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

• Market Cap: ₹1.18B
• Dividend Yield: N/A
• Average Volume (3M): 378.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.86
• Revenue Growth: -10.80%
• EPS Growth: -66.88%
• Country: IN
• Employees: 235
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): -1.02
• Shares Outstanding: 5,941,120
• 10 Day Avg. Volume: 480
• 30 Day Avg. Volume: 378
• 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: 40 Underperform
• Price Target: ₹189.00 ▼(-21.45% Downside)
• Action: Downgraded Date: 03/26/26
• Date: Action: Downgraded 03/26/26

The score is primarily weighed down by weak technical momentum (price below all key moving averages with bearish MACD) and concerning cash flow trends (negative operating and free cash flow). While the balance sheet appears relatively stable and net margin improved recently, ongoing operating losses (negative EBIT) and a negative P/E keep the overall profile low.

Positive Factors

Consumable-driven recurring revenue

The company's core business sells card clothing consumables that are periodically replaced by textile mills. This creates a structurally recurring revenue stream tied to maintenance cycles, supporting predictability of orders, customer stickiness, and long-term demand visibility across textile industry cycles.

Negative Factors

Negative operating & free cash flow

Persistent negative operating and free cash flow constrains liquidity and restricts the firm's ability to self-fund capex, inventory build or working capital needs. Over months this raises reliance on external financing, increases vulnerability to cash squeezes, and limits strategic flexibility.

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, lic...

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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, lic...

How the Company Makes Money

INDIANCARD makes money primarily by manufacturing and selling card clothing products and related textile machine consumables to textile mills and other industrial customers. Revenue is generated through (1) product sales of card clothing (core lin...

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INDIANCARD makes money primarily by manufacturing and selling card clothing products and related textile machine consumables to textile mills and other industrial customers. Revenue is generated through (1) product sales of card clothing (core lin...

Indian Card Clothing Co. Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	411.66M	420.31M	554.57M	661.14M	619.35M	539.78M
Gross Profit	309.60M	301.07M	390.64M	448.53M	355.63M	86.87M
EBITDA	358.06M	1.08B	131.54M	28.16M	2.28B	40.19M
Net Income	249.30M	918.69M	79.66M	36.62M	1.91B	-23.04M
Balance Sheet
Total Assets	3.76B	3.77B	2.92B	2.81B	3.01B	1.14B
Cash, Cash Equivalents and Short-Term Investments	942.20M	798.23M	513.91M	1.12B	1.88B	279.33M
Total Debt	49.86M	168.75M	249.76M	208.67M	191.89M	218.12M
Total Liabilities	288.15M	383.17M	458.31M	428.61M	340.17M	377.31M
Stockholders Equity	3.47B	3.38B	2.46B	2.38B	2.62B	715.02M
Cash Flow
Free Cash Flow	-104.69M	-331.21M	-41.73M	-28.49M	-67.01M	-137.71M
Operating Cash Flow	-80.16M	-173.22M	15.49M	29.56M	-889.00K	-20.41M
Investing Cash Flow	-92.05M	574.76M	-207.78M	-1.21B	1.67B	-19.46M
Financing Cash Flow	-123.49M	-118.50M	-21.12M	-308.38M	-45.93M	170.92M

Indian Card Clothing Co. Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 240.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIANCARD, the sentiment is Neutral. The current price of 240.6 is above the 20-day moving average (MA) of 181.18, above the 50-day MA of 205.23, and below the 200-day MA of 252.57, indicating a neutral trend. The MACD of -6.73 indicates Negative momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 95.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
RPPL	63 Neutral	₹1.18B	16.55	―	―	10.14%	73.18%
TAINWALCHM	63 Neutral	₹1.69B	13.34	―	1.64%	―	―
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
INCREDIBLE	59 Neutral	₹1.62B	26.50	―	―	10.59%	82.10%
UMAEXPORTS	58 Neutral	₹947.35M	25.72	―	―	-2.03%	-124.89%
INDIANCARD	40 Underperform	₹1.18B	-59.27	―	―	-10.80%	-66.88%

Indian Card Clothing Co. Ltd. Corporate Events