Indian Card Clothing Co (BOM:509692) ROE %: -3.94% (As of Mar. 2026)


BOM:509692 Indian Card Clothing Co Ltd BOM:509692
60 GF Score
Price ₹227.75
GF Value ₹236.91
Valuation Fairly Valued
! 4 Warning Signs
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What is Indian Card Clothing Co ROE %?

Indian Card Clothing Co BOM:509692 60 ROE % is -3.94% as of Mar. 2026. GuruFocus rates BOM:509692 with a GF Score™ of 60/100 and a GF Value™ of ₹236.91 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,022 Manufacturing - Apparel & Accessories companies, Indian Card Clothing Co ranks worse than 65.36% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Indian Card Clothing Co's annualized net income for the quarter that ended in Mar. 2026 was ₹-135.3 Mil. Indian Card Clothing Co's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹3,429.8 Mil. Therefore, Indian Card Clothing Co's annualized ROE % for the quarter that ended in Mar. 2026 was -3.94%.

The historical rank and industry rank for Indian Card Clothing Co's ROE % or its related term are showing as below:

BOM:509692' s ROE % Range Over the Past 10 Years
Min: -27.7   Med: 1.28   Max: 114.34
Current: 1.09

During the past 13 years, Indian Card Clothing Co's highest ROE % was 114.34%. The lowest was -27.70%. And the median was 1.28%.

BOM:509692's ROE % is ranked worse than
65.36% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.085 vs BOM:509692: 1.09

Indian Card Clothing Co  (BOM:509692) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-135.26/3429.77
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-135.26 / 449.416)*(449.416 / 3665.555)*(3665.555 / 3429.77)
=Net Margin %*Asset Turnover*Equity Multiplier
=-30.1 %*0.1226*1.0687
=ROA %*Equity Multiplier
=-3.69 %*1.0687
=-3.94 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-135.26/3429.77
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-135.26 / -154.18) * (-154.18 / -205.736) * (-205.736 / 449.416) * (449.416 / 3665.555) * (3665.555 / 3429.77)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8773 * 0.7494 * -45.78 % * 0.1226 * 1.0687
=-3.94 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Indian Card Clothing Co ROE % Related Terms


Indian Card Clothing Co ROE % Historical Data

* Premium members only.

The historical data trend for Indian Card Clothing Co's ROE % 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 ROE % Chart

Indian Card Clothing Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 114.34 1.46 3.29 31.43 1.09

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
ROE % 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 20.67 2.71 6.24 -0.70 -3.94

Indian Card Clothing Co ROE % Competitor Comparison

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

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

* The bar in red indicates where Indian Card Clothing Co's ROE % falls into.


BOM:509692
60GF Score
Indian Card Clothing Co Ltd BOM:509692
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Card Clothing Co ROE % Calculation

Indian Card Clothing Co's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=37.197/( (3382.547+3429.77)/ 2 )
=37.197/3406.1585
=1.09 %

Indian Card Clothing Co's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-135.26/( (0+3429.77)/ 1 )
=-135.26/3429.77
=-3.94 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -3.94% mean?
Indian Card Clothing Co (BOM:509692) has a ROE % of -3.94% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Indian Card Clothing Co and its competitors. According to the industry distribution chart, Indian Card Clothing Co ranks #668 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 65.4%.
Is Indian Card Clothing Co's ROE % too high?
Indian Card Clothing Co's current ROE % is -3.94%. Based on the distribution chart, Indian Card Clothing Co ranks #668 out of 1022 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Indian Card Clothing Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Card Clothing Co's ROE % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indian Card Clothing Co ranks #668 out of 1022 companies for ROE %. This places Indian Card Clothing Co in the lower half of its industry. The industry median ROE % is 4.09. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.09, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Indian Card Clothing Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Card Clothing Co's current ROE % is -3.94%. 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 ₹236.91, compared to a current price of ₹227.75 — trading 3.9% below its estimated fair value. The current ROE % is -3.94%. Indian Card Clothing Co's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Indian Card Clothing Co (BOM:509692), the current ROE % is -3.94% 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 ₹227.75 is trading 3.9% below its estimated GF Value™ of ₹236.91. GuruFocus considers Indian Card Clothing Co to be Fairly Valued.

Key valuation signals for BOM:509692:

  • ROE %: -3.94%
  • GF Value™: ₹236.91 vs. price of ₹227.75 (3.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs

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.
60GF Score

Get the complete analysis for BOM:509692

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

₹227.75
Price
₹236.91
GF Value