Indian Card Clothing Company Ltd
Incorporated in1975, Indian Card Clothing Company is in the business of card clothing and real estate[1]
- Market Cap ₹ 151 Cr.
- Current Price ₹ 255
- High / Low ₹ 452 / 215
- Stock P/E 8.20
- Book Value ₹ 569
- Dividend Yield 0.00 %
- ROCE 7.04 %
- ROE 6.27 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.45 times its book value
- Company has delivered good profit growth of 33.4% 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.
- Tax rate seems low
- Company has a low return on equity of 3.51% over last 3 years.
- Earnings include an other income of Rs.49.9 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
74 | 85 | 79 | 65 | 72 | 58 | 61 | 54 | 67 | 66 | 55 | 42 | 42 | |
76 | 79 | 75 | 69 | 79 | 73 | 63 | 53 | 65 | 65 | 60 | 56 | 54 | |
Operating Profit | -2 | 6 | 4 | -4 | -8 | -16 | -2 | 1 | 2 | 1 | -5 | -14 | -12 |
OPM % | -2% | 7% | 5% | -6% | -11% | -28% | -3% | 1% | 2% | 2% | -9% | -32% | -29% |
14 | 3 | 30 | 24 | -7 | 3 | 5 | 3 | 226 | 10 | 19 | 121 | 50 | |
Interest | 2 | 1 | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 2 |
Depreciation | 8 | 10 | 8 | 6 | 5 | 4 | 4 | 4 | 5 | 7 | 5 | 5 | 5 |
Profit before tax | 3 | -3 | 26 | 12 | -23 | -20 | -4 | -2 | 221 | 2 | 7 | 100 | 30 |
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 | 27 | |
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 | 46.00 |
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: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 33% |
3 Years: | 186% |
TTM: | 53% |
Stock Price CAGR | |
---|---|
10 Years: | 4% |
5 Years: | 21% |
3 Years: | 4% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 6% |
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 | 58 | |
-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 | 37 | 26 | -12 | 19 | -70 | 17 | 26 | 71 | 83 | 73 | 162 | -49 |
ROCE % | 1% | -3% | -1% | -5% | -7% | -19% | -6% | -1% | 1% | 1% | 2% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Publication of the Notice convening the 71st Annual General Meeting (AGM), book closure, cut-off date and e-voting information in the newspapers
- Disclosure Under Regulation 42 Regarding The Book Closure For The Purpose Of 71St Annual General Meeting (AGM) Of The Company. 30 Aug
- Reg. 34 (1) Annual Report. 30 Aug
- Notice Of 71St AGM Of The Members Of The Company Scheduled To Take Place On Monday, September 22, 2025, At 2:00 P.M. (IST), Through Video Conferencing(VC) Facility / Other Audio Visual Means (OAVM) From The Registered Office Of The Company. 30 Aug
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Submission Of Machine-Readable Form/Legible Copy Of Financial Results For The Period Ended On 30Th June 2025
29 Aug - Q1 FY2025-26: standalone net profit Rs292.54L, consolidated Rs229.44L; auditors appointed; MR results resubmitted Aug 29, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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