Shares soared more than 5% on Tuesday.
On January 3rd, shares of Indo Count Industries Ltd soared by more than 5% to close at Rs 141.3. The share opened at Rs 136 and so far made intraday highs and lows at Rs 143.7 and Rs 133.75 respectively.
Indo Count Industries Ltd manufactures and exports bed sheets, bed linens and quilts. The company also provides bedding products to well-known hotels, resorts and other institutions.
We export to over 50 countries on 5 continents. As of 2022, more than 95% of the company’s revenue will come from its export business.
Fiscal 2022 was the company’s biggest year in terms of both revenue and net profit. Consolidated turnover for 2022 was Rs 2,842 million and net profit was Rs 359 million. In the most recent quarter, the company reported revenue of Rs 849 million for his September quarter. Net profit for the same quarter he was Rs 6.7 billion. Speaking of profitability, as of FY22, the company’s ROE and ROCE are 22.6% and 21.4%, respectively.
Regarding the shareholding pattern, 58.94% of the shares are owned by promoters, 9.28% by FII, 0.09% by DII and the remaining 31.69% by non-institutional investors.
The company has a market capitalization of Rs 2,798 crore and belongs to the BSE Small Cap Index. It is trading at his PE multiple of 8.87x. The 52-week high and low of the stock are Rs 275 and Rs 119.7 respectively.
