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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 August 03, 2022.

August 06, 2022 / 10:00 AM 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 spanning 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 90 million meters per annum of dyeing/processing and cutting /sewing • It exports to nearly 54 countries with US being the prime market (~75% of revenues and commanding ~20%+ market share in bed sheets).


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


For all recommendations report, click here

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Indo Count - 040822 - ic

Broker Research
first published: Aug 6, 2022 10:00 am
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