Buy Indo Count; target of Rs 300: ICICI Direct

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26 Aug, 2025 12:21

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ICICI Direct's research report on Indo Count

Indo Count (ICIL) is one of India’s largest home textile manufacturer, exporter with an extensive product range spanning across bed sheets, quilts & bed linen. It has a presence in top nine out of 10 top big box retailers in US. ICIL is an integrated bedding solution provider, boasting capacity of 90 million metre 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)

Outlook

We maintain BUY recommendation on the stock We value ICIL at Rs 300 i.e. 15x FY23E EPS

More Info on Trent

At 15:27 hrs Indo Count Industries was quoting at Rs 207.20, down Rs 6.80, or 3.18 percent.

It has touched an intraday high of Rs 218.90 and an intraday low of Rs 207.05.

It was trading with volumes of 27,864 shares, compared to its thirty day average of 38,090 shares, a decrease of -26.85 percent.

In the previous trading session, the share closed up 4.11 percent or Rs 8.45 at Rs 214.00.

The share touched its 52-week high Rs 314.80 and 52-week low Rs 113.00 on 11 October, 2021 and 18 March, 2021, respectively.

Currently, it is trading 34.18 percent below its 52-week high and 83.36 percent above its 52-week low.

Market capitalisation stands at Rs 4,090.12 crore.

For all recommendations report, click here

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