Cr
Total liabilities301 Cr377 Cr418 Cr503 Cr466 Cr473 Cr546 Cr522 Cr442 Cr439 Cr
Fixed assets (net)34 Cr46 Cr50 Cr126 Cr110 Cr93 Cr73 Cr62 Cr43 Cr29 Cr
CWIP——————0 Cr0 Cr0 Cr0 Cr
Investments——30 Cr21 Cr22 Cr19 Cr17 Cr9 Cr0.31 Cr8 Cr
Loans & advances——2 Cr2 Cr2 Cr2 Cr2 Cr0 Cr0 Cr0 Cr
Inventories74 Cr81 Cr68 Cr77 Cr62 Cr83 Cr127 Cr97 Cr71 Cr75 Cr
Trade receivables109 Cr179 Cr240 Cr251 Cr227 Cr224 Cr258 Cr277 Cr237 Cr248 Cr
Cash & bank62 Cr51 Cr5 Cr0.98 Cr0.20 Cr3 Cr0.35 Cr0.24 Cr13 Cr0.05 Cr
Other assets22 Cr21 Cr22 Cr25 Cr43 Cr49 Cr71 Cr77 Cr79 Cr80 Cr
Total assets301 Cr377 Cr418 Cr503 Cr466 Cr473 Cr546 Cr522 Cr442 Cr439 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity12 Cr19 Cr5 Cr14 Cr14 Cr22 Cr6 Cr-14 Cr19 Cr19 Cr
Cash from investing-8 Cr-17 Cr-37 Cr4 Cr5 Cr3 Cr18 Cr11 Cr8 Cr-7 Cr
Cash from financing-7 Cr-14 Cr-12 Cr-22 Cr-20 Cr-23 Cr-33 Cr3 Cr-15 Cr-25 Cr
Net cash flow-3 Cr-12 Cr-45 Cr-4 Cr-0.77 Cr3 Cr-8 Cr-0.11 Cr13 Cr-13 Cr
Free cash flow (OCF − Capex)-1 Cr2 Cr-5 Cr7 Cr14 Cr22 Cr6 Cr-15 Cr16 Cr18 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.7%19.2%18.4%3.5%-12.6%4.5%12.3%4.0%-7.5%8.1%
ROE %12.8%12.5%11.2%-4.8%-15.5%-6.7%3.4%-7.6%-23.3%-2.7%
Debtor days122162207248387242187222253239
Inventory days473684134661475011324048992787672
Days payable305710171752029216787681091191078871
Cash conversion cycle290136-3502-5294-545977223160193240240
OCF / EBITDA %30.2%39.1%9.2%49.6%—83.8%11.3%-46.7%—60.1%
OCF / EBITDA % (3 years)——25.6%29.4%54.3%139.3%67.2%13.1%14.6%44.4%
Debt / equity0.200.180.140.200.220.250.250.480.470.45
Current ratio2.312.072.121.841.731.641.611.591.721.77
Net debt / EBITDA-0.68-0.290.541.47—1.760.943.11—2.59