Indo Count Industries Ltd


BSE: 521016 | NSE: ICIL | ISIN: INE483B01018 
Market Cap: [Rs.Cr.] 439 | Face Value: [Rs.] 10
Industry: Textiles - Cotton/Blended

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Company Profile

Incorporated in Nov.'88 as Vishnu Aluminium, a public limited company, Indo Count Industries (ICIL) acquired its present name in Apr.'90. The company was promoted by A K Jain, S Jain and associates. ICIL went public in Nov.'90 to part-finance a 100% EOU (inst. cap. : 26,208 spindles) to manufacture combed yarn at Gokal Shirgaon in Kolhapur, Maharashtra. The company mainly produces 60's and 2/60's combed cotton yarn. In 1994-95, the installed capacity was increased to 32,256 spindles with the commissioning of 6048 spindles. ICIL has been accredited with the ISO 9002 certification. ICIL further added 18,144 spindles and diversified into grey knitted fabric by installing 8 knitting machines. The scheme, being executed as unit number two, is run by a captive diesel power plant. The project was appraised by IFCI at a cost of Rs.53.6 cr. Part of this cost was met out of the foreign currency loan of US$ 11 mln sanctioned by IFCI. During 1999-2000, the company has been granted financial assistance under Technical Upgradation Fund Scheme for modernizing the spinning mill and for expansion in knitting capacity. To improve its quality,production and productivity the company has initiated modernisation programme for its plant & machinery under TUF scheme. The installed capacity of Spindleage-Cotton Yarn was increased upto 56448 Nos during 2001-02.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Arvind Ltd 5,639.30 15.15 2.39 7.85 16.5 15.8 1.03
Vardhman Textile 3,096.89 5.05 1.09 5.31 15.2 12.7 1.32
Sutlej Textiles 570.27 4.32 1.23 3.81 24.6 15.7 2.20
Indo Count Inds. 438.80 4.18 2.62 4.76 63.9 20.1 7.52
Nahar Indl. Ent. 297.41 4.30 0.52 4.44 7.5 11.2 2.06
Rajapalayam Mill 246.01 9.64 1.32 5.07 14.7 14.2 1.71
Ambika Cotton 243.87 5.07 0.94 2.36 14.9 18.1 0.59
Bannari Amm Spg. 199.63 6.32 0.82 4.63 13.5 13.0 1.97
DCM 166.24 6.69 0.78 4.57 13.0 12.3 0.95
RSL Inds. 148.34 16.16 2.43 2.97 8.3 7.5 0.42
SEL Mfg. Co 144.80 0.00 0.12 5.59 8.5 10.7 2.23
Suryalak. Cott. 143.89 17.66 0.67 4.47 3.8 8.8 1.60
Super Sales Ind. 136.92 8.11 1.50 2.90 15.0 17.3 1.50
Aarvee Denims 113.55 35.59 0.44 3.66 19.1 15.1 1.59
Ginni Filaments 108.45 2.55 0.84 4.40 16.4 13.9 4.30

Futures & Options Quote

 
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Strike Price: NA
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Average Price: NA
No. of Contracts Traded: NA
Open Interest: NA
Underlying: NA
Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

Anil Kumar Jain , Chairman & Managing Director  

R N Gupta , Joint Managing Director  

Dilip J Thakkar , Director  

Kamal Mitra , Director  


Company Head Office / Quarters:
Village Alte,
Taluka Hatkanangale,
Kolhapur,
Maharashtra-416109
Phone : 91-0230-2483105/3106/3276
Fax : 91-0230-2483275
E-mail : icilinvestors@indocount.com
Web : http://www.indocount.com
Registrars:
Link Intime India Pvt Ltd
A-40 II Flr Phase-II
Naraina Indl Area
Near Batra Banquet
New Delhi - 110 028

Fund Holding


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