Employees: 6,999
Size Indo Count Industries (ICIL.NS) is an India Materials company (Textiles) with a market value of $1.03B, the 585th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹489.85 on 6 Nov 2026.
Performance Over six months the shares gained 68.3%, against +10.4% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 15 in its peer set.
Growth Revenue grew 19.2% over the last twelve months (peer median +1.8%); the operating margin is 7.8% (peer median 6.9%).
Valuation It trades at 29.7× forward earnings against a peer median of 15.9× (3rd most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +21 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.1 points below its cost of capital (14.8% WACC).
Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹50.0B | ₹38.7B | ₹38.2B | ₹32.7B | ₹27.8B |
| Revenue growth | — | +1% | +17% | +18% | — |
| Gross profit | ₹18.8B | ₹5.88B | ₹5.95B | ₹6.09B | ₹5.23B |
| EBITDA | ₹5.62B | ₹1.33B | ₹2.22B | ₹2.84B | ₹2.32B |
| Net income | ₹2.44B | ₹1.27B | ₹2.50B | ₹3.38B | ₹2.77B |
| Free cash flow | n/a | ₹2.48B | ₹344M | -₹459M | ₹3.57B |
| Capital expenditure | n/a | ₹2.02B | ₹2.52B | ₹1.35B | ₹3.42B |
| Total debt | ₹13.1B | ₹13.4B | ₹14.5B | ₹9.56B | ₹8.76B |
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| Measure | ICIL.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.0% | -5.2% | 5th highest of 16 |
| 6-month return | +68.3% | +10.4% | 3rd highest of 15 |
| Distance from 52-week high | -8.6% | -20.8% | 3rd highest of 16 |
| Revenue growth (TTM) | +19.2% | +1.8% | 2nd highest of 15 |
| Operating margin | 7.8% | 6.9% | 7th highest of 15 |
| Forward P/E | 29.7× | 15.9× | 3rd most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 31.4% | 18.5% | 2nd most demanding of 10 |
| Growth delivered (Del g) | +10.5% | +7.9% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | +20.9 pp | +7.5 pp | 2nd most demanding of 10 |
| ROIC minus cost of capital | -6.1 pp | -2.6 pp | 6th lowest of 15 |
| EV / EBITDA | 18.6× | 12.3× | 3rd most expensive of 13 |
| Net debt / EBITDA | 1.4× | 1.6× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Indo Count Industries ICIL.NS | India | $1.03B | +68% | +19% | 8% | 29.7× | 31.4% | +10.5% |
| Kolon Ind 120110.KS | South Korea | $858M | -61% | +2% | 4% | 4.9× | 4.2% | +4.2% |
| Aditya Birla Real Estate ABREL.NS | India | $1.26B | -33% | -26% | -19% | n/a | 39.6% | -30.9% |
| Trident TRIDENT.NS | India | $1.29B | -11% | -4% | 11% | 17.1× | 18.5% | +7.9% |
| Raymond RAYMOND.NS | India | $761M | +111% | -6% | 6% | 79.4× | n/a | n/a |
| Arvind ARVIND.NS | India | $1.43B | +10% | +19% | 8% | 26.6× | 21.1% | +12.8% |
| Vardhman Textiles VTL.NS | India | $1.56B | -15% | +3% | 9% | 12.0× | n/a | n/a |
| Kusumgar KUSUMGAR.NS | India | $612M | n/a | n/a | n/a | 34.7× | n/a | n/a |
| Sanathan Textiles SANATHAN.NS | India | $500M | +21% | +77% | 5% | 23.2× | n/a | n/a |
| Alok Industries ALOKINDS.NS | India | $442M | -41% | +6% | -4% | n/a | n/a | n/a |
| Filatex India FILATEX.NS | India | $427M | +100% | 0% | 6% | n/a | 20.8% | +13.3% |
| GHCL GHCL.NS | India | $406M | -21% | +2% | 20% | 7.7× | -2.5% | +4.2% |
| Jindal Worldwide JINDWORLD.NS | India | $399M | +39% | -2% | 5% | n/a | 21.9% | +6.0% |
| Nitin Spinners NITINSPIN.NS | India | $390M | +33% | 0% | 11% | 12.8× | 6.8% | +14.7% |
| Mayur Uniquoters MAYURUNIQ.NS | India | $344M | +23% | +16% | 22% | 14.7× | 14.8% | +13.6% |
| Sangam (India) SANGAMIND.NS | India | $310M | +10% | +12% | 9% | n/a | n/a | n/a |