Indian Card Clothing Company Ltd
Incorporated in1975, Indian Card Clothing Company is in the business of card clothing and real estate[1]
- Market Cap ₹ 159 Cr.
- Current Price ₹ 268
- High / Low ₹ 353 / 205
- Stock P/E 19.9
- Book Value ₹ 414
- Dividend Yield 0.00 %
- ROCE 3.65 %
- ROE 3.31 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.64 times its book value
- Company has delivered good profit growth of 19.0% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of -0.76% over past five years.
- Tax rate seems low
- Company has a low return on equity of 1.84% over last 3 years.
- Earnings include an other income of Rs.19.9 Cr.
- Working capital days have increased from 131 days to 237 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: Textile Machinery
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
74.28 | 74.04 | 85.09 | 79.13 | 64.53 | 71.52 | 57.61 | 61.31 | 53.98 | 66.51 | 66.11 | 55.46 | |
64.75 | 75.62 | 79.46 | 74.85 | 68.71 | 79.17 | 73.49 | 63.25 | 53.41 | 64.90 | 65.00 | 60.77 | |
Operating Profit | 9.53 | -1.58 | 5.63 | 4.28 | -4.18 | -7.65 | -15.88 | -1.94 | 0.57 | 1.61 | 1.11 | -5.31 |
OPM % | 12.83% | -2.13% | 6.62% | 5.41% | -6.48% | -10.70% | -27.56% | -3.16% | 1.06% | 2.42% | 1.68% | -9.57% |
2.58 | 14.20 | 2.88 | 30.40 | 23.92 | -7.46 | 3.17 | 4.80 | 3.45 | 226.16 | 9.94 | 19.86 | |
Interest | 1.19 | 1.60 | 1.20 | 0.93 | 1.88 | 2.45 | 2.62 | 2.80 | 1.73 | 2.03 | 2.14 | 2.15 |
Depreciation | 5.69 | 7.75 | 10.48 | 7.75 | 6.30 | 5.44 | 4.30 | 4.20 | 4.11 | 4.52 | 7.62 | 4.94 |
Profit before tax | 5.23 | 3.27 | -3.17 | 26.00 | 11.56 | -23.00 | -19.63 | -4.14 | -1.82 | 221.22 | 1.29 | 7.46 |
Tax % | 49.33% | 23.55% | 13.56% | 17.73% | 25.52% | 21.13% | -4.43% | -23.19% | -34.62% | 13.81% | 14.73% | -6.84% |
2.65 | 2.51 | -2.74 | 21.39 | 8.60 | -18.15 | -20.49 | -5.10 | -2.44 | 190.67 | 3.75 | 7.97 | |
EPS in Rs | 5.95 | 5.71 | -6.28 | 39.68 | 19.05 | -40.06 | -45.13 | -11.12 | -3.87 | 321.37 | 6.16 | 13.42 |
Dividend Payout % | 58.76% | 52.50% | -39.77% | 36.53% | 62.98% | 0.00% | 0.00% | 0.00% | 0.00% | 7.78% | 405.74% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -3% |
5 Years: | -1% |
3 Years: | 1% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 19% |
3 Years: | 70% |
TTM: | 123% |
Stock Price CAGR | |
---|---|
10 Years: | 6% |
5 Years: | 22% |
3 Years: | 20% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | -3% |
5 Years: | 0% |
3 Years: | 2% |
Last Year: | 3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 | 89.60 | 90.81 | 86.51 | 96.69 | 99.70 | 80.00 | 59.24 | 54.31 | 65.56 | 256.51 | 232.53 | 240.31 |
16.78 | 15.43 | 14.40 | 7.69 | 11.74 | 12.16 | 12.68 | 17.65 | 21.81 | 19.19 | 20.87 | 24.97 | |
34.27 | 31.48 | 28.26 | 41.38 | 32.14 | 54.13 | 34.29 | 23.72 | 21.12 | 19.78 | 21.99 | 20.86 | |
Total Liabilities | 145.20 | 142.27 | 133.72 | 150.31 | 148.13 | 150.84 | 110.76 | 100.23 | 114.43 | 301.42 | 281.33 | 292.08 |
59.94 | 67.97 | 60.91 | 46.04 | 41.93 | 37.14 | 34.29 | 32.64 | 41.96 | 50.54 | 48.54 | 35.52 | |
CWIP | 17.72 | 4.05 | 3.30 | 3.27 | 1.62 | 0.56 | 0.39 | 0.61 | 0.36 | 0.04 | 0.56 | 0.37 |
Investments | 26.37 | 27.15 | 25.10 | 50.34 | 63.03 | 64.54 | 27.00 | 15.09 | 7.77 | 30.42 | 149.82 | 181.96 |
41.17 | 43.10 | 44.41 | 50.66 | 41.55 | 48.60 | 49.08 | 51.89 | 64.34 | 220.42 | 82.41 | 74.23 | |
Total Assets | 145.20 | 142.27 | 133.72 | 150.31 | 148.13 | 150.84 | 110.76 | 100.23 | 114.43 | 301.42 | 281.33 | 292.08 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3.84 | 6.07 | 6.22 | 23.65 | -13.93 | 0.16 | -34.54 | -11.47 | -2.04 | -0.09 | 2.96 | 1.55 | |
-10.75 | 2.25 | -1.30 | 0.57 | 20.12 | 1.88 | 36.07 | 13.02 | -1.95 | 166.76 | -120.93 | -20.78 | |
6.84 | -6.58 | -3.99 | -15.32 | -17.48 | -1.73 | -0.88 | 2.38 | 17.07 | -4.59 | -30.84 | -2.11 | |
Net Cash Flow | -0.07 | 1.74 | 0.93 | 8.91 | -11.29 | 0.30 | 0.65 | 3.94 | 13.08 | 162.08 | -148.81 | -21.34 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 64.03 | 78.97 | 54.86 | 55.03 | 66.91 | 66.86 | 69.88 | 66.68 | 78.71 | 74.96 | 85.52 | 74.24 |
Inventory Days | 309.27 | 209.25 | 216.24 | 193.48 | 292.35 | 264.91 | 263.64 | 231.39 | 237.07 | 154.30 | 212.82 | 213.12 |
Days Payable | 123.48 | 79.51 | 53.58 | 128.75 | 177.53 | 216.86 | 169.73 | 153.30 | 147.12 | 116.85 | 178.52 | 237.62 |
Cash Conversion Cycle | 249.81 | 208.72 | 217.53 | 119.76 | 181.73 | 114.90 | 163.79 | 144.76 | 168.66 | 112.41 | 119.82 | 49.74 |
Working Capital Days | 79.65 | 85.19 | 75.32 | 15.45 | 72.51 | -13.68 | 78.69 | 84.06 | 92.97 | 83.58 | 73.38 | 236.53 |
ROCE % | 4.82% | 0.66% | -2.76% | -1.17% | -5.32% | -6.83% | -18.96% | -5.53% | -0.62% | 1.37% | 1.22% |
Documents
Announcements
- Closure of Trading Window 25 Jun
- Update In Respect Of Our Previous Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ['Listing Regulations'] Submitted To You On May 20, 2024 22 Jun
- Disclosure Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015 11 Jun
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Jun - Notice to the Shareholders published in the newspapers
- The Annual Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Year Ended March 31, 2024, Together With The Auditors Report 29 May
Annual reports
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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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Financial Year 2010
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Financial Year 2009
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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