Indo Count Industries Ltd - Stock Valuation and Financial Performance

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

Indo Count Inds Share Price

391 -0.65 -0.17%
as on 18-May'24 11:59

DeciZen - make an informed investing decision on Indo Count Inds

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Indo Count Industries stock performance -

mw4me loader
P/E Ratio (CD):
22.77
Market Cap:
7,756.8 Cr.
52-wk low:
152.8
52-wk high:
405.9

Is Indo Count Industries Ltd an attractive stock to invest in?

1. Is Indo Count Industries Ltd a good quality company?

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

2. Is Indo Count Industries Ltd 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.

3. Is Indo Count Industries Ltd a good buy now?

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

10 Year X-Ray of Indo Count Inds:

Analysis of Financial Track Record

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

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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 20.2%21.8%29.2%17.7%6.9%7.9%10.7%16.3%13.6%11.3%-
Value Creation
Index
0.40.61.10.3-0.5-0.4-0.20.20.0-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,4681,7172,0632,1531,8591,9342,0802,5192,8423,0123,271
Sales YoY Gr.-17%20.1%4.4%-13.7%4.1%7.5%21.1%12.8%6%-
Adj EPS 5.76.211.88.43.24.15.812.214.713.517.2
YoY Gr.-9.9%89.9%-28.6%-62.2%28%42.5%110.2%20.4%-8%-
BVPS (₹) 9.51631.942.948.449.449.965.180.690.5100.9
Adj Net
Profit
10012323316662.780.4114241290267341
Cash Flow from Ops. 34.223615321642.3215140-19.7-37.1767-
Debt/CF from Ops. 12.71.62.71.49.11.62.5-29.1-35.11.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.3%10.1%13.1%6%
Adj EPS 10.2%33.5%32.5%-8%
BVPS28.5%13.3%21.9%12.3%
Share Price 43.8% 59.3% 36.9% 137%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
41.234.344.222.578.311.721.220.215.818
Op. Profit
Mgn %
11.414.520.6158.89.79.215.215.815.116.4
Net Profit
Mgn %
6.97.211.87.73.34.15.59.510.28.910.4
Debt to
Equity
2.51.20.70.40.40.40.40.50.80.5-
Working Cap
Days
13114914615520219316517823722089
Cash Conv.
Cycle
4354729812812110611314814140

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.13%

Net Profit is growing at healthy rate in last 3 years 32.53%

Debt to equity has declined versus last 3 years average to 0.47

Sales growth is good in last 4 quarters at 14.24%

Return on Equity has declined versus last 3 years average to 18.00%

Latest Financials - Indo Count Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 15.2 17.2
TTM Sales (₹ Cr.) 3,018 3,271
BVPS (₹.) 98.7 100.9
Reserves (₹ Cr.) 1,915 1,959
P/BV 3.97 3.88
PE 25.71 22.77
From the Market
52 Week Low / High (₹) 152.80 / 405.90
All Time Low / High (₹) 0.52 / 405.90
Market Cap (₹ Cr.) 7,757
Equity (₹ Cr.) 39.6
Face Value (₹) 2
Industry PE 27.5

Management X-Ray of Indo Count Inds:

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

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Analyst's Notes

Key Ratios of Indo Count Inds

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,4681,7172,0632,1531,8591,9342,0802,5192,8423,012
Operating Expenses 1,3091,4681,6461,8311,6961,7781,8972,1432,4082,557
Manufacturing Costs231273345399403440441548556591
Material Costs8909471,0451,1561,0441,0311,1391,2701,3531,361
Employee Cost 587090107117135136135164242
Other Costs 129178166169132173181189335363
Operating Profit 159249417322163156183377434454
Operating Profit Margin (%) 10.8%14.5%20.2%15.0%8.7%8.1%8.8%15.0%15.3%15.1%
Other Income 30654810910010553814031
Interest 50655542353639284762
Depreciation 20163033333543434165
Exceptional Items 0-260000-98-400
Profit Before Tax 1202073793551949557340486359
Tax 9611281216936-169012782
Profit After Tax 1101462512341256073249359277
PAT Margin (%) 7.5%8.5%12.2%10.9%6.7%3.1%3.5%9.9%12.6%9.2%
Adjusted EPS (₹)6.27.412.211.96.43.13.712.718.214.0
Dividend Payout Ratio (%)0%0%3%7%13%20%16%12%11%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2894246308469569759861,2851,5911,793
Share Capital 38423939393939393940
Reserves 2513825918079179359471,2451,5511,753
Minority Interest5688777600
Debt3963433943043713143295561,273795
Long Term Debt976757214957361985198
Short Term Debt2992763362823222572935371,188596
Trade Payables200189130134192144129235165225
Others Liabilities 107280229232173185245214233248
Total Liabilities 9981,2421,3921,5241,6991,6251,6962,2963,2623,060

Fixed Assets

Gross Block6427078278989379991,0431,0481,1141,641
Accumulated Depreciation296318343365394425468487483530
Net Fixed Assets3463884845335435745755616311,110
CWIP 015111224166824183
Investments 000004601672143
Inventories3463834564725915315247181,068895
Trade Receivables109127243311287255242516494409
Cash Equivalents 31512919253415040400108
Others Assets165278169177229168199286644211
Total Assets 9981,2421,3921,5241,6991,6251,6962,2963,2623,060

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 3423615321642215140-20-37767
PBT 11720337935319495155343486359
Adjustment 499878686523-82141102105
Changes in Working Capital -110-16-220-120-16313492-429-484391
Tax Paid -23-49-84-86-54-38-26-75-141-88
Cash Flow From Investing Activity 2-103-113-78-52-10116-189-258-486
Capex -18-85-122-85-56-59-33-33-444-351
Net Investments -20000-4646-166169-142
Others 22-189734310177
Cash Flow From Financing Activity -13-114-61-14817-106-40185646-574
Net Proceeds from Shares 0500000000
Net Proceeds from Borrowing -39-30-12-36279-21-1766113
Interest Paid -50-65-55-42-35-36-39-28-46-63
Dividend Paid 00-4-14-19-10-14-12-30-39
Others 75-2410-5543-6935242656-585
Net Cash Flow 2319-21-1078116-23352-293
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)96.4660.353.1831.7513.96.27.4621.9524.9416.36
ROCE (%)31.3341.5749.9336.2118.359.887.2523.0522.4615.24
Asset Turnover Ratio1.641.541.571.481.161.171.281.271.030.98
PAT to CFO Conversion(x)0.311.620.610.920.343.581.92-0.08-0.12.77
Working Capital Days
Receivable Days24253347595143546453
Inventory Days727774791041059189113116
Payable Days79755642575944525452

Indo Count Industries Ltd Stock News

Indo Count Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indo Count Inds on 18-May-2024 11:59 is ₹391.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-May-2024 11:59 the market cap of Indo Count Inds stood at ₹7,756.8.
The latest P/E ratio of Indo Count Inds as of 18-May-2024 11:59 is 25.71.
The latest P/B ratio of Indo Count Inds as of 18-May-2024 11:59 is 3.97.
The 52-week high of Indo Count Inds is ₹405.9 and the 52-week low is ₹152.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Count Inds is ₹3,018 ( Cr.) .

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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