Indian Card Clothing Company Ltd - Stock Valuation and Financial Performance

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

Indian Card Clothing Share Price

246.30 5.85 2.43%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Indian Card Clothing

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

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indian Card Clothing Company stock performance -

mw4me loader
P/E Ratio (SA):
17.87
Market Cap:
146.3 Cr.
52-wk low:
202.1
52-wk high:
350.3

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

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 Overvalued 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 1.1%-4.4%1.4%1.8%-7.6%-20.5%-5.3%0.3%20.5%3.4%-
Value Creation
Index
-0.9-1.3-0.9-0.9-1.5-2.5-1.4-1.00.5-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 69.267.865.851.559.246.351.344.655.55751
Sales YoY Gr.--2%-3%-21.7%14.9%-21.8%10.8%-13%24.4%2.6%-
Adj EPS 0.3-11.71.81.4-21-42.6-13.2-1.662.713.113.8
YoY Gr.--4788%NA-23.8%-1623.9%NANANANA-79.1%-
BVPS (₹) 199187.5199.9224.9182.8139.1129.7122.4444.6403.7415.7
Adj Net
Profit
0.1-5.30.80.6-9.6-19.4-6-137.27.88
Cash Flow from Ops. 5.74.111.8-5.90-35.4-10.7-1.61.52.9-
Debt/CF from Ops. 2.63.50.8-1.8354.4-0.4-1.6-13.712.47-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -2.2%-0.8%3.6%2.6%
Adj EPS 55.2%NANA-79.1%
BVPS8.2%17.2%46%-9.2%
Share Price 10.2% 15.6% 22.5% 14%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
0.1-6.10.90.7-10.3-26.5-9.8-1.422.13.13.4
Op. Profit
Mgn %
11.257.7-7.2-12.6-31.4-1.254.46-2.3
Net Profit
Mgn %
0.2-7.91.31.2-16.2-41.9-11.7-2.16713.616.1
Debt to
Equity
0.20.20.10.10.10.20.30.30.10.1-
Working Cap
Days
154152144193196265244261177184430
Cash Conv.
Cycle
931018898809775847479375

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 3.40%

Sales growth has been subdued in last 3 years 3.56%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at -13.97%

Latest Financials - Indian Card Clothing Company Ltd.

Standalone Consolidated
TTM EPS (₹) 13.8 11.6
TTM Sales (₹ Cr.) 50.7 58.2
BVPS (₹.) 415.7 412.3
Reserves (₹ Cr.) 241 239
P/BV 0.59 0.60
PE 17.87 21.29
From the Market
52 Week Low / High (₹) 202.10 / 350.30
All Time Low / High (₹) 12.50 / 400.00
Market Cap (₹ Cr.) 146
Equity (₹ Cr.) 5.9
Face Value (₹) 10
Industry PE 41.2

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Indian Card Clothing

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales69686652594651455657
Operating Expenses 62646255676253435354
Manufacturing Costs8966867668
Material Costs24222116211918152117
Employee Cost 17211919241513121314
Other Costs 13121614142215101316
Operating Profit 734-4-8-15-1223
Operating Profit Margin (%) 9.9%5.0%6.1%-7.1%-12.9%-33.1%-2.4%4.7%3.9%4.5%
Other Income 5321296323613
Interest 1112233222
Depreciation 71076544445
Exceptional Items 0000-13030220-3
Profit Before Tax 3-51718-23-19-302226
Tax 1-133-5111310
Profit After Tax 2-41415-18-20-4-11916
PAT Margin (%) 3.4%-5.6%20.7%28.2%-30.1%-42.5%-8.1%-2.0%344.6%9.7%
Adjusted EPS (₹)5.2-8.429.931.9-39.1-43.2-9.2-1.5322.19.3
Dividend Payout Ratio (%)58%-30%49%38%0%0%0%0%8%269%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 91859110283635973264240
Share Capital 5555555666
Reserves 8681869879595467258234
Minority Interest0000000000
Debt111279121217221921
Long Term Debt2210128181921
Short Term Debt81069111010300
Trade Payables523914108669
Others Liabilities 25212619281455510
Total Liabilities 1311201271391379989105294279

Fixed Assets

Gross Block1171191121121131141121238991
Accumulated Depreciation53626772778181826467
Net Fixed Assets64574540353331412424
CWIP 3331101001
Investments 292752656629171034156
Inventories13131014151310879
Trade Receivables13991011910101214
Cash Equivalents 25122372518742
Others Assets678871214113033
Total Assets 1311201271391379989105294279

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 6412-60-35-11-223
PBT 3-51718-23-19-302226
Adjustment 58-11-212333-219-2
Changes in Working Capital -1-110-221-20-9-4-10
Tax Paid -21-30-10-110-1
Cash Flow From Investing Activity 2-151713613-2165-121
Capex -1-22516-1-4-4-11185-5
Net Investments 33-26-5039168254
Others 1-1672111-21-170
Cash Flow From Financing Activity -7-3-17-11-1-1117-5-31
Net Proceeds from Shares 000000015-30
Net Proceeds from Borrowing 0-1-1-10241100
Interest Paid -1-1-1-1-1-1-3-1-1-1
Dividend Paid -1-1-9-13-10000-29
Others -40-632-10-700
Net Cash Flow 200000413162-149
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)2.62-4.3515.4315.02-19.2-26.86-6.83-1.35113.612.19
ROCE (%)4.37-3.4417.5218.24-19.54-18.98-0.51.79118.742.87
Asset Turnover Ratio0.570.580.580.420.440.390.540.460.280.2
PAT to CFO Conversion(x)3N/A0.86-0.4N/AN/AN/AN/A0.010.5
Working Capital Days
Receivable Days54544762627768827183
Inventory Days726660798811282755050
Payable Days815851135200234185183112167

Indian Card Clothing Company Ltd Stock 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 28-Mar-2024 16:01 is ₹246.3.
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 28-Mar-2024 16:01 the market cap of Indian Card Clothing stood at ₹146.3.
The latest P/E ratio of Indian Card Clothing as of 28-Mar-2024 16:01 is 17.87.
The latest P/B ratio of Indian Card Clothing as of 28-Mar-2024 16:01 is 0.59.
The 52-week high of Indian Card Clothing is ₹350.3 and the 52-week low is ₹202.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indian Card Clothing is ₹50.73 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.