Total Returns (Price + Dividend) 
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-5.47%
0%
-5.47%
6 Months
0%
0%
0.0%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%
True Colors for the last several years.
Risk Adjusted Returns v/s 
Returns Beta
Beta has not been calculated since enough price history is not available
News
No Recent News for the Company
Announcements 
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
16-Jan-2026 | Source : BSECertificate under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 for the Quarter ended on December 31 2025.
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18-Dec-2025 | Source : BSEIntimation for Outcome of Analyst/Investor Meeting pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015
Board Meeting Outcome for Announcement Under Regulation 30 (LODR)-Scheme Of Arrangement
01-Dec-2025 | Source : BSEThe Board of Directors at its meeting held on Monday December 01 2025 has approved the scheme of Amalgamation (Merger by Absorption) of Inkia Inks Private Limited (Transferor Company) with True Colors Limited (Transferee Company).
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
0
EBIT Growth (5y)
0
EBIT to Interest (avg)
6.90
Debt to EBITDA (avg)
1.51
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
1.56
Tax Ratio
25.33%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
13.10%
ROCE (avg)
31.57%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
19
Industry P/E
30
Price to Book Value
2.27
EV to EBIT
10.88
EV to EBITDA
9.95
EV to Capital Employed
2.73
EV to Sales
1.70
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
25.06%
ROE (Latest)
12.29%
Technicals key factors
Indicator
Weekly
Monthly
No records
Shareholding Snapshot : Jun 2025
Shareholding Compare (%holding) 
Majority shareholders
Promoters
Pledged Promoter Holdings
None
Mutual Funds
Held by 0 Schemes
FIIs
Held by 0 FIIs
Promoter with highest holding
Satishkumar Jayantibhai Panchani (17.17%)
Highest Public shareholder
Niveshaay Hedgehogs Fund (2.56%)
Individual Investors Holdings
1.85%