Indian Card Clothing Co. Ltd. (INDIANCARD) AI Stock Analysis

• Market Cap: ₹1.58B
• Dividend Yield: N/A
• Average Volume (3M): 2.04K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.62
• Revenue Growth: -17.38%
• EPS Growth: -62.57%
• Country: IN
• Employees: 235
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Apparel - Manufacturers
• EPS (TTM): 3.86
• Shares Outstanding: 5,941,120
• 10 Day Avg. Volume: 2,134
• 30 Day Avg. Volume: 2,041
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹297.00
• Price Target Upside: 11.74% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 52 Neutral
• Price Target: ₹297.00 ▲(11.74% Upside)

The overall stock score is primarily influenced by the company's financial performance and technical analysis. The strong gross margins and improving net margins are positive, but operational inefficiencies and liquidity concerns are significant risks. The technical indicators suggest a bearish trend, while the low P/E ratio indicates potential undervaluation.

Indian Card Clothing Co. Ltd. Business Overview & Revenue Model

Company Description

The Indian Card Clothing Company Limited manufactures and sells card clothing in India. The company operates in Card Clothing and Real Estate segments. Its products include cotton and synthetic products comprising cylinder wires, doffer wires, lickerin wires, and flat tops; metallic wires for non-woven cards; woolen, sundry, and fancy fillets; and rasing fillets and brush sheets for various fibres, yarn rasing fillets, humbugs, and hand cleaning cards. The company also provides Accura carding systems for ERM and RSK; Accura carding elements; and XTRAC systems; and card room machinery, including TOPS height measurement and re-shaping, wire re-shaping, roller mounting, and clipit machines. It also exports its products. The company was incorporated in 1955 and is based in Pune, India. The Indian Card Clothing Company Limited is a subsidiary of Multi Act Industrial Enterprises Limited.

How the Company Makes Money

Indian Card Clothing Co. Ltd. generates revenue by manufacturing and selling card clothing and carding equipment to textile manufacturers. The company's primary revenue streams include the sale of card clothing products, which are essential components used in the carding process of textile production. Additionally, the company may earn income through the provision of maintenance and support services for its equipment. Indian Card Clothing Co. Ltd. may also engage in strategic partnerships and collaborations with other industry players to expand its market reach and enhance its product offerings, contributing to its overall earnings.

Indian Card Clothing Co. Ltd. Financial Statement Overview

Summary

Indian Card Clothing Co. Ltd. shows strong gross margins and improving net margins, but faces challenges with persistent operational losses and negative cash flow, indicating liquidity risks. The balance sheet is robust with low leverage, but cash flow issues need urgent attention.

Income Statement

The company has experienced significant fluctuations in revenue over the past few years. The net profit margin has improved notably, turning positive in 2025, driven by a substantial increase in net income, but EBIT remains negative, indicating operational inefficiencies. Gross profit margins are strong, but the company struggles with consistent profitability at the EBIT and EBITDA levels.

Balance Sheet

The balance sheet shows a strong equity position with a high equity ratio, reflecting financial stability. However, the company has a low debt-to-equity ratio, suggesting conservative leverage usage. Return on equity has improved significantly, indicating better returns for shareholders, but the company's assets have increased sharply, which could imply inefficiencies.

Cash Flow

The cash flow situation is concerning, with negative free cash flow and operating cash flow in the latest period, suggesting liquidity issues. Free cash flow has been consistently negative, indicating ongoing cash utilization issues. The operating cash flow to net income ratio shows divergence, indicating potential non-cash income components or other operational cash flow issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	440.82M	420.31M	554.57M	661.14M	619.35M	491.09M
Gross Profit	240.63M	301.07M	390.64M	448.53M	355.63M	292.05M
EBITDA	859.13M	1.08B	131.54M	103.64M	2.28B	40.19M
Net Income	758.49M	918.69M	79.66M	36.62M	1.91B	-23.04M
Balance Sheet
Total Assets	0.00	3.77B	2.92B	2.81B	3.01B	1.14B
Cash, Cash Equivalents and Short-Term Investments	947.08M	798.23M	510.15M	1.12B	1.88B	291.51M
Total Debt	0.00	168.75M	249.76M	208.67M	191.89M	218.12M
Total Liabilities	-3.21B	383.17M	458.31M	428.61M	340.17M	377.31M
Stockholders Equity	3.21B	3.38B	2.46B	2.38B	2.62B	715.02M
Cash Flow
Free Cash Flow	0.00	-331.21M	-41.73M	-28.49M	-67.01M	-137.71M
Operating Cash Flow	0.00	-173.22M	15.49M	29.56M	-889.00K	-20.41M
Investing Cash Flow	0.00	510.69M	-207.78M	-1.21B	1.67B	-19.46M
Financing Cash Flow	0.00	-118.50M	-21.12M	-308.38M	-45.93M	170.92M

Indian Card Clothing Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 265.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIANCARD, the sentiment is Negative. The current price of 265.8 is below the 20-day moving average (MA) of 273.00, below the 50-day MA of 281.95, and below the 200-day MA of 295.04, indicating a bearish trend. The MACD of -3.07 indicates Positive momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of 7.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDIANCARD.

Indian Card Clothing Co. Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INCREDIBLE	74 Outperform	2.16B	14.84	8.60%	―	2.61%	133.15%
RPPL	60 Neutral	1.54B	15.72	4.93%	―	18.96%	113.59%
UMAEXPORTS	58 Neutral	1.60B	-62.86	1.80%	―	1.64%	-115.83%
INDIANCARD	52 Neutral	₹1.58B	5.78	―	―	-17.38%	-62.57%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%

Indian Card Clothing Co. Ltd. Corporate Events

Indian Card Clothing Co. Ltd. Announces 71st AGM Details

Indian Card Clothing Co. Ltd. has announced the publication of a notice for its 71st Annual General Meeting (AGM) in newspapers, as per regulatory requirements. This announcement includes details about the AGM, book closure, cut-off date, and e-voting information. The notice is part of the company’s compliance with the Securities and Exchange Board of India regulations, ensuring transparency and communication with stakeholders. This move is likely to reinforce the company’s commitment to regulatory compliance and stakeholder engagement.

Indian Card Clothing Co. Ltd. Announces AGM Details

Indian Card Clothing Company Limited has announced the record date for its upcoming 71st Annual General Meeting (AGM) as September 15, 2025. The AGM is scheduled for September 22, 2025, and will be conducted via video conferencing. The company has also stated that its Register of Members and Share Transfer Books will be closed from September 16 to September 22, 2025, for the AGM. Voting rights for e-voting will be based on the shareholding as of the record date. This announcement is part of the company’s compliance with SEBI regulations and is included in the company’s annual report, which is available on its website.

Indian Card Clothing Announces 71st AGM Notice in Newspapers

Indian Card Clothing Co. Ltd. has announced the publication of a notice regarding its 71st Annual General Meeting in prominent newspapers, complying with SEBI regulations and Ministry of Corporate Affairs guidelines. This announcement underscores the company’s commitment to transparency and regulatory compliance, potentially impacting its stakeholders positively by ensuring informed participation in corporate governance.