Overview

Detailed Summary

Indian Terrain Fashions Limited is a listed Indian men’s premium smart-casual apparel retailer focused on shirts, T‑shirts, trousers and seasonal wear, selling through exclusive stores, franchised formats, multi‑brand outlets and several e‑commerce partners across 250+ cities with ~194 exclusive doors and 730+ MBO relationships.
Q3 FY’26 marked a recovery inflection: revenues of ₹101.4 crore, EBITDA margin expansion to 11.8% and a return to PAT of ₹2.5 crore after six quarters of losses, driven by gross margin improvement to 43.8% and disciplined cost control under the TOC program.
The company is deliberately shifting mix toward asset‑light and scalable channels — MBO and EFO/wholesale now contribute materially (24% MBO in 9M) — and online traction surged (ONL up ~₹8.6 crore YoY) after commercial model changes with platforms like Flipkart.
Working‑capital discipline is a clear outcome: gross and net working‑capital days have reduced sequentially through tighter collections, inventory rationalisation and TOC initiatives, improving liquidity and cash conversion which management links directly to sustainable margin recovery and funding selective expansion.

Sector: Textiles
Industry: Textiles - Others
Market Cap: 155 Cr
Volatility: Low Risk
P/E Ratio: -27.6
Industry P/E: 21.8
PEG Ratio: —
P/B Ratio: 0.9
52W High: 44.90
52W Low: 29.10

Sales CAGR

1Y: -25.31%
3Y: 0.42%
5Y: -1.62%
10Y: 0.52%

Profit CAGR

1Y: -185.73%
3Y: —
5Y: —
10Y: —

ROE

TTM: -6.67%
3Y: -8.54%
5Y: -8.46%
10Y: 0.67%

ROCE

TTM: 2.02%
3Y: 2.81%
5Y: 0.15%
10Y: 7.76%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SDREAMS	88.00	165 Cr	16.76	1.49	0.00	8.34	10.74	5.24
INDTERRAIN	30.45	155 Cr	-27.58	0.85	0.00	-6.67	2.02	-1.41
SHRITECH	61.00	152 Cr	10.37	1.54	0.00	12.49	17.48	10.86
PREMCO	409.55	135 Cr	13.77	1.22	10.98	9.09	11.57	7.54
LAGNAM	70.49	125 Cr	8.54	1.01	0.71	10.75	10.50	2.69
INDIANCARD	200.00	119 Cr	4.83	0.34	0.00	4.49	5.72	6.54

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	140	109	114	68	86	97	90	69	101	101
Expenses	130	105	105	80	90	92	86	68	92	89
Operating Profit	11	4.56	9.22	-11	-3.78	5.01	3.38	1.01	8.51	12
OPM %	7.50	4.18	8.08	-16.79	-4.40	5.17	3.78	1.47	8.43	11.80
Other Income	1.04	1.11	1.10	1.03	1.58	0.92	1.23	1.26	0.88	0.20
Interest	5.58	5.80	5.45	5.58	5.50	5.47	4.41	4.48	4.65	4.69
Depreciation	5.21	5.08	6.60	4.88	4.71	4.31	4.04	3.83	3.59	3.42
Profit Before Tax	0.78	-5.21	-1.73	-21	-12	-3.85	-3.84	-6.04	1.15	4.06
Tax %	1,157.69	24.76	101.73	26.97	-75.50	10.65	43.49	-2.48	133.04	36.95
Net Profit	-8.25	-3.92	0.03	-15	-22	-3.44	-2.17	-6.19	-0.38	2.56
EPS in Rs	-1.63	-0.77	0.01	-3.02	-4.30	-0.68	-0.43	-1.10	-0.08	0.51

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	326	401	422	370	213	336	501	456	341	341
Expenses	286	354	372	342	232	309	448	426	347	335
Operating Profit	40	48	51	28	-19	27	53	30	-6.87	5.62
OPM %	12.28	11.92	12.03	7.59	-8.75	7.98	10.59	6.59	-2.02	1.65
Other Income	5.30	2.50	2.98	3.85	11	7.34	-0.39	3.93	4.76	4.99
Interest	8.93	7.04	8.46	21	24	19	19	22	21	20
Depreciation	3.14	4.22	5.54	23	23	23	23	22	18	17
Profit Before Tax	33	39	40	-12	-54	-7.73	11	-10	-41	-26
Tax %	31.31	34.94	35.42	10.09	43.32	71.54	32.48	-46.95	-4.02	-28.46
Net Profit	23	25	26	-10	-31	-2.20	7.09	-15	-43	-34
EPS in Rs	4.52	5.03	5.07	-2.04	-6.07	-0.44	1.22	-2.94	-8.43	-1.10
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7.34	7.59	7.59	7.59	7.59	8.22	8.22	8.86	8.86	9.14
Reserves	154	171	196	222	209	190	188	203	188	174
Borrowings	42	35	37	33	122	114	109	109	143	117
Other Liabilities	67	87	136	156	165	153	167	225	182	142
Total Liabilities	270	301	377	418	503	466	473	546	522	442
Fixed Assets	27	35	49	53	128	111	94	73	62	43
CWIP	0.00	2.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	30	21	22	19	17	9.00	0.31
Other Assets	243	264	328	335	354	333	360	457	452	399
Total Assets	270	301	377	418	503	466	473	546	522	442

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	23	12	19	4.66	14	14	22	9.62	-14	19
Cash from Investing Activity	41	-8.15	-17	-37	3.91	4.88	3.41	18	11	8.26
Cash from Financing Activity	-0.16	-6.88	-14	-12	-22	-20	-23	-31	2.99	-15
Net Cash Flow	64	-2.94	-12	-45	-4.49	-0.78	2.66	-2.51	-0.11	13

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024	Dec 2024	Mar 2025	May 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	34.24%	34.24%	34.24%	34.24%	34.24%	34.96%	34.96%	34.97%	31.55%	34.97%	31.55%	31.55%
FIIs	6.04%	6.39%	6.57%	6.00%	5.99%	5.80%	5.81%	5.68%	5.07%	5.69%	5.12%	5.07%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.05%	0.06%	0.05%	0.04%
Public	59.72%	59.37%	59.19%	59.77%	59.77%	59.24%	59.23%	59.30%	63.33%	59.29%	63.28%	63.34%
Total Shareholders	21,903	20,687	20,969	20,349	23,163	23,163	23,156	22,878	22,620	22,411	22,140	21,734

Market Transactions

Unlock Premium Features

Analyst Target, Price, EPS and Revenue Projections

Upgrade

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Available on Pro Plan