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Indo Count Industries Limited
(ICIL)
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Rating:61Neutral
Price Target:
₹462.00
▲(14.47% Upside)
Action:Reiterated
Date:08/19/26
The score is driven primarily by weakening financial performance (notably margin and ROE compression) partially offset by a strong technical uptrend (price above key moving averages with supportive momentum). Valuation is a meaningful drag due to the elevated P/E and low dividend yield.
Positive Factors
Long-Term Revenue Growth
The multi-year revenue expansion indicates that ICIL has continued to build sales scale in home textiles. Although the latest year softened, the prior growth record supports an established customer base and underlying demand for its products.
Negative Factors
Severe Margin Compression
The sustained decline in net margin materially reduces earnings power from each unit of sales. Unless profitability recovers, ICIL may have less capacity to absorb input-cost pressure, pricing competition and operating volatility in global home textiles.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-Term Revenue Growth
The multi-year revenue expansion indicates that ICIL has continued to build sales scale in home textiles. Although the latest year softened, the prior growth record supports an established customer base and underlying demand for its products.
Read all positive factors
Indo Count Industries Limited (ICIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹86.64B
Dividend Yield0.34%
Average Volume (3M)43.91K
Price to Earnings (P/E)58.2
Beta (1Y)1.67
Revenue Growth5.30%
EPS Growth-26.76%
CountryIN
Employees3,626
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)7.62
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)15.65
Revenue Forecast (FY)₹51.02B
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 revenue largely driven by the sale of bedding (such as bed sheets and related bed linen) to customers in India and overseas. Its revenue model is product-based: it...
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 | 43.90B | 41.41B | 41.51B | 32.71B | 27.82B | 28.42B |
| Gross Profit | 18.41B | 15.74B | 17.53B | 15.01B | 5.23B | 14.82B |
| EBITDA | 4.83B | 4.61B | 5.73B | 5.98B | 4.77B | 5.74B |
| Net Income | 1.51B | 1.27B | 2.46B | 3.38B | 2.77B | 3.59B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 44.92B | 42.60B | 35.69B | 30.48B | 32.64B |
| Cash, Cash Equivalents and Short-Term Investments | 3.04B | 3.14B | 2.52B | 2.28B | 2.37B | 4.02B |
| Total Debt | 0.00 | 13.42B | 14.49B | 9.56B | 8.76B | 13.19B |
| Total Liabilities | -23.55B | 21.37B | 19.82B | 14.80B | 12.55B | 16.71B |
| Stockholders Equity | 23.55B | 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
403.60
Price Trends
401.56
Positive
342.80
Positive
309.37
Positive
Market Momentum
5.59
Negative
64.43
Neutral
58.88
Neutral
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 403.6 is below the 20-day moving average (MA) of 409.55, above the 50-day MA of 401.56, and above the 200-day MA of 309.37, indicating a bullish trend. The MACD of 5.59 indicates Negative momentum. The RSI at 64.43 is Neutral, neither overbought nor oversold. The STOCH value of 58.88 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₹143.38B | 32.67 | ― | 1.18% | 15.21% | 12.63% | |
61 Neutral | ₹86.64B | 58.24 | ― | 0.50% | 5.30% | -26.76% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹124.90B | 31.40 | ― | 1.99% | -2.45% | -10.11% | |
45 Neutral | ₹23.74B | 114.67 | ― | 0.99% | -2.55% | -95.87% | |
45 Neutral | ₹8.95B | 15.64 | ― | 0.21% | -8.16% | -22.66% | |
45 Neutral | ₹41.60B | 89.31 | ― | ― | -25.55% | -99.34% |
* General Sector Average
IN:ICIL
Indo Count Industries Limited
444.15
194.84
78.15%
IN:ARVIND
Arvind Limited
518.15
216.15
71.57%
IN:BOMDYEING
Bombay Dyeing & Manufacturing Co. Ltd.
111.95
-61.37
-35.41%
IN:HIMATSEIDE
Himatsingka Seide Limited.
69.64
-59.91
-46.24%
IN:RAYMOND
Raymond Limited
630.95
-2.80
-0.44%
IN:TRIDENT
Trident Limited
24.59
-3.47
-12.36%
Indo Count Industries Limited Corporate Events
Indo Count Says Share Price Surge Is Market Driven, No Undisclosed Events
Jun 26, 2026
Indo Count Industries has responded to queries from BSE and NSE regarding a significant movement in its share price, stating that the fluctuation is entirely market driven. The company clarified that there is no pending or unpublished price-sensit...
Indo Count Finance Head Bijay Agarwal Resigns, Effective September 2026
Jun 24, 2026
Indo Count Industries Limited has announced that its Head of Accounts Finance and designated Senior Management Personnel, Bijay Agarwal, has resigned from his position due to personal reasons. He will continue to serve during his notice period an...
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 ...
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.