Indian Card Clothing Company Ltd

Indian Card Clothing Company Ltd

₹ 276 -1.18%
21 Feb - close price
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

  • Market Cap 165 Cr.
  • Current Price 276
  • High / Low 353 / 202
  • Stock P/E 17.8
  • Book Value 414
  • Dividend Yield 0.00 %
  • ROCE 1.22 %
  • ROE 1.44 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.67 times its book value
  • Company has delivered good profit growth of 21.8% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 138%

Cons

  • The company has delivered a poor sales growth of -1.56% over past five years.
  • Company has a low return on equity of 0.29% over last 3 years.
  • Earnings include an other income of Rs.18.9 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

Sector: Textiles Industry: Textile Machinery

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.84 17.49 15.00 16.63 17.11 18.17 16.77 17.21 17.12 15.01 15.04 15.51 12.63
14.17 16.21 14.70 16.06 16.53 18.00 16.78 17.11 16.09 15.00 14.76 15.28 15.37
Operating Profit 0.67 1.28 0.30 0.57 0.58 0.17 -0.01 0.10 1.03 0.01 0.28 0.23 -2.74
OPM % 4.51% 7.32% 2.00% 3.43% 3.39% 0.94% -0.06% 0.58% 6.02% 0.07% 1.86% 1.48% -21.69%
1.56 1.13 0.26 0.43 1.09 224.38 1.78 1.85 3.53 2.76 3.42 8.00 4.71
Interest 0.31 0.48 0.57 0.36 0.39 0.71 0.51 0.52 0.56 0.55 0.44 0.65 0.46
Depreciation 1.01 1.20 1.04 1.07 1.14 1.26 1.14 1.20 1.30 1.33 1.17 1.21 1.54
Profit before tax 0.91 0.73 -1.05 -0.43 0.14 222.58 0.12 0.23 2.70 0.89 2.09 6.37 -0.03
Tax % 21.98% 21.92% -17.14% -55.81% 0.00% 13.53% 175.00% 56.52% -24.81% 58.43% 13.88% 13.19% -2,666.67%
0.71 0.58 -1.24 -0.66 0.13 192.45 -0.08 0.11 3.37 0.36 1.80 5.54 -0.83
EPS in Rs 1.25 0.96 -2.09 -1.11 0.50 324.06 -0.22 0.12 5.67 0.61 3.03 9.32 -1.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
82.28 74.28 74.04 85.09 79.13 64.53 71.52 57.61 61.31 53.98 66.51 66.11 58.19
65.23 64.75 75.62 79.46 74.85 68.71 79.17 73.49 63.25 53.41 64.90 65.00 60.41
Operating Profit 17.05 9.53 -1.58 5.63 4.28 -4.18 -7.65 -15.88 -1.94 0.57 1.61 1.11 -2.22
OPM % 20.72% 12.83% -2.13% 6.62% 5.41% -6.48% -10.70% -27.56% -3.16% 1.06% 2.42% 1.68% -3.82%
6.16 2.58 14.20 2.88 30.40 23.92 -7.46 3.17 4.80 3.45 226.16 9.94 18.89
Interest 1.31 1.19 1.60 1.20 0.93 1.88 2.45 2.62 2.80 1.73 2.03 2.14 2.10
Depreciation 5.53 5.69 7.75 10.48 7.75 6.30 5.44 4.30 4.20 4.11 4.52 7.62 5.25
Profit before tax 16.37 5.23 3.27 -3.17 26.00 11.56 -23.00 -19.63 -4.14 -1.82 221.22 1.29 9.32
Tax % 27.06% 49.33% 23.55% 13.56% 17.73% 25.52% 21.13% -4.43% -23.19% -34.62% 13.81% 14.73%
11.94 2.65 2.51 -2.74 21.39 8.60 -18.15 -20.49 -5.10 -2.44 190.67 3.75 6.87
EPS in Rs 25.69 5.95 5.71 -6.28 39.68 19.05 -40.06 -45.13 -11.12 -3.87 321.37 6.16 11.56
Dividend Payout % 48.65% 58.76% 52.50% -39.77% 36.53% 62.98% 0.00% 0.00% 0.00% 0.00% 7.78% 405.74%
Compounded Sales Growth
10 Years: -1%
5 Years: -2%
3 Years: 3%
TTM: -16%
Compounded Profit Growth
10 Years: 5%
5 Years: 22%
3 Years: 35%
TTM: 70%
Stock Price CAGR
10 Years: 13%
5 Years: 22%
3 Years: 27%
1 Year: 30%
Return on Equity
10 Years: -4%
5 Years: -4%
3 Years: 0%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 4.55 4.55 4.55 4.55 4.55 4.55 4.55 4.55 4.55 5.94 5.94 5.94 5.94
Reserves 87.60 89.60 90.81 86.51 96.69 99.70 80.00 59.24 54.31 65.56 256.51 232.53 239.82
11.61 16.78 15.43 14.40 7.69 11.74 12.16 12.68 17.65 21.81 19.19 20.87 22.88
30.25 34.27 31.48 28.26 41.38 32.14 54.13 34.29 23.72 21.12 19.78 21.99 22.07
Total Liabilities 134.01 145.20 142.27 133.72 150.31 148.13 150.84 110.76 100.23 114.43 301.42 281.33 290.71
59.47 59.94 67.97 60.91 46.04 41.93 37.14 34.29 32.64 41.96 50.54 48.54 52.56
CWIP 3.21 17.72 4.05 3.30 3.27 1.62 0.56 0.39 0.61 0.36 0.04 0.56 0.42
Investments 29.18 26.37 27.15 25.10 50.34 63.03 64.54 27.00 15.09 7.77 30.42 149.82 184.45
42.15 41.17 43.10 44.41 50.66 41.55 48.60 49.08 51.89 64.34 220.42 82.41 53.28
Total Assets 134.01 145.20 142.27 133.72 150.31 148.13 150.84 110.76 100.23 114.43 301.42 281.33 290.71

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5.16 3.84 6.07 6.22 23.65 -13.93 0.16 -34.54 -11.47 -2.04 -0.09 2.96
8.81 -10.75 2.25 -1.30 0.57 20.12 1.88 36.07 13.02 -1.95 166.76 -120.93
-4.65 6.84 -6.58 -3.99 -15.32 -17.48 -1.73 -0.88 2.38 17.07 -4.59 -30.84
Net Cash Flow -1.00 -0.07 1.74 0.93 8.91 -11.29 0.30 0.65 3.94 13.08 162.08 -148.81

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 60.24 64.03 78.97 54.86 55.03 66.91 66.86 69.88 66.68 78.71 74.96 85.52
Inventory Days 247.42 309.27 209.25 216.24 193.48 292.35 264.91 263.64 231.39 237.07 154.30 212.82
Days Payable 78.18 123.48 79.51 53.58 128.75 177.53 216.86 169.73 153.30 147.12 116.85 178.52
Cash Conversion Cycle 229.48 249.81 208.72 217.53 119.76 181.73 114.90 163.79 144.76 168.66 112.41 119.82
Working Capital Days 71.42 79.65 85.19 75.32 15.45 72.51 -13.68 78.69 84.06 92.97 83.58 73.38
ROCE % 12.61% 4.82% 0.66% -2.76% -1.17% -5.32% -6.83% -18.96% -5.53% -0.62% 1.37% 1.22%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.25% 0.25%
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% 32.64% 32.64% 32.64% 32.64% 32.64% 32.65% 32.39% 32.39%
No. of Shareholders 7,8517,9197,8927,6207,3458,6739,8919,95710,0119,6609,97810,510

* 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.

Click on the line-items to see the names of individual entities.

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