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Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn

Indo Count Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹457.42Undervalued by 85.94%vs CMP ₹246.00

P/E (42.9) × ROE (11.3%) × BV (₹117.00) × DY (0.81%)

₹207.34Overvalued by 15.72%vs CMP ₹246.00
MoS: -18.6% (Negative)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹363.2725%Under (+47.7%)
Graham NumberEarnings₹122.9218%Over (-50%)
Earnings PowerEarnings₹55.8015%Over (-77.3%)
Net Asset ValueAssets₹116.408%Over (-52.7%)
EV/EBITDAEnterprise₹200.2810%Over (-18.6%)
Earnings YieldEarnings₹57.408%Over (-76.7%)
ROCE CapitalReturns₹395.4110%Under (+60.7%)
Revenue MultipleRevenue₹209.256%Over (-14.9%)
Consensus (8 models)₹207.34100%Overvalued
Key Drivers: EPS CAGR -20.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹56–₹395) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -20.6%

*Investments are subject to market risks

Investment Snapshot

61
Indo Count Industries Ltd scores 61/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health68/100 · Strong
ROCE 13.5% GoodROE 11.3% AverageD/E 0.43 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 1.07% MF buyingPromoter holding at 58.7% Stable
Earnings Quality60/100 · Moderate
OPM stable around 15% SteadyWorking capital: 58 days (improving) Efficient
Quarterly Momentum30/100 · Weak
Revenue (4Q): -3% YoY FlatProfit (4Q): -65% YoY DecliningOPM: 9.0% (down 4.0% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 42.9 vs industry 474.3 Cheaper than peersROCE 13.5% vs industry 9.2% Above peersROE 11.3% vs industry 8.0% Above peers3Y sales CAGR: 13% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Indo Count Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 42.9 vs Ind 474.3 | ROCE 13.5% | ROE 11.3% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.43x | IntCov 0.0x | Current 1.92x | Borrow/Reserve 0.55x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹246 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.12 pp | DII +0.72 pp | Prom 0.00 pp
Business Momentum
-50
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +0.1% | Q NP -38.5% | Q OPM -1.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-15.7%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.55xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.12 ppLatest FII% minus previous FII%
DII Change+0.72 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-2,392Latest shareholder count minus previous count
Quarterly Sales Change+0.1%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-38.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 4,880 Cr.
Current Price 246
Intrinsic Value₹207.34
High / Low 351/211
Stock P/E42.9
Book Value 117
Dividend Yield0.81 %
ROCE13.5 %
ROE11.3 %
Face Value 2.00
PEG Ratio-2.08

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indo Count Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indo Count Industries Ltd 4,880 Cr. 246 351/21142.9 1170.81 %13.5 %11.3 % 2.00
Nitin Spinners Ltd 2,041 Cr. 363 427/29512.2 2440.83 %13.2 %14.3 % 10.0
Pashupati Cotspin Ltd 1,555 Cr. 985 1,102/59697.5 1020.05 %11.5 %9.44 % 10.0
Faze Three Ltd 965 Cr. 397 748/32230.7 1750.00 %11.9 %8.69 % 10.0
Ambika Cotton Mills Ltd 712 Cr. 1,243 1,700/1,10111.3 1,6352.98 %11.5 %7.46 % 10.0
Industry Average3,322.90 Cr165.80474.26127.360.51%9.16%7.98%7.02

All Competitor Stocks of Indo Count Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 6578077411,0097131,0939411,0361,1521,0239591,0621,063
Expenses 5846636168446099287968791,006941848958972
Operating Profit 731441251651041651451571468211110491
OPM % 11%18%17%16%15%15%15%15%13%8%12%10%9%
Other Income 535251409916691911
Interest 2071518182021303636313230
Depreciation 16161920222225253236383939
Profit before tax 4112397151791241081109516515234
Tax % 9%23%24%24%26%26%28%27%25%28%23%25%27%
Net Profit 389574114589278807111393924
EPS in Rs 1.904.783.725.772.934.643.934.063.570.571.971.971.23

Last Updated: March 4, 2026, 9:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 12:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,4681,7172,0632,1531,8591,9342,0802,5192,8423,0123,5574,1514,106
Expenses 1,3061,4681,6461,8281,6961,7781,8972,1412,4032,5562,9953,6163,719
Operating Profit 161249417325163156183379439455562535388
OPM % 11%14%20%15%9%8%9%15%15%15%16%13%9%
Other Income 2839481039910-443213530413845
Interest 5065554235363928476270123129
Depreciation 2016303333354343416583117153
Profit before tax 1202073793531949557340486359450334152
Tax % 8%30%34%34%36%37%-29%27%26%23%25%26%
Net Profit 1101462512321256073249359277338246114
EPS in Rs 6.207.3812.7411.766.393.053.7412.7018.1713.9717.0612.425.74
Dividend Payout % 0%0%3%7%13%20%16%12%11%14%13%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)32.73%71.92%-7.57%-46.12%-52.00%21.67%241.10%44.18%-22.84%22.02%-27.22%
Change in YoY Net Profit Growth (%)0.00%39.19%-79.49%-38.55%-5.88%73.67%219.43%-196.92%-67.02%44.86%-49.24%

Indo Count Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:15%
3 Years:13%
TTM:11%
Compounded Profit Growth
10 Years:4%
5 Years:10%
3 Years:-12%
TTM:-40%
Stock Price CAGR
10 Years:4%
5 Years:27%
3 Years:14%
1 Year:-44%
Return on Equity
10 Years:18%
5 Years:18%
3 Years:15%
Last Year:11%

Last Updated: September 5, 2025, 7:25 am

Balance Sheet

Last Updated: December 4, 2025, 1:25 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 35393939393939393940404040
Reserves 2543825918079179359471,2451,5511,7532,0492,2382,269
Borrowings 4373864093113843373495771,3198769561,4491,243
Other Liabilities 285435352367359313361433352379524533693
Total Liabilities 1,0111,2421,3921,5241,6991,6251,6962,2963,2623,0483,5694,2604,245
Fixed Assets 3463884845335435745755616311,1101,3551,8901,903
CWIP 0151112241668241833550108
Investments 000004601672143133135155
Other Assets 6648398989791,1329881,1151,5602,6061,6112,0462,1852,079
Total Assets 1,0111,2421,3921,5241,6991,6251,6962,2963,2623,0483,5694,2604,245

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 3423615321642215140-20-37755146394
Cash from Investing Activity + 2-103-113-78-52-10116-189-258-474-98-485
Cash from Financing Activity + -13-114-61-14817-106-40185646-574-47105
Net Cash Flow 2319-21-1078116-23352-293114
Free Cash Flow 1615131128-14155107-56-48941611143
CFO/OP 36%115%57%93%59%162%90%15%24%185%44%92%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-276.00-137.008.0014.00-221.00-181.00-166.00-198.00438.00-421.00-394.00534.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 272743535648437563484652
Inventory Days 142148159149206188168206288240275229
Days Payable 859667616751416745577446
Cash Conversion Cycle 8479136141196185169214307231248236
Working Capital Days -015447310691648944617458
ROCE %26%39%47%36%18%10%15%23%22%15%18%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%58.74%
FIIs 9.28%9.14%10.24%10.66%10.74%10.69%10.69%10.35%10.12%9.89%9.98%9.86%
DIIs 0.04%0.02%0.12%0.79%1.06%2.16%3.67%4.57%4.96%5.15%5.31%6.03%
Public 31.93%32.10%30.88%29.80%29.45%28.40%26.89%26.34%26.18%26.22%25.95%25.37%
No. of Shareholders 67,26361,53761,81367,62673,38469,11077,05374,18973,38077,26478,85476,462

Shareholding Pattern Chart

No. of Shareholders

Indo Count Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HSBC Small Cap Fund 4,749,000 0.74 111.964,139,3832026-01-26 03:00:0814.73%
UTI Aggressive Hybrid Fund 1,113,986 0.39 26.26N/AN/AN/A
Quant Multi Cap Fund 922,314 0.29 21.74N/AN/AN/A
UTI Large & Mid Cap Fund 887,912 0.37 20.93N/AN/AN/A
HSBC India Export Opportunities Fund 757,446 1.38 17.86N/AN/AN/A
UTI Small Cap Fund 721,017 0.37 17926,3212026-01-26 03:00:08-22.16%
UTI Retirement Fund 556,556 0.28 13.12N/AN/AN/A
JM Value Fund 404,146 1.08 9.53383,9932025-12-15 02:25:545.25%
HSBC Business Cycles Fund 313,250 0.68 7.38N/AN/AN/A
JM Small Cap Fund 229,788 0.86 5.42N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 12.4217.0613.9718.1612.70
Diluted EPS (Rs.) 12.4217.0613.9718.1612.70
Cash EPS (Rs.) 18.3121.2317.2420.2414.81
Book Value[Excl.RevalReserv]/Share (Rs.) 115.00105.4890.5280.6865.35
Book Value[Incl.RevalReserv]/Share (Rs.) 115.00105.4890.5280.6865.35
Revenue From Operations / Share (Rs.) 209.61179.60152.06143.97127.62
PBDIT / Share (Rs.) 28.9530.4324.5229.0921.00
PBIT / Share (Rs.) 23.0626.2621.2527.0218.81
PBT / Share (Rs.) 16.8422.7418.1124.6217.20
Net Profit / Share (Rs.) 12.4217.0613.9718.1712.62
NP After MI And SOA / Share (Rs.) 12.4217.0613.9718.1612.70
PBDIT Margin (%) 13.8116.9416.1220.2016.45
PBIT Margin (%) 11.0014.6213.9718.7614.74
PBT Margin (%) 8.0312.6511.9017.1013.48
Net Profit Margin (%) 5.929.509.1912.619.88
NP After MI And SOA Margin (%) 5.929.509.1912.619.94
Return on Networth / Equity (%) 10.8016.1715.4322.5819.51
Return on Capital Employeed (%) 15.5021.7720.0230.2026.50
Return On Assets (%) 5.779.469.0410.9810.91
Long Term Debt / Equity (X) 0.110.060.110.050.01
Total Debt / Equity (X) 0.530.430.460.820.43
Asset Turnover Ratio (%) 1.061.070.951.041.28
Current Ratio (X) 1.701.811.791.511.92
Quick Ratio (X) 0.810.840.850.791.11
Inventory Turnover Ratio (X) 3.603.491.401.512.22
Dividend Payout Ratio (NP) (%) 17.7111.7214.268.264.72
Dividend Payout Ratio (CP) (%) 12.019.4111.567.414.03
Earning Retention Ratio (%) 82.2988.2885.7491.7495.28
Cash Earning Retention Ratio (%) 87.9990.5988.4492.5995.97
Interest Coverage Ratio (X) 4.668.637.7912.1314.76
Interest Coverage Ratio (Post Tax) (X) 3.005.845.448.5710.00
Enterprise Value (Cr.) 6133.927804.202949.124055.413043.06
EV / Net Operating Revenue (X) 1.482.190.971.431.21
EV / EBITDA (X) 10.7012.956.077.067.34
MarketCap / Net Operating Revenue (X) 1.211.970.731.111.04
Retention Ratios (%) 82.2888.2785.7391.7395.27
Price / BV (X) 2.213.351.241.982.03
Price / Net Operating Revenue (X) 1.211.970.731.111.04
EarningsYield 0.040.040.120.110.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indo Count Industries Ltd. is a Public Limited Listed company incorporated on 07/11/1988 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L72200PN1988PLC068972 and registration number is 068972. Currently Company is involved in the business activities of Manufacture of bedding, quilts pillows, sleeping bags etc.. Company's Total Operating Revenue is Rs. 3771.65 Cr. and Equity Capital is Rs. 39.61 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedOffice No. 1, Plot No. 266, Village Alte, Kolhapur District Maharashtra 416109Contact not found
Management
NamePosition Held
Mr. Anil Kumar JainExecutive Chairman
Mr. Mohit JainExecutive Vice Chairman
Mr. Kailash R LalpuriaExecutive Director & CEO
Mr. Kamal MitraDirector - Works
Mr. Siddharth MehtaLead Independent Director
Dr. Sanjay Kumar PandaIndependent Director
Mr. Akash KagliwalIndependent Director
Mr. L ViswanathanIndependent Director
Mrs. Ambika SharmaIndependent Director

FAQ

What is the intrinsic value of Indo Count Industries Ltd and is it undervalued?

As of 05 April 2026, Indo Count Industries Ltd's intrinsic value is ₹207.34, which is 15.72% lower than the current market price of ₹246.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (11.3 %), book value (₹117), dividend yield (0.81 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indo Count Industries Ltd?

Indo Count Industries Ltd is trading at ₹246.00 as of 05 April 2026, with a FY2026-2027 high of ₹351 and low of ₹211. The stock is currently in the middle of its 52-week range. Market cap stands at ₹4,880 Cr..

How does Indo Count Industries Ltd's P/E ratio compare to its industry?

Indo Count Industries Ltd has a P/E ratio of 42.9, which is below the industry average of 474.26. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Indo Count Industries Ltd financially healthy?

Key indicators for Indo Count Industries Ltd: ROCE of 13.5 % is moderate. Dividend yield is 0.81 %.

Is Indo Count Industries Ltd profitable and how is the profit trend?

Indo Count Industries Ltd reported a net profit of ₹246 Cr in Mar 2025 on revenue of ₹4,151 Cr. Compared to ₹359 Cr in Mar 2022, the net profit shows a declining trend.

Does Indo Count Industries Ltd pay dividends?

Indo Count Industries Ltd has a dividend yield of 0.81 % at the current price of ₹246.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indo Count Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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