Indian Card Clothing Company Limited (INDIANCARD) - Net Assets
Based on the latest financial reports, Indian Card Clothing Company Limited (INDIANCARD) has net assets worth Rs3.47 Billion INR (≈ $37.52 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.76 Billion ≈ $40.64 Million USD) and total liabilities (Rs288.15 Million ≈ $3.12 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check INDIANCARD cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs3.47 Billion |
| % of Total Assets | 92.33% |
| Annual Growth Rate | 8.42% |
| 5-Year Change | 341.0% |
| 10-Year Change | 216.19% |
| Growth Volatility | 56.47 |
Indian Card Clothing Company Limited - Net Assets Trend (2006–2025)
This chart illustrates how Indian Card Clothing Company Limited's net assets have evolved over time, based on quarterly financial data. Also explore INDIANCARD total asset value for the complete picture of this company's asset base.
Annual Net Assets for Indian Card Clothing Company Limited (2006–2025)
The table below shows the annual net assets of Indian Card Clothing Company Limited from 2006 to 2025. For live valuation and market cap data, see market value of Indian Card Clothing Company Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs3.38 Billion ≈ $36.58 Million |
+37.36% |
| 2024-03-31 | Rs2.46 Billion ≈ $26.63 Million |
+3.26% |
| 2023-03-31 | Rs2.38 Billion ≈ $25.79 Million |
-10.82% |
| 2022-03-31 | Rs2.67 Billion ≈ $28.92 Million |
+248.62% |
| 2021-03-31 | Rs767.01 Million ≈ $8.29 Million |
+19.48% |
| 2020-03-31 | Rs641.98 Million ≈ $6.94 Million |
-7.18% |
| 2019-03-31 | Rs691.66 Million ≈ $7.48 Million |
-23.05% |
| 2018-03-31 | Rs898.81 Million ≈ $9.72 Million |
-17.91% |
| 2017-03-31 | Rs1.09 Billion ≈ $11.84 Million |
+2.36% |
| 2016-03-31 | Rs1.07 Billion ≈ $11.57 Million |
+14.27% |
| 2015-03-31 | Rs936.21 Million ≈ $10.12 Million |
-4.36% |
| 2014-03-31 | Rs978.92 Million ≈ $10.59 Million |
+1.35% |
| 2013-03-31 | Rs965.89 Million ≈ $10.45 Million |
+2.20% |
| 2012-03-31 | Rs945.10 Million ≈ $10.22 Million |
+7.64% |
| 2011-03-31 | Rs878.02 Million ≈ $9.50 Million |
+1.36% |
| 2010-03-31 | Rs866.23 Million ≈ $9.37 Million |
+3.80% |
| 2009-03-31 | Rs834.48 Million ≈ $9.02 Million |
-1.14% |
| 2008-03-31 | Rs844.13 Million ≈ $9.13 Million |
+3.11% |
| 2007-03-31 | Rs818.69 Million ≈ $8.85 Million |
+12.54% |
| 2006-03-31 | Rs727.47 Million ≈ $7.87 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Indian Card Clothing Company Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 285053600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs2.85 Billion | 84.27% |
| Common Stock | Rs59.41 Million | 1.76% |
| Other Comprehensive Income | Rs250.60 Million | 7.41% |
| Other Components | Rs222.00 Million | 6.56% |
| Total Equity | Rs3.38 Billion | 100.00% |
Indian Card Clothing Company Limited Competitors by Market Cap
The table below lists competitors of Indian Card Clothing Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Future Retail Limited
NSE:FRETAIL
|
$13.37 Million |
|
Tellusgruppen AB
ST:TELLUS
|
$13.38 Million |
|
AroCell AB
ST:AROC
|
$13.39 Million |
|
VOGO SA
PA:ALVGO
|
$13.39 Million |
|
SAIHEAT Limited
NASDAQ:SAIH
|
$13.37 Million |
|
Torrent Capital Ltd
V:TORR
|
$13.36 Million |
|
Prospera Energy Inc
V:PEI
|
$13.36 Million |
|
DatChat Inc
NASDAQ:DATS
|
$13.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indian Card Clothing Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,462,490,000 to 3,382,549,000, a change of 920,059,000 (37.4%).
- Net income of 918,688,000 contributed positively to equity growth.
- Dividend payments of 216,000 reduced retained earnings.
- Other comprehensive income increased equity by 259,775,999.
- Other factors decreased equity by 258,188,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs918.69 Million | +27.16% |
| Dividends Paid | Rs216.00K | -0.01% |
| Other Comprehensive Income | Rs259.78 Million | +7.68% |
| Other Changes | Rs-258.19 Million | -7.63% |
| Total Change | Rs- | 37.36% |
Book Value vs Market Value Analysis
This analysis compares Indian Card Clothing Company Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.37x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.34x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs155.78 | Rs208.10 | x |
| 2007-03-31 | Rs175.50 | Rs208.10 | x |
| 2008-03-31 | Rs181.35 | Rs208.10 | x |
| 2009-03-31 | Rs179.19 | Rs208.10 | x |
| 2010-03-31 | Rs186.21 | Rs208.10 | x |
| 2011-03-31 | Rs188.75 | Rs208.10 | x |
| 2012-03-31 | Rs203.27 | Rs208.10 | x |
| 2013-03-31 | Rs206.99 | Rs208.10 | x |
| 2014-03-31 | Rs209.70 | Rs208.10 | x |
| 2015-03-31 | Rs200.09 | Rs208.10 | x |
| 2016-03-31 | Rs222.45 | Rs208.10 | x |
| 2017-03-31 | Rs229.10 | Rs208.10 | x |
| 2018-03-31 | Rs185.80 | Rs208.10 | x |
| 2019-03-31 | Rs140.16 | Rs208.10 | x |
| 2020-03-31 | Rs129.33 | Rs208.10 | x |
| 2021-03-31 | Rs137.04 | Rs208.10 | x |
| 2022-03-31 | Rs441.76 | Rs208.10 | x |
| 2023-03-31 | Rs401.40 | Rs208.10 | x |
| 2024-03-31 | Rs414.48 | Rs208.10 | x |
| 2025-03-31 | Rs569.36 | Rs208.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indian Card Clothing Company Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 218.58%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.11x
- Recent ROE (27.16%) is above the historical average (7.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 23.69% | 29.51% | 0.64x | 1.25x | Rs97.05 Million |
| 2007 | 21.41% | 30.88% | 0.56x | 1.25x | Rs91.11 Million |
| 2008 | 7.65% | 11.47% | 0.48x | 1.38x | Rs-19.39 Million |
| 2009 | 0.45% | 0.75% | 0.44x | 1.37x | Rs-77.86 Million |
| 2010 | 5.42% | 8.55% | 0.44x | 1.45x | Rs-38.81 Million |
| 2011 | 3.22% | 4.75% | 0.45x | 1.49x | Rs-58.27 Million |
| 2012 | 12.63% | 14.21% | 0.61x | 1.45x | Rs24.37 Million |
| 2013 | 2.88% | 3.65% | 0.51x | 1.54x | Rs-67.04 Million |
| 2014 | 2.72% | 3.13% | 0.58x | 1.49x | Rs-69.39 Million |
| 2015 | -3.14% | -3.36% | 0.64x | 1.47x | Rs-119.66 Million |
| 2016 | 17.84% | 22.83% | 0.53x | 1.48x | Rs79.39 Million |
| 2017 | 8.32% | 13.44% | 0.44x | 1.42x | Rs-17.52 Million |
| 2018 | -21.56% | -27.87% | 0.43x | 1.78x | Rs-266.81 Million |
| 2019 | -32.21% | -40.36% | 0.46x | 1.74x | Rs-269.22 Million |
| 2020 | -8.60% | -9.66% | 0.52x | 1.70x | Rs-109.48 Million |
| 2021 | -3.22% | -4.27% | 0.47x | 1.60x | Rs-94.54 Million |
| 2022 | 72.75% | 308.27% | 0.21x | 1.15x | Rs1.65 Billion |
| 2023 | 1.54% | 5.54% | 0.23x | 1.18x | Rs-201.86 Million |
| 2024 | 3.23% | 14.36% | 0.19x | 1.19x | Rs-166.59 Million |
| 2025 | 27.16% | 218.58% | 0.11x | 1.11x | Rs580.43 Million |
Industry Comparison
This section compares Indian Card Clothing Company Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-11,328,224,579
- Average return on equity (ROE) among peers: 5.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indian Card Clothing Company Limited (INDIANCARD) | Rs3.47 Billion | 23.69% | 0.08x | $13.37 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.72 Billion | 2.06% | 2.38x | $38.07 Million |
| Akshar Spintex Limited (AKSHAR) | $194.97 Million | -2.63% | 2.61x | $4.09 Million |
| Alok Industries Limited (ALOKINDS) | $-123.08 Billion | 0.00% | 0.00x | $740.48 Million |
| Alps Industries Limited (ALPSINDUS) | $-7.74 Billion | 0.00% | 0.00x | $1.45 Million |
| Axita Cotton Limited (AXITA) | $25.59 Million | 2.29% | 4.18x | $30.46 Million |
| AYM Syntex Limited (AYMSYNTEX) | $3.03 Billion | 1.94% | 1.66x | $147.81 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.48 Billion | 10.96% | 3.19x | $43.60 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $2.08 Billion | 18.68% | 3.00x | $21.26 Million |
| Bombay Dyeing & Mfg Company Limited (BOMDYEING) | $4.65 Billion | 13.20% | 1.47x | $252.53 Million |
| Cheviot Company Limited (CHEVIOT) | $2.36 Billion | 5.07% | 0.09x | $74.09 Million |
About Indian Card Clothing Company Limited
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… Read more