Indo Count Industries Ltd Stock Analysis

BSE: 521016 | NSE: ICIL | Textile | Mid Cap

BSE Share Price Jan 17, 13:07
267.40 -0.55 (-0.21%)

DeciZen - Make an Informed Decision on Indo Count Inds

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

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.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indo Count Industries Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 3%11.6%19.7%21.4%29.8%17.7%6.9%7.9%10.7%16.3%-
Value Creation Index -0.8-0.20.40.51.10.3-0.5-0.4-0.20.2-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 7801,1871,4681,7172,0632,1531,8591,9342,0802,5192,926
YoY Gr. Rt. %-52.2%23.7%17%20.1%4.4%-13.7%4.1%7.5%21.1%-
Adj EPS -0.51.85.56.112.18.43.24.15.812.217.9
YoY Gr. Rt. %-NA208.5%11.2%99.3%-30.4%-62.2%28%42.5%110.2%-
BVPS (₹) 1.93.49.51631.942.948.449.449.965.173.2
Adj Net Profit -831.496.812023916662.780.4114241353
Cash Flow from Ops. 45.118.734.223615321642.3215140-16.3-
Debt/CF from Ops. 7.92212.71.62.71.49.11.62.5-35.1-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 13.9%4.1%10.7%21.1%
Adj EPS NA0.2%56.5%110.2%
BVPS 48.415.310.330.3
Share Price 67.4% 8.3% 70.1% 83.4%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % -4.316.839.733.545.322.578.311.721.225.9
Op. Profit Mgn % 5.28.911.414.520.6158.89.79.215.218.9
Net Profit Mgn % -12.76.6711.67.73.34.15.59.512.1
Debt to Equity 106.62.51.20.70.40.40.40.40.50.1
Working Cap Days 121110131149147155203194165172244
Cash Conv. Cycle 403443547298128122106113122

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 25.90%

Sales growth is growing at healthy rate in last 3 years 10.67%

Net Profit is growing at healthy rate in last 3 years 56.50%

Sales growth is good in last 4 quarters at 53.52%

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Latest Financials - Indo Count Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 18 17.9
TTM Sales (₹ Cr.) 2,947 2,926
BVPS (₹.) 72.6 73.2
Reserves (₹ Cr.) 1,394 1,406
P/BV 3.69 3.67
PE 14.91 15.02
From the Market
52 Week Low / High (₹) 113.00 / 314.80
All Time Low / High (₹) 0.52 / 314.80
Market Cap (₹ Cr.) 5,289
Equity (₹ Cr.) 39.5
Face Value (₹) 2
Industry PE 15.4

Management X-Ray:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Analyst's Notes

News

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 Count’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 Count’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, ‘Home Textiles Division’. 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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