Indo Count Industries rises on getting nod to expand bed linen capacity

Indo Count Industries Ltd. | Textile | Textiles & Apparels | BSE: 521016 | NSE: ICIL

19 Mar 2021 Evaluate

Indo Count Industries is currently trading at Rs. 115.60, up by 1.80 points or 1.58% from its previous closing of Rs. 113.80 on the BSE.

The scrip opened at Rs. 119.20 and has touched a high and low of Rs. 120.00 and Rs. 113.40 respectively. So far 16189 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 171.75 on 08-Dec-2020 and a 52 week low of Rs. 21.85 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 126.15 and Rs. 113.00 respectively. The current market cap of the company is Rs. 2277.99 crore.

The promoters holding in the company stood at 58.94%, while Institutions and Non-Institutions held 9.44% and 31.62% respectively.

Indo Count Industries’ board has approved expansion of its bed linen capacity by around 20% from its existing annual capacity of 90 Mn meters to 108 Mn meters by debottlenecking and balancing its facilities. Further, the company proposes to make a brownfield investment for adding commensurate cut & sew facilities and for enhancing the capacity for Top of the Bed (TOB) products. This will entail a capex of around Rs 150 crore.

The existing spinning unit will also be modernized with compact spinning technology. This will entail a capex of Rs 50 crore. Post modernization, this capacity will also be used for captive consumption in the company's home textiles unit. The total capex will be Rs 200 crore and will be funded by a mix of internal accruals and debt and is expected to be operational in H2 of FY 2022. The Project Management Committee of the Board of Directors of the company at its meeting held today i.e. on March 18, 2021 has approved the same.

Indo Count Industries is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric. Its product range includes Cotton yarn, Knitted fabrics and Dyed yarn and core-spun yarn.

Indo Count Inds Share Price

306.05 14.80 (5.08%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Welspun Living	133.75
Vardhman Textiles	580.60
Arvind	435.40
K.P.R. Mill	954.80
Page Industries	37326.50
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