Indo Count Industries Limited (ICIL) AI Stock Analysis

• Market Cap: ₹53.44B
• Dividend Yield: 0.74%
• Average Volume (3M): 44.88K
• Price to Earnings (P/E): 25.9
• Beta (1Y): 1.47
• Revenue Growth: 10.96%
• EPS Growth: -39.76%
• Country: IN
• Employees: 3,626
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.90
• Shares Outstanding: 198,054,340
• 10 Day Avg. Volume: 40,145
• 30 Day Avg. Volume: 44,882
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹290.00
• Price Target Upside: 7.47% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: ₹290.00 ▲(7.47% Upside)

Indo Count Industries Limited shows stable financial performance with strong revenue and cash flow growth, although operating margins are under pressure. The technical indicators suggest neutral momentum, and the valuation indicates moderate pricing with a low dividend yield. The absence of earnings call data and corporate events limits additional insights.

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

ICIL makes money primarily through the manufacturing and export of home textile products, with a significant focus on bed linens and sheets. The company's revenue streams are primarily driven by its sales to large retail chains, specialty stores, and e-commerce platforms globally. A major portion of its income is derived from international markets, particularly the United States and Europe, where it has established a strong distribution network. Additionally, ICIL has strategic partnerships with global retailers, which help to expand its market reach and enhance its product offerings. The company's emphasis on innovation, quality, and sustainable practices also contributes to its competitive advantage and revenue generation.

Indo Count Industries Limited Financial Statement Overview

Summary

Indo Count Industries Limited demonstrates robust growth and profitability in the apparel manufacturing sector. Revenue and cash flow growth are commendable, though there is pressure on operating margins. The company maintains a strong equity base but faces moderate financial leverage risks. Overall, the financial health is stable, with opportunities for further strengthening operational efficiency and profitability.

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 2023	Dec 2022	Dec 2022	Dec 2020
Income Statement
Total Revenue	42.22B	41.51B	32.71B	28.42B	30.12B	23.49B
Gross Profit	21.69B	17.53B	15.01B	14.82B	14.29B	8.95B
EBITDA	6.51B	5.73B	6.03B	5.74B	4.77B	4.02B
Net Income	3.27B	2.46B	3.38B	3.59B	2.77B	2.51B
Balance Sheet
Total Assets	0.00	42.60B	35.69B	32.64B	30.48B	22.96B
Cash, Cash Equivalents and Short-Term Investments	3.66B	2.52B	2.28B	4.02B	2.37B	2.90B
Total Debt	0.00	14.49B	9.56B	13.19B	8.76B	5.77B
Total Liabilities	-21.98B	19.82B	14.80B	16.71B	12.55B	10.05B
Stockholders Equity	21.98B	22.78B	20.89B	15.87B	17.93B	12.85B
Cash Flow
Free Cash Flow	0.00	343.91M	107.27M	-4.89B	4.13B	-555.39M
Operating Cash Flow	0.00	2.86B	1.46B	-371.23M	7.55B	-197.02M
Investing Cash Flow	0.00	-4.97B	-1.09B	-2.58B	-4.74B	-1.89B
Financing Cash Flow	0.00	2.25B	-473.51M	6.46B	-5.74B	1.85B

Indo Count Industries Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 269.85
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ICIL, the sentiment is Negative. The current price of 269.85 is above the 20-day moving average (MA) of 269.61, above the 50-day MA of 265.53, and below the 200-day MA of 292.55, indicating a neutral trend. The MACD of 7.62 indicates Positive momentum. The RSI at 48.89 is Neutral, neither overbought nor oversold. The STOCH value of 8.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	69 Neutral	80.31B	21.83	9.34%	1.22%	10.23%	18.42%
PGIL	67 Neutral	59.01B	23.43	21.49%	0.90%	30.23%	23.88%
ICIL	65 Neutral	₹53.44B	25.94	―	0.74%	10.96%	-39.76%
GOKEX	64 Neutral	54.02B	30.59	7.62%	―	39.03%	21.59%
KITEX	64 Neutral	38.14B	28.84	13.43%	0.26%	49.50%	74.50%
SANGAMIND	55 Neutral	21.81B	110.99	3.16%	0.46%	11.71%	-53.73%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%

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.

Indo Count Industries Releases 2024-25 Sustainability Report

Indo Count Industries Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2024-25 to the stock exchanges. This report, in compliance with SEBI regulations, highlights the company’s commitment to sustainable practices and corporate responsibility, potentially enhancing its reputation and stakeholder trust in the textile industry.

Indo Count Industries to Hold Virtual AGM in August 2025

Indo Count Industries Limited has announced that its 36th Annual General Meeting (AGM) will be held on August 19, 2025, through video conferencing or other audio-visual means. This decision follows the Ministry of Corporate Affairs’ circulars allowing AGMs to be conducted virtually, ensuring compliance with regulatory requirements. The company has advertised this information in the Times of India and Kesari newspapers, ensuring stakeholders are informed of the virtual meeting details.

Indo Count Industries Confirms Compliance with SEBI Regulations

Indo Count Industries Limited has submitted a confirmation certificate in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ending June 30, 2025. The certificate, issued by their Registrar and Share Transfer Agent, MUFG Intime India Pvt. Ltd., confirms that securities received for dematerialisation have been processed appropriately and listed on the stock exchanges. This announcement ensures stakeholders of the company’s adherence to regulatory requirements, potentially reinforcing trust in its operational transparency.