---
title: "TSC India Ltd (TSC) — Share Price, Financials & Analysis"
symbol: "TSC"
company: "TSC India Ltd"
canonical: "https://tapetide.com/stocks/TSC"
isin: "INE16VK01010"
nse_symbol: "TSC"
sector: "Consumer Discretionary"
industry: "Leisure Services"
market_cap_cr: 79.64
generated_at: "2026-09-13T20:51:40.830Z"
---

# TSC India Ltd (TSC)

Canonical page: https://tapetide.com/stocks/TSC

## Company

- **NSE Symbol:** TSC
- **ISIN:** INE16VK01010
- **Sector:** Consumer Discretionary
- **Industry:** Leisure Services
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-07-30
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** tscindialimited.com

## About

TSC India Limited (formerly TSC Travel Services Ltd) is a B2B travel management company specializing in air ticketing services.[1]

## Latest Price

- **Price:** ₹54.85
- **Change:** +2.6 (+4.98%)
- **Open:** ₹54.85
- **Day High:** ₹54.85
- **Day Low:** ₹54.8
- **Previous Close:** ₹52.25
- **Volume:** 10000
- **As Of:** 2026-09-11T08:49:18+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:51.384274Z.

- **Market Cap:** ₹79.64 Cr
- **Classification:** SME
- **P/E (reported):** 17.3
- **Book Value:** ₹30.93
- **Price to Book:** 1.69
- **Dividend Yield:** 0%
- **ROE:** 8.75%
- **ROCE:** 13.51%
- **Debt to Equity:** 0.42
- **Revenue (yearly):** ₹29.6 Cr
- **Net Income:** ₹4.4 Cr
- **EBITDA:** ₹7.8 Cr
- **52-Week High:** ₹70.95
- **52-Week Low:** ₹25.25
- **RSI (14):** 68.44

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 98%
- **Data coverage:** 95%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 58.08 | 9% |
| growth | 57.92 | 9% |
| momentum | 78.65 | 12% |
| ownership | 56.08 | 24% |
| quality | 36.48 | 22% |
| valuation | 54.54 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.17%
- Company might be capitalizing the interest cost
- Company has high debtors of 419 days.
- Working capital days have increased from 137 days to 288 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 40.61% | — | -290.46% |
| ebitda margin growth | -13.33% | -16.92% | -33.8% | -53.32% |
| net income growth | 0% | -4.35% | 57% | — |
| revenue growth | -6.1% | 12.12% | 45% | 43.29% |
| roce | -12.59% | -60.23% | -70.29% | 29.21% |
| roe | -3.45% | -63.78% | 25.57% | 46.32% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 12 | 13.78 | 15.7 | 12.81 |
| Expenses | 7.84 | 10.22 | 10.34 | 11.48 |
| Operating Profit | 4.16 | 3.56 | 5.36 | 1.33 |
| OPM % | 34.67 | 25.83 | 34.14 | 10.38 |
| Other Income | 0.15 | 0.51 | 0.24 | 0.87 |
| Interest | 0.6 | 0.75 | 0.75 | 0.75 |
| Depreciation | 0.34 | 0.36 | 0.24 | 0.3 |
| Profit before tax | 3.37 | 2.96 | 4.61 | 1.15 |
| Tax % | 25.22 | 29.05 | 25.6 | 16.52 |
| Net Profit | 2.52 | 2.1 | 3.43 | 0.96 |
| EPS in Rs | 6.04 | 2 | 2.24 | 0.37 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 4.51 | 9.3 | 19.37 | 25.78 | 28.51 |
| Expenses | 2.15 | 7.03 | 12.41 | 18.05 | 21.82 |
| Operating Profit | 2.36 | 2.27 | 6.96 | 7.73 | 6.69 |
| OPM % | 52.33 | 24.41 | 35.93 | 29.98 | 23.47 |
| Other Income | 0.41 | 0.55 | 1.23 | 0.65 | 1.11 |
| Interest | 2.1 | 0.54 | 1.04 | 1.35 | 1.5 |
| Depreciation | 0.15 | 0.59 | 0.84 | 0.7 | 0.55 |
| Profit before tax | 0.52 | 1.69 | 6.31 | 6.33 | 5.75 |
| Tax % | 44.23 | 30.18 | 25.2 | 27.01 | 23.83 |
| Net Profit | 0.29 | 1.19 | 4.72 | 4.62 | 4.38 |
| EPS in Rs | 1.51 | 5 | 21.72 | 4.42 | 2.54 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.92 | 1.92 | 1.92 | 10.35 | 14.52 |
| Reserves | 1.65 | 2.61 | 6.82 | 5.48 | 30.38 |
| Borrowings | 4.75 | 13.08 | 17.76 | 25.53 | 18.79 |
| Other Liabilities | 6.23 | 8.55 | 26.83 | 20.09 | 34.26 |
| Total Liabilities | 14.55 | 26.16 | 53.33 | 61.45 | 97.95 |
| Fixed Assets | 1.03 | 2.96 | 2.51 | 1.99 | 8.9 |
| CWIP | 0 | 0 | 0 | 0.02 | 0.88 |
| Investments | 0 | 0 | 0 | 0 | 0.01 |
| Other Assets | 13.52 | 23.2 | 50.82 | 59.44 | 88.16 |
| Total Assets | 14.55 | 26.16 | 53.33 | 61.45 | 97.95 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3.67 | -5.64 | -0.19 | -11.77 | -6.99 |
| Cash from Investing Activity | -4.73 | -2.32 | 1.93 | -0.26 | -8.52 |
| Cash from Financing Activity | -3.32 | 7.79 | 3.64 | 9.92 | 14.15 |
| Net Cash Flow | -4.38 | -0.17 | 5.39 | -2.11 | -1.37 |
| Free Cash Flow | 3.14 | -8.16 | -0.58 | -11.96 | -8.81 |
| CFO/OP | 156 | -226 | 8 | -131 | -63 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 415.18 | 331.25 | 562.67 | 428.15 | 419.15 |
| Cash Conversion Cycle | 415.18 | 331.25 | 562.67 | 428.15 | 419.15 |
| Working Capital Days | 102.78 | -90.27 | -8.29 | 131.11 | 287.93 |
| ROCE % | — | 15.55 | 30.86 | 20.99 | 12.77 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2024 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 90.74% | 66.85% | 64.68% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 2.42% |
| Government | 0% | 0% | 0% |
| Public | 0% | 19.26% | 24.4% |
| Others | 9.26% | 13.89% | 8.5% |
| No. of Shareholders | 46 | 465 | 499 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 13 / 1 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 46.11 | Buy |
| EMA (10) | 48.21 | Buy |
| SMA (20) | 46.78 | Buy |
| EMA (20) | 46.14 | Buy |
| SMA (50) | 39.11 | Buy |
| EMA (50) | 41.57 | Buy |
| SMA (100) | 35.64 | Buy |
| EMA (100) | 39.77 | Buy |
| SMA (200) | 42 | Buy |
| EMA (200) | 45.45 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 71.76 | Sell |
| MACD (12,26,9) | 2.67 | Buy |
| Stochastic (14,3,3) | 96 | Sell |
| ADX (14) | 27.2 | Buy |
| Williams %R (14) | 0 | Sell |
| ATR (14) | 2.23 | High Volatility |
| ROC (12) | 21.89 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 82.33 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - EGM Feb 2, 2026: Preferential issue 4,70,933 shares at Rs63.50 to acquire GITHM for INR 2.99 crore. | [Shareholders meeting 9 January 2026 - EGM Feb 2, 2026: Preferential issue 4,70,933 shares at Rs63.50 to acquire GITHM for INR 2.99 crore.](https://nsearchives.nseindia.com/corporate/TSCINDIA_09012026164916_ITEOCRSIGNED.pdf) |
| 8 June 2026 - TSC India released FY26 investor presentation, reporting revenue ₹28.51 crore, PAT ₹4.38 crore and GTV ₹10.63 crore. | [Updates 8 June 2026 - TSC India released FY26 investor presentation, reporting revenue ₹28.51 crore, PAT ₹4.38 crore and GTV ₹10.63 crore.](https://nsearchives.nseindia.com/corporate/TSCINDIA_08062026114012_Intimationtoexchangeocr.pdf) |
| 8 January 2026 - RTA Bigshare certifies Regulation 74(5) not applicable for quarter ended 31 Dec 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - RTA Bigshare certifies Regulation 74(5) not applicable for quarter ended 31 Dec 2025.](https://nsearchives.nseindia.com/corporate/TSCINDIA_08012026191519_INTIMATIONTOEXCHANGEOCRSIGNED.pdf) |
| 6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation/dematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026; no rematerialisation/dematerialisation requests.](https://nsearchives.nseindia.com/corporate/TSCINDIA_06042026173326_INTIMATIONTOEXCHANGEocrsigned.pdf) |
| 4 May 2026 - Promoters disclosed no encumbrance on TSC India shares for FY ended 31 March 2026. | [Disclosure under SEBI Takeover Regulations 4 May 2026 - Promoters disclosed no encumbrance on TSC India shares for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/team_bbodade_30042026192016_TSC.pdf) |
| 4 Aug - TSC India says no price-sensitive event exists; share movement is market-driven. | [General Updates 4 Aug - TSC India says no price-sensitive event exists; share movement is market-driven.](https://nsearchives.nseindia.com/corporate/TSCINDIA_04082026102739_CLARIFICATIONSIGNED.pdf) |
| 30 May 2026 - TSC India reported no deviation in IPO proceeds for H1 FY26; noted 4,70,933-share preferential allotment for GITHM acquisition. | [Statement of deviation(s) or variation(s) under Reg. 32 30 May 2026 - TSC India reported no deviation in IPO proceeds for H1 FY26; noted 4,70,933-share preferential allotment for GITHM acquisition.](https://nsearchives.nseindia.com/corporate/TSCINDIA_30052026135544_INTIMATIONTOEXCHANGEOCRSIGNED.pdf) |
| 30 May 2026 - Board approved audited standalone and consolidated FY26 results; auditors issued unmodified opinion. | [Outcome of Board Meeting 30 May 2026 - Board approved audited standalone and consolidated FY26 results; auditors issued unmodified opinion.](https://nsearchives.nseindia.com/corporate/TSCINDIA_30052026134038_IntimationtoexchangefinlSIGNED.pdf) |
| 30 May 2026 - Audited H2/FY26 results: FY26 revenue 2,851, PAT 438.08, GTV 1,06,336. | [Press Release 30 May 2026 - Audited H2/FY26 results: FY26 revenue 2,851, PAT 438.08, GTV 1,06,336.](https://nsearchives.nseindia.com/corporate/TSCINDIA_30052026194011_INTIMATIONTOEXCHNAGEOCRSIGNED.pdf) |
| 3 Aug - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written … | [Price movement 3 Aug - Investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written …](https://www.nseindia.com/companies-listing/corporate-filings-announcements?symbol=TSC&tabIndex=sme) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_30646_TSC_2025_2026_A_4956490_26082026142113.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Aug 2025 | [Concall - Aug 2025](https://nsearchives.nseindia.com/corporate/TSCINDIA_19082025194304_Intimationtoexchangesigned.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T20:51:40.830Z.