ICDS

₹42.1 2 | 5%

WEBSITE BSE:511194 NSE : I.C.D.S. 18 May, 12:50

Market Cap ₹55 Cr.

Stock P/E 58.8

P/B 2.3

Current Price ₹42.1

Book Value ₹ 18.3

Face Value 10

52W High ₹64.8

Dividend Yield 0%

52W Low ₹ 22.5

Edit Ratio

ICDS Research see more...

Overview Inc. Year: 1971Industry: Finance - NBFC

ICDS Ltd engages in buying and selling stocks and securities, and mobiles and add-ons in India. It also engages in the rental of investment residences; and advertising of life and standard insurance products. The corporation was previously called Industrial Credit and Development Syndicate Ltd. and changed its name to ICDS Ltd in December 1992. ICDS Limited was incorporated in 1971 and is located in Manipal, India.

ICDS Share Price

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Peer Comparison

ICDS Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	0	0	0	0	0	0	1	0	1	1
Other Income	0	0	0	0	1	-0	-1	1	1	-0
Total Income	0	0	0	0	2	0	-0	1	1	0
Total Expenditure	0	1	0	1	0	0	1	0	0	0
Operating Profit	-0	-0	0	-0	2	-0	-1	1	1	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	7	0	0	0	0	0	0	0
Profit Before Tax	-0	-1	7	-0	2	-0	-1	1	1	0
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-0	-1	7	-0	2	-0	-1	1	1	-0
Adjustments	-0	-0	-0	0	0	0	-0	0	0	0
Profit After Adjustments	-0	-1	7	-0	2	-0	-1	1	1	-0
Adjusted Earnings Per Share	-0.1	-0.5	5.1	-0.2	1.2	-0.1	-0.6	0.7	0.7	-0

ICDS Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3	5	5	4	2	6	3	2	1	1	2	3
Other Income	3	2	1	1	1	1	1	2	2	5	1	1
Total Income	6	7	6	5	4	7	4	3	3	7	3	2
Total Expenditure	3	4	5	4	2	2	5	4	2	7	2	1
Operating Profit	3	2	2	1	2	5	-2	-0	1	-0	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	7	0	0
Profit Before Tax	2	2	1	1	2	4	-2	-1	1	6	1	1
Provision for Tax	-1	0	0	0	0	1	0	0	6	0	0	0
Profit After Tax	3	2	1	1	1	3	-2	-1	-5	6	0	1
Adjustments	-0	-0	-0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	3	2	1	1	1	3	-2	-1	-5	6	0	1
Adjusted Earnings Per Share	2.3	1.3	0.7	0.4	1.1	2.4	-1.4	-0.6	-4.1	4.5	0.3	0.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	100%	0%	-20%	-4%
Operating Profit CAGR	0%	0%	-28%	-10%
PAT CAGR	-100%	0%	-100%	-100%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	47%	NA%	NA%	NA%
ROE Average	2%	1%	-2%	8%
ROCE Average	3%	13%	6%	10%

ICDS Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	14	16	17	17	18	28	26	25	19	25	26
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	4	1	0	1	1	1	1	0	1	1	1
Total Current Liabilities	11	11	8	7	6	4	1	1	0	1	1
Total Liabilities	29	27	24	24	25	32	27	26	20	27	27
Fixed Assets	3	0	0	0	0	0	0	4	4	4	4
Other Non-Current Assets	14	17	14	18	18	21	22	17	10	11	14
Total Current Assets	12	10	10	6	7	11	6	5	6	12	9
Total Assets	29	27	24	24	25	32	27	26	20	27	27

ICDS Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	1	0	3	0	0	0	0	0	0	0
Cash Flow from Operating Activities	-0	-1	-0	-2	1	-3	-3	-2	-1	-1	6
Cash Flow from Investing Activities	1	1	6	-0	-0	2	2	2	1	0	-6
Cash Flow from Financing Activities	-0	0	-3	-0	-1	0	0	-1	-0	0	-0
Net Cash Inflow / Outflow	0	-0	2	-2	-0	-0	0	-0	-0	0	-0
Closing Cash & Cash Equivalent	1	0	3	0	0	0	0	0	0	0	0

ICDS Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.33	1.34	0.69	0.39	1.11	2.38	-1.43	-0.62	-4.13	4.48	0.29
CEPS(Rs)	2.63	1.47	0.83	0.5	1.21	2.48	-1.32	-0.36	-3.87	4.73	0.57
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	8.04	9.38	10.06	10.46	11.56	18.61	17.11	16.45	12.26	16.75	16.98
Core EBITDA Margin(%)	-3.1	14.7	10.34	5.38	32.34	67.03	-76.6	-107.74	-63.99	-476.87	6.66
EBIT Margin(%)	82.55	46.61	27.03	17.18	78.89	77.29	-56.26	-34.6	104.89	514.62	31.08
Pre Tax Margin(%)	67.16	36.99	20.43	14.02	75.47	76.09	-58.28	-38.99	97.26	508.36	27.77
PAT Margin (%)	106.94	35.61	18.3	11.69	62.55	53.63	-62.52	-44.78	-514.33	499.71	19.79
Cash Profit Margin (%)	109.72	37.13	21.37	14.88	68.52	55.98	-57.76	-25.74	-481.83	528.14	38.7
ROA(%)	11.99	6.58	3.56	2.09	5.87	10.86	-6.22	-3.04	-23.16	24.78	1.42
ROE(%)	37.39	16.25	7.28	3.83	10.04	15.77	-8.02	-3.72	-28.78	30.89	1.73
ROCE(%)	19.01	15.1	8.67	5.12	12.06	22.35	-7.03	-2.81	5.82	31.3	2.67
Receivable days	4.84	10.3	22.56	28.78	33.2	7.27	12.42	18.25	38.24	28.97	14.36
Inventory Days	8.19	49.24	102.68	103.43	145.1	0	0	0	0	0	0
Payable days	146.31	10.07	22.13	23.92	0	0	0	0	0	0	0
PER(x)	0	0	0	0	0	0	0	0	0	8.93	59.43
Price/Book(x)	0	0	0	0	0	0	0	0	0	2.39	1.02
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	3.62	2.28	1.8	2.44	4.04	1.59	3.82	5.56	10.16	43.23	9.21
EV/Core EBITDA(x)	4.24	4.73	5.99	11.98	4.76	1.99	-7.41	-35.77	7.39	-280.32	18.42
Net Sales Growth(%)	166.46	65.38	-2.62	-13.11	-47.43	151.16	-48.35	-39.24	-42.31	11.59	64.65
EBIT Growth(%)	135.17	-6.62	-43.52	-44.76	141.35	146.09	-137.59	62.63	274.9	447.48	-90.05
PAT Growth(%)	509.14	-44.92	-49.96	-44.47	181.21	115.34	-160.21	56.48	-562.62	208.42	-93.48
EPS Growth(%)	646.47	-42.53	-48.77	-42.82	181.17	115.35	-160.21	56.48	-562.59	208.42	-93.48
Debt/Equity(x)	0.43	0.39	0.1	0.1	0.01	0.02	0.03	0.01	0.01	0.02	0.01
Current Ratio(x)	1.04	0.93	1.25	0.91	1.23	2.79	5.83	6.68	15.8	14.56	15.72
Quick Ratio(x)	1.03	0.82	1.05	0.78	1.06	2.79	5.83	6.68	15.8	14.56	15.72
Interest Cover(x)	5.36	4.85	4.1	5.43	23.07	64.1	-27.81	-7.88	13.74	82.21	9.37
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0.01	0.01

ICDS Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	52.28	52.28	52.28	47.33	51.66	51.66	51.66	51.39	51.39	51.39
FII	0	0	0	0	0	0	0	0	0	0
DII	5.25	5.25	5.24	4.78	5.07	4.89	4.89	4.87	4.87	4.87
Public	42.46	42.46	42.48	47.89	43.27	43.45	43.45	43.73	43.73	43.73
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.68	0.68	0.68	0.68	0.67	0.67	0.67	0.67	0.67	0.67
FII	0	0	0	0	0	0	0	0	0	0
DII	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.06
Public	0.55	0.55	0.55	0.68	0.56	0.57	0.57	0.57	0.57	0.57
Others	0	0	0	0	0	0	0	0	0	0
Total	1.3	1.3	1.3	1.43	1.3	1.3	1.3	1.3	1.3	1.3

Pros

Company is almost debt free.

Cons

Company has a low return on equity of 1% over the last 3 years.
Earnings include an other income of Rs. 1 Cr.
The company has delivered a poor profit growth of -100% over past five years.

* 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.