ICCI ICC Industries Limited

ICC Industries Limited (ICCI) financial ratios

ICC Industries Limited earned a net margin of 14.8% in FY2026 against a five-year average of -8.7% (Textile Weaving median 0.8%). Return on equity was 1.1%, compared with a sector median of 0.7%. The current ratio stood at 0.15× and debt was — of equity. Cash took about -1,053 days to cycle through receivables, inventory and payables.

FY2026 vs the Textile Weaving median

Gross margin: 46.8%; Sector median 9.3%
Net margin: 14.8%; Sector median 0.8%
Return on equity (ROE): 1.1%; Sector median 0.7%
Return on assets (ROA): 0.8%; Sector median 0.4%
Current ratio: 0.15×; Sector median 1.18×
Asset turnover: 0.05×; Sector median 0.76×

Median of the 6 companies in the sector with the figure for their latest fiscal year.

ICCI financial ratios (annual) (Rs mn)
Rs mn	FY2026 * Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 * Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016
Profitability
Gross margin	46.8%	59.5%	61.6%	64.8%	72.2%	8.0%	62.3%	49.7%	17.5%	100.0%	(29.6%)
EBITDA margin	—	(16.9%)	(7.1%)	(7.7%)	1.3%	(262.2%)	(41.5%)	(69.8%)	(95.1%)	94.0%	(39.6%)
Operating margin	—	(20.1%)	(10.2%)	(9.4%)	(0.5%)	(268.8%)	(46.0%)	(79.2%)	(155.2%)	94.0%	(48.7%)
Pre-tax margin	23.6%	(11.9%)	(0.9%)	10.1%	29.9%	(362.6%)	12.8%	67.4%	109.2%	894.2%	(49.1%)
Net margin	14.8%	(33.0%)	(22.0%)	(11.5%)	8.4%	(389.8%)	(4.6%)	47.9%	90.0%	871.3%	(47.6%)
Effective tax rate	35.8%	—	—	213.5%	71.9%	—	136.0%	29.0%	17.6%	2.6%	—
Returns
Return on equity (ROE)	1.1%	(1.8%)	(1.3%)	(0.8%)	1.1%	(30.9%)	(1.1%)	8.2%	11.1%	140.6%	—
Return on assets (ROA)	0.8%	(1.3%)	(0.9%)	(0.4%)	0.3%	(3.7%)	(0.2%)	1.1%	1.5%	9.2%	—
Return on invested capital (ROIC)	—	—	—	(1.1%)	1.1%	—	(4.1%)	7.0%	8.1%	4.0%	—
Liquidity
Current ratio	0.15×	0.05×	0.08×	0.08×	0.09×	0.14×	0.16×	0.22×	0.35×	0.28×	0.21×
Quick ratio	0.15×	0.05×	0.07×	0.07×	0.08×	0.12×	0.14×	0.17×	0.25×	0.20×	0.13×
Leverage
Debt to equity	—	—	0.0%	0.5%	56.4%	566.7%	399.2%	429.2%	440.7%	491.9%	8,729.5%
Debt to capital	—	—	0.0%	0.5%	36.1%	85.0%	80.0%	81.1%	81.5%	83.1%	98.9%
Debt to assets	—	—	0.0%	0.3%	24.3%	57.2%	56.4%	59.7%	62.8%	60.8%	63.3%
Assets to equity	1.37×	1.36×	1.39×	1.74×	3.68×	8.29×	7.13×	7.11×	7.52×	15.21×	—
Efficiency
Asset turnover	0.05×	0.04×	0.04×	0.04×	0.04×	0.01×	0.03×	0.02×	0.02×	0.01×	—
Receivable days days	107	115	136	165	203	1,041	393	591	940	1,506	—
Inventory days days	6	9	22	72	144	173	230	437	483	—	—
Payable days days	1,163	2,049	1,954	2,466	3,542	3,864	2,840	3,072	2,855	—	—
Cash conversion cycle days	(1,053)	(1,931)	(1,801)	(2,237)	(3,205)	(2,660)	(2,225)	(2,053)	(1,439)	1,506	—
Dividends
Dividend payout ratio	—	—	—	—	0.0%	—	—	0.0%	0.0%	0.0%	—
Earnings retention rate	—	—	—	—	1.00×	—	—	1.00×	1.00×	1.00×	—

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

ICCI: frequently asked questions

What is ICCI's EPS?

ICC Industries Limited reported basic earnings per share of Rs 0.32 for FY2026 (Jul 2025 – Jun 2026).

What is ICCI's P/E ratio?

At the closing price of Rs 15.48 on 16 Oct 2026, ICCI trades at a P/E of 48.4× based on EPS of Rs 0.32 (FY2026).

Information only, not investment advice.