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Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn

Indian Card Clothing Company Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹195.41Undervalued by 17.01%vs CMP ₹167.00

P/E (6.5) × ROE (6.3%) × BV (₹584.00) × DY (2.00%)

₹374.90Undervalued by 124.49%vs CMP ₹167.00
MoS: +55.5% (Strong)Confidence: 50/100 (Moderate)Models: 5 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹129.6727%Over (-22.4%)
Graham NumberEarnings₹737.1220%Under (+341.4%)
Earnings PowerEarnings₹290.5713%Under (+74%)
DCFCash Flow₹406.2216%Under (+143.2%)
Net Asset ValueAssets₹583.589%Under (+249.4%)
Earnings YieldEarnings₹413.509%Under (+147.6%)
Revenue MultipleRevenue₹70.637%Over (-57.7%)
Consensus (7 models)₹374.90100%Undervalued
Key Drivers: EPS CAGR -33.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹71–₹737) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -33.6%

*Investments are subject to market risks

Investment Snapshot

43
Indian Card Clothing Company Ltd scores 43/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health52/100 · Moderate
ROCE 7.0% WeakROE 6.3% AverageD/E 0.30 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 67.3% Stable
Earnings Quality50/100 · Moderate
OPM contracting (2% → -21%) DecliningWorking capital: -49 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -68% YoY Declining
Industry Rank35/100 · Weak
P/E 6.5 vs industry 37.1 Cheaper than peersROCE 7.0% vs industry 15.8% Below peersROE 6.3% vs industry 13.1% Below peers3Y sales CAGR: -14% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 99.3 Cr.
Current Price 167
Intrinsic Value₹374.90
High / Low 384/153
Stock P/E6.54
Book Value 584
Dividend Yield0.00 %
ROCE7.04 %
ROE6.27 %
Face Value 10.0
PEG Ratio-0.19

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indian Card Clothing Company Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indian Card Clothing Company Ltd 99.3 Cr. 167 384/1536.54 5840.00 %7.04 %6.27 % 10.0
Harish Textile Engineers Ltd 23.0 Cr. 69.0 75.0/52.44.42 33.20.00 %9.56 %2.84 % 10.0
Bajaj Steel Industries Ltd 701 Cr. 337 870/30213.3 1990.30 %21.3 %17.9 % 5.00
TRF Ltd 255 Cr. 232 450/21214.8 77.30.00 %21.8 %% 10.0
Sanghvi Movers Ltd 2,315 Cr. 267 413/20515.8 1350.75 %11.8 %10.0 % 1.00
Industry Average9,009.11 Cr1,209.8537.05295.050.38%15.76%13.09%8.88

All Competitor Stocks of Indian Card Clothing Company Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 17.1215.0115.0415.5112.6312.2710.0211.2310.5610.229.6510.7310.41
Expenses 16.0915.0014.7615.2815.3715.3414.2213.6913.8713.8412.5014.0813.74
Operating Profit 1.030.010.280.23-2.74-3.07-4.20-2.46-3.31-3.62-2.85-3.35-3.33
OPM % 6.02%0.07%1.86%1.48%-21.69%-25.02%-41.92%-21.91%-31.34%-35.42%-29.53%-31.22%-31.99%
Other Income 3.532.763.428.004.713.7278.3712.374.4925.927.1611.384.12
Interest 0.560.550.440.650.460.600.550.660.790.730.320.250.22
Depreciation 1.301.331.171.211.541.021.161.231.241.321.111.151.23
Profit before tax 2.700.892.096.37-0.03-0.9772.468.02-0.8520.252.886.63-0.66
Tax % -24.81%58.43%13.88%13.19%2,666.67%-250.52%7.77%2.74%-70.59%13.68%20.14%18.25%-9.09%
Net Profit 3.370.361.805.54-0.831.4666.847.81-0.2517.482.295.41-0.61
EPS in Rs 5.670.613.039.32-1.402.46112.5013.15-0.4229.423.859.11-1.03

Last Updated: March 4, 2026, 9:06 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 74857965725861546766554241
Expenses 76797569797363536565605654
Operating Profit -264-4-8-16-2121-5-14-13
OPM % -2%7%5%-6%-11%-28%-3%1%2%2%-9%-32%-32%
Other Income 1433024-7353226101912149
Interest 2112233222232
Depreciation 81086544457555
Profit before tax 3-32612-23-20-4-22212710029
Tax % 24%-14%18%26%-21%4%23%35%14%10%-7%8%
Net Profit 3-3219-18-20-5-2191489225
EPS in Rs 5.71-6.2839.6819.05-40.06-45.13-11.12-3.87321.376.1613.42154.6341.35
Dividend Payout % 52%-40%37%63%0%0%0%0%8%406%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-200.00%800.00%-57.14%-300.00%-11.11%75.00%60.00%9650.00%-97.91%100.00%1050.00%
Change in YoY Net Profit Growth (%)0.00%1000.00%-857.14%-242.86%288.89%86.11%-15.00%9590.00%-9747.91%197.91%950.00%

Indian Card Clothing Company Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-7%
5 Years:-7%
3 Years:-14%
TTM:-17%
Compounded Profit Growth
10 Years:21%
5 Years:33%
3 Years:186%
TTM:53%
Stock Price CAGR
10 Years:5%
5 Years:21%
3 Years:3%
1 Year:-11%
Return on Equity
10 Years:-1%
5 Years:3%
3 Years:4%
Last Year:6%

Last Updated: September 5, 2025, 7:05 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 5555555666666
Reserves 91879710080595466257233240332341
Borrowings 151481212131822192125175
Other Liabilities 31284132543424212022212124
Total Liabilities 142134150148151111100114301281292377376
Fixed Assets 68614642373433425149353433
CWIP 4332101001011
Investments 27255063652715830150182250274
Other Assets 434451424949526422082749367
Total Assets 142134150148151111100114301281292377376

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6624-140-35-11-2-032-17
Cash from Investing Activity + 2-112023613-2167-121-2158
Cash from Financing Activity + -7-4-15-17-2-1217-5-31-2-12
Net Cash Flow 219-1101413162-149-2128
Free Cash Flow 444840-39-12-14214-2-463
CFO/OP -370%128%453%346%-16%215%562%-454%-6%356%-29%105%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-17.00-8.00-4.00-16.00-20.00-29.00-20.00-21.00-17.00-20.00-30.00-31.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 795555676770677975867475
Inventory Days 209216193292265264231237154213213317
Days Payable 8054129178217170153147117179238331
Cash Conversion Cycle 2092181201821151641451691121205061
Working Capital Days 3726-1219-701726718373162-49
ROCE %1%-3%-1%-5%-7%-19%-6%-1%1%1%2%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%
FIIs 0.00%0.00%0.25%0.25%0.26%0.25%0.22%0.22%0.14%0.14%0.01%0.00%
DIIs 0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public 32.64%32.65%32.39%32.39%32.39%32.39%32.42%32.42%32.50%32.51%32.64%32.63%
No. of Shareholders 10,0119,6609,97810,51010,80010,50210,29610,48110,24910,29210,37410,201

Shareholding Pattern Chart

No. of Shareholders

Indian Card Clothing Company Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 154.6313.416.16321.36-4.42
Diluted EPS (Rs.) 154.6313.416.16321.36-4.42
Cash EPS (Rs.) 162.9521.7214.68324.352.81
Book Value[Excl.RevalReserv]/Share (Rs.) 569.35414.48401.40450.08129.10
Book Value[Incl.RevalReserv]/Share (Rs.) 569.35414.48401.40450.08129.10
Revenue From Operations / Share (Rs.) 70.7593.34111.28111.9691.98
PBDIT / Share (Rs.) 50.9924.5823.0712.296.38
PBIT / Share (Rs.) 42.6816.2714.708.86-0.53
PBT / Share (Rs.) 168.1312.566.64372.35-3.06
Net Profit / Share (Rs.) 154.6313.416.31320.93-4.11
NP After MI And SOA / Share (Rs.) 154.6313.416.16321.36-3.88
PBDIT Margin (%) 72.0826.3320.7310.976.94
PBIT Margin (%) 60.3217.4313.217.91-0.58
PBT Margin (%) 237.6613.455.96332.58-3.32
Net Profit Margin (%) 218.5714.365.67286.65-4.47
NP After MI And SOA Margin (%) 218.5714.365.53287.04-4.21
Return on Networth / Equity (%) 27.153.231.5372.74-3.22
Return on Capital Employeed (%) 7.313.543.311.82-0.32
Return On Assets (%) 24.392.721.3063.34-2.01
Long Term Debt / Equity (X) 0.000.080.080.070.25
Total Debt / Equity (X) 0.030.080.080.070.30
Asset Turnover Ratio (%) 0.120.190.220.270.43
Current Ratio (X) 3.454.948.0717.293.79
Quick Ratio (X) 3.104.457.4416.473.05
Inventory Turnover Ratio (X) 4.221.211.971.941.08
Dividend Payout Ratio (NP) (%) 0.000.00811.180.000.00
Dividend Payout Ratio (CP) (%) 0.000.00344.040.000.00
Earning Retention Ratio (%) 0.000.00-711.180.000.00
Cash Earning Retention Ratio (%) 0.000.00-244.040.000.00
Interest Coverage Ratio (X) 11.106.816.391.612.19
Interest Coverage Ratio (Post Tax) (X) 6.354.743.98-5.59-0.54
Enterprise Value (Cr.) 110.87144.53102.563.1280.55
EV / Net Operating Revenue (X) 2.642.611.550.041.47
EV / EBITDA (X) 3.669.907.480.4221.24
MarketCap / Net Operating Revenue (X) 3.312.641.902.521.47
Retention Ratios (%) 0.000.00-711.180.000.00
Price / BV (X) 0.410.590.520.631.12
Price / Net Operating Revenue (X) 3.312.641.902.521.47
EarningsYield 0.660.050.021.14-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

The Indian Card Clothing Company Ltd. is a Public Limited Listed company incorporated on 24/06/1955 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L29261PN1955PLC009579 and registration number is 009579. Currently Company is involved in the business activities of Manufacture of machinery for preparation of textile fibers, spinning machines, machines for preparing textile yarns, weaving machines (looms), including hand looms, knitting machines. Company's Total Operating Revenue is Rs. 36.09 Cr. and Equity Capital is Rs. 5.94 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Engineering - Heavy14th Floor, 'B' Wing, AP-81, Koregaon Park Pune Maharashtra 411036Contact not found
Management
NamePosition Held
Mr. Prashant TrivediChairman
Mr. Mehul TrivediDeputy Chairman
Mr. Sanjeevkumar KarkamkarExecutive Director & CFO
Mr. Jyoteendra KotharyDirector
Mr. Chirag ShahIndependent Director
Mr. Gurudas Vishwas ArasIndependent Director
Ms. Shivangi KanvindeIndependent Director
Mr. Darshan BhatiaIndependent Director

FAQ

What is the intrinsic value of Indian Card Clothing Company Ltd and is it undervalued?

As of 16 April 2026, Indian Card Clothing Company Ltd's intrinsic value is ₹374.90, which is 124.49% higher than the current market price of ₹167.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (6.27 %), book value (₹584), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indian Card Clothing Company Ltd?

Indian Card Clothing Company Ltd is trading at ₹167.00 as of 16 April 2026, with a FY2026-2027 high of ₹384 and low of ₹153. The stock is currently near its 52-week low. Market cap stands at ₹99.3 Cr..

How does Indian Card Clothing Company Ltd's P/E ratio compare to its industry?

Indian Card Clothing Company Ltd has a P/E ratio of 6.54, which is below the industry average of 37.05. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Indian Card Clothing Company Ltd financially healthy?

Key indicators for Indian Card Clothing Company Ltd: ROCE of 7.04 % is on the lower side compared to the industry average of 15.76%; ROE of 6.27 % is below ideal levels (industry average: 13.09%). Dividend yield is 0.00 %.

Is Indian Card Clothing Company Ltd profitable and how is the profit trend?

Indian Card Clothing Company Ltd reported a net profit of ₹92 Cr in Mar 2025 on revenue of ₹42 Cr. Compared to ₹191 Cr in Mar 2022, the net profit shows a declining trend.

Does Indian Card Clothing Company Ltd pay dividends?

Indian Card Clothing Company Ltd has a dividend yield of 0.00 % at the current price of ₹167.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indian Card Clothing Company Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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