Makes home textiles — bed sheets, pillowcases, quilts and utility bedding — primarily for retailers and brands in the United States, with growing access to the European Union under a recent FTA. Manufacturing is split across Indian facilities (including a spinning mill in Kolhapur and a finishing plant at Bhilad, Gujarat) and three US greenfield pillow plants in North Carolina; the latest was commissioned in Q3 FY26 with 18 million pillows of annual capacity, taking total US pillow capacity to 31 million units a year. The product mix splits into a 'core' home-textile business and a 'new business' bucket of utility bedding and US brand operations (Wamsutta relaunched as a D2C brand in July 2025, plus a Tommy Hilfiger licence), which together scaled from USD 33 million in FY25 to USD 90 million in FY26 and were running at a USD 100 million annualised rate in Q3 FY26. Revenue in FY26 was ₹4,141 crore at an EBITDA margin of 11.14%, weighed down by US tariff volatility that swung from 10% to 50% and back during the year. Materials are the biggest input cost at 41.4% of revenue, followed by other operating expenses at 32.4% and employee costs at 12.5%. FY27 capex is guided at ₹125–150 crore, including an ₹85 crore expansion of the Kolhapur spinning facility that raises installed spindle count from 70,000 to 94,000. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Core home textiles, Utility bedding and US brands. Export-oriented home-textile manufacturer; asset-heavy with Indian and US production; exposed to US discretionary demand and tariff cycles
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,842 | 3,012 | 3,557 | 4,151 | 4,141 |
| EBITDA (ex other income) | 434 | 454 | 559 | 534 | 392 |
| margin % | 15.3 | 15.1 | 15.7 | 12.9 | 9.5 |
| Owners' profit | (27) | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 18.16 | 13.97 | 17.06 | 12.42 | 6.40 |
| ROE % · ROCE % | 22.5 · 30.2 | 15.4 · 20.0 | 16.2 · 21.8 | 10.8 · 15.5 | 5.4 · 9.8 |
| Debt / equity (x) | 0.82 | 0.47 | 0.44 | 0.53 | 0.46 |
| Cash from operations | (345) | 767 | 146 | 394 | 573 |
| Capex | 0 | 0 | (135) | (252) | (202) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,036 | 1,152 | 1,023 | 959 | 1,062 | 1,063 | 1,058 | 1,207 |
| Profit before tax | 111 | 100 | 16 | 49 | 52 | 33 | 30 | 84 |
| Net profit | 82 | 75 | 11 | 38 | 39 | 24 | 24 | 63 |
| EPS (₹) | 4.12 | 3.81 | 0.57 | 1.91 | 1.97 | 1.23 | 1.23 | 3.19 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 26 Aug 2026 · Indo Count to attend Elara India Dialogue 2026 investor meet on Sept 2 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Indo Count AGM 2026: All 6 resolutions passed, dividend of Rs 1.50 declared | board shareholder meetings | low | — | — |
| 25 Aug 2026 · 37th AGM proposes final dividend of Rs 1.50 per share | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Indo Count Q1 FY27: Record revenue INR1,224 cr, EBITDA margin at 13.1% | investor communications | medium | — | — |
| 13 Aug 2026 · Audio recording of Q1FY27 investors call uploaded on website | investor communications | low | — | — |
| 12 Aug 2026 · Indo Count elevates Pankaj Saxena as President - Retail | management changes | medium | — | — |
| 12 Aug 2026 · Partial Resumption of Operations at Bhilad, Gujarat Facility | capex operations | high | — | — |
| 12 Aug 2026 · Q1 FY27 Results: Record Revenue of Rs. 1,224 Cr, PAT up 62% | compliance | low | — | — |
| 12 Aug 2026 · Indo Count Q1 FY27: Record revenue Rs 1,224 Cr, margin recovers to 13.1% | investor communications | medium | — | — |
| 12 Aug 2026 · Q1 FY27: revenue up 26%, PAT up 62% YoY on consolidated basis | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDO COUNT INDUSTRIES LTD ◆ | 8,757 | 58.0 | 3.72 | 21.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 58.0 | 14.8 | 178 of 205 | 13% |
| P/B | 3.7 | 1.3 | 159 of 183 | 13% |
| ROCE | 5.4 | 4.2 | 104 of 227 | 54% |
| ROE | 5.4 | 4.8 | 98 of 214 | 55% |
| Debt / Equity | 0.5 | 0.3 | 127 of 214 | 41% |
| EBITDA margin | 13.3 | 9.8 | 66 of 198 | 67% |
| Revenue growth | 25.9 | 6.9 | 47 of 192 | 76% |
| Profit growth | 67.3 | 20.0 | 70 of 203 | 66% |
| Market cap | 8757 | 63 | 5 of 221 | 98% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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