Is Indo Count Industries Ltd (ICIL) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Count Industries Ltd is a good quality company .

Is Indo Count Industries Ltd (ICIL) undervalued or overvalued?

The key valuation ratios of Indo Count Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Indo Count Industries Ltd (ICIL) share price return in the past 10 years?

Indo Count Industries Ltd share price has appreciated 2% annually (CAGR) over the past ten years.

Is Indo Count Industries Ltd (ICIL) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indo Count Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Indo Count Industries Ltd (ICIL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Indo Count Industries Ltd (ICIL) on 13-Apr-2026 16:59:59 at 16:59 is 243.15.

What is the market cap of Indo Count Industries Ltd (ICIL)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 16:59, the market cap of Indo Count Industries stood at Rs. 4931.55 Cr.

What is the P/E ratio of Indo Count Industries?

The latest standalone P/E ratio of Indo Count Industries as of 13-Apr-2026 is 42.51.

What is the P/B ratio of Indo Count Industries Ltd (ICIL)?

The latest standalone P/B ratio of Indo Count Industries Ltd (ICIL) as of 13-Apr-2026 is 2.16.

What is the 52-week high and low of Indo Count Industries Ltd (ICIL)?

The 52-week high of Indo Count Industries Ltd (ICIL) is Rs. 350.70 and the 52-week low is Rs. 217.25.

What is the TTM revenue of Indo Count Industries Ltd (ICIL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Count Industries is Rs. 3205.33 (Cr.).

Indo Count Industries Ltd (ICIL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Indo Count Industries Ltd (ICIL)
Brand: Indo Count Industries

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	49.9%	36.2%	18.4%	9.9%	7.3%	23.1%	22.5%	15.2%	18.5%	14.1%	-
Value Creation Index ⓘ	2.6	1.6	0.3	-0.3	-0.5	0.7	0.6	0.1	0.4	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,063	2,153	1,859	1,934	2,080	2,519	2,842	3,012	3,557	4,151	4,106
Sales YoY Gr.	-	4.4%	-13.7%	4.1%	7.5%	21.1%	12.8%	6%	18.1%	16.7%	-
Adj EPS ⓘ	11.8	8.4	3.2	4.1	5.8	12.2	14.7	13.5	16.3	11.7	5.7
YoY Gr.	-	-28.6%	-62.2%	28%	42.5%	110.2%	20.4%	-8%	20.9%	-28.6%	-
BVPS (₹) ⓘ	31.9	42.9	48.4	49.4	49.9	65.1	80.6	90.5	105.5	115	117.8
Adj Net Profit ⓘ	233	166	62.7	80.4	114	241	290	267	323	231	112
Cash Flow from Ops. ⓘ	153	216	42.3	215	140	-19.7	-37.1	755	146	394	-
Debt/CF from Ops. ⓘ	2.7	1.4	9.1	1.6	2.5	-29.1	-35.1	1.1	6.3	3.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.1%	14.8%	13.5%	16.7%
Adj EPS ⓘ	-0.1%	15%	-7.4%	-28.6%
BVPSⓘ	15.3%	18.2%	12.6%	9%
Share Price	2%	14%	20.9%	-13.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	44.2	22.5	7	8.3	11.7	21.2	20.2	15.8	16.7	10.6	4.9
Op. Profit Mgn % ⓘ	20.6	15	8.8	9.7	9.2	15.2	15.8	15.1	15.8	12.8	9.4
Net Profit Mgn % ⓘ	11.8	7.7	3.3	4.1	5.5	9.5	10.2	8.9	9.1	5.6	2.7
Debt to Equity ⓘ	0.7	0.4	0.4	0.4	0.4	0.5	0.8	0.5	0.4	0.5	-
Working Cap Days ⓘ	146	155	202	193	165	178	237	220	172	173	96
Cash Conv. Cycle ⓘ	72	98	128	121	106	113	148	141	113	117	38

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.46%

Return on Equity has declined versus last 3 years average to 4.90%

Net Profit has been subdued in last 3 years -7.39%

Sales growth is not so good in last 4 quarters at -2.45%

	Standalone	Consolidated
TTM EPS (₹)	5.9	5.7
TTM Sales (₹ Cr.)	3,205	4,106
BVPS (₹) ⓘ	115.5	117.8
Reserves (₹ Cr.) ⓘ	2,249	2,293
P/BV ⓘ	2.16	2.11
PE ⓘ	42.51	43.85

From the Market
52 Week Low / High (₹)	217.25 / 350.70
All Time Low / High (₹)	0.52 / 450.45
Market Cap (₹ Cr.)	4,932
Equity (₹ Cr.)	39.6
Face Value (₹)	2
Industry PE ⓘ	32.8

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	2,063	2,153	1,859	1,934	2,080	2,519	2,842	3,012	3,557	4,151
Operating Expenses ⓘ +	1,646	1,831	1,696	1,778	1,897	2,143	2,408	2,557	2,998	3,622
Manufacturing Costs	345	399	403	440	441	548	556	591	783	857
Material Costs	1,045	1,156	1,044	1,031	1,139	1,270	1,353	1,361	1,514	1,849
Employee Cost	90	107	117	135	136	135	164	242	283	403
Other Costs ⓘ	166	169	132	173	181	189	335	363	418	513
Operating Profit ⓘ	417	322	163	156	183	377	434	454	559	530
Operating Profit Margin (%)	20.2%	15.0%	8.7%	8.1%	8.8%	15.0%	15.3%	15.1%	15.7%	12.8%
Other Income ⓘ +	48	109	100	10	55	38	140	31	44	44
Exceptional Items ⓘ	0	0	0	0	-98	-4	0	0	0	0
Interest ⓘ	55	42	35	36	39	28	47	62	70	123
Depreciation ⓘ	30	33	33	35	43	43	41	65	83	117
Profit Before Tax ⓘ	379	355	194	95	57	340	486	359	450	334
Tax ⓘ	128	121	69	36	-16	90	127	82	112	88
Profit After Tax	251	234	125	60	73	249	359	277	338	246
PAT Margin (%)	12.2%	10.9%	6.7%	3.1%	3.5%	9.9%	12.6%	9.2%	9.5%	5.9%
Adjusted EPS (₹)	12.2	11.9	6.4	3.1	3.7	12.7	18.2	14.0	17.1	12.4
Dividend Payout Ratio (%)	3%	7%	13%	20%	16%	12%	11%	14%	13%	16%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	630	846	956	975	986	1,285	1,591	1,793	2,089	2,278
Share Capital ⓘ	39	39	39	39	39	39	39	40	40	40
Reserves ⓘ	591	807	917	935	947	1,245	1,551	1,753	2,049	2,238
Debt +	394	304	371	314	329	556	1,273	795	855	1,150
Long Term Debt	57	21	49	57	36	19	85	198	136	270
Short Term Debt	336	282	322	257	293	537	1,188	596	719	880
Minority Interest	8	8	7	7	7	6	0	0	0	0
Trade Payables	130	134	192	144	129	235	165	213	308	231
Others Liabilities ⓘ	229	232	173	185	245	214	233	248	317	601
Total Liabilities ⓘ	1,392	1,524	1,699	1,625	1,696	2,296	3,262	3,048	3,569	4,260
Fixed Assets
Net Fixed Assets ⓘ +	484	533	543	574	575	561	631	1,110	1,355	1,890
Gross Block	827	898	937	999	1,043	1,048	1,114	1,641	1,958	2,598
Accumulated Depreciation	343	365	394	425	468	487	483	530	603	708
CWIP ⓘ	11	12	24	16	6	8	24	183	35	50
Investments ⓘ	0	0	0	46	0	167	2	143	133	135
Inventories	456	472	591	531	524	718	1,068	895	1,143	1,163
Trade Receivables	243	311	287	255	242	516	494	397	452	592
Cash Equivalents	29	19	25	34	150	40	400	108	103	117
Others Assets ⓘ	169	177	229	168	199	286	644	211	349	313
Total Assets ⓘ	1,392	1,524	1,699	1,625	1,696	2,296	3,262	3,048	3,569	4,260

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	153	216	42	215	140	-20	-37	755	146	394
PBT ⓘ	379	353	194	95	155	343	486	359	450	334
Adjustment ⓘ	78	68	65	23	-82	141	102	105	125	216
Changes in Working Capital ⓘ	-220	-120	-163	134	92	-429	-484	379	-331	-55
Tax Paid ⓘ	-84	-86	-54	-38	-26	-75	-141	-88	-99	-101
Cash Flow From Investing Activity ⓘ +	-113	-78	-52	-101	16	-189	-258	-474	-98	-485
Capex	-122	-85	-56	-59	-33	-33	-444	-339	-135	-251
Net Investments	-0	-0	-0	-46	46	-166	169	-142	10	-0
Others ⓘ	9	7	3	4	3	10	17	7	27	-234
Cash Flow From Financing Activity ⓘ +	-61	-148	17	-106	-40	185	646	-574	-47	105
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-12	-36	27	9	-21	-17	66	113	-50	142
Interest Paid ⓘ	-55	-42	-35	-36	-39	-28	-46	-63	-68	-120
Dividend Paid ⓘ	-4	-14	-19	-10	-14	-12	-30	-39	-40	-44
Others ⓘ	10	-55	43	-69	35	242	656	-585	110	126
Net Cash Flow ⓘ	-21	-10	7	8	116	-23	352	-293	1	14

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	53.18	31.75	13.9	6.2	7.46	21.95	24.95	16.36	17.41	11.27
ROCE (%)	49.93	36.21	18.35	9.88	7.25	23.05	22.46	15.24	18.46	14.06
Asset Turnover Ratio	1.57	1.48	1.16	1.17	1.28	1.27	1.03	0.98	1.1	1.08
PAT to CFO Conversion(x)	0.61	0.92	0.34	3.58	1.92	-0.08	-0.1	2.73	0.43	1.6
Working Capital Days
Receivable Days	33	47	59	51	43	54	64	53	42	45
Inventory Days	74	79	104	105	91	89	113	116	102	100
Payable Days	56	42	57	59	44	52	54	51	63	53

About Indo Count Industries Ltd

Indo Count Industries was originally incorporated in 1988 as a public limited company by the name of Vishnu Aluminium Ltd. and changed its name to present in March 1990. A Fresh Certificate of Incorporation was issued on April 20, 1990. The company was promoted by Anil Kumar Jain, Sunil Jain and associates. Indo Count Industries Ltd. is engaged in the manufacturing of 100% grey combed cotton yarn and knitted fabric.

The Spinning and Knitting mill of the company commenced production of combed cotton yarn with a capacity of 12096 spindles in 1991. The plant is located at Kolhapur in South West of India, an area having a strong textile culture and is ideally placed in close proximity to India's cotton growing belt. Latest machines have been imported from Rieter, Schlafhorst, Volkmann, Mayer & Cie, Luwa and Uster.

Indo Countâ€™s performance has been a revelation. Plant capacity has made a quantum jump from a moderate 12096 spindles in 1991 to the present 56448 spindles and has also diversified into Dyed Yarns, Corespun Yarns and Knitted Fabrics. All this has been achieved against a back drop of world wide recessionary pressures.

As an ISO 9002 and 100% Export Oriented Unit, Indo Countâ€™s customer base has widely expanded and it has carved a brand presence in all the major markets like UK, Italy, Germany, Switzerland, Scandinavia, Israel, Canada, Chile, Japan and South Korea which are some of the many. Indo Count yarn is known as 'Rieter Yarn', a status which was conferred by Rieter Machine Works Ltd. This authorization was based on the Swiss company's appraisal that Indo Count's machinery is well maintained and that the quality levels are consistent. The company had a business opportunity in television manufacturing. It started manufacturing for LG, Samsung and TCL.

Expanding its gamut of operations Indo Count set up a manufacturing unit for world-class home textiles, â€˜Home Textiles Divisionâ€™. It commenced its operations in May 2006.The unit is engaged in manufacturing of Bed Sheet Sets, Pillow Cases, Duvet covers, Comforters, Window Covering and Hospital Linen.

Product range of the company includes:

Cotton yarn
Knitted fabrics
Dyed yarn and core-spun yarn

Indo Count is manufacturing 100% cotton yarns and knitted fabric of the highest international quality standards. All the goods are being exported since the inception. The yarns are used for both knitting and weaving by some of the best names in the industry

Awards/ Recognition

An ISO 9002 certified company

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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Indo Count Industries Ltd (ICIL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

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