Indian Card Clothing Company Ltd

Indian Card Clothing Company Ltd (INDIANCARD)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-17.66 %
3 Month Return-14.46 %
1 Year Return48.83 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 82
Rank 90
Rank 37
Dividend Yield
Rank 41
Rank 318
Price To Book Ratio
Debt To Asset
Rank 106

Company Information

Indian Card Clothing Company ICCCL was incorporated in Jul.55 as a private limited company. It was converted into a public limited company in Jan.76. The company was promoted as a joint venture between two British companies The English Card Clothing Company and the Carclo Engineering group. 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 has maintained ISO 9002 recognition by Bureau Veritas Quality International for Metallic and flexible card clothing R D Centre begun to make a contribution to development of newer and improved products and processes.The company is planning to develop new products for carding applications and also improvement in the processes.
OrganisationIndian Card Clothing Company Ltd