Indian Terrain Fashions Limited (IN:INDTERRAIN)
:INDTERRAIN
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Indian Terrain Fashions Limited
(INDTERRAIN)
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Rating:48Neutral
Price Target:
₹31.00
▼(-10.66% Downside)
Action:ReiteratedDate:04/01/26
The score is primarily held back by weak financial performance (declining revenue, losses, and negative free cash flow) and bearish technicals (trading below key moving averages with negative MACD). Valuation is relatively neutral with a mid-range P/E but lacks dividend support and is tempered by poor profitability.
Positive Factors
Multi-channel retail model
A diversified sales mix across company-owned outlets, franchise EBOS, wholesale partners and online channels reduces reliance on any single distribution route. Structurally this supports revenue resilience, scaling via low-capex franchise expansion, and the ability to shift channel mix as consumer habits evolve over months.
Negative Factors
Declining revenue and net losses
Sustained top-line decline and recurring net losses materially weaken scale economics. Over a multi-month horizon this reduces bargaining power with vendors, constrains reinvestment in marketing and stores, and raises the bar for required operational fixes to return to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-channel retail model
A diversified sales mix across company-owned outlets, franchise EBOS, wholesale partners and online channels reduces reliance on any single distribution route. Structurally this supports revenue resilience, scaling via low-capex franchise expansion, and the ability to shift channel mix as consumer habits evolve over months.
Read all positive factors
Indian Terrain Fashions Limited (INDTERRAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.60B
Dividend YieldN/A
Average Volume (3M)7.84K
Price to Earnings (P/E)17.3
Beta (1Y)1.35
Revenue Growth-5.67%
EPS Growth71.26%
CountryIN
Employees273
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.51
Shares Outstanding50,667,366
10 Day Avg. Volume3,058
30 Day Avg. Volume7,842
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.77
Price to Sales (P/S)0.41
P/FCF Ratio-48.10
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 Fashions Limited primarily makes money by selling branded apparel and related products under the Indian Terrain label. Revenue is generated through (1) sales to consumers via its own retail stores (company-operated outlets), where t...
Indian Terrain Fashions Limited Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
56
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.41B | 4.56B | 5.01B | 3.36B | 2.13B |
| Gross Profit | 1.26B | 883.90M | 1.20B | 1.46B | 1.24B | 729.40M |
| EBITDA | 222.00M | -21.10M | 339.90M | 551.90M | 341.80M | -101.20M |
| Net Income | -121.80M | -426.60M | -149.30M | 70.90M | -22.00M | -307.50M |
Balance Sheet | ||||||
| Total Assets | 4.39B | 4.42B | 5.22B | 5.46B | 4.73B | 4.66B |
| Cash, Cash Equivalents and Short-Term Investments | 415.20M | 439.80M | 92.40M | 170.60M | 213.80M | 217.90M |
| Total Debt | 1.09B | 1.17B | 1.43B | 1.09B | 1.09B | 1.14B |
| Total Liabilities | 2.57B | 2.60B | 3.26B | 3.35B | 2.76B | 2.67B |
| Stockholders Equity | 1.83B | 1.83B | 1.97B | 2.12B | 1.97B | 1.98B |
Cash Flow | ||||||
| Free Cash Flow | 42.40M | -29.10M | -146.90M | 110.90M | 211.50M | 119.00M |
| Operating Cash Flow | 52.80M | 3.30M | -140.50M | 121.90M | 224.80M | 141.00M |
| Investing Cash Flow | -77.00M | 62.10M | 109.50M | 184.00M | 34.10M | 48.80M |
| Financing Cash Flow | -100.80M | 60.70M | 29.90M | -331.10M | -232.30M | -197.60M |
Indian Terrain Fashions Limited Technical Analysis
Neutral
34.70
Price Trends
31.77
Negative
33.44
Negative
35.13
Negative
Market Momentum
-0.14
Negative
55.72
Neutral
84.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDTERRAIN, the sentiment is Neutral. The current price of 34.7 is above the 20-day moving average (MA) of 28.99, above the 50-day MA of 31.77, and below the 200-day MA of 35.13, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 55.72 is Neutral, neither overbought nor oversold. The STOCH value of 84.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹53.08B | 4.93 | ― | 0.31% | 20.18% | 16.17% | |
62 Neutral | ₹70.83B | 20.98 | ― | ― | 65.91% | 139.39% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹45.17B | -25.69 | ― | ― | -12.59% | -328.41% | |
48 Neutral | ₹1.60B | 17.32 | ― | ― | -5.67% | 71.26% | |
46 Neutral | ₹2.38B | -3.18 | ― | ― | -11.18% | -22.17% |
* Consumer Cyclical Sector Average
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Indian Terrain Fashions Limited Corporate Events
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&...
Indian Terrain Publishes Notice on Special Window for Transfer and Demat of Physical Shares
Feb 8, 2026
Indian Terrain Fashions Limited has announced that it has published newspaper advertisements about the opening of a special window for the transfer and dematerialisation of physical securities, in line with a recent SEBI circular and stock exchang...
Indian Terrain Returns to Profit in Q3 FY26 on Margin Gains and Working Capital Efficiency
Feb 5, 2026
Indian Terrain Fashions Limited reported a solid set of Q3 FY 2025-26 results, underscoring clear progress in its turnaround with a return to profitability. Revenue from operations rose 4.7% year-on-year to ₹101.4 crore, while EBITDA more th...
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.
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