T T Limited (TTL), incorporated in 1978, is a vertically integrated textile producer and garment manufacturer engaged in yarn manufacturing, knitting, and cutting and sewing of textile products. The company holds ISO 9001 certification and is recognized as a government-registered Three Star Export House. As part of the larger TT Group, TTL has established itself as a comprehensive textile solutions provider in the Indian market.
The company's textile business spans yarn manufacturing, knitting, and the cutting and sewing of textile products, with product categories including fabrics, yarn, cotton, agro-commodities, and packaged food products. TTL offers a diverse range of hosiery products under the well-established TT brand name and maintains production arrangements across five states with 50 franchised hosiery production units.
The company became publicly listed in 1990 to meet financial requirements and raise working capital, followed by a further public issue in 1993 to fund an export-oriented spinning unit in Gajraula, UP. Currently, TTL operates through a dealer network of 1,500 wholesalers across India and has been a Registered Export House since 1996. Its mill at Avanashi has received the ISO 9002 Quality Certificate.
As of July 4, 2025, T T Ltd commands a market capitalization of ₹338.60 crores, positioning it as a mid-cap player in the textile sector. The company belongs to the Consumer Discretionary sector under the Textiles sub-sector.
- Full Year Ended March 2025: Reported sales of Rs 214.43 crore, a 1.61% increase from Rs 211.03 crore in the previous year. Net profit declined by 11.45% to Rs 4.10 crore in FY2025 compared to Rs 4.63 crore in FY2024.
- Quarter Ended March 2025 (Q4 FY2025): Sales showed strong growth of 21.60%, rising to Rs 62.49 crore from Rs 51.39 crore in the corresponding quarter of the previous year. However, the company reported a net loss of Rs 4.11 crore in Q4 FY2025, contrasting with a net profit of Rs 6.23 crore in Q4 FY2024.
- Market Capitalization: ₹338.60 Crores (as of July 4, 2025)
- Promoter Holding: 56.1%
- P/E Ratio: 82.58
- P/B Ratio: 4.72
- Dividend Yield: 0.32%
TTL operates through a dealer network of 1,500 wholesalers across India. Its mill at Avanashi has received the ISO 9002 Quality Certificate. The company also maintains production arrangements across five states with 50 franchised hosiery production units. TTL is recognized as a government-registered Three Star Export House and has been a Registered Export House since 1996.
The company has faced challenges including a poor sales growth of -12.7% over the past five years, with revenue declining at a yearly rate of -11.33%, significantly underperforming the industry average of 7.07%. Market share has decreased from 0.34% to 0.13% during the same period.
Operationally, TTL faces challenges such as a low interest coverage ratio, although it has successfully reduced its debt burden. Debtor days have increased from 62.1 to 76.7 days, indicating potential working capital management issues.
- Rights Issue: Approved a Rights Issue of 3,33,30,444 equity shares at a premium of Rs 11 each, for an amount not exceeding Rs 40 crores. The record date is set as July 4, 2025.
- Company Secretary: Appointed Rahul Maurya as Company Secretary and Compliance Officer, effective June 18, 2025.
- Dividend Recommendation: The Board of Directors recommended a final dividend of Rs 0.05 per equity share (5%) for approval at the Annual General Meeting scheduled for September 24, 2025.
- 52-Week High: ₹18.01
- 52-Week Low: ₹9.73
- Current Share Price: ₹14.01 (as of July 4, 2025)
T T Limited operates in a competitive textile industry environment and continues to focus on its core competencies in yarn manufacturing and garment production while addressing operational challenges and pursuing growth opportunities through strategic initiatives.
