Indian Card Clothing Company Ltd

₹ 233 -1.24%

11 Mar - 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 - BE

Market Cap ₹ 138 Cr.
Current Price ₹ 233
High / Low ₹ 452 / 218
Stock P/E 9.26
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 0.43 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.99.0 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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	17.11	18.17	16.77	17.21	17.12	15.01	15.04	15.51	12.63	12.27	10.02	11.23	10.56
	16.53	18.00	16.78	17.11	16.09	15.00	14.76	15.28	15.37	15.34	14.22	13.69	13.87
Operating Profit	0.58	0.17	-0.01	0.10	1.03	0.01	0.28	0.23	-2.74	-3.07	-4.20	-2.46	-3.31
OPM %	3.39%	0.94%	-0.06%	0.58%	6.02%	0.07%	1.86%	1.48%	-21.69%	-25.02%	-41.92%	-21.91%	-31.34%
	1.09	224.38	1.78	1.85	3.53	2.76	3.42	8.00	4.71	3.72	78.37	12.37	4.49
Interest	0.39	0.71	0.51	0.52	0.56	0.55	0.44	0.65	0.46	0.60	0.55	0.66	0.79
Depreciation	1.14	1.26	1.14	1.20	1.30	1.33	1.17	1.21	1.54	1.02	1.16	1.23	1.24
Profit before tax	0.14	222.58	0.12	0.23	2.70	0.89	2.09	6.37	-0.03	-0.97	72.46	8.02	-0.85
Tax %	-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%	-70.59%
	0.13	192.45	-0.08	0.11	3.37	0.36	1.80	5.54	-0.83	1.46	66.84	7.81	-0.25
EPS in Rs	0.50	324.06	-0.22	0.12	5.67	0.61	3.03	9.32	-1.40	2.46	112.50	13.15	-0.42
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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	44
	65	76	79	75	69	79	73	63	53	65	65	60	57
Operating Profit	10	-2	6	4	-4	-8	-16	-2	1	2	1	-5	-13
OPM %	13%	-2%	7%	5%	-6%	-11%	-28%	-3%	1%	2%	2%	-9%	-30%
	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	3
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	76
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	127.69
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:	-24%

Compounded Profit Growth
10 Years:	24%
5 Years:	18%
3 Years:	59%
TTM:	62%

Stock Price CAGR
10 Years:	8%
5 Years:	21%
3 Years:	-5%
1 Year:	-9%

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

5 Recently

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 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%	0.25%	0.25%	0.26%	0.25%	0.22%	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%	32.65%	32.39%	32.39%	32.39%	32.39%	32.42%	32.42%
No. of Shareholders	7,345	8,673	9,891	9,957	10,011	9,660	9,978	10,510	10,800	10,502	10,296	10,481

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Dec 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	10,481

* 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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