Indian Card Clothing Company Ltd Stock Analysis

BSE: 509692 | NSE: INDIANCARD | Textile - Machinery | Small Cap

BSE Share Price 09-Dec-2022 10:51
206.00 -2.60 (-1.25%)

DeciZen - Make an Informed Decision on Indian Card Clothing

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Indian Card Clothing Price Chart

P/E Ratio (SA) :
0.64
Market Cap :
123.9 Cr.
52-wk low :
178.2
52-wk high :
329.7
Bole Toh?

1. Is Indian Card Clothing Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indian Card Clothing Company Ltd is a below average quality company.

2. Is Indian Card Clothing Company Ltd undervalued or overvalued?

The key valuation ratios of Indian Card Clothing Company Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Indian Card Clothing Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indian Card Clothing Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indian Card Clothing:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indian Card Clothing Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 4.2%1.1%-4.4%1.4%1.8%-7.6%-20.5%-5.3%0.3%20.5%-
Value Creation Index -0.7-0.9-1.3-0.9-0.9-1.5-2.5-1.4-1.00.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 62.469.267.865.851.559.246.351.344.655.559
YoY Gr. Rt. %-11%-2%-3%-21.7%14.9%-21.8%10.8%-13%24.4%-
Adj EPS 7.50.3-11.71.81.4-21-42.6-13.2-1.662.7326.1
YoY Gr. Rt. %--96.7%-4788%NA-23.8%-1623.9%NANANANA-
BVPS (₹) 197.2199187.5199.9224.9182.8139.1129.7122.4444.6395.3
Adj Net Profit 3.40.1-5.30.80.6-9.6-19.4-6-137.2194
Cash Flow from Ops. 7.65.74.111.8-5.90-35.4-10.7-1.61.5-
Debt/CF from Ops. 22.63.50.8-1.8354.4-0.4-1.6-13.713-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.3%1.5%6.3%24.4%
Adj EPS 26.6%114.5%NANA
BVPS 9.514.647.3263.3
Share Price 5.1% 1.9% 27.9% 10.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 3.90.1-6.10.90.7-10.3-26.5-9.8-1.422.177.7
Op. Profit Mgn % 17.811.257.7-7.2-12.6-31.4-1.254.43.1
Net Profit Mgn % 5.50.2-7.91.31.2-16.2-41.9-11.7-2.167325.6
Debt to Equity 0.20.20.20.10.10.10.20.30.30.10.1
Working Cap Days 172154152144193196265244261177993
Cash Conv. Cycle 1019310188988097758473923

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 77.70%

Sales growth is good in last 4 quarters at 13.60%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Indian Card Clothing Company Ltd.

Standalone Consolidated
TTM EPS (₹) 326.1 324.5
TTM Sales (₹ Cr.) 59.5 69.5
BVPS (₹.) 395.3 394.4
Reserves (₹ Cr.) 229 228
P/BV 0.53 0.53
PE 0.64 0.64
From the Market
52 Week Low / High (₹) 178.20 / 329.65
All Time Low / High (₹) 12.50 / 400.00
Market Cap (₹ Cr.) 124
Equity (₹ Cr.) 5.9
Face Value (₹) 10
Industry PE 28.5

Management X-Ray of Indian Card Clothing :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indian Card Clothing

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Indian Card Clothing Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indian Card Clothing on 09-Dec-2022 10:51 is : 206.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 10:51 the market cap of Indian Card Clothing stood at ₹ 123.9.
The latest PE ratio of Indian Card Clothing as of 09-Dec-2022 10:51 is 0.64.
The latest PB ratio of Indian Card Clothing as of 09-Dec-2022 10:51 is 0.53
The 52-week high of Indian Card Clothing is ₹ 329.6 and the 52-week low is ₹ 178.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Indian Card Clothing is ₹ 59.49 ( Cr.) .

About Indian Card Clothing Company Ltd

Indian Card Clothing Company Ltd. (ICC) was incorporated on June 24.1955 as a private limited company and was converted into a public limited company on March 27, 1975. The company was promoted by The English Card Clothing Co. Ltd. England and Carclo Engineering Group Ltd. and the entire share capital was held by them in the proportion of 77.5% and 22.5% respectively till the offer for sale by them to the Indian public during September 1978.

The company is engaged in the manufacturing and marketing of card clothing. It manufactures wide range of wires, tops, flexible card clothing, cotton card clothing and woolen card clothing.

ICC has mastered change to keep its position as a leader with products developed to handle the evolving needs of increased rate of outputs – going as high as 150 kg/hour. And to meet more exacting quality standards worldwide innovation has become an ongoing process at ICC and this state-of-the-mind is instilled in every employee, in every department, in every stage of the production process.

The result is a wide range of wires, tops and flexible card clothing to suit every requirement, depending on the type of fibre being processed and the quality parameters desired. In fact, ICC is one of the few companies in the world that manufactures card clothing to process every fibre. Natural or man made. On every type of carding machine, be it conventional cards or super high production cards.

The R&D Cell at ICC is constantly tuned to market needs, experimenting with fresh ideas and technologies. Making significant breakthroughs in tooth geometry, surface treatment, etc. Recent developments include special alloy steel wires in the Maxus, Primus and Tenace series, a new generation of Triumph Tops and specially developed AeroDoffer wires for better doffing.

ICC now has a line of Card Upgrade products which aim at adding carding efficiency to older cards. ICC's Web Catcher and Accura Carding Elements have added significantly to the returns at hundreds of mills, where they have been installed in the last couple of years.

They can also supply from their sister concern Garnett Wire Ltd, UK who manufacture interlocking wires as well as metallic wires in heavier cross section commonly used in blow room lines, woollen, nonwoven & worsted machineries.

ICC has developed a versatile machine that can be used for mounting all types of rollers in the card room and blow room.  The All-Roller Mounting Machine - ARM 08 comes with some state-of-the-art features that makes perfect mounting of wires quite easy.  ICC is constantly finding solutions to improve carding quality by looking beyond card clothing. In the process they have developed the below accessories to improve carding performance and your machine's uptime.

Web Catcher-Web Catcher is a simple device that replaces Apron Doffing on carding machine and increases carding machine's uptime.

Accura Carding Systems-ICC presents an opportunity to improve quality of carding on existing cards by upgrading them with three vital components - Accura Carding Systems.

XTRAC Systems- After the success of Accura Carding Elements retrofits on the older models of card, ICC has now introduced XTRAC systems for the later model cards.

Product range of the company includes:

  • Accura BeaterSegment
  • Sharprite wire resharpening device
  • Sharprite Tops
  • All rollers mounting machine ARM 08
  • Clipit4060 Flat Clipping Machine
  • The latest development Xtrac

Achievements/ recognition:

  • ISO 9001 Certification.
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