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

₹ 341 -1.56%
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 ₹ 202 Cr.
  • Current Price ₹ 341
  • High / Low ₹ 452 / 215
  • Stock P/E 9.72
  • Book Value ₹ 569
  • Dividend Yield 0.00 %
  • ROCE 8.10 %
  • ROE 7.12 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.60 times its book value
  • Company has delivered good profit growth of 35.3% 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 -7.27% over past five years.
  • Company has a low return on equity of 3.83% over last 3 years.
  • Earnings include an other income of Rs.121 Cr.
  • Working capital days have increased from 213 days to 399 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

Consolidated Figures in Rs. Crores / View Standalone

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
18 17 17 17 15 15 16 13 12 10 11 11 10
18 17 17 16 15 15 15 15 15 14 14 14 14
Operating Profit 0 -0 0 1 0 0 0 -3 -3 -4 -2 -3 -4
OPM % 1% -0% 1% 6% 0% 2% 1% -22% -25% -42% -22% -31% -35%
224 2 2 4 3 3 8 5 4 78 12 4 26
Interest 1 1 1 1 1 0 1 0 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 2 1 1 1 1 1
Profit before tax 223 0 0 3 1 2 6 -0 -1 72 8 -1 20
Tax % 14% 175% 57% -25% 58% 14% 13% 2,667% -251% 8% 3% -71% 14%
192 -0 0 3 0 2 6 -1 1 67 8 -0 17
EPS in Rs 324.06 -0.22 0.12 5.67 0.61 3.03 9.32 -1.40 2.46 112.50 13.15 -0.42 29.42
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
74 85 79 65 72 58 61 54 67 66 55 42
76 79 75 69 79 73 63 53 65 65 60 56
Operating Profit -2 6 4 -4 -8 -16 -2 1 2 1 -5 -14
OPM % -2% 7% 5% -6% -11% -28% -3% 1% 2% 2% -9% -32%
14 3 30 24 -7 3 5 3 226 10 19 121
Interest 2 1 1 2 2 3 3 2 2 2 2 3
Depreciation 8 10 8 6 5 4 4 4 5 7 5 5
Profit before tax 3 -3 26 12 -23 -20 -4 -2 221 2 7 100
Tax % 24% -14% 18% 26% -21% 4% 23% 35% 14% 10% -7% 8%
3 -3 21 9 -18 -20 -5 -2 191 4 8 92
EPS in Rs 5.71 -6.28 39.68 19.05 -40.06 -45.13 -11.12 -3.87 321.37 6.16 13.42 154.63
Dividend Payout % 52% -40% 37% 63% 0% 0% 0% 0% 8% 406% 0% 0%
Compounded Sales Growth
10 Years: -7%
5 Years: -7%
3 Years: -14%
TTM: -24%
Compounded Profit Growth
10 Years: 22%
5 Years: 35%
3 Years: 242%
TTM: 270%
Stock Price CAGR
10 Years: 13%
5 Years: 31%
3 Years: 10%
1 Year: 28%
Return on Equity
10 Years: -1%
5 Years: 3%
3 Years: 4%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 91 87 97 100 80 59 54 66 257 233 240 332
15 14 8 12 12 13 18 22 19 21 25 17
31 28 41 32 54 34 24 21 20 22 21 21
Total Liabilities 142 134 150 148 151 111 100 114 301 281 292 377
68 61 46 42 37 34 33 42 51 49 35 34
CWIP 4 3 3 2 1 0 1 0 0 1 0 1
Investments 27 25 50 63 65 27 15 8 30 150 182 250
43 44 51 42 49 49 52 64 220 82 74 93
Total Assets 142 134 150 148 151 111 100 114 301 281 292 377

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

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 6 24 -14 0 -35 -11 -2 -0 3 2 -17
2 -1 1 20 2 36 13 -2 167 -121 -21 57
-7 -4 -15 -17 -2 -1 2 17 -5 -31 -2 -12
Net Cash Flow 2 1 9 -11 0 1 4 13 162 -149 -21 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 79 55 55 67 67 70 67 79 75 86 74 75
Inventory Days 209 216 193 292 265 264 231 237 154 213 213 317
Days Payable 80 54 129 178 217 170 153 147 117 179 238 331
Cash Conversion Cycle 209 218 120 182 115 164 145 169 112 120 50 61
Working Capital Days 85 75 15 73 -14 79 84 93 84 73 167 399
ROCE % 1% -3% -1% -5% -7% -19% -6% -1% 1% 1% 2% 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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