For this small-cap textile stock, 95 per cent of the revenue comes from exports

The stock surged more than 5 per cent on Tuesday.

On January 3, the shares of Indo Count Industries Ltd surged more than 5 per cent and closed trading at Rs 141.3. The stock opened at Rs 136 and so far, has made an intraday high and low of Rs 143.7 and Rs 133.75, 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 per cent 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 September quarter, the company reported a revenue of Rs 849 crore. For the same quarter, the net profit stood at Rs 67 crore. Talking about the profitability ratio, as per FY22, the company has ROE and ROCE of 22.6 per cent and 21.4 per cent, respectively.  

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

The company has a market capitalization of Rs 2798 crore and belongs to BSE small cap index. It is trading at a PE multiple of 8.87x. The stock has a 52-week high and low of Rs 275 and Rs 119.7, respectively.