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

₹ 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 10.5
  • Book Value ₹ 541
  • Dividend Yield 0.00 %
  • ROCE 2.45 %
  • ROE 2.32 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.49 times its book value

Cons

  • The company has delivered a poor sales growth of -0.76% over past five years.
  • Company has a low return on equity of 1.48% over last 3 years.
  • Earnings include an other income of Rs.99.2 Cr.
  • Working capital days have increased from 108 days to 167 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
16.63 17.11 18.17 16.77 17.21 17.12 15.01 15.04 15.51 12.63 12.27 10.02 11.23
16.06 16.53 18.00 16.78 17.11 16.09 15.00 14.76 15.28 15.37 15.34 14.22 13.69
Operating Profit 0.57 0.58 0.17 -0.01 0.10 1.03 0.01 0.28 0.23 -2.74 -3.07 -4.20 -2.46
OPM % 3.43% 3.39% 0.94% -0.06% 0.58% 6.02% 0.07% 1.86% 1.48% -21.69% -25.02% -41.92% -21.91%
0.43 1.09 224.38 1.78 1.85 3.53 2.76 3.42 8.00 4.71 3.72 78.37 12.37
Interest 0.36 0.39 0.71 0.51 0.52 0.56 0.55 0.44 0.65 0.46 0.60 0.55 0.66
Depreciation 1.07 1.14 1.26 1.14 1.20 1.30 1.33 1.17 1.21 1.54 1.02 1.16 1.23
Profit before tax -0.43 0.14 222.58 0.12 0.23 2.70 0.89 2.09 6.37 -0.03 -0.97 72.46 8.02
Tax % 55.81% 0.00% 13.53% 175.00% 56.52% -24.81% 58.43% 13.88% 13.19% 2,666.67% -250.52% 7.77% 2.74%
-0.66 0.13 192.45 -0.08 0.11 3.37 0.36 1.80 5.54 -0.83 1.46 66.84 7.81
EPS in Rs -1.11 0.50 324.06 -0.22 0.12 5.67 0.61 3.03 9.32 -1.40 2.46 112.50 13.15
Raw PDF

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 TTM
74 74 85 79 65 72 58 61 54 67 66 55 46
65 76 79 75 69 79 73 63 53 65 65 60 59
Operating Profit 10 -2 6 4 -4 -8 -16 -2 1 2 1 -5 -12
OPM % 13% -2% 7% 5% -6% -11% -28% -3% 1% 2% 2% -9% -27%
3 14 3 30 24 -7 3 5 3 226 10 19 99
Interest 1 2 1 1 2 2 3 3 2 2 2 2 2
Depreciation 6 8 10 8 6 5 4 4 4 5 7 5 5
Profit before tax 5 3 -3 26 12 -23 -20 -4 -2 221 2 7 79
Tax % 49% 24% -14% 18% 26% -21% 4% 23% 35% 14% 10% -7%
3 3 -3 21 9 -18 -20 -5 -2 191 4 8 75
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 13.42 126.71
Dividend Payout % 59% 52% -40% 37% 63% 0% 0% 0% 0% 8% 406% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: -1%
3 Years: 1%
TTM: -26%
Compounded Profit Growth
10 Years: 24%
5 Years: 18%
3 Years: 59%
TTM: 16%
Stock Price CAGR
10 Years: 9%
5 Years: 20%
3 Years: 12%
1 Year: -1%
Return on Equity
10 Years: -3%
5 Years: 0%
3 Years: 1%
Last Year: 2%

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 Sep 2024
Equity Capital 5 5 5 5 5 5 5 5 6 6 6 6 6
Reserves 90 91 87 97 100 80 59 54 66 257 233 240 315
17 15 14 8 12 12 13 18 22 19 21 25 26
34 31 28 41 32 54 34 24 21 20 22 21 21
Total Liabilities 145 142 134 150 148 151 111 100 114 301 281 292 368
60 68 61 46 42 37 34 33 42 51 49 35 35
CWIP 18 4 3 3 2 1 0 1 0 0 1 0 1
Investments 26 27 25 50 63 65 27 15 8 30 150 182 278
41 43 44 51 42 49 49 52 64 220 82 74 54
Total Assets 145 142 134 150 148 151 111 100 114 301 281 292 368

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

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 79 55 55 67 67 70 67 79 75 86 74
Inventory Days 309 209 216 193 292 265 264 231 237 154 213 213
Days Payable 123 80 54 129 178 217 170 153 147 117 179 238
Cash Conversion Cycle 250 209 218 120 182 115 164 145 169 112 120 50
Working Capital Days 80 85 75 15 73 -14 79 84 93 84 73 167
ROCE % 5% 1% -3% -1% -5% -7% -19% -6% -1% 1% 1% 2%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 7,6207,3458,6739,8919,95710,0119,6609,97810,51010,80010,50210,296

* 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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