MarketFriction

Indo Count Industries Ltd

NSE ICIL · BSE 521016 · Other Textile Products
₹443.65 -3.64%
NSE close2026-10-01
52 week range216.90 - 485.95
Market cap₹8,614 Cr.
P/E57.1
Microcap 250 Price band 20% Delivery 38.7%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,0097131,0939411,0361,1521,0239591,0621,0631,0581,207
Expenses8446099287968791,0069338489589729711,064
Operating Profit165104165145157146901111049186143
OPM %16%15%15%15%15%13%9%12%10%9%8%12%
Other Income2514099166919113017
Interest181820213036363132304432
Depreciation202222252532343839394345
Profit before tax1517912410811095265152343084
Tax %24%26%26%28%27%25%18%23%25%27%20%24%
Net Profit1145892788071213939242463
EPS in Rs5.772.934.643.934.063.571.061.971.971.231.223.19
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,0632,1531,8591,9342,0802,5192,8423,0123,5574,1514,1414,390
Expenses1,6461,8281,6961,7781,8972,1412,4032,5562,9953,6133,7473,965
Operating Profit417325163156183379439455562538394424
OPM %20%15%9%8%9%15%15%15%16%13%10%10%
Other Income481039910-44321353041386778
Interest554235363928476270123136136
Depreciation303333354343416583116159167
Profit before tax3793531949557340486359450338166199
Tax %34%34%36%37%-29%27%26%23%25%26%24%
Net Profit2512321256073249359277338250127151
EPS in Rs12.7411.766.393.053.7412.7018.1713.9717.0612.626.407.61
Dividend Payout %3%7%13%20%16%12%11%14%13%16%23%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%10%11%5%
Compounded Profit Growth-7%-13%-23%-29%
Stock Price CAGR12%9%25%61%
Return on Equity15%14%11%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital393939393939393940404040
Reserves3825918079179359471,2451,5511,7532,0492,2422,316
Borrowings3864093113843373495771,3198769561,4481,342
Other Liabilities435352367359313361433352379524526794
Total Liabilities1,2421,3921,5241,6991,6251,6962,2963,2623,0483,5694,2554,491
Fixed Assets3884845335435745755616311,1101,3551,8952,084
CWIP1511122416682418335505
Investments00004601672143133139190
Other Assets8398989791,1329881,1151,5602,6061,6112,0462,1712,212
Total Assets1,2421,3921,5241,6991,6251,6962,2963,2623,0483,5694,2554,491
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity23615321642215140-20-37755146394573
Cash from Investing Activity-103-113-78-52-10116-189-258-474-98-485-217
Cash from Financing Activity-114-61-14817-106-40185646-574-47105-349
Net Cash Flow19-21-1078116-23352-2931147
Free Cash Flow15131128-14155107-56-48941611143372
CFO/OP115%57%93%59%162%90%15%24%185%44%92%157%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days274353564843756348465245
Inventory Days148159149206188168206288240275229241
Days Payable966761675141674557744672
Cash Conversion Cycle79136141196185169214307231248235215
Working Capital Days1544731069164894461745760
ROCE %39%47%36%18%10%15%23%22%15%18%14%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%
FIIs10.24%10.66%10.74%10.69%10.69%10.35%10.12%9.89%9.98%9.86%9.86%10.14%
DIIs0.12%0.79%1.06%2.16%3.67%4.57%4.96%5.15%5.31%6.03%5.72%5.82%
Public30.88%29.80%29.45%28.40%26.89%26.34%26.18%26.22%25.95%25.37%25.66%25.30%
No. of Shareholders61,81367,62673,38469,11077,05374,18973,38077,26478,85476,46277,25875,948

Fundamentals

Market Cap₹ 8,614 Cr.
Current Price₹ 435
Stock P/E57.1
Book Value₹ 119
ROCE8.19 %
ROE5.52 %
Dividend Yield0.34 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-29%
Consolidated figures.
Valuation
Market capRs 8,787 Cr
Enterprise valueRs 10,005 Cr
P/E (TTM)58.24x
Price to book3.73x
Price to sales2.00x
EV / EBITDA19.92x
EV / EBIT29.80x
EV / sales2.28x
Price to cash flow15.34x
Earnings yield1.72%
Dividend yield0.34%
P/E, 3-year average26.63x
P/B, 3-year average2.55x
P/E, 5-year average19.33x
P/B, 5-year average2.17x
Profitability
Operating margin (excl. other income)9.53%
Operating margin (incl. other income)11.14%
EBITDA margin11.44%
Pre-tax margin4.54%
Net profit margin3.44%
Net margin, latest quarter5.24%
ROE5.46%
ROCE8.14%
ROA2.90%
ROE, 3-year average11.44%
ROCE, 3-year average13.32%
ROA, 3-year average6.50%
ROE, 5-year average15.12%
ROCE, 5-year average15.48%
ROA, 5-year average8.24%
ROIC (approx.)7.16%
Tax rate23.80%
Other income / net worth2.84%
Growth
Sales growth (latest year)-0.24%
Profit growth (latest year)-49.33%
Sales CAGR, 3 years11.20%
Sales CAGR, 5 years10.45%
Profit CAGR, 3 years-22.93%
Profit CAGR, 5 years-12.76%
Sales growth QoQ14.11%
Profit growth QoQ161.24%
Sales growth YoY (latest quarter)25.89%
Profit growth YoY (latest quarter)62.02%
Per share
EPS (TTM)Rs 7.62
EPS (latest year)Rs 6.40
EPS (latest quarter)Rs 3.19
EPS, 3-year averageRs 12.03
EPS, 5-year averageRs 13.64
Book value per shareRs 118.92
Sales per shareRs 221.64
Cash flow per shareRs 28.92
Free cash flow per shareRs 18.78
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.90
Dividend per share, 5-year averageRs 1.94
Dividends
Dividend payout23.45%
Dividend payout, 3-year average17.40%
Dividend payout, 5-year average15.50%
Efficiency
Asset turnover0.92x
Fixed asset turnover1.99x
Inventory turnover2.10x
Inventory days173 days
Debtor days45 days
Debtors turnover8.07x
Creditor days72 days
Cash conversion cycle215 days
Working capital days60 days
Leverage
Total debtRs 1,342 Cr
Cash and bankRs 124 Cr
Net debtRs 1,219 Cr
Debt to equity0.57x
Net debt / EBITDA2.43x
Interest coverage2.46x
Current ratio (filing 2026-03-31)1.71x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 372 Cr
Owners' fund to total sources52.44%
Debt to assets29.89%
Cash flow
Cash from Operating Activity (latest year)Rs 573 Cr
Cash from Investing Activity (latest year)Rs -217 Cr
Cash from Financing Activity (latest year)Rs -349 Cr
Net Cash Flow (latest year)Rs 7 Cr
Free cash flow (latest year)Rs 372 Cr
FCFE (approx.: FCF + change in debt)Rs 267 Cr
Cash from ops / profit, 5 years1.36x
Sales to cash flow7.23x
Statement figures
Net sales (TTM)Rs 4,390 Cr
Net sales (latest year)Rs 4,141 Cr
Sales (latest quarter)Rs 1,207 Cr
Operating profit excl. other income (latest year)Rs 394 Cr
Operating profit (latest quarter)Rs 143 Cr
Other income (TTM)Rs 78 Cr
EBITDA (TTM)Rs 502 Cr
PBDT (TTM)Rs 366 Cr
Profit before tax (TTM)Rs 199 Cr
Tax (latest year)Rs 40 Cr
Net profit (TTM)Rs 151 Cr
Net profit (latest year)Rs 127 Cr
Net profit (latest quarter)Rs 63 Cr
Depreciation (TTM)Rs 167 Cr
Depreciation (latest quarter)Rs 45 Cr
Interest (TTM)Rs 136 Cr
Cost of goods sold (latest year)Rs 2,633 Cr
Total expenditure (latest year)Rs 3,747 Cr
Total income (latest year)Rs 4,208 Cr
Share capitalRs 40 Cr
ReservesRs 2,316 Cr
Shareholders' fundsRs 2,355 Cr
Total assetsRs 4,491 Cr
Net blockRs 2,084 Cr
Capital work in progressRs 5 Cr
InvestmentsRs 190 Cr
ReceivablesRs 513 Cr
InventoryRs 1,251 Cr
Other liabilitiesRs 794 Cr
Shares outstanding (crore)19.81
Ownership
Promoter holding58.74% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 58.2 is at the 96th percentile of its own 9.4-year range (median 16.5, low 5.8, high 68.5).
P/B 3.73 is at the 88th percentile (median 2.42).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodICILNifty 50Difference
1 week-1.6%-2.8% +1.2 pts
1 month+2.4%-6.8% +9.1 pts
3 months+4.0%-7.6% +11.6 pts
6 months+77.8%+0.4% +77.4 pts
1 year+59.8%-9.9% +69.7 pts
2 years+15.9%-13.6% +29.4 pts
3 years+98.5%+14.2% +84.4 pts
5 years+59.0%+27.9% +31.1 pts
18 mutual fund schemes hold about ₹509 Cr. Over three months 6 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HSBC Small Cap Fund1.17%223 -4%
HSBC Value Fund0.71%110 +23%
Quant Multi Cap Fund0.56%43 +4%
HSBC India Export Opportunities Fund2.38%32 -17%
UTI Small Cap Fund0.51%27 +52%
HSBC Business Cycles Fund1.20%15 -1%
JM Value Fund1.72%14 -26%
JM Small Cap Fund1.41%13 -26%
Bajaj Finserv Small Cap Fund0.45%12 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.39%10 -4%
Union Business Cycle Fund1.27%6 +221%
JioBlackRock Flexi Cap Fund0.09%3 +100%
Bajaj Finserv ELSS-Tax Saver Fund2.30%2 +100%
Groww Nifty Total Market Index Fund0.02%0 +2%
Angel One Nifty Total Market Index Fund0.02%0 +2%
Mirae Asset Nifty Total Market Index Fund0.02%0 +2%
Bandhan Nifty Total Market Index Fund0.02%0 +2%
Motilal Oswal BSE 1000 Index Fund0.02%0 +2%

Red flags

F-score 5 of 8
lookProfit leans on other income Other income was 40% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,207 Cr +25.9% vs Jun 2025. Net profit ₹63 Cr +61.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-17Dividend - Rs 1.50 Per Share
2025-08-11Dividend - Rs 2 Per Share
2024-07-24Annual General Meeting/Dividend - Rs 2.20 Per Share
2023-08-11Annual General Meeting/Dividend - Rs 2 Per Share
2022-09-19Dividend - Rs 2 Per Share
2021-08-26 Dividend - Rs 1.50 Per Share
2020-07-22 Dividend - Rs 0.60 Per Share
2019-08-01 Dividend - Rs 0.60 Per Share
2018-08-30 Dividend Re 0.40 Per Share
2018-02-22 Interim Dividend - Re 0.40 Per Share (Purpose Revised)
2017-08-07 Annual General Meeting/Dividend - Re 0.40 Per Share
2017-02-22 Interim Dividend Re 0.40 Per Share
2016-11-11 Fv Splt Frm Rs 10 To Rs 20.2000
2016-07-15 Annual General Meeting/Dividend - Re 1/- Per Share
2015-11-03 Interim Dividend - Re 1/- Per Share
2015-08-13 Annual General Meeting
2014-08-12Annual General Meeting
2013-07-16Annual General Meeting
2012-08-14Annual General Meeting
2011-07-20Annual General Meeting
2010-07-21Annual General Meeting
2009-09-17Annual General Meeting
2008-09-26Annual Book Closure
2007-09-19Agm
2006-08-09Agm
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Indo Count Industries Ltd?

Indo Count Industries Ltd (ICIL) has a market capitalisation of Rs 8,614 Cr. at the 2026-10-01 close.

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

Indo Count Industries Ltd trades at a P/E of 57.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indo Count Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Indo Count Industries Ltd sales was Rs 1,207 Cr (+25.9% vs Jun 2025) and net profit was Rs 63 Cr.

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

The 52-week high is Rs 485.95 and the 52-week low is Rs 216.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03