Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Count Industries Ltd is a good quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indo Count Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 41.6% | 49.9% | 36.2% | 18.4% | 9.9% | 7.3% | 23.1% | 22.5% | 15.2% | 18.5% | - |
| Value Creation Index ⓘ | 2.0 | 2.6 | 1.6 | 0.3 | -0.3 | -0.5 | 0.7 | 0.6 | 0.1 | 0.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,717 | 2,063 | 2,153 | 1,859 | 1,934 | 2,080 | 2,519 | 2,842 | 3,012 | 3,557 | 3,784 |
| Sales YoY Gr. | - | 20.1% | 4.4% | -13.7% | 4.1% | 7.5% | 21.1% | 12.8% | 6% | 18.1% | - |
| Adj EPS ⓘ | 6.2 | 11.8 | 8.4 | 3.2 | 4.1 | 5.8 | 12.2 | 14.7 | 13.5 | 16.3 | 15.6 |
| YoY Gr. | - | 89.9% | -28.6% | -62.2% | 28% | 42.5% | 110.2% | 20.4% | -8% | 20.9% | - |
| BVPS (₹) ⓘ | 16 | 31.9 | 42.9 | 48.4 | 49.4 | 49.9 | 65.1 | 80.6 | 90.5 | 105.5 | 111 |
| Adj Net Profit ⓘ | 123 | 233 | 166 | 62.7 | 80.4 | 114 | 241 | 290 | 267 | 323 | 309 |
| Cash Flow from Ops. ⓘ | 236 | 153 | 216 | 42.3 | 215 | 140 | -19.7 | -37.1 | 755 | 146 | - |
| Debt/CF from Ops. ⓘ | 1.6 | 2.7 | 1.4 | 9.1 | 1.6 | 2.5 | -29.1 | -35.1 | 1.1 | 6.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.4% | 13% | 12.2% | 18.1% | ||||
| Adj EPS ⓘ | 11.3% | 32% | 10.2% | 20.9% | ||||
| BVPSⓘ | 23.3% | 16.4% | 17.5% | 16.5% | ||||
| Share Price | 15.4% | 46% | 6.9% | 15.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 34.3 | 44.2 | 22.5 | 7 | 8.3 | 11.7 | 21.2 | 20.2 | 15.8 | 16.7 | 14.4 |
| Op. Profit Mgn % ⓘ | 14.5 | 20.6 | 15 | 8.8 | 9.7 | 9.2 | 15.2 | 15.8 | 15.1 | 15.8 | 15.1 |
| Net Profit Mgn % ⓘ | 7.2 | 11.8 | 7.7 | 3.3 | 4.1 | 5.5 | 9.5 | 10.2 | 8.9 | 9.1 | 8.2 |
| Debt to Equity ⓘ | 1.2 | 0.7 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.8 | 0.5 | 0.4 | 0.1 |
| Working Cap Days ⓘ | 149 | 146 | 155 | 202 | 193 | 165 | 178 | 237 | 220 | 172 | 102 |
| Cash Conv. Cycle ⓘ | 54 | 72 | 98 | 128 | 121 | 106 | 113 | 148 | 141 | 117 | 41 |
Sales growth is growing at healthy rate in last 3 years 12.19%
Net Profit is growing at healthy rate in last 3 years 10.21%
Debt to equity has declined versus last 3 years average to 0.44
Sales growth is good in last 4 quarters at 18.41%
Return on Equity has declined versus last 3 years average to 14.40%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 15.7 | 15.6 |
| TTM Sales (₹ Cr.) | 3,594 | 3,784 |
| BVPS (₹.) ⓘ | 109.2 | 111 |
| Reserves (₹ Cr.) ⓘ | 2,123 | 2,159 |
| P/BV ⓘ | 2.91 | 2.87 |
| PE ⓘ | 20.27 | 20.37 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 254.50 / 450.45 |
| All Time Low / High (₹) | 0.52 / 450.45 |
| Market Cap (₹ Cr.) | 6,301 |
| Equity (₹ Cr.) | 39.6 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 26.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,717 | 2,063 | 2,153 | 1,859 | 1,934 | 2,080 | 2,519 | 2,842 | 3,012 | 3,557 |
| Operating Expenses ⓘ | 1,468 | 1,646 | 1,831 | 1,696 | 1,778 | 1,897 | 2,143 | 2,408 | 2,557 | 2,998 |
| Manufacturing Costs | 273 | 345 | 399 | 403 | 440 | 441 | 548 | 556 | 591 | 783 |
| Material Costs | 947 | 1,045 | 1,156 | 1,044 | 1,031 | 1,139 | 1,270 | 1,353 | 1,361 | 1,514 |
| Employee Cost | 70 | 90 | 107 | 117 | 135 | 136 | 135 | 164 | 242 | 283 |
| Other Costs ⓘ | 178 | 166 | 169 | 132 | 173 | 181 | 189 | 335 | 363 | 418 |
| Operating Profit ⓘ | 249 | 417 | 322 | 163 | 156 | 183 | 377 | 434 | 454 | 559 |
| Operating Profit Margin (%) | 14.5% | 20.2% | 15.0% | 8.7% | 8.1% | 8.8% | 15.0% | 15.3% | 15.1% | 15.7% |
| Other Income ⓘ | 65 | 48 | 109 | 100 | 10 | 55 | 38 | 140 | 31 | 44 |
| Interest ⓘ | 65 | 55 | 42 | 35 | 36 | 39 | 28 | 47 | 62 | 70 |
| Depreciation ⓘ | 16 | 30 | 33 | 33 | 35 | 43 | 43 | 41 | 65 | 83 |
| Exceptional Items ⓘ | -26 | 0 | 0 | 0 | 0 | -98 | -4 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 207 | 379 | 355 | 194 | 95 | 57 | 340 | 486 | 359 | 450 |
| Tax ⓘ | 61 | 128 | 121 | 69 | 36 | -16 | 90 | 127 | 82 | 112 |
| Profit After Tax | 146 | 251 | 234 | 125 | 60 | 73 | 249 | 359 | 277 | 338 |
| PAT Margin (%) | 8.5% | 12.2% | 10.9% | 6.7% | 3.1% | 3.5% | 9.9% | 12.6% | 9.2% | 9.5% |
| Adjusted EPS (₹) | 7.4 | 12.2 | 11.9 | 6.4 | 3.1 | 3.7 | 12.7 | 18.2 | 14.0 | 17.1 |
| Dividend Payout Ratio (%) | 0% | 3% | 7% | 13% | 20% | 16% | 12% | 11% | 14% | 13% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 424 | 630 | 846 | 956 | 975 | 986 | 1,285 | 1,591 | 1,793 | 2,089 |
| Share Capital ⓘ | 42 | 39 | 39 | 39 | 39 | 39 | 39 | 39 | 40 | 40 |
| Reserves ⓘ | 382 | 591 | 807 | 917 | 935 | 947 | 1,245 | 1,551 | 1,753 | 2,049 |
| Minority Interest | 6 | 8 | 8 | 7 | 7 | 7 | 6 | 0 | 0 | 0 |
| Debt | 343 | 394 | 304 | 371 | 314 | 329 | 556 | 1,273 | 795 | 855 |
| Long Term Debt | 67 | 57 | 21 | 49 | 57 | 36 | 19 | 85 | 198 | 136 |
| Short Term Debt | 276 | 336 | 282 | 322 | 257 | 293 | 537 | 1,188 | 596 | 719 |
| Trade Payables | 189 | 130 | 134 | 192 | 144 | 129 | 235 | 165 | 213 | 308 |
| Others Liabilities ⓘ | 280 | 229 | 232 | 173 | 185 | 245 | 214 | 233 | 248 | 317 |
| Total Liabilities ⓘ | 1,242 | 1,392 | 1,524 | 1,699 | 1,625 | 1,696 | 2,296 | 3,262 | 3,048 | 3,569 |
Fixed Assets | ||||||||||
| Gross Block | 707 | 827 | 898 | 937 | 999 | 1,043 | 1,048 | 1,114 | 1,641 | 1,958 |
| Accumulated Depreciation | 318 | 343 | 365 | 394 | 425 | 468 | 487 | 483 | 530 | 603 |
| Net Fixed Assetsⓘ | 388 | 484 | 533 | 543 | 574 | 575 | 561 | 631 | 1,110 | 1,355 |
| CWIP ⓘ | 15 | 11 | 12 | 24 | 16 | 6 | 8 | 24 | 183 | 35 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 46 | 0 | 167 | 2 | 143 | 133 |
| Inventories | 383 | 456 | 472 | 591 | 531 | 524 | 718 | 1,068 | 895 | 1,143 |
| Trade Receivables | 127 | 243 | 311 | 287 | 255 | 242 | 516 | 494 | 397 | 528 |
| Cash Equivalents | 51 | 29 | 19 | 25 | 34 | 150 | 40 | 400 | 108 | 103 |
| Others Assetsⓘ | 278 | 169 | 177 | 229 | 168 | 199 | 286 | 644 | 211 | 272 |
| Total Assets ⓘ | 1,242 | 1,392 | 1,524 | 1,699 | 1,625 | 1,696 | 2,296 | 3,262 | 3,048 | 3,569 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 236 | 153 | 216 | 42 | 215 | 140 | -20 | -37 | 755 | 146 |
| PBT ⓘ | 203 | 379 | 353 | 194 | 95 | 155 | 343 | 486 | 359 | 450 |
| Adjustment ⓘ | 98 | 78 | 68 | 65 | 23 | -82 | 141 | 102 | 105 | 125 |
| Changes in Working Capital ⓘ | -16 | -220 | -120 | -163 | 134 | 92 | -429 | -484 | 379 | -331 |
| Tax Paid ⓘ | -49 | -84 | -86 | -54 | -38 | -26 | -75 | -141 | -88 | -99 |
| Cash Flow From Investing Activity ⓘ | -103 | -113 | -78 | -52 | -101 | 16 | -189 | -258 | -474 | -98 |
| Capex | -85 | -122 | -85 | -56 | -59 | -33 | -33 | -444 | -339 | -135 |
| Net Investments | 0 | 0 | 0 | 0 | -46 | 46 | -166 | 169 | -142 | 10 |
| Others ⓘ | -18 | 9 | 7 | 3 | 4 | 3 | 10 | 17 | 7 | 27 |
| Cash Flow From Financing Activityⓘ | -114 | -61 | -148 | 17 | -106 | -40 | 185 | 646 | -574 | -47 |
| Net Proceeds from Shares ⓘ | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -30 | -12 | -36 | 27 | 9 | -21 | -17 | 66 | 113 | -50 |
| Interest Paid ⓘ | -65 | -55 | -42 | -35 | -36 | -39 | -28 | -46 | -63 | -68 |
| Dividend Paid ⓘ | 0 | -4 | -14 | -19 | -10 | -14 | -12 | -30 | -39 | -40 |
| Others ⓘ | -24 | 10 | -55 | 43 | -69 | 35 | 242 | 656 | -585 | 110 |
| Net Cash Flow ⓘ | 19 | -21 | -10 | 7 | 8 | 116 | -23 | 352 | -293 | 1 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 60.3 | 53.18 | 31.75 | 13.9 | 6.2 | 7.46 | 21.95 | 24.95 | 16.36 | 17.41 |
| ROCE (%) | 41.57 | 49.93 | 36.21 | 18.35 | 9.88 | 7.25 | 23.05 | 22.46 | 15.24 | 18.46 |
| Asset Turnover Ratio | 1.54 | 1.57 | 1.48 | 1.16 | 1.17 | 1.28 | 1.27 | 1.03 | 0.98 | 1.1 |
| PAT to CFO Conversion(x) | 1.62 | 0.61 | 0.92 | 0.34 | 3.58 | 1.92 | -0.08 | -0.1 | 2.73 | 0.43 | Working Capital Days |
| Receivable Days | 25 | 33 | 47 | 59 | 51 | 43 | 54 | 64 | 53 | 46 |
| Inventory Days | 77 | 74 | 79 | 104 | 105 | 91 | 89 | 113 | 116 | 102 |
| Payable Days | 75 | 56 | 42 | 57 | 59 | 44 | 52 | 54 | 51 | 63 |
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:
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
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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