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The Indian Card Clothing Company (INDIANCARD) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.3B

TI The Indian Card Clothing Company INDIANCARD · NSE
Price₹223.00
Fair Value₹104.03
Upside-53.3%
Quality43/100
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Evidence: Medium Range ₹72.82 – ₹133.04

Fair value as of: Jul 3, 2026

From 10 valuation models · updated yesterday

Share price +4.6% over the past month.

Price vs Fair Value (12 months)

₹327.60 ₹158.66 Fair Value ₹104.03 Jul 2025 Jul 2026

12‑month range ₹158.66 – ₹327.60 · fair‑value band ₹72.82 – ₹133.04 · the ₹223.00 price screens above the ₹104.03 fair value. As of Jul 3, 2026.

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Analysis

The Indian Card Clothing Company (INDIANCARD) currently trades at ₹223.00, while our model-based Fair Value estimate is ₹104.03 — implying the stock looks roughly 53.3% overvalued today. We read business quality at 43/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, The Indian Card Clothing Company generated revenue of ₹420M at a net margin of 8.9%. Revenue grew 9.9% year over year. It earns a return on equity of 1.1%. The balance sheet holds a net cash position of ₹37.4M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹420M
Revenue growth (YoY) +9.9%
Net margin 8.9%
Return on equity 1.1%
Free cash flow −₹163M FY2026
P/E ratio 35.6
More key figures
Operating margin -45.8%
EPS (TTM) ₹6.26
EPS growth (YoY) -37.3%
Net cash ₹37.4M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

The Indian Card Clothing Company Limited manufactures and sells card clothing in India. It operates through Card Clothing and Realty segments. The company's products include cotton and synthetic products, such as 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 Accura carding systems for ERM and RSK; Accura carding elements; and XTRAC systems; and card room machinery, including TOPS height measurement and re-sharpening, wire re- sharpening, roller mounting, and clipit machines. In addition, the company engages in real estate activities. It also exports its products. The company was incorporated in 1955 and is based in Pune, India. The Indian Card Clothing Company Limited is a subsidiary of Multi Act Industrial Enterprises Limited.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Indian Card Clothing Company reported revenue of ₹420M in FY2026 versus ₹619M in FY2022, a compound −9.2%/yr. Reported net income was ₹37.2M in FY2026, compounding −62.6%/yr from FY2022.

Revenue −9.2%/yr
FY22 ₹619M
FY23 ₹661M
FY24 ₹555M
FY25 ₹420M
FY26 ₹420M
Net income −62.6%/yr
FY22 ₹1.9B
FY23 ₹36.6M
FY24 ₹79.7M
FY25 ₹919M
FY26 ₹37.2M

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Frequently asked questions

Is The Indian Card Clothing Company (INDIANCARD) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹104.03 versus a price of ₹223.00 — about −53% (overvalued). Model-based estimate, not financial advice.
What is the fair value of INDIANCARD?
Our model-based fair value for The Indian Card Clothing Company is ₹104.03 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹223.00.
What is the quality score of INDIANCARD?
The Indian Card Clothing Company has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Indian Card Clothing Company (INDIANCARD)?
The Indian Card Clothing Company reported trailing-twelve-month revenue of about ₹420M (latest available figure, as of Jul 3, 2026).
What is the net profit margin of INDIANCARD?
The net profit margin of The Indian Card Clothing Company is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.