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TCNS Clothing

NSEI:TCNSBRANDS
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCNSBRANDS
NSEI
₹46B
Market Cap
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Last updated 2019/02/16 13:11
Company description

TCNS Clothing Co. Limited designs, manufactures, markets, and retails women’s branded apparel. The last earnings update was 8 days ago. More info.

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TCNSBRANDS Share Price and Events
7 Day Returns
3.1%
NSEI:TCNSBRANDS
-1.4%
IN Luxury
-2.4%
IN Market
1 Year Returns
-
NSEI:TCNSBRANDS
-8%
IN Luxury
-8.9%
IN Market
TCNSBRANDS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TCNS Clothing (TCNSBRANDS) 3.1% 2.2% 7.2% - - -
IN Luxury -1.4% -1.1% -1.9% -8% 50.1% 192.3%
IN Market -2.4% -4.4% -3.4% -8.9% 41.8% 80.3%
1 Year Return vs Industry and Market
  • No trading data on TCNSBRANDS.
  • No trading data on TCNSBRANDS.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is TCNS Clothing undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TCNS Clothing to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TCNS Clothing.

NSEI:TCNSBRANDS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:TCNSBRANDS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 7.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.575 (1 + (1- 35%) (0%)) 		0.575
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 7.45%) 		13.51%

Discounted Cash Flow Calculation for NSEI:TCNSBRANDS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TCNS Clothing is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:TCNSBRANDS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (INR, Millions) 230.00 517.00 731.50 855.86 992.79
Source Analyst x2 Analyst x2 Analyst x2 Est @ 17%, capped from 25.82% Est @ 16%, capped from 25.82%
Present Value
Discounted (@ 13.51%) 		202.63 401.26 500.16 515.54 526.85
Present value of next 5 years cash flows ₹2,146.44
NSEI:TCNSBRANDS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= ₹992.79 × (1 + 7.55%) ÷ (13.51% – 7.55%) 		₹17,915.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= ₹17,915.23 ÷ (1 + 13.51%)5 		₹9,507.18
NSEI:TCNSBRANDS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= ₹2,146.44 + ₹9,507.18 		₹11,653.62
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹11,653.62 / 61.32 		₹190.04
NSEI:TCNSBRANDS Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹190.04
Current discount Discount to share price of ₹742.30
= -1 x (₹742.30 - ₹190.04) / ₹190.04 		-290.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TCNS Clothing is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TCNS Clothing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TCNS Clothing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TCNSBRANDS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹19.15
NSEI:TCNSBRANDS Share Price ** NSEI (2019-02-15) in INR ₹742.3
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.58x
India Market PE Ratio Median Figure of 2,731 Publicly-Listed Companies 15.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TCNS Clothing.

NSEI:TCNSBRANDS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:TCNSBRANDS Share Price ÷ EPS (both in INR)

= 742.3 ÷ 19.15

 38.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TCNS Clothing is overvalued based on earnings compared to the IN Luxury industry average.
  • TCNS Clothing is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does TCNS Clothing's expected growth come at a high price?
Raw Data
NSEI:TCNSBRANDS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 12.6%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 1.11x
India Market PEG Ratio Median Figure of 606 Publicly-Listed Companies 1.11x

*Line of best fit is calculated by linear regression .

NSEI:TCNSBRANDS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.76x ÷ 12.6%

 3.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TCNS Clothing is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TCNS Clothing's assets?
Raw Data
NSEI:TCNSBRANDS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹85.89
NSEI:TCNSBRANDS Share Price * NSEI (2019-02-15) in INR ₹742.3
India Luxury Industry PB Ratio Median Figure of 307 Publicly-Listed Luxury Companies 0.7x
India Market PB Ratio Median Figure of 3,587 Publicly-Listed Companies 1.04x
NSEI:TCNSBRANDS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:TCNSBRANDS Share Price ÷ Book Value per Share (both in INR)

= 742.3 ÷ 85.89

 8.64x

* Primary Listing of TCNS Clothing.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TCNS Clothing is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess TCNS Clothing's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
    5. TCNS Clothing has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TCNS Clothing expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TCNS Clothing expected to grow at an attractive rate?
  • TCNS Clothing's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • TCNS Clothing's earnings growth is positive but not above the India market average.
  • TCNS Clothing's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:TCNSBRANDS Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:TCNSBRANDS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 12.6%
NSEI:TCNSBRANDS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 19.5%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.2%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:TCNSBRANDS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TCNSBRANDS Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 15,960 1,671 1,671 2
2020-03-31 13,626 1,378 1,385 2
2019-03-31 11,564 1,259 1,340 2
NSEI:TCNSBRANDS Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 9,567 1,205
2018-09-30 9,020 1,108
2018-06-30 8,702 1,045
2018-03-31 8,385 413 981
2017-03-31 7,009 251 158
2016-03-31 4,854 344 -415

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TCNS Clothing's earnings are expected to grow by 12.6% yearly, however this is not considered high growth (20% yearly).
  • TCNS Clothing's revenue is expected to grow by 19.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TCNSBRANDS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from TCNS Clothing Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TCNSBRANDS Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 25.45 26.20 24.70 2.00
2020-03-31 21.45 21.70 21.20 2.00
2019-03-31 21.15 21.30 21.00 2.00
NSEI:TCNSBRANDS Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 19.15
2018-09-30 17.81
2018-06-30 16.97
2018-03-31 16.12
2017-03-31 2.67
2016-03-31 -8.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TCNS Clothing is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Luxury industry
X
Future performance checks
We assess TCNS Clothing's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TCNS Clothing has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TCNS Clothing performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TCNS Clothing's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TCNS Clothing has delivered over 20% year on year earnings growth in the past 5 years.
  • TCNS Clothing's 1-year earnings growth exceeds its 5-year average (54.9% vs 41.5%)
  • TCNS Clothing's earnings growth has exceeded the IN Luxury industry average in the past year (54.9% vs 13.5%).
Earnings and Revenue History
TCNS Clothing's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TCNS Clothing Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TCNSBRANDS Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 9,567.19 1,205.32 3,105.01
2018-09-30 9,019.52 1,108.44 2,866.78
2018-06-30 8,702.20 1,044.71 2,687.93
2018-03-31 8,384.88 980.97 2,509.07
2017-03-31 7,009.35 157.97 2,705.27
2016-03-31 4,853.87 -414.96 2,391.19
2015-03-31 3,009.59 262.81 724.84
2014-03-31 1,695.90 87.50 418.52
2013-03-31 1,283.78 47.56 284.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TCNS Clothing has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • TCNS Clothing used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • TCNS Clothing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Luxury industry
X
Past performance checks
We assess TCNS Clothing's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TCNS Clothing has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TCNS Clothing's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TCNS Clothing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TCNS Clothing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TCNS Clothing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TCNS Clothing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2813.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TCNS Clothing Company Filings, last reported 1 month ago.

NSEI:TCNSBRANDS Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,414.03 1.92 871.74
2018-09-30 5,414.03 1.92 871.74
2018-06-30 4,314.68 2.70 366.93
2018-03-31 4,314.68 2.70 366.93
2017-03-31 2,819.26 88.19 19.75
2016-03-31 483.26 382.34 27.61
2015-03-31 1,103.92 398.09 68.65
2014-03-31 834.23 342.16 70.26
2013-03-31 746.03 308.46 84.99
  • TCNS Clothing's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (41.1% vs 0% today).
  • Debt is well covered by operating cash flow (21527.1%, greater than 20% of total debt).
  • TCNS Clothing earns more interest than it pays, coverage of interest payments is not a concern.
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess TCNS Clothing's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. TCNS Clothing has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TCNS Clothing dividends. Estimated to be 0.24% next year.
If you bought ₹2,000 of TCNS Clothing shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TCNS Clothing's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TCNS Clothing's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:TCNSBRANDS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:TCNSBRANDS Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 2.00 2.00
2020-03-31 1.50 2.00
2019-03-31 2.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TCNS Clothing has not reported any payouts.
  • Unable to verify if TCNS Clothing's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TCNS Clothing's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TCNS Clothing has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of TCNS Clothing's dividends in 3 years as they are not expected to pay a notable one for India.
X
Income/ dividend checks
We assess TCNS Clothing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TCNS Clothing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. TCNS Clothing has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anant Daga
AGE 41
TENURE AS CEO 8.9 years
CEO Bio

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 Calcutta and a post-graduate diploma in management from Indian Institute of Management, Ahmedabad. He joined TCNS Clothing as the Chief Executive Officer with effect from March 16, 2010. Prior to that, has worked with Reebok, India as director (sales) and with ICICI bank. He also features in the Economic Times’ 40 under 40 list of India’s hottest business leaders for 2017 and has been awarded the “Brand Professional of the Year Award” at the CMAI Apex Awards 2017.

CEO Compensation
  • Insufficient data for Anant to compare compensation growth.
  • Insufficient data for Anant to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the TCNS Clothing management team in years:

1.8
Average Tenure
43.5
Average Age
  • The average tenure for the TCNS Clothing management team is less than 2 years, this suggests a new team.
Management Team

Onkar Pasricha

TITLE
Founder & Chairman
AGE
67

Anant Daga

TITLE
MD & Director
AGE
41
TENURE
8.9 yrs

Venkatesh Tarakkad

TITLE
Chief Financial Officer
AGE
46
TENURE
1.8 yrs

Piyush Asija

TITLE
Company Secretary & Compliance Officer
AGE
33
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the TCNS Clothing board of directors in years:

1.2
Average Tenure
63
Average Age
  • The average tenure for the TCNS Clothing board of directors is less than 3 years, this suggests a new board.
Board of Directors

Onkar Pasricha

TITLE
Founder & Chairman
AGE
67

Anant Daga

TITLE
MD & Director
AGE
41
TENURE
2.4 yrs

Neeru Abrol

TITLE
Independent Director
AGE
64
TENURE
1.2 yrs

Sangeeta Talwar

TITLE
Independent Director
AGE
62
TENURE
1.2 yrs

Bhaskar Pramanik

TITLE
Independent Director
AGE
67
TENURE
1.2 yrs

Naresh Patwari

TITLE
Non-Executive Nominee Director
AGE
40
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess TCNS Clothing's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. TCNS Clothing has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

TCNS Clothing Co. Limited (NSE:TCNSBRANDS) Earns Among The Best Returns In Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:

Simply Wall St - –

What Kind Of Investor Owns Most Of TCNS Clothing Co. Limited (NSE:TCNSBRANDS)?

The big shareholder groups in TCNS Clothing Co. … TCNS Clothing is a smaller company with a market capitalization of ₹44b, so it may still be flying under the radar of many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St - –

Can TCNS Clothing Co. Limited (NSE:TCNSBRANDS) Maintain Its Strong Returns?

TCNS Clothing has a ROE of 20%, based on the last twelve months. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - –

TCNS Clothing Co Limited (NSE:TCNSBRANDS) Has Attractive Fundamentals

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on TCNS Clothing Co Limited (NSE:TCNSBRANDS) due to its excellent fundamentals in more than one area.

Simply Wall St - –

Is TCNS Clothing Co Limited's (NSE:TCNSBRANDS) High P/E Ratio A Problem For Investors?

To keep it practical, we'll show how TCNS Clothing Co Limited's (NSE:TCNSBRANDS) P/E ratio could help you assess the value on offer. … How Do I Calculate TCNS Clothing's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Is It Too Late To Buy TCNS Clothing Co Limited (NSE:TCNSBRANDS) At Its November Price?

TCNS Clothing Co Limited (NSE:TCNSBRANDS) is considered a high growth stock. … However its last closing price of ₹628.3 left investors wondering whether this growth has already been factored into the share price. … One reason why investors are attracted to TCNSBRANDS is the high growth potential in the near future

Simply Wall St - –

TCNS Clothing Co Limited (NSE:TCNSBRANDS): A Look At Solid Capital Returns

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand TCNS Clothing’s capital returns we will look at a useful metric called return on capital employed. … TCNS Clothing's Return On Capital Employed

Simply Wall St - –

Who Are The Major Shareholders In TCNS Clothing Co Limited (NSE:TCNSBRANDS)?

A look at the shareholders of TCNS Clothing Co Limited (NSE:TCNSBRANDS) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … TCNS Clothing is a smaller company with a market capitalization of ₹39.80b, so it may still be flying under the radar of many institutional investors.

Simply Wall St - –

Can TCNS Clothing Co Limited (NSE:TCNSBRANDS) Continue To Outperform Its Industry?

and want to learn about Return on Equity using a real-life example. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface. … Check out our latest analysis for TCNS Clothing

Simply Wall St - –

Company Info

Map
Description

TCNS Clothing Co. Limited designs, manufactures, markets, and retails women’s branded apparel. Its product portfolio includes top-wear, bottom-wear, drapes, combination-sets, and accessories that caters to various Indian woman, including every-day wear, casual wear, work wear, and occasion wear. As of March 31, 2018, the company sold its products under the W and Aurelia brands through 281 and 183 exclusive brand outlets, as well as Wishful brand through 1 exclusive brand outlet; through 1,469 large format stores; 1,522 multi-brand outlets; and online channels comprising online retailers and its Websites. It also sells its products through six exclusive brand outlets in Nepal, Mauritius, and Sri Lanka. TCNS Clothing Co. Limited was founded in 1972 and is based in New Delhi, India.

Details
Name: TCNS Clothing Co. Limited
TCNSBRANDS
Exchange: NSEI
Founded: 1972
₹45,520,154,945
61,323,124
Website: http://wforwoman.com
Address: TCNS Clothing Co. Limited
W-House, 119,
Neelagagan towers,
New Delhi,
Delhi, 110030,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI TCNSBRANDS Equity Shares National Stock Exchange of India IN INR 30. Jul 2018
BSE 541700 Equity Shares Mumbai Stock Exchange IN INR 30. Jul 2018
Number of employees
Current staff
Staff numbers
3,086
TCNS Clothing employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 13:11
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2019/02/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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