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Thomas Scott (India) Limited
(THOMASCOTT)
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Rating:53Neutral
Price Target:
₹250.00
▼(-18.77% Downside)
Action:Reiterated
Date:08/19/26
The score is held back primarily by weak cash-flow quality (negative operating and free cash flow for multiple years) and increased leverage risk in 2026, despite strong revenue growth and improved gross profitability. Technicals are also weak with the stock trading below key moving averages, while valuation appears roughly mid-range based on the P/E.
Positive Factors
Strong Revenue Growth
Rapid revenue expansion indicates stronger demand for the Thomas Scott apparel offering and continued business scaling. If maintained, this growth can broaden distribution, improve operating leverage, and reinforce the brand’s position in men’s fashion over the next several quarters.
Negative Factors
Persistent Negative Operating Cash Flow
Repeated operating cash outflows despite positive earnings indicate that reported profitability is not yet translating into internally generated cash. Persistent weak conversion can constrain reinvestment, increase dependence on financing, and make the business more vulnerable if growth moderates.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates stronger demand for the Thomas Scott apparel offering and continued business scaling. If maintained, this growth can broaden distribution, improve operating leverage, and reinforce the brand’s position in men’s fashion over the next several quarters.
Read all positive factors
Thomas Scott (India) Limited (THOMASCOTT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.68B
Dividend YieldN/A
Average Volume (3M)5.47K
Price to Earnings (P/E)16.8
Beta (1Y)1.60
Revenue Growth42.24%
EPS Growth31.44%
CountryIN
Employees979
SectorGeneral
Sector StrengthN/A
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)13.32
Shares Outstanding14,670,380
10 Day Avg. Volume2,600
30 Day Avg. Volume5,471
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)2.48
Price to Sales (P/S)1.34
P/FCF Ratio-8.94
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
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 Ha...
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-commer...
Thomas Scott (India) Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
68
Positive
Cash Flow
33
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.55B | 1.61B | 912.62M | 627.89M | 322.93M |
| Gross Profit | 1.06B | 487.31M | 283.97M | 262.54M | 95.09M |
| EBITDA | 323.09M | 201.12M | 129.03M | 46.81M | 14.17M |
| Net Income | 193.04M | 127.98M | 100.22M | 28.79M | 6.29M |
Balance Sheet | |||||
| Total Assets | 2.38B | 1.41B | 689.16M | 681.02M | 454.48M |
| Cash, Cash Equivalents and Short-Term Investments | 2.77M | 3.35M | 4.13M | 67.96M | 31.69M |
| Total Debt | 464.43M | 134.78M | 58.97M | 250.57M | 312.00K |
| Total Liabilities | 1.00B | 349.88M | 182.22M | 537.59M | 351.95M |
| Stockholders Equity | 1.37B | 1.06B | 506.94M | 143.43M | 102.53M |
Cash Flow | |||||
| Free Cash Flow | -380.78M | -473.30M | -128.83M | -218.10M | 19.06M |
| Operating Cash Flow | -294.23M | -413.03M | -83.98M | -184.22M | 31.28M |
| Investing Cash Flow | -76.33M | -59.37M | 20.64M | -31.85M | -11.28M |
| Financing Cash Flow | 370.24M | 471.20M | 64.84M | 252.34M | 10.02M |
Thomas Scott (India) Limited Technical Analysis
Negative
307.75
Price Trends
299.90
Negative
289.69
Negative
300.21
Negative
Market Momentum
-14.56
Positive
29.95
Positive
8.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:THOMASCOTT, the sentiment is Negative. The current price of 307.75 is above the 20-day moving average (MA) of 276.73, above the 50-day MA of 299.90, and above the 200-day MA of 300.21, indicating a bearish trend. The MACD of -14.56 indicates Positive momentum. The RSI at 29.95 is Positive, neither overbought nor oversold. The STOCH value of 8.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:THOMASCOTT.
Thomas Scott (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹6.19B | 14.89 | ― | 0.21% | 3.90% | -4.63% | |
73 Outperform | ₹3.68B | 9.93 | ― | ― | -6.94% | 140.06% | |
69 Neutral | ₹4.27B | 11.13 | ― | 17.01% | -36.83% | -1.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.68B | 16.80 | ― | ― | 42.24% | 31.44% | |
50 Neutral | ₹3.91B | 10.44 | ― | 0.88% | 2.91% | 89.10% | |
47 Neutral | ₹3.31B | -20.83 | ― | ― | 107.63% | 30.42% |
* General Sector Average
IN:THOMASCOTT
Thomas Scott (India) Limited
246.05
-83.75
-25.39%
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0.24%
IN:NDL
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54.15
28.83%
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...
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 re...
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.