Thomas Scott (India) Limited (THOMASCOTT) AI Stock Analysis

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Thomas Scott (India) Limited

(NSE:THOMASCOTT)

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Rating:66Neutral

Price Target:INR 290.00▼(-5.24% Downside)

Action:reiterated

Date:10/02/26

The overall score is driven by strong revenue growth and profitability, supported by a solid balance sheet. However, the persistent negative operating cash flow is a significant concern that weighs on the financial health assessment. Positive technical momentum and a reasonable valuation provide additional support.

Positive Factors

Revenue GrowthRapid revenue expansion indicates stronger demand for the company’s branded men’s apparel and broader market reach. If maintained, this scale can support greater operating leverage, strengthen brand presence, and provide a durable base for future earnings growth.

Negative Factors

Persistent Negative Operating Cash FlowRepeated operating cash outflows despite positive earnings indicate that reported profitability is not yet converting reliably into cash. This weakens internal funding capacity, increases dependence on working-capital management or external capital, and could constrain growth if conditions soften.

Thomas Scott (India) Limited (THOMASCOTT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 4.26B
Dividend Yield: ―
Average Volume (3M): 4,141
Price to Earnings (P/E): 21.0
Beta (1Y): 1.10
Revenue Growth: 42.24%
EPS Growth: 31.44%
Country: India
Employees: 1,825
Sector: General
Sector Strength: 55
Industry: Apparel - Footwear & Accessories

Thomas Scott (India) Limited Business Overview & Revenue Model

Company Description

Thomas Scott (India) Limited manufactures and trades in textile and textile related products in India. The company offers men's formal and casual wear, as well as semi-formal wear, such as business casual shirts. It sells its products under the Hamme...

How the Company Makes Money

Thomas Scott (India) Limited primarily makes money by selling branded apparel under the Thomas Scott label. Its revenue is generated from the sale of garments through distribution/retail channels and, where applicable, online marketplaces/e-commerce....

Thomas Scott (India) Limited Financial Statement Overview

Summary

Strong income statement (score 85) and solid balance sheet (score 70) are significantly offset by persistent negative cash flows (score 35). The company shows impressive revenue growth and profitability, but the inability to convert earnings to cash is a major risk.

Income Statement

85Very Positive

Balance Sheet

70Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	2.67B	2.55B	1.61B	912.62M	627.89M	322.93M
Gross Profit	1.18B	1.06B	487.31M	283.97M	262.54M	95.09M
EBITDA	348.53M	323.09M	201.12M	129.03M	46.81M	14.17M
Net Income	211.37M	193.04M	127.98M	100.22M	28.79M	6.29M
Balance Sheet
Total Assets	0	2.38B	1.41B	689.16M	681.02M	454.48M
Cash, Cash Equivalents and Short-Term Investments	2.77M	2.77M	3.35M	4.13M	67.96M	31.69M
Total Debt	0	464.43M	134.78M	58.97M	250.57M	312.00K
Total Liabilities	-1.37B	1.00B	349.88M	182.22M	537.59M	351.95M
Stockholders Equity	1.37B	1.37B	1.06B	506.94M	143.43M	102.53M
Cash Flow
Free Cash Flow	-222.64M	-380.78M	-473.30M	-128.83M	-218.10M	19.06M
Operating Cash Flow	-200.45M	-294.23M	-413.03M	-83.98M	-184.22M	31.28M
Investing Cash Flow	-22.34M	-76.33M	-59.37M	20.64M	-31.85M	-11.28M
Financing Cash Flow	223.11M	370.24M	471.20M	64.84M	252.34M	10.02M

Thomas Scott (India) Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price306.05

Price Trends

50DMA266.97Positive

100DMA289.02Positive

200DMA284.84Positive

Market Momentum

MACD7.35Negative

RSI66.61Neutral

STOCH67.47Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:THOMASCOTT, the sentiment is Positive. The current price of 306.05 is above the 20-day moving average (MA) of 283.48, above the 50-day MA of 266.97, and above the 200-day MA of 284.84, indicating a bullish trend. The MACD of 7.35 indicates Negative momentum. The RSI at 66.61 is Neutral, neither overbought nor oversold. The STOCH value of 67.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:THOMASCOTT.

Thomas Scott (India) Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:THOMASCOTT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:ORBTEXP	72Outperform	INR 6.13B	12.75	―	0.21%	15.50%	30.28%
IN:THOMASCOTT	66Neutral	INR 4.45B	21.04	―	―	42.24%	31.44%
IN:NDL	57Neutral	INR 3.68B	9.44	―	―	-40.38%	2.36%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:GINNIFILA	53Neutral	INR 3.49B	9.89	―	―	-5.78%	38.45%
IN:BANSWRAS	52Neutral	INR 3.50B	9.26	―	0.97%	3.51%	74.16%
IN:ASHIMASYN	42Neutral	INR 2.76B	-10.10	―	―	185.63%	-47.76%

* General Sector Average

Performance Comparison

IN:THOMASCOTT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:THOMASCOTT	Thomas Scott (India) Limited	306.05	-113.35	-27.03%
IN:ASHIMASYN	Ashima Limited	14.65	-5.36	-26.79%
IN:BANSWRAS	Banswara Syntex Ltd	102.36	-18.21	-15.10%
IN:GINNIFILA	Ginni Filaments Limited.	39.83	-1.80	-4.32%
IN:NDL	Nandan Denim Limited	2.55	-0.66	-20.56%
IN:ORBTEXP	Orbit Exports Ltd	237.75	28.19	13.45%

Thomas Scott (India) Limited Corporate Events

Thomas Scott (India) Limited posts Q1 FY 2026-27 earnings call recording for investors

Aug 17, 2026

Thomas Scott (India) Limited has notified the stock exchanges that the audio recording of its Q1 and FY 2026-27 earnings call held on August 17, 2026 is now available on the company’s website. By formally hosting and disclosing access to the call rec...

Thomas Scott (India) Publishes Q1 FY27 Unaudited Results in Newspapers

Aug 16, 2026

Thomas Scott (India) Limited is an Indian listed company whose stock trades on BSE and NSE under the symbol THOMASCOTT, operating under SEBI’s disclosure and listing framework for public companies. Its regulatory environment obliges it to release una...

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: Oct 02, 2026

Thomas Scott (India) Limited AI Stock Analysis