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Indo Count Industries Ltd Stock Analysis

Mid Cap
Evaluated by 1927 users | BSE: 521016 | NSE: ICIL |
Textile
1. Right Stock
Very Good
2. Right Price
3. Right Time

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
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 3.03%11.59%19.67%21.43%29.82%17.69%6.93%7.9%10.67%16.25%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 7801,1871,4681,7172,0632,1531,8591,9342,0802,5192,901
Y-o-Y Gr. Rt.-52.2%23.7%17%20.1%4.4%-13.7%4.1%7.5%21.1%-
Adjusted EPS (Rs.) -0.451.775.466.0712.18.423.184.075.812.1917.73
Y-o-Y Gr. Rt.-NA208.5%11.2%99.3%-30.4%-62.2%28%42.5%110.2%-
Book Value per Share (Rs.) 1.863.49.515.9731.9442.8548.4449.3649.9365.0671.01
Adjusted Net Profit -831.496.812023916662.780.4114241350
Net Op. Cash Flow (Rs. Cr.) 45.118.734.223615321642.3215140-16.3-
Debt to Cash Flow from Ops 7.8921.9512.71.622.681.449.071.572.5-35.11-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indo Count Industries Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.9%4.1%10.7%21.1%
Adjusted EPS NA0.2%56.5%110.2%
Book Value per Share 48.415.310.330.3
Share Price 64.9% 14% 59.8% 127.6%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) -4.2816.7739.7333.5245.3222.526.968.3311.6721.226.06
Operating Profit Margin (%) 5.238.9111.4414.4920.615.028.89.659.2415.1518.58
Net Profit Margin (%) -1.042.666.62711.587.713.334.145.479.512.06
Debt to Equity 10.016.552.541.210.650.370.40.350.350.45-
Working Capital Days 121110131149147155203194165172-
Cash Conversion Cycle 403443547298128122106113-
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Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 58.94%
Institutions 9.82%
Non-Institutions 31.24%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Count Industries Ltd is a good quality company.

Indo Count Industries Ltd's earnings have grown by 0.2%, whereas share price has appreciated 14% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

Indo Count Industries Ltd share price has appreciated 64.9% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Indo Count Industries Ltd is a good long term investment. However, you need to ensure you buy at a right price to earn good returns.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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