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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indo Count Industries Ltd

About the Company -Indo Count Industries Ltd

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. 2805.95 Cr. and Equity Capital is Rs. 39.48 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedOffice No. 1, Plot No. 266, Village Alte, Kolhapur District Maharashtra 416109info@indocount.com
http://www.indocount.com
Management
NamePosition Held
Mr. Anil Kumar JainExecutive Chairman
Mr. Mohit Anilkumar JainExecutive Vice Chairman
Mr. Kailash R LalpuriaExecutive Director & CEO
Mr. Dilip J ThakkarIndependent Director
Mr. Akash KagliwalIndependent Director
Mr. L ViswanathanIndependent Director
Dr.(Mrs.) Vaijayanti PanditIndependent Director
Dr. Sanjay Kumar PandaIndependent Director
Mr. Siddharth MehtaIndependent Director
Mr. Kamal MitraDirector - Works

Basic Stock Data of Indo Count Industries Ltd

Last Updated: June 24, 2024, 8:33 pm

Market Cap 7,343 Cr.
Current Price 370
High / Low406/194
Stock P/E21.7
Book Value 105
Dividend Yield0.54 %
ROCE18.2 %
ROE17.4 %
Face Value 2.00
PEG Ratio0.64

Indo Count Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales7927057597677876907228496578107471,009713
Expenses649599581628641558581729584663616844609
Operating Profit14310617813914613214112073147130165104
OPM %18%15%23%18%19%19%20%14%11%18%17%16%15%
Other Income-0000-210005002514
Interest71112121581421207151818
Depreciation11101010101116151616192022
Profit before tax1258515611710011311084411239715179
Tax %26%32%25%28%29%25%30%20%9%23%24%24%26%
Net Profit9358117857185776738957411458
EPS in Rs4.712.935.954.303.614.313.913.391.904.783.725.772.93

Last Updated: June 11, 2024, 2:50 am

Indo Count Industries Ltd Quarterly Chart

Indo Count Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7801,1871,4681,7172,0632,1531,8591,9342,0802,5192,8423,0123,252
Expenses7441,0971,3061,4681,6461,8281,6961,7781,8972,1412,4032,5562,708
Operating Profit3690161249417325163156183379439455544
OPM %5%8%11%14%20%15%9%8%9%15%15%15%17%
Other Income15152839481039910-4432135300
Interest35505065554235363928476260
Depreciation19182016303333354343416572
Profit before tax-3361202073793531949557340486359413
Tax %26%18%8%30%34%34%36%37%-29%27%26%23%
Net Profit-2301101462512321256073249359277320
EPS in Rs-0.121.656.207.3812.7411.766.393.053.7412.7018.1713.9716.17
Dividend Payout %0%0%0%0%3%7%13%20%16%12%11%14%

Indo Count Industries Ltd Profit & Loss Yearly Chart

Indo Count Industries Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:13%
3 Years:12%
TTM:18%
Compounded Profit Growth
10 Years:12%
5 Years:41%
3 Years:10%
TTM:22%
Stock Price CAGR
10 Years:37%
5 Years:63%
3 Years:31%
1 Year:94%
Return on Equity
10 Years:21%
5 Years:19%
3 Years:19%
Last Year:17%

Last Updated: June 16, 2024, 7:08 am

Indo Count Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital35353539393939393939394040
Reserves1411582523825918079179359471,2451,5511,7531,901
Preference Capital222200000000
Borrowings3554114343834093113843373495771,319876850
Other Liabilities151235289437352367359313361433352391442
Total Liabilities6838391,0111,2421,3921,5241,6991,6251,6962,2963,2623,0603,233
Fixed Assets3653603463884845335435745755616311,1101,319
CWIP5201511122416682418314
Investments00000004601672143120
Other Assets3134786648398989791,1329881,1151,5602,6061,6231,781
Total Assets6838391,0111,2421,3921,5241,6991,6251,6962,2963,2623,0603,233

Indo Count Industries Ltd Reserves and Borrowings Chart

Indo Count Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 45193423615321642215140-20-37767
Cash from Investing Activity 4-152-103-113-78-52-10116-189-258-486
Cash from Financing Activity -57-2-13-114-61-14817-106-40185646-574
Net Cash Flow-812319-21-1078116-23352-293

Indo Count Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days272727274353564843756350
Inventory Days100122142148159149206188168206288240
Days Payable769385966761675141674560
Cash Conversion Cycle52568479136141196185169214307229
Working Capital Days45527474104120169139116169201140
ROCE %8%18%26%39%47%36%18%10%15%23%22%15%

Indo Count Industries Ltd Financial Efficiency Indicators Chart

Indo Count Industries Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters58.94%58.94%58.94%58.94%58.94%58.94%58.74%58.74%58.74%58.74%58.74%58.74%
FIIs9.96%9.76%9.68%9.44%9.28%9.28%9.30%9.28%9.14%10.24%10.66%10.74%
DIIs0.05%0.06%0.04%0.06%0.09%0.09%0.02%0.04%0.02%0.12%0.79%1.06%
Public31.05%31.24%31.34%31.56%31.69%31.70%31.94%31.93%32.10%30.88%29.80%29.45%
No. of Shareholders45,04151,69656,86161,84864,98865,10569,25067,26361,53761,81367,62673,384

Indo Count Industries Ltd Shareholding Pattern Chart

No. of Indo Count Industries Ltd Shareholders

Indo Count Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Nifty Microcap 250 Index Fund78,5650.482.241792024-06-2243791.06%
Groww Nifty Total Market Index Fund1790.020.011792024-06-220%

Indo Count Industries Ltd ROCE Trend

Indo Count Industries Ltd EPS Trend

Indo Count Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)17.0613.9718.1612.703.74
Diluted EPS (Rs.)17.0613.9718.1612.703.74
Cash EPS (Rs.)21.2317.2420.2414.815.90
Book Value[Excl.RevalReserv]/Share (Rs.)105.4890.5280.6865.3550.30
Book Value[Incl.RevalReserv]/Share (Rs.)105.4890.5280.6865.3550.30
Revenue From Operations / Share (Rs.)179.60152.06143.97127.62105.38
PBDIT / Share (Rs.)30.4324.5229.0921.0012.05
PBIT / Share (Rs.)26.2621.2527.0218.819.85
PBT / Share (Rs.)22.7418.1124.6217.202.87
Net Profit / Share (Rs.)17.0613.9718.1712.623.70
NP After MI And SOA / Share (Rs.)17.0613.9718.1612.703.74
PBDIT Margin (%)16.9416.1220.2016.4511.43
PBIT Margin (%)14.6213.9718.7614.749.34
PBT Margin (%)12.6511.9017.1013.482.72
Net Profit Margin (%)9.509.1912.619.883.51
NP After MI And SOA Margin (%)9.509.1912.619.943.54
Return on Networth / Equity (%)16.1715.4322.5819.517.48
Return on Capital Employeed (%)21.7720.0230.2026.5017.56
Return On Assets (%)9.469.0410.9810.914.35
Long Term Debt / Equity (X)0.060.110.050.010.03
Total Debt / Equity (X)0.430.460.820.430.33
Asset Turnover Ratio (%)1.070.881.041.281.20
Current Ratio (X)1.811.791.511.921.88
Quick Ratio (X)0.840.850.791.110.98
Inventory Turnover Ratio (X)1.631.461.512.222.11
Dividend Payout Ratio (NP) (%)0.0014.268.264.7216.05
Dividend Payout Ratio (CP) (%)0.0011.567.414.0310.10
Earning Retention Ratio (%)0.0085.7491.7495.2883.95
Cash Earning Retention Ratio (%)0.0088.4492.5995.9789.90
Interest Coverage Ratio (X)8.637.7912.1314.766.06
Interest Coverage Ratio (Post Tax) (X)5.845.448.5710.005.37
Enterprise Value (Cr.)7804.202949.124055.413043.06656.22
EV / Net Operating Revenue (X)2.190.971.431.210.31
EV / EBITDA (X)12.956.077.067.342.76
MarketCap / Net Operating Revenue (X)1.970.731.111.040.22
Retention Ratios (%)0.0085.7391.7395.2783.94
Price / BV (X)3.351.241.982.030.47
Price / Net Operating Revenue (X)1.970.731.111.040.22
EarningsYield0.040.120.110.090.15

Indo Count Industries Ltd Profitability Ratios (%)

Indo Count Industries Ltd Liquidity Ratios

Indo Count Industries Ltd Liquidity Ratios (%)

Indo Count Industries Ltd Interest Coverage Ratios (%)

Indo Count Industries Ltd Valuation Ratios

Fair Value

Fair Value: 398.60

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.73% compared to the current price 370

Intrinsic Value: 534.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 44.38% compared to the current price ₹370

Last 5 Year EPS CAGR: 34.02%

*Investments are subject to market risks

Strength and Weakness of Indo Count Industries Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.08%, which is a positive sign.
  2. The company has higher reserves (890.77 cr) compared to borrowings (0.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (61.62 cr) and profit (233.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 116.92, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 154.00, which may not be favorable.

FAQ

What is the latest fair value of Indo Count Industries Ltd?

The latest fair value of Indo Count Industries Ltd is ₹398.60.

What is the Market Cap of Indo Count Industries Ltd?

The Market Cap of Indo Count Industries Ltd is 7,343 Cr..

What is the current Stock Price of Indo Count Industries Ltd as on 24 June 2024?

The current stock price of Indo Count Industries Ltd as on 24 June 2024 is ₹370.

What is the High / Low of Indo Count Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of Indo Count Industries Ltd stocks is 406/194.

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

The Stock P/E of Indo Count Industries Ltd is 21.7.

What is the Book Value of Indo Count Industries Ltd?

The Book Value of Indo Count Industries Ltd is 105.

What is the Dividend Yield of Indo Count Industries Ltd?

The Dividend Yield of Indo Count Industries Ltd is 0.54 %.

What is the ROCE of Indo Count Industries Ltd?

The ROCE of Indo Count Industries Ltd is 18.2 %.

What is the ROE of Indo Count Industries Ltd?

The ROE of Indo Count Industries Ltd is 17.4 %.

What is the Face Value of Indo Count Industries Ltd?

The Face Value of Indo Count Industries Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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