Indo Count Industries Limited (ICIL) AI Stock Analysis

• Market Cap: ₹55.74B
• Dividend Yield: 0.62%
• Average Volume (3M): 43.91K
• Price to Earnings (P/E): 27.1
• Beta (1Y): 1.55
• Revenue Growth: 10.86%
• EPS Growth: -47.15%
• Country: IN
• Employees: 3,626
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 2.00
• Shares Outstanding: 198,054,340
• 10 Day Avg. Volume: 15,379
• 30 Day Avg. Volume: 43,915
• PEG Ratio: -0.79
• Price to Book (P/B): 2.33
• Price to Sales (P/S): 1.28
• P/FCF Ratio: 154.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹343.00 ▲(9.46% Upside)

Indo Count Industries Limited shows strong financial performance with robust revenue and cash flow growth, though operating margins are under pressure. Technical indicators suggest positive momentum, but valuation metrics indicate the stock may be overvalued. The absence of earnings call data and corporate events limits further insights.

Positive Factors

Revenue Growth

The company's strong revenue growth rate indicates effective market penetration and product demand, supporting long-term business expansion.

Cash Flow Generation

Robust cash flow growth enhances financial flexibility, enabling strategic investments and debt management, bolstering long-term stability.

Global Market Presence

A strong global presence diversifies revenue streams and reduces dependency on any single market, enhancing resilience against regional downturns.

Negative Factors

Operating Margin Pressure

Sustained margin pressure can erode profitability, limiting the company's ability to reinvest in growth and maintain competitive pricing.

Financial Leverage Risk

Moderate financial leverage increases risk, potentially impacting the company's ability to navigate economic downturns or invest in growth opportunities.

Declining EPS Growth

A significant decline in EPS growth reflects challenges in profitability and shareholder returns, potentially affecting investor confidence and stock performance.

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; utility bedding products; institutional bedding products, which include matching sheets, comforters, duvet covers, quilts, pillows, shams, euro-shams, and skirts; and bedding products, such as flat sheets, printed bed sheets, fitted sheets, and bed skirt/valance. It operates showrooms in the United Kingdom and the United States. The company sells its products under the Boutique Living, Haven, Revival, Pure Collection, Linen Closet, Simply-put, Whole Comfort, Purity Home, The Cotton Exchange, Color sense, Kids Corner, True Grip, Heirlooms of India, Atlas, Wholistic, SleepRx, and Layers brands through multi brand outlets, large format stores, and e-commerce platform. It exports its products to approximately 54 countries. The company was incorporated in 1988 and is headquartered in Mumbai, India.

How the Company Makes Money

Indo Count Industries Limited generates revenue through multiple streams, primarily by manufacturing and selling a diverse range of textile products. The company’s core revenue comes from its home textiles segment, where it supplies bed linens and other related products to major retailers and brands worldwide. Additionally, ICIL benefits from its strategic partnerships with leading global brands and retailers, which help expand its market reach and drive sales volume. The company also engages in fabric manufacturing for apparel and other sectors, contributing to its overall earnings. By leveraging economies of scale and efficient production processes, Indo Count Industries optimizes its profitability while meeting the growing demand in both domestic and international markets.

Indo Count Industries Limited Financial Statement Overview

Summary

Indo Count Industries Limited demonstrates robust growth and profitability with a strong revenue growth rate and cash flow improvements. However, there is pressure on operating margins and moderate financial leverage risks.

Income Statement

Indo Count Industries Limited shows a steady revenue growth trajectory with a Revenue Growth Rate of 26.9% in the latest year. The Gross Profit Margin stands at 42.2%, indicating strong production efficiency, though it slightly decreased from the previous year. The Net Profit Margin is at 5.9%, reflecting moderate profitability. EBIT and EBITDA Margins are 10.1% and 13.8%, respectively, showing robust operational efficiency. However, the declining EBIT margin over the years indicates pressure on operating profits.

Balance Sheet

The company's financial leverage is noticeable, with a Debt-to-Equity Ratio of 0.64, signaling moderate financial risk due to debt levels. Return on Equity stands at 10.8%, which is healthy but slightly declining, reflecting potential challenges in generating returns for shareholders. The Equity Ratio of 53.4% indicates a solid equity base, providing a stable financial foundation.

Cash Flow

The Free Cash Flow Growth Rate is strong at 220.6%, highlighting significant improvements in cash-generating ability. The Operating Cash Flow to Net Income Ratio is 1.16, indicating efficient conversion of net income into cash. The Free Cash Flow to Net Income Ratio of 0.14 reflects cautious cash management, though it suggests limited free cash flow compared to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	41.69B	41.51B	32.71B	27.82B	28.42B	23.49B
Gross Profit	20.98B	17.53B	15.01B	5.23B	14.82B	8.95B
EBITDA	5.38B	5.73B	5.98B	4.77B	5.74B	4.02B
Net Income	2.06B	2.46B	3.38B	2.77B	3.59B	2.51B
Balance Sheet
Total Assets	0.00	42.60B	35.69B	30.48B	32.64B	22.96B
Cash, Cash Equivalents and Short-Term Investments	2.41B	2.52B	2.28B	2.37B	4.02B	2.90B
Total Debt	0.00	14.49B	9.56B	8.76B	13.19B	5.77B
Total Liabilities	-22.78B	19.82B	14.80B	12.55B	16.71B	10.05B
Stockholders Equity	22.78B	22.78B	20.89B	17.93B	15.87B	12.85B
Cash Flow
Free Cash Flow	0.00	343.91M	107.27M	4.13B	-4.89B	-555.39M
Operating Cash Flow	0.00	2.86B	1.46B	7.55B	-371.23M	-197.02M
Investing Cash Flow	0.00	-4.97B	-975.46M	-4.74B	-2.58B	-1.89B
Financing Cash Flow	0.00	2.25B	-473.51M	-5.74B	6.46B	1.85B

Indo Count Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 313.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 313.35 is above the 20-day moving average (MA) of 303.36, above the 50-day MA of 286.68, and above the 200-day MA of 282.20, indicating a bullish trend. The MACD of 10.39 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 70.79 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	73 Outperform	₹93.57B	22.74	―	1.08%	8.84%	41.74%
GOKEX	69 Neutral	₹67.94B	43.61	―	―	22.27%	7.09%
ICIL	68 Neutral	₹55.74B	27.06	―	0.62%	10.86%	-47.15%
PGIL	66 Neutral	₹59.88B	23.78	―	0.75%	24.93%	20.57%
SANGAMIND	64 Neutral	₹22.41B	114.07	―	0.46%	13.88%	-0.56%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
KITEX	61 Neutral	₹40.95B	30.96	―	0.24%	20.41%	-6.50%

Indo Count Industries Limited Corporate Events

Indo Count Industries Releases Q1 FY26 Earnings Call Transcript

Indo Count Industries Limited has released the transcript of its Investors’ Conference Call held on August 13, 2025, discussing the Q1 and FY26 financial results. The release of this transcript aligns with regulatory requirements and ensures transparency with stakeholders, providing insights into the company’s financial performance and strategic direction.