Indian Terrain Fashions Limited (IN:INDTERRAIN)
:INDTERRAIN
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Indian Terrain Fashions Limited
(INDTERRAIN)
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Rating:50Neutral
Price Target:
₹32.00
▼(-7.78% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily held back by financial performance: despite an FY2026 operating recovery, continued net losses and inconsistent cash generation remain key risks. Technical indicators are broadly neutral with only mild positive momentum, while valuation appears moderate based on the P/E, with no dividend data to add support.
Positive Factors
Omnichannel distribution
A diversified go-to-market mix (multi‑brand wholesale, exclusive brand outlets and online channels) is a durable structural strength. It reduces single‑channel concentration risk, supports broader customer reach and provides multiple levers to optimize channel margins and inventory placement over time.
Negative Factors
Persistent net losses
Recurring net losses over multiple years weaken retained earnings and constrain internal funding for growth. Even with operating improvement, sustained bottom‑line losses erode investor and creditor confidence and limit the company's ability to self‑fund inventory, store investments and strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Omnichannel distribution
A diversified go-to-market mix (multi‑brand wholesale, exclusive brand outlets and online channels) is a durable structural strength. It reduces single‑channel concentration risk, supports broader customer reach and provides multiple levers to optimize channel margins and inventory placement over time.
Read all positive factors
Indian Terrain Fashions Limited (INDTERRAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.63B
Dividend YieldN/A
Average Volume (3M)7.84K
Price to Earnings (P/E)17.3
Beta (1Y)1.43
Revenue Growth10.88%
EPS Growth88.49%
CountryIN
Employees273
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)-2.57
Shares Outstanding50,667,366
10 Day Avg. Volume3,058
30 Day Avg. Volume7,842
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.68
Price to Sales (P/S)0.33
P/FCF Ratio204.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indian Terrain Fashions Limited Business Overview & Revenue Model
Company Description
Indian Terrain Fashions Limited manufactures and sells apparel in India. It offers shirts, T-shirts, sweaters, jackets, denims, sweatshirts, shorts, trousers, jeans, and joggers, as well as accessories comprising belts, wallets, and socks for men ...
How the Company Makes Money
Indian Terrain primarily makes money by designing, sourcing/manufacturing, and selling branded apparel and accessories under its own label. Its revenue model is driven by (1) sales to multi-brand outlets (MBOs) where it supplies its products to in...
Indian Terrain Fashions Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.78B | 3.41B | 4.56B | 5.01B | 3.36B |
| Gross Profit | 1.26B | 1.22B | 883.90M | 1.20B | 1.46B | 1.24B |
| EBITDA | 222.00M | 322.90M | -21.10M | 339.90M | 551.90M | 341.80M |
| Net Income | -121.80M | -49.10M | -426.60M | -149.30M | 70.90M | -22.00M |
Balance Sheet | ||||||
| Total Assets | 4.39B | 4.39B | 4.42B | 5.22B | 5.46B | 4.73B |
| Cash, Cash Equivalents and Short-Term Investments | 415.20M | 419.20M | 439.80M | 92.40M | 170.60M | 213.80M |
| Total Debt | 1.09B | 1.02B | 1.17B | 1.43B | 1.09B | 1.09B |
| Total Liabilities | 2.57B | 2.55B | 2.60B | 3.26B | 3.35B | 2.76B |
| Stockholders Equity | 1.83B | 1.84B | 1.83B | 1.97B | 2.12B | 1.97B |
Cash Flow | ||||||
| Free Cash Flow | 42.40M | 6.10M | -29.10M | -146.90M | 110.90M | 211.50M |
| Operating Cash Flow | 52.80M | 22.50M | 3.30M | -140.50M | 121.90M | 224.80M |
| Investing Cash Flow | -77.00M | -88.60M | 62.10M | 109.50M | 184.00M | 34.10M |
| Financing Cash Flow | -100.80M | -62.00M | 60.70M | 29.90M | -331.10M | -232.30M |
Indian Terrain Fashions Limited Technical Analysis
Negative
34.70
Price Trends
30.50
Positive
32.24
Negative
34.29
Negative
Market Momentum
0.10
Negative
50.42
Neutral
73.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDTERRAIN, the sentiment is Negative. The current price of 34.7 is above the 20-day moving average (MA) of 31.36, above the 50-day MA of 30.50, and above the 200-day MA of 34.29, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 50.42 is Neutral, neither overbought nor oversold. The STOCH value of 73.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDTERRAIN.
Indian Terrain Fashions Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹11.68B | 3.10 | ― | 2.83% | 15.95% | 38.04% | |
66 Neutral | ₹27.34B | 22.08 | ― | 0.41% | 26.02% | -10.21% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹36.03B | 0.40 | ― | 2.31% | -36.68% | -30.03% | |
50 Neutral | ₹1.63B | 17.32 | ― | ― | 10.88% | 88.49% | |
48 Neutral | ₹76.11B | -15.34 | ― | ― | -46.52% | 15.08% | |
42 Neutral | ₹2.07B | -6.35 | ― | ― | -3.34% | 30.75% |
* Consumer Cyclical Sector Average
IN:INDTERRAIN
Indian Terrain Fashions Limited
32.20
-5.50
-14.59%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
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443.60
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IN:MONTECARLO
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563.60
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IN:RAYMOND
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541.25
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IN:ZODIACLOTH
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-34.37
-31.28%
Indian Terrain Fashions Limited Corporate Events
Indian Terrain Launches Postal Ballot and E-Voting, Publishes Notices in Newspapers
Apr 28, 2026
Indian Terrain Fashions Limited has announced that it has dispatched a Postal Ballot Notice to its shareholders and initiated a remote e-voting process to seek their approval on corporate matters through absentee voting. The company also published...
Indian Terrain opens special window for transfer and demat of physical shares
Apr 7, 2026
Indian Terrain Fashions Limited has announced that it has published newspaper advertisements regarding a special window for the transfer and dematerialisation of physical securities. The company stated that these notices, issued in line with SEBI&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.