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

• Market Cap: ₹1.48B
• Dividend Yield: N/A
• Average Volume (3M): 189.00
• Price to Earnings (P/E): 5.4
• Beta (1Y): 0.56
• 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: 151
• 30 Day Avg. Volume: 189
• PEG Ratio: <0.01
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 3.41
• P/FCF Ratio: -4.33
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: ₹243.00 ▼(-0.82% Downside)

The overall stock score of 47 reflects significant operational challenges and bearish technical indicators. The stock's low valuation offers some upside potential, but liquidity risks and negative cash flows are major concerns. Investors should be cautious and monitor for improvements in operational efficiency and cash flow management.

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

Company Description

Indian Card Clothing Co. Ltd. (INDIANCARD) is a leading manufacturer of carding accessories and equipment for the textile industry in India. Established in 1955, the company specializes in producing a wide range of products such as card clothing, which is essential for the processing of fibers in spinning mills. INDIANCARD serves various sectors including cotton, wool, and synthetic fibers, providing innovative solutions that enhance the efficiency and quality of textile manufacturing.

How the Company Makes Money

INDIANCARD generates revenue primarily through the sale of its carding products, which include card clothing for various types of fibers used in textile manufacturing. The company also earns income from the provision of technical services and support to its customers, ensuring optimal performance of their carding machines. Key revenue streams include direct sales to textile mills, aftermarket services, and spare parts sales. Additionally, partnerships with textile machinery manufacturers and distributors enhance market reach and contribute to consistent earnings. The company's strong reputation for quality and innovation in the textile sector further bolsters its revenue potential.

Indian Card Clothing Co. Ltd. Financial Statement Overview

Summary

Indian Card Clothing Co. Ltd. shows strong gross margins and improving net margins. However, persistent operational losses and negative cash flow highlight significant operational challenges. The balance sheet is robust with low leverage, but liquidity risks due to cash flow issues need addressing.

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	416.67M	420.31M	554.57M	661.14M	619.35M	539.78M
Gross Profit	307.94M	301.07M	390.64M	448.53M	355.63M	86.87M
EBITDA	376.91M	1.08B	131.54M	28.16M	2.28B	40.19M
Net Income	273.26M	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	787.49M	798.23M	513.91M	1.12B	1.88B	279.33M
Total Debt	0.00	168.75M	249.76M	208.67M	191.89M	218.12M
Total Liabilities	-3.38B	383.17M	458.31M	428.61M	340.17M	377.31M
Stockholders Equity	3.38B	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	574.76M	-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: 245.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 245 is below the 20-day moving average (MA) of 252.20, below the 50-day MA of 262.28, and below the 200-day MA of 285.31, indicating a bearish trend. The MACD of -2.74 indicates Negative momentum. The RSI at 36.16 is Neutral, neither overbought nor oversold. The STOCH value of 10.68 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	69 Neutral	₹2.05B	14.09	―	―	2.61%	133.15%
RPPL	63 Neutral	₹1.39B	14.19	―	―	18.96%	112.90%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
UMAEXPORTS	54 Neutral	₹1.58B	-62.22	―	―	1.64%	-115.83%
INDIANCARD	47 Neutral	₹1.48B	5.36	―	―	-17.38%	-62.57%

Indian Card Clothing Co. Ltd. Corporate Events

Indian Card Clothing Co. Ltd. Conducts 71st AGM Virtually, Reports Stable Operations

Indian Card Clothing Co. Ltd. held its 71st Annual General Meeting on September 22, 2025, via video conferencing, in compliance with regulatory guidelines. The meeting, chaired by Mr. Prashant Trivedi, included 47 members and covered the company’s performance, with no adverse remarks in the financial or secretarial audit reports, indicating stable operations and positive stakeholder engagement.

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.