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Indian Card Clothing Company
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Indian Card Clothing Company Ltd (ICCCL) was incorporated in July, 1955 as a private limited company. It was converted into a public limited company in January, 1976. The company was promoted as a joint venture between two British companies -- The English Card Clothing Company and the Carclo Engineering group. The Company carries out its business in the card clothing and real estate segments.
ICCCL manufactures card clothing suitable for all types of fibres requiring carding, ie, all the natural fibres and manmade fibres in staple form. It also has a 100% EOU at Ahmedabad. The company came out with a rights issue (premium : Rs 70) aggregating Rs 10.4 cr in Dec.'93, to provide for normal capital expenditure and participated in a joint venture with Spindelfabrik Suessen Schurr, Stahlecker & Grill, Germany, which it had undertook to manufacture of textile machinery equipment.
Due to recession in textile industries in the Domestic and Overseas market, the company diversified its project and participate in a Joint Venture with Texmaticc India Ltd, and invested Rs 25 Lac. The Residential housing Project of Nirvan Builders and Developers Ltd. in which company particiapted & received advance for sale of major part of its investment in project. Garnett Wire Ltd, a U.K. Company, in which ICCCL has 60% of issued share capital, this is second year of investment by the ICCCL.
The Company purchased 940 shares of Rs. 100 each at an aggregate price of Rs. 23,000 of Shivraj Sugar and Allied Products Private Limited and therefore it became a subsidiary of the Company during 2007. Production of accura carriers was established at Nalagarh Plant from the third quarter of the year 2010-11. The manufacturing of Metallic Card Clothing was made operational out of Nalagarh Plant during the year 2014-15. Development of setting and grinding operations for Tops was commenced at the Nalagarh plant during the year 2015-16. Tops Height Measuring Device (THM), a new innovation by the Company during FY 2015-16 was introduced in the domestic and overseas market .
New service station started at Panipat for providing prompt service to the Non-woven sector. The commercial building ICC Chambers - I at Powai, in Mumbai was acquired by the Company during year 2020-21.
Indian Card Clothing Company share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Indian Card Clothing Company indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Indian Card Clothing Company is valued compared to its competitors.
Indian Card Clothing Company PE ratio helps investors understand what is the market value of each stock compared to Indian Card Clothing Company 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Indian Card Clothing Company evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Indian Card Clothing Company generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Indian Card Clothing Company in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Indian Card Clothing Company shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Indian Card Clothing Company compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Indian Card Clothing Company over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Indian Card Clothing Company helps investors get an insight into when they can enter or exit the stock. Key components of Indian Card Clothing Company Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Indian Card Clothing Company shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Indian Card Clothing Company ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Indian Card Clothing Company provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Indian Card Clothing Company highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Indian Card Clothing Company .
The balance sheet presents a snapshot of Indian Card Clothing Company ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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