Indian Card Clothing Company Ltd

₹ 263 -0.44%

22 Nov - 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 ₹ 156 Cr.
Current Price ₹ 263
High / Low ₹ 353 / 227
Stock P/E 8.55
Book Value ₹ 543
Dividend Yield 0.00 %
ROCE 3.30 %
ROE 2.99 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Stock is trading at 0.48 times its book value
Company has delivered good profit growth of 18.8% CAGR over last 5 years

Cons

The company has delivered a poor sales growth of 1.19% over past five years.
Company has a low return on equity of 2.11% over last 3 years.
Earnings include an other income of Rs.95.8 Cr.
Working capital days have increased from 111 days to 190 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

Sector: Textiles Industry: Textiles - Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	13.54	15.04	15.32	14.12	14.80	14.78	13.26	13.03	13.45	11.00	11.61	8.03	9.76
	13.04	13.94	14.96	13.98	14.56	13.15	12.71	12.26	13.61	13.32	12.66	12.18	11.79
Operating Profit	0.50	1.10	0.36	0.14	0.24	1.63	0.55	0.77	-0.16	-2.32	-1.05	-4.15	-2.03
OPM %	3.69%	7.31%	2.35%	0.99%	1.62%	11.03%	4.15%	5.91%	-1.19%	-21.09%	-9.04%	-51.68%	-20.80%
	0.43	1.09	224.35	1.78	1.85	3.53	2.76	3.42	7.99	4.70	0.83	77.90	12.35
Interest	0.36	0.39	0.72	0.51	0.51	0.55	0.55	0.43	0.64	0.46	0.59	0.53	0.61
Depreciation	1.01	1.07	1.19	1.08	1.13	1.22	1.25	1.10	1.14	1.47	0.92	1.00	1.05
Profit before tax	-0.44	0.73	222.80	0.33	0.45	3.39	1.51	2.66	6.05	0.45	-1.73	72.22	8.66
Tax %	56.82%	15.07%	13.53%	54.55%	24.44%	-19.47%	35.10%	14.29%	13.06%	175.56%	-138.73%	7.81%	2.42%
	-0.68	0.62	192.65	0.15	0.34	4.05	0.98	2.29	5.26	-0.34	0.67	66.58	8.46
EPS in Rs	-1.14	1.04	324.27	0.25	0.57	6.82	1.65	3.85	8.85	-0.57	1.13	112.07	14.24
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
	62	69	68	66	52	59	46	51	45	56	57	49	40
	52	62	64	61	55	67	62	52	43	53	54	52	50
Operating Profit	11	7	3	5	-4	-8	-15	-1	2	2	3	-3	-10
OPM %	17%	10%	5%	7%	-7%	-13%	-33%	-2%	5%	4%	4%	-6%	-24%
	3	5	3	20	29	-8	3	5	3	226	10	17	96
Interest	1	2	1	1	2	2	3	3	2	2	2	2	2
Depreciation	5	7	10	7	6	5	4	4	4	4	7	5	4
Profit before tax	7	3	-5	17	18	-23	-19	-3	-0	222	4	7	80
Tax %	36%	24%	-18%	19%	17%	-22%	4%	32%	389%	14%	4%	-6%
	5	2	-4	14	15	-18	-20	-4	-1	191	6	8	75
EPS in Rs	10.17	5.19	-8.42	29.88	31.93	-39.13	-43.22	-9.18	-1.50	322.06	9.29	13.26	126.87
Dividend Payout %	34%	58%	-30%	49%	38%	0%	0%	0%	0%	8%	269%	0%

Compounded Sales Growth
10 Years:	-3%
5 Years:	1%
3 Years:	3%
TTM:	-26%

Compounded Profit Growth
10 Years:	37%
5 Years:	19%
3 Years:	136%
TTM:	27%

Stock Price CAGR
10 Years:	9%
5 Years:	20%
3 Years:	12%
1 Year:	-1%

Return on Equity
10 Years:	-2%
5 Years:	1%
3 Years:	2%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	5	5	5	5	5	5	5	5	6	6	6	6	6
Reserves	85	86	81	86	98	79	59	54	67	258	234	242	317
	15	14	13	8	10	12	13	17	22	19	21	23	23
	30	27	23	30	27	48	28	17	14	13	20	19	19
Total Liabilities	134	131	121	129	140	143	104	93	108	296	281	289	365
	56	64	57	45	40	35	33	31	41	49	47	32	32
CWIP	17	3	3	3	1	1	0	1	0	0	1	0	1
Investments	28	29	27	52	65	66	29	17	10	34	156	186	282
	33	35	35	29	34	41	42	45	58	213	77	70	50
Total Assets	134	131	121	129	140	143	104	93	108	296	281	289	365

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	8	6	4	12	-6	0	-35	-11	-2	2	3	1
	-10	2	-1	5	17	1	36	13	-2	165	-121	-20
	3	-7	-3	-17	-11	-1	-1	1	17	-5	-31	-2
Net Cash Flow	0	2	0	0	0	0	-0	4	13	162	-149	-21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	56	67	49	51	70	66	71	72	81	77	91	81
Inventory Days	335	203	215	184	314	264	259	200	206	119	197	207
Days Payable	119	72	38	61	193	251	190	172	158	111	195	241
Cash Conversion Cycle	272	198	226	174	191	79	139	101	129	84	93	47
Working Capital Days	68	65	67	15	69	-47	65	74	86	73	71	190
ROCE %	7%	0%	-5%	-1%	-0%	-7%	-19%	-5%	1%	2%	2%	3%

Shareholding Pattern

Numbers in percentages

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	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%	0.25%	0.25%	0.26%	0.25%	0.22%
	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%	32.65%	32.39%	32.39%	32.39%	32.39%	32.42%
No. of Shareholders	7,620	7,345	8,673	9,891	9,957	10,011	9,660	9,978	10,510	10,800	10,502	10,296

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	57.35%	57.35%	57.35%	57.35%	57.35%	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%	0.26%	0.22%
	0.05%	0.05%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%
	42.60%	42.60%	42.60%	42.60%	42.60%	32.64%	32.64%	32.64%	32.39%	32.42%
No. of Shareholders	9,747	10,094	9,201	8,914	8,325	7,851	7,345	10,011	10,800	10,296

* 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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Indian Card Clothing Company Ltd

Indian Card Clothing Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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