ICIL - Indo Count Industries Ltd Share Price

Textiles & Apparels

₹298.00-1.90(-0.63%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Indo Count Industries Ltd do?

Other Textile Products•Textiles•Small Cap

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 comprising mattress pads, down alt comforters, filled pillows, and protectors; institutional bedding products, which include euro-shams, and bedding products, such as flat sheets, printed bed sheets, fitted sheets, and bed skirts/valances. It operates showrooms in the United Kingdom and the United States. Indo Count Industries Limited 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 platforms. The company exports its products. Indo Count Industries Limited was incorporated in 1988 and is based in Mumbai, India.

Industry Group:Textiles & Apparels

Employees:3,626

Website:www.indocount.com

Summary of Latest Earnings Report from Indo Count Industries

Summary of Indo Count Industries's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

The management provided an optimistic outlook, emphasizing strategic growth and expansion. Key points include:

Industry Outlook: Positive momentum in US retail sales, resilience despite freight cost challenges, and domestic market growth. India-UK FTA discussions and the Cotton Productivity Mission aim to boost trade and cotton sustainability. The China+1 strategy favors India's textile sector.
Financial Performance: Q3 FY25 revenue grew 61% YoY to Rs.1,168 crore, with PAT up 30% to Rs.75 crore. Core bedding targets ~110 million meters annually (out of 153 million capacity), sustaining ~16% EBITDA margins.
Expansion & Acquisitions: Recent acquisitions (Fluvitex USA, Modern Home Textiles, Wamsutta brand) contributed ~Rs.100 crore in Q3. A $15M greenfield facility in North Carolina (18M pillows/year) will start operations by Sept 2025. Total US capacity to reach 31M pillows and 1.5M quilts annually.
Margins & Guidance: Near-term EBITDA margins impacted by 150-200 bps due to US investments but expected to recover post-FY26. FY25 consolidated EBITDA margin guided at 15-16%.
Long-Term Goals: Target to double revenue by FY28 through core bedding, utility bedding, and brands. Acquisitions aim to add $275M revenue over three years.
Sustainability & Recognition: Awards include CII's National Water Management Award and Texprocil's Vastra Ratna for leadership.
Debt & Capex: Gross debt at Rs.1,300 crore (net ~Rs.1,150 crore). FY25 capex includes Rs.65 crore for core operations and Rs.50 crore for US expansions.

Management remains focused on operational efficiency, scaling US operations, and leveraging India's growth trajectory.

Q&A Session

Last updated: Feb 25

Question 1 (Jatin Damania, Swan Investments):
"Sir, first on the opening remarks, Mr. Jain alluded that due to increasing the overall freight cost and volatility, the company has taken some initiatives in terms of the improvement in the operating efficiencies and the other sorts of things. So, can you help us in detail what are the initiatives that company has taken to insulate ourselves from the higher increase in the freight cost?"
Answer:
The company focuses on operational efficiency improvements across facilities to offset rising freight costs, leveraging cost-saving measures in other areas.

Question 2 (Jatin Damania, Swan Investments):
"As far as our US operations is concerned... how does the margin profile for the branding business evolve? And... is it fair to assume the 15% EBITDA margin guidance for FY "˜26 will be lower?"
Answer:
Near-term margin impact of 150"“200 bps is expected due to upfront US investments (until March 2026), but margins for new businesses (brands/utility bedding) are projected to improve as they scale. FY26 guidance will be clarified post-Q4 results.

Question 3 (Palash Kawale, Nuvama Wealth):
"How do you see the Red Sea issue panning out? Do you see prolonged relief or disturbances?"
Answer:
Red Sea challenges are behind; freight rates have stabilized, and container availability has improved. No significant disruptions are anticipated.

Question 4 (Surya Nayak, Sunidhi Securities):
"Will the US expansions (acquisitions/greenfield) continue, given rising leverage?"
Answer:
Current investments are sufficient for now, and future opportunities will be evaluated prudently. The company maintains a conservative approach to capital allocation.

Question 5 (Prerna Jhunjhunwala, Elara Capital):
"What is the opportunity for the utility bedding business, and how does its profitability compare to core bedding?"
Answer:
Utility bedding ($4B"“$4.5B US market) complements core bedding. Margins are expected to be slightly better than core bedding post-gestation, driven by localized US manufacturing and customer wallet-share expansion.

Question 6 (Amit Kumar, Determined Investments):
"How do you reconcile the high projected ROCE ($90M revenue vs. $15M capex) for the greenfield pillow facility?"
Answer:
Execution, customer relationships, and supply-chain efficiency are critical factors. Revenue targets are gradual over three years, factoring gestation and scale-up.

Question 7 (Sandeep Baid, Individual Investor):
"Is the 15"“16% EBITDA guidance for FY25 adjusted for the 150"“200 bps margin impact from US investments?"
Answer:
The FY25 margin guidance (15"“16%) already factors in near-term impacts. Margin recovery is expected post-FY26 as US operations scale.

Question 8 (Surya Nayak, Sunidhi Securities):
"What is the debt breakdown (working capital vs. long-term) and FY26 outlook?"
Answer:
Gross debt is ~Rs. 1,300 crores (Rs. 1,000 crores working capital, Rs. 300 crores long-term). Debt levels are expected to remain stable, with working capital optimization offsetting expansion costs.

Question 9 (Narendra, Robo Capital):
"What is the timeline for doubling revenue by 2028, and when will US facilities reach 70"“80% utilization?"
Answer:
Revenue doubling (from FY25) is targeted by 2028 via core bedding, utility bedding, and brands. US facilities aim for progressive utilization increases, reaching full scale in ~2 years.

Question 10 (Vikram Suryavanshi, PhillipCapital):
"What is the Q4 revenue expectation from US acquisitions (Fluvitex, Modern Home Textiles)?"
Answer:
Q4 revenue from these acquisitions will improve sequentially, with ~90% of Q3 contributions already captured post-integration (closed in Sept/Oct 2024).

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Share Holdings

Understand Indo Count Industries ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Sandridge Investments Limited	31.31%
Indocount Securities Limited	15.67%
Elm Park Fund Limited	5.2%
Gayatri Devi Jain	3.38%
Shikha Jain	2.65%
Uti Small Cap Fund	2.11%
Hsbc Small Cap Fund	1.79%
Long Term India Fund	1.51%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	1.26%
Mukul Mahavir Agrawal	1.26%
Yarntex Exports Ltd	1.17%
Neha Singhvi	1.15%
Shivani Patodia	1.1%
Anil Kumar Jain	0.94%
Margo Finance Limited	0.77%
Mohit Anilkumar Jain	0.35%
Slab Promoters Private Limited	0.16%
Unclaimed or Suspense or Escrow Account	0.13%
Rini Investment And Finance Private Limited	0.06%
Anil Kumar Jain Huf	0.04%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Cash Flow for Indo Count Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	14%	66	58	42
Change in inventories	-289.1%	-275.08	147	-247.7
Depreciation	14.5%	72	63	39
Unrealised forex losses/gains	-	-10.64	0	0
Adjustments for interest income	-7.1%	14	15	17
Net Cashflows from Operations	-66.6%	241	720	-185.68
Income taxes paid (refund)	28.9%	99	77	140
Net Cashflows From Operating Activities	-77.9%	143	643	-326.04
Proceeds from sales of PPE	-	0.16	0	0
Purchase of property, plant and equipment	-	131	0	0
Purchase of investment property	-100.7%	0	142	-169.39
Proceeds from government grants	-	16	0	0
Proceeds from sales of long-term assets	-160.2%	0	2.66	7.46
Interest received	119.6%	16	7.83	17
Other inflows (outflows) of cash	102.7%	10	-332.74	-131.65
Net Cashflows From Investing Activities	80.6%	-89.39	-463.92	62
Proceeds from borrowings	-15.3%	123	145	656
Repayments of borrowings	-90.2%	50	501	0
Payments of lease liabilities	2%	6.6	6.49	0
Dividends paid	2.6%	40	39	30
Other inflows (outflows) of cash	-11.4%	-64.84	-58.09	-42.13
Net Cashflows from Financing Activities	91.6%	-37.84	-460.32	584
Net change in cash and cash eq.	105%	15	-281.11	320

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	13.1%	70	62	47
Change in inventories	-244.7%	-247.84	173	-350
Depreciation	28.1%	83	65	41
Unrealised forex losses/gains	-	-10.64	0	0
Adjustments for interest income	0%	12	12	17
Net Cashflows from Operations	-71.4%	245	855	-203.77
Income taxes paid (refund)	12.6%	99	88	141
Net Cashflows From Operating Activities	-81.1%	146	767	-344.98
Proceeds from sales of PPE	-	0.16	0	0
Purchase of property, plant and equipment	-	135	0	0
Proceeds from sales of investment property	-160.2%	0	2.66	7.46
Purchase of investment property	-100.7%	0	142	-169.39
Proceeds from government grants	-	16	0	0
Interest received	75.7%	12	7.26	17
Other inflows (outflows) of cash	102.5%	10	-354.08	-136
Net Cashflows From Investing Activities	79.8%	-97.55	-485.83	58
Proceeds from borrowings	-	123	0	729
Repayments of borrowings	-89.3%	50	461	0
Payments of lease liabilities	0%	12	12	0
Dividends paid	2.6%	40	39	30
Other inflows (outflows) of cash	-8.9%	-68.49	-62.83	-58.9
Net Cashflows from Financing Activities	91.6%	-47.35	-574.41	641
Net change in cash and cash eq.	100%	0.9	-293.23	354

Income Statement for Indo Count Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	19.7%	3,332	2,784	2,806	2,515	1,965	1,813
Other Income	36.4%	46	34	139	38	54	10
Total Income	19.9%	3,379	2,818	2,945	2,552	2,019	1,823
Cost of Materials	23.4%	1,662	1,347	1,239	1,333	1,091	975
Purchases of stock-in-trade	-36.7%	20	31	166	73	3.47	2.85
Employee Expense	19.2%	280	235	170	145	125	121
Finance costs	14%	66	58	42	27	37	34
Depreciation and Amortization	14.5%	72	63	39	40	41	33
Other expenses	27.3%	1,086	853	818	696	578	569
Total Expenses	18.2%	2,947	2,494	2,491	2,200	1,865	1,728
Profit Before exceptional items and Tax	33.5%	431	323	455	353	155	95
Exceptional items before tax	-	0	0	0	0	-98.46	0
Total profit before tax	33.5%	431	323	455	353	56	95
Current tax	35.2%	97	72	126	89	17	31
Deferred tax	8.3%	14	13	-9.13	3.79	-34.93	4.54
Total tax	31%	111	85	117	92	-17.53	35
Total profit (loss) for period	34.6%	320	238	338	260	74	59
Other comp. income net of taxes	106.5%	2.07	-15.43	-15.02	62	-47.11	-28.58
Total Comprehensive Income	44.6%	322	223	323	322	27	31
Earnings Per Share, Basic	37.5%	16.17	12.03	17.13	13.18	3.74	3
Earnings Per Share, Diluted	37.5%	16.17	12.03	17.13	13.18	3.74	3

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	1.8%	1,009	991	906	1,001	696	960
Other Income	80%	19	11	11	0.51	14	25
Total Income	2.6%	1,028	1,002	917	1,002	710	985
Cost of Materials	-33.3%	331	496	530	477	414	378
Purchases of stock-in-trade	43.6%	6.57	4.88	2.38	3	9.86	4.25
Employee Expense	-8%	81	88	76	74	71	73
Finance costs	0%	29	29	20	19	17	17
Depreciation and Amortization	5.3%	21	20	20	19	19	18
Other expenses	-11.6%	290	328	305	313	254	286
Total Expenses	5.4%	938	890	808	877	633	846
Profit Before exceptional items and Tax	-19.8%	90	112	109	124	77	139
Total profit before tax	-19.8%	90	112	109	124	77	139
Current tax	-22.2%	22	28	28	29	17	31
Deferred tax	240%	1.34	1.1	2.55	2.88	3.53	4.12
Total tax	-21.4%	23	29	30	32	20	35
Total profit (loss) for period	-19.5%	67	83	79	92	56	104
Other comp. income net of taxes	-88.7%	-15.23	-7.6	4.68	-0.78	1.43	-9.45
Total Comprehensive Income	-31.1%	52	75	84	92	58	95
Earnings Per Share, Basic	-25.7%	3.37	4.19	3.99	4.66	2.85	5.27
Earnings Per Share, Diluted	-25.7%	3.37	4.19	3.99	4.66	2.85	5.27

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	18.1%	3,557	3,012	2,842	2,519	2,080	1,934
Other Income	43.3%	44	31	140	38	55	10
Total Income	18.3%	3,601	3,043	2,982	2,557	2,135	1,945
Cost of Materials	21.1%	1,662	1,373	1,273	1,334	1,108	1,036
Purchases of stock-in-trade	18.9%	64	54	166	71	0.37	0.1
Employee Expense	16.9%	313	268	191	159	148	144
Finance costs	13.1%	70	62	47	28	39	36
Depreciation and Amortization	28.1%	83	65	41	43	43	35
Other expenses	26.2%	1,172	929	864	714	609	603
Total Expenses	17.4%	3,150	2,684	2,496	2,214	1,980	1,849
Profit Before exceptional items and Tax	25.4%	450	359	486	343	155	95
Exceptional items before tax	-	0	0	0	-3.65	-98.46	0
Total profit before tax	25.4%	450	359	486	340	57	95
Current tax	31.5%	97	74	136	89	19	32
Deferred tax	96.4%	15	8.13	-8.15	1.27	-35.3	3.98
Total tax	37%	112	82	127	90	-16.42	36
Total profit (loss) for period	22.1%	338	277	359	249	73	60
Other comp. income net of taxes	92.9%	-1.94	-40.34	-26.8	60	-48.59	-32.6
Total Comprehensive Income	42.6%	336	236	332	309	25	27
Earnings Per Share, Basic	23.8%	17.06	13.97	18.16	12.7	3.74	3.05
Earnings Per Share, Diluted	23.8%	17.06	13.97	18.16	12.7	3.74	3.05

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	11.2%	1,152	1,036	941	1,093	713	1,009
Other Income	88.9%	16	8.94	8.54	0.24	14	25
Total Income	11.8%	1,168	1,045	950	1,094	727	1,033
Cost of Materials	-25.2%	377	504	530	477	414	370
Purchases of stock-in-trade	81.5%	50	28	12	31	20	9.89
Employee Expense	12.4%	119	106	89	83	79	81
Finance costs	20.7%	36	30	21	20	18	18
Depreciation and Amortization	20.8%	30	25	25	22	22	20
Other expenses	-7.5%	332	359	328	355	270	300
Total Expenses	14.4%	1,068	934	842	970	649	883
Profit Before exceptional items and Tax	-10%	100	111	108	124	79	151
Total profit before tax	-10%	100	111	108	124	79	151
Current tax	-18.5%	23	28	28	30	16	31
Deferred tax	-86.7%	1.08	1.6	1.81	2.4	4.24	5.87
Total tax	-17.9%	24	29	30	32	21	37
Total profit (loss) for period	-8.6%	75	82	78	92	58	114
Other comp. income net of taxes	-76.5%	-18.65	-10.13	3.48	-1.69	-0.23	-10.42
Total Comprehensive Income	-20%	57	71	81	90	58	104
Earnings Per Share, Basic	-9.9%	3.81	4.12	3.93	4.64	2.93	5.77
Earnings Per Share, Diluted	-9.9%	3.81	4.12	3.93	4.64	2.93	5.77

Balance Sheet for Indo Count Industries

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-11.2%	72	81	34	65	95	348
Current investments	-3%	129	133	120	143	99	1.5
Loans, current	0%	38	38	0	0	0	0
Total current financial assets	24.3%	1,030	829	746	725	868	857
Inventories	19.8%	1,261	1,053	855	778	862	925
Current tax assets	4994.3%	28	1.53	0	1.52	2.3	22
Total current assets	17.7%	2,474	2,102	1,786	1,653	1,914	2,049
Property, plant and equipment	2.6%	1,302	1,269	1,233	1,039	920	570
Capital work-in-progress	-12.5%	22	25	14	171	101	23
Non-current investments	-110%	0	11	11	11	11	25
Loans, non-current	-	86	0	37	37	37	34
Total non-current financial assets	840%	142	16	52	52	51	63
Total non-current assets	7%	1,488	1,391	1,369	1,341	1,178	1,031
Total assets	13.4%	3,962	3,493	3,156	2,994	3,093	3,080
Borrowings, non-current	-17%	113	136	168	198	130	85
Total non-current financial liabilities	-15.3%	128	151	175	205	140	96
Provisions, non-current	36.4%	16	12	12	9.18	8.23	2.36
Total non-current liabilities	-6.3%	269	287	290	296	204	175
Borrowings, current	48.1%	1,152	778	645	642	801	1,112
Total current financial liabilities	32%	1,509	1,143	948	920	1,216	1,267
Provisions, current	123.3%	4.64	2.63	2.59	1.87	1.44	0
Current tax liabilities	-	1.67	0	3.2	-	-	-
Total current liabilities	32%	1,530	1,159	968	933	1,237	1,337
Total liabilities	24.4%	1,799	1,446	1,258	1,229	1,442	1,512
Equity share capital	0%	40	40	40	40	39	39
Total equity	5.7%	2,163	2,047	1,898	1,765	1,651	1,568
Total equity and liabilities	13.4%	3,962	3,493	3,156	2,994	3,093	3,080

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	144.6%	226	93	43	92	1.21	387
Current investments	-3%	129	133	120	143	0.99	1.5
Loans, current	-	0	0	0	0	0	0
Total current financial assets	37.5%	1,065	775	740	668	7.19	923
Inventories	25.5%	1,434	1,143	931	895	11	1,068
Current tax assets	2005.3%	33	2.52	0.77	2.17	0.04	24
Total current assets	25.7%	2,689	2,140	1,858	1,713	20	2,263
Property, plant and equipment	8.2%	1,380	1,276	1,241	1,039	9.2	598
Capital work-in-progress	-12.5%	22	25	14	180	1.01	24
Goodwill	-	127	0	0	0	0	0
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	7.1%	7.62	7.18	5.88	5.74	0.05	35
Total non-current assets	18%	1,686	1,429	1,375	1,346	12	1,001
Total assets	22.6%	4,375	3,569	3,233	3,060	32	3,264
Borrowings, non-current	76.3%	239	136	168	198	1.3	85
Total non-current financial liabilities	86.1%	310	167	193	198	1.4	96
Provisions, non-current	36.4%	16	12	12	9.33	0.08	2.49
Total non-current liabilities	50.7%	450	299	304	309	2.05	173
Borrowings, current	50.7%	1,172	778	645	642	8.68	1,216
Total current financial liabilities	47.1%	1,703	1,158	966	934	13	1,383
Provisions, current	120%	4.74	2.7	2.59	2.04	0.01	0
Current tax liabilities	261.8%	2.1	0.32	3.2	0	0	9.22
Total current liabilities	46.4%	1,727	1,180	987	958	13	1,498
Total liabilities	47.1%	2,177	1,480	1,292	1,267	15	1,671
Equity share capital	0%	40	40	40	40	0.39	39
Non controlling interest	-	0	-	0	-	0	5.7
Total equity	5.2%	2,198	2,089	1,941	1,793	16	1,593
Total equity and liabilities	22.6%	4,375	3,569	3,233	3,060	32	3,264

Valuation
Market Cap	5.9 kCr
Price/Earnings (Trailing)	18.06
Price/Sales (Trailing)	1.39
EV/EBITDA	9.07
Price/Free Cashflow	616.74
MarketCap/EBT	13.36

Fundamentals
Revenue (TTM)	4.26 kCr
Rev. Growth (Yr)	60.58%
Rev. Growth (Qtr)	11.75%
Earnings (TTM)	326.75 Cr
Earnings Growth (Yr)	29.98%
Earnings Growth (Qtr)	-7.44%

Profitability
Operating Margin	10.38%
EBT Margin	10.38%
Return on Equity	14.86%
Return on Assets	7.47%
Free Cashflow Yield	0.16%

Investor Care
Dividend Yield	1.29%
Dividend/Share (TTM)	4.2
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	16.5

Financial Health
Current Ratio	1.56
Debt/Equity	0.64
Debt/Cashflow	0.16

ICIL - Indo Count Industries Ltd Share Price

What does Indo Count Industries Ltd do?

Summary of Latest Earnings Report from Indo Count Industries

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Cash Flow for Indo Count Industries

Income Statement for Indo Count Industries

Balance Sheet for Indo Count Industries

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Is Indo Count Industries Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
KPRMILL	K.P.R. MillOther Textile Products	35.07 kCr	6.39 kCr	+13.18%	+18.56%	42.55	5.49	+0.23%	+2.86%
TRIDENT	TridentOther Textile Products	14.33 kCr	6.86 kCr	+15.90%	-29.32%	48.38	2.09	+1.75%	-29.72%
ALOKINDS	Alok IndustriesOther Textile Products	8.57 kCr	4.26 kCr	+14.75%	-37.31%	-8.95	2.01	-24.05%	-3.17%
BOMDYEING	Bombay Dyeing & Mfg. Co.Other Textile Products	2.76 kCr	1.79 kCr	+2.84%	-20.52%	5.06	1.54	-12.27%	-79.32%