NSEI:TCNSBRANDS

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with acceptable 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

Stable Share Price: TCNSBRANDS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

16.1%

TCNSBRANDS

8.6%

IN Luxury

8.2%

IN Market


1 Year Return

-51.2%

TCNSBRANDS

-21.6%

IN Luxury

-18.2%

IN Market

Return vs Industry: TCNSBRANDS underperformed the Indian Luxury industry which returned -24% over the past year.

Return vs Market: TCNSBRANDS underperformed the Indian Market which returned -19.9% over the past year.


Shareholder returns

TCNSBRANDSIndustryMarket
7 Day16.1%8.6%8.2%
30 Day-3.2%2.2%1.5%
90 Day-34.9%-21.2%-11.5%
1 Year-51.2%-51.2%-21.0%-21.6%-16.6%-18.2%
3 Yearn/a0.4%-1.9%-6.1%-11.1%
5 Yearn/a46.0%42.7%19.2%8.0%

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?

19.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TCNSBRANDS (₹380.95) is trading above our estimate of fair value (₹91.01)

Significantly Below Fair Value: 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 (19.2x) compared to the Luxury industry average (8.1x).

PE vs Market: TCNSBRANDS is poor value based on its PE Ratio (19.2x) compared to the Indian market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: TCNSBRANDS is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: TCNSBRANDS is overvalued based on its PB Ratio (3.7x) compared to the IN Luxury industry average (0.4x).


Next Steps

Future Growth

How is TCNS Clothing forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCNSBRANDS's forecast earnings growth (6.3% per year) is below the savings rate (7.2%).

Earnings vs Market: TCNSBRANDS's earnings (6.3% per year) are forecast to grow slower than the Indian market (16.6% per year).

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

Revenue vs Market: TCNSBRANDS's revenue (7.7% per year) is forecast to grow faster than the Indian market (7.2% per year).

High Growth Revenue: TCNSBRANDS's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCNSBRANDS's Return on Equity is forecast to be low in 3 years time (13.2%).


Next Steps

Past Performance

How has TCNS Clothing performed over the past 5 years?

36.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TCNSBRANDS has high quality earnings.

Growing Profit Margin: TCNSBRANDS's current net profit margins (10.3%) are lower than last year (12.6%).


Past Earnings Growth Analysis

Earnings Trend: TCNSBRANDS's earnings have grown significantly by 36.4% per year over the past 5 years.

Accelerating Growth: TCNSBRANDS's earnings growth over the past year (4.4%) is below its 5-year average (36.4% per year).

Earnings vs Industry: TCNSBRANDS earnings growth over the past year (4.4%) underperformed the Luxury industry 6.4%.


Return on Equity

High ROE: TCNSBRANDS's Return on Equity (20.1%) is considered high.


Next Steps

Financial Health

How is TCNS Clothing's financial position?


Financial Position Analysis

Short Term Liabilities: TCNSBRANDS's short term assets (₹7.1B) exceed its short term liabilities (₹2.0B).

Long Term Liabilities: TCNSBRANDS's short term assets (₹7.1B) exceed its long term liabilities (₹3.5B).


Debt to Equity History and Analysis

Debt Level: TCNSBRANDS is debt free.

Reducing Debt: TCNSBRANDS has no debt compared to 5 years ago when its debt to equity ratio was 37%.

Debt Coverage: TCNSBRANDS has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TCNSBRANDS has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

1.08%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Anant Daga (42yo)

10.25yrs

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: Anant's total compensation ($USD8.20M) is above average for companies of similar size in the Indian market ($USD347.83K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Onkar Pasricha
Founder & Chairmanno data₹2.83m32.33% 7.6b
Anant Daga
MD & Director10.25yrs₹619.88m5.86% 1.4b
Venkatesh Tarakkad
Chief Financial Officer3.08yrs₹10.90mno data
Piyush Asija
Company Secretary & Compliance Officer2.5yrs₹2.86m0.00033% 77.3k
Saranpreet Pasricha
Head of International Businessno datano datano data

3.1yrs

Average Tenure

44yo

Average Age

Experienced Management: TCNSBRANDS's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Onkar Pasricha
Founder & Chairmanno data₹2.83m32.33% 7.6b
Anant Daga
MD & Director10.25yrs₹619.88m5.86% 1.4b
Sangeeta Talwar
Non-Executive Independent Director2.5yrs₹900.00kno data
Neeru Abrol
Non-Executive Independent Director2.5yrs₹1.45mno data
Bhaskar Pramanik
Non-Executive Independent Director2.5yrs₹1.25mno data
Naresh Patwari
Non-Executive Non-Independent Director3.83yrsno datano data

2.5yrs

Average Tenure

64yo

Average Age

Experienced Board: TCNSBRANDS's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: ₹23.419b
  • Shares outstanding: 61.47m
  • 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 wear under the W, Aurelia, and Wishful brand names. The company sells its products through distributors, franchisees, large format stores, and e-commerce. It operates through approximately 300 stores. TCNS Clothing Co. Limited was founded in 1972 and is based in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/02 13:40
End of Day Share Price2020/06/02 00:00
Earnings2019/12/31
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.