Want to see IN:ICIL full AI Analyst Report?
Top Page
Indo Count Industries Limited
(ICIL)
Select Model
Select Model
Rating:61Neutral
Price Target:
₹416.00
▲(3.07% 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
Export-oriented recurring demand
Supplying large global retailers and brand customers gives ICIL access to recurring bulk, seasonal, and replenishment orders. This customer model can support production visibility, repeat volumes, and durable market reach across domestic and international bedding markets.
Negative Factors
Material margin compression
The sharp decline in net margin shows that ICIL’s earnings power has weakened materially even though the business retains a healthy gross margin. If lower profitability persists, less revenue will convert into earnings and internal capital, limiting resilience and reinvestment.
Read all positive and negative factors
Positive Factors
Negative Factors
Export-oriented recurring demand
Supplying large global retailers and brand customers gives ICIL access to recurring bulk, seasonal, and replenishment orders. This customer model can support production visibility, repeat volumes, and durable market reach across domestic and international bedding markets.
Read all positive factors
Indo Count Industries Limited (ICIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹82.73B
Dividend Yield0.36%
Average Volume (3M)23.84K
Price to Earnings (P/E)54.6
Beta (1Y)1.72
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. Volume14,786
30 Day Avg. Volume23,840
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)16.49
Revenue Forecast (FY)₹52.25B
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
Neutral
403.60
Price Trends
437.81
Negative
416.34
Positive
343.65
Positive
Market Momentum
-9.30
Positive
45.48
Neutral
21.42
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICIL, the sentiment is Neutral. The current price of 403.6 is below the 20-day moving average (MA) of 437.61, below the 50-day MA of 437.81, and above the 200-day MA of 343.65, indicating a neutral trend. The MACD of -9.30 indicates Positive momentum. The RSI at 45.48 is Neutral, neither overbought nor oversold. The STOCH value of 21.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹136.24B | 31.64 | ― | 0.90% | 15.21% | 12.58% | |
61 Neutral | ₹82.73B | 54.59 | ― | 0.36% | 5.30% | -26.76% | |
56 Neutral | ₹109.31B | 27.51 | ― | 2.33% | -2.45% | -10.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹72.04B | 154.21 | ― | 1.92% | -25.55% | -99.34% | |
45 Neutral | ₹18.21B | 90.67 | ― | 0.45% | -2.55% | -95.87% | |
44 Neutral | ₹6.77B | 12.09 | ― | 0.46% | -8.16% | -22.62% |
* General Sector Average
IN:ICIL
Indo Count Industries Limited
417.70
133.38
46.91%
IN:ARVIND
Arvind Limited
500.80
176.50
54.42%
IN:BOMDYEING
Bombay Dyeing & Manufacturing Co. Ltd.
88.15
-79.69
-47.48%
IN:HIMATSEIDE
Himatsingka Seide Limited.
53.83
-70.24
-56.61%
IN:RAYMOND
Raymond Limited
1,082.15
494.80
84.24%
IN:TRIDENT
Trident Limited
21.45
-6.96
-24.50%
Indo Count Industries Limited Corporate Events
Indo Count to Engage Investors at Arihant Capital Bharat Connect Conference
Sep 23, 2026
Indo Count Industries Limited has announced that its officials will participate in a virtual group meeting with institutional investors and analysts at the Arihant Capital Bharat Connect Conference on 28 September 2026. The company emphasized that...
Indo Count Restores Full Operations at Flood-Hit Bhilad Plant
Sep 18, 2026
Indo Count Industries Limited has restored operations at its Bhilad, Gujarat facility to regular working levels as of 17 September 2026, after disruption caused by recent floods. The company has repaired affected equipment, machinery and premises,...
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.