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← CockpitCompetitor Analysis › ICIL.NS Indo Count Industries LimitedOpen in the cockpit ↗

Indo Count Industries LimitedICIL.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Textiles
Momentum leader 95
Mkt cap
$1.03B
US dollars, full cap
Free float
33%
of shares outstanding
$/day
$4.96M
20-day average traded
Fwd P/E
29.7×
forward earnings
ROIC−WACC
-6.1 pp
WACC 14.8%
Hurdle
+21 pp
Req g minus delivered
Next earnings
100 days
14 Feb 2027
Close · INR₹489.85
1D-2.2%
1W+10.8%
1M+4.0%
3M+16.2%
6M+68.3%
YTD+73.5%
1Y+72.3%
ATR %5.4%
Beta1.44
52w lowhigh8.6% off high

What Indo Count Industries does

Employees: 6,999

Indo Count Industries at a glance

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).

Relative performance

10012515017511 May 202611 Aug 20266 Nov 2026ICIL.NS 160Peer median 112
Six months, rebased to 100: Indo Count Industries against the median of its 15 peers (local-currency closes).

Indo Count Industries financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹2.48B₹344M-₹459M₹3.57B
Capital expendituren/a₹2.02B₹2.52B₹1.35B₹3.42B
Total debt₹13.1B₹13.4B₹14.5B₹9.56B₹8.76B

Quarterly statements and history in the cockpit →

Indo Count Industries competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%120110ABRELTRIDENTRAYMONDARVINDVTLSANATHANALOKINDSFILATEXGHCLJINDWORLDNITINSPINMAYURUNIQSANGAMINDICIL.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Indo Count Industries is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%0×25×50×75×120110TRIDENTRAYMONDARVINDVTLSANATHANGHCLMAYURUNIQICIL.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Indo Count Industries is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%120110ABRELTRIDENTARVINDGHCLJINDWORLDNITINSPINICIL.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Indo Count Industries is the large dot.

Indo Count Industries competitors and peer comparison

How Indo Count Industries compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Indo Count Industries against its 15 peers (data as of 6 Nov 2026)
MeasureICIL.NSPeer medianRank 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 margin7.8%6.9%7th highest of 15
Forward P/E29.7×15.9×3rd 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 pp2nd most demanding of 10
ROIC minus cost of capital-6.1 pp-2.6 pp6th lowest of 15
EV / EBITDA18.6×12.3×3rd most expensive of 13
Net debt / EBITDA1.4×1.6×7th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Indo Count Industries ICIL.NSIndia$1.03B+68%+19%8%29.7×31.4%+10.5%
Kolon Ind 120110.KSSouth Korea$858M-61%+2%4%4.9×4.2%+4.2%
Aditya Birla Real Estate ABREL.NSIndia$1.26B-33%-26%-19%n/a39.6%-30.9%
Trident TRIDENT.NSIndia$1.29B-11%-4%11%17.1×18.5%+7.9%
Raymond RAYMOND.NSIndia$761M+111%-6%6%79.4×n/an/a
Arvind ARVIND.NSIndia$1.43B+10%+19%8%26.6×21.1%+12.8%
Vardhman Textiles VTL.NSIndia$1.56B-15%+3%9%12.0×n/an/a
Kusumgar KUSUMGAR.NSIndia$612Mn/an/an/a34.7×n/an/a
Sanathan Textiles SANATHAN.NSIndia$500M+21%+77%5%23.2×n/an/a
Alok Industries ALOKINDS.NSIndia$442M-41%+6%-4%n/an/an/a
Filatex India FILATEX.NSIndia$427M+100%0%6%n/a20.8%+13.3%
GHCL GHCL.NSIndia$406M-21%+2%20%7.7×-2.5%+4.2%
Jindal Worldwide JINDWORLD.NSIndia$399M+39%-2%5%n/a21.9%+6.0%
Nitin Spinners NITINSPIN.NSIndia$390M+33%0%11%12.8×6.8%+14.7%
Mayur Uniquoters MAYURUNIQ.NSIndia$344M+23%+16%22%14.7×14.8%+13.6%
Sangam (India) SANGAMIND.NSIndia$310M+10%+12%9%n/an/an/a

Questions

Which companies are Indo Count Industries's closest peers?
The cockpit's peer set: Kolon Ind (120110.KS), Aditya Birla Real Estate (ABREL.NS), Trident (TRIDENT.NS), Raymond (RAYMOND.NS), Arvind (ARVIND.NS), Vardhman Textiles (VTL.NS), Kusumgar (KUSUMGAR.NS), Sanathan Textiles (SANATHAN.NS).
Is Indo Count Industries expensive compared with its peers?
On forward p/e it trades at 29.7× against a peer median of 15.9×, 3rd most expensive of 11 in its peer set. 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.
How has Indo Count Industries stock performed?
Over six months to 6 Nov 2026 the shares returned +68.3% against +10.4% for the median peer; over one year +72.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.