Indo Count Industries Limited (IN:ICIL)
:ICIL
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Indo Count Industries Limited
(ICIL)
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Rating:57Neutral
Price Target:
₹285.00
▼(-4.51% Downside)
Action:ReiteratedDate:03/24/26
The score is supported primarily by solid financial performance, led by strong revenue and cash flow growth and a stable equity base. It is held back by weak technicals (broad downtrend with negative MACD despite oversold readings) and an expensive valuation (high P/E with a low dividend yield).
Positive Factors
Cash generation
A 220.6% free cash flow growth rate indicates materially improved cash generation, strengthening the company’s ability to fund capex, service debt, and support working capital without relying on external financing. This durability supports resilience over multiple quarters.
Negative Factors
Low net profitability
A 5.9% net margin limits the company’s ability to convert revenue into lasting shareholder returns and build reserves. Over the medium term this constrains reinvestment, dividend capacity, and makes the firm more sensitive to cost or pricing pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
A 220.6% free cash flow growth rate indicates materially improved cash generation, strengthening the company’s ability to fund capex, service debt, and support working capital without relying on external financing. This durability supports resilience over multiple quarters.
Read all positive factors
Indo Count Industries Limited (ICIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹53.28B
Dividend Yield0.74%
Average Volume (3M)43.91K
Price to Earnings (P/E)57.2
Beta (1Y)1.77
Revenue Growth-2.74%
EPS Growth-65.58%
CountryIN
Employees3,626
SectorConsumer Defensive
Sector Strength42
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.20
Shares Outstanding198,054,340
10 Day Avg. Volume15,379
30 Day Avg. Volume43,915
Financial Highlights & Ratios
PEG Ratio-0.79
Price to Book (P/B)2.33
Price to Sales (P/S)1.28
P/FCF Ratio154.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹400.00Price Target Upside34.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)17.73
Revenue Forecast (FY)₹48.71B
Indo Count Industries Limited Business Overview & Revenue Model
Company Description
Indo Count Industries Limited manufactures and sells home textile products in India. The company offers bed sheets; fashion bedding products, such as matching and complementary sheets, comforters, duvet covers, quilts, pillows, shams, and skirts; ...
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
75
Positive
Balance Sheet
65
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.95B | 41.51B | 32.71B | 27.82B | 28.42B | 23.49B |
| Gross Profit | 20.38B | 17.53B | 15.01B | 5.23B | 14.82B | 8.95B |
| EBITDA | 4.95B | 5.73B | 5.98B | 4.77B | 5.74B | 4.02B |
| Net Income | 1.63B | 2.46B | 3.38B | 2.77B | 3.59B | 2.51B |
Balance Sheet | ||||||
| Total Assets | 42.45B | 42.60B | 35.69B | 30.48B | 32.64B | 22.96B |
| Cash, Cash Equivalents and Short-Term Investments | 2.86B | 2.52B | 2.28B | 2.37B | 4.02B | 2.90B |
| Total Debt | 12.43B | 14.49B | 9.56B | 8.76B | 13.19B | 5.77B |
| Total Liabilities | 19.36B | 19.82B | 14.80B | 12.55B | 16.71B | 10.05B |
| Stockholders Equity | 23.08B | 22.78B | 20.89B | 17.93B | 15.87B | 12.85B |
Cash Flow | ||||||
| Free Cash Flow | 2.52B | 343.91M | 107.27M | 4.13B | -4.89B | -555.39M |
| Operating Cash Flow | 3.61B | 2.86B | 1.46B | 7.55B | -371.23M | -197.02M |
| Investing Cash Flow | -973.30M | -4.97B | -975.46M | -4.74B | -2.58B | -1.89B |
| Financing Cash Flow | -3.08B | 2.25B | -473.51M | -5.74B | 6.46B | 1.85B |
Indo Count Industries Limited Technical Analysis
Positive
298.45
Price Trends
266.27
Positive
271.39
Positive
272.67
Positive
Market Momentum
1.62
Negative
61.46
Neutral
93.75
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 above the 20-day moving average (MA) of 248.01, above the 50-day MA of 266.27, and above the 200-day MA of 272.67, indicating a bullish trend. The MACD of 1.62 indicates Negative momentum. The RSI at 61.46 is Neutral, neither overbought nor oversold. The STOCH value of 93.75 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹102.49B | 21.31 | ― | 1.18% | 9.63% | 34.28% | |
66 Neutral | ₹72.59B | 34.81 | ― | 0.77% | 18.91% | 9.96% | |
64 Neutral | ₹53.06B | 92.98 | ― | ― | 7.45% | -25.89% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹33.04B | -96.49 | ― | 0.27% | -6.40% | -65.87% | |
57 Neutral | ₹53.28B | 57.24 | ― | 0.74% | -2.74% | -65.58% | |
56 Neutral | ₹26.55B | 26.00 | ― | 0.45% | 13.22% | 159.73% |
* Consumer Defensive Sector Average
IN:ICIL
Indo Count Industries Limited
270.55
-31.88
-10.54%
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Indo Count Industries Limited Corporate Events
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,...
Indo Count Schedules Virtual Investor Summit Participation for March 11, 2026
Mar 5, 2026
Indo Count Industries Limited has notified the stock exchanges that its officials will participate in an institutional investor and analyst meeting at the Bharat Connect Conference in March 2026, organised by Arihant Capital Market. The virtual in...
Indo Count Schedules Q3 and Nine-Month FY26 Earnings Call With Investors
Feb 11, 2026
Indo Count Industries Limited has scheduled an investors’ conference call to discuss its financial and operational performance for the quarter and nine months ended 31 December 2025. The earnings call is set for Monday, 16 February 2026 at 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.