MoneyWorks4Me analysed the past 10-year performance of Indo Count Industries Ltd and arrived at the following conclusion:
The 5-year analysis of Indo Count Industries Ltd's performance infers:
We analysed the performance of Indo Count Industries Ltd share prices over the last 10 years. Here is what we found out:
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
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:
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