TRUECOLORS
TRUE COLORS financials
- Market cap
- ₹448 Cr
Quarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 93 | 141 | 151 | 150 |
| EBITDA | 7 | 33 | 23 | 24 |
| Net profit | 3 | 22 | 15 | 16 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −18.6% 1Y
1Y: ₹183.05 on 30 Sept 2025 → ₹149. High ₹267.9 (20 Nov 2025), low ₹126.9 (17 Mar 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹25 Cr | ₹25 Cr |
| Reserves | ₹0 Cr | ₹6 Cr | ₹14 Cr | ₹173 Cr | ₹162 Cr |
| Borrowings | ₹0 Cr | ₹20 Cr | ₹57 Cr | ₹73 Cr | ₹46 Cr |
| Other liabilities | ₹10 Cr | ₹19 Cr | ₹35 Cr | ₹66 Cr | ₹54 Cr |
| Total liabilities | ₹11 Cr | ₹46 Cr | ₹106 Cr | ₹336 Cr | ₹287 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹40 Cr | ₹51 Cr | ₹80 Cr |
| Capital work in progress | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹16 Cr | ₹2 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹27 Cr |
| Other assets | ₹11 Cr | ₹44 Cr | ₹66 Cr | ₹268 Cr | ₹178 Cr |
| Total assets | ₹11 Cr | ₹46 Cr | ₹106 Cr | ₹336 Cr | ₹287 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Sep 2025, the public added +3.65 pp while DIIs trimmed −2.15 pp. The shareholder count shrank 36% to 1,591.
- Promoters
- 68.9%
- FIIs
- 0.8%
- DIIs
- 8.7%
- Public
- 21.7%
Since Sep 2025
- Public +3.65 pp
- DIIs −2.15 pp
- FIIs −1.53 pp
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Mukul Mahavir Agrawal newly disclosed 1.62% held
- Shalu Aggarwal newly disclosed 1.46% held
- Niveshaay Hedgehogs Fund AIF +1.02 pp 3.58% held
- Finavenue Capital Trust - Finavenue Growth Fund AIF +0.67 pp 2.00% held
- Hetalben Lalabhai Desai newly disclosed 0.01% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of TRUE COLORS LIMITED above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Satishkumar Jayantibhai Panchani | 17.17% | unchanged |
| Ashishkumar Durlbhbhai Mulani | 17.15% | unchanged |
| Sanjay Raghubhai Desai | 17.15% | unchanged |
| Sagarkumar Bipinbhai Mulani | 17.15% | unchanged |
| Niveshaay Hedgehogs Fund AIF | 3.58% | +1.02 pp |
| Finavenue Capital Trust - Finavenue Growth Fund AIF | 2.00% | +0.67 pp |
| Mukul Mahavir Agrawal | 1.62% | newly disclosed |
| Shalu Aggarwal | 1.46% | newly disclosed |
| Paresh Raghubhai Desai | 0.21% | unchanged |
| Komal Sanjay Desai | 0.02% | unchanged |
| Bhavikaben Sagarkumar Mulani | 0.02% | unchanged |
| Dakshaben Ashishkumar Mulani | 0.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse TRUE COLORS LIMITED
Guides on how to read this kind of business and the numbers that matter.