Shares of this home textiles and bedding business are buzzing on the bourses today

Shares of this home textiles and bedding business are buzzing on the bourses today

Indian Market
by 5paisa Research Team Last Updated: 2022-10-31T13:24:44+05:30

On October 31, the market is trading green. At 11:18 am, the S&P BSE Sensex is trading at 60,617.88, up 12.43%, while NIFTY50 is 1% up on the day and trading at 17,972.05.

About sectoral performance, Auto and IT are among the top gainers, while Metal is the top loser for the day. Regarding stock-specific action, Indo Count Industries Ltd is among the top gainers.  

Shares of Indo Count Industries Ltd have surged 12.43% and are trading at Rs 147, as of 11:20 am. The stock opened at Rs 131 and so far, has made an intraday high and low of Rs 148.75 and Rs 131, respectively. 

Indo Count Industries Ltd is engaged in the home textiles & bedding business. It manufactures and exports bed sheets, bed linen, and quilts. It sells its products to over 50 countries on different five continents. According to FY22, the export business accounted for more than 95% of the company's revenue. 

In terms of revenue and net profit, FY22 was the most successful year for the company. The consolidated revenue for FY22 was Rs 2842 crore, while the net profit remained at Rs 359 crore. 

For Q1FY23, the company reported revenue of Rs 722 crore. The same quarter's net profit was Rs 77 crore. As of the end of the FY22 period, the company's ROE, ROCE, and dividend yield were 22.6%, 21.4%, and 1.4%, respectively.

The promoters own 58.94% of the company's shares, followed by FIIs with 9.28%, DIIs with 0.09%, and non-institutional investors with the remaining 31.69%.

The company is part of the BSE small-cap index and has a market capitalization of Rs 2,797 crore. It is currently trading at a PE multiple of 8.38x.  

The stock has a 52-week high of Rs 279.80 and a low of Rs 119.7.


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