ICIL

Indo Count Industries share price & financials

Price
₹389.3
Market cap
₹8.6k Cr
Sector
Textiles
Calls analysed
8
Latest concall · Q1 FY27 · call held 13 Aug 2026

Indo Count Industries Limited Q1 FY27

EBITDA ₹160 cr +34%EBITDA Margin 13.1% +1%PAT ₹63 cr +62%PAT Margin 5.2% +1%

What went well

  • Revenue of INR1,224 crores, up 27% YoY and 13% QoQ, marking the highest ever quarterly revenue.
  • EBITDA grew 38% QoQ to INR160 crores, with margin expanding 241 bps to 13.1% from 10.7% in Q4 FY26.
  • PAT increased 2.5x QoQ to INR63 crores, with margin expanding 294 bps to 5.2% from 2.2% in Q4 FY26.

What to watch

  • The Bhilad plant was temporarily impacted by heavy rainfall and flooding from July 23, 2026, though operations partially resumed by August 12, 2026.
  • Q1 FY27 sales volume declined 3% YoY, primarily due to container availability constraints.
Read the full call →

What Indo Count Industries Limited does

Indo Count Industries makes bed sheets, pillowcases, comforters, quilts, fashion bedding and institutional bedding, with in-house capability spanning spinning, weaving, processing and cut-n-sew. It exports to over 50 countries and earns primarily through B2B/white-label supply to global retail, hospitality and fashion customers, alongside a growing owned and licensed brand business. It has recently added a second business line, utility bedding (pillows, quilts, mattress protectors), manufactured at newly built US plants, and a USA branded home-textile business built around acquired and licensed brands.

Segments

  • Core Business (Bed Linen)
  • Utility Bedding
  • USA Brand Business
Total installed manufacturing capacity (bed linen)
153 mn metres/year
Kolhapur, Maharashtra plant capacity
108 mn metres/year
Bhilad, Gujarat plant capacity
45 mn metres/year
US utility-bedding manufacturing facilities
3 (Groveport/Columbus Ohio, Phoenix Arizona, Kernersville/North Carolina)
Utility bedding annual manufacturing capacity
31 mn pillows and 1.5 mn quilts
Countries exported to
50+
Founded 1988Headquarters Mumbai, IndiaEmployees 3,637 (31 March 2025)

Guidance record · Q1 FY27

what the last two calls moved 26 tracked 4 delivered 4 missed 18 open
  • Sales Volume delivered, diluted said Q2 FY25 Promised: 110-115 million meters Q1 FY27: Past target, which was achieved after being revised down.
  • EBITDA Margin missed said Q2 FY25 Promised: 15% to 16% for the next year Q1 FY27: Past target which was missed. The company is now guiding for 13% in FY27.
  • Overall EBITDA Margin revised down said Q4 FY25 Promised: 16-17% Q1 FY27: for long-term, you can say right now, our target is to stabilize at 15 to 16% margins as a company as a whole.

All 26 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.7%, net profit up 67.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue991 1,009 865 733 828 −16%779 −23%758 −12%819 +12%
EBITDA150 122 52 88 81 −46%63 −48%67 +29%114 +30%
Net profit83 67 8 40 42 −49%25 −63%37 +363%67 +68%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +55.7% 1Y

₹300₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 16 Feb 2026Q4 FY26 — 1 Jun 2026Q1 FY27 — 13 Aug 2026

1Y: ₹284.73 on 10 Sept 2025 → ₹443.25. High ₹469.45 (31 Aug 2026), low ₹224.5 (23 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
−3.3%
13 Aug
Q4 FY26
+7.3%
1 Jun
Q3 FY26
+3.3%
16 Feb
Q2 FY26
+15.4%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 0.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.7%.

Year endingFY23FY24FY25FY26
Revenue₹3.0k Cr₹3.3k Cr₹3.8k Cr₹3.1k Cr
Operating profit₹478 Cr₹523 Cr₹463 Cr₹299 Cr
Operating margin15.7%15.7%12.3%9.7%
Interest₹62 Cr₹67 Cr₹106 Cr₹95 Cr
Depreciation₹63 Cr₹72 Cr₹82 Cr₹93 Cr
Net profit₹277 Cr₹319 Cr₹237 Cr₹144 Cr
Net margin9.1%9.6%6.3%4.6%
Cash from operations₹631 Cr₹143 Cr₹270 Cr₹420 Cr
Free cash flow₹313 Cr₹12 Cr₹170 Cr₹379 Cr
ROCE14.0%18.0%14.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹39 Cr₹39 Cr₹40 Cr₹40 Cr₹40 Cr₹40 Cr
Reserves₹1.2k Cr₹1.5k Cr₹1.7k Cr₹2.0k Cr₹2.3k Cr₹2.3k Cr
Borrowings₹546 Cr₹1.2k Cr₹853 Cr₹936 Cr₹1.2k Cr₹824 Cr
Other liabilities₹426 Cr₹300 Cr₹365 Cr₹510 Cr₹693 Cr₹578 Cr
Total liabilities₹2.2k Cr₹3.1k Cr₹3.0k Cr₹3.5k Cr₹4.2k Cr₹3.7k Cr
Fixed assets₹535 Cr₹627 Cr₹1.1k Cr₹1.3k Cr₹1.9k Cr₹1.3k Cr
Capital work in progress₹8 Cr₹23 Cr₹174 Cr₹35 Cr₹108 Cr₹5 Cr
Investments₹192 Cr₹12 Cr₹154 Cr₹143 Cr₹155 Cr₹242 Cr
Other assets₹1.5k Cr₹2.4k Cr₹1.6k Cr₹2.0k Cr₹2.1k Cr₹2.1k Cr
Total assets₹2.2k Cr₹3.1k Cr₹3.0k Cr₹3.5k Cr₹4.2k Cr₹3.7k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.92 pp while DIIs added +0.67 pp. The shareholder count shrank 2% to 75,948.

Promoters
58.7%
FIIs
10.1%
DIIs
5.8%
Public
25.3%

Since Jun 2025

  • Public −0.92 pp
  • DIIs +0.67 pp
  • FIIs +0.25 pp

How it drifted, 12 quarters

Over this window DIIs went from 0.1% to 5.8% — +5.7 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 58.7%, FIIs 10.2%, DIIs 0.1%, Public 30.9%.Dec '23: Promoters 58.7%, FIIs 10.7%, DIIs 0.8%, Public 29.8%.Mar '24: Promoters 58.7%, FIIs 10.7%, DIIs 1.1%, Public 29.4%.Jun '24: Promoters 58.7%, FIIs 10.7%, DIIs 2.2%, Public 28.4%.Sep '24: Promoters 58.7%, FIIs 10.7%, DIIs 3.7%, Public 26.9%.Dec '24: Promoters 58.7%, FIIs 10.3%, DIIs 4.6%, Public 26.3%.Mar '25: Promoters 58.7%, FIIs 10.1%, DIIs 5.0%, Public 26.2%.Jun '25: Promoters 58.7%, FIIs 9.9%, DIIs 5.2%, Public 26.2%.Sep '25: Promoters 58.7%, FIIs 10.0%, DIIs 5.3%, Public 25.9%.Dec '25: Promoters 58.7%, FIIs 9.9%, DIIs 6.0%, Public 25.4%.Mar '26: Promoters 58.7%, FIIs 9.9%, DIIs 5.7%, Public 25.7%.Jun '26: Promoters 58.7%, FIIs 10.1%, DIIs 5.8%, Public 25.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Indo Count Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Sandridge Investments Limited 31.31%unchanged
Indocount Securities Limited 15.67%unchanged
Elm Papark Fund Limited FPI fund5.20%unchanged
HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund3.89%+0.95 pp
Gayatri Devi Jain 3.38%unchanged
Shikha Jain 2.65%unchanged
Mukul Mahavir Agrawal 1.51%unchanged
Long Term India Fund FPI fund1.51%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 1.30%unchanged
Yarntex Exports Ltd 1.17%unchanged
Neha Singhvi 1.15%unchanged
Shivani Patodia 1.10%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Indo Count Industries Limited

Guides on how to read this kind of business and the numbers that matter.