Indo Count Industries Ltd

Indo Count Industries Ltd

₹ 326 -3.66%
04 Mar 4:01 p.m.
About

Indo Count Industries Limited (ICIL) is engaged in the home textiles & bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts. [1] It is the largest global bed linen player.

Key Points

Products
The comprehensive product portfolio in the premium segment comprises bed sheets, fashion bedding, utility bedding, and institutional bedding. It is the Largest Global Home Textile Bed Linen Company. [1] The company has invested Rs. 1000 crs. in last few yrs. to build capacities.[2]

  • Market Cap 6,452 Cr.
  • Current Price 326
  • High / Low 365 / 101
  • Stock P/E 18.9
  • Book Value 98.0
  • Dividend Yield 0.61 %
  • ROCE 15.1 %
  • ROE 16.3 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 62.6 to 49.6 days.

Cons

  • The company has delivered a poor sales growth of 10.1% over past five years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
792 705 759 767 787 690 722 849 657 810 747 1,009 713
649 599 581 628 641 558 581 729 584 663 616 844 609
Operating Profit 143 106 178 139 146 132 141 120 73 147 130 165 104
OPM % 18% 15% 23% 18% 19% 19% 20% 14% 11% 18% 17% 16% 15%
-0 -0 -0 -0 -21 -0 -0 -0 5 -0 -0 25 14
Interest 7 11 12 12 15 8 14 21 20 7 15 18 18
Depreciation 11 10 10 10 10 11 16 15 16 16 19 20 22
Profit before tax 125 85 156 117 100 113 110 84 41 123 97 151 79
Tax % 26% 32% 25% 28% 29% 25% 30% 20% 9% 23% 24% 24% 26%
93 58 117 85 71 85 77 67 38 95 74 114 58
EPS in Rs 4.71 2.93 5.95 4.30 3.61 4.31 3.91 3.39 1.90 4.78 3.72 5.77 2.93
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
780 1,187 1,468 1,717 2,063 2,153 1,859 1,934 2,080 2,519 2,842 3,012 3,279
744 1,097 1,306 1,468 1,646 1,828 1,696 1,778 1,897 2,141 2,403 2,556 2,733
Operating Profit 36 90 161 249 417 325 163 156 183 379 439 455 546
OPM % 5% 8% 11% 14% 20% 15% 9% 8% 9% 15% 15% 15% 17%
15 15 28 39 48 103 99 10 -44 32 135 30 38
Interest 35 50 50 65 55 42 35 36 39 28 47 62 57
Depreciation 19 18 20 16 30 33 33 35 43 43 41 65 77
Profit before tax -3 36 120 207 379 353 194 95 57 340 486 359 450
Tax % 26% 18% 8% 30% 34% 34% 36% 37% -29% 27% 26% 23%
-2 30 110 146 251 232 125 60 73 249 359 277 341
EPS in Rs -0.12 1.65 6.20 7.38 12.74 11.76 6.39 3.05 3.74 12.70 18.17 13.97 17.20
Dividend Payout % -0% -0% -0% -0% 3% 7% 13% 20% 16% 12% 11% 14%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 13%
TTM: 12%
Compounded Profit Growth
10 Years: 21%
5 Years: 17%
3 Years: 22%
TTM: 28%
Stock Price CAGR
10 Years: 45%
5 Years: 54%
3 Years: 33%
1 Year: 144%
Return on Equity
10 Years: 22%
5 Years: 18%
3 Years: 21%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 35 35 35 39 39 39 39 39 39 39 39 40 40
Reserves 141 158 252 382 591 807 917 935 947 1,245 1,551 1,753 1,901
Preference Capital 2 2 2 2 -0 -0 -0 -0 -0 -0 -0 -0
355 411 434 383 409 311 384 337 349 577 1,319 876 850
151 235 289 437 352 367 359 313 361 433 352 391 442
Total Liabilities 683 839 1,011 1,242 1,392 1,524 1,699 1,625 1,696 2,296 3,262 3,060 3,233
365 360 346 388 484 533 543 574 575 561 631 1,110 1,319
CWIP 5 2 0 15 11 12 24 16 6 8 24 183 14
Investments 0 -0 -0 -0 -0 -0 0 46 0 167 2 143 120
313 478 664 839 898 979 1,132 988 1,115 1,560 2,606 1,623 1,781
Total Assets 683 839 1,011 1,242 1,392 1,524 1,699 1,625 1,696 2,296 3,262 3,060 3,233

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 19 34 236 153 216 42 215 140 -20 -37 767
4 -15 2 -103 -113 -78 -52 -101 16 -189 -258 -486
-57 -2 -13 -114 -61 -148 17 -106 -40 185 646 -574
Net Cash Flow -8 1 23 19 -21 -10 7 8 116 -23 352 -293

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 27 27 27 27 43 53 56 48 43 75 63 50
Inventory Days 100 122 142 148 159 149 206 188 168 206 288 240
Days Payable 76 93 85 96 67 61 67 51 41 67 45 60
Cash Conversion Cycle 52 56 84 79 136 141 196 185 169 214 307 229
Working Capital Days 45 52 74 74 104 120 169 139 116 169 201 140
ROCE % 8% 18% 26% 39% 47% 36% 18% 10% 15% 23% 22% 15%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.94% 58.74% 58.74% 58.74% 58.74% 58.74%
9.82% 9.96% 9.76% 9.68% 9.44% 9.28% 9.28% 9.30% 9.28% 9.14% 10.24% 10.66%
0.02% 0.05% 0.06% 0.04% 0.06% 0.09% 0.09% 0.02% 0.04% 0.02% 0.12% 0.79%
31.22% 31.05% 31.24% 31.34% 31.56% 31.69% 31.70% 31.94% 31.93% 32.10% 30.88% 29.80%
No. of Shareholders 35,95145,04151,69656,86161,84864,98865,10569,25067,26361,53761,81367,626

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls