NSEI:TCNSBRANDS

Stock Analysis Report

Executive Summary

TCNS Clothing Co. Limited designs, manufactures, sells, and retails contemporary Indian wear for women in India and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has TCNS Clothing's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.1%

TCNSBRANDS

1.7%

IN Luxury

3.1%

IN Market


1 Year Return

23.4%

TCNSBRANDS

10.4%

IN Luxury

3.7%

IN Market

Return vs Industry: TCNSBRANDS exceeded the Indian Luxury industry which returned 10.4% over the past year.

Return vs Market: TCNSBRANDS exceeded the Indian Market which returned 3.7% over the past year.


Shareholder returns

TCNSBRANDSIndustryMarket
7 Day-2.1%1.7%3.1%
30 Day6.6%5.4%5.7%
90 Day-9.6%7.3%1.4%
1 Year23.4%23.4%11.3%10.4%5.9%3.7%
3 Yearn/a47.8%46.1%22.3%16.0%
5 Yearn/a104.2%100.6%42.5%28.9%

Price Volatility Vs. Market

How volatile is TCNS Clothing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TCNS Clothing undervalued compared to its fair value and its price relative to the market?

33.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: TCNSBRANDS (₹700.2) is trading above our estimate of fair value (₹524.88)

Significantly Undervalued: TCNSBRANDS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TCNSBRANDS is poor value based on its PE Ratio (33.2x) compared to the Luxury industry average (10.2x).

PE vs Market: TCNSBRANDS is poor value based on its PE Ratio (33.2x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

Low PEG Ratio: TCNSBRANDS is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: TCNSBRANDS is overvalued based on its PB Ratio (6.9x) compared to the IN Luxury industry average (0.6x).


Next Steps

Future Growth

How is TCNS Clothing forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCNSBRANDS's forecast earnings growth (14.2% per year) is above the savings rate (7.6%).

Earnings vs Market: TCNSBRANDS's earnings (14.2% per year) are forecast to grow slower than the Indian market (18.2% per year).

High Growth Earnings: TCNSBRANDS's earnings are forecast to grow, but not significantly.

Revenue vs Market: TCNSBRANDS's revenue (14.5% per year) is forecast to grow faster than the Indian market (11.4% per year).

High Growth Revenue: TCNSBRANDS's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: TCNSBRANDS's Return on Equity is forecast to be low in 3 years time (19.2%).


Next Steps

Past Performance

How has TCNS Clothing performed over the past 5 years?

43.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TCNSBRANDS's earnings have grown significantly by 43.3% per year over the past 5 years.

Accelerating Growth: TCNSBRANDS's earnings growth over the past year (39.7%) is below its 5-year average (43.3% per year).

Earnings vs Industry: TCNSBRANDS earnings growth over the past year (39.7%) exceeded the Luxury industry 7.9%.


Return on Equity

High ROE: TCNSBRANDS's Return on Equity (21.3%) is considered high.


Return on Assets

ROA vs Industry: TCNSBRANDS has a higher Return on Assets than the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: TCNSBRANDS has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is TCNS Clothing's financial position?


Financial Position Analysis

Short Term Liabilities: TCNSBRANDS's short term assets (₹6.4B) exceeds its short term liabilities (₹1.5B)

Long Term Liabilities: TCNSBRANDS's short term assets (6.4B) exceeds its long term liabilities (144.1M)


Debt to Equity History and Analysis

Debt Level: TCNSBRANDS's debt to equity ratio (0.04%) is considered satisfactory

Reducing Debt: TCNSBRANDS's debt to equity ratio has reduced from 39.5% to 0.04% over the past 5 years.

Debt Coverage: TCNSBRANDS's debt is well covered by operating cash flow (41261%).

Interest Coverage: TCNSBRANDS's interest payments on its debt are well covered by EBIT (38.8x coverage).


Balance Sheet

Inventory Level: TCNSBRANDS has a high level of physical assets or inventory.

Debt Coverage by Assets: TCNSBRANDS's debt is covered by short term assets (assets are 2929.651370x debt).


Next Steps

Dividend

What is TCNS Clothing's current dividend yield, its reliability and sustainability?

0.20%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.6%forecastin3Years0.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TCNSBRANDS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TCNSBRANDS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TCNSBRANDS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TCNSBRANDS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TCNSBRANDS's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of TCNS Clothing's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average management tenure


CEO

Anant Daga (42yo)

9.6yrs

Tenure

₹619,882,971

Compensation

Mr. Anant Kumar Daga serves as the Managing Director of TCNS Clothing Co. Limited and has been its Director since September 7, 2016. Mr. Daga holds a bachelor’s degree in commerce from the University of Ca ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Anant's total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: Insufficient data to compare Anant's compensation with company performance.


Management Age and Tenure

2.4yrs

Average Tenure

44yo

Average Age

Experienced Management: TCNSBRANDS's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

64yo

Average Age

Experienced Board: TCNSBRANDS's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: TCNSBRANDS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹1,801,98526 Sep 19
Ravi Kant
EntityIndividual
Shares2,500
Max Price₹720.79
Sell₹4,469,67826 Sep 19
Piyush Asija
EntityIndividual
Role
Chief Compliance Officer
Company Secretary & Compliance Officer
Shares6,090
Max Price₹733.94

Ownership Breakdown


Management Team

  • Onkar Pasricha (69yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: ₹2.83m
  • Anant Daga (42yo)

    MD & Director

    • Tenure: 9.6yrs
    • Compensation: ₹619.88m
  • Venkatesh Tarakkad (46yo)

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: ₹10.90m
  • Piyush Asija (34yo)

    Company Secretary & Compliance Officer

    • Tenure: 1.8yrs
    • Compensation: ₹2.86m

Board Members

  • Sangeeta Talwar (63yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: ₹900.00k
  • Neeru Abrol (65yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: ₹1.45m
  • Bhaskar Pramanik (68yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: ₹1.25m
  • Naresh Patwari (41yo)

    Non-Executive Director

    • Tenure: 3.2yrs
  • Onkar Pasricha (69yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: ₹2.83m
  • Anant Daga (42yo)

    MD & Director

    • Tenure: 9.6yrs
    • Compensation: ₹619.88m

Company Information

TCNS Clothing Co. Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TCNS Clothing Co. Limited
  • Ticker: TCNSBRANDS
  • Exchange: NSEI
  • Founded: 1972
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹42.894b
  • Shares outstanding: 61.46m
  • Website: https://wforwoman.com

Number of Employees


Location

  • TCNS Clothing Co. Limited
  • W-House, 119 and 127
  • Neelagagan towers
  • New Delhi
  • Delhi
  • 110030
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
541700BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2018
TCNSBRANDSNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2018

Biography

TCNS Clothing Co. Limited designs, manufactures, sells, and retails contemporary Indian wear for women in India and internationally. Its product portfolio includes top-wear, bottom-wear, drapes, and winter ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 12:54
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.