What is Indian Card Clothing Co Financial Strength?
Indian Card Clothing Co has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Indian Card Clothing Co did not have earnings to cover the interest expense.
Indian Card Clothing Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.51.
As of today, Indian Card Clothing Co's Altman Z-Score is 2.64.
Competitive Comparison of Indian Card Clothing Co's Financial Strength
For the Textile Manufacturing subindustry, Indian Card Clothing Co's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indian Card Clothing Co's Financial Strength Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Card Clothing Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where Indian Card Clothing Co's Financial Strength falls into.
Indian Card Clothing Co Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Indian Card Clothing Co's Interest Expense for the
months ended in Mar. 2024 was ₹-6.0 Mil. Its Operating Income for the
months ended in Mar. 2024 was ₹-41.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹242.9 Mil.
Indian Card Clothing Co's Interest Coverage for the quarter that ended in Mar. 2024 is
| Indian Card Clothing Co did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Indian Card Clothing Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Indian Card Clothing Co has a Z-score of 2.64, indicating it is in Grey Zones. This implies that Indian Card Clothing Co is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.64 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Indian Card Clothing Co (BOM:509692) Business Description
Traded in Other Exchanges
Address
Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036
Indian Card Clothing Co Ltd is a manufacturer of card clothing based in India. The company operates through two divisions: Card Clothing and Realty. It generates maximum revenue from the Card Clothing segment. Geographically, it sells its products in India and also exports them to other countries, from which the company derives a majority of its revenue from India. The company's product portfolio comprises Carding Solutions by Product Type which includes Cylinder Wires, Doffer Wires, Lickerin Wires, and Flat Tops. Carding Solutions by Material Type which includes Cotton and Synthetics, Woollen and Others, and Metallic Wires for Non-Woven and Carding solutions by application which includes Card clothing, Card room machinery, and Upgradation products.
Indian Card Clothing Co (BOM:509692) Headlines
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