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Indian Card Clothing Overview

Indian Card Clothing Company Limited is an Indian company that manufactures and supplies card clothing products and carding solutions for the textile industry. The company produces sophisticated card clothing solutions and accessories for various applications, such as cotton, wool, synthetic, jute and non-woven fabrics. The company also offers customized products for special venue requirements. The company was incorporated in 1955 as a joint venture between two British companies, The English Card Clothing Company and the Carclo Engineering Grou...Read More

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Indian Card Clothing Key Financials

Market Cap ₹122 Cr.

Stock P/E 1.3

P/B 0.4

Current Price ₹205.2

Book Value ₹ 583

Face Value 10

52W High ₹382

Dividend Yield 0%

52W Low ₹ 154

Indian Card Clothing Share Price

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Volume
Price

Indian Card Clothing Quarterly Price

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Indian Card Clothing Peer Comparison

Indian Card Clothing Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 16 13 12 10 11 11 10 10 11 10
Other Income 8 4 5 11 13 4 15 7 11 4
Total Income 24 17 17 21 24 15 25 17 22 15
Total Expenditure 15 15 15 14 14 14 14 13 14 14
Operating Profit 8 1 1 7 10 1 11 4 8 1
Interest 1 0 1 1 1 1 1 0 0 0
Depreciation 1 2 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 1 -1 67 -1 0 11 0 0 0
Profit Before Tax 6 -0 -1 72 8 -1 20 3 7 -1
Provision for Tax 1 1 -2 6 0 -1 3 1 1 -0
Profit After Tax 6 -1 1 67 8 -0 17 2 5 -1
Adjustments 0 -0 0 0 0 -0 -0 0 0 -0
Profit After Adjustments 6 -1 1 67 8 -0 17 2 5 -1
Adjusted Earnings Per Share 10.2 -1.4 2.5 112.5 13.1 -0.4 29.4 3.9 9.1 -1

Indian Card Clothing Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 85 79 65 72 58 61 54 67 66 55 42 41
Other Income 3 31 24 6 3 2 3 6 13 20 44 37
Total Income 88 110 88 77 61 63 57 72 79 75 86 79
Total Expenditure 79 76 69 79 73 63 53 65 65 61 56 55
Operating Profit 9 35 20 -2 -13 -0 4 7 14 15 30 24
Interest 1 1 2 2 3 3 2 2 2 2 3 1
Depreciation 10 8 6 5 4 4 4 5 5 5 5 4
Exceptional Income / Expenses 0 0 0 -13 0 3 0 220 -3 -0 77 11
Profit Before Tax -3 26 12 -23 -20 -4 -2 221 4 7 100 29
Provision for Tax -0 5 3 -5 1 1 1 31 0 -1 8 5
Profit After Tax -3 21 9 -18 -20 -5 -2 191 4 8 92 23
Adjustments -0 -3 0 -0 -0 0 0 0 -0 0 0 0
Profit After Adjustments -3 18 9 -18 -21 -5 -2 191 4 8 92 23
Adjusted Earnings Per Share -6.3 39.7 19.1 -40 -45.1 -11.1 -3.9 321.4 6.2 13.4 154.6 41.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -24% -14% -7% -7%
Operating Profit CAGR 100% 62% 0% 13%
PAT CAGR 1050% -22% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -31% -7% 9% -0%
ROE Average 31% 12% 29% 11%
ROCE Average 33% 13% 32% 14%

Indian Card Clothing Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 91 101 104 85 64 59 72 262 238 246 338
Minority's Interest 3 6 5 5 5 5 5 5 0 0 0
Borrowings 2 1 0 1 2 8 18 19 21 21 0
Other Non-Current Liabilities 12 11 11 7 6 0 0 1 3 2 8
Total Current Liabilities 25 31 27 48 29 25 16 13 18 19 30
Total Liabilities 133 149 148 146 106 97 112 300 280 288 377
Fixed Assets 61 46 42 37 34 33 42 26 25 28 27
Other Non-Current Assets 26 40 15 18 20 17 15 58 111 164 247
Total Current Assets 46 63 91 90 52 47 55 216 144 77 103
Total Assets 133 149 148 146 106 97 112 300 280 288 377

Indian Card Clothing Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 7 14 2 2 3 7 20 182 33 12
Cash Flow from Operating Activities 6 24 -9 0 -35 -11 -2 -0 3 2 -17
Cash Flow from Investing Activities -1 1 11 2 36 13 -2 167 -121 -21 57
Cash Flow from Financing Activities -4 -15 -14 -2 -1 2 17 -5 -31 -2 -12
Net Cash Inflow / Outflow 1 9 -12 0 1 4 13 162 -149 -21 28
Closing Cash & Cash Equivalent 2 16 2 2 3 7 20 182 33 12 40

Indian Card Clothing Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -6.28 39.69 19.06 -40.05 -45.14 -11.12 -3.88 321.36 6.16 13.41 154.63
CEPS(Rs) 17.01 64.03 32.76 -27.9 -35.59 -1.99 2.81 328.55 14.68 21.72 162.95
DPS(Rs) 2.5 14.5 12 0 0 0 0 25 25 0 0
Book NAV/Share(Rs) 200.09 222.45 229.07 185.78 140.16 129.33 120.35 441.76 401.4 414.48 569.35
Core EBITDA Margin(%) 6.21 4.28 -6.05 -10.56 -27.56 -3.25 1.05 2.43 1.7 -9.58 -32.33
EBIT Margin(%) -2.16 31.81 19.4 -28.31 -29.52 -2.19 -0.17 335.64 9.21 17.32 244.16
Pre Tax Margin(%) -3.49 30.72 16.69 -31.68 -34.07 -6.76 -3.37 332.58 5.96 13.45 237.66
PAT Margin (%) -3.02 25.27 12.43 -24.98 -35.58 -8.32 -4.53 286.65 5.67 14.36 218.58
Cash Profit Margin (%) 8.53 34.43 21.54 -17.49 -28.11 -1.48 3.09 293.46 13.19 23.27 230.33
ROA(%) -1.99 15.15 5.79 -12.36 -16.28 -5.03 -2.35 92.73 1.29 2.8 27.63
ROE(%) -2.94 22.24 8.38 -19.22 -27.63 -8.32 -3.75 114.19 1.5 3.29 31.43
ROCE(%) -1.79 24.7 11.91 -19.44 -19.64 -1.75 -0.11 119.1 2.25 3.65 33.18
Receivable days 57.97 53.3 62.64 62.66 76.45 66.18 77.22 69.42 80.47 88.08 86.65
Inventory Days 67.3 65.26 79.77 88.86 111.52 90.43 86.6 60.68 59.32 68.47 86.51
Payable days 67.61 94.25 166.9 181.13 205.5 166.73 164.59 113.72 162.93 223.7 328.97
PER(x) 0 5.53 10.57 0 0 0 0 0.88 34.28 18.37 1.51
Price/Book(x) 0.52 0.99 0.88 0.79 0.85 0.66 1.12 0.64 0.53 0.59 0.41
Dividend Yield(%) 2.41 6.61 5.96 0 0 0 0 8.86 11.83 0 0
EV/Net Sales(x) 0.67 1.19 1.52 1.05 1.09 0.78 1.4 -0.03 1.55 2.61 2.64
EV/Core EBITDA(x) 6.65 2.7 4.96 -35.87 -4.92 -124.2 19.89 -0.25 7.48 9.9 3.66
Net Sales Growth(%) 2.54 -7 -18.45 10.82 -19.45 6.43 -11.96 23.23 -0.6 -16.12 -24.21
EBIT Growth(%) -140.24 1473.7 -50.12 -253.06 17.27 92.11 93.22 0 -97.27 57.85 968.13
PAT Growth(%) -209.34 881.7 -59.76 -310.79 -12.97 75.1 52.11 7902.72 -98.03 112.5 1053.28
EPS Growth(%) -210.13 731.65 -51.98 -310.14 -12.72 75.36 65.13 8386.02 -98.08 117.53 1053.28
Debt/Equity(x) 0.18 0.09 0.1 0.14 0.2 0.3 0.3 0.07 0.09 0.09 0.04
Current Ratio(x) 1.85 2.06 3.32 1.88 1.83 1.93 3.41 17.29 8.07 4 3.45
Quick Ratio(x) 1.17 1.62 2.71 1.5 1.25 1.37 2.67 16.47 7.44 3.51 3.1
Interest Cover(x) -1.63 29.03 7.15 -8.41 -6.5 -0.48 -0.05 109.71 2.84 4.48 37.6
Total Debt/Mcap(x) 0.34 0.1 0.11 0.18 0.23 0.45 0.27 0.11 0.17 0.14 0.09

Indian Card Clothing Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 67.33 67.33 67.33 67.33 67.33 67.33 67.33 67.33 67.33 67.33
FII 0.25 0.26 0.25 0.22 0.22 0.14 0.14 0.01 0 0
DII 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Public 32.39 32.38 32.39 32.42 32.42 32.5 32.5 32.63 32.64 32.64
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Indian Card Clothing News

Indian Card Clothing Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Debtor days have increased from 223.7 to 328.97days.
  • Earnings include an other income of Rs. 44 Cr.
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