MarketFriction

Indian Card Clothing Company Ltd

NSE INDIANCARD · BSE 509692 · Other Textile Products
₹188.37 +1.20%
NSE close2026-10-01
52 week range153.00 - 278.25
Market cap₹109 Cr.
P/E15.8
Price band 20% Delivery 77.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales15.5112.6312.2710.0211.2310.5610.229.6510.7310.4111.249.78
Expenses15.2815.3715.3414.2213.6913.8713.8412.5014.0813.5115.1612.82
Operating Profit0.23-2.74-3.07-4.20-2.46-3.31-3.62-2.85-3.35-3.10-3.92-3.04
OPM %1.48%-21.69%-25.02%-41.92%-21.91%-31.34%-35.42%-29.53%-31.22%-29.78%-34.88%-31.08%
Other Income8.004.713.7278.3712.374.4925.927.1611.383.891.4610.06
Interest0.650.460.600.550.660.790.730.320.250.220.170.36
Depreciation1.211.541.021.161.231.241.321.111.151.231.221.03
Profit before tax6.37-0.03-0.9772.468.02-0.8520.252.886.63-0.66-3.855.63
Tax %13.19%2,666.67%-250.52%7.77%2.74%-70.59%13.68%20.14%18.25%-9.09%-12.21%19.01%
Net Profit5.54-0.831.4666.847.81-0.2517.482.295.41-0.61-3.384.56
EPS in Rs9.32-1.402.46112.5013.15-0.4229.423.859.11-1.03-5.697.68
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales79.1364.5371.5257.6161.3153.9866.5166.1155.4642.0342.0342.16
Expenses74.8568.7179.1773.4963.2553.4164.9065.0060.2055.6252.4255.57
Operating Profit4.28-4.18-7.65-15.88-1.940.571.611.11-4.74-13.59-10.39-13.41
OPM %5.41%-6.48%-10.70%-27.56%-3.16%1.06%2.42%1.68%-8.55%-32.33%-24.72%-31.81%
Other Income30.4023.92-7.463.174.803.45226.169.9419.29121.1521.0526.79
Interest0.931.882.452.622.801.732.032.142.152.730.961.00
Depreciation7.756.305.444.304.204.114.526.924.944.944.734.63
Profit before tax26.0011.56-23.00-19.63-4.14-1.82221.221.997.4699.894.977.75
Tax %17.73%25.52%-21.13%4.43%23.19%34.62%13.81%9.55%-6.84%8.03%25.35%
Net Profit21.398.60-18.15-20.49-5.10-2.44190.673.757.9791.873.725.98
EPS in Rs39.6819.05-40.06-45.13-11.12-3.87321.376.1613.42154.636.2610.07
Dividend Payout %36.53%62.98%0.00%0.00%0.00%0.00%7.78%405.74%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-6%-5%-14%1%
Compounded Profit Growth10%18%-40%-63%
Stock Price CAGR-2%1%-11%-30%
Return on Equity-2%1%1%0%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4.554.554.554.554.554.555.945.945.945.945.945.94
Reserves86.5196.6999.7080.0059.2454.3165.56256.51232.53240.31332.31337.04
Borrowings14.407.6911.7412.1612.6817.6521.8119.1920.8724.9716.873.18
Other Liabilities28.2641.3832.1454.1334.2923.7221.1219.7821.9920.8621.4620.39
Total Liabilities133.72150.31148.13150.84110.76100.23114.43301.42281.33292.08376.58366.55
Fixed Assets60.9146.0441.9337.1434.2932.6441.9650.5448.5435.3933.6125.88
CWIP3.303.271.620.560.390.610.360.040.560.500.591.06
Investments25.1050.3463.0364.5427.0015.097.7730.42149.82181.96249.79270.98
Other Assets44.4150.6641.5548.6049.0851.8964.34220.4282.4174.2392.5968.63
Total Assets133.72150.31148.13150.84110.76100.23114.43301.42281.33292.08376.58366.55
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6.2223.65-13.930.16-34.54-11.47-2.04-0.092.961.55-17.32-15.86
Cash from Investing Activity-1.300.5720.121.8836.0713.02-1.95166.76-120.93-20.7057.65-3.37
Cash from Financing Activity-3.99-15.32-17.48-1.73-0.882.3817.07-4.59-30.84-2.11-11.85-14.50
Net Cash Flow0.938.91-11.290.300.653.9413.08162.08-148.81-21.2728.47-33.73
Free Cash Flow3.5248.443.840.20-38.98-12.02-13.51214.14-2.45-4.1162.80-19.26
CFO/OP128%453%346%-16%215%562%-454%-6%356%-29%105%164%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days54.8655.0366.9166.8669.8866.6878.7174.9685.5274.2475.3894.14
Inventory Days216.24193.48292.35264.91263.64231.39237.07154.30212.82213.12316.66390.36
Days Payable53.58128.75177.53216.86169.73153.30147.12116.85178.52237.62331.04227.58
Cash Conversion Cycle217.53119.76181.73114.90163.79144.76168.66112.41119.8249.7461.00256.92
Working Capital Days25.69-11.9519.40-70.2217.0425.7870.7382.9872.82162.49-48.81274.77
ROCE %-2.76%-1.17%-5.32%-6.83%-18.96%-5.53%-0.62%1.37%1.48%2.45%7.04%0.98%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%
FIIs0.25%0.25%0.26%0.25%0.22%0.22%0.14%0.14%0.01%0.00%0.00%0.00%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public32.39%32.39%32.39%32.39%32.42%32.42%32.50%32.51%32.64%32.63%32.64%32.65%
No. of Shareholders9,97810,51010,80010,50210,29610,48110,24910,29210,37410,20110,0459,912

Fundamentals

Market Cap₹ 109 Cr.
Current Price₹ 184
Stock P/E15.8
Book Value₹ 577
ROCE0.98 %
ROE0.23 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1%
Compounded Profit Growth (TTM)-63%
Consolidated figures.
Valuation
Market capRs 112 Cr
Enterprise valueRs 108 Cr
P/E (TTM)18.71x
Price to book0.33x
Price to sales2.65x
EV / EBITDA8.08x
EV / EBIT12.36x
EV / sales2.57x
Earnings yield5.34%
P/E, 3-year average14.95x
P/B, 3-year average0.43x
P/E, 5-year average15.96x
P/B, 5-year average0.49x
Profitability
Operating margin (excl. other income)-24.72%
Operating margin (incl. other income)25.36%
EBITDA margin31.74%
Pre-tax margin18.38%
Net profit margin14.18%
Net margin, latest quarter46.63%
ROE1.09%
ROCE1.69%
ROA1.00%
ROE, 3-year average11.94%
ROCE, 3-year average12.69%
ROA, 3-year average10.42%
ROE, 5-year average30.32%
ROCE, 5-year average31.74%
ROA, 5-year average24.87%
ROIC (approx.)1.93%
Tax rate25.35%
Other income / net worth6.14%
Growth
Sales growth (latest year)0.00%
Profit growth (latest year)-95.95%
Sales CAGR, 3 years-14.01%
Sales CAGR, 5 years-4.88%
Profit CAGR, 3 years0.54%
Sales growth QoQ-12.99%
Sales growth YoY (latest quarter)1.35%
Profit growth YoY (latest quarter)99.13%
Per share
EPS (TTM)Rs 10.07
EPS (latest year)Rs 6.26
EPS (latest quarter)Rs 7.68
EPS, 3-year averageRs 58.10
EPS, 5-year averageRs 100.37
Book value per shareRs 577.30
Sales per shareRs 70.96
Cash flow per shareRs -26.70
Free cash flow per shareRs -32.42
Dividend per share, 5-year averageRs 25.00
Dividends
Dividend payout, 5-year average206.76%
Efficiency
Asset turnover0.11x
Fixed asset turnover1.62x
Inventory turnover1.51x
Inventory days241 days
Debtor days94 days
Debtors turnover3.88x
Creditor days228 days
Cash conversion cycle257 days
Working capital days275 days
Leverage
Total debtRs 3 Cr
Cash and bankRs 7 Cr
Net debtRs -4 Cr
Debt to equity0.01x
Net debt / EBITDA-0.28x
Interest coverage8.75x
Owners' fund to total sources93.57%
Debt to assets0.87%
Cash flow
Cash from Operating Activity (latest year)Rs -16 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -14 Cr
Net Cash Flow (latest year)Rs -34 Cr
Free cash flow (latest year)Rs -19 Cr
FCFE (approx.: FCF + change in debt)Rs -33 Cr
Cash from ops / profit, 5 years-0.10x
Statement figures
Net sales (TTM)Rs 42 Cr
Net sales (latest year)Rs 42 Cr
Sales (latest quarter)Rs 10 Cr
Operating profit excl. other income (latest year)Rs -10 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 27 Cr
EBITDA (TTM)Rs 13 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 6 Cr
Net profit (latest year)Rs 4 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 19 Cr
Total expenditure (latest year)Rs 52 Cr
Total income (latest year)Rs 63 Cr
Share capitalRs 6 Cr
ReservesRs 337 Cr
Shareholders' fundsRs 343 Cr
Total assetsRs 367 Cr
Net blockRs 26 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 271 Cr
ReceivablesRs 11 Cr
InventoryRs 12 Cr
Other liabilitiesRs 20 Cr
Shares outstanding (crore)0.59
Ownership
Promoter holding67.33% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.7 is at the 62th percentile of its own 5.4-year range (median 12.4, low 0.6, high 51.6).
P/B 0.33 is at the 2th percentile (median 0.78).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINDIANCARDNifty 50Difference
1 week-10.0%-2.8% -7.2 pts
1 month-10.9%-6.8% -4.1 pts
3 months-14.4%-7.6% -6.8 pts
6 months+20.3%+0.4% +19.9 pts
1 year-30.1%-9.9% -20.1 pts
2 years-31.8%-13.6% -18.2 pts
3 years-28.4%+14.2% -42.5 pts
5 years+8.8%+27.9% -19.1 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -31% of net profit over the last 3 years
lookProfit leans on other income Other income was 424% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹10 Cr +1.3% vs Jun 2025. Net profit ₹5 Cr +99.1%.
Against our estimate for Jun 2026: sales -2.8%, profit +407.1% in line. Our estimate for Sep 2026: sales Rs 11 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-09Annual General Meeting
2023-09-15Annual General Meeting
2022-08-30Annual General Meeting
2022-07-07Interim Dividend - Rs 25 Per Share
2022-05-12Special Dividend - Rs 25 Per Share
2021-09-20 Annual General Meeting
2020-09-16 Annual General Meeting
2019-07-19 Annual General Meeting
2018-07-18 Annual General Meeting
2017-08-03 Annual General Meeting/Dividend - Rs 2/- Per Share
2016-08-25 Interim Dividend - Rs 10/- Per Share
2016-08-04 Annual General Meeting/ Dividend - Rs 2.50/- Per Share
2016-05-31 Special Dividend Rs.12/- Per Share
2015-07-29Annual General Meeting/Dividend - Rs 2.50/- Per Share
2014-07-24Annual General Meeting / Final Dividend - Rs 3/- Per Share
2013-07-22Annual General Meeting / Dividend - Rs 3.50/- Per Share
2012-08-01Annual General Meeting And Dividend Rs.3.50/- Per Share
2012-02-08Special Interim Dividend Rs.10/- Per Share
2011-08-16Annual General Meeting And Dividend Rs.3/- Per Share
2010-07-29Annual General Meeting / Dividend Rs 3/- Per Share
2009-07-31Agm/Div-Rs.2.50 Per Share
2008-07-31Agm/Dividend - 60%
2007-08-02Agm/Dividend-25%
2007-03-16Interim Dividend-100% Purpose Revised
2006-08-22Agm/Dividend-25%
DateTypeWhat it says
2026-09-24Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-03General UpdatesGeneral Updates
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026
2026-09-01ResignationResignation of Director/KMP/SMP
2026-09-01ResignationResignation of Mr. Jyoteendra Mansukhlal Kothary as Non- Executive Non-Independent Director of the company w.e.f. September 01, 2026.
2026-08-14ResignationResignation of Director/KMP/SMP
2026-08-14Change in ManagementChange in Management - we would like to inform you that Mr. Sanjeevkumar Karkamkar, Executive Director & Chief Financial Officer ( CFO ) [Whole-time K...
2026-08-14General UpdatesGeneral Updates - Acquisition
2026-08-14Board meeting outcomeIndian Card Clothing Company Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-03UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") Sale of the C...
2026-06-17Disclosure under SEBI TakeovMulti-Act Trade and Investments Pvt. Ltd. has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Boa...
2026-05-29Board meeting outcomeIndian Card Clothing Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-04Disclosure under SEBI TakeovMulti-Act Industrial Enterprises Limited.has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Boar...
2026-02-11Board meeting outcomeIndian Card Clothing Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2025-11-14Board meeting outcomeIndian Card Clothing Company Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
2025-10-31General UpdatesGeneral Updates
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Indian Card Clothing Company Ltd?

Indian Card Clothing Company Ltd (INDIANCARD) has a market capitalisation of Rs 109 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indian Card Clothing Company Ltd?

Indian Card Clothing Company Ltd trades at a P/E of 15.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indian Card Clothing Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Indian Card Clothing Company Ltd sales was Rs 10 Cr (+1.3% vs Jun 2025) and net profit was Rs 5 Cr.

What is the 52-week high and low of Indian Card Clothing Company Ltd?

The 52-week high is Rs 278.25 and the 52-week low is Rs 153.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03