Stock Price Movement and Market Context
On 26 Feb 2026, Indian Card Clothing Company Ltd’s share price hovered near its 52-week low of Rs 209.1, a level not seen since the previous year. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum. This contrasts with the broader market, where the Sensex, despite opening 142.71 points higher, slipped by 306.19 points to close at 82,112.59, down 0.2%. The Sensex remains 4.93% below its 52-week high of 86,159.02, with its 50-day moving average still above the 200-day moving average, indicating a more stable medium-term trend compared to Indian Card Clothing Company Ltd.
Financial Performance and Ratios
The company’s financial health continues to be a concern. Over the past year, Indian Card Clothing Company Ltd has delivered a negative return of -17.13%, underperforming the Sensex’s positive 10.04% gain. The stock’s 52-week high was Rs 384, highlighting the extent of the decline. The company’s Mojo Score stands at 3.0 with a Mojo Grade of Strong Sell, an upgrade from the previous Sell rating on 18 Aug 2025, reflecting deteriorating fundamentals.
Key financial indicators reveal ongoing difficulties. The company reported a net loss after tax (PAT) of Rs -0.61 crore for the quarter ending December 2025, a decline of 144.0% compared to the previous period. The inventory turnover ratio for the half-year is at a low 3.68 times, indicating slower movement of stock. Cash and cash equivalents have dwindled to Rs 11.50 crore, the lowest in recent periods, further constraining liquidity.
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Debt Servicing and Profitability Concerns
Indian Card Clothing Company Ltd’s ability to service its debt remains weak, with an average EBIT to interest ratio of -5.03, signalling that earnings before interest and tax are insufficient to cover interest expenses. This negative ratio underscores the company’s strained financial position. The reported negative return on capital employed (ROCE) further emphasises the lack of profitability and inefficient use of capital resources.
The company’s EBITDA is negative, adding to the risk profile of the stock. Over the past year, profits have declined by 1.6%, compounding the challenges faced by the firm. This financial trajectory has contributed to the stock’s classification as risky relative to its historical valuations.
Long-Term Underperformance Relative to Benchmarks
Indian Card Clothing Company Ltd has consistently underperformed the BSE500 index over the last three annual periods. The cumulative effect of this underperformance is reflected in the stock’s current valuation and investor sentiment. The company’s market capitalisation grade is 4, indicating a mid-tier market cap but not sufficient to offset the fundamental weaknesses.
Promoters remain the majority shareholders, maintaining control over the company’s strategic direction. However, this has not translated into improved financial outcomes or stock performance in recent years.
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Sector and Industry Positioning
Operating within the Garments & Apparels industry, Indian Card Clothing Company Ltd faces sector-specific pressures that have influenced its stock performance. The sector itself has experienced mixed results, with some companies managing to sustain growth while others, including Indian Card Clothing Company Ltd, have struggled to maintain profitability and operational efficiency.
The company’s current market position is reflected in its Mojo Grade of Strong Sell, indicating that the overall assessment of its financial health and market prospects remains unfavourable. This grading takes into account the company’s recent financial results, liquidity constraints, and relative valuation metrics.
Summary of Key Financial Metrics
To summarise, Indian Card Clothing Company Ltd’s key financial metrics as of the latest reporting period include:
- 52-week low price: Rs 209.1 (close to current trading price)
- 52-week high price: Rs 384
- One-year stock return: -17.13%
- Sensex one-year return: +10.04%
- EBIT to interest ratio (average): -5.03
- Negative ROCE
- Negative PAT of Rs -0.61 crore for Q4 December 2025
- Inventory turnover ratio (half-year): 3.68 times
- Cash and cash equivalents (half-year): Rs 11.50 crore
These figures collectively illustrate the challenges faced by the company in maintaining operational and financial stability over the recent period.
Conclusion
Indian Card Clothing Company Ltd’s decline to a 52-week low of Rs 209.1 reflects a continuation of financial difficulties and market pressures. The stock’s performance, combined with weak profitability indicators and liquidity constraints, has resulted in a Strong Sell rating and a Mojo Score of 3.0. While the broader market shows some resilience, the company’s fundamentals remain under strain, as evidenced by its negative returns, deteriorating financial ratios, and consistent underperformance relative to benchmarks.
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