Shares of this micro-cap apparel stock jumped up to 5 percent in Wednesday’s trading session after a Venture Capital (VC) firm bought a stake in the company on March 12th, 2024 via a Bulk Deal. In the past six months, the company’s stock has gained more than 25 percent for its holders.
With a market capitalization of Rs 334.62 crores, the stocks of Indian Terrain Fashions Limited opened their trading hour on Wednesday at Rs 78.83 and currently trade at Rs 75.55. The company’s scrip witnessed an intra-day high price of Rs 80.99 indicating a gain of around 5 percent compared to the previous close of Rs 77.36.
Such bullish share price behavior was observed after a Venture Capital (VC) firm bought a stake in the company on March 12th, 2024 via a Bulk Deal.
As per the data available with the National Stock Exchange (NSE), “Polaris Banyan Holding Private Limited”, a venture capital firm operating in the Banking & Financial Services industry, bought 3.05 lakh equity shares of Indian Terrain Fashions Limited at an average trading price of Rs 76.53 per equity share.
During the recent financial quarters, the company’s basic business parameters, viz, its operating revenues as well as bottom-line numbers, witnessed movements in opposing directions.
The company’s operating revenues, on one end, dipped from Rs 140.36 crores during Q2FY24 to Rs 109.21 crores during Q3FY24, and the latter, on the other end, reduced its net losses from Rs 8.25 crores to Rs 3.92 crores.
According to the latest presentations, the company’s company’s revenue mix, comparing Q3FY23 v/s Q3FY24, portrays an increasing portion of the ‘online’ segment with the other segments, viz, retail, wholesale, and others, exhibiting a dip in the revenue mix.
The company’s standalone ratios portray some positive movements with the return on equity (RoE) transitioning from a negative number of 1.11 percent during FY21-22 to a positive number of 3.35 percent during FY22-23 and the return on capital employed (RoCE), keeping the timeframe the same, jumped from 4.12 percent to 13.78 percent.
Indian Terrain Fashions Limited is an India-based company engaged in the business of manufacturing wearing apparel and conducts sales of its apparel under the brand name ‘Indian Terrain’. The company’s product portfolio includes shirts, jackets, sweaters, blazers, sneakers, and many more.
Written by Amit Madnani
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