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TCC Concept Ltd (512038)

📊 BSE: 512038 🏢 Trading & Distributors 📢 Latest filing: 24 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, TCC Concept's revenue was ₹128 Cr (+483.1% year on year, +52.7% on the previous quarter), and net profit ₹12.6 Cr (+40.5% year on year); the operating margin was 36.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹128	+483.1%	+52.7%
Operating profit	₹46.3	+157.1%	+65.3%
Net profit	₹12.6	+40.5%	-59.2%
EPS (₹)	2.58	-2.3%	-58.0%
Operating margin	36.1%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

TCC Concept Sets Sep 4, 2026 Record Date for 1:5 Stock Split (Rs 10 to Rs 2)

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Aug 2026, 04:00 PM

TCC Concept Limited has fixed Friday, September 4, 2026, as the record date for executing a 1:5 stock split. Under this corporate action, every 1 existing equity share of face value Rs 10 will be sub-divided into 5 equity shares of face value Rs 2 each. The sub-division was approved by shareholders via Postal Ballot on August 22, 2026. The action increases floating shares and lowers the nominal share price without altering the company's underlying market cap (Rs 1,173 Cr) or business fundamentals.

Record date fixed as Friday, September 4, 2026 for equity share sub-division
Sub-division ratio: 1 existing share of face value Rs 10 into 5 shares of face value Rs 2
Shareholder approval obtained via Postal Ballot on August 22, 2026

💡 Track the ex-split date around September 4, 2026, when the share price and holdings will adjust proportionally with no change in total investment value.

TCC Concept Amends MOA for 1:5 Stock Split (FV Rs 2) and Broadens Object Clause

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 22 Aug 2026, 08:29 PM

Shareholders of TCC Concept Limited approved alterations to the company's Memorandum of Association (MOA) via Postal Ballot on August 22, 2026. The capital clause reflects an authorised share capital of Rs 60.00 crore divided into 30.00 crore equity shares of face value Rs 2 each (sub-divided from 6.00 crore shares of Rs 10 each). Additionally, the object clause was expanded to encompass IT/AI solutions, transaction facilitation, retail/interiors, and 3PL/4PL logistics services.

Authorised capital restructured to Rs 60,00,00,000 divided into 30,00,00,000 equity shares of Rs 2 each
Share sub-division reflects a 1:5 split from earlier face value of Rs 10 per share
Object clause expanded into IT/AI, digital platforms, transaction facilitation, and multi-modal logistics
Resolutions passed via Postal Ballot on August 22, 2026

💡 Track subsequent corporate filings for the announcement of the record date for the 1:5 stock sub-division.

60 MW Data Centre Expansion: TCC Concept to Scale Capacity via New Pune Campus

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 04 Aug 2026, 07:22 PM

TCC Concept's subsidiary, NES Data, has signed an MoU to acquire land in Hinjewadi, Pune, for a 60 MW data centre campus. This represents a 15x increase over its current 4 MW operational capacity and is a major step toward its 100 MW medium-term goal. Given the company's TTM revenue of ₹179 Cr, a project of this scale (60 MW) typically requires substantial capital expenditure, though specific investment figures were not disclosed. The project is currently at the MoU stage and subject to due diligence and regulatory approvals.

Proposed IT Load Capacity of up to 60 MW for the new Hinjewadi campus
Current operational capacity is 4 MW, representing a 1,400% planned increase from this project
Medium-term strategic objective set at an aggregate data centre capacity of 100 MW
Acquisition involves a land parcel in Rajiv Gandhi Infotech Park, Pune
Project to be developed in phases to meet demand for AI and cloud computing

💡 Monitor the transition from MoU to definitive agreements and watch for disclosures regarding the total project cost and funding mechanism, as this will likely require significant capital.

480% YoY Revenue Growth to ₹128.3 Cr in Q1 FY27; Pepperfry to add 35 stores by Aug 2026

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 11:50 PM

TCC Concept reported an explosive 480.2% YoY revenue growth in Q1 FY27, reaching ₹128.3 Cr, which represents nearly 72% of its entire TTM revenue. While EBITDA grew 158% YoY to ₹46.3 Cr, EBITDA margins saw a sharp contraction from 81.1% to 36.1% as the company scales its integrated ecosystem. PAT grew 34.3% YoY to ₹12.6 Cr but declined 59.2% sequentially from Q4 FY26. The company is aggressively expanding its Pepperfry retail footprint with 35 new stores planned by August 2026.

Revenue from operations surged 480.2% YoY to ₹1,283 Mn (₹128.3 Cr) in Q1 FY27.
EBITDA increased 158.1% YoY to ₹463 Mn, though margins compressed to 36.1% from 81.1% YoY.
PAT stood at ₹126 Mn (₹12.6 Cr), up 34.3% YoY but down 59.2% from ₹309.8 Mn in Q4 FY26.
Pepperfry plans to add 35 new stores by August 2026, targeting a total network of 250+ stores.
Q1 FY27 revenue of ₹128.3 Cr accounts for 71.7% of the total TTM revenue of ₹179 Cr.

💡 Watch for the stabilization of EBITDA margins as the company scales its high-growth segments like PepCart and Pepperfry. Investors should also monitor the successful execution of the 35-store expansion by August 2026 and the commercial scaling of the MyFlopy private cloud platform.

TCC Concept Q1 FY27 Revenue Jumps 480% YoY to ₹128.3 Cr; 1:5 Stock Split Approved

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 10:08 PM

TCC Concept reported an explosive 480% YoY revenue growth in Q1 FY27, reaching ₹128.3 Cr, which represents nearly 72% of its entire FY26 revenue. While EBITDA grew 158% to ₹46.3 Cr, PAT growth was more moderate at 34% (₹12.6 Cr) as PAT margins compressed significantly to 9.8% from 36% in FY26. The company is aggressively pivoting to a 'platform' model, integrating Pepperfry (omnichannel furniture), PepCart (logistics), and a 4 MW live data center capacity. A 1:5 stock split was also confirmed, following board approval on July 21, 2026.

Revenue from operations surged 480% YoY to ₹128.3 Cr in Q1 FY27, driven by the integration of Pepperfry and PepCart.
EBITDA reached ₹46.3 Cr with a 36% margin, though this is a decline from the 54% OPM seen in the TTM period.
PAT for the quarter stood at ₹12.6 Cr, up 34% YoY, despite higher operational costs from business expansion.
Data center segment (NES Data) currently has 4 MW Tier-III capacity live with a long-term 100 MW hyperscale blueprint.
Stock split approved to subdivide each ₹10 face value share into 5 shares of ₹2 face value to increase liquidity.

💡 Investors should monitor the sustainability of this high-growth trajectory and watch for margin recovery as the integration of Pepperfry and the scale-up of the 100 MW data center blueprint progress.

TCC Concept to merge WOS ALTRR Software Services; ALTRR FY26 turnover at ₹12.72 Cr

🟡 NEUTRAL ⭐ 4/10

M&A 📅 31 Jul 2026, 07:17 PM

TCC Concept's board has approved the merger of its wholly-owned subsidiary (WOS), ALTRR Software Services Limited, into itself. ALTRR is an AI-focused entity with a FY26 turnover of ₹12.72 Cr, which represents approximately 7.1% of TCC's consolidated TTM revenue of ₹179 Cr. Since ALTRR is a 100% subsidiary, no new shares will be issued, and the shareholding pattern of TCC will remain unchanged. The merger aims to simplify the corporate structure and eliminate inter-company transactions.

ALTRR Software Services reported a turnover of ₹12.72 Cr for FY 2025-26
ALTRR's net worth stands at ₹16.27 Cr as of March 31, 2026
TCC Concept's consolidated net worth is reported at ₹1,645.34 Cr
Zero shares will be issued as consideration as the transferee holds 100% of the transferor
The merger includes the 'TryThat.ai' platform, an AI-backed data analytical tool for real estate

💡 Investors should monitor the timeline for NCLT Mumbai approval and the subsequent integration of the AI-backed 'TryThat.ai' platform into the parent's direct operations.

TCC Concept Q1 Consolidated Revenue Jumps 480% YoY to ₹128.3 Cr; Consumer Tech Drives Growth

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 31 Jul 2026, 07:04 PM

TCC Concept reported a massive surge in consolidated revenue to ₹128.28 Cr in Q1 FY27, up from ₹22.11 Cr in Q1 FY26, primarily driven by the new 'Consumer Tech' segment. Despite the top-line growth, consolidated Profit Before Tax (PBT) slightly declined to ₹12.03 Cr from ₹13.46 Cr YoY, weighed down by a sharp rise in finance costs to ₹11.11 Cr. A key development is the material subsidiary Pepperfry Limited raising ₹15.61 Cr at ₹391 per share. The company also recognized a deferred tax asset of ₹4.43 Cr in its logistics subsidiary, indicating anticipated operational turnarounds.

Consolidated revenue grew 480% YoY to ₹128.28 Cr, representing ~71% of the entire TTM revenue in a single quarter
Consumer Tech segment emerged as the largest revenue contributor at ₹86.34 Cr
Subsidiary Pepperfry Limited raised ₹15.61 Cr through the allotment of 3,99,299 equity shares at ₹391 each
Finance costs surged to ₹11.11 Cr from ₹1.03 Cr in the year-ago quarter, impacting consolidated margins
Standalone PAT increased 53% YoY to ₹10.49 Cr compared to ₹6.86 Cr in June 2025

💡 Investors should monitor the margin profile of the Consumer Tech segment and the sustainability of the high finance costs. The successful scaling of Pepperfry and the turnaround of Pepcart Logistics are the primary execution milestones to watch in upcoming quarters.

TCC Concept Q1 Net Profit Rises 53% YoY to ₹10.48 Cr; Board Approves Merger of AI Subsidiary

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 31 Jul 2026, 06:52 PM

TCC Concept reported a 53% YoY increase in standalone net profit to ₹10.48 Cr for Q1 FY27, although revenue declined 15% sequentially from ₹20.25 Cr in Q4 FY26. The board approved the merger of its 100% subsidiary, Altrr Software Services, which operates the AI platform 'TryThat.ai' for real estate. No cash consideration or new shares will be issued for the merger as the subsidiary is already wholly owned. The move aims to consolidate AI and digital infrastructure operations to reduce administrative overhead and simplify the corporate structure.

Standalone Revenue from operations grew 59% YoY to ₹17.12 Cr in Q1 FY27.
Net Profit for the quarter stood at ₹10.48 Cr, up from ₹6.85 Cr in the same period last year.
Basic EPS for the quarter improved to ₹2.21 from ₹1.92 YoY.
The merger of Altrr Software Services will integrate the 'TryThat.ai' platform directly into the parent entity.
Total expenses for the quarter rose to ₹4.16 Cr, compared to ₹2.91 Cr in Q1 FY26.

💡 Monitor the NCLT approval timeline for the Altrr merger and track the sequential revenue growth to see if the company can reverse the 15% dip seen between Q4 FY26 and Q1 FY27.

Board Meeting Scheduled for July 31, 2026, to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 28 Jul 2026, 05:56 PM

TCC Concept Ltd has announced a board meeting on July 31, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. This follows a strong March 2026 quarter where revenue reached Rs 84 crore, a significant jump from Rs 22 crore in June 2025. Investors will be monitoring if the company can maintain its high TTM operating profit margin of 54.2% following the integration of Pepcart Logistics. The stock has corrected by 45.4% over the last 12 months, making these results critical for sentiment.

Board meeting scheduled for July 31, 2026, to approve Q1 FY27 results.
Company reported a TTM revenue of Rs 179 crore with a high OPM of 54.2%.
Previous quarter (Mar 2026) revenue was Rs 84.0 crore, representing nearly 47% of TTM revenue.
The meeting will cover both standalone and consolidated financial results.

💡 Watch for the earnings release on July 31 to assess the revenue growth trajectory and the impact of the Rs 7.5 crore Pepcart Logistics acquisition on consolidated profitability.

TCC Concept receives NOC for reclassification of promoter holding 0.01% stake

🟡 NEUTRAL ⭐ 2/10

REGULATORY 📅 23 Jul 2026, 12:59 PM

TCC Concept has received No-Objection Letters from both NSE and BSE for the reclassification of Shefali Chintan Parikh from the 'Promoter' category to the 'Public' category. The individual holds 3,760 shares, which constitutes a negligible 0.01% of the company's total shareholding. This administrative change follows the company's application submitted on May 27, 2026. Given the minute stake involved, this move has no impact on the company's management control or financial standing.

Approval received for reclassification of 1 promoter, Shefali Chintan Parikh, to the Public category.
The promoter holds 3,760 shares in the company.
The reclassified stake represents 0.01% of the total shareholding.
NOC letters from NSE and BSE were received on July 23, 2026.

💡 No action required. Investors can verify the updated classification in the upcoming quarterly shareholding pattern filing.

1:5 Stock Split Approved; TCC Concept to Expand Business Objects into AI and IT

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 21 Jul 2026, 08:00 PM

TCC Concept Ltd has approved a sub-division of its equity shares in a 1:5 ratio, reducing the face value from ₹10 to ₹2 per share. This move will increase the total number of issued shares from 4,75,28,061 to 23,76,40,305 to improve retail liquidity. Furthermore, the company is significantly expanding its Memorandum of Association to include high-growth sectors such as Artificial Intelligence (AI), Machine Learning, and Digital Commerce. This strategic pivot comes as the stock has seen a 46.3% decline over the last 12 months despite a TTM PAT of ₹64 crore.

Sub-division of 1 equity share of face value ₹10 into 5 equity shares of face value ₹2 each.
Total issued and paid-up equity shares to increase from 4,75,28,061 to 23,76,40,305.
Authorised share capital remains unchanged at ₹60,00,00,000.
Addition of new business objects including AI, Cloud Computing, and E-commerce platforms to the MoA.
Board meeting concluded within 30 minutes (4:30 PM to 5:00 PM) on July 21, 2026.

💡 Investors should monitor the announcement of the 'Record Date' to determine eligibility for the split and watch for any concrete contract wins in the newly added IT/AI business segments.

1:5 Stock Split and Expansion into IT, AI, and Logistics Services Approved

🟢 POSITIVE ⭐ 6/10

BOARD_MEETING 📅 21 Jul 2026, 06:23 PM

TCC Concept Ltd has approved a 1:5 stock split, reducing the face value of its equity shares from Rs 10 to Rs 2 to improve liquidity and retail participation. Alongside the split, the board approved a major expansion of its business objects to include IT services, AI, machine learning, and digital commerce. This strategic pivot follows the company's recent Rs 7.5 Cr acquisition of Pepcart Logistics. While the stock has declined 46.3% over the past year, these moves signal an intent to diversify beyond traditional trading into higher-growth technology sectors.

Approved sub-division of 1 equity share (Rs 10 face value) into 5 equity shares (Rs 2 face value)
Post-split issued and paid-up share count will increase from 4,75,28,061 to 23,76,40,305 shares
Authorized share capital remains unchanged at Rs 60 Cr, but share count increases to 30,00,00,000
New business objects added include AI, Cloud Computing, Data Analytics, and E-commerce fulfillment
The company aims to provide end-to-end transaction facilitation and technology-driven products

💡 Investors should monitor the announcement of the record date for the stock split and watch for specific revenue guidance or contract wins in the newly added IT and AI segments to validate the diversification strategy.

Board Meeting on July 21 to Consider Stock Split of Rs. 10 Face Value Shares

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 16 Jul 2026, 08:13 PM

TCC Concept Ltd has scheduled a board meeting for July 21, 2026, to consider a sub-division (stock split) of its equity shares. The shares currently have a face value of Rs. 10 each. This corporate action is subject to board and shareholder approval. Additionally, the trading window for insiders has been closed since July 1, 2026, in anticipation of the Q1 financial results.

Board meeting scheduled for July 21, 2026, to discuss share sub-division
Current equity shares have a face value of Rs. 10/- each
Trading window for insiders closed from July 01, 2026, until 48 hours after Q1 results
Proposal is subject to shareholder and regulatory approvals

💡 Investors should monitor the outcome of the July 21 board meeting to identify the specific split ratio and the subsequent timeline for the record date.

35 New Stores: Pepperfry (TCC Subsidiary) Announces Expansion and First Profitable Quarter

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 08 Jul 2026, 02:00 PM

TCC Concept Limited's subsidiary, Pepperfry, has announced an accelerated retail expansion plan to add 35 new stores by the end of August 2026, targeting the upcoming festive season. This expansion is part of a broader strategy to reach a footprint of over 250 stores in the near term. Crucially, the company disclosed that Q4 FY26 was the first profitable quarter in Pepperfry's history, signaling a major operational turnaround. The expansion focuses on metros, Tier 1, and Tier 2 cities using an omnichannel 'One Funnel' model.

35 new stores to be added by the end of August 2026 ahead of the festive season
Q4 FY26 marked the first profitable quarter in the history of the subsidiary
Targeting a total retail footprint of over 250 stores in the near term
Current retail presence spans across 80 cities in India
Platform integrates products from 1000s of D2C brands into its omnichannel ecosystem

💡 Investors should monitor the successful rollout of the 35 stores by the August 2026 deadline and track if the profitability achieved in Q4 FY26 is sustained in the subsequent quarters of FY27.

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💰 Financial Performance

Capital Expenditure

INR 7.5 Crores was allocated for the 100% acquisition of Pepcart Logistics Private Limited to consolidate the group structure.

⚙️ Operational Drivers

Raw Materials

Not applicable as the company operates in logistics and supply chain services.

Logistics & Distribution

The company invested INR 7.5 Crores to acquire 100% of Pepcart Logistics to internalize and control logistics and distribution services.

📈 Strategic Growth

Growth Strategy

The company is pursuing growth through the 100% acquisition of Pepcart Logistics Private Limited for INR 7.5 Crores, aiming to simplify the group structure and enhance operational control over its supply chain services. This move is intended to realize long-term shareholder value by integrating step-down subsidiaries into direct wholly-owned entities.

Products & Services

Logistics and Supply Chain Services; Management and holding services for material subsidiaries like Brantford Limited.

Brand Portfolio

TCC Concept, Pepcart Logistics, Brantford.

🌍 External Factors

Industry Trends

The logistics and supply chain industry is seeing a trend toward simplified corporate structures for better operational control. TCC is positioning itself by acquiring 100% of its step-down subsidiary Pepcart to streamline its service delivery model.

Competitive Moat

The company's moat lies in its consolidated group structure with 100% ownership of key operational entities like Pepcart Logistics and material subsidiaries like Brantford Limited, which allows for unified management and reduced overhead from complex step-down arrangements.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with the Code on Wages 2019, the Code on Social Security 2019, and the Trade Marks Act 1999 is required for operations. The company must also adhere to SEBI LODR 2015 and Companies Act 2013 standards.

Legal Contingencies

No major pending court cases or specific events with a major bearing on affairs were reported by the secretarial auditor for the period ending March 31, 2025.

⚠️ Risk Analysis

Key Uncertainties

Integration risks associated with the 100% acquisition of Pepcart Logistics and potential regulatory penalties due to inadvertent filing errors, such as the missed PDF format intimation for trading window closure in Q2 FY25.