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Swing Capital

Indian Card Clothing Company Ltd

NSE: INDIANCARD BSE: 509692Infra

Incorporated in1975, Indian Card Clothing Company is in the business of card clothing and real estate[1]

₹201
52W: ₹153 — ₹384
PE 7.49 · Book ₹585 · -66% vs book
Market Cap₹119 Cr
Stock P/E7.49Price to Earnings
ROCE7.38%Return on Capital
ROE6.59%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 0.35 times its book value
  • +Company has delivered good profit growth of 38.2% CAGR over last 5 years

Weaknesses

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −The company has delivered a poor sales growth of -6.78% over past five years.
  • −Company has a low return on equity of 4.06% over last 3 years.
  • −Earnings include an other income of Rs.48.1 Cr.

Shareholding Pattern

Promoters67.33%
FIIs0%
DIIs0.03%
Public32.64%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%
FIIs0.25%0.22%▼0.00.22%0.14%▼0.10.14%0.01%▼0.10%▼0.00%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public32.39%32.42%▲0.032.42%32.5%▲0.132.51%▲0.032.64%▲0.132.63%▼0.032.64%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales13.451111.618.039.769.448.859.028.469.39
Expenses13.6113.3212.6612.1811.7912.7612.6811.4612.5412.33
Operating Profit-0.16-2.32-1.05-4.15-2.03-3.32-3.83-2.44-4.08-2.94
OPM %-1.19%-21.09%-9.04%-51.68%-20.8%-35.17%-43.28%-27.05%-48.23%-31.31%
Net Profit5.26-0.340.6766.588.46-0.2617.072.934.90
EPS ₹8.85-0.571.13112.0714.24-0.4428.734.938.250

AI Insights

Revenue Trend

TTM revenue at ₹36Cr, up 0% YoY. OPM at -37%.

Debt Position

Borrowings at ₹3Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.03% (+0.00pp change). FIIs: 0% (+0.00pp change). Promoters hold 67.33%.

Margin & Efficiency

ROCE improving from 0% (Mar 2014) to 7% (Mar 2025). Working capital days: -56.

Valuation

PE 7.49x with 7.38% ROCE. Price is -66% above book value of ₹585. Dividend yield: 0%.

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