More than 95 per cent of the revenue comes from exports for this bed sheet manufacturer stock; do you own it?

On September 20, shares of the company surged more than 5 per cent

Shares of Indo Count Industries Ltd surged more than 5 per cent and closed at Rs 153.8 today. The stock opened at Rs 147.05 and its intraday high and low were Rs 158.55 and Rs 147.05, respectively.  

Indo Count Industries Ltd is a textile company that manufactures and exports bed sheets, bed linen, and quilts. It sells its products to over 50 countries in different five continents. According to FY22, the export business accounted for more than 95 per cent 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. 

The company reported revenue of Rs 722 crore for the most recent Q1FY23 quarter. The net profit for the same quarter was Rs 77 crore. Regarding profitability, the company has an ROE and ROCE of 22.6 per cent and 21.4 per cent, respectively, as of the FY22 period ending. 

In terms of shareholding, the promoters own 58.94 per cent, FIIs own 9.28 per cent, DIIs own 0.09 per cent, and non-institutional investors own the remaining 31.69 per cent. 

The company is part of the BSE small-cap index and has a market capitalisation of Rs 3036 crore. It is currently trading at a PE multiple of 9x. The stock has a 52-week high of Rs 314.8 and a low of Rs 119.7.