Business Standard

Indo Count Industries Share Price

Know More
NSEBSE

372.653.95 (1.07%)

03:47 PM,18th Apr 2024

372.302.95 (0.80%)

04:01 PM,18th Apr 2024

BSE : 521016

NSE : ICIL

Sector : Industrials

ISIN Code : INE483B01026

  • NSE
  • BSE
  • 1D
  • 5D
  • 1M
  • 6M
  • 1Y
  • 2Y
  • 5Y
  • MAX

Last Updated: Apr 18 2024 | 04:01 PM IST

Market Cap (₹ Cr)

7380

Turnover (₹ Cr)

0.98

Volume (Shares)

264112

Face Value

2

52-WK High

394.00

52-WK High Date

08 Apr 2024

52-WK Low

128.50

52-WK Low Date

24 Apr 2023

All Time High

394.00

All Time High Date

08 Apr 2024

All Time Low

0.48

All Time Low Date

28 Dec 2001

Indo Count Industries Ltd

Incorporated in Nov.'88 as Vishnu Aluminium a public limited company Indo Count Industries (ICIL) acquired its present name in Apr.'90. The company was promoted by A K Jain S Jain and associates. ICIL went public in Nov.'90 to part-finance a 100% EOU (inst. cap. : 26208 spindles) to manufacture combed yarn at Gokal Shirgaon in Kolhapur Maharashtra. The company mainly produces 60's and 2/60's combed cotton yarn. The Company is one of India's leading Home Textiles manufacturer. The Company has focused in some of the world's finest fashion institutional and utility bedding and has built significant presence across the globe.In 1994-95 the installed capacity was increased to 32256 spindles with the commissioning of 6048 spindles. ICIL has been accredited with the ISO 9002 certification. ICIL further added 18144 spindles and diversified into grey knitted fabric by installing 8 knitting machines. The scheme being executed as unit number two is run by a captive diesel power plant. The project was appraised by IFCI at a cost of Rs.53.6 cr. Part of this cost was met out of the foreign currency loan of US$ 11 mln sanctioned by IFCI.During 1999-2000 the company has been granted financial assistance under Technical Upgradation Fund Scheme for modernizing the spinning mill and for expansion in knitting capacity. To improve its qualityproduction and productivity the company has initiated modernisation programme for its plant & machinery under TUF scheme. The installed capacity of Spindleage-Cotton Yarn was increased upto 56448 Nos during 2001-02.In October 2004 the Company established its electronic division where it manufactures/assembles electronic goods such as colourdivision sets air conditioners music systems etc. for leading multi national brands.In 2014 the Company on 12th September 2013 as the Promoter of Pranavaditya Spinning Mills Limited (PSML) made an Offer for Sale of 3700000 equity shares of Rs 10/- each held by it in PSML(OFS). With the said OFS the Company's shareholding in PSML came down to 74.53% from 93.76%. During the year 2016-17 Company launched three licensed brands Harlequin Scion and Sanderson in North America within the fashion bedding segment. It ventured in domestic home market through its subsidiary viz. Indo Count Retail Ventures Private Limited (ICRVPL) which introduced brand Boutique Living an aspirational brand in India which has been successful in the USA. Apart from showrooms in UK USA and Australia during the year 2016-17 the Company set up a 9200 sq. ft. experiential showroom at New York with a capacity to display 32 beds so that customers can touch and feel array of product on offer. During the year 2016-17 Company acquired 82.5% stake in Indo Count Retail Ventures Private Limited (ICRVPL) thereby ICRVPL becamesubsidiary of Company w.e.f. 24th August 2016. During the year 2017-18 Company incorporated a wholly owned subsidiary viz. Hometex Global DMCC in Dubai UAE. With this incorporation as on 31st March 2018 it had 6 direct subsidiaries viz. Pranavaditya Spinning Mills Limited Indo Count Retail Ventures Private Limited Indo Count Global Inc. USA Indo Count UK Limited Indo Count Australia Pty Ltd. and Hometex Global DMCC. The Company launched new innovative brands WholisticSleep Rx and Pure Earth in Intern in 2020-21. During the year 2020-21 it launched many new products under newly Launched Brands namely Wholistic and Sleep Rx in Health & Hygiene and Sustainable Performance category respectively. It introduced process improvements in the field of weaving preoperatery.As on March 31 2021 Company had 5 direct subsidiaries viz. Pranavaditya Spinning Mills Limited Indo Count Retail Ventures Private Limited Indo Count Global Inc. Indo Count UK Limited and Indo Count Global DMCC. During the year 2020-21 Indo Count Australia Pty Limited ceased to be a subsidiary of the Company with effect from October 7 2020 due to voluntary de registration by the Australian Securities & Investments Commission (ASIC). The Company acquired the business of Indo Count Retail Ventures Private Limited (ICRVPL) as a going concern by way of slump sale by ICRVPL with effect from April 1 2020 through a Business Transfer Agreement.During year 2020-21 Board of Directors of the Company at its meeting held on October 21 2020 approved Scheme of Amalgamation of Pranavaditya Spinning Mills Limited (PSML) Subsidiary of the Company with the Company and their respective shareholders as October 1 2020 the Appointed date for said Amalgamation or such other date as may be fixed by the Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT). Pursuant to the aforesaid Scheme of Amalgamation and the Share Exchange Ratio approved by the Board 2 fully paid up equity shares of Rs 2/- each of the Company would be issued to the equity shareholders of PSML as on Record Date for every 15 fully paid up equity shares of Rs 10/- each held by them in PSML.During the year 2020-21 the Company expanded the bed linen capacity by 20% from its existing annual capacity of 90 million meters to 108 million meters and for brownfield investment for adding commensurate cut & sew facilities and enhancing the capacity for Top of the Bed (TOB) products. It approved modernisation of existing spinning unit of the Company with compact spinning technology through a capex of approx. Rs 50 crores. During the year 2021-22 the Company signed Business Transfer Agreement (BTA) with GHCL Limited for acquisition of Home Textile Business of GHCL including its manufacturing facility at Bhilad Gujarat by way of Slump Sale. Further Asset Transfer Agreement (ATA) was signed between the Company Indo Count Global Inc GHCL and Grace Home Fashions LLC for acquisition of inventory and Intellectual property rights (IPRs) of Grace Home Fashions LLC which completed was on April 2 2022. With this acquisition Company became the world's largest Home Textile bedding manufacturer with an annual capacity of 153 million meters.

Indo Count Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

7380

EPS - TTM (₹) [S]

15.23

P/E Ratio (X) [S]

3.89

Face Value (₹) 2
Latest Dividend (%)100.00
Latest Dividend Date 11 Aug 2023
Dividend Yield (%) 0.54
Book Value Share (₹) [S]95.83
P/B Ratio (₹) [S]3.89
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
UTI-Aggressive Hybrid Fund (IDCW) 26.29 742468 0.50
UTI-Aggressive Hybrid Fund - Direct (G) 26.29 742468 0.50
UTI-Aggressive Hybrid Fund - Direct (IDCW) 26.29 742468 0.50
UTI-Aggressive Hybrid Fund (G) 26.29 742468 0.50
UTI-Large & Mid Cap Fund (IDCW) 16.08 454147 0.58
UTI-Large & Mid Cap Fund - Direct (IDCW) 16.08 454147 0.58
UTI-Large & Mid Cap Fund (G) 16.08 454147 0.58
UTI-Large & Mid Cap Fund - Direct (G) 16.08 454147 0.58
UTI-Retirement Fund - Direct 11.05 311930 0.25
UTI-Retirement Fund - Regular 11.05 311930 0.25

Load more

Research Reports

Date BrokerActionPrices(Rs)Report
22-08-2023ICICI Securities Buy 235
01-06-2023ICICI Direct Buy 173
17-11-2022ICICI Direct Hold 135

Stock Strength

Today's Low/High

365.20

377.75

Week Low/High

352.00

390.00

Month Low/High

305.15

394.00

Year Low/High

128.50

394.00

All time Low/High

0.52

394.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-2.89%-3.22%-3.40-3.33%
1 Month15.64%15.43%-0.36-0.27%
3 Month33.16%33.38%1.832.49%
6 Month50.93%51.02%10.0411.82%
1 Year174.41%175.22%21.3724.55%
3 Year191.82%193.08%48.4550.47%

Company Info

Company Information

Executive Chairman : Anil Kumar Jain

Non-Exec. & Independent Dir. : Dilip J Thakkar

Director (Works) : Kamal Mitra

Non-Exec. & Independent Dir. : Prem Malik

Non-Exec. & Independent Dir. : Vaijayanti Pandit

Executive Vice Chairman : Mohit Kumar Jain

Executive Director & CEO : Kailash R Lalpuria

Non-Exec. & Independent Dir. : Sanjay Kumar Panda

Non-Exec. & Independent Dir. : Siddharth Mehta

Company Sec. & Compli. Officer : Satnam Saini

Independent Director : Akash Kagliwal

Independent Director : L Viswanathan

Registered Office: Office No 1 P No 266 Vil Alte, Taluka Hatkanangale,Kolhapur,Maharashtra-416109 Ph: 91-0230-2483105/3292933

Email:icilinvestors@indocount.com; info@indocount.com

URL:http://www.indocount.com