Thomas Scott (India) Ltd
Introduction
Thomas scott India limited is a company for men’s apparel founded in 2010. It is a premium men’s fashion brand that designs, manufactures and makes sustainable and ethical, high quality products in all pricing.
It is a planet conscious company.
Company Overview
The company was incorporated in 22 october, 2010, it is based in mumbai, india.
Thomas Scott (India) Limited is a Mumbai-based apparel manufacturer and retailer specializing in premium men's formal and casual wear, operating under brands including Thomas Scott, Hammersmith, Bang & Scott, and Italian Gold.
Promotor and Founder Introduction
Thomas Scott (India) Limited is a Mumbai-based textile
and apparel company founded in 2010 by
Brojgopal balaram bang, who serves as
the Promoter and Managing Director.
The company, originally a subsidiary of
Bang Overseas Ltd., focuses on branded menswear
and operates as a vertically integrated,
technology-enabled retailer.
Financial Statement Analysis
Income statement
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Sales | 62 | 90 | 144 |
Expenses | 57 | 78 | 125 |
Operating Profit | 5 | 13 | 19 |
OPM % | 8% | 14% | 13% |
Other Income | 0 | 0 | 1 |
Interest | 1 | 2 | 2 |
Depreciation | 1 | 1 | 2 |
Profit Before Tax | 3 | 10 | 16 |
Tax % | 3% | 0% | 19% |
Net Profit | 3 | 10 | 13 |
EPS (₹) | 4.53 | 10.23 | 10.11 |
Dividend Payout % | 0% | 0% | 0% |
Balance Sheet
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Equity Capital | 6 | 10 | 13 |
Reserves | 8 | 41 | 93 |
Borrowings | 5 | 6 | 13 |
Other Liabilities | 49 | 12 | 22 |
Total Liabilities | 68 | 69 | 141 |
Fixed Assets | 4 | 8 | 12 |
CWIP | 1 | 0 | 0 |
Investments | 0 | 0 | 0 |
Other Assets | 63 | 61 | 129 |
Total Assets | 68 | 69 | 141 |
Cash flow
Particulars | Mar 2023 | Mar 2024 | Mar 2025 |
Cash from Operating Activity | -18 | -8 | -39 |
Cash from Investing Activity | -7 | 2 | -6 |
Cash from Financing Activity | 25 | 6 | 45 |
Net Cash Flow | 0 | 0 | 0 |
This is the most critical observation.
Key Interpretation and Insights
Strengths-
Exceptional Growth Trajectory: The company has shown strong long-term growth, with a five-year sales CAGR of 73.51% and EBIT CAGR of 92.63%.
Weakness
There is the undervaluation of stock and Hence, the underperformance in the broader market.
Risk Factor
There is a Margin Pressure due to the fluctuating cost of raw material in the garment industry.
Future Outlook
Wait-and-Watch Strategy: Analysts have assigned a 'Hold' rating (as of March 2026), suggesting investors monitor for a technical turnaround or further confirmation of sustained growth.
Conclusion
Thomas Scott India Ltd presents a "Hold" rating as of March 2026, characterized by strong, consistent quarterly profit growth over 5 years and high return ratios. While the company shows robust, 12-quarter consecutive financial performance and expanding margins, the stock has recently hit 52-week lows, indicating a need for caution.
Sources-