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Indo Count Industries

ICIL NSE
₹525.35 No trade today
P/E
69.03
View as Markdown
MCP
Close 4 Nov 2026 ₹525.35 +252.40 +92.5% 1Y
Start ₹272.95

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.19%
Debt to Equity
0.57
EPS (TTM)
₹7.61
Book Value
₹118.92
Market Cap
—
P/E (TTM)
69.03
P/B
4.42
ROE
5.52%
Dividend Yield
0.32%
EBITDA
₹462 Cr
52W High
₹536.00
52W Low
₹216.90
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Cotton/Blended › Other Textile Products

Indo Count Industries peer comparison
KPR Mill
₹1,174.8044.02₹39,972 Cr6.460.43%15.70%19.60%₹6,820 Cr₹913 Cr
Welspun Living
₹264.5790.61₹25,018 Cr4.930.04%4.48%6.26%₹9,934 Cr₹287 Cr
Vardhman Textiles
₹529.8518.08₹14,989 Cr1.460.98%6.86%8.55%₹10,186 Cr₹860 Cr
Trident
₹23.8930.63₹12,083 Cr2.912.10%7.91%9.79%₹6,781 Cr₹395 Cr
Indo Count Industries (this company)
₹525.3569.03₹9,390 Cr4.420.32%5.52%8.19%₹4,390 Cr₹150 Cr
Garware Technical Fibres
₹753.6035.40₹7,222 Cr5.231.22%16.10%22.00%₹1,644 Cr₹210 Cr
Kusumgar
₹584.9545.34₹5,974 Cr12.250.00%18.60%18.80%₹701 Cr₹131 Cr
Median 7 companies₹529.8544.02₹12,083 Cr4.930.43%7.91%9.79%₹6,781 Cr₹287 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
67
Strong
Returns, margins, earnings quality 22% weight
Valuation
45
Average
Cheap vs sector & own history 24% weight
Growth
24
Poor
Sales & profit trajectory 9% weight
Financial Health
40
Weak
Solvency, leverage, coverage 9% weight
Momentum
98
Strong
Trend strength, vol-adjusted 12% weight
Ownership
63
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 17.4%

Weaknesses

3
  • Stock is trading at 3.79 times its book value
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • Company has a low return on equity of 11.2% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3412
OscillatorsBearish342
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
69.65
Neutral
MACD (12,26,9)
8.06
Bullish
SMA (50)
442.57
Bullish
SMA (200)
350.13
Bullish

As of

Analyst Rating

Based on 7 analysts
BUY86%

6 of 7 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
6
86%
HOLD
1
14%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.22%
5Y+10.45%
3Y+11.19%
1Y−0.24%
TTM+5.28%

Net profit

Net profit growth by window
10Y−6.59%
5Y−12.60%
3Y−22.89%
1Y−49.20%
TTM−28.91%

Operating cash flow

Operating cash flow growth by window
10Y+14.12%
5YTurned positive
3Y−8.78%
1Y+45.43%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−10.70 pp
5Y−5.54 pp
3Y−5.60 pp
1Y−3.45 pp
TTM−2.43 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,153 Cr
Mar 2018₹1,859 Cr
Mar 2019₹1,934 Cr
Mar 2020₹2,080 Cr
Mar 2021₹2,519 Cr
Mar 2022₹2,842 Cr
Mar 2023₹3,012 Cr
Mar 2024₹3,557 Cr
Mar 2025₹4,151 Cr
Mar 2026₹4,141 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹232 Cr
Mar 2018₹125 Cr
Mar 2019₹60.00 Cr
Mar 2020₹73.00 Cr
Mar 2021₹249 Cr
Mar 2022₹359 Cr
Mar 2023₹277 Cr
Mar 2024₹338 Cr
Mar 2025₹250 Cr
Mar 2026₹127 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹639 Cr +38.5% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Indo Count Industries is the world's largest bed-linen manufacturer with FY25 consolidated revenue of ₹4,151 Cr (up 16% YoY) but net profit declined 27% YoY to ₹246 Cr. The stock trades at a PE of 62.8x with a market cap of ₹8,023 Cr, reflecting a significant premium to historical earnings growth while profitability metrics have deteriorated in recent quarters.

Bull Case 8
  • Achieved highest-ever consolidated revenue of ₹4,151 Cr in FY25, growing 16% YoY from ₹3,557 Cr
  • World's largest bed-linen manufacturer with installed capacity of 153 million meters per annum, providing scale advantages
  • India's home textile market is projected to grow at 7.08% CAGR from USD 11.18 billion in 2025 to USD 16.76 billion by 2031, providing secular tailwinds
  • Stock has delivered 48% returns in the last 1 year and 23% CAGR over 3 years, reflecting strong market momentum
  • Maintains consistent dividend payout of 17.5% with a current dividend yield of 0.5%
  • Standalone revenue grew 13% YoY from ₹3,332 Cr to ₹3,772 Cr in FY25, showing domestic strength
  • Compounded sales growth of 11% over 3 years and 10% over 5 years demonstrates steady top-line expansion
  • Net debt-to-equity ratio of 0.42x as of March 2025 indicates manageable leverage for a manufacturing company
Bear Case 8
  • Consolidated net profit declined 27% YoY from ₹338 Cr in FY24 to ₹246 Cr in FY25 despite revenue growth
  • TTM profit growth is negative 49%, with 3-year compounded profit declining at -23% CAGR
  • PE ratio of 62.8x is elevated for a textile company that delivered only ₹246 Cr PAT in FY25
  • EBITDA margin compressed from 16.9% in FY24 to 13.8% in FY25 on a consolidated basis (₹573 Cr vs ₹603 Cr)
  • Finance costs nearly doubled from ₹70 Cr in FY24 to ₹123 Cr in FY25, squeezing profitability
  • ROE has declined sharply from a 5-year average of 14% to just 5% in the last year
  • Stock trades at 3.38x book value despite 5-year sales CAGR of only 10.4% and declining margins
  • Q4 FY25 net profit was only ₹24.2 Cr, implying significant sequential weakness in the final quarter

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: No positive catalysts are visible in recent news flow. The situation warrants monitoring for production loss estimates and timeline for resumption of operations.

Headwinds 1
  • Bhilad plant halts due to floods Jul 24

    Indo Count Industries suspended operations at its Bhilad, Gujarat facility on July 23, 2026 due to heavy rainfall and flooding. Assets are insured but operational impact is still being assessed.

Quarterly Results

₹ Cr
ICIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
741
1,009
713
1,093
941
1,036
1,152
1,023
959
1,062
1,063
1,058
1,207
Expenses
616
844
609
928
796
879
1,006
933
848
958
972
971
1,064
Operating Profit
125
165
104
165
145
157
146
90
111
104
91
86
143
OPM %
17%
16%
15%
15%
15%
15%
13%
9%
12%
10%
9%
8%
12%
Other Income
5
25
14
0
9
9
16
6
9
19
11
30
17
Interest
15
18
18
20
21
30
36
36
31
32
30
44
32
Depreciation
19
20
22
22
25
25
30.32
34
38
39
39
43
45
PBT
97
151
79
124
108
111
95
26
51
52
34
30
84
Tax %
24%
24%
26%
26%
28%
27%
25%
18%
23%
25%
27%
20%
24%
Net Profit
74
114
58
92
78
80
71
21
39
39
24
24
63
EPS (₹)
3.72
5.77
2.93
4.64
3.93
4.06
3.57
1.06
1.97
1.97
1.23
1.22
3.19

Profit & Loss

₹ Cr
ICIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,717
2,063
2,153
1,859
1,934
2,080
2,519
2,842
3,012
3,557
4,151
4,141
4,390
Expenses
1,468
1,646
1,828
1,696
1,778
1,897
2,141
2,403
2,556
2,995
3,613
3,747
3,965
Operating Profit
249
417
325
163
156
183
379
439
455
562
538
394
424
OPM %
14%
20%
15%
9%
8%
9%
15%
15%
15%
16%
13%
10%
10%
Other Income
39
48
103
99
10
−44
32
135
30
41
38
67
78
Interest
65
55
42
35
36
39
28
47
62
70
123
136
136
Depreciation
16
30
33
33
35
43
43
41
65
83
116
159
167
PBT
207
379
353
194
95
57
340
486
359
450
338
166
199
Tax %
30%
34%
34%
36%
37%
−29%
27%
26%
23%
25%
26%
24%
—
Net Profit
146
251
232
125
60
73
249
359
277
338
250
127
151
EPS (₹)
7.38
12.74
11.76
6.39
3.05
3.74
12.7
18.17
13.97
17.06
12.62
6.4
7.61
Div. Payout %
0%
3%
7%
13%
20%
16%
12%
11%
14%
13%
16%
23%
—

Balance Sheet

₹ Cr
ICIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
39
39
39
39
39
39
39
39
40
40
40
40
Reserves
382
591
807
917
935
947
1,245
1,551
1,753
2,049
2,242
2,316
Borrowings
386
409
311
384
337
349
577
1,319
876
956
1,448
1,342
Other Liabilities
435
352
367
359
313
361
433
352
379
524
526
794
Total Liabilities
1,242
1,392
1,524
1,699
1,625
1,696
2,296
3,262
3,048
3,569
4,255
4,491
Fixed Assets
388
484
533
543
574
575
561
631
1,110
1,355
1,895
2,084
CWIP
15
11
12
24
16
6
8
24
183
35
50
5
Investments
0
0
0
0
46
0
167
2
143
133
139
190
Other Assets
839
898
979
1,132
988
1,115
1,560
2,606
1,611
2,046
2,171
2,212
Total Assets
1,242
1,392
1,524
1,699
1,625
1,696
2,296
3,262
3,048
3,569
4,255
4,491

Cash Flow

₹ Cr
ICIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
236
153
216
42
215
140
−20
−37
755
146
394
573
Investing
−103
−113
−78
−52
−101
16
−189
−258
−474
−98
−485
−217
Financing
−114
−61
−148
17
−106
−40
185
646
−574
−47
105
−349
Net Cash Flow
19
−21
−10
7
8
116
−23
352
−293
1
14
7
Free Cash Flow
151
31
128
−14
155
107
−56
−489
416
11
143
372
CFO/OP
115
57
93
59
162
90
15
24
185
44
92
157

Ratios

ICIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
27
43
53
56
48
43
75
63
48
46
52
45
Inventory Days
148
159
149
206
188
168
206
288
240
275
229
241
Days Payable
96
67
61
67
51
41
67
45
57
74
46
72
Cash Conversion Cycle
79
136
141
196
185
169
214
307
231
248
235
215
Working Capital Days
15
44
73
106
91
64
89
44
61
74
57
60
ROCE %
39%
47%
36%
18%
10%
15%
23%
22%
15%
18%
14%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indo Count Industries insights

68 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 58.74%
  • Public 16.88%
  • FIIs 10.67%
  • Others 7.62%
  • DIIs 6.08%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Indo Count Industries

What does Indo Count Industries Ltd do?
Indo Count Industries Limited (ICIL) is engaged in the home textiles & bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts. It is the largest global bed linen player.
Where is Indo Count Industries Ltd (ICIL) listed?
Indo Count Industries Ltd trades as ICIL on the NSE and under code 521016 on the BSE.
Which sector does Indo Count Industries Ltd belong to?
Indo Count Industries Ltd is classified under the Textiles sector, in the Cotton/Blended industry.
What is the PE ratio of Indo Count Industries Ltd?
Indo Count Industries Ltd trades at a PE ratio of 69.03 as of 4 Nov 2026, on earnings per share of ₹7.61, against a book value of ₹118.92 per share.
What is the 52-week high and low of Indo Count Industries Ltd?
Over the last 52 weeks Indo Count Industries Ltd has traded between ₹216.9 and ₹536 as of 4 Nov 2026.
Does Indo Count Industries Ltd pay dividends?
Indo Count Industries Ltd has a dividend yield of 0.32%.
What is the Return on Equity (ROE) of Indo Count Industries Ltd?
Indo Count Industries Ltd reported a return on equity of 5.52%. Its debt-to-equity ratio is 0.57.

Company Information

Indo Count Industries Limited (ICIL) is engaged in the home textiles & bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts. It is the largest global bed linen player.

Website indocount.com
CEO Mr. Anil Kumar Jain B.Com
Employees 3,637
Listed 12 Sep 2005
Face Value ₹2

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