INDIANCARD
Indian Card Clothing Company financials
- Market cap
- ₹124 Cr
- Sector
- Textiles
What Indian Card Clothing Company Limited does
The Indian Card Clothing Company Limited manufactures card clothing, a component used in the textile (spinning/carding) industry, at its Nalagarh manufacturing facility, which holds ISO 9001 certification. Revenue comes from domestic card clothing sales and exports. Its wholly owned UK subsidiary, Garnett Wire Limited (incorporated 1991), manufactures and services wire card clothing for the UK market. A separate subsidiary, ICC International Agencies Limited, ran an agency business representing textile-industry principals, but its operations were closed during FY25 amid difficult conditions in the textile industry.
Segments
- Card clothing manufacturing (India)
- Garnett Wire Limited (UK)
- ICC International Agencies Limited
- Manufacturing plant
- Nalagarh
- Permanent employees
- 219 (as of Mar 2025)
- Quality certification
- ISO 9001 (manufacturing facility)
- Overseas manufacturing subsidiary
- Garnett Wire Limited, UK (incorporated 1991)
- Overseas branch
- Turkey
Quarterly results
Q1 FY27: revenue down 5.3%, net profit up 67.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 9 | 9 | 9 | 8 −13% | 9 −1% | 8 −7% | 9 −5% |
| EBITDA | -2 | -3 | -4 | -2 | -4 −101% | -3 +18% | -4 −15% | -3 −20% |
| Net profit | 8 | -0 | 17 | 3 | 5 −42% | 0 +100% | -4 −121% | 5 +68% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −27.9% 1Y
1Y: ₹294.5 on 10 Sept 2025 → ₹212.45. High ₹294.5 (10 Sept 2025), low ₹156.6 (30 Mar 2026).
Financials, as filed
Revenue fell 18.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to -38.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹64 Cr | ₹49 Cr | ₹36 Cr | ₹35 Cr |
| Operating profit | ₹2 Cr | ₹-3 Cr | ₹-13 Cr | ₹-14 Cr |
| Operating margin | 2.6% | -5.6% | -36.9% | -38.8% |
| Interest | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹1 Cr |
| Depreciation | ₹5 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹4 Cr | ₹8 Cr | ₹92 Cr | ₹4 Cr |
| Net margin | 6.8% | 16.1% | 254.6% | 12.0% |
| Cash from operations | ₹3 Cr | ₹1 Cr | ₹-16 Cr | ₹-16 Cr |
| Free cash flow | ₹-2 Cr | ₹-4 Cr | ₹64 Cr | ₹-19 Cr |
| ROCE | 2.1% | 3.3% | 7.4% | 1.1% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹67 Cr | ₹258 Cr | ₹234 Cr | ₹242 Cr | ₹341 Cr | ₹338 Cr |
| Borrowings | ₹22 Cr | ₹19 Cr | ₹21 Cr | ₹23 Cr | ₹5 Cr | ₹1 Cr |
| Other liabilities | ₹14 Cr | ₹13 Cr | ₹20 Cr | ₹19 Cr | ₹24 Cr | ₹19 Cr |
| Total liabilities | ₹108 Cr | ₹296 Cr | ₹281 Cr | ₹289 Cr | ₹376 Cr | ₹364 Cr |
| Fixed assets | ₹41 Cr | ₹49 Cr | ₹47 Cr | ₹32 Cr | ₹33 Cr | ₹23 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹10 Cr | ₹34 Cr | ₹156 Cr | ₹186 Cr | ₹274 Cr | ₹275 Cr |
| Other assets | ₹58 Cr | ₹213 Cr | ₹77 Cr | ₹70 Cr | ₹67 Cr | ₹65 Cr |
| Total assets | ₹108 Cr | ₹296 Cr | ₹281 Cr | ₹289 Cr | ₹376 Cr | ₹364 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.14 pp while the public added +0.14 pp. The shareholder count shrank 4% to 9,912.
- Promoters
- 67.3%
- DIIs
- 0.0%
- Public
- 32.6%
Since Jun 2025
- FIIs −0.14 pp
- Public +0.14 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 67.3%, FIIs 0.3%, DIIs 0.0%, Public 32.4%.Dec '23: Promoters 67.3%, FIIs 0.3%, DIIs 0.0%, Public 32.4%.Mar '24: Promoters 67.3%, FIIs 0.3%, DIIs 0.0%, Public 32.4%.Jun '24: Promoters 67.3%, FIIs 0.3%, DIIs 0.0%, Public 32.4%.Sep '24: Promoters 67.3%, FIIs 0.2%, DIIs 0.0%, Public 32.4%.Dec '24: Promoters 67.3%, FIIs 0.2%, DIIs 0.0%, Public 32.4%.Mar '25: Promoters 67.3%, FIIs 0.1%, DIIs 0.0%, Public 32.5%.Jun '25: Promoters 67.3%, FIIs 0.1%, DIIs 0.0%, Public 32.5%.Sep '25: Promoters 67.3%, FIIs 0.0%, DIIs 0.0%, Public 32.6%.Dec '25: Promoters 67.3%, DIIs 0.0%, Public 32.6%.Mar '26: Promoters 67.3%, DIIs 0.0%, Public 32.6%.Jun '26: Promoters 67.3%, DIIs 0.0%, Public 32.6%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Aman Kumar newly disclosed 1.16% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Indian Card Clothing Company Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Multi-Act Industrial Enterprises Limited | 67.33% | unchanged |
| Aman Kumar | 1.16% | newly disclosed |
| Multi-Act Trade And Investments Private Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Indian Card Clothing Company Limited
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