THOMASCOTT

Thomas Scott (India) Limited

Data-driven fashion company with brands like Thomas Scott and licensed apparel labels

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

thomasscott.org(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹273.15
Market cap
400 Cr
Stock P/E
18.9
P/B
2.92
ROE (FY26)
14.1%
ROCE (FY26)
16.2%
Operating margin (FY26)
12.1%
Debt / equity (FY26)
0.34
OCF / EBITDA (FY26)
-80.0%
OCF / EBITDA (3Y)
-113.6%

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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Compare with peers

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What you need to know

Thomas Scott sells branded apparel to consumers, mainly online across India through marketplaces, using its own brand Thomas Scott, licensed brands and its own factories.

Company snapshot

16thBy market cap

Ranked among 31 companies in Garments & Apparels.

What we see

Positives
  • ✓Interest coverage of 11.5x — earnings comfortably cover interest obligations.
Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

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
Sales22 Cr22 Cr26 Cr27 Cr41 Cr45 Cr48 Cr54 Cr57 Cr66 Cr78 Cr66 Cr
Operating expenses (approx.)20 Cr20 Cr21 Cr24 Cr36 Cr40 Cr41 Cr48 Cr48 Cr58 Cr67 Cr57 Cr
EBITDA2 Cr2 Cr4 Cr3 Cr4 Cr6 Cr7 Cr6 Cr8 Cr8 Cr11 Cr9 Cr
OPM %10.5%7.3%16.7%10.7%10.6%12.2%13.9%11.3%14.9%11.8%14.2%13.0%
Other income0.99 Cr2 Cr0.19 Cr0.0009 Cr0.52 Cr0.19 Cr0.02 Cr0.0052 Cr0.0037 Cr0.21 Cr0.03 Cr0.0036 Cr
Interest0.61 Cr0.60 Cr0.06 Cr0.25 Cr0.49 Cr0.55 Cr0.72 Cr0.35 Cr0.56 Cr0.67 Cr1 Cr0.99 Cr
Depreciation0.24 Cr0.26 Cr0.43 Cr0.53 Cr0.76 Cr0.69 Cr0.23 Cr0.56 Cr0.61 Cr0.69 Cr0.69 Cr0.65 Cr
Profit before tax2 Cr2 Cr4 Cr2 Cr4 Cr4 Cr6 Cr5 Cr7 Cr6 Cr8 Cr7 Cr
Tax %-1.3%0.6%-0.2%34.9%20.7%33.1%26.8%33.4%35.4%22.0%26.7%21.0%
Net profit2 Cr2 Cr4 Cr1 Cr3 Cr3 Cr4 Cr3 Cr5 Cr5 Cr6 Cr5 Cr
EPS (₹)₹3.15₹2.83₹5.04₹5.40₹5.45₹7.96₹4.98₹2.50₹3.21₹3.39₹4.22₹3.71

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales17 Cr20 Cr22 Cr22 Cr21 Cr32 Cr63 Cr91 Cr161 Cr255 CrSign in free for the trailing twelve months
Operating expenses (approx.)17 Cr21 Cr22 Cr23 Cr21 Cr31 Cr58 Cr78 Cr142 Cr221 CrSign in free for the trailing twelve months
EBITDA0.65 Cr-0.20 Cr-0.54 Cr-0.83 Cr0.80 Cr1 Cr5 Cr13 Cr19 Cr33 CrSign in free for the trailing twelve months
OPM %3.7%-1.0%-2.5%-3.8%3.7%3.9%7.4%14.0%12.0%13.1%Sign in free for the trailing twelve months
Other income0.04 Cr0.02 Cr0.0006 Cr0.01 Cr0.09 Cr0.14 Cr0.03 Cr0.22 Cr0.73 Cr0.25 CrSign in free for the trailing twelve months
Interest0.12 Cr0.40 Cr0.57 Cr0.79 Cr0.69 Cr0.43 Cr1 Cr2 Cr2 Cr3 CrSign in free for the trailing twelve months
Depreciation0.02 Cr0.02 Cr0.05 Cr0.28 Cr0.28 Cr0.29 Cr0.67 Cr1 Cr2 Cr3 CrSign in free for the trailing twelve months
Profit before tax0.55 Cr-0.60 Cr-1 Cr-2 Cr-0.08 Cr0.70 Cr3 Cr10 Cr16 Cr27 CrSign in free for the trailing twelve months
Tax %11.9%-24.4%-5.3%-2.5%-42.0%9.7%3.4%-0.2%19.4%28.7%Sign in free for the trailing twelve months
Net profit0.48 Cr-0.74 Cr-1 Cr-2 Cr-0.11 Cr0.63 Cr3 Cr10 Cr13 Cr19 CrSign in free for the trailing twelve months
EPS (₹)₹1.43₹-2.19₹-3.59₹-5.71₹-0.34₹1.14₹5.22₹12.58₹11.58₹13.35Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%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 capital3 Cr3 Cr3 Cr3 Cr3 Cr6 Cr6 Cr10 Cr13 Cr15 Cr
Reserves5 Cr4 Cr3 Cr0.73 Cr0.63 Cr5 Cr8 Cr41 Cr93 Cr123 Cr
Borrowings2 Cr4 Cr5 Cr6 Cr4 Cr0.03 Cr5 Cr6 Cr13 Cr46 Cr
Other liabilities6 Cr9 Cr11 Cr15 Cr28 Cr35 Cr49 Cr12 Cr22 Cr54 Cr
Total liabilities16 Cr20 Cr23 Cr26 Cr36 Cr45 Cr68 Cr69 Cr141 Cr238 Cr
Fixed assets (net)0.05 Cr0.03 Cr1 Cr1 Cr1 Cr2 Cr4 Cr8 Cr11 Cr13 Cr
CWIP————0 Cr0 Cr0.64 Cr0.25 Cr0.13 Cr4 Cr
Investments——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories5 Cr5 Cr5 Cr6 Cr10 Cr18 Cr25 Cr29 Cr60 Cr86 Cr
Trade receivables8 Cr12 Cr13 Cr14 Cr21 Cr17 Cr26 Cr24 Cr58 Cr86 Cr
Cash & bank0.24 Cr0.04 Cr0.10 Cr0.05 Cr0.17 Cr3 Cr7 Cr0.05 Cr0.09 Cr0.05 Cr
Other assets4 Cr3 Cr4 Cr4 Cr4 Cr5 Cr6 Cr7 Cr12 Cr49 Cr
Total assets16 Cr20 Cr23 Cr26 Cr36 Cr45 Cr68 Cr69 Cr141 Cr238 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 activity-2 Cr-2 Cr0.31 Cr0.26 Cr3 Cr3 Cr-18 Cr-8 Cr-39 Cr-27 Cr
Cash from investing0.02 Cr-0.04 Cr-1 Cr-0.48 Cr-0.43 Cr-1 Cr-3 Cr2 Cr-6 Cr-8 Cr
Cash from financing2 Cr2 Cr0.80 Cr0.16 Cr-3 Cr1 Cr25 Cr6 Cr45 Cr34 Cr
Net cash flow0.09 Cr-0.20 Cr0.06 Cr-0.05 Cr0.12 Cr3 Cr4 Cr-0.0094 Cr-0.12 Cr-0.03 Cr
Free cash flow (OCF − Capex)—-2 Cr-0.74 Cr-0.27 Cr3 Cr2 Cr-22 Cr-13 Cr-45 Cr-27 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.7%-1.8%-5.1%-10.5%7.4%11.0%21.2%20.8%15.0%16.2%
ROE %6.0%-10.2%-20.1%-46.9%-2.9%6.1%20.1%19.8%12.1%14.1%
Debtor days16621321924135919114998130123
Inventory days94844119639309352293262287374
Days payable128157943515569016783249781195
Cash conversion cycle133140-5097-677-233-134117262336302
OCF / EBITDA %-289.5%———421.8%245.1%-395.8%-65.9%-202.8%-80.0%
OCF / EBITDA % (3 years)—————n.m.-177.3%-126.9%-179.8%-113.6%
Debt / equity0.260.550.891.541.050.00300.320.120.130.34
Current ratio——1.281.121.071.231.673.583.892.23
Net debt / EBITDA2.83———5.06-2.46-0.470.460.691.39