Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹266, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹124 per share. New Risk • Feb 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Feb 16
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹1.23 (down from ₹3.81 in 3Q 2025). Revenue: ₹10.7b (down 6.7% from 3Q 2025). Net income: ₹244.3m (down 68% from 3Q 2025). Profit margin: 2.3% (down from 6.6% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings. New Risk • Feb 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.0% net profit margin). Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹286, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹115 per share. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹318, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 145% over the past three years. Reported Earnings • Nov 12
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹1.97 (down from ₹4.12 in 2Q 2025). Revenue: ₹10.8b (up 4.4% from 2Q 2025). Net income: ₹390.3m (down 52% from 2Q 2025). Profit margin: 3.6% (down from 7.9% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₹299. The fair value is estimated to be ₹249, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 3.5%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹285, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹242 per share. Upcoming Dividend • Aug 04
Upcoming dividend of ₹2.00 per share Eligible shareholders must have bought the stock before 11 August 2025. Payment date: 29 August 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (0.6%). Reported Earnings • Jul 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹12.42 (down from ₹17.06 in FY 2024). Revenue: ₹41.5b (up 17% from FY 2024). Net income: ₹2.46b (down 27% from FY 2024). Profit margin: 5.9% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 08
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to ₹293. The fair value is estimated to be ₹239, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Price Target Changed • Jun 04
Price target decreased by 25% to ₹350 Down from ₹468, the current price target is provided by 1 analyst. New target price is 30% above last closing price of ₹270. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹15.00 for next year compared to ₹12.42 last year. New Risk • May 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • May 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: ₹12.42 (down from ₹17.06 in FY 2024). Revenue: ₹41.9b (up 18% from FY 2024). Net income: ₹2.46b (down 27% from FY 2024). Profit margin: 5.9% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • May 26
Indo Count Industries Limited to Report Q4, 2025 Results on May 30, 2025 Indo Count Industries Limited announced that they will report Q4, 2025 results on May 30, 2025 Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹340, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Luxury industry in India. Total returns to shareholders of 145% over the past three years. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Feb 12
Indo Count Industries Limited Announces Chief Financial Officer Changes Indo Count Industries Limited announced that the Board of Directors at its meeting held on 11th February, 2025 has inter alia approved the elevation of existing Chief Financial Officer- Mr. K. Muralidharan to the position of `Group Chief Financial Officer' of the Company; approved the appointment of Mr. Manish Bhatia as Chief Financial Officer and Key Managerial Personnel of the Company. Date of appointment is February 11, 2025. Mr. Manish Bhatia is a Commerce graduate and a member of the Institute of Chartered Accountants of India. With over 30 years of professional experience, he has a comprehensive background in accounting, taxation, auditing, legal affairs and financial management across a wide range of industries. Mr. Bhatia has played a key role in developing and executing strategic financial and business plans, including conceptualizing and implementation of financial procedures. He has robust skill set including MIS, Supply Chain Management, Business Strategy, Team Management, Operations Management. Reported Earnings • Feb 12
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: ₹3.81 (up from ₹2.93 in 3Q 2024). Revenue: ₹11.5b (up 61% from 3Q 2024). Net income: ₹754.7m (up 30% from 3Q 2024). Profit margin: 6.6% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
Indo Count Industries Limited to Report Q3, 2025 Results on Feb 11, 2025 Indo Count Industries Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Announcement • Feb 04
Indo Count Industries Limited Appoints Bijay Kumar Agarwal as Head- Accounts & Finance Indo Count Industries Limited informed that Mr. Bijay Kumar Agarwal has been appointed as Head- Accounts & Finance, being part of the Senior Management Personnel with effect from 3 February, 2025. Mr. Bijay Kumar Agarwal is a graduate in commerce and a member of the Institute of Chartered Accountants of India and having over 28 years of experience in handling Accounting, Finance, Treasury, Budgeting, MIS, Controls & Compliances, Audits, Working Capital management and overall operations management. He has worked with various industries like Apparels, Retails, Manufacturing and Service Industry. New Risk • Dec 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹400, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 30x in the Luxury industry in India. Total returns to shareholders of 60% over the past three years. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹4.12 (down from ₹5.77 in 2Q 2024). Revenue: ₹10.4b (up 3.6% from 2Q 2024). Net income: ₹815.4m (down 29% from 2Q 2024). Profit margin: 7.8% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Nov 04
Indo Count Industries Limited to Report Q2, 2025 Results on Nov 07, 2024 Indo Count Industries Limited announced that they will report Q2, 2025 results on Nov 07, 2024 Announcement • Aug 16
Indo Count Industries Limited Announces Completion of Tenure for Independent Directors Indo Count Industries Limited informed that Mr. Dilip Thakkar, Mr. Prem Malik and Dr. (Mrs.) Vaijayanti Pandit, who were appointed as an Independent Directors of the Company for the said period, has ceased to be an Independent Directors of the Company with effect from 16th August, 2024 due to completion of their tenure. The Board of Directors and Management of the Company places on record its deep appreciation for the invaluable contributions, guidance and services rendered by Mr. Dilip Thakkar, Mr. Prem Malik and Dr. (Mrs.) Vaijayanti Pandit during their tenure as Independent Directors of the Company. Announcement • Aug 02
Indo Count Industries Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 Indo Count Industries Limited at its Annual General Meeting held on August 1, 2024, approved Final Dividend of INR 2.2 per Equity Share of face value of INR 2 each for the Financial Year ended March 31, 2024. Announcement • Jul 24
Indo Count Industries Limited to Report Q1, 2025 Results on Jul 29, 2024 Indo Count Industries Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Upcoming Dividend • Jul 17
Upcoming dividend of ₹2.20 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 31 August 2024. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.1%). In line with average of industry peers (0.5%). Reported Earnings • Jul 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹17.06 (up from ₹13.98 in FY 2023). Revenue: ₹35.6b (up 18% from FY 2023). Net income: ₹3.38b (up 22% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Jul 10
Indo Count Industries Limited, Annual General Meeting, Aug 01, 2024 Indo Count Industries Limited, Annual General Meeting, Aug 01, 2024, at 12:00 Indian Standard Time. Announcement • Jul 09
Indo Count Industries Limited Proposes to Declare Final Dividend for the Financial Year Ended March 31, 2024 Indo Count Industries Limited at its Annual General Meeting held on August 1, 2024, approved to declare Final Dividend of INR 2.2 per Equity Share of face value of INR 2 each for the Financial Year ended March 31, 2024. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹447, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Luxury industry in India. Total returns to shareholders of 164% over the past three years. Price Target Changed • May 29
Price target increased by 31% to ₹452 Up from ₹345, the current price target is provided by 1 analyst. New target price is 28% above last closing price of ₹353. Stock is up 104% over the past year. The company is forecast to post earnings per share of ₹20.20 for next year compared to ₹17.06 last year. Reported Earnings • May 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: ₹17.06 (up from ₹13.98 in FY 2023). Revenue: ₹36.0b (up 20% from FY 2023). Net income: ₹3.38b (up 22% from FY 2023). Profit margin: 9.4% (up from 9.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹357, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Luxury industry in India. Total returns to shareholders of 179% over the past three years. Announcement • Jan 30
Indo Count Industries Limited Provides Production Guidance for the Fiscal Year 2024 Indo Count Industries Limited provided production guidance for the fiscal year 2024. For the period, Volume Guidance of 90 million -100 million Mtrs. & Margin Guidance of 16%-18% on track. Reported Earnings • Jan 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹2.93 (up from ₹1.90 in 3Q 2023). Revenue: ₹7.27b (up 11% from 3Q 2023). Net income: ₹580.6m (up 54% from 3Q 2023). Profit margin: 8.0% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 24
Indo Count Industries Limited to Report Q3, 2024 Results on Jan 29, 2024 Indo Count Industries Limited announced that they will report Q3, 2024 results on Jan 29, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: ₹5.77 (up from ₹3.38 in 2Q 2023). Revenue: ₹10.3b (up 22% from 2Q 2023). Net income: ₹1.14b (up 71% from 2Q 2023). Profit margin: 11% (up from 7.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 48%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹265, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Luxury industry in India. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹525 per share. Announcement • Aug 22
Indo Count Industries Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Indo Count Industries Limited at its Annual General Meeting held on August 21, 2023, approved to declare Final Dividend of INR 2 per Equity Share of face value of INR 2 each for the Financial Year ended March 31, 2023. Price Target Changed • Aug 12
Price target increased by 15% to ₹215 Up from ₹188, the current price target is an average from 2 analysts. New target price is 6.1% below last closing price of ₹229. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₹15.50 for next year compared to ₹13.97 last year. Upcoming Dividend • Aug 04
Upcoming dividend of ₹2.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 02
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹13.98 (down from ₹18.11 in FY 2022). Revenue: ₹30.1b (up 6.0% from FY 2022). Net income: ₹2.77b (down 23% from FY 2022). Profit margin: 9.2% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 59%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
Indo Count Industries Limited to Report Q1, 2024 Results on Aug 07, 2023 Indo Count Industries Limited announced that they will report Q1, 2024 results on Aug 07, 2023 Recent Insider Transactions • Jun 15
Insider recently sold ₹2.0m worth of stock On the 12th of June, Radha Garg sold around 10k shares on-market at roughly ₹204 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹201, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Luxury industry in India. Total returns to shareholders of 441% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹182 per share. Announcement • Jun 01
Indo Count Industries Limited, Annual General Meeting, Aug 21, 2023 Indo Count Industries Limited, Annual General Meeting, Aug 21, 2023. Reported Earnings • Jun 01
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹13.97 (down from ₹18.16 in FY 2022). Revenue: ₹30.4b (up 7.1% from FY 2022). Net income: ₹2.77b (down 23% from FY 2022). Profit margin: 9.1% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 59%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 31
Indo Count Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Indo Count Industries Limited recommended Final Dividend of INR 2 per equity share of INR 2 each for the Financial Year ended March 31, 2023. The said dividend, if declared at the upcoming Annual General Meeting (AGM), will be paid to the shareholders within 30 days of AGM. Announcement • May 25
Indo Count Industries Limited to Report Q4, 2023 Results on May 30, 2023 Indo Count Industries Limited announced that they will report Q4, 2023 results on May 30, 2023 Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹157, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 506% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹127, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Luxury industry in India. Total returns to shareholders of 372% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹59.88 per share. Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: ₹1.90 (vs ₹3.60 in 3Q 2022) Third quarter 2023 results: EPS: ₹1.90 (down from ₹3.60 in 3Q 2022). Revenue: ₹6.62b (down 13% from 3Q 2022). Net income: ₹377.1m (down 47% from 3Q 2022). Profit margin: 5.7% (down from 9.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Indo Count Industries Limited to Report Q3, 2023 Results on Feb 06, 2023 Indo Count Industries Limited announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: ₹3.38 (vs ₹4.30 in 2Q 2022) Second quarter 2023 results: EPS: ₹3.38 (down from ₹4.30 in 2Q 2022). Revenue: ₹8.44b (up 14% from 2Q 2022). Net income: ₹669.7m (down 21% from 2Q 2022). Profit margin: 7.9% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Additional Independent Director Siddharth Mehta was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.