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Hold Indo Count; target of Rs 150: ICICI Direct

ICICI Direct recommended hold rating on Indo Count with a target price of Rs 150 in its research report dated November 15, 2022.

November 24, 2022 / 03:46 PM IST
 
 
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ICICI Direct's research report on Indo Count


Indo Count is one of India’s largest home textile manufacturer and exporters with an extensive product range, which spans across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in the US. Indo Count is an integrated bedding solution provider, boasting capacity of 108 million metre per annum of dyeing/processing and cutting /sewing • ICIL exports to nearly 54 countries with the US being the prime market (~75% of revenues and commanding ~20%+ market share in bed sheets).


Outlook


We maintain HOLD rating on the stock. We value ICIL at Rs 150 i.e. 7x FY24E EPS.


For all recommendations report, click here

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Indo Count - 15 -11-2022 - icici
Broker Research
first published: Nov 24, 2022 03:46 pm