This small-cap textile stock is among the top gainers on September 20

This small-cap textile stock is among the top gainers on September 20

Indian Market
by 5paisa Research Team Last Updated: 2022-09-20T12:07:54+05:30

Shares of Indo Count Industries Ltd surged more than 7% on the day.

On September 20, the market is trading in green. At 11:47 am, the S&P BSE Sensex is trading at 59917.53, up 1.31% on the day, while NIFTY50 is up 1.4% and trading at 17869.4. On the sectoral front, Realty and Auto are top gainers, while healthcare is underperforming today. About stock-specific action, Indo Count Industries Ltd is among the top gainers in BSE group ‘A’.

The shares of Indo Count Industries Ltd have surged more than 7% and are trading at Rs 154.5, as of 11:47 am. The stock opened at Rs 147.05 and so far, has made an intraday high and low of Rs 158.55 and Rs 147.05, respectively.

Indo Count Industries Ltd is involved in the business of manufacturing and exporting bed sheets, bed linen, and quilts. The company also offers bedding products to renowned hotels, resorts, and other institutions.

It exports to more than 50 Countries across five continents. As per FY22, more than 95% of the company’s revenue comes from the export business.

FY22 was the biggest year for the company in terms of both revenue and net profit generated. FY22 consolidated revenue stood at Rs 2842 crore while generating a net profit of Rs 359 crore. For the latest June quarter, the company reported a revenue of Rs 722 crore. For the same quarter, the net profit was recorded at Rs 77 crore. Talking about profitability ratio, as per FY22, the company has ROE and ROCE of 22.6% and 21.4%, respectively.

About the shareholding pattern, 58.94% of the stake is owned by the promoters, 9.28% by FIIs, 0.09% by DIIs, and the rest 31.69% by the non-institutional investors.

The company has a market capitalization of Rs 3083 crore and belongs to BSE small cap index. It is trading at a PE multiple of 9x. The stock has a 52-week high and low of Rs 314.8 and Rs 119.7, respectively.


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