AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 1 Sep - Mr. Jyoteendra Mansukhlal Kothary resigned as Non-Executive Non-Independent Director effective September 1, 2026.
Source: Bse
Indian Card Clothing Company Limited (INDIANCARD)
Small CapIndustrials stocks · Small cap · NSE
Indian Card Clothing Company Limited operates in Card Clothing, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 02:00 pm ISTDetails
Quote21 Oct, 02:00 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result14 Aug, 06:38 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
34Bearishfull bear SMA stack · SMA20 -9.1% / mo · MACD +
Stock trend: 27
Sector RS: 45
Sector 3M: -7.7% vs Nifty 500 -6.1%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
INDIANCARDD candles · FIT view-13.5%TODAY · PROVISIONALLatest price ₹182.27 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-7.0%
RSI
38
MACD hist
0.70
52W pos
23%
2026-10-21O ₹195.89H ₹197.90L ₹182.26C ₹182.27Vol 383 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
INDIANCARDNifty India ManufacturingNifty 500
- INDIANCARD
- -13.9%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -8.3 pp
Chart stats
19 Oct 2026- From 52W high
- -31.0%
- 52W range position
- 31%
- ATR (14)
- 4.4%
- Volume vs 20D
- 0.04x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹178.2 - ₹214.8
₹278.3
₹153 - ₹278.3
₹8.4
Latest completed session
20-session average
38.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST42
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average47
Revenue +1.4% · PAT +99.1% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model+53.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence58
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 47/100margin compression · Rev +1% YoY · PAT +99% YoY · operating leverage
Filed 14 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹9.8 Cr | +1.4% | -13.0% |
| EBITDA | ₹-3 Cr | -6.7% | +22.4% |
| Operating margin | -31.1% | -155 bps | +380 bps |
| PAT | ₹4.6 Cr | +99.1% | NDF |
| PAT margin | 46.6% | +2290 bps | +7670 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 16.00
- P/B
- 0.32
- EV/EBITDA
- —
- Market Cap
- 110.00Cr
Profitability
- ROE
- 0.23%
- ROCE
- 0.98%
- ROA
- 1.63%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -5.00%
- EPS 5Y
- 18.00%
- Revenue 3Y
- -14.00%
- EPS 3Y
- -40.00%
Balance Sheet
- Debt/Equity
- 0.01
- Interest Coverage
- -13.41×
- Altman Z
- 4.42
- Book Value
- 577.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 8/5
- OCF
- -15.86 Cr
- EPS TTM
- 10.07
Shareholding
- Promoter Hold
- 67.33%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 22%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 42.0+0.0% vs prev
Net Profit
₹ CrLatest: 3.7-96.0% vs prev
Return on Equity
%Latest: 1.1-96.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 38.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~10.6% over last month) — short-term momentum negative.
- RSI(14) at 38 — falling, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 34% off 52W high · 19% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
34
RS percentile
Stage 1 Base / Transition
1M return
-8.6%
3M return
-13.9%
6M return
-10.2%
1Y return
-24.8%
RS 1D
+5
RS 20D
-12
Sector rank
#2
Industry rank
-
Stage evidence
- Price is within 7.7% of the 30-week proxy.
- The 30-week proxy changed -0.5% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 75.81+2.21%
RS vs Nifty 50076
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 42 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · WATCHLISTValuation22/30
Growth13/25
Quality0/20
Balance Sheet11/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-8
Raw sum
42
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
42/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 53.9%.
- Valuation contributes 22/30 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Penalty bucket subtracts 8 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Cash flow is weaker at 3/10; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
16.0
PB
0.3
EV/EBITDA
—
ROE
0.2%
ROCE
1.0%
FCF Yield
—
Debt/Equity
0.0
MoS
+53.9%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
42
Previous: 38 (+4)
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+53.9%
Previous: +51.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
41
41
41
41
41
38
38
38
38
38
38
38
Factor attribution
Valuation
22+4
was 18
Modelled fair value
Graham Number
₹361.57
+49.6% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹395.75
+53.9% MoS
PEG
0.89
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LMW
Small
LMW Limited
Textile Machinery
match 43
30
96.7
4.0%
-153%
OVERVALUED
SADBHAV
Small
Sadbhav Engineering Limited
Capital Goods
match 19
45
—
—
+90%
WATCHLIST
VAISHALI
Small
Vaishali Pharma Limited
Defence / Aerospace
match 19
24
24.2
6.0%
+44%
OVERVALUED
SOMICONVEY
Small
Somi Conveyor Beltings Limited
Industrial Products
match 18
44
22.2
6.4%
+44%
WATCHLIST
OSWALSEEDS
Small
ShreeOswal Seeds And Chemicals Limited
Fertilizers & Agrochemicals
match 18
58
9.1
15.4%
+77%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Indian Card Clothing Company Limited operates in Card Clothing, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
58Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 22nd percentile of the scored universe and 18th percentile within Industrials. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
22nd percentile
overall median 67 · Industrials: 18th pctile, median 68 · Small: 25th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
52
watch · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
32
weak · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 67.3%.
- ▸Promoter pledge is zero.
- ▸8 years of positive FCF.
- ▸Debt/equity is 0.01.
Trust risks
- ▸Operating cash flow is negative at ₹-16 Cr.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 2%.
- ▸ROE is low at 1.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Indian Card Clothing Company Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Management 14 Aug - Board approved Q1 FY27 results, £250,000 Garnett Wire investment, and CFO resignation effective September 1, 2026.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Acquisition 14 Aug - Board approved Q1 FY27 results, £250,000 investment in Garnett Wire Ltd., and CFO resignation effective September 1, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Publication of the Notice convening the 72nd Annual General Meeting (AGM), book closure, cut-off date and e-voting information in the newspaper
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Disclosure Under Regulation 30 SEBI (LODR) Regulations, 2015 3 Sep - 72nd AGM on September 24, 2026 via VC/OAVM; FY2025-26 annual report available online.
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.