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Indo Count Industries

NSEI:ICIL
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ICIL
NSEI
₹9B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

Indo Count Industries Limited manufactures and sells home textile products in India. The last earnings update was 351 days ago. More info.


Add to Portfolio Compare Print
  • Indo Count Industries has significant price volatility in the past 3 months.
ICIL Share Price and Events
7 Day Returns
-6.4%
NSEI:ICIL
0.9%
IN Luxury
0.8%
IN Market
1 Year Returns
-51.6%
NSEI:ICIL
-3.2%
IN Luxury
-0.7%
IN Market
ICIL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indo Count Industries (ICIL) -6.4% -13.3% -12.4% -51.6% -77.5% 414.9%
IN Luxury 0.9% 1.6% 8.6% -3.2% 48.8% 161.5%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • ICIL underperformed the Luxury industry which returned -3.2% over the past year.
  • ICIL underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
ICIL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Indo Count Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indo Count Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indo Count Industries.

NSEI:ICIL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.7%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ICIL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (41.79%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.951 * 8.6%)
15.73%

Discounted Cash Flow Calculation for NSEI:ICIL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indo Count Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:ICIL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.73%)
2019 692.50 Analyst x2 598.37
2020 -374.00 Analyst x2 -279.24
2021 267.00 Analyst x1 172.25
2022 312.21 Est @ 16.93% 174.04
2023 356.28 Est @ 14.12% 171.61
2024 399.55 Est @ 12.15% 166.30
2025 442.58 Est @ 10.77% 159.17
2026 485.96 Est @ 9.8% 151.02
2027 530.31 Est @ 9.13% 142.40
2028 576.20 Est @ 8.65% 133.69
Present value of next 10 years cash flows ₹1,589.62
NSEI:ICIL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹576.20 × (1 + 7.55%) ÷ (15.73% – 7.55%)
₹7,575.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹7,575.63 ÷ (1 + 15.73%)10
₹1,757.72
NSEI:ICIL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,589.62 + ₹1,757.72
₹3,347.34
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹3,347.34 / 197.40
₹16.96
NSEI:ICIL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:ICIL represents 1.00214x of BSE:521016
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00214x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 16.96 x 1.00214
₹16.99
Value per share (INR) From above. ₹16.99
Current discount Discount to share price of ₹46.65
= -1 x (₹46.65 - ₹16.99) / ₹16.99
-174.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indo Count Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indo Count Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indo Count Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ICIL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-03-31) in INR ₹6.38
BSE:521016 Share Price ** BSE (2019-04-18) in INR ₹46.55
India Luxury Industry PE Ratio Median Figure of 240 Publicly-Listed Luxury Companies 12.25x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indo Count Industries.

NSEI:ICIL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:521016 Share Price ÷ EPS (both in INR)

= 46.55 ÷ 6.38

7.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indo Count Industries is good value based on earnings compared to the IN Luxury industry average.
  • Indo Count Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Indo Count Industries's expected growth come at a high price?
Raw Data
NSEI:ICIL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
4.7%per year
India Luxury Industry PEG Ratio Median Figure of 25 Publicly-Listed Luxury Companies 1.55x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

NSEI:ICIL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.29x ÷ 4.7%

1.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indo Count Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Indo Count Industries's assets?
Raw Data
NSEI:ICIL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-03-31) in INR ₹48.45
BSE:521016 Share Price * BSE (2019-04-18) in INR ₹46.55
India Luxury Industry PB Ratio Median Figure of 311 Publicly-Listed Luxury Companies 0.74x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
NSEI:ICIL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:521016 Share Price ÷ Book Value per Share (both in INR)

= 46.55 ÷ 48.45

0.96x

* Primary Listing of Indo Count Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indo Count Industries is overvalued based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Indo Count Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Indo Count Industries has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indo Count Industries expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indo Count Industries expected to grow at an attractive rate?
  • Indo Count Industries's earnings growth is positive but not above the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indo Count Industries's earnings growth is positive but not above the India market average.
  • Indo Count Industries's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:ICIL Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ICIL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 4.7%
NSEI:ICIL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.6%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ICIL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ICIL Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 24,422 1,049 1,392 2
2020-03-31 22,051 1,551 1,220 3
2019-03-31 20,800 1,120 1,066 3
NSEI:ICIL Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-03-31 18,585 423 1,260
2017-03-31 21,528 2,159 2,322
2016-03-31 20,627 1,528 2,514

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indo Count Industries's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • Indo Count Industries's revenue is expected to grow by 8.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ICIL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Indo Count Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ICIL Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 6.70 7.10 6.00 3.00
2020-03-31 5.99 7.06 5.50 4.00
2019-03-31 4.96 6.03 4.30 4.00
NSEI:ICIL Past Financials Data
Date (Data in INR Millions) EPS *
2018-03-31 6.38
2017-03-31 11.76
2016-03-31 12.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indo Count Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indo Count Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indo Count Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Indo Count Industries performed over the past 5 years?

  • Indo Count Industries's last earnings update was 351 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indo Count Industries's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Indo Count Industries's year on year earnings growth rate was positive over the past 5 years.
  • Indo Count Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Indo Count Industries's 1-year earnings growth is negative, it can't be compared to the IN Luxury industry average.
Earnings and Revenue History
Indo Count Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indo Count Industries Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ICIL Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-03-31 18,585.16 1,260.39 1,330.91
2017-03-31 21,528.18 2,322.39 1,310.44
2016-03-31 20,626.96 2,513.93 1,103.84
2015-03-31 17,168.92 1,455.42 874.61
2014-03-31 14,676.31 1,098.42 1,534.79
2013-03-31 11,867.78 292.16 1,205.91

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indo Count Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indo Count Industries used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
  • Indo Count Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indo Count Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indo Count Industries has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Indo Count Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indo Count Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indo Count Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indo Count Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indo Count Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indo Count Industries Company Filings, last reported 1 year ago.

NSEI:ICIL Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-03-31 9,637.71 3,839.82 180.74
2017-03-31 8,543.34 3,108.61 134.52
2016-03-31 6,387.16 4,092.11 398.41
2015-03-31 4,295.40 3,832.89 508.07
2014-03-31 2,971.19 4,340.72 313.30
2013-03-31 1,969.31 4,109.88 86.12
  • Indo Count Industries's level of debt (39.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (208.4% vs 39.8% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
X
Financial health checks
We assess Indo Count Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indo Count Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Indo Count Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Indo Count Industries dividends. Estimated to be 1.42% next year.
If you bought ₹2,000 of Indo Count Industries shares you are expected to receive ₹34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Indo Count Industries's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.5%).
  • Indo Count Industries's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ICIL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 110 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ICIL Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 0.60 2.00
2020-03-31 0.70 3.00
2019-03-31 0.67 3.00
NSEI:ICIL Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-14 0.800 1.459
2018-02-14 0.800 0.965
2017-05-15 0.800 0.627
2017-02-13 0.800 0.431
2016-07-04 0.400 0.244
2015-10-26 0.400 0.205

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Indo Count Industries has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Indo Count Industries only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Indo Count Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (11.2x coverage).
X
Income/ dividend checks
We assess Indo Count Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indo Count Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indo Count Industries has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Indo Count Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kailash Lalpuria
COMPENSATION ₹6,867,000
AGE 60
TENURE AS CEO 0.2 years
CEO Bio

Mr. Kailash Ramniwas Lalpuria has been Whole-Time Director of Indo Count Industries Ltd., since May 4, 2018 and its Chief Executive Officer since February 8, 2019. Mr. Lalpuria was a Group President of Indo Count Industries Ltd., since November 13, 2017. He served as an Executive Director at Indo Count Industries Ltd. from November 11, 2010 to November 13, 2017. A qualified Chartered Accountant, Mr. Lalpuria is a Science graduate from st. Xavier's College in Mumbai and has more than 35 years of experience in the Textile Sector. His expertise includes Strategic Growth of Organization, Planning Joint Ventures, Developing Overseas Sales Team, Contribution in overall Value Chain, New Areas of Business Development, Commercial Aspects of Export Business, Sales & Marketing and Customer Relationship Management. He has the entrepreneur skills to conceptualize business and establish it as a successful enterprise. He is also Director of Confederation of Indian Industry (CII) and on committees of TEXPROCIL and FICCI.

CEO Compensation
  • Kailash's compensation has been consistent with company performance over the past year.
  • Kailash's remuneration is higher than average for companies of similar size in India.
Management Team

Anil Jain

TITLE
Executive Chairman
COMPENSATION
₹50M

Kailash Lalpuria

TITLE
CEO & Executive Director
COMPENSATION
₹7M
AGE
60
TENURE
0.2 yrs

Amruta Avasare

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹3M
TENURE
3.2 yrs

Kamal Mitra

TITLE
Director of Works & Executive Director
COMPENSATION
₹3M
AGE
65

K. Muralidharan

TITLE
Chief Financial Officer

J. Arora

TITLE
President of Home Textiles

Sharad Mokashi

TITLE
Deputy Company Secretary
Board of Directors Tenure

Average tenure and age of the Indo Count Industries board of directors in years:

5.4
Average Tenure
65
Average Age
  • The tenure for the Indo Count Industries board of directors is about average.
Board of Directors

Anil Jain

TITLE
Executive Chairman
COMPENSATION
₹50M
TENURE
2.9 yrs

Kailash Lalpuria

TITLE
CEO & Executive Director
COMPENSATION
₹7M
AGE
60
TENURE
0.9 yrs

Mohit Jain

TITLE
Vice Chairman
COMPENSATION
₹35M
AGE
42
TENURE
0.8 yrs

Kamal Mitra

TITLE
Director of Works & Executive Director
COMPENSATION
₹3M
AGE
65
TENURE
10.5 yrs

Pradyumna Shah

TITLE
Independent Non-Executive Director
COMPENSATION
₹350K
AGE
89
TENURE
26.6 yrs

Prem Malik

TITLE
Independent Non-Executive Director
COMPENSATION
₹380K
AGE
76
TENURE
9.5 yrs

Vaijayanti Pandit

TITLE
Independent Non-Executive Director
COMPENSATION
₹380K
AGE
65
TENURE
5.4 yrs

Dilip Thakkar

TITLE
Independent Non-Executive Director
COMPENSATION
₹330K
AGE
82
TENURE
16.3 yrs

Sushil Jiwarajka

TITLE
Independent Director
COMPENSATION
₹160K
AGE
61
TENURE
0.9 yrs

Anand Ramanna

TITLE
Independent Non-Executive Director
COMPENSATION
₹350K
AGE
84
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Indo Count Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indo Count Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Did You Miss Indo Count Industries's (NSE:ICIL) Whopping 442% Share Price Gain?

It hasn't been the best quarter for Indo Count Industries Limited (NSE:ICIL) shareholders, since the share price has fallen 11% in that time. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Indo Count Industries achieved compound earnings per share (EPS) growth of 31% per year.

Simply Wall St -

Indo Count Industries Limited (NSE:ICIL): Time For A Financial Health Check

While small-cap stocks, such as Indo Count Industries Limited (NSE:ICIL) with its market cap of ₹7.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … since poor capital management may bring about bankruptcies,

Simply Wall St -

Is Indo Count Industries Limited (NSE:ICIL) A Smart Choice For Dividend Investors?

Indo Count Industries Limited (NSE:ICIL) has paid a dividend to shareholders in the last few years. … Does Indo Count Industries tick all the boxes of a great dividend stock? … View our latest analysis for Indo Count Industries

Simply Wall St -

Why Indo Count Industries Limited’s (NSE:ICIL) Use Of Investor Capital Doesn’t Look Great

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Could The Indo Count Industries Limited (NSE:ICIL) Ownership Structure Tell Us Something Useful?

Every investor in Indo Count Industries Limited (NSE:ICIL) should be aware of the most powerful shareholder groups. … Indo Count Industries is not a large company by global standards. … See our latest analysis for Indo Count Industries

Simply Wall St -

Should You Be Tempted To Buy Indo Count Industries Limited (NSE:ICIL) At Its Current PE Ratio?

Indo Count Industries Limited (NSE:ICIL) is currently trading at a trailing P/E of 12.7x, which is lower than the industry average of 16.3x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … See our latest analysis for Indo Count Industries

Simply Wall St -

What Does Indo Count Industries Limited's (NSE:ICIL) Ownership Structure Look Like?

In this analysis, my focus will be on developing a perspective on Indo Count Industries Limited’s (NSE:ICIL) latest ownership structure, a less discussed, but important factor. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … See our latest analysis for Indo Count Industries

Simply Wall St -

Intrinsic Calculation For Indo Count Industries Limited (NSE:ICIL) Shows Investors Are Overpaying

How far off is Indo Count Industries Limited (NSE:ICIL) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not July 2018 then I highly recommend you check out the latest calculation for Indo Count Industries by following the link below.

Simply Wall St -

What is Behind Indo Count Industries Limited's (NSE:ICIL) Superior ROE?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Indo Count Industries Limited (NSE:ICIL)’s return fundamentals and stock market performance. … Indo Count Industries Limited (NSE:ICIL) delivered an ROE of 13.00% over the past 12 months, which is an impressive feat relative to its industry average of 7.44% during the same period.

Simply Wall St -

What Makes Indo Count Industries Limited (NSE:ICIL) An Attractive Investment?

Indo Count Industries Limited (NSE:ICIL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of ICIL, it.

Simply Wall St -

Company Info

Description

Indo Count Industries Limited manufactures and sells home textile products in India. It offers bed sheets, including flat sheets, fitted sheets, and pillow cases; fashion bedding products, such as comforters, bed sheets, shams, quilts, coverlets, and decorative pillows; utility bedding products comprising mattress pads and protectors, and pillow shells; and institutional bedding products, which include basic white sheets, shams and pillows, bed skirts, and duvet covers. The company also produces cotton yarns, as well as provides bed linens. In addition, it operates showrooms in the United Kingdom, the United States, and Australia. The company sells its products primarily under the Harlequin, Scion, Sanderson, Boutique Living, Revival, The Pure Collection, Heirlooms of India, Boutique Living Coastal, Atlas, Morris & Co., and Haven brands through multi brand outlets, large format stores, merchants, importers, and e-commerce platform. It exports its products to approximately 54 countries. The company was incorporated in 1988 and is headquartered in Mumbai, India.

Details
Name: Indo Count Industries Limited
ICIL
Exchange: NSEI
Founded: 1988
₹9,188,954,638
197,399,670
Website: http://www.indocount.com
Address: Indo Count Industries Limited
301, Arcadia,
3rd Floor,
Mumbai,
Maharashtra, 400021,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 521016 Equity Shares Mumbai Stock Exchange IN INR 31. Aug 1995
NSEI ICIL Equity Shares National Stock Exchange of India IN INR 31. Aug 1995
Number of employees
Current staff
Staff numbers
0
Indo Count Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:49
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2018/05/04
Last earnings reported: 2018/03/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.