Indo Count Industries Ltd logo

Indo Count Industries Ltd

ICIL NSE

Key Fundamentals

MicrocapCotton/BlendedTextiles
Market Cap
₹8,264 Cr
Volatility
Moderate
P/E Ratio
57.52
EBITDA
₹462 Cr
Return on Equity
5.38%
Debt to Equity
0.57
Book Value
₹118.92
EPS
₹17.27
52W High
₹463.8
52W Low
₹216.9

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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59 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 17.4%

Weaknesses

3
  • Stock is trading at 3.27 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.

Growth Rate

Revenue Growth
0.47% ↘
Net Income Growth
-49.32% ↘
Cash Flow Change
45.34% ↗
ROE
-50.91% ↘
ROCE
-37.68% ↘
EBITDA Margin (Avg.)
-20.35% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Indo Count Industries is the world's largest bed-linen manufacturer with FY25 consolidated revenue of ₹4,151 Cr (up 16% YoY) but net profit declined 27% YoY to ₹246 Cr. The stock trades at a PE of 62.8x with a market cap of ₹8,023 Cr, reflecting a significant premium to historical earnings growth while profitability metrics have deteriorated in recent quarters.

Bull Case 8
  • Achieved highest-ever consolidated revenue of ₹4,151 Cr in FY25, growing 16% YoY from ₹3,557 Cr
  • World's largest bed-linen manufacturer with installed capacity of 153 million meters per annum, providing scale advantages
  • India's home textile market is projected to grow at 7.08% CAGR from USD 11.18 billion in 2025 to USD 16.76 billion by 2031, providing secular tailwinds
  • Stock has delivered 48% returns in the last 1 year and 23% CAGR over 3 years, reflecting strong market momentum
  • Maintains consistent dividend payout of 17.5% with a current dividend yield of 0.5%
  • Standalone revenue grew 13% YoY from ₹3,332 Cr to ₹3,772 Cr in FY25, showing domestic strength
  • Compounded sales growth of 11% over 3 years and 10% over 5 years demonstrates steady top-line expansion
  • Net debt-to-equity ratio of 0.42x as of March 2025 indicates manageable leverage for a manufacturing company
Bear Case 8
  • Consolidated net profit declined 27% YoY from ₹338 Cr in FY24 to ₹246 Cr in FY25 despite revenue growth
  • TTM profit growth is negative 49%, with 3-year compounded profit declining at -23% CAGR
  • PE ratio of 62.8x is elevated for a textile company that delivered only ₹246 Cr PAT in FY25
  • EBITDA margin compressed from 16.9% in FY24 to 13.8% in FY25 on a consolidated basis (₹573 Cr vs ₹603 Cr)
  • Finance costs nearly doubled from ₹70 Cr in FY24 to ₹123 Cr in FY25, squeezing profitability
  • ROE has declined sharply from a 5-year average of 14% to just 5% in the last year
  • Stock trades at 3.38x book value despite 5-year sales CAGR of only 10.4% and declining margins
  • Q4 FY25 net profit was only ₹24.2 Cr, implying significant sequential weakness in the final quarter

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Headwinds 1
  • Bhilad plant halts due to floods Jul 24

    Indo Count Industries suspended operations at its Bhilad, Gujarat facility on July 23, 2026 due to heavy rainfall and flooding. Assets are insured but operational impact is still being assessed.

TL;DR: Indo Count Industries faces a near-term operational disruption from flooding at its Bhilad plant, though insurance coverage limits financial downside. No positive catalysts are visible in recent news flow. The situation warrants monitoring for production loss estimates and timeline for resumption of operations.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
741
1,009
713
1,093
941
1,036
1,152
1,023
959
1,062
1,063
1,058
1,207
Expenses
616
844
609
928
796
879
1,006
933
848
958
972
971
1,064
Operating Profit
125
165
104
165
145
157
146
90
111
104
91
86
143
OPM %
17%
16%
15%
15%
15%
15%
13%
9%
12%
10%
9%
8%
12%
Other Income
5
25
14
0
9
9
16
6
9
19
11
30
17
Interest
15
18
18
20
21
30
36
36
31
32
30
44
32
Depreciation
19
20
22
22
25
25
32
34
38
39
39
43
45
PBT
97
151
79
124
108
110
95
26
51
52
34
30
84
Tax %
24%
24%
26%
26%
28%
27%
25%
18%
23%
25%
27%
20%
24%
Net Profit
74
114
58
92
78
80
71
21
39
39
24
24
63
EPS in Rs
3.72
5.77
2.93
4.64
3.93
4.06
3.57
1.06
1.97
1.97
1.23
1.22
3.19
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,717
2,063
2,153
1,859
1,934
2,080
2,519
2,842
3,012
3,557
4,151
4,141
4,390
Expenses
1,468
1,646
1,828
1,696
1,778
1,897
2,141
2,403
2,556
2,995
3,613
3,747
3,965
Operating Profit
249
417
325
163
156
183
379
439
455
562
538
394
424
OPM %
14%
20%
15%
9%
8%
9%
15%
15%
15%
16%
13%
10%
10%
Other Income
39
48
103
99
10
-44
32
135
30
41
38
67
78
Interest
65
55
42
35
36
39
28
47
62
70
123
136
136
Depreciation
16
30
33
33
35
43
43
41
65
83
116
159
167
PBT
207
379
353
194
95
57
340
486
359
450
338
166
199
Tax %
30%
34%
34%
36%
37%
-29%
27%
26%
23%
25%
26%
24%
—
Net Profit
146
251
232
125
60
73
249
359
277
338
250
127
151
EPS in Rs
7.38
12.74
11.76
6.39
3.05
3.74
12.7
18.17
13.97
17.06
12.62
6.4
7.61
Div. Payout %
0%
3%
7%
13%
20%
16%
12%
11%
14%
13%
16%
23%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
39
39
39
39
39
39
39
39
40
40
40
40
Reserves
382
591
807
917
935
947
1,245
1,551
1,753
2,049
2,242
2,316
Borrowings
386
409
311
384
337
349
577
1,319
876
956
1,448
1,342
Other Liabilities
435
352
367
359
313
361
433
352
379
524
526
794
Total Liabilities
1,242
1,392
1,524
1,699
1,625
1,696
2,296
3,262
3,048
3,569
4,255
4,491
Fixed Assets
388
484
533
543
574
575
561
631
1,110
1,355
1,895
2,084
CWIP
15
11
12
24
16
6
8
24
183
35
50
5
Investments
0
0
0
0
46
0
167
2
143
133
139
190
Other Assets
839
898
979
1,132
988
1,115
1,560
2,606
1,611
2,046
2,171
2,212
Total Assets
1,242
1,392
1,524
1,699
1,625
1,696
2,296
3,262
3,048
3,569
4,255
4,491
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
236
153
216
42
215
140
-20
-37
755
146
394
573
Investing
-103
-113
-78
-52
-101
16
-189
-258
-474
-98
-485
-217
Financing
-114
-61
-148
17
-106
-40
185
646
-574
-47
105
-349
Net Cash Flow
19
-21
-10
7
8
116
-23
352
-293
1
14
7
Free Cash Flow
151
31
128
-14
155
107
-56
-489
416
11
143
372
CFO/OP
115
57
93
59
162
90
15
24
185
44
92
157
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
27
43
53
56
48
43
75
63
48
46
52
45
Inventory Days
148
159
149
206
188
168
206
288
240
275
229
241
Days Payable
96
67
61
67
51
41
67
45
57
74
46
72
Cash Conversion Cycle
79
136
141
196
185
169
214
307
231
248
235
215
Working Capital Days
15
44
73
106
91
64
89
44
61
74
57
60
ROCE %
39%
47%
36%
18%
10%
15%
23%
22%
15%
18%
14%
8%

Shareholding Pattern

As of Jun 2026
Promoters 58.74%
Public 17.25%
FIIs 10.14%
Others 8.05%
DIIs 5.82%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
58.94%
58.94%
58.94%
58.94%
58.94%
58.94%
58.94%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
58.74%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.74%
10.69%
10.69%
10.35%
10.11%
9.89%
9.99%
9.86%
9.85%
10.14%
DIIs
0.02%
0.05%
0.05%
0.05%
0.05%
0.05%
0.09%
0.02%
0.05%
0.02%
0.05%
0.71%
1.07%
2.16%
3.67%
4.57%
4.96%
5.15%
5.31%
6.03%
5.72%
5.82%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
18.21%
18.43%
18.05%
18.08%
18.71%
19.29%
19.31%
20.14%
20.08%
19.44%
19.11%
18.74%
18.98%
17.85%
16.85%
16.64%
17.00%
17.53%
17.12%
17.22%
17.82%
17.25%
Others
22.82%
22.58%
22.97%
22.93%
22.30%
21.72%
21.66%
21.10%
21.13%
21.79%
22.09%
21.80%
10.47%
10.55%
10.04%
9.69%
9.19%
8.69%
8.84%
8.15%
7.86%
8.05%
No. of Shareholders
0
35,951
45,041
51,696
56,861
61,848
64,988
65,105
67,263
61,537
61,813
67,626
73,384
69,110
77,053
74,189
73,380
77,264
78,854
76,462
77,258
75,948

Documents

Frequently Asked Questions about Indo Count Industries Ltd

What does Indo Count Industries Ltd do?
Indo Count Industries Limited (ICIL) is engaged in the home textiles & bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts. [1] It is the largest global bed linen player.
Where is Indo Count Industries Ltd (ICIL) listed?
Indo Count Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: ICIL and BSE: 521016. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indo Count Industries Ltd belong to?
Indo Count Industries Ltd operates in the Textiles sector within the Cotton/Blended industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Indo Count Industries Ltd?
Indo Count Industries Ltd has a market capitalisation of approximately ₹8263.82 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Indo Count Industries Ltd?
The Price-to-Earnings (PE) ratio of Indo Count Industries Ltd is 57.52. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Indo Count Industries Ltd?
Over the past 52 weeks, Indo Count Industries Ltd has traded between a low of ₹216.9 and a high of ₹463.8. This range helps investors understand the stock's price volatility and recent trading levels.
Does Indo Count Industries Ltd pay dividends?
Yes, Indo Count Industries Ltd has a dividend yield of 0.39%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Indo Count Industries Ltd?
Indo Count Industries Ltd has a Return on Equity (ROE) of 5.38%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indo Count Industries Ltd on Tapetide?
On Tapetide, you can view Indo Count Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Indo Count Industries Limited (ICIL) is engaged in the home textiles & bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts. [1] It is the largest global bed linen player.

Website indocount.com
CEO Mr. Anil Kumar Jain B.Com
Employees 3,637
Listed 2005-09-12
Face Value ₹ 2
Issued Size 19,80,54,340

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