Indian Card Clothing Company Ltd

Indian CardCloth Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indian Card Clothing Company Ltd

₹ 334 1.76%
13 Jun - close price
cardindia.com BSE: 509692 NSE: INDIANCARD
About

Incorporated in1975, Indian Card Clothing Company is in the business of card clothing and real estate[1]

Key Points

Business Overview:[1][2]
Company supplies high speed card clothing sets. It manufactures card clothing and card room accessories for complete range of carding machines and supplies to textile mills across India and global markets. ICC trades in card clothing’s suitable for all types of fibres which require carding.
At present, Mauritius based, Multi Act Industrial Limited (MAIL) is the holding company of ICC with a stake of 67.33% in the equity share capital of the company. MAIL is promoted by Trivedi Family and a few other shareholders

Website BSE NSE
  • Market Cap ₹ 199 Cr.
  • Current Price ₹ 334
  • High / Low ₹ 452 / 215
  • Stock P/E 9.11
  • Book Value ₹ 571
  • Dividend Yield 0.00 %
  • ROCE 8.43 %
  • ROE 7.44 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.59 times its book value
  • Company has delivered good profit growth of 40.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -6.78% over past five years.
  • Company has a low return on equity of 4.38% over last 3 years.
  • Earnings include an other income of Rs.120 Cr.
  • Working capital days have increased from 240 days to 460 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
15 14 15 15 13 13 13 11 12 8 10 9 9
15 14 15 13 13 12 14 13 13 12 12 13 13
Operating Profit 0 0 0 2 1 1 -0 -2 -1 -4 -2 -3 -4
OPM % 2% 1% 2% 11% 4% 6% -1% -21% -9% -52% -21% -35% -43%
224 2 2 4 3 3 8 5 1 78 12 4 25
Interest 1 1 1 1 1 0 1 0 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 223 0 0 3 2 3 6 0 -2 72 9 -1 20
Tax % 14% 55% 24% -19% 35% 14% 13% 176% -139% 8% 2% -70% 14%
193 0 0 4 1 2 5 -0 1 67 8 -0 17
EPS in Rs 324.27 0.25 0.57 6.82 1.65 3.85 8.85 -0.57 1.13 112.07 14.24 -0.44 28.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
69 68 66 52 59 46 51 45 56 57 49 36
62 64 61 55 67 62 52 43 53 54 52 49
Operating Profit 7 3 5 -4 -8 -15 -1 2 2 3 -3 -13
OPM % 10% 5% 7% -7% -13% -33% -2% 5% 4% 4% -6% -37%
5 3 20 29 -8 3 5 3 226 10 17 120
Interest 2 1 1 2 2 3 3 2 2 2 2 3
Depreciation 7 10 7 6 5 4 4 4 4 7 5 4
Profit before tax 3 -5 17 18 -23 -19 -3 -0 222 4 7 100
Tax % 24% -18% 19% 17% -22% 4% 32% 389% 14% 4% -6% 8%
2 -4 14 15 -18 -20 -4 -1 191 6 8 92
EPS in Rs 5.19 -8.42 29.88 31.93 -39.13 -43.22 -9.18 -1.50 322.06 9.29 13.26 154.60
Dividend Payout % 58% -30% 49% 38% 0% 0% 0% 0% 8% 269% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: -7%
3 Years: -13%
TTM: -26%
Compounded Profit Growth
10 Years: 20%
5 Years: 40%
3 Years: 159%
TTM: 200%
Stock Price CAGR
10 Years: 13%
5 Years: 31%
3 Years: 15%
1 Year: 24%
Return on Equity
10 Years: 0%
5 Years: 3%
3 Years: 4%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 5 5 5 5 5 6 6 6 6 6
Reserves 86 81 86 98 79 59 54 67 258 234 242 333
14 13 8 10 12 13 17 22 19 21 23 15
27 23 30 27 48 28 17 14 13 20 19 20
Total Liabilities 131 121 129 140 143 104 93 108 296 281 289 374
64 57 45 40 35 33 31 41 49 47 32 31
CWIP 3 3 3 1 1 0 1 0 0 1 0 1
Investments 29 27 52 65 66 29 17 10 34 156 186 254
35 35 29 34 41 42 45 58 213 77 70 89
Total Assets 131 121 129 140 143 104 93 108 296 281 289 374

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
6 4 12 -6 0 -35 -11 -2 2 3 1 -16
2 -1 5 17 1 36 13 -2 165 -121 -20 57
-7 -3 -17 -11 -1 -1 1 17 -5 -31 -2 -11
Net Cash Flow 2 0 0 0 0 -0 4 13 162 -149 -21 29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 67 49 51 70 66 71 72 81 77 91 81 85
Inventory Days 203 215 184 314 264 259 200 206 119 197 207 288
Days Payable 72 38 61 193 251 190 172 158 111 195 241 331
Cash Conversion Cycle 198 226 174 191 79 139 101 129 84 93 47 43
Working Capital Days 65 67 15 69 -47 65 74 86 73 71 190 460
ROCE % 0% -5% -1% -0% -7% -19% -5% 1% 2% 2% 3% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33% 67.33%
0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.25% 0.26% 0.25% 0.22% 0.22% 0.14%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
32.64% 32.64% 32.64% 32.64% 32.65% 32.39% 32.39% 32.39% 32.39% 32.42% 32.42% 32.50%
No. of Shareholders 8,6739,8919,95710,0119,6609,97810,51010,80010,50210,29610,48110,249

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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