Thomas Scott (India) Limited has informed the Exchange about Investor Presentation
1
THOMAS SCOTT (INDIA) LTD
INVESTOR PRESENTATION
November 2025
Snapshot
15+ years Track Record
12,000+ SKUs
15+ Brands
9 Distribution Channels
5 Exclusive Brand Outlets (EBO)
4 Mfg. Plants Capacity – 140k units / Month
4 Fulfilment Centers
71% 3 Year Revenue CAGR
177% 3 Year PAT CAGR
16.47% ROCE
Investor Presentation
2
3
COMPANY OVERVIEW
Company Overview
• Thomas Scott (India) Ltd. was incorporated in 2010 as a traditional apparel manufacturer and has
transformed into a vertically integrated tech-enabled online fashion retailer in the last few years.
• Established with a vision to bring international fashion sensibilities to the Indian market, the company has
carved a niche in the highly competitive mid-premium fashion segment.
• Thomas Scott occupies a sweet spot in the Indian fashion ecosystem, catering to the aspirational, brand-
Operational Income (INR Mn) & EBITDA Margins (%)
1,610
13.09%
12.05%
1,108
14.05%
911
628
7.48%
conscious middle-class consumer seeking quality apparel at accessible prices.
FY23
FY24
FY25
H1-FY26
• The company has a diverse portfolio of apparel and accessories (such as handbags) under its main brand,
"Thomas Scott," along with other licensed and international brands, focusing on premium and high-
H1-FY26 Revenue Breakup
fashion products.
• It has more than 12000 SKU’s across 15+ brands which it distributes through 9+ channels across the
country both in the online and offline space.
• The company has developed a centralised back-end operations where design, brand management, and
merchandising are carried out using a data-driven approach.
B2B
5%
B2C
95%
Investor Presentation
4
Journey
Pre-Covid
Sep, 2021
Feb, 2022
Jun, 2022
Apparel manufacturer with single factory based out of Solapur
Foray into online B2C via Hammersmith brand in accelerator program with Amazon Global
Relaunch of Thomas Scott in an online first multi-channel format via Myntra, Ajio, Tata Cliq, Flipkart & Amazon
First license brands taken up in collaboration with Namshi (largest fashion marketplace in GCC) for brands Robert Wood & 75
Mar, 2024
Aug, 2023
Jan, 2023
Nov, 2022
Signed agreement to be alpha supplier for major international brands under exclusive channel partnership with Myntra. Crossed INR 100 Mn ARR
Expanded scope of licensed brands on Myntra to 10 brands
Myntra Fashion Brands collaboration initiated with four major brands in menswear segment – Invictus, Here&Now, Mast&Harbour, Moda Rapido
Built first set of back-end processes & tech framework to enable brand management in a ”plug & play” manner
Jun, 2024
Oct, 2024
Nov, 2024
Thomas Scott brand achieves INR 500 Mn ARR individually through online channels Pilot offline for Thomas Scott with 5 stores in Bangalore
Signed AJIO license brands Buda Jeans Co for launch starting Spring Summer 2025. Initiated Quick Commerce pilot with Big Basket for our brand. Achieved INR 1600 Mn ARR
Expanded scope of international brands to cover Handbags category and women's western wear in Apparel category under exclusive channel partnership with Myntra
Investor Presentation
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Board of Directors
MR. BRIJGOPAL BALARAM BANG (MANAGING DIRECTOR)
MR. VEDANT BANG (MANAGING DIRECTOR - E-COMM)
MRS. VANDANA BANG (DIRECTOR)
MRS. SWATI SAHUKARA (INDEPENDENT DIRECTOR)
MRS. ANURADHA PARASKAR (INDEPENDENT DIRECTOR)
MRS. KAVITA AKSHAY CHHAJER (INDEPENDENT DIRECTOR)
Mr. Brijgopal Bang is Commerce Graduate and also completed Master of Management Studies from Bombay (MMS) year the in University 1992. He is the promoter and Managing Director of the Company. He has been actively involved in the the since Company incorporation has played a key role in the growth of the Company with his inputs in strategic planning business and development.
business
and
of
of
Mr. Vedant Bang is a Graduate from Mumbai University, he is also a the Fellow Member of Institute Actuaries, Chartered Enterprise Risk Actuary, UK and CFA Charterholder, USA. He has nearly seven years of experience as a senior management consultant in Deloitte in the Banking, Financial, Investment Services and Insurance domain.
year
2013
with viz. Limited
Mrs. Vandana Bang has a degree in Bachelor of Commerce. She is being the associated Bang Company as Overseas General Manager (Design Division) since and the appointed as Director in the year 2020. With her forte in making best Designs and Patterns, Company has grown at a fast pace and has always been among prime and preferred and Garment business in the market.
fabric
of
years
Mrs. Swati Sahukara is an Associate Member of the Institute Company of Secretaries of India (ACS), B. Com and L.L.B. She has rich 11 experience in the field of Company Secretary profession, worked with various organizations viz. engaged in business of real estate, glass industry, corporate film industry, law and handled various assignments like merger, takeover, amalgamation, shares, buy back due preferential diligence etc.
of issue,
consultancy
Mrs. Anuradha Paraskar is a marketing expert with 26 years of experience Realty, across FMCG, and Hospitality, held She Healthcare. senior roles at Godrej, Lavasa, and Piramal, and now consults for Thermax. An MBA from Mumbai University, also executive completed education at Harvard and serves on the IIM Raipur Board.
she
corporates
Mrs. Kavita Chhajer, a Commerce Graduate and Law degree holder from Mumbai University, qualified as a Company Secretary in 2009. With experience since 2007, she has worked with in various Company Law, Securities Laws, M&A, FEMA, and She advisory. legal in drafting specializes legal due agreements, diligence, compliance for Base Layer NBFCs, business and partners legal aspects.
training
on
Investor Presentation
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Unique, Data Driven Business Process
Thomas Scott is an online focused retailer of major brands across marketplaces like Myntra, Ajio, Tata Cliq, Amazon, Flipkart & our website. With in- house manufacturing facilities, it provides a truly “direct to customer” experience.
Continuously collect data on high volume keywords, high traffic browsing pages, and competitive information on major marketplaces
Identify high demand trends & find online micro- markets with supply-demand gaps through our algorithms
Basis trends, launch multiple products across brands with minimal inventory then monitor customer demand & satisfaction
Scale up inventory bets on best-performing products that have high customer satisfaction
Tech-enabled centralized teams operate our process for multiple brands
Operations, Logistics & Fulfilment
Creative, Design & Catalog
Brand Management & Analytics
Finance & Control
Production & Sourcing
Investor Presentation
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Technology Meets Manufacturing
Trend Identification Using keywords to find trends in micro markets & launch demand-fit products
Technology Leverages Manufacturing to Deliver Trends
Cost Effectiveness & Quick Delivery D2C model lowers costs, improves competitiveness, and reduces markdown losses. Pan-India Fulfilment Centers enable quick 2 day deliveries
Data Analytics & Automation For optimal inventory management, streamlined workflows & risk mitigation
Superior Manufacturing Expertise ensures high quality, efficient production, and fewer returns.
High Width – Low Depth Strategy (Small Batch Manufacturing) Unique Advantage – Ability to pilot test a small batch (~120 MOQ) of new styles. Successful pilots get scaled up easily
Investor Presentation
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Technological Developments
•
TSIL has evolved from a traditional apparel manufacturer into a vertically integrated, tech-enabled online fashion retailer.
• Over the past two years, the company has built built a centralized, data-driven back-end that powers operations, design, cataloguing, brand management, and merchandising for multiple brands, with algorithms guiding key decisions like demand, inventory, pricing, and marketing.
• Now, the focus is on formalizing this advanced technology into a more robust application with an enhanced user experience and integrating
cutting-edge Generative AI (GenAI) capabilities.
Two components of the formalized application are in pilot stage:
thread.ai
catalog.ai
thread.ai is an intelligent co-pilot for fashion and lifestyle. Leveraging cutting-edge GenAI, thread.ai identifies trending and high-demand styles, empowering brands with data-driven insights for design, pricing and merchandising strategy.
catalog.ai revolutionizes e-commerce visuals and listings. By analyzing high-conversion fashion and lifestyle styles, catalog.ai automates product shoots with AI models and backgrounds, streamlines editing, and intelligently manages e-commerce catalog tasks.
Investor Presentation
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Manufacturing and Fulfillment centers
Particulars
Manufacturing Units
Manufacturing capacity (Pieces/ Month)
- Bottoms
- Shirts
- Bags
Fulfilment centers
4
60,000
60,000
20,000
4
Fulfilment Capacity (Pieces/Per Day)
15,000
Investor Presentation
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A Robust Warehousing / Distribution Network Across India
• Robust Pan-India Presence with manufacturing facilities in Bangalore, Solapur and Gurgaon.
• Strong warehousing / distribution network across India, TSIL provides a truly D2C experience to customers where the product moves directly from the
factory to the end user.
• Distribution network ensures that majority orders are received by customers within maximum of 2 days and in major urban areas on same day or next
day basis, thus enhancing the speed of delivery and elevating customer experience and reducing cancellation rates.
Maharashtra Zone
Bangalore Zone
~ 60k shirts per month
~40k shirts per month*
~20k bottoms per month
~20k knitwear per month*
~40k bottoms per month
Fulfilment capacity of 6k orders per day
Fulfilment capacity of 6k orders per day
NCR Zone
Kolkata Zone
~20k handbags per month
Fulfilment capacity of 2k orders per day
Fulfilment capacity of 1k orders per day
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Manufacturing Facility
Fulfilment Centers • Captive Capacities
Investor Presentation
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BUSINESS OVERVIEW
Business Structure
Thomas Scott (India) Ltd. [TSIL]
B2C Business
B2B Business
Own Brands Facilitated through two modes:
Licensed Brands To be sold in marketplaces like Myntra, Amazon, Flipkart, Namshi (Dubai)
Contract Manufacturing Marquee Names like Raymond, Red Tape, Being Human etc.
Online Thomas Scott - Flagship Brand
Offline 5 stores in Bangalore
Investor Presentation
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Brands Portfolio
Own Brand
E-tailers
Myntra Domestic Brands
Myntra International Brands
Ajio Brands
Amazon Brands
Namshi Brands
Investor Presentation
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Business Cycle & Design Process
Liquidate slow moving stock through pricing strategies or sales through offline channels
6
5
Track sales to identify high demand styles and manufacture further inventory in them
4
Inventory is sent to various distribution centers for quick deliveries and low returns
Data Collection from Myntra and other E-commerce marketplaces
1
Analyze data to identify Trends to design & manufacture base inventory per style
2
3
Launch Stock online on all applicable sales channels through and pan India FCs
4 Manufacturing Units
4 Owned 8 Third-Party
12 Distribution centers
Investor Presentation
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Own Brand – Thomas Scott (B2C)
• Thomas Scott is a premium menswear fashion brand that designs, manufactures and markets sustainable and ethically
produced, high quality, all-day, all-seasons, all-sizes apparel at accessible prices.
• Catering to a newer and younger generation of clientele, the brand is moving towards an online-first, smart casuals line that
ranges from everyday basics to momentous occasions that fits the lifestyle of the youth while also staying true to the brand's
Revenues (INR Mn)
562
348
399
history of creating exceptionally comfortable, high quality clothing.
211
• The brand focuses on quick launches of trend first designs and scale up of top sellers in an efficient manner.
• The Thomas Scott products are sold on various e-commerce platforms including own website as well as on offline own
FY23
FY24
FY25
H1-FY26
stores.
thomasscott.in
Investor Presentation
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Thomas Scott Brand Online Presence
Investor Presentation
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Thomas Scott Brand Offline Presence 6 retail outlets located at Bengaluru, India
Uttarahali Hobli, Bengaluru
Yelahanka New town, Bengaluru
Hesaraghatta, Bengaluru
Vidyaranyapura, Bengaluru
Koramangala, Bengaluru
Gopalan Mall, Bengaluru
Investor Presentation
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Licensed & Other Brands (B2C)
•
•
•
•
TSIL functions as a fully integrated player from designing, sourcing raw material, manufacturing to distributing for
various licensed brands that are exclusively sold on different e-commerce platforms.
TSIL has partnered with various e-commerce platforms like Myntra, Ajio, Namshi etc to manage their licensed brands.
Some of these include well known global brands like Nautica, Aeropostale, FCUK etc.
TSIL collects the raw data from e-commerce platforms to identify fashion trends and demand-supply gaps using data
analytics and keywords.
• Once the designs/products are finalized, TSIL begins manufacturing.
• Manufactured inventory is then sent to warehouses of TSIL or to local hubs of e-commerce marketplaces.
•
•
Finished goods inventories are kept to minimal levels due to the technology and analytics used by TSIL.
TSIL aims to scale up this business from e-commerce players by adding more licensed brands to its portfolio.
Revenues (INR Mn)
968
655
442
150
FY23
FY24
FY25
H1-FY26
Brands
Investor Presentation
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Contract Manufacturing (B2B)
•
•
•
TSIL continues to leverage its core strength in manufacturing by contract manufacturing apparels for companies like
Revenues (INR Mn)
Raymond, Max, Being Human, Shopper Stop, Red Tape etc.
Products are customized as per clients’ specifications and designs.
TSIL’s factories continue to service longstanding clients even as newer business verticals in retail / B2C drive future
growth of the company; keeping the company relevant in the core apparel manufacturing space.
260
110
80
54
FY23
FY24
FY25
H1-FY26
Key Clients
Investor Presentation
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Key Metrics
Revenue contribution B2B and B2C (INR Mn)
Fulfilment Costs (INR Per Unit)
211 150 260
FY23
348
442
110 FY24
562
968
80 FY25
399
655
54 H1-FY26
B2B
B2C (Other Brand)
B2C ( Own Brand)
31
24
19
19
FY23
FY24
FY25
H1-FY26
Brand-Wise SKUs
H1-FY26 Category-Wise Revenue Split (%)
2,410 3,990
FY23
9,105
7,430
FY24
27,034
19,103
17,555
12,510
FY25
H1-FY26
Own Brand
Other Brand
Kids Apparel, 7%
Womens Accessories,
6%
Womens Apparel,
2%
Mens Accessories,
1%
Mens Apparel,
84%
Investor Presentation
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STRATEGIC OVERVIEW
Key Success Factors For Thomas Scott
Data-Driven Product & Inventory Management
Omnichannel Presence with Online Focus
Efficient Supply Chain Management
Multi-Brand Portfolio Strategy
Rapid product launches (15–45 days) with low initial inventory (100–120 units/design)
Demand-driven restocking and fulfilment center optimization
Offline pilot stores to analyze consumer behavior
Export via Myntra Global & Gulf licensing partners
Hybrid model: In-house for core products; outsourced partners for others
Thomas Scott: Own brand for direct customer engagement
Licensed Brands for leveraging Myntra’s reach
International Brands: Nautica, French Connection, FCUK
Expansion into Aijo and other platforms for market penetration
Financial Prudence & Profitable Growth
Technology as a Competitive Advantage
Focus on Speed
Premiumization
Margins from licensed brands fuel own brand expansion
Proprietary data analytics platform for trend forecasting
Transition towards an asset-light, technology-driven business model
Potential monetization as a service for fashion and lifestyle brands
Speed is focus for both quick to market production and super fast customer deliveries once goods are stocked
As consumer confidence in online shopping grows, accelerated growth is anticipated in the premium fashion segment.
Association with international brands support growth in the premium segment.
Investor Presentation
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The Way Forward
Focus on e-commerce as primary sales channel coupled with ”high-width low-depth” strategy to launch trend focused designs
Thomas Scott - Own Brand (B2C)
Expand international sales channels building on the success in GCC region
Build quick commerce sales channels for the core product range
Increased focus on ”premiumization” of product portfolio by continued expansion of the company’s association with international brands
Licensed & Other Brands (B2C)
Expand marketplace footprint through further licensed brand arrangements with e-commerce platforms
Build on early success in new categories such as kids wear and handbags, to fuel further growth
Leverage superior insights to capture seasonal demand in segments such as winterwear
Contract Manufacturing (B2B)
Focus on selective long run orders in premium segment including exports
Continue to service longstanding clients
Pilot the first two components of our application viz. thread.ai and catalog.ai for internal use.
Technology
Further formalization of our technology especially for areas of pricing strategies, regionalization and replenishment
Explore technology pilots for external users and develop monetization strategy for the same
Investor Presentation
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25
FINANCIAL OVERVIEW
Key Financial and Operational Highlights
Q2-FY26 Consolidated Financial Performance
Operational Highlights
Revenue from Operations
INR 569 Mn +39.8% YoY
EBITDA
EBITDA Margin
INR 85 Mn +93.2% YoY
14.94% +413 Bps YoY
PAT
PAT Margin
INR 47 Mn +67.9% YoY
8.26% +138 Bps YoY
Diluted EPS
3.21 INR +24.4% YoY
H1-FY26 Consolidated Financial Performance
Revenue from Operations
INR 1,108 Mn +62.9% YoY
EBITDA
EBITDA Margin
INR 145 Mn +101.4% YoY
13.09% +250 Bps YoY
PAT
PAT Margin
INR 82 Mn +95.2% YoY
7.40% +122 Bps YoY
Diluted EPS
5.74 INR +46.4% YoY
• We experienced continued growth momentum during the quarter despite a temporary slowdown in customer offtake caused by deferred purchases following the GST rate-cut announcement.
•
The growth can be attributed to higher sales volumes, improved price realizations, which also improved margin profile.
• We witnessed a strong recovery in demand toward the the quarter as festive buying picked up, end of supported by improved consumer sentiment and the GST rate cut coming into effect.
• We
exited the quarter with positive demand indicators, setting a strong base for the second half of FY26.
Investor Presentation
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Business Vertical Performance
B2B Revenues (INR Mn)
27
28
20
B2C (Own Brands) Revenues (INR Mn)
183
216
122
B2C (Licensed Brands) Revenues (INR Mn)
330
325
264
Q2-FY25
Q1-FY26
Q2-FY26
Q2-FY25
Q1-FY26
Q2-FY26
Q2-FY25
Q1-FY26
Q2-FY26
B2B Revenues (INR Mn)
54
34
B2C (Own Brands) Revenues (INR Mn)
B2C (Licensed Brands) Revenues (INR Mn)
655
399
428
218
H1-FY25
H1-FY26
H1-FY25
H1-FY26
H1-FY25
H1-FY26
Investor Presentation
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Quarterly Consolidated Financial Performance
Particular (INR Mn)
Q2-FY26
Q1-FY26
Revenue from Operations
Operating Expenses
EBITDA
EBITDA Margins (%)
Depreciation
Finance Cost
Other Income
PBT
Taxes
PAT
569
484
85
539
479
60
14.94%
11.13%
6
6
-
73
26
47
6
3
1
52
17
35
PAT Margins (%)
8.26%
6.49%
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR per share)
-
47
3.21
-
35
2.50
Q-o-Q
5.6%
1.0%
41.7%
381 Bps
-
NA
NA
40.4%
52.9%
34.3%
177 Bps
-
34.3%
28.4%
Q2- FY25
407
363
44
10.81%
8
5
5
36
8
28
6.88%
-
28
2.58
Y-o-Y
39.8%
33.3%
93.2%
413 Bps
(25.0)%
20.0%
NA
NA
NA
67.9%
138 Bps
-
67.9%
24.4%
YTD Financial Performance
Particular (INR Mn)
Revenue from Operations
Operating Expenses
EBITDA
EBITDA Margins (%)
Depreciation
Finance Cost
Other Income
PBT
Taxes
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR per share)
H1-FY26
H1-FY25
1,108
963
145
680
608
72
13.09%
10.59%
12
9
1
125
43
82
7.40%
-
82
5.74
13
7
5
57
15
42
6.18%
-
42
3.92
Y-o-Y
62.9%
58.4%
NA
250 Bps
(7.7)%
28.6%
(80.0)%
NA
NA
95.2%
122 Bps
-
95.2%
46.4%
Investor Presentation
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Historical Consolidated Income Statement
Particular (INR Mn)
Revenue from Operations
Operating Expenses
EBITDA
EBITDA Margins (%)
Depreciation
Finance Cost
Other Income
PBT
Taxes
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR per share)
FY23
628
581
47
FY24
911
783
128
FY25
1,610
1,416
194
7.48%
14.05%
12.05%
7
10
-
30
1
29
12
18
2
100
-
100
22
20
7
159
31
128
4.62%
10.98%
7.95%
-
29
5.25
-
100
12.58
1
129
11.58
H1-FY26
1,108
963
145
13.09%
12
9
1
125
43
82
7.40%
-
82
5.74
Investor Presentation
30
Historical Consolidated Balance Sheet
Particular (INR Mn)
EQUITY
a) Equity Share Capital
b) Other Equity
Total Equity
LIABILITIES
Non-Current Liabilities
a) Financial Liabilities
i) Borrowings
ii) Other Financial Liabilities
b) Provisions
Total non-current liabilities
Current Liabilities
a) Financial Liabilities
i) Borrowings
ii) Other Financial Liabilities
iii) Trade Payables
b) Provisions
c) Other Current Liabilities
Total current liabilities
Total liabilities
GRAND TOTAL-EQUITIES & LIABILITES
Investor Presentation
FY24
FY25 H1-FY26
Particular (INR Mn)
FY24
FY25
H1-FY26
98
409
507
127
933
1,060
147
1,115 1,262
12
-
3
15
47
-
108
9
3
167
182
689
24
-
4
28
114
-
166
39
2
321
349
19
4
23
247
175
83
4
509
532
Non-Current Assets
a) Property, Plant and Equipment
76
113
b) Intangible assets
c) Capital Work In Progress
d) Deferred tax assets (net)
e) Other non - current assets
Total non-current assets
Current Assets
a) Inventories
b) Financial assets
3
3
1
8
91
4
1
2
38
158
293
599
i) Trade Receivables
243
577
ii) Cash and Cash Equivalents
iii) Bank Balances other than Cash
c) Other Current Assets
Total Current assets
2
2
58
598
689
1
2
72
1,251
1,409
1,409
1,794
GRAND TOTAL – ASSETS
119
4
7
(1)
40
169
771
715
1
2
136
1,625
1,794
31
Consolidated Historical Financial Trend
Net Revenues (INR Mn)
1,610
911
628
1,108
EBITDA (INR Mn) & EBITDA MARGINS (%)
14.05%
128
194
12.05%
13.09% 145
7.48%
47
PAT (INR Mn) & PAT MARGINS (%)
128
100 10.98%
7.95%
82 7.40%
4.62%
29
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
Debt to Equity (x)
ROE & ROCE (%)
Working Capital Days
1.76
0.12
0.13
0.21
FY23
FY24
FY25
H1-FY26
20.28%
22.61%
19.72%
13.11%
16.47%
12.08%
211
173
148
FY23
FY24
FY25
ROE
ROCE
FY23
FY24
FY25
Investor Presentation
32
Capital Market Data
1-Year Stock Performance up to 30th September 2025
120.0%
90.0%
60.0%
30.0%
0.0%
-30.0%
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
Thomas Scott India Ltd
Sensex
Price Data (As on 30th September 2025)
Shareholding Pattern (As on 30th September 2025)
Face Value (INR)
Market Price
52 Week H/L (INR)
Market Cap. (INR Mn)
Equity Shares Outstanding (Mn)
1 Year Avg. trading volume (‘000)
10.0
325.8
500.6 / 184.2
4,779.6
14.7
40.7
DII, 2.46%
Promoter,
52.15%
Public,
45.39%
Investor Presentation
33
Disclaimer
Thomas Scott (India) Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Thomas Scott (India) Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from.
Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further details, please feel free to contact our Investor Relations Representatives:
Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: Thomas@valoremadvisors.com Investor Kit-Link : https://www.valoremadvisors.com/thomas
Investor Presentation
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