Business Details
The Indian Card Clothing Co. Ltd was established as part of joint venture between Carclo Engineering Group and English Card Clothing. It serves the Textile industry.
It has Pan India presence with offices in major cities of India. The Company has long history of Sixty years. Below are list of carding solutions with application
- Card clothing
- Card room machinery
- Upgradation products
Below are list of carding solutions with respect to material types
- Cotton and Synthetics
- Woollen and Others
- Metallic wires for non woven
Below are list of carding solutions by product type
- Cylinder wires
- Doffer wires
- Lickerin wires
- Flat tops
The carding solutions help with end product of better yarn quality. So it is very important for textile industry.
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Stock Performance
If you look at above long term performance chart then Company has not performed well for investors. It does pay very good dividend of more than 2%. But lack of good price action nullifies this dividend yield as investors are in net total loss.
It has fluctuating performance over the years with prices ranging between 50 and 150 marks.
My Opinion
Indian Cards Company is a veteran in Textile machinery (wires and cards) company. Textile industry is an evergreen industry with demand of textile products will always be present.
The industry is sustainable and will remain in play forever. This is a big positive for Textile industry. It has significant home market as well. So industry which is catered by Indian cards will be present.
But these are livelong products so resale chances are less. New products are sold only if there is new setup or any company wants to replace their existing things.
These type of Companies have stable price performance or revenue stream and are generally decent dividend payer. But they are not long term investment bets. I have already invested in textiles sector.