Indian Card Clothing Company Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Company is almost debt free
- Latest quarter profit grew 68.0% YoY, showing strong momentum
- Company comfortably covers its interest (39.9x coverage)
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 84.7% versus prior year
- A large part of profit comes from other income (43.9% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.12x)
- Company's sales have been declining over the last five years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LMW | 18802.60 | 114.92 | 20086.82 | 0.19 | 55.52 | 384.05 | 860.72 | 24.00 | 6.44 | 7.39 |
| LCL | 540.25 | 29.52 | 5707.74 | 0.32 | 662.61 | — | 5030.22 | — | 44.59 | 19.92 |
| INDIANCARD | 209.92 | 20.82 | 124.72 | 0.00 | 4.56 | 98.95 | 9.78 | 1.35 | 33.18 | -31.02 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 13 | 11 | 12 | 8 | 10 | 9 | 9 | 9 | 8 | 9 | 8 | 9 | |
| 12 | 14 | 13 | 13 | 12 | 12 | 13 | 13 | 11 | 13 | 12 | 13 | 13 | |
| Operating Profit | 1 | -0 | -1 | -8 | 129 | -3 | -4 | 17 | -2 | -4 | -3 | -6 | -3 |
| OPM % | 5.99% | -1.19% | -7.45% | -72.78% | 1604.11% | -31.97% | -40.15% | 192.66% | -27.16% | -48.23% | -31.31% | -74.61% | -34.25% |
| Other Income | 3 | 8 | 4 | 5 | 11 | 13 | 4 | 15 | 7 | 11 | 4 | 2 | 10 |
| Interest | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 3 | 6 | 0 | -2 | 72 | 9 | -1 | 20 | 4 | 6 | -0 | -4 | 6 | |
| Tax % | 13.86% | 13.06% | 175.56% | 138.73% | 7.81% | 2.42% | 68.60% | 13.96% | 16.57% | 19.80% | 100.00% | 11.49% | 17.83% |
| Net Profit | 2 | 5 | -0 | 1 | 67 | 8 | -0 | 17 | 3 | 5 | 0 | -4 | 5 |
| 4 | 9 | -1 | 1 | 112 | 14 | -0 | 29 | 5 | 8 | 0 | -6 | 1 | |
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 66 | 52 | 59 | 46 | 51 | 45 | 56 | 57 | 49 | 36 | 35 | |
| 62 | 55 | 67 | 62 | 53 | 43 | 53 | 54 | 52 | 49 | 50 | |
| Operating Profit | 25 | 26 | -2 | -12 | 0 | 5 | 8 | 15 | 17 | 31 | — |
| OPM % | 38 | 50 | -4 | -26 | 1 | 12 | 14 | 27 | 35 | 85 | — |
| Other Income | 21 | 29 | 6 | 3 | 2 | 3 | 6 | 13 | 20 | 44 | 28 |
| Interest | 1 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 1 |
| Depreciation | 7 | 6 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 4 | 4 |
| 17 | 18 | -23 | -19 | -3 | -0 | 222 | 6 | 7 | 100 | 8 | |
| Tax % | 19 | 17 | 22 | -4 | -32 | -379 | 14 | 3 | -6 | 8 | 22 |
| Net Profit | 14 | 15 | -18 | -20 | -4 | -1 | 191 | 6 | 8 | 92 | 6 |
| EPS | 0 | 0 | 0 | 0 | 0 | -2 | 322 | 9 | 13 | 155 | — |
| Dividend Payout % | 49 | 38 | 0 | 0 | 0 | 0 | 8 | 269 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 30 | 32 | -39 | -43 | -9 | -1 | 322 | 9 | 13 | 155 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -6%
- 5 Years:
- -7%
- 3 Years:
- -13%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -22%
STOCK PRICE CAGR
- 10 Years:
- 0%
- 5 Years:
- 5%
- 3 Years:
- -2%
- 1 Year:
- -16%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 30%
- 3 Years:
- 12%
- Last Year:
- 31%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 5 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 |
| 86 | 98 | 79 | 59 | 54 | 67 | 258 | 234 | 242 | 333 | |
| 6 | 10 | 11 | 10 | 10 | 3 | 0 | 0 | 0 | 13 | |
| Trade Payables | 3 | 9 | 14 | 10 | 8 | 6 | 6 | 9 | 10 | 10 |
| 27 | 18 | 29 | 15 | 12 | 23 | 24 | 31 | 28 | 12 | |
| Total Liabilities | 127 | 139 | 137 | 99 | 89 | 105 | 294 | 279 | 285 | 374 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 45 | 40 | 35 | 33 | 31 | 41 | 24 | 24 | 25 | 24 | |
| Capital Work in Progress | 3 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 1 |
| 52 | 65 | 66 | 29 | 17 | 10 | 34 | 156 | 186 | 254 | |
| 10 | 14 | 15 | 13 | 10 | 8 | 7 | 9 | 8 | 9 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 8 | |
| Cash & Bank | 1 | 2 | 2 | 3 | 7 | 25 | 187 | 42 | 21 | 40 |
| 17 | 18 | 18 | 21 | 24 | 21 | 42 | 48 | 33 | 39 | |
| Total Assets | 127 | 139 | 137 | 99 | 89 | 105 | 294 | 279 | 285 | 374 |
| Total Debt | 9 | 10 | 12 | 13 | 17 | 22 | 19 | 21 | 21 | 13 |
| Net Working Capital | 17 | 58 | 36 | 18 | 17 | 34 | 198 | 122 | 57 | 72 |
| Contingent Liabilities | 0 | 7 | 7 | 1 | 0 | 3 | 2 | 2 | 2 | 1 |
| Book Value per Share | 199.94 | 224.91 | 182.77 | 139.09 | 129.67 | 122.37 | 444.61 | 403.69 | 416.55 | 570.99 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 | -6 | 0 | -35 | -11 | -2 | 2 | 3 | 1 | -16 | |
| Cash from Investing | 5 | 17 | 1 | 36 | 13 | -2 | 165 | -121 | -20 | 57 |
| Cash from Financing | -17 | -11 | -1 | -1 | 1 | 17 | -5 | -31 | -2 | -11 |
| -0 | 0 | 0 | -0 | 4 | 13 | 162 | -149 | -21 | 29 | |
| Free Cash Flow | 12 | -6 | -0 | -36 | -11 | -12 | 2 | 0 | 1 | -19 |
| OCF / Net Profit | 0.87 | -0.41 | -0.00 | 1.80 | 2.56 | 1.77 | 0.01 | 0.53 | 0.12 | -0.18 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -41 | -66 | -58 | -58 | -20 | -29 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 29.89 | 31.92 | -39.14 | -43.23 | -9.18 | -1.50 | 322.07 | 9.30 | 13.27 | 154.60 |
| Book Value (₹) | 199.94 | 224.91 | 182.77 | 139.09 | 129.67 | 122.37 | 444.61 | 403.69 | 416.55 | 570.99 |
| Dividend per Share (₹) | 14.50 | 12.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25.00 | 25.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 46.15 | 45.23 | -27.77 | -34.35 | -0.49 | 5.02 | 329.23 | 17.18 | 21.05 | 161.75 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 34.97% | 45.38% | -3.51% | -26.37% | 0.64% | 11.58% | 14.19% | 26.57% | -5.62% | -36.93% |
| Net Margin % | 19.07% | 25.84% | -29.55% | -42.52% | -8.15% | -1.99% | 344.56% | 9.70% | 16.06% | 254.53% |
| ROE % | 15.43% | 15.02% | -19.20% | -26.86% | -6.83% | -1.35% | 113.61% | 2.19% | 3.23% | 31.31% |
| ROCE % | 17.52% | 18.24% | -19.54% | -18.98% | -0.50% | 1.79% | 118.74% | 2.87% | 3.62% | 33.02% |
| 10.98% | 10.89% | -12.87% | -16.65% | -4.43% | -0.91% | 95.80% | 1.93% | 2.79% | 27.87% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 47 | 62 | 62 | 77 | 68 | 82 | 71 | 83 | 94 | 98 |
| Inventory Days | 60 | 79 | 87 | 112 | 82 | 75 | 50 | 50 | 64 | 87 |
| Payable Days | 51 | 135 | 200 | 234 | 185 | 183 | 112 | 167 | 248 | 320 |
| 57 | 5 | -50 | -45 | -35 | -27 | 8 | -34 | -91 | -134 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.10x | 0.10x | 0.14x | 0.20x | 0.30x | 0.30x | 0.07x | 0.09x | 0.08x | 0.04x |
| Interest Coverage (x) | 21.73x | 10.58x | -8.42x | -6.24x | -0.14x | 0.89x | 110.10x | 3.68x | 4.50x | 39.92x |
| 1.68x | 3.28x | 1.76x | 1.65x | 1.75x | 3.38x | 19.82x | 8.54x | 4.37x | 3.57x | |
| GROWTH | ||||||||||
| Revenue Growth % | -2.96% | -21.74% | 14.87% | -21.82% | 10.84% | -12.94% | 24.40% | 2.57% | -13.81% | -26.49% |
| Operating Profit Growth % | 278.90% | 2.24% | -108.30% | -476.23% | 102.71% | 1465.51% | 52.43% | 92.03% | 13.26% | 78.21% |
| Net Profit Growth % | 455.33% | 6.79% | -222.62% | -10.45% | 78.77% | 78.73% | 0.00% | -97.11% | 42.67% | 1065.23% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 42.67% | 1065.23% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.56x | 1.51x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.59x | 0.41x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.55x | 3.68x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-03 - Indian Card Clothing Company Limited has informed the Exchange about General Updates
2026-09-02 - Indian Card Clothing Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026
2026-09-01 - Indian Card Clothing Company Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-09-01 - Indian Card Clothing Company Limited has informed the Exchange regarding Resignation of Mr. Jyoteendra Mansukhlal Kothary as Non- Executive Non-Independent Director of the company w.e.f. September 01, 2026.
2026-09-01 - Indian Card Clothing Company Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-14 - Indian Card Clothing Company Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-08-14 - Indian Card Clothing Company Limited has informed the Exchange about change in Management - we would like to inform you that Mr. Sanjeevkumar Karkamkar, Executive Director & Chief Financial Officer ( CFO ) [Whole-time Key Managerial Personnel ( KMP )] of theCompany, has resigned from the position of Executive Director & CFO effective from September1, 2026. Mr. Sanjeevkumar Karkamkar shall continue to be the Non-Independent Non-Executive Director of the Company.
2026-08-14 - Indian Card Clothing Company Limited has informed the Exchange about General Updates - Acquisition
2026-08-14 - Indian Card Clothing Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
News
Recent coverage and analyst commentary for INDIANCARD
Loading news…
AI Stock Analyst
Indian Card Clothing Company Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account