TCNS Clothing Co. (Delisted) share price

BSE: 541700Textiles & Apparels

TCNS Clothing Co. Limited · Face value ₹2 · Listed Jul 2018 · Issue price ₹716

Last traded ₹583.95 on 2 Sep 2024

Delisted on 15 Oct 2024.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Sep 2024
- 1 Sep · Business
  Effective date for Scheme of Amalgamation among TCNS and ABFRL
- 1 Sep · Updates
  TCNS Clothing Co. Limited has informed the Exchange regarding 'Effective date of Scheme of Amalgamation (by way of Merger by Absorption) among TCNS Clothing Co. Limited and Aditya Birla Fashion and Retail Limited and their respective shareholders and creditors'.
Aug 2024
- 27 Aug · Suspension of Trading
  Members of the Exchange are hereby informed that the trading in equity shares of TCNS Clothing Co. Limited shall be suspended w.e.f. September 03, 2024 (i.e., closing hours of trading on September 02, 2024) on account of the Scheme of Amalgamation.
- 24 Aug · Meeting
  TCNS Clothing Co. Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on August 24, 2024. Further, the company has informed the Exchange regarding voting results.
- 24 Aug · Meeting
  Scrutinizer's Report for the EGM held today
- 24 Aug · Meeting
  TCNS Clothing Co. Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 24, 2024

Q1 results, quarter to Jun 2024

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue: ₹206 Cr−15.5% on a year ago · −2.4% on the quarter before
Operating profit: −₹40 Cr
Net profit: −₹60 Cr
Earnings per share: −₹9.42
Operating margin: −19.3%
Net margin: −29.0%

From revenue to net profit, ₹ crore

Revenue206
Materials and goods−85
Employee costs−42
Other expenses−119
Operating profit−40
Depreciation−27
Other income+3.6
Finance costs−16
Profit before tax−80
Tax+20
Net profit−60

TCNS Clothing Co. results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2024. Results for the quarter to Sep 2024 were due by 14 Nov 2024, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹351 Cr, quarter to Sep 2022; lowest ₹206 Cr, quarter to Jun 2024A loss in 7 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2019	Dec 2019Q3	Mar 2020	Jun 2020Q1Filed 18 Aug	Sep 2020	Dec 2020Q3Filed 5 Feb	Mar 2021	Jun 2021Q1	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1
Revenue from operations	321	329	219	32	144	238	221	94	239	329	234	276	351	306	269	244	226	278	211	206
	256	261	224	75	160	199	198	117	209	265	215	245	304	266	260	254	353	288	249	246
Materials and goods bought	112	106	92	16	70	93	94	41	89	106	73	86	115	97	103	91	111	83	80	85
Employee costs	41	42	38	33	31	26	32	31	36	42	41	47	48	46	47	49	49	50	46	42
Other expenses	103	114	93	26	60	81	72	45	84	117	101	112	142	124	110	115	193	155	123	119
Operating profit before depreciation	65	68	−5	−43	−16	38	23	−23	30	63	20	31	46	40	8	−10	−127	−10	−38	−40
Operating margin	20.3%	20.6%	−2.2%	−131.7%	−11.3%	16.2%	10.4%	−24.9%	12.6%	19.2%	8.4%	11.3%	13.2%	13.0%	3.2%	−4.2%	−56.4%	−3.5%	−17.8%	−19.3%
Depreciation and amortisation	24	25	31	25	22	19	25	21	22	23	29	26	27	29	39	29	33	31	31	27
Other income	3	7	9	17	9	5	18	3	15	5	12	7	2	4	4	5	2	2	4	4
Finance costs	10	10	10	9	9	7	11	8	9	9	11	10	11	13	18	14	19	18	20	16
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	34	40	−36	−60	−38	17	5	−49	14	35	−8	3	10	1	−45	−49	−177	−57	−84	−80
	17	−15	−13	−15	−11	4	1	−13	3	10	−2	0	2	0	−16	−12	−41	−5	−21	−20
Current tax	7	−13	−9	0	0	0	0	0	0	0	0	1	0	0	−7	0	0	0	0	0
Deferred tax	10	−2	−3	−15	−11	4	1	−13	3	10	−2	−1	2	0	−10	−12	−41	−5	−21	−20
Tax rate	48.5%	−36.6%	–	–	–	25.2%	17.4%	–	21.5%	29.0%	–	6.0%	24.1%	29.8%	–	–	–	–	–	–
Net profit	18	55	−24	−45	−28	13	4	−36	11	25	−6	2	8	1	−28	−37	−136	−52	−64	−60
Other comprehensive income	−1	0	0	0	1	0	1	0	0	0	1	0	1	0	−1	0	0	0	0	1
Total comprehensive income	17	55	−24	−46	−27	13	4	−36	11	25	−5	3	8	1	−29	−37	−136	−52	−64	−59
Net margin	5.5%	16.7%	−10.8%	−139.8%	−19.1%	5.3%	1.8%	−38.4%	4.6%	7.6%	−2.5%	0.9%	2.2%	0.2%	−10.5%	−15.2%	−60.4%	−18.5%	−30.1%	−29.0%
Earnings per share	₹2.88	₹8.60	−₹3.71	−₹7.12	−₹4.16	₹2.12	₹0.61	–	₹1.74	₹3.93	−₹0.91	₹0.38	₹1.20	₹0.08	−₹4.40	−₹5.87	−₹21.45	−₹8.03	−₹10.07	−₹9.42
Diluted earnings per share	₹2.79	₹8.35	−₹3.71	−₹7.12	−₹4.16	₹2.12	₹0.60	–	₹1.70	₹3.85	−₹0.91	₹0.37	₹1.17	₹0.08	−₹4.40	−₹5.87	−₹21.45	−₹8.03	−₹10.07	−₹9.42

Earnings per share in rupees, restated for later splits and bonuses.

6 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹1,202 Cr, year to Mar 2023; lowest ₹636 Cr, year to Mar 2021A loss in 4 of the 6 years shown

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2024

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue960
Materials and goods−337
Employee costs−194
Other expenses−613
Operating profit−185
Depreciation−125
Other income+13
One-off items0.0
Finance costs−71
Profit before tax−367
Tax+79
Net profit−289

What the company owns

Plant, investments and other assets₹765 Cr
Inventory₹370 Cr
Receivables₹147 Cr
Cash and bank₹2 Cr

What pays for it: net worth and liabilities

Other liabilities₹588 Cr
Net worth₹303 Cr
Owed to suppliers₹264 Cr
Borrowings₹129 Cr

Profit and loss

Standalone, ₹ crore, years to March. The last column is the twelve months to Jun 2024, the latest four quarters added.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024Twelve months
Revenue from operations	1,148	1,149	636	896	1,202	960	922
	971	962	633	806	1,076	1,144	1,136
Materials and goods bought	390	402	272	310	400	337	358
Employee costs	144	158	121	150	187	194	187
Other expenses	437	402	239	347	489	613	590
Operating profit before depreciation	177	186	2	90	126	−185	−214
Operating margin	15.4%	16.2%	0.4%	10.0%	10.5%	−19.3%	−23.3%
Materials, % of revenue	34.0%	35.0%	42.9%	34.5%	33.3%	35.2%	38.9%
Employee costs, % of revenue	12.5%	13.7%	19.1%	16.8%	15.5%	20.2%	20.3%
Other expenses, % of revenue	38.1%	35.0%	37.7%	38.7%	40.7%	63.9%	64.1%
Depreciation and amortisation	22	103	92	94	121	125	122
Operating profit after depreciation	155	83	−89	−5	5	−310	−337
Other income	8	21	49	35	16	13	12
Finance costs	1	38	36	37	52	71	73
One-off items	0	0	0	0	0	0	0
Profit before tax	162	66	−77	−7	−31	−367	−398
	30	−3	−21	−1	−14	−79	−86
Current tax	35	−6	0	0	−6	0	0
Deferred tax	−5	3	−21	−1	−8	−79	−86
Net profit	131	69	−56	−6	−18	−289	−311
Other comprehensive income	0	−1	2	1	1	0	0
Total comprehensive income	132	68	−55	−5	−17	−289	−311
Net margin	11.4%	6.0%	−8.9%	−0.6%	−1.5%	−30.1%	−33.8%

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	619	660	612	620	612	303
Share capital	12	12	12	12	12	13
Reserves	606	648	600	608	599	291
Borrowings	0	0	5	0	40	129
	153	219	181	275	428	563
Trade payables	115	122	91	172	260	264
Other financial liabilities	8	70	69	86	96	115
Other liabilities	24	20	10	13	32	52
Provisions	0	0	0	0	1	3
Tax owed	6	6	4	4	0	0
	14	319	281	366	447	418
Other financial liabilities	7	306	264	11	7	4
Other liabilities	0	0	5	341	424	397
Provisions	8	12	12	14	16	17
Total assets	786	1,198	1,074	1,261	1,486	1,285
	147	485	415	530	648	674
Plant in use, after depreciation	54	40	31	44	68	57
Plant being built	0	2	1	2	0	0
Intangible assets	6	4	271	360	452	415
Other financial assets	64	48	44	51	57	52
Deferred tax	16	35	55	56	63	142
Other assets	8	357	13	18	8	7
	639	712	659	731	839	611
Inventories	274	330	278	361	494	370
Trade receivables	181	176	165	174	258	147
Cash and cash equivalents	22	53	15	10	23	2
Other bank balances	2	0	0	0	0	0
Current investments	138	118	172	146	2	0
Other financial assets	0	4	0	0	0	0
Other assets	23	32	29	40	61	91
Net debt	−161	−171	−182	−156	14	127

Borrowings are counted again inside the liabilities due within a year and after a year.

Cash flow

Standalone, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	113	104	0	47
	80	104	−7	48
	21	−22	−149	217
Receivables	3	−12	−84	34
Inventories	52	−83	−133	144
Payables	−31	80	88	4
Other working capital	−4	−8	−19	34
Tax paid	34	−1	7	0
Capital spending	10	30	41	19
Free cash flow	103	74	−41	28
	−56	2	109	−15
Plant and property sold	0	1	3	1
Interest received	6	3	0	0
	−96	−109	−96	−53
Borrowings raised	5	−5	40	89
Interest paid	−3	−1	−7	−71
Lease payments	0	0	0	−89
Dividends paid	0	0	0	0
Shares bought back	0	0	0	0
Shares issued	0	3	3	18
Net change in cash	−38	−4	12	−21

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.

₹ per share	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings per share	₹20.95	₹10.85	−₹8.85	−₹0.90	−₹2.75	−₹45.68
Diluted earnings per share	₹20.60	₹10.84	−₹8.85	−₹0.90	−₹2.75	−₹45.68
Book value per share	₹100.87	₹107.36	₹99.47	₹100.60	₹99.10	₹47.94
Shareholder yield	–	–	0.0%	−0.1%	−0.1%	−0.8%
Market cap at the year end (₹ crore)	5,031	2,020	3,117	4,719	2,598	2,162

Ratios

Standalone, years to March.

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Revenue growth	–	0.1%	−44.7%	41.0%	34.1%	−20.1%
Operating profit growth	–	5.3%	−98.7%	3,573.9%	40.1%	–
Net profit growth	–	−47.2%	–	–	–	–
Earnings per share growth	–	−48.2%	–	–	–	–
	21.2%	10.9%	−8.9%	−0.9%	−2.8%	−63.1%
	–	−10.4 pts	−19.7 pts	7.9 pts	−1.9 pts	−60.2 pts
From the net margin	–	−10.0 pts	−26.8 pts	8.2 pts	−1.2 pts	−55.8 pts
From asset turnover	–	−2.3 pts	8.2 pts	−0.2 pts	−0.3 pts	12.2 pts
From borrowing	–	2.0 pts	−1.2 pts	−0.1 pts	−0.4 pts	−16.6 pts
Return on capital employed	25.0%	12.6%	−14.5%	−0.8%	0.7%	−71.6%
Interest cover	300.8	2.2	–	–	0.1	–
Debt to equity	0.00	0.00	0.01	0.00	0.06	0.42
Receivable days	57	56	95	71	78	56
Inventory days	257	300	373	426	451	401
Payable days	108	111	122	202	237	286
Cash conversion cycle, days	206	244	345	294	292	171
Working capital days	103	102	170	122	129	66
Asset turnover	1.46	1.16	0.56	0.77	0.87	0.69
Assets per rupee of net worth	1.27	1.55	1.79	1.90	2.23	3.03
Sales per rupee of plant	21.42	28.91	20.67	20.57	17.74	16.77
Capital spending to depreciation	–	–	0.11	0.32	0.34	0.15
Plant being built, % of plant in use	0.5%	5.3%	1.7%	3.7%	0.2%	0.3%

Interest cover is left blank for the years to Mar 2021, Mar 2022 and Mar 2024: operating profit after depreciation is a loss, and a loss covers no interest bill.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2024.

Return on assets, latest year: −20.8%

Measure	5 years	3 years
Revenue growth, yearly rate	−3.5%	14.7%
Return on equity, average	−13.0%	−22.3%
Return on capital employed, average	−14.7%	−23.9%
Operating margin, average	3.6%	0.4%
Net margin, average	−7.0%	−10.7%
Asset turnover, average	0.81	0.78
Cash conversion cycle, days, average	269	252
Debt to equity, average	0.10	0.16

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2024.

₹ crore	3 years	Latest year
Cash from operations	151	47
Cash from investing	95	−15
Cash from financing	−259	−53
Capital spending	89	19
Dividends paid	0	0
Shares bought back	0	0
Shares issued for cash	23	18
Borrowings raised	–	89
Borrowings repaid	0	0

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	3	5	3	2
Altman Z-scorePublished threshold 1.81	22.01	4.75	5.83	6.32	3.53	1.67
Beneish M-scorePublished threshold −1.78	–	–	−2.94	−2.86	−2.28	−4.36
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	−10.05	−9.50	−9.18	−23.15
Receivables growth less revenue growthOur threshold 0 percentage points	–	−2.89	38.53	−35.55	14.48	−22.99
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	17.29	16.51	16.14	7.60	−9.32
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	1.07	−0.95	1.21	1.76	3.16
Assets under construction, years of additionsOur threshold 2 years of additions	–	0.02	0.01	0.02	0.00	0.00
Effective tax ratePublished threshold 17.16 per cent	18.68	−5.07	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2024 the company reports one business segment, Operating segment, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2024, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	−18.7%	–	–	0.0%
3 years	−12.3%	–	–	0.0%
5 years	−16.1%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Who owns TCNS Clothing Co., filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Jun 2024.

Jun 2024 filing

Promoters52.01%
Foreign institutions4.46%
Indian institutions2.14%
Individuals and others41.39%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	32.30%	32.28%	32.26%	32.25%	32.25%	32.21%	32.20%	31.47%	61.05%	52.06%	52.01%	52.01%
Indian promoters	32.30%	32.28%	32.26%	32.25%	32.25%	32.21%	32.20%	31.47%	61.05%	52.06%	52.01%	52.01%
	67.69%	67.72%	67.74%	67.75%	67.75%	67.79%	67.80%	68.53%	38.95%	47.94%	47.99%	47.99%
	–	–	–	–	16.82%	16.85%	16.68%	12.20%	5.32%	5.03%	4.57%	4.46%
Foreign portfolio investors, category I	–	–	–	–	16.82%	16.61%	16.45%	11.98%	5.20%	4.91%	4.45%	4.46%
Foreign portfolio investors, category II	–	–	–	–	0.00%	0.23%	0.23%	0.22%	0.12%	0.12%	0.12%	0.00%
	–	–	–	–	5.02%	4.50%	3.66%	4.95%	2.53%	1.76%	1.75%	2.14%
Mutual funds	3.50%	3.92%	4.47%	4.47%	3.31%	3.03%	2.61%	2.22%	1.25%	1.22%	1.24%	1.63%
Insurance companies	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.33%	0.00%	0.00%	0.00%	0.00%
Alternative investment funds	2.62%	2.66%	2.76%	2.68%	1.71%	1.47%	1.05%	2.39%	1.28%	0.53%	0.51%	0.52%
Non-bank lenders registered with RBI	–	–	–	–	0.00%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	0.00%	0.00%
	–	–	–	–	45.91%	46.45%	47.46%	51.38%	31.10%	41.15%	41.67%	41.39%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	3.74%	4.22%	4.39%	4.38%	5.28%	4.89%	5.35%	5.02%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	5.06%	5.06%	5.06%	5.43%	2.40%	11.70%	11.75%	12.36%
Companies	–	–	–	–	30.06%	30.14%	30.97%	32.55%	18.17%	19.35%	19.36%	18.68%
Non-resident Indians	–	–	–	–	0.27%	0.27%	0.19%	0.11%	0.21%	0.14%	0.08%	0.07%
Directors and their relatives	–	–	–	–	5.85%	5.84%	5.84%	7.95%	4.38%	4.38%	4.38%	4.38%
Key managers	–	–	–	–	0.78%	0.78%	0.78%	0.76%	0.42%	0.42%	0.42%	0.42%
	–	–	–	–	0.16%	0.14%	0.22%	0.20%	0.23%	0.28%	0.33%	0.46%
Trusts	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing Members	–	–	–	–	0.03%	0.01%	0.07%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.02%
Hindu undivided families	–	–	–	–	0.13%	0.13%	0.15%	0.20%	0.23%	0.28%	0.33%	0.43%
Shares in issue	6,15,39,249	6,15,76,524	6,16,12,674	6,16,29,549	6,16,29,549	6,17,18,168	6,17,23,668	6,31,60,918	6,32,10,918	6,32,10,918	6,32,73,418	6,32,78,418

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of TCNS Clothing Co. shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
All shareholders	15,265	16,076	16,246	18,894	19,438	20,480	20,463	22,168	25,024	23,064	23,429	18,041
	4	4	4	4	4	4	4	4	4	1	1	1
Indian promoters	4	4	4	4	4	4	4	4	4	1	1	1
	15,261	16,072	16,242	18,890	19,434	20,476	20,459	22,164	25,020	23,063	23,428	18,040
	–	–	–	–	27	27	23	21	21	20	17	18
Foreign portfolio investors, category I	–	–	–	–	27	25	22	20	20	19	16	18
Foreign portfolio investors, category II	–	–	–	–	0	2	1	1	1	1	1	0
	–	–	–	–	13	13	12	15	17	10	8	11
Mutual funds	6	6	6	6	6	6	7	7	7	3	3	4
Insurance companies	0	0	0	0	0	0	0	2	0	0	0	0
Alternative investment funds	10	9	10	10	7	7	5	6	9	6	5	7
Non-bank lenders registered with RBI	–	–	–	–	0	0	0	0	1	1	0	0
	–	–	–	–	19,394	20,436	20,424	22,128	24,982	23,033	23,403	18,011
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	18,206	19,246	19,253	20,965	23,800	21,884	22,295	16,962
Resident individuals, over ₹2 lakh at face value	–	–	–	–	7	7	7	9	4	8	8	10
Companies	–	–	–	–	148	155	162	179	156	192	189	243
Non-resident Indians	–	–	–	–	477	469	452	404	408	384	367	331
Directors and their relatives	–	–	–	–	1	1	1	1	1	1	1	1
Key managers	–	–	–	–	2	2	2	2	2	2	1	1
	–	–	–	–	553	556	547	568	611	562	542	463
Trusts	–	–	–	–	1	1	1	2	2	1	1	1
Clearing Members	–	–	–	–	38	28	24	1	3	1	2	3
Hindu undivided families	–	–	–	–	514	527	522	565	606	560	539	459

TCNS Clothing Co. promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Jun 2024; the largest is ADITYA BIRLA FASHION AND RETAIL LIMITED, 52.01%.

Holder
ADITYA BIRLA FASHION AND RETAIL LIMITEDIndian companies, trusts and others	52.01%	3,29,08,325	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of TCNS Clothing Co., filing by filing

Per cent, on the same shares as the split above.

Holder	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
TA FDI INVESTORS LIMITEDCompanies	–	–	–	–	–	–	–	–	15.73%	15.73%	15.71%	7.02%
ONKAR SINGH PASRICHAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	4.54%	4.53%	4.53%
ANANT KUMAR DAGADirectors and their relatives	5.86%	5.85%	5.85%	5.85%	5.85%	5.84%	5.84%	7.95%	4.38%	4.38%	4.38%	4.38%
ARVINDER SINGH PASRICHAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	3.75%	3.75%	3.75%
MORGAN STANLEY ASIA (SINGAPORE) PTE.Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	2.00%	2.00%	2.16%	2.71%
RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	2.17%
PASHUPATI CAPTIAL SERVICES PVT LTDCompanies	–	–	–	–	–	–	–	–	–	–	–	1.72%
KHAZANA TRADELINKS PVT LTDCompanies	–	–	–	–	–	–	–	–	–	–	–	1.56%
JAINAM BROKING LIMITEDCompanies	–	–	–	–	–	–	–	–	–	–	–	1.32%
VIJAY KUMAR MISRAResident individuals, over ₹2 lakh at face value	2.64%	2.58%	2.55%	2.47%	2.47%	2.46%	2.46%	2.25%	–	1.25%	1.25%	1.25%
GLOBE CAPITAL MARKET LIMITEDCompanies	–	–	–	–	–	–	–	–	–	1.06%	1.39%	1.10%
WAGNER LIMITEDCompanies	29.28%	29.26%	29.25%	29.24%	29.24%	29.20%	29.19%	28.53%	–	–	–	–
NALANDA INDIA EQUITY FUND LIMITEDForeign portfolio investors, category I	7.02%	7.02%	7.01%	7.01%	7.01%	7.00%	7.00%	6.84%	–	–	–	–
ELEVATION CAPITAL VI FII HOLDINGS LIMITEDForeign portfolio investors, category I	5.39%	5.39%	5.38%	5.38%	5.38%	5.37%	5.37%	2.05%	–	–	–	–
PROVINCIAL FINANCE AND LEASING COMPANY PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	1.65%	–	–	–	–
ALPHA ALTERNATIVES MSAR LLPAlternative investment funds	–	–	–	–	–	–	–	1.61%	–	–	–	–
STEINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITEDForeign portfolio investors, category I	2.32%	–	–	1.46%	–	1.46%	1.46%	1.38%	–	–	–	–
VIJAY KUMAR THADANIResident individuals, over ₹2 lakh at face value	1.22%	1.22%	1.22%	1.22%	1.22%	1.22%	1.22%	1.19%	–	–	–	–
AUBURN LIMITEDForeign portfolio investors, category I	1.60%	1.60%	1.60%	1.60%	1.60%	1.60%	1.60%	–	–	–	–	–
STEINBERG INDIA EMERGING OPPORTUNITIES FUND LIMITEForeign portfolio investors, category I	–	2.03%	1.70%	–	1.46%	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Jun 2024 filing

Against the Mar 2024 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: MORGAN STANLEY ASIA (SINGAPORE) PTE. 2.71%, +0.55 pts
Individuals and others: TA FDI INVESTORS LIMITED 7.02%, −8.69 pts; RAJASTHAN GLOBAL SECURITIES PRIVATE LIMITED newly named at 2.17%; PASHUPATI CAPTIAL SERVICES PVT LTD newly named at 1.72%; 3 more moved

TCNS Clothing Co. share price by year

Each calendar year to 2024.

Year	Close at year end	Change	Highest close	Lowest close
2024	583.95	+55.5%	608.15	333.95
2023	375.50	−28.4%	536.50	350.90
2022	524.40	−32.9%	863.85	499.60
2021	781.50	+74.9%	910.90	396.55
2020	446.75	−28.0%	611.55	319.70
2019	620.90	−8.0%	847.20	590.25
2018	675.00	–	721.15	552.35

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2018 is from its first session, 30 Jul 2018. The 2024 close is its last trade, on 2 Sep 2024.

Recent sessions

The 10 trading days to 2 Sep 2024, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
2 Sep 2024	579.65	589.00	562.45	583.95	574.96	16,40,199
30 Aug 2024	574.00	581.50	568.40	571.15	577.76	6,27,168
29 Aug 2024	583.90	583.90	565.25	573.05	570.60	16,53,510
28 Aug 2024	577.10	585.95	567.75	573.15	575.86	82,53,964
27 Aug 2024	574.90	581.40	570.75	575.75	575.02	68,024
26 Aug 2024	571.90	582.95	564.15	574.35	572.63	1,83,604
23 Aug 2024	560.45	574.45	558.85	570.75	566.73	1,16,624
22 Aug 2024	568.90	569.90	557.55	560.45	564.53	35,024
21 Aug 2024	576.80	576.80	564.30	566.80	568.99	14,726
20 Aug 2024	569.90	576.00	560.00	572.85	568.28	1,00,084

Prices in ₹ per share as traded, not adjusted.

Company details

BSE code: 541700
ISIN: INE778U01029
Industry: Textiles & Apparels
Former symbols: TCNSBRANDS
Website: www.wforwoman.com
CIN: L99999MH1997PLC417265; Corporate identity number, the registrar of companies' code for it
Incorporated: 1997
Registered office: Piramal Agastya Corporate Park, Building A, Unit No 401, 403, 501, 502, 4th and 5th Floor, L B S Road, Kurla, Mumbai 400070, Maharashtra
Share registrar: KFin Technologies Ltd; Keeps the register of shareholders and handles transfers and dividend payments