Dear investors, #HappyNewYear2026 And yes...! 🥳 #Earning season started... & we r also started #Q3FY26 #Q3Result updates So why wait, just fallow us & turn on notification to get daily result updates by best companies And yes, U can request any companies results updates

11/11 Debtor Days The Red Flag? ​increased from 52 days (Mar '24) to 88 days (Sep'25) Latest News a new partnership for wide-format printers, further solidifying its "one-stop-shop" status in Surat Disc. No buy/sell advice DYOS Like, retweet if like our content ask querries

10/11 Long-Term Investor Note 💎 ​Sticky Revenue Since they sell the machines, the customers are "locked-in" to buying TCL's proprietary inks and papers for maintenance & quality consistency ​Efficiency High ROE (over 70% historically) shows extremely efficient capital use

9/11 🪫Risks 🪅​Technological Obsolescence If a newer, cheaper printing tech arrives TCL's current machine inventory could lose value ​Concentration Heavily dependent on Surat textile market ​Raw Materials Inks require specialty chemicals which r subject to global price swings

8/11 🪇 Mgmt "Walk with Talk" 🗣️​Target Achievement: In #Q2FY26 transcript (Nov 17, 2025), Mgmt confirmed they are on track to meet their FY26 revenue guidance They successfully transitioned from trading-heavy model to manufacturing-led one as promised in the DRHP #TRUECOLORS

7/11 Fundraising ⚠️ company listed on BSE SME platform in early 2025 ​IPO involved a fresh issue of shares, which expanded the equity base 🪼​Valuation Post-listing, the market cap is roughly ₹480–500Cr, trading on low valuations vs its high growth (TTM P/E is around 13)

6/11 🔑 Margins: The Operating Profit Margin (OPM) has been dynamic. In H1 FY26, the OPM was 15%. 🔋​PAT: The company delivered a Net Profit of ₹15 Cr for the half-year ending Sept 2025 #Fy26Results #TextileSector #TRUECOLORS #DigitalPrinting #Printers #SME #InkColors #TCL

5/11 ✳️​Objects of Issue A major part of their recent fundraising is dedicated to working capital to hold more inventory of high-value printing machines Financial Update (H1 FY26) 💰 💵 Revenue Growth #H1FY26 saw a healthy jump Total income for the half-year stood at ₹151 Cr

4/11 Capacity Expansion 🏗️ ♦ ​Infrastructure As per the #H1FY26 presentation, they are expanding their manufacturing facility for inks and sublimation papers to meet the rising demand from small-scale #printers in Gujarat. #DigitalPrinters #Textiles #Ink #DigitalInk #Nifty50

3/11 📈 Sector Growth shift from traditional "Screen Printing" to "Digital Printing" in Surat’s textile hub is the primary tailwind Digital printing allows for faster "fast fashion" cycles and uses significantly less water, making it a sustainable growth play #FastFashion

2/11 ♌ Verticals sell high-end printing machines (Authorized dealer for Konica Minolta) manuf.their own inks & sublimation papers offer printing job-work services ✝️ ​Edge Isn't a service provider But control the consumables (ink/paper) which creates a recurring revenue stream

🧵 True Colors Limited (TCL) #TRUECOLORS ♎ Analysis Thread ​1/11 🔅 Business Model The Digital Textile Disrupter 🎨 TCL operates a vertically integrated model in the Digital #Textile Printing space #SME #SMEs #Printing #Colors #DigitalTextile #Nifty50 #Sensex #Microcap

11/11 ⛔ Disc No buy or sell recommendation Do your own study Track every updates & result of company Company operate into #SME Space as this is very low liquidate Do fallow, like & retweet if u like our content & tweet #Nifty50 #Sensex #Largecap #smallcap #Microcap #midcap

10/11 💬 Latest News Good vs. Bad 📰 ​✅ Good Stock has shown strength, hitting a 52-week high of ₹156 recently FIIs have a small starting footprint (0.68%) ​❌ Bad: Heavy dilution so soon after IPO might worry some investors about "cash-burn" or aggressive expansion risks

9/11 🥏 Notable Points ​Promoter Holding Promoters hold 69% recent preferential issue is also targeted at promoters/identified groups, showing their confidence ​ROE/ROCE Currently very high (ROE 45%) but expect this to normalize as the equity base expands #Nifty50 #SENSEX

8/11 ⭕ ​Risks ​Working Capital Eats cash to maintain inventory ​Raw Material High sensitivity to crude oil prices (polymer base) ​Dilution Frequent equity raises can cap the share price growth in short term ​SME Platform Lower liquidity & higher volatility #Renol #SMEs

7/11 Future Guidance (FY26-28)🔭 Not any formal guidance in SME filings But recent move to raise ₹56Cr (more than double their IPO size) within 4 months of listing signals mgmt is targeting a much higher revenue bracket (likely aiming for the ₹150–200 Cr range by FY27) #RENOL

6/11 🙋‍♂️ Mgmt Walk with talk Mgmt has successfully transitioned business from a partnership (Renol Enterprises) to a listed entity ​Performance achieved a massive 859% revenue jump in FY25 vs.FY24 Suggesting they r aggressively capturing market share as planned during #IPO #RNPL

5/11 Financial Health💰 💥shown explosive growth ​FY25 Revenue ₹62.30Cr (up from ₹6.5Cr in FY24) ​Margins🛹 Operating Profit Margin (OPM) stood around 11.48% in Mar'25 ​Latest Sep'25 Qua. Revenue of ₹40Cr with a PAT of ₹2.38Cr & 3 EPS TTM EPS is 6.52 in sep'25 #PVC #UPVC

4/11 Fund Raising On Nov 17, 2025 approved a massive preferential issue ​Dilution plan to issue 42.21 lack new equity shares at ₹134/share ​Impact: increase equity base nearly 53℅ For raising ₹56cr for growth Keep an eye on "Earnings Per Share" (EPS) impact #RENOL #RNPL

3/11 Capacity Expansion & IPO Utilization🏗️ raised ₹25.77Cr via #SMEIPO in aug'25 ​🪡 Plan ₹5.6cr is earmarked for purchasing new machinery to boost production capacity 🛷​Working Capital ₹15cr is being used to fuel operations as this is a working-capital-intensive business