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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indian Card Clothing Company Ltd

About the Company -Indian Card Clothing Company Ltd

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. 55.53 Cr. and Equity Capital is Rs. 5.94 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Engineering - Heavy14th Floor, 'B' Wing, AP-81, Koregaon Park Pune Maharashtra 411036investor@cardindia.com
http://www.cardindia.com
Management
NamePosition Held
Mr. Prashant TrivediChairman
Mr. Mehul TrivediDeputy Chairman
Mr. Alok MisraWholeTime Director & CEO
Mr. Darshan BhatiaDirector
Mr. Sudhir MerchantDirector
Dr. Sangeeta PanditDirector
Mr. Chirag ShahDirector
Mr. Sanjeevkumar KarkamkarDirector

Basic Stock Data of Indian Card Clothing Company Ltd

Last Updated: May 30, 2024, 6:21 am

Market Cap 161 Cr.
Current Price 273
High / Low353/205
Stock P/E17.4
Book Value 414
Dividend Yield0.00 %
ROCE1.22 %
ROE1.44 %
Face Value 10.0
PEG Ratio0.20

Indian Card Clothing Company Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales13.7814.8417.4915.0016.6317.1118.1716.7717.2117.1215.0115.0415.51
Expenses13.9414.1716.2114.7016.0616.5318.0016.7817.1116.0915.0014.7615.28
Operating Profit-0.160.671.280.300.570.580.17-0.010.101.030.010.280.23
OPM %-1.16%4.51%7.32%2.00%3.43%3.39%0.94%-0.06%0.58%6.02%0.07%1.86%1.48%
Other Income0.281.561.130.260.431.09224.381.781.853.532.763.428.00
Interest0.330.310.480.570.360.390.710.510.520.560.550.440.65
Depreciation0.961.011.201.041.071.141.261.141.201.301.331.171.21
Profit before tax-1.170.910.73-1.05-0.430.14222.580.120.232.700.892.096.37
Tax %-11.11%21.98%21.92%-17.14%-55.81%0.00%13.53%175.00%56.52%-24.81%58.43%13.88%13.19%
Net Profit-1.310.710.58-1.24-0.660.13192.45-0.080.113.370.361.805.54
EPS in Rs-2.701.250.96-2.09-1.110.50324.06-0.220.125.670.613.039.32

Indian Card Clothing Company Ltd Quarterly Chart

Indian Card Clothing Company Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales82.2874.2874.0485.0979.1364.5371.5257.6161.3153.9866.5166.1158.19
Expenses65.2364.7575.6279.4674.8568.7179.1773.4963.2553.4164.9065.0060.41
Operating Profit17.059.53-1.585.634.28-4.18-7.65-15.88-1.940.571.611.11-2.22
OPM %20.72%12.83%-2.13%6.62%5.41%-6.48%-10.70%-27.56%-3.16%1.06%2.42%1.68%-3.82%
Other Income6.162.5814.202.8830.4023.92-7.463.174.803.45226.169.9418.89
Interest1.311.191.601.200.931.882.452.622.801.732.032.142.10
Depreciation5.535.697.7510.487.756.305.444.304.204.114.527.625.25
Profit before tax16.375.233.27-3.1726.0011.56-23.00-19.63-4.14-1.82221.221.299.32
Tax %27.06%49.33%23.55%13.56%17.73%25.52%21.13%-4.43%-23.19%-34.62%13.81%14.73%
Net Profit11.942.652.51-2.7421.398.60-18.15-20.49-5.10-2.44190.673.756.87
EPS in Rs25.695.955.71-6.2839.6819.05-40.06-45.13-11.12-3.87321.376.1611.56
Dividend Payout %48.65%58.76%52.50%-39.77%36.53%62.98%0.00%0.00%0.00%0.00%7.78%405.74%

Indian Card Clothing Company Ltd Profit & Loss Yearly Chart

Indian Card Clothing Company Ltd Growth

Compounded Sales Growth
10 Years:-1%
5 Years:-2%
3 Years:3%
TTM:-16%
Compounded Profit Growth
10 Years:5%
5 Years:22%
3 Years:35%
TTM:70%
Stock Price CAGR
10 Years:9%
5 Years:20%
3 Years:19%
1 Year:15%
Return on Equity
10 Years:-4%
5 Years:-4%
3 Years:0%
Last Year:1%

Last Updated: May 23, 2024, 3:45 pm

Indian Card Clothing Company Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5555555556666
Reserves889091879710080595466257233240
Borrowings1217151481212131822192123
Other Liabilities30343128413254342421202222
Total Liabilities134145142134150148151111100114301281291
Fixed Assets59606861464237343342514953
CWIP31843321010010
Investments292627255063652715830150184
Other Assets424143445142494952642208253
Total Assets134145142134150148151111100114301281291

Indian Card Clothing Company Ltd Reserves and Borrowings Chart

Indian Card Clothing Company Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -546624-140-35-11-2-03
Cash from Investing Activity 9-112-112023613-2167-121
Cash from Financing Activity -57-7-4-15-17-2-1217-5-31
Net Cash Flow-1-0219-1101413162-149

Indian Card Clothing Company Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days60.2464.0378.9754.8655.0366.9166.8669.8866.6878.7174.9685.52
Inventory Days247.42309.27209.25216.24193.48292.35264.91263.64231.39237.07154.30212.82
Days Payable78.18123.4879.5153.58128.75177.53216.86169.73153.30147.12116.85178.52
Cash Conversion Cycle229.48249.81208.72217.53119.76181.73114.90163.79144.76168.66112.41119.82
Working Capital Days71.4279.6585.1975.3215.4572.51-13.6878.6984.0692.9783.5873.38
ROCE %12.61%4.82%0.66%-2.76%-1.17%-5.32%-6.83%-18.96%-5.53%-0.62%1.37%1.22%

Indian Card Clothing Company Ltd Financial Efficiency Indicators Chart

Indian Card Clothing Company Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%67.33%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.25%0.25%0.26%
DIIs0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%0.03%
Public32.64%32.64%32.64%32.64%32.64%32.64%32.64%32.64%32.65%32.39%32.39%32.39%
No. of Shareholders7,9197,8927,6207,3458,6739,8919,95710,0119,6609,97810,51010,800

Indian Card Clothing Company Ltd Shareholding Pattern Chart

No. of Indian Card Clothing Company Ltd Shareholders

This stock is not held by any mutual fund

Indian Card Clothing Company Ltd ROCE Trend

Indian Card Clothing Company Ltd EPS Trend

Indian Card Clothing Company Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.16321.36-4.42-11.12-45.14
Diluted EPS (Rs.)6.16321.36-4.42-11.12-45.14
Cash EPS (Rs.)14.68324.352.81-1.99-35.59
Book Value[Excl.RevalReserv]/Share (Rs.)401.40450.08129.10141.06151.98
Book Value[Incl.RevalReserv]/Share (Rs.)401.40450.08129.10141.06151.98
Revenue From Operations / Share (Rs.)111.28111.9691.98134.71126.59
PBDIT / Share (Rs.)23.0712.296.38-0.85-27.92
PBIT / Share (Rs.)14.708.86-0.53-10.07-37.37
PBT / Share (Rs.)6.64372.35-3.06-9.10-43.12
Net Profit / Share (Rs.)6.31320.93-4.11-11.21-45.03
NP After MI And SOA / Share (Rs.)6.16321.36-3.88-11.12-45.14
PBDIT Margin (%)20.7310.976.94-0.63-22.05
PBIT Margin (%)13.217.91-0.58-7.47-29.51
PBT Margin (%)5.96332.58-3.32-6.75-34.06
Net Profit Margin (%)5.67286.65-4.47-8.32-35.57
NP After MI And SOA Margin (%)5.53287.04-4.21-8.25-35.65
Return on Networth / Equity (%)1.5372.74-3.22-8.60-32.20
Return on Capital Employeed (%)3.311.82-0.32-6.03-20.63
Return On Assets (%)1.3063.34-2.01-5.05-18.54
Long Term Debt / Equity (X)0.080.070.250.130.03
Total Debt / Equity (X)0.080.070.300.290.18
Asset Turnover Ratio (%)0.220.270.430.500.36
Current Ratio (X)8.2017.293.791.961.84
Quick Ratio (X)7.5716.473.051.391.26
Inventory Turnover Ratio (X)2.361.941.081.370.92
Interest Coverage Ratio (X)6.391.612.19-0.13-4.85
Interest Coverage Ratio (Post Tax) (X)3.98-5.59-0.54-1.98-6.83
Enterprise Value (Cr.)102.563.1280.5553.2967.24
EV / Net Operating Revenue (X)1.550.041.470.861.17
EV / EBITDA (X)7.480.4221.24-137.66-5.29
MarketCap / Net Operating Revenue (X)1.902.521.470.630.94
Price / BV (X)0.520.631.120.660.85
Price / Net Operating Revenue (X)1.902.521.470.630.94
EarningsYield0.021.14-0.02-0.12-0.37

Indian Card Clothing Company Ltd Profitability Ratios (%)

Indian Card Clothing Company Ltd Liquidity Ratios

Indian Card Clothing Company Ltd Liquidity Ratios (%)

Indian Card Clothing Company Ltd Interest Coverage Ratios (%)

Indian Card Clothing Company Ltd Valuation Ratios

Fair Value

Fair Value: ₹105.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 61.24% compared to the current price ₹273

Intrinsic Value: ₹199.25

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 27.02% compared to the current price ₹273

Last 5 Year EPS CAGR: 88.31%

*Investments are subject to market risks

Strength and Weakness of Indian Card Clothing Company Ltd Stock

StrengthWeakness
  1. The company has higher reserves (118.38 cr) compared to borrowings (15.76 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (68.81 cr) and profit (18.65 cr) over the years.
  1. The stock has a low average ROCE of -1.71%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 66.55, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 169.28, which may not be favorable.

FAQ

What is the latest fair value of Indian Card Clothing Company Ltd?

The latest fair value of Indian Card Clothing Company Ltd is ₹105.81.

What is the Market Cap of Indian Card Clothing Company Ltd?

The Market Cap of Indian Card Clothing Company Ltd is 161 Cr..

What is the current Stock Price of Indian Card Clothing Company Ltd as on 30 May 2024?

The current stock price of Indian Card Clothing Company Ltd as on 30 May 2024 is ₹273.

What is the High / Low of Indian Card Clothing Company Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indian Card Clothing Company Ltd stocks is 353/205.

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

The Stock P/E of Indian Card Clothing Company Ltd is 17.4.

What is the Book Value of Indian Card Clothing Company Ltd?

The Book Value of Indian Card Clothing Company Ltd is 414.

What is the Dividend Yield of Indian Card Clothing Company Ltd?

The Dividend Yield of Indian Card Clothing Company Ltd is 0.00 %.

What is the ROCE of Indian Card Clothing Company Ltd?

The ROCE of Indian Card Clothing Company Ltd is 1.22 %.

What is the ROE of Indian Card Clothing Company Ltd?

The ROE of Indian Card Clothing Company Ltd is 1.44 %.

What is the Face Value of Indian Card Clothing Company Ltd?

The Face Value of Indian Card Clothing Company Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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