Indian Card Clothing Co (BOM:509692) Cash Conversion Cycle: 232.60 (As of Mar. 2026)


BOM:509692 Indian Card Clothing Co Ltd BOM:509692
66 GF Score
Price ₹235.55
GF Value ₹236.10
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Indian Card Clothing Co Cash Conversion Cycle?

Indian Card Clothing Co BOM:509692 -1.11% 66 Cash Conversion Cycle is 232.60 as of Mar. 2026. GuruFocus rates BOM:509692 with a GF Score™ of 66/100 and a GF Value™ of ₹236.10 (Fairly Valued). The stock has 5 warning signs investors should review.

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Indian Card Clothing Co's Days Sales Outstanding for the three months ended in Mar. 2026 was 88.05.
Indian Card Clothing Co's Days Inventory for the three months ended in Mar. 2026 was 346.4.
Indian Card Clothing Co's Days Payable for the three months ended in Mar. 2026 was 201.85.
Therefore, Indian Card Clothing Co's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 232.60.


Indian Card Clothing Co  (BOM:509692) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Indian Card Clothing Co Cash Conversion Cycle Related Terms


Indian Card Clothing Co Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Indian Card Clothing Co's Cash Conversion Cycle can be seen below:

* 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 Cash Conversion Cycle Chart

Indian Card Clothing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 122.93 125.88 111.34 62.63 158.89

Indian Card Clothing Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.50 64.19 92.03 94.30 232.60

Indian Card Clothing Co Cash Conversion Cycle Competitor Comparison

For the Textile Manufacturing subindustry, Indian Card Clothing Co's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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 Cash Conversion Cycle vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indian Card Clothing Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Indian Card Clothing Co's Cash Conversion Cycle falls into.


BOM:509692
66GF Score
Indian Card Clothing Co Ltd BOM:509692
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Card Clothing Co Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Indian Card Clothing Co's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=84.77+357.22-283.1
=158.89

Indian Card Clothing Co's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=88.05+346.4-201.85
=232.60

* 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.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 232.60 mean?
Indian Card Clothing Co (BOM:509692) has a Cash Conversion Cycle of 232.60 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Indian Card Clothing Co and its competitors.
Is Indian Card Clothing Co's Cash Conversion Cycle too high?
Indian Card Clothing Co's current Cash Conversion Cycle is 232.60. The Manufacturing - Apparel & Accessories industry median Cash Conversion Cycle is 124.49. Indian Card Clothing Co's value of 232.60 is 86.8% above this industry median. Overall, Indian Card Clothing Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Card Clothing Co's Cash Conversion Cycle compare to competitors?
Indian Card Clothing Co's Cash Conversion Cycle of 232.60 can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median Cash Conversion Cycle is 124.49. Indian Card Clothing Co's value of 232.60 is 86.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Manufacturing - Apparel & Accessories company?
The median Cash Conversion Cycle among Manufacturing - Apparel & Accessories companies is 124.49, based on 1,036 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Card Clothing Co's current Cash Conversion Cycle of 232.60 is 86.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Indian Card Clothing Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cash Conversion Cycle is 124.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Card Clothing Co's current Cash Conversion Cycle is 232.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Card Clothing Co stock overvalued right now?
Based on GuruFocus' analysis, Indian Card Clothing Co (BOM:509692) is currently considered Fairly Valued. The stock's GF Value™ is ₹236.10, compared to a current price of ₹235.55 — trading 0.2% below its estimated fair value. The current Cash Conversion Cycle is 232.60 and 86.8% above the Manufacturing - Apparel & Accessories industry median of 124.49. Indian Card Clothing Co's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Indian Card Clothing Co (BOM:509692), the current Cash Conversion Cycle is 232.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indian Card Clothing Co (BOM:509692) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Card Clothing Co stock appears to be undervalued. The current stock price of ₹235.55 is trading 0.2% below its estimated GF Value™ of ₹236.10. GuruFocus considers Indian Card Clothing Co to be Fairly Valued.

Key valuation signals for BOM:509692:

  • Cash Conversion Cycle: 232.60
  • GF Value™: ₹236.10 vs. price of ₹235.55 (0.2% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 86.8% above the Manufacturing - Apparel & Accessories median

No single metric tells the full story. See the BOM:509692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Card Clothing Co Business Description

Other Exchanges INDIANCARD:India
Address Koregaon Park Annexe, 14th Floor, B Wing, AP-81, Mundhwa, Pune, MH, IND, 411036
Indian Card Clothing Co Ltd (ICC) is a precision engineering company specializing in the manufacturing and supply of card clothing products and carding solutions for the textile industry. ICC has developed card clothing products such as cylinder wires, doffer wires, lickerin wires, and flat tops used in cotton carding and non-woven textile processes. The company operates manufacturing facilities in Pune, Maharashtra, and Nalagarh, Himachal Pradesh, catering to domestic and international markets. It generates revenue through sales of card clothing sets and related accessories to textile producers. ICC focuses on technology-driven product innovation to meet evolving industry requirements.
66GF Score

Get the complete analysis for BOM:509692

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹235.55
Price
₹236.10
GF Value