This textile stock hits 52-week-low, brokerage sees 75% upside with BUY' rating
On the NSE the shares of Indo Count Industries touched 52-week-low today at 119.55 and closed at 119.60 level down by 2.05% from the previous close of 122.10.20-06-2022
20-06-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be interacting with Investors/Analysts, the details of which are below. Date Event Details Type of Interaction 16th June 2022 Group Meeting Physical Meeting This is to further inform you that the Q4 & FY22 Investor Presentation to be used in the aforesaid meet has been submitted to the stock exchange. This information is submitted to you pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. Kindly note that changes may happen due to exigencies on the part of Participants / Company.15-06-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be interacting with Investors, the details of which are below. Date Event Details Type of Interaction 14th June 2022 One x One Meeting Virtual Meeting This is to further inform you that the Q4 & FY22 Investor Presentation to be used in the aforesaid meet has been submitted to the stock exchange. This information is submitted to you pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. Kindly note that changes may happen due to exigencies on the part of Participants / Company.13-06-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Disclosure Of Related Party Transactions Under Regulation 23(9) Of SEBI (Listing Obligations And Disclosure Requirement) Regulations, 2015 ('The Regulations')
Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the disclosure of Related Party Transactions in the format specified under SEBI Circular bearing reference no. SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021, for the half year ended March 31, 2022.10-06-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the transcript of Earnings Conference Call held on May 30, 2022 for Q4 & FY 22 Results. The same is also available on Company's website i.e. www.indocount.com02-06-2022
INDO COUNT INDUSTRIES LTD. - 521016 - CAPEX Update
With reference to the captioned subject and further to our intimation dated March 18, 2021, we wish to inform the exchanges that the capex of Rs. ~50 crores has been utilized for modernizing the existing spinning unit with compact spinning technology. Further, increase in Home Textile capacity from 90 million meters to 108 million meters will be operational by Q3 FY23 when balancing utilities equipment are installed. The commensurate addition in cut/sew facilities and additional TOB capacity is in process and will be operational in H2FY23. Further, New CAPEX of Rs. ~270 crores was approved to enhance our spinning capacity at our subsidiary i.e. Pranavaditya Spinning Mills Limited. and is expected to become operational by Q3 of FY 2023.30-05-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Audio Recording Of The Investors' Conference Call Held On May 30, 2022 For Q4 & FY 22 Results
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that we have uploaded audio recording of the Investors' Conference Call on the website of the Company.30-05-2022
INDO COUNT INDUSTRIES LTD. - 521016 - Re-Appointment Of The Directors
We wish to inform the exchanges that based on the recommendation of Nomination and Remuneration Committee and subject to the approval of members in the ensuing Annual General Meeting, the following directors are re-appointed by the Board of Directors of the Company: 1. Mr. Anil Kumar Jain (DIN: 00086106) as a Whole Time Director designated as 'Executive Chairman' of the Company for a further period of 3 years w.e.f October 1, 2022. 2. Mr. Mohit Jain (DIN: 01473966) as a Whole Time Director designated as 'Executive Vice Chairman' of the Company for a further period of 3 years w.e.f. July 1, 2022. 3. Mr. Kamal Mitra (DIN: 01839261) as a Whole-Time Director Designated as 'Director (Works)' for a further period of 3 years w.e.f. October 1, 2022. The brief profiles & other details of Mr. Anil Kumar Jain, Executive Chairman, Mr. Mohit Jain, Executive Vice Chairman and Mr. Kamal Mitra, Director (Works) are given in Annexure I.30-05-2022
Q4FY22 Quarterly Result Announced for Indo Count Industries Ltd.
Textiles firm Indo Count Industries declares Q4FY22 result: Achieved Volume Guidance for FY22 Achieved Revenue Guidance for FY22 Achieved Margin Guidance for FY22 with EBITDA margins at 19.3% Completed acquisition of GHCL home textile business on 2nd April’22 Highest Dividend declared @ Rs.2 per equity shares of Rs. 2 each @100% Despite logistical and supply chain related challenges and high inflation affecting discretionary purchases, we were able to meet our FY22 volume guidance of 75 million metres FY22 sales volume was 75.8 million metres, and Q4FY22 sales volume was 17.6 million metres We were able to achieve revenue growth of 17%, EBITDA growth of 39%, and PAT growth of 44% in FY22 due to better raw material hedging and higher contribution from value added products Commenting on the results, Mr. Anil Kumar Jain - Executive Chairman said, “We delivered growth despite covid-related impact, geopolitical disruptions, rising inflation, supply chain challenges, and peak raw material prices. During the year, we acquired the GHCL home textile business, propelling us to become the largest global bed linen manufacturer. Even though the industry is facing unusual hurdles, we remain optimistic about the Indian home textile industry's future growth prospects.” Result PDF30-05-2022