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Indo Count Industries Limited (ICIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹87.4B

IC Indo Count Industries Limited ICIL · NSE
Price₹388.70
Fair Value₹88.52
Upside-77.2%
Quality48/100
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Mixed Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
0.34% dividend yield
Trails peers (5/14)
Narrow moat 27/100
Evidence: High Range ₹88.32 – ₹103.94 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price −0.2% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹103.94). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹441.05 ₹100.53 Fair Value ₹88.52 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹100.53 – ₹441.05 · fair‑value band ₹88.32 – ₹103.94 · the ₹388.70 price screens above the ₹88.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Indo Count Industries Limited (ICIL) currently trades at ₹388.70, while our model-based Fair Value estimate is ₹88.52, implying the stock looks roughly 77.2% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Indo Count Industries Limited generated revenue of ₹41.4B at a net margin of 3.1%. Revenue grew 3.4% year over year. It earns a return on equity of 5.5%. Net debt stands at ₹12.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹88.32 (bear case) to ₹103.94 (bull case); at ₹388.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 13% below its 52-week high and 79% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at -77%, ICIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹170.37 ₹357.60 ₹702.02 80
Residual Income ₹92.17 ₹93.93 ₹91.94 76
Rev-Margin DCF ₹122.35 ₹234.97 ₹397.96 74
All 13 models by family
DCF Models
Owner Earnings ₹52.58 ₹126.75 ₹276.56 31
5Y P/E Exit ₹86.47 ₹157.13 ₹242.18 38
10Y P/E Exit ₹113.47 ₹194.33 ₹318.79 35
Earnings-Based
Graham-Dodd ₹43.49 ₹281.68 ₹394.01 54
Lynch FV ₹81.80 ₹116.86 ₹151.91 50
Dividend Discount
Gordon GGM ₹18.36 ₹38.18 ₹60.57 70
DDM Multi-Stage ₹18.36 ₹32.20 ₹40.07 61
Multiples
P/E Multiple ₹62.36 ₹83.15 ₹103.94 63
P/B Multiple ₹81.55 ₹108.73 ₹135.92 55
Asset-Based
NCAV (Graham) ₹59.46 ₹79.68 ₹118.92 50
Growth DCF
Growth DCF ₹170.37 ₹357.60 ₹702.02 80
Rev-Margin DCF ₹122.35 ₹234.97 ₹397.96 74
Economic Profit
Residual Income ₹92.17 ₹93.93 ₹91.94 76

Widest divergence: Growth DCF (₹234.97) versus Dividend Discount (₹32.20). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹41.4B
Revenue growth (YoY) +3.4%
Net margin 3.1%
Return on equity 5.5%
Free cash flow ₹2.5B FY2026
P/E ratio 60.9
More key figures
Operating margin 4.1%
EPS (TTM) ₹6.38
Dividend yield 0.3%
EPS growth (YoY) +120%
Net debt ₹12.2B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 75

Profitability 43
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 84
Price trend over the last 3–12 months (market factor)
52W Momentum 85
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Indo Count Industries Limited manufactures and sells home textile products in India and internationally. The company offers bed sheets; fashion bedding products, such as matching and complementary sheets, comforters, duvet covers, quilts, pillows, shams, and skirts; utility bedding products comprising mattress pads, down alt comforters, filled pillows, and …

Full company description

Indo Count Industries Limited manufactures and sells home textile products in India and internationally. The company offers bed sheets; fashion bedding products, such as matching and complementary sheets, comforters, duvet covers, quilts, pillows, shams, and skirts; utility bedding products comprising mattress pads, down alt comforters, filled pillows, and protectors; institutional bedding products, which include euro-shams, and bedding products, such as flat sheets, printed bed sheets, fitted sheets, and bed skirts/valances. It sells its products under the Pure Earth, Boutique Living, Heirlooms of India, The Pure Collection, Atlas, Linen Closet, and Simply-put brands. The company sells its products through multi brand outlets, large format stores, and e-commerce platforms, as well as showrooms. Indo Count Industries Limited was incorporated in 1988 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Indo Count Industries Limited reported revenue of ₹41.4B in FY2026 versus ₹28.4B in FY2022, a compound +9.9%/yr. Reported net income was ₹1.3B in FY2026, compounding −22.9%/yr from FY2022.

Growth Quality 75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹41.4B
Latest YoY
−0.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.0%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.6%
Revenue +9.9%/yr
FY22 ₹28.4B
FY23 ₹27.8B
FY24 ₹32.7B
FY25 ₹41.5B
FY26 ₹41.4B
Net income −22.9%/yr
FY22 ₹3.6B
FY23 ₹2.8B
FY24 ₹3.4B
FY25 ₹2.5B
FY26 ₹1.3B
Character of growth · EPS growth decomposed (2015-2026) +1.1 % p.a.
Revenue per share +8.5 pp

of which total revenue +8.7 pp · buybacks/dilution −0.3 pp

EBIT margin −6.4 pp
Tax rate +1.2 pp
Residual (interest, one-offs) −2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

ICIL screens 77% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Indo Count Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/ICIL

Peer Group

Textile Manufacturing · 317 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Below median
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth 3% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 60.9× · Pricier than 75% of peers
P/B 3.71× · Pricier than 75% of peers
P/S (TTM) 2.11× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than median
EV/EBITDA 22.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 8
FUTURE 17 · sector 0
PAST 22 · sector 15
HEALTH 93 · sector 95
DIVIDEND 7 · sector 35

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,089 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%

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Frequently asked questions

Is Indo Count Industries Limited (ICIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹88.52 versus a price of ₹388.70, about −77% (overvalued).
What is the fair value of ICIL?
Our model-based fair value for Indo Count Industries Limited is ₹88.52 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹388.70.
What is the quality score of ICIL?
Indo Count Industries Limited has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Indo Count Industries Limited (ICIL)?
Indo Count Industries Limited reported trailing-twelve-month revenue of about ₹41.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ICIL?
The net profit margin of Indo Count Industries Limited is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Indo Count Industries Limited pay a dividend?
Indo Count Industries Limited currently shows a dividend yield of about 0.34% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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