NSEI:INDIANCARD

Stock Analysis Report

Executive Summary

The Indian Card Clothing Company Limited manufactures and sells flexible and metallic card clothing products in India and internationally.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Indian Card Clothing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INDIANCARD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

INDIANCARD

-4.4%

IN Luxury

-3.5%

IN Market


1 Year Return

9.4%

INDIANCARD

12.8%

IN Luxury

5.2%

IN Market

Return vs Industry: INDIANCARD underperformed the Indian Luxury industry which returned 12.8% over the past year.

Return vs Market: INDIANCARD exceeded the Indian Market which returned 5.2% over the past year.


Shareholder returns

INDIANCARDIndustryMarket
7 Day-6.4%-4.4%-3.5%
30 Day-14.8%-1.4%-3.9%
90 Day8.2%6.0%-2.1%
1 Year9.4%9.4%13.5%12.8%7.2%5.2%
3 Year-45.0%-45.6%45.8%44.0%18.9%12.4%
5 Year9.6%-3.9%97.3%93.7%29.4%17.7%

Price Volatility Vs. Market

How volatile is Indian Card Clothing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Indian Card Clothing undervalued compared to its fair value and its price relative to the market?

0.82x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate INDIANCARD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate INDIANCARD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: INDIANCARD is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: INDIANCARD is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate INDIANCARD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: INDIANCARD is overvalued based on its PB Ratio (0.8x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Indian Card Clothing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Indian Card Clothing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Indian Card Clothing performed over the past 5 years?

-40.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INDIANCARD is currently unprofitable.

Growing Profit Margin: INDIANCARD is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INDIANCARD is unprofitable, and losses have increased over the past 5 years at a rate of -40.7% per year.

Accelerating Growth: Unable to compare INDIANCARD's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INDIANCARD is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (6.4%).


Return on Equity

High ROE: INDIANCARD has a negative Return on Equity (-16.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Indian Card Clothing's financial position?


Financial Position Analysis

Short Term Liabilities: INDIANCARD's short term assets (₹464.8M) exceed its short term liabilities (₹345.2M).

Long Term Liabilities: INDIANCARD's short term assets (₹464.8M) exceed its long term liabilities (₹70.5M).


Debt to Equity History and Analysis

Debt Level: INDIANCARD's debt to equity ratio (19.3%) is considered satisfactory.

Reducing Debt: INDIANCARD's debt to equity ratio has increased from 15.5% to 19.3% over the past 5 years.


Balance Sheet

Inventory Level: INDIANCARD has a high level of physical assets or inventory.

Debt Coverage by Assets: INDIANCARD's debt is covered by short term assets (assets are 3.7x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if INDIANCARD has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INDIANCARD has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Indian Card Clothing's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate INDIANCARD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate INDIANCARD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INDIANCARD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INDIANCARD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: INDIANCARD is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INDIANCARD's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Alok Misra 0

0.8yrs

Tenure

Mr. Alok Misra has been a Chief Executive Officer at The Indian Card Clothing Company Limited since May 7, 2019. He serves as Executive President of Manufacturing, Cables and Wires at Polycab India Limited ...


Leadership Team

NamePositionTenureCompensationOwnership
Kishor Makwana
Chief Financial Officer1.3yrs₹3.61mno data
Prasad Mahale
Vice President of Sales & Marketing0yrsno datano data
Yogesh Deshpande
Vice President of SCM & Materials0yrsno datano data
Vikul Shaunak
Vice President of Operations - Nalagarh0yrsno datano data
Alok Misra
Chief Executive Officer0.8yrsno datano data
Amogh Barve
Company Secretary and Head of Legal & Corporate Affairs0.8yrs₹1.66mno data
Vishal Upadhye
Head of Human Resource0yrsno datano data
Praveen Agarwal
Vice President of Operations - Nalagarh0yrsno datano data

0.8yrs

Average Tenure

42yo

Average Age

Experienced Management: INDIANCARD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jyoteendra Kothary
Non-Executive Independent Director35yrs₹365.00kno data
Prashant Trivedi
Chairman of the Board0yrs₹180.00kno data
Mehul Trivedi
Deputy Chairman0yrs₹185.00kno data
Kunjbihari Trivedi
Chairman Emeritius8.5yrs₹60.00kno data
Sudhir Merchant
Non-Executive Independent Director25.4yrs₹345.00kno data
Sangeeta Pandit
Independent Non-Executive Director5.3yrs₹240.00kno data
Sanjeevkumar Karkamkar
Additional Non-Executive Non Independent Director1.6yrs₹810.00kno data
Darshan Bhatia
Independent Director1.3yrs₹60.00kno data

6.9yrs

Average Tenure

61yo

Average Age

Experienced Board: INDIANCARD's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The Indian Card Clothing Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The Indian Card Clothing Company Limited
  • Ticker: INDIANCARD
  • Exchange: NSEI
  • Founded: 1955
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: ₹495.950m
  • Shares outstanding: 4.55m
  • Website: https://www.cardindia.com

Location

  • The Indian Card Clothing Company Limited
  • Plot No. 265
  • MIDC, Sector 10
  • Pune
  • Maharashtra
  • 411026
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509692BSE (Mumbai Stock Exchange)YesEquity SharesININRJan 1997
INDIANCARDNSEI (National Stock Exchange of India)YesEquity SharesININRJan 1997

Biography

The Indian Card Clothing Company Limited manufactures and sells flexible and metallic card clothing products in India and internationally. It operates in two segments, Card Clothing and Real Estate. The company’s 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. It also provides various card clothing accessories, including Web catcher; Accura carding systems for ERM and RSK; Accura carding elements; and XTRAC systems. The company was incorporated in 1955 and is headquartered in Pune, India. The Indian Card Clothing Company Limited is a subsidiary of Multi Act Industrial Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 13:11
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.