Indo Count Industries Limited (IN:ICIL)
:ICIL
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Indo Count Industries Limited
(ICIL)
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Rating:62Neutral
Price Target:
₹431.00
▲(44.41% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by stable but weakening fundamentals (profitability/ROE deterioration despite better 2026 cash flow), supported by strong technical uptrend signals. High valuation (elevated P/E and low yield) meaningfully caps the overall score.
Positive Factors
Export-focused business model
An export-focused manufacturing model serving international retailers creates durable demand channels and repeat order potential. Supplying global brands and offering value‑added services supports consistent contract flows, scale advantages and access to diversified end markets over time.
Negative Factors
Deteriorating profitability
A sharp fall in net margin to ~3.1% undermines earnings power and long‑term return generation. Reduced profitability limits retained earnings for reinvestment, weakens ROE and forces reliance on either sustained cost restructuring or improved pricing to restore historical profitability levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Export-focused business model
An export-focused manufacturing model serving international retailers creates durable demand channels and repeat order potential. Supplying global brands and offering value‑added services supports consistent contract flows, scale advantages and access to diversified end markets over time.
Read all positive factors
Indo Count Industries Limited (ICIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹80.48B
Dividend Yield0.74%
Average Volume (3M)43.91K
Price to Earnings (P/E)63.7
Beta (1Y)1.74
Revenue Growth-0.24%
EPS Growth-48.94%
CountryIN
Employees3,626
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)8.26
Shares Outstanding198,054,340
10 Day Avg. Volume15,379
30 Day Avg. Volume43,915
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)2.10
Price to Sales (P/S)1.19
P/FCF Ratio19.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)16.31
Revenue Forecast (FY)₹50.11B
Indo Count Industries Limited Business Overview & Revenue Model
Company Description
Indo Count Industries Limited, established in 1988 with its headquarters in Mumbai, India, specializes in the manufacturing and distribution of home textile products. The company's extensive product line primarily focuses on bedding essentials, of...
How the Company Makes Money
ICIL primarily makes money by manufacturing and selling home textile products, with revenues largely driven by exports of bed linen and related bedding items to overseas customers (typically large retailers, brands, and other bulk buyers). Its cor...
Indo Count Industries Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
66
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.95B | 41.41B | 41.51B | 32.71B | 27.82B | 28.42B |
| Gross Profit | 20.38B | 15.74B | 17.53B | 15.01B | 5.23B | 14.82B |
| EBITDA | 4.95B | 3.92B | 5.73B | 5.98B | 4.77B | 5.74B |
| Net Income | 1.63B | 1.27B | 2.46B | 3.38B | 2.77B | 3.59B |
Balance Sheet | ||||||
| Total Assets | 42.45B | 44.92B | 42.60B | 35.69B | 30.48B | 32.64B |
| Cash, Cash Equivalents and Short-Term Investments | 2.86B | 3.14B | 2.52B | 2.28B | 2.37B | 4.02B |
| Total Debt | 12.43B | 13.42B | 14.49B | 9.56B | 8.76B | 13.19B |
| Total Liabilities | 19.36B | 21.37B | 19.82B | 14.80B | 12.55B | 16.71B |
| Stockholders Equity | 23.08B | 23.55B | 22.78B | 20.89B | 17.93B | 15.87B |
Cash Flow | ||||||
| Free Cash Flow | 2.52B | 2.48B | 343.91M | 107.27M | 4.13B | -4.89B |
| Operating Cash Flow | 3.61B | 4.50B | 2.86B | 1.46B | 7.55B | -371.23M |
| Investing Cash Flow | -973.30M | -2.34B | -4.97B | -975.46M | -4.74B | -2.58B |
| Financing Cash Flow | -3.08B | -2.09B | 2.25B | -473.51M | -5.74B | 6.46B |
Indo Count Industries Limited Technical Analysis
Positive
298.45
Price Trends
301.64
Positive
282.25
Positive
280.05
Positive
Market Momentum
20.75
Negative
71.67
Negative
81.25
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICIL, the sentiment is Positive. The current price of 298.45 is below the 20-day moving average (MA) of 336.08, below the 50-day MA of 301.64, and above the 200-day MA of 280.05, indicating a bullish trend. The MACD of 20.75 indicates Negative momentum. The RSI at 71.67 is Negative, neither overbought nor oversold. The STOCH value of 81.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ICIL.
Indo Count Industries Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹133.91B | 32.30 | ― | 1.18% | 11.70% | 17.01% | |
64 Neutral | ₹80.55B | 28.97 | ― | 0.77% | 11.50% | 9.69% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹80.48B | 63.66 | ― | 0.74% | -0.24% | -48.94% | |
61 Neutral | ₹57.59B | 57.35 | ― | ― | 3.19% | -38.40% | |
56 Neutral | ₹27.18B | 32.90 | ― | 0.45% | 13.22% | 159.76% | |
42 Neutral | ₹32.16B | 533.90 | ― | 0.27% | -32.14% | -95.80% |
* Consumer Defensive Sector Average
IN:ICIL
Indo Count Industries Limited
394.35
124.83
46.32%
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-5.83%
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-36.02%
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109.56
25.41%
Indo Count Industries Limited Corporate Events
Indo Count Delays Commissioning Timeline for Kolhapur Spinning Capacity Expansion
Jun 1, 2026
Indo Count Industries Limited has issued a corrigendum concerning its previously announced capacity addition at its spinning facility in Alte, Kolhapur, Maharashtra. The company clarified that the project is now expected to become operational by t...
Indo Count Clears FY26 Results and Proposes 75% Final Dividend
May 30, 2026
Indo Count Industries Limited’s board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, supported by an unmodified opinion from its statutory auditors. These approvals reinfo...
Indo Count Schedules Investor Call to Discuss Q4 and FY26 Results
May 25, 2026
Indo Count Industries Limited has announced that it will hold an investors’ conference call to discuss its financial and operational performance for the quarter and full year ended 31 March 2026. The earnings call is scheduled for Monday, 1 ...
Indo Count Confirms SEBI Demat Compliance for March 2026 Quarter
Apr 14, 2026
Indo Count Industries Limited has notified the stock exchanges that it has obtained a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The certificate,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.