Indian Card Clothing Company Ltd (INDIANCARD) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

Indian Card Clothing Share Price

240.25 -6.25 -2.54%
as on 05-Dec'25 15:31

Indian Card Clothing Company Ltd (INDIANCARD) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

DeciZen - make an informed investing decision on Indian Card Clothing

Based on:

Overall Rating
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality


Login to view analysis.

2. Valuation


Login to view analysis.

3. Price Trend


Login to view analysis.

Indian Card Clothing Company stock performance -

Key Ratios
mw4me loader
P/E Ratio (SA):
5.95
Market Cap:
146.5 Cr.
52-wk low:
215
52-wk high:
451.9

Is Indian Card Clothing Company Ltd an attractive stock to invest in?


Login to view analysis.

10 Year X-Ray of Indian Card Clothing: Login to view analysis.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 17.5%18.2%-19.5%-19%-0.5%1.8%118.7%2.9%3.6%33%-
Value Creation
Index
0.30.3-2.4-2.4-1.0-0.97.5-0.8-0.71.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 65.851.559.246.351.344.655.55749.136.136
Sales YoY Gr.--21.7%14.9%-21.8%10.8%-13%24.4%2.6%-13.8%-26.5%-
Adj EPS 1.81.4-21-42.6-13.2-1.662.713.116.164.941.5
YoY Gr.--23.8%-1623.9%NANANANA-79.1%23.2%303%-
BVPS (₹) 199.9224.9182.8139.1129.7122.4444.6403.7416.6571585.2
Adj Net
Profit
0.80.6-9.6-19.4-6-137.27.89.638.525
Cash Flow from Ops. 11.8-5.90-35.4-10.7-1.61.52.91-16.4-
Debt/CF from Ops. 0.8-1.8354.4-0.4-1.6-13.712.4721.7-0.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -6.5%-6.8%-13.4%-26.5%
Adj EPS 48.8%NA1.2%303%
BVPS12.4%34.5%8.7%37.1%
Share Price 0.1% 18.5% 4.5% -16.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
0.90.7-10.3-26.5-9.8-1.422.13.13.913.17.2
Op. Profit
Mgn %
7.7-7.2-12.6-31.4-1.254.46-4.5-36.4-38.2
Net Profit
Mgn %
1.31.2-16.2-41.9-11.7-2.16713.619.5106.868.8
Debt to
Equity
0.10.10.10.20.30.30.10.10.100
Working Cap
Days
144193196265244261177184225388590
Cash Conv.
Cycle
889880977584747979100475

Recent Performance Summary

Login to view analysis.
Login to view analysis.

Latest Financials - Indian Card Clothing Company Ltd.

Standalone Consolidated
TTM EPS (₹) 41.5 42
TTM Sales (₹ Cr.) 35.8 41.2
BVPS (₹.) 585.2 584
Reserves (₹ Cr.) 342 341
P/BV 0.42 0.42
PE 5.95 5.87
From the Market
52 Week Low / High (₹) 215.00 / 451.85
All Time Low / High (₹) 12.50 / 451.85
Market Cap (₹ Cr.) 146
Equity (₹ Cr.) 5.9
Face Value (₹) 10
Industry PE 54.8

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 (%)

Valuation of Indian Card Clothing - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Event Update

Login/Register to view analysis.

Analyst's Notes

data not found
No data found!

Key Ratios of Indian Card Clothing

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales66525946514556574936
Operating Expenses 62556762534353545249
Manufacturing Costs6686766876
Material Costs21162119181521171411
Employee Cost 19192415131213141417
Other Costs 16141422151013161714
Operating Profit 4-4-8-15-1223-3-13
Operating Profit Margin (%) 6.1%-7.1%-12.9%-33.1%-2.4%4.7%3.9%4.5%-5.6%-36.9%
Other Income 212963236132044
Interest 1223322223
Depreciation 7654444554
Exceptional Items 00-13030220-3-376
Profit Before Tax 1718-23-19-3-022267100
Tax 33-5111310-08
Profit After Tax 1415-18-20-4-11916892
PAT Margin (%) 20.7%28.2%-30.1%-42.5%-8.1%-2.0%344.6%9.7%16.1%254.5%
Adjusted EPS (₹)29.931.9-39.1-43.2-9.2-1.5322.19.313.3154.6
Dividend Payout Ratio (%)49%38%0%0%0%0%8%269%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 9110283635973264240247339
Share Capital 5555566666
Reserves 869879595467258234242333
Minority Interest0000000000
Debt791212172219212113
Long Term Debt10128181921210
Short Term Debt69111010300013
Trade Payables39141086691010
Others Liabilities 2619281455510712
Total Liabilities 1271391379989105294279285374

Fixed Assets

Gross Block11211211311411212389919092
Accumulated Depreciation67727781818264676568
Net Fixed Assets 45403533314124242524
CWIP 3110100101
Investments 52656629171034156186254
Inventories101415131087989
Trade Receivables91011910101214118
Cash Equivalents flag 1223725187422140
Others Assets 88712141130333339
Total Assets 1271391379989105294279285374

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 12-60-35-11-2231-16
PBT 1718-23-19-3-022267100
Adjustment -11-212333-219-2-9-112
Changes in Working Capital 10-221-20-9-4-103-1
Tax Paid -3-0-1-0-110-10-3
Cash Flow From Investing Activity 51713613-2165-121-2057
Capex 2516-1-4-4-11185-5-580
Net Investments -26-5-0391682-11661103
Others 672111-21-0-76-126
Cash Flow From Financing Activity -17-11-1-1117-5-31-2-11
Net Proceeds from Shares 0000015-3000
Net Proceeds from Borrowing -1-1-024110000
Interest Paid -1-1-1-1-3-1-1-1-1-2
Dividend Paid -9-13-1-0-0-0-0-29-0-0
Others -632-1-0-7-00-0-9
Net Cash Flow -000-0413162-149-2129

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)15.4315.02-19.2-26.86-6.83-1.35113.612.193.2331.31
ROCE (%)17.5218.24-19.54-18.98-0.51.79118.742.873.6233.02
Asset Turnover Ratio0.580.420.440.390.540.460.280.20.170.11
PAT to CFO Conversion(x)0.86-0.4N/AN/AN/AN/A0.010.50.13-0.17
Working Capital Days
Receivable Days47626277688271839498
Inventory Days607988112827550506487
Payable Days51135200234185183112167248320

Indian Card Clothing Company Ltd Stock News

Indian Card Clothing Company Ltd FAQs

The current trading price of Indian Card Clothing on 05-Dec-2025 15:31 is ₹240.2.
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 04-Dec-2025 the market cap of Indian Card Clothing stood at ₹146.4.
The latest P/E ratio of Indian Card Clothing as of 04-Dec-2025 is 5.95.
The latest P/B ratio of Indian Card Clothing as of 04-Dec-2025 is 0.42.
The 52-week high of Indian Card Clothing is ₹451.9 and the 52-week low is ₹215.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Card Clothing is ₹35.77 ( 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.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.

×