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

₹ 214 -0.20%
11 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 ₹ 127 Cr.
  • Current Price ₹ 214
  • High / Low ₹ 362 / 153
  • Stock P/E 25.2
  • Book Value ₹ 579
  • Dividend Yield 0.00 %
  • ROCE 2.10 %
  • ROE 1.48 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.37 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -4.70% over past five years.
  • Company has a low return on equity of 3.61% over last 3 years.
  • Earnings include an other income of Rs.21.0 Cr.
  • Debtor days have increased from 93.1 to 113 days.
  • Working capital days have increased from 440 days to 1,188 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
13.26 13.03 13.45 11.00 11.61 8.03 9.76 9.44 8.85 9.02 8.46 9.39 8.23
12.71 12.26 13.61 13.32 12.66 12.18 11.79 12.76 12.68 11.46 12.54 12.10 12.62
Operating Profit 0.55 0.77 -0.16 -2.32 -1.05 -4.15 -2.03 -3.32 -3.83 -2.44 -4.08 -2.71 -4.39
OPM % 4.15% 5.91% -1.19% -21.09% -9.04% -51.68% -20.80% -35.17% -43.28% -27.05% -48.23% -28.86% -53.34%
2.76 3.42 7.99 4.70 0.83 77.90 12.35 4.27 25.49 7.15 11.37 3.88 1.46
Interest 0.55 0.43 0.64 0.46 0.59 0.53 0.61 0.74 0.68 0.27 0.21 0.18 0.13
Depreciation 1.25 1.10 1.14 1.47 0.92 1.00 1.05 1.07 1.14 0.93 0.97 1.05 1.03
Profit before tax 1.51 2.66 6.05 0.45 -1.73 72.22 8.66 -0.86 19.84 3.51 6.11 -0.06 -4.09
Tax % 35.10% 14.29% 13.06% 175.56% -138.73% 7.81% 2.42% -69.77% 13.96% 16.52% 19.80% -100.00% -11.49%
0.98 2.29 5.26 -0.34 0.67 66.58 8.46 -0.26 17.07 2.93 4.90 0.00 -3.62
EPS in Rs 1.65 3.85 8.85 -0.57 1.13 112.07 14.24 -0.44 28.73 4.93 8.25 0.00 -6.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
67.84 65.83 51.52 59.19 46.27 51.28 44.64 55.53 56.96 49.09 36.09 35.09
64.48 61.16 55.20 66.78 61.59 52.48 42.53 53.35 54.40 51.85 49.41 45.88
Operating Profit 3.36 4.67 -3.68 -7.59 -15.32 -1.20 2.11 2.18 2.56 -2.76 -13.32 -10.79
OPM % 4.95% 7.09% -7.14% -12.82% -33.11% -2.34% 4.73% 3.93% 4.49% -5.62% -36.91% -30.75%
3.22 20.28 29.19 -7.55 3.12 4.77 3.29 226.14 9.92 16.94 120.01 21.03
Interest 1.12 0.81 1.84 2.41 2.60 2.78 1.71 2.04 2.12 2.12 2.57 0.79
Depreciation 10.12 7.40 6.06 5.17 4.04 3.95 3.87 4.26 6.63 4.62 4.25 3.99
Profit before tax -4.66 16.74 17.61 -22.72 -18.84 -3.16 -0.18 222.02 3.73 7.44 99.87 5.46
Tax % -17.60% 18.70% 17.49% -21.65% 4.41% 31.96% 388.89% 13.82% 4.02% -6.05% 8.03% 23.08%
-3.83 13.60 14.53 -17.81 -19.67 -4.18 -0.89 191.34 5.52 7.88 91.85 4.20
EPS in Rs -8.42 29.88 31.93 -39.13 -43.22 -9.18 -1.50 322.06 9.29 13.26 154.60 7.07
Dividend Payout % -29.70% 48.51% 37.58% 0.00% 0.00% 0.00% 0.00% 7.76% 269.02% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -6%
5 Years: -5%
3 Years: -15%
TTM: -3%
Compounded Profit Growth
10 Years: 18%
5 Years: 58%
3 Years: -2%
TTM: -74%
Stock Price CAGR
10 Years: -1%
5 Years: 5%
3 Years: -2%
1 Year: -35%
Return on Equity
10 Years: 0%
5 Years: 3%
3 Years: 4%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4.55 4.55 4.55 4.55 4.55 4.55 5.94 5.94 5.94 5.94 5.94 5.94
Reserves 80.79 86.44 97.81 78.63 58.75 54.46 66.76 258.20 233.89 241.53 333.29 337.93
12.70 7.58 10.34 12.02 12.63 17.43 21.65 18.95 20.58 22.53 14.84 1.47
23.18 29.98 27.22 47.61 27.75 16.78 14.11 12.70 20.34 18.77 19.94 19.03
Total Liabilities 121.22 128.55 139.92 142.81 103.68 93.22 108.46 295.79 280.75 288.77 374.01 364.37
57.02 44.62 39.88 35.43 32.72 31.08 40.57 49.07 47.06 32.29 30.73 23.66
CWIP 2.69 2.66 1.01 0.56 0.39 0.61 0.36 0.04 0.56 0.50 0.59 0.71
Investments 26.78 52.02 64.71 66.22 28.68 16.77 9.95 34.10 156.48 186.01 253.84 275.03
34.73 29.25 34.32 40.60 41.89 44.76 57.58 212.58 76.65 69.97 88.85 64.97
Total Assets 121.22 128.55 139.92 142.81 103.68 93.22 108.46 295.79 280.75 288.77 374.01 364.37

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
4.12 11.82 -5.90 0.03 -35.38 -10.68 -1.58 1.53 2.93 0.96 -16.43 -15.70
-0.80 4.78 16.99 1.10 36.15 13.21 -2.37 165.47 -121.40 -20.49 56.85 -3.49
-2.97 -16.61 -10.77 -0.68 -0.78 1.37 17.15 -4.67 -30.87 -1.95 -11.27 -14.55
Net Cash Flow 0.35 0.00 0.32 0.46 -0.01 3.91 13.21 162.32 -149.35 -21.49 29.15 -33.74
Free Cash Flow 1.77 36.38 9.90 -0.64 -39.72 -11.00 -12.98 216.06 -2.17 -4.31 63.98 -18.98
CFO/OP 98% 327% 152% -14% 229% 841% -100% 70% 153% -29% 100% 156%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 48.69 51.01 69.57 65.61 70.60 72.10 80.78 76.64 91.31 81.42 85.46 112.55
Inventory Days 215.33 184.00 313.96 264.15 258.66 200.48 206.14 118.73 197.13 221.74 287.89 372.97
Days Payable 37.66 60.57 192.82 250.64 190.29 171.84 158.12 110.96 195.37 258.30 330.62 234.67
Cash Conversion Cycle 226.36 174.44 190.71 79.12 138.97 100.74 128.81 84.40 93.07 44.86 42.73 250.85
Working Capital Days 12.54 -17.30 2.62 -114.88 -12.07 4.13 59.03 73.35 70.68 188.49 -56.13 1,187.78
ROCE % -4.57% -1.13% -0.26% -7.09% -19.46% -4.69% 1.24% 1.85% 2.12% 3.30% 7.38% 2.10%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Export Sales (Card Clothing)
INR Lakhs

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Material Cost as % of Net Sales
%
Total Card Clothing Sales (Net)
INR Lakhs

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Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
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% 0.25% 0.25% 0.26% 0.25% 0.22% 0.22% 0.14% 0.14% 0.01% 0.00% 0.00%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03%
32.65% 32.39% 32.39% 32.39% 32.39% 32.42% 32.42% 32.50% 32.51% 32.64% 32.63% 32.64%
No. of Shareholders 9,6609,97810,51010,80010,50210,29610,48110,24910,29210,37410,20110,045

* 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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