Confident Investing Starts With TipRanks Premium

Get 55% Off
TipRanks
Go Ultimate55% OFF

Indian Terrain Fashions Limited (INDTERRAIN) AI Stock Analysis

IN:INDTERRAIN

Indian Terrain Fashions Limited

(NSE:INDTERRAIN)

Select Model
Rating:45Neutral
Price Target:INR 30.00▲(3.81% Upside)
Action:reiterated
Date:09/17/26

The overall score reflects a business in early turnaround, with improving revenue, margins, and EBIT but still fragile profitability and cash generation, combined with an unattractive, highly stretched valuation and a cautious technical picture that shows weak long-term trend despite some short-term support.

Positive Factors
Revenue ReboundThe return to revenue growth indicates that demand and selling activity have improved after the prior-year contraction. If maintained, renewed top-line momentum can support better operating leverage, strengthen channel productivity, and provide a foundation for restoring sustainable profitability over the next several quarters.
Negative Factors
Recurring Net LossesPersistent net losses indicate that the recent operating recovery has not yet translated into durable shareholder returns. Continued losses can erode equity over time, restrict internally funded investment, and leave the business vulnerable if sales or margins weaken before profitability stabilizes.

Indian Terrain Fashions Limited (INDTERRAIN) vs. iShares MSCI India ETF (INDA)

-40%-30%-20%-10%0%10%IN:INDTERRAIN-26.63%INDA-11.66%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 1.48B
Dividend Yield
―
Average Volume (3M)
3,329
Price to Earnings (P/E)
308.9
Beta (1Y)
1.27
Revenue Growth
14.55%
EPS Growth
―
Country
India
Employees
263
Sector
General
Sector Strength
55
Industry
Apparel - Retail

Indian Terrain Fashions Limited Business Overview & Revenue Model

Company Description

Indian Terrain Fashions Limited engages in the retail of branded apparel in India. The company offers shirts, t-shirts, sweaters, jackets, denims, sweatshirts, shorts, trousers, jeans, and joggers. The company provides its products for men under the...

How the Company Makes Money

Indian Terrain Fashions Limited primarily makes money by designing, branding, and selling menswear products under its “Indian Terrain” label. Its revenue is generated from the sale of finished apparel through multiple channels: (1) offline sales via...

Indian Terrain Fashions Limited Financial Statement Overview

Summary

Financials show an early recovery with 6% revenue growth, better gross margins, and positive EBIT and free cash flow, but net income and cash conversion remain weak, keeping overall performance only moderately improved.

Income Statement

48Neutral

Balance Sheet

54Neutral

Cash Flow

41Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue3.91B3.78B3.41B4.56B5.01B3.36B
Gross Profit1.29B1.22B883.90M1.20B1.46B1.24B
EBITDA396.60M358.50M-21.10M339.90M551.90M341.80M
Net Income4.50M-49.10M-426.60M-149.30M70.90M-22.00M
Balance Sheet
Total Assets4.26B4.39B4.42B5.22B5.46B4.73B
Cash, Cash Equivalents and Short-Term Investments419.20M419.20M439.80M92.40M170.60M213.80M
Total Debt380.20M1.02B1.17B1.43B1.09B1.09B
Total Liabilities-1.84B2.55B2.60B3.26B3.35B2.76B
Stockholders Equity1.84B1.84B1.83B1.97B2.12B1.97B
Cash Flow
Free Cash Flow42.40M6.10M-29.10M-146.90M110.90M211.50M
Operating Cash Flow52.80M22.50M3.30M-140.50M121.90M224.80M
Investing Cash Flow-77.00M-88.60M62.10M109.50M184.00M34.10M
Financing Cash Flow-100.80M-62.00M60.70M29.90M-331.10M-232.30M

Indian Terrain Fashions Limited Technical Analysis

Technical Analysis SentimentNeutral
Last Price28.90

Price Trends

50DMA29.44Negative
100DMA30.44Negative
200DMA31.20Negative

Market Momentum

MACD-0.41Positive
RSI50.06Neutral
STOCH48.28Neutral

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 28.90 is above the 20-day moving average (MA) of 28.86, below the 50-day MA of 29.44, and below the 200-day MA of 31.20, indicating a neutral trend. The MACD of -0.41 indicates Positive momentum. The RSI at 50.06 is Neutral, neither overbought nor oversold. The STOCH value of 48.28 is Neutral, 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:INDTERRAIN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:KKCLIN:KKCL69NeutralINR 26.36B18.07―0.94%15.92%-3.02%
IN:MONTECARLOIN:MONTECARLO65NeutralINR 10.55B10.06―3.93%15.59%34.06%
IN:RAYMONDIN:RAYMOND56NeutralINR 73.26B126.31――-5.56%-99.13%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:INDTERRAININ:INDTERRAIN45NeutralINR 1.46B308.89――14.55%―
IN:ZODIACLOTHIN:ZODIACLOTH40UnderperformINR 1.76B-4.89――-11.34%7.18%
IN:ABFRLIN:ABFRL37UnderperformINR 47.08B-6.05――-27.21%-53.22%

* General Sector Average

Performance Comparison

-50%0%50%100%IN:INDTERRAININ:ABFRLIN:KKCLIN:MONTECARLOIN:RAYMONDIN:ZODIACLOTHDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:INDTERRAIN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:INDTERRAINIndian Terrain Fashions Limited28.90-11.79-28.98%
IN:ABFRLAditya Birla Fashion and Retail Limited38.72-45.46-54.00%
IN:KKCLKewal Kiran Clothing Limited427.75-85.74-16.70%
IN:MONTECARLOMonte Carlo Fashions Ltd.508.70-189.60-27.15%
IN:RAYMONDRaymond Limited1100.40528.4592.39%
IN:ZODIACLOTHZodiac Clothing Company Limited64.20-33.91-34.56%

Indian Terrain Fashions Limited Corporate Events

Indian Terrain Fashions Files Revised Q1 FY’27 Investor Presentation

Aug 1, 2026

Indian Terrain Fashions Limited has submitted a revised investor presentation detailing its unaudited standalone financial results for the quarter ended 30 June 2026. The updated materials have been filed with both BSE Limited and the National Stock...

Indian Terrain Posts Strong Q1 FY’27 Growth and Profitability Turnaround

Aug 1, 2026

Indian Terrain Fashions Limited, a branded apparel player in the Indian menswear and casual wear segment, reported strong first-quarter performance for FY 2026-27. The company benefits from a diversified omni-channel distribution network across exclu...

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.

Date of analysis: Sep 17, 2026