- #1,140 Anil Kumar Jain & family ₹2,200 Cr

About Indo Count Industries Limited
Data last updated:
Indo Count Industries Limited is a public limited company based in Kolhapur, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 November 1988 and has been in existence for over 38 years.
Its director Anil Kumar Jain and family are #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L72200PN1988PLC068972. Its GSTIN is 27AAACI0866P1Z5 (Maharashtra). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 521016 and NSE: ICIL.
The company has an authorised share capital of ₹79.27 Cr and a paid-up capital of ₹39.61 Cr. It was formerly known as Vishnu Aluminium Limited. It is led by directors including Mohit Anilkumar Jain (Whole-Time Director) and Anil Kumar Jain (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Office No. 1 Plot No. 266 Village Alte Kumbhoj Road Taluka Hatkanangale, Kolhapur, Maharashtra, India – 416109.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,141.35 Cr, a decline of 0.2% compared to the previous year. For the same year it recorded a net profit of ₹127.88 Cr (net margin 3.1%) and EBITDA of ₹391.97 Cr (EBITDA margin 9.5%). The net worth stands at ₹2,355.3 Cr (up 3.2% YoY). Total assets are valued at ₹3,797.24 Cr (down 0.4% YoY).
The company has about 2,469 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Boutique Living India, Layers India and Indo Count. As per MCA filings, the company has open charges of ₹1,980 Cr and satisfied charges of ₹2,942.36 Cr on record. Court records list 127 cases involving the company, including 50 filed by the company and 77 filed against it; 21 cases are pending. The company has 7 deals on record (6 market trades, 1 funding round), with disclosed funding of ₹13.1 Lakh; the latest was in July 2024. The company has 20 MSME Form 1 returns on record between 2016 and 2024, listing 3,134 overdue payments to 217 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indocount.com.
Company details
CIN history
Indo Count Industries has one previous CIN (Corporate Identification Number): L72200MH1901PLC068972. The current CIN is L72200PN1988PLC068972, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72200PN1988PLC068972 | Current |
| L72200MH1901PLC068972 | Previous |
Recognitions & Rankings of Indo Count Industries
Contact details
Indo Count Industries Limited's registered office is in Kolhapur, Maharashtra. Its website is indocount.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 1 Plot No. 266 Village Alte Kumbhoj Road Taluka Hatkanangale, Kolhapur, Maharashtra, India – 416109
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Indo Count Industries Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indo Count Industries operates multiple associated brands including Boutique Living India, Layers India, and Indo Count. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online retailer offering bedding, bath towels, and home essentials. | boutiquelivingindia.com | |
| Home textile products including bed sheets and bedding are manufactured. | indocount.com | |
| Home textiles encompassing bedsheets, pillow covers, and towels in India. | layersindia.com |
Business activity
The main business activity of Indo Count Industries is manufacturing. In detail, this covers manufacture of textiles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 13 | Manufacture of textiles |
To see the full business activity and turnover split of Indo Count Industries Limited, buy the company report.
Financials of Indo Count Industries Limited
FY 2025-26 filings availableIndo Count Industries Limited reported revenue of ₹4,141.35 Cr (down 0.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,141 | 4,151 | 3,557 | 3,012 | 2,842 | 2,519 | 2,080 |
| Revenue growth | -0.2% | +16.7% | +18.1% | +6.0% | +12.8% | +21.1% | - |
| EBITDA | 392 | 537 | 559 | 454 | 434 | 373 | 84.74 |
| EBITDA margin | +9.5% | +12.9% | +15.7% | +15.1% | +15.3% | +14.8% | +4.1% |
| Profit before tax | 166 | 338 | 450 | 359 | 486 | 340 | 56.67 |
| Net profit | 128 | 251 | 340 | 276 | 357 | 254 | 140 |
| Net profit margin | +3.1% | +6.0% | +9.6% | +9.2% | +12.6% | +10.1% | +6.7% |
| EPS (₹) | 6.40 | 12.62 | 17.06 | 13.97 | 18.17 | 12.70 | 3.74 |
| Balance sheet | |||||||
| Total assets | 3,797 | 3,813 | 3,092 | 2,686 | 2,921 | 1,878 | 1,362 |
| Net worth | 2,355 | 2,282 | 2,089 | 1,793 | 1,591 | 1,285 | 986 |
| Total debt | 1,342 | 1,448 | 956 | 876 | 1,319 | 577 | 349 |
| Cash & bank | 124 | 117 | 103 | 108 | 400 | 39.96 | 150 |
| Net working capital | 1,585 | 1,737 | 1,616 | 1,266 | 1,966 | 1,210 | 829 |
| Cash flow | |||||||
| Cash from operations | 573 | 394 | 146 | 755 | (37.12) | (19.70) | 140 |
| Cash from investing | (217) | (485) | (97.55) | (474) | (258) | (189) | 16.06 |
| Cash from financing | (349) | 105 | (47.35) | (574) | 646 | 185 | (39.58) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,207 | 1,058 | 1,063 | 1,062 | 959 | 1,023 | 1,152 | 1,036 |
| Revenue growth (YoY) | +25.9% | +3.4% | -7.7% | +2.5% | +1.8% | - | - | - |
| Other income | 17.05 | 30.05 | 11.41 | 19.43 | 8.61 | 5.97 | 16.06 | 8.94 |
| EBITDA | 143 | 86.32 | 91.00 | 104 | 111 | 89.78 | 146 | 157 |
| EBITDA margin | +11.9% | +8.2% | +8.6% | +9.8% | +11.6% | +8.8% | +12.7% | +15.1% |
| Depreciation | 45.34 | 42.61 | 39.39 | 39.20 | 37.97 | 34.06 | 31.52 | 25.35 |
| Interest | 31.56 | 43.60 | 29.52 | 31.82 | 31.11 | 36.15 | 35.53 | 30.48 |
| Profit before tax | 83.51 | 30.16 | 33.50 | 52.07 | 50.54 | 25.54 | 94.86 | 110 |
| Tax | 20.28 | 5.95 | 9.06 | 13.03 | 11.52 | 4.50 | 24.09 | 29.25 |
| Net profit | 63.23 | 24.21 | 24.44 | 39.04 | 39.02 | 21.04 | 70.77 | 80.38 |
| EPS (₹) | 3.19 | 1.23 | 1.23 | 1.97 | 1.97 | 1.06 | 3.57 | 4.06 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,098 | 3,772 | 3,332 | 2,784 | 2,806 | 2,515 | 1,965 |
| Revenue growth | -17.9% | +13.2% | +19.7% | -0.8% | +11.6% | +28.0% | - |
| EBITDA | 298 | 464 | 523 | 409 | 397 | 382 | 79.49 |
| EBITDA margin | +9.6% | +12.3% | +15.7% | +14.7% | +14.2% | +15.2% | +4.1% |
| Profit before tax | 191 | 323 | 431 | 323 | 456 | 353 | 56.23 |
| Net profit | 146 | 238 | 322 | 238 | 338 | 261 | 142 |
| Net profit margin | +4.7% | +6.3% | +9.7% | +8.5% | +12.0% | +10.4% | +7.2% |
| EPS (₹) | 7.30 | 11.98 | 16.17 | 12.03 | 17.16 | 13.18 | 3.74 |
| Balance sheet | |||||||
| Total assets | 3,199 | 3,346 | 3,031 | 2,635 | 2,801 | 1,831 | 1,340 |
| Net worth | 2,316 | 2,236 | 2,047 | 1,765 | 1,577 | 1,274 | 972 |
| Total debt | 824 | 1,061 | 936 | 853 | 1,214 | 546 | 348 |
| Cash & bank | 86.75 | 87.06 | 87.25 | 77.67 | 358 | 29.97 | 128 |
| Net working capital | 1,551 | 1,687 | 1,595 | 1,224 | 1,807 | 1,168 | 810 |
| Cash flow | |||||||
| Cash from operations | 420 | 270 | 143 | 631 | (5.28) | 23.14 | 101 |
| Cash from investing | (39.80) | (207) | (89.39) | (452) | (257) | (196) | 16.31 |
| Cash from financing | (379) | (64.16) | (37.84) | (460) | 581 | 158 | (9.20) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 819 | 758 | 779 | 828 | 733 | 865 | 1,009 | 991 |
| Revenue growth (YoY) | +11.8% | -12.4% | -22.8% | -16.5% | -19.1% | - | - | - |
| Other income | 20.29 | 32.50 | 14.43 | 22.32 | 11.38 | 8.81 | 18.89 | 11.25 |
| Total expenses | 706 | 691 | 716 | 747 | 645 | 813 | 887 | 841 |
| EBITDA | 114 | 66.53 | 63.30 | 80.52 | 87.80 | 52.22 | 122 | 150 |
| EBITDA margin | +13.9% | +8.8% | +8.1% | +9.7% | +12.0% | +6.0% | +12.1% | +15.2% |
| Depreciation | 24.19 | 23.12 | 23.56 | 23.44 | 22.99 | 21.16 | 21.21 | 20.38 |
| Interest | 18.77 | 31.05 | 19.64 | 22.30 | 22.07 | 28.09 | 29.43 | 29.19 |
| Profit before tax | 90.88 | 44.86 | 34.53 | 57.10 | 54.12 | 11.78 | 90.22 | 112 |
| Tax | 24.09 | 8.07 | 9.24 | 14.84 | 13.84 | 3.60 | 23.30 | 28.94 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,207 | 1,058 | 1,063 | 1,062 | 959 | 1,023 | 1,152 | 1,036 |
| Revenue growth (YoY) | +25.9% | +3.4% | -7.7% | +2.5% | +1.8% | - | - | - |
| Other income | 17.05 | 30.05 | 11.41 | 19.43 | 8.61 | 5.97 | 16.06 | 8.94 |
| EBITDA | 143 | 86.32 | 91.00 | 104 | 111 | 89.78 | 146 | 157 |
| EBITDA margin | +11.9% | +8.2% | +8.6% | +9.8% | +11.6% | +8.8% | +12.7% | +15.1% |
| Depreciation | 45.34 | 42.61 | 39.39 | 39.20 | 37.97 | 34.06 | 31.52 | 25.35 |
| Interest | 31.56 | 43.60 | 29.52 | 31.82 | 31.11 | 36.15 | 35.53 | 30.48 |
| Profit before tax | 83.51 | 30.16 | 33.50 | 52.07 | 50.54 | 25.54 | 94.86 | 110 |
| Tax | 20.28 | 5.95 | 9.06 | 13.03 | 11.52 | 4.50 | 24.09 | 29.25 |
| Net profit | 63.23 | 24.21 | 24.44 | 39.04 | 39.02 | 21.04 | 70.77 | 80.38 |
| EPS (₹) | 3.19 | 1.23 | 1.23 | 1.97 | 1.97 | 1.06 | 3.57 | 4.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,141 | 4,151 | 3,557 | 3,012 | 2,842 | 2,519 | 2,080 |
| Revenue growth | -0.2% | +16.7% | +18.1% | +6.0% | +12.8% | +21.1% | - |
| Other income | 69.50 | 39.51 | 43.72 | 31.43 | 140 | 37.83 | 54.64 |
| Total expenses | 3,749 | 3,614 | 2,998 | 2,557 | 2,408 | 2,146 | 1,995 |
| Employee cost | 493 | 403 | 283 | 242 | 164 | 135 | 136 |
| EBITDA | 392 | 537 | 559 | 454 | 434 | 373 | 84.74 |
| EBITDA margin | +9.5% | +12.9% | +15.7% | +15.1% | +15.3% | +14.8% | +4.1% |
| Depreciation | 159 | 116 | 82.58 | 64.73 | 40.91 | 43.15 | 43.46 |
| Interest | 136 | 123 | 69.85 | 62.38 | 47.36 | 28.08 | 39.25 |
| Profit before tax | 166 | 338 | 450 | 359 | 486 | 340 | 56.67 |
| Tax | 39.57 | 87.65 | 112 | 81.81 | 127 | 90.50 | (16.42) |
| Net profit | 128 | 251 | 340 | 276 | 357 | 254 | 140 |
| Net profit margin | +3.1% | +6.0% | +9.6% | +9.2% | +12.6% | +10.1% | +6.7% |
| EPS (₹) | 6.40 | 12.62 | 17.06 | 13.97 | 18.17 | 12.70 | 3.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 39.61 | 39.61 | 39.61 | 39.61 | 39.48 | 39.48 | 39.48 |
| Reserves & surplus | 2,316 | 2,242 | 2,049 | 1,753 | 1,551 | 1,245 | 947 |
| Shareholders' funds (net worth) | 2,355 | 2,282 | 2,089 | 1,793 | 1,591 | 1,285 | 986 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.52 | 6.94 |
| Secured loans | 670 | 848 | 914 | 841 | 1,290 | 556 | 329 |
| Unsecured loans | 672 | 600 | 41.85 | 35.44 | 29.09 | 21.06 | 19.91 |
| Total debt | 1,342 | 1,448 | 956 | 876 | 1,319 | 577 | 349 |
| Total liabilities | 3,797 | 3,813 | 3,092 | 2,686 | 2,921 | 1,878 | 1,362 |
| Assets | |||||||
| Gross block | 2,949 | 2,602 | 1,958 | 1,641 | 1,114 | 1,048 | 1,019 |
| Net block | 2,084 | 1,895 | 1,355 | 1,110 | 631 | 561 | 556 |
| Capital work in progress | 4.99 | 50.21 | 34.55 | 183 | 23.94 | 7.72 | 5.86 |
| Investments | 190 | 139 | 133 | 143 | 1.50 | 167 | 0.10 |
| Inventories | 1,251 | 1,158 | 1,143 | 895 | 1,068 | 718 | 524 |
| Sundry debtors | 513 | 592 | 452 | 397 | 494 | 516 | 242 |
| Cash & bank balances | 124 | 117 | 103 | 108 | 400 | 39.96 | 150 |
| Loans & advances | 312 | 212 | 310 | 158 | 278 | 274 | 188 |
| Total current assets | 2,200 | 2,079 | 2,007 | 1,558 | 2,241 | 1,548 | 1,105 |
| Total current liabilities | 615 | 342 | 392 | 292 | 275 | 338 | 276 |
| Net working capital | 1,585 | 1,737 | 1,616 | 1,266 | 1,966 | 1,210 | 829 |
| Total assets | 3,797 | 3,813 | 3,092 | 2,686 | 2,921 | 1,878 | 1,362 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 106 | 92.56 | 91.66 | 385 | 33.18 | 56.18 | 23.12 |
| Net cash from operating activities | 573 | 394 | 146 | 755 | (37.12) | (19.70) | 140 |
| Net cash from investing activities | (217) | (485) | (97.55) | (474) | (258) | (189) | 16.06 |
| Net cash from financing activities | (349) | 105 | (47.35) | (574) | 646 | 185 | (39.58) |
| Net change in cash | 7.33 | 13.67 | 0.90 | (293) | 352 | (23.00) | 116 |
| Closing cash | 124 | 117 | 103 | 108 | 400 | 39.96 | 150 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -0.2% | +16.7% | +18.1% | +6.0% | +12.8% | +21.1% | - |
| EBITDA growth | -27.0% | -3.9% | +23.1% | +4.6% | +16.4% | +340.2% | - |
| PBT growth | -50.8% | -25.0% | +25.6% | -26.2% | +43.1% | +499.3% | -40.6% |
| Net income growth | -49.0% | -26.2% | +23.0% | -22.7% | +40.9% | +81.7% | - |
| Revenue CAGR (3Y) | +11.2% | +13.5% | +12.2% | +13.1% | +13.7% | +10.7% | -1.1% |
| EBITDA CAGR (3Y) | -4.8% | +7.4% | +14.4% | +75.0% | +40.7% | +31.9% | -36.0% |
| Profitability & leverage | |||||||
| Net income margin | +3.1% | +6.0% | +9.5% | +9.2% | +12.6% | +9.9% | +3.5% |
| Return on capital employed | +7.9% | +13.4% | +18.0% | +15.0% | +22.3% | +22.8% | +14.5% |
| Return on net worth | +5.5% | +11.4% | +17.4% | +16.4% | +24.9% | +21.9% | +14.2% |
| Debt / equity | 0.60 | 0.55 | 0.47 | 0.65 | 0.66 | 0.41 | 0.35 |
| Long-term debt / equity | 0.22 | 0.15 | 0.11 | 0.11 | 0.05 | 0.03 | 0.05 |
| Interest cover | 58.44 | 29.23 | 14.66 | 16.01 | 12.05 | 8.51 | 95.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.49 | 1.82 | 1.98 | 2.19 | 2.63 | 2.41 | 2.06 |
| Inventory turnover | 3.44 | 3.61 | 3.49 | 3.07 | 3.18 | 4.06 | 3.95 |
| Debtors turnover | 7.50 | 7.96 | 8.38 | 6.76 | 5.63 | 6.65 | 8.36 |
| EPS (₹) | 6.40 | 12.62 | 17.06 | 13.97 | 18.17 | 12.70 | 3.74 |
| Dividend per share (₹) | 1.50 | 2.00 | 2.20 | 2.00 | 2.00 | 1.50 | 0.60 |
| Book value per share (₹) | 118.92 | 115.20 | 105.48 | 90.52 | 80.59 | 65.07 | 49.95 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 819 | 758 | 779 | 828 | 733 | 865 | 1,009 | 991 |
| Revenue growth (YoY) | +11.8% | -12.4% | -22.8% | -16.5% | -19.1% | - | - | - |
| Other income | 20.29 | 32.50 | 14.43 | 22.32 | 11.38 | 8.81 | 18.89 | 11.25 |
| Total expenses | 706 | 691 | 716 | 747 | 645 | 813 | 887 | 841 |
| EBITDA | 114 | 66.53 | 63.30 | 80.52 | 87.80 | 52.22 | 122 | 150 |
| EBITDA margin | +13.9% | +8.8% | +8.1% | +9.7% | +12.0% | +6.0% | +12.1% | +15.2% |
| Depreciation | 24.19 | 23.12 | 23.56 | 23.44 | 22.99 | 21.16 | 21.21 | 20.38 |
| Interest | 18.77 | 31.05 | 19.64 | 22.30 | 22.07 | 28.09 | 29.43 | 29.19 |
| Profit before tax | 90.88 | 44.86 | 34.53 | 57.10 | 54.12 | 11.78 | 90.22 | 112 |
| Tax | 24.09 | 8.07 | 9.24 | 14.84 | 13.84 | 3.60 | 23.30 | 28.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,098 | 3,772 | 3,332 | 2,784 | 2,806 | 2,515 | 1,965 |
| Revenue growth | -17.9% | +13.2% | +19.7% | -0.8% | +11.6% | +28.0% | - |
| Other income | 80.63 | 49.56 | 46.24 | 34.14 | 141 | 37.74 | 54.32 |
| Total expenses | 2,800 | 3,308 | 2,809 | 2,374 | 2,409 | 2,133 | 1,886 |
| Employee cost | 302 | 296 | 251 | 209 | 144 | 122 | 114 |
| EBITDA | 298 | 464 | 523 | 409 | 397 | 382 | 79.49 |
| EBITDA margin | +9.6% | +12.3% | +15.7% | +14.7% | +14.2% | +15.2% | +4.1% |
| Depreciation | 93.11 | 83.01 | 71.88 | 62.55 | 39.96 | 40.31 | 40.65 |
| Interest | 95.07 | 107 | 66.19 | 57.65 | 42.14 | 26.93 | 36.93 |
| Profit before tax | 191 | 323 | 431 | 323 | 456 | 353 | 56.23 |
| Tax | 46.00 | 86.18 | 111 | 85.25 | 117 | 92.32 | (17.53) |
| Net profit | 146 | 238 | 322 | 238 | 338 | 261 | 142 |
| Net profit margin | +4.7% | +6.3% | +9.7% | +8.5% | +12.0% | +10.4% | +7.2% |
| EPS (₹) | 7.30 | 11.98 | 16.17 | 12.03 | 17.16 | 13.18 | 3.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 39.61 | 39.61 | 39.61 | 39.61 | 39.48 | 39.48 | 39.48 |
| Reserves & surplus | 2,277 | 2,197 | 2,008 | 1,725 | 1,537 | 1,235 | 933 |
| Shareholders' funds (net worth) | 2,316 | 2,236 | 2,047 | 1,765 | 1,577 | 1,274 | 972 |
| Secured loans | 670 | 848 | 914 | 841 | 1,186 | 525 | 328 |
| Unsecured loans | 154 | 214 | 22.23 | 12.32 | 27.57 | 21.06 | 19.91 |
| Total debt | 824 | 1,061 | 936 | 853 | 1,214 | 546 | 348 |
| Total liabilities | 3,199 | 3,346 | 3,031 | 2,635 | 2,801 | 1,831 | 1,340 |
| Assets | |||||||
| Gross block | 2,081 | 1,994 | 1,898 | 1,596 | 1,109 | 978 | 949 |
| Net block | 1,336 | 1,334 | 1,309 | 1,069 | 627 | 535 | 529 |
| Capital work in progress | 4.99 | 46.99 | 34.55 | 174 | 23.32 | 7.72 | 5.86 |
| Investments | 242 | 191 | 143 | 154 | 12.08 | 192 | 25.02 |
| Inventories | 978 | 886 | 1,053 | 778 | 925 | 677 | 501 |
| Sundry debtors | 673 | 789 | 560 | 482 | 471 | 525 | 258 |
| Cash & bank balances | 86.75 | 87.06 | 87.25 | 77.67 | 358 | 29.97 | 128 |
| Loans & advances | 254 | 179 | 269 | 160 | 277 | 269 | 184 |
| Total current assets | 1,991 | 1,942 | 1,970 | 1,498 | 2,031 | 1,501 | 1,071 |
| Total current liabilities | 440 | 255 | 375 | 273 | 223 | 333 | 261 |
| Net working capital | 1,551 | 1,687 | 1,595 | 1,224 | 1,807 | 1,168 | 810 |
| Total assets | 3,199 | 3,346 | 3,031 | 2,635 | 2,801 | 1,831 | 1,340 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 80.36 | 80.81 | 65.46 | 347 | 28.05 | 42.46 | 17.74 |
| Net cash from operating activities | 420 | 270 | 143 | 631 | (5.28) | 23.14 | 101 |
| Net cash from investing activities | (39.80) | (207) | (89.39) | (452) | (257) | (196) | 16.31 |
| Net cash from financing activities | (379) | (64.16) | (37.84) | (460) | 581 | 158 | (9.20) |
| Net change in cash | 0.92 | (0.45) | 15.35 | (281) | 319 | (14.73) | 108 |
| Closing cash | 86.75 | 87.06 | 87.25 | 77.67 | 358 | 29.97 | 128 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -17.9% | +13.2% | +19.7% | -0.8% | +11.6% | +28.0% | - |
| EBITDA growth | -35.7% | -11.3% | +27.7% | +3.1% | +3.9% | +380.7% | - |
| PBT growth | -41.1% | -25.0% | +33.3% | -29.0% | +29.3% | +527.1% | -40.6% |
| Net income growth | -38.7% | -26.2% | +35.6% | -29.6% | +29.5% | +83.6% | - |
| Revenue CAGR (3Y) | +3.6% | +10.4% | +9.8% | +12.3% | +15.7% | +13.7% | -0.4% |
| EBITDA CAGR (3Y) | -10.0% | +5.3% | +11.0% | +72.7% | +38.2% | +32.0% | -37.4% |
| Profitability & leverage | |||||||
| Net income margin | +4.7% | +6.3% | +9.6% | +8.6% | +12.1% | +10.4% | +3.8% |
| Return on capital employed | +8.7% | +13.5% | +17.6% | +14.0% | +21.5% | +23.9% | +14.6% |
| Return on net worth | +6.4% | +11.1% | +16.8% | +14.3% | +23.8% | +23.2% | +14.7% |
| Debt / equity | 0.41 | 0.47 | 0.47 | 0.62 | 0.62 | 0.40 | 0.34 |
| Long-term debt / equity | 0.06 | 0.06 | 0.09 | 0.09 | 0.04 | 0.03 | 0.05 |
| Interest cover | 46.37 | 28.11 | 14.67 | 16.62 | 11.80 | 7.88 | 95.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.52 | 1.94 | 1.91 | 2.06 | 2.69 | 2.58 | 2.09 |
| Inventory turnover | 3.32 | 3.89 | 3.64 | 3.27 | 3.50 | 4.27 | 4.06 |
| Debtors turnover | 4.24 | 5.59 | 6.39 | 5.84 | 5.64 | 6.42 | 7.37 |
| EPS (₹) | 7.30 | 11.98 | 16.17 | 12.03 | 17.16 | 13.18 | 3.74 |
| Dividend per share (₹) | 1.50 | 2.00 | 2.20 | 2.00 | 2.00 | 1.50 | 0.60 |
| Book value per share (₹) | 116.96 | 112.91 | 103.38 | 89.10 | 79.86 | 64.56 | 49.26 |
To see the full year-wise statements and ratios of Indo Count Industries Limited, buy the company report.
Board of directors of Indo Count Industries Limited
Indo Count Industries has 8 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohit Anilkumar Jain | Whole-Time Director | 09 May 2016 | 10 Years 5 Months | Current |
| Siddharth Saumil Mehta Also directs: Purely You Naturals Private Limited, Khimji Ramdas Hospitality Private Limited, Millennium Aero Dynamics Private Limited and 5 more | Director | 03 Aug 2018 | 8 Years 3 Months | Current |
| Anil Kumar Jain Also directs: Margo Finance Limited, Indo Count Retail Ventures Limited | Whole-Time Director | 22 Aug 1990 | 36 Years 2 Months | Current |
| Kamal Sukhamoy Mitra | Whole-Time Director | 01 Oct 2008 | 18 Years 1 Months | Current |
| Sanjay Kumar Panda Also directs: Kalinga Hospital Ltd | Director | 03 Aug 2018 | 8 Years 3 Months | Current |
| Ambika Sharma Also directs: Indo Rama Synthetics (India) Limited, Kajaria Ceramics Limited, Panacea Biotec Limited and 5 more | Director | 27 May 2024 | 2 Years 5 Months | Current |
Auditor
Indo Count Industries Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2025 | 012754N/N500016 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.70%, foreign institutional investors hold 10.10%, domestic institutional investors hold 5.90% and retail and other public shareholders hold 25.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.70% | 58.70% | 58.70% | 58.70% |
| Public | 41.30% | 41.30% | 41.30% | 41.30% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2026 | 101246178 | Others | ₹48 Cr | Open | |
| 28 Jul 2022 | 100596518 | Others | ₹175 Cr | Open | |
| 22 Feb 2022 | 100542084 | Others | ₹120 Cr | Open | |
| 29 Sep 2016 | 100054900 | Axis Bank Limited | ₹1,637 Cr | Open | |
| 18 Aug 2022 | 100605136 | Hdfc Bank Limited | ₹120 Cr | Satisfied |
To see the full charge records of Indo Count Industries Limited, buy the company report.
Total charge records: 79 View all charges
Deals & funding
Indo Count Industries Limited has 7 deals on record (6 market trades, 1 funding round), with disclosed funding of ₹13.1 Lakh; the latest was in July 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Market trade | ₹43.21 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Dec 2022 | Funding round | ₹13.1 Lakh | |
| Oct 2022 | Market trade | ₹14.33 Cr | Seller: Latwalla Investments Private Limited |
| Nov 2017 | Market trade | ₹11.69 Cr | Buyer: Param Value Investments |
| Sep 2015 | Market trade | ₹12.35 Cr | Buyer: Prosperous Vyapaar Private Limited Seller: Parton Commercial Private Limited |
To see the full deal history of Indo Count Industries Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo Count Industries Limited has 127 court cases on record: 50 filed by Indo Count Industries, 77 filed against it. 21 cases are pending and 106 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 80 | 53 | 17 |
| High courts | 42 | 23 | 2 |
| Supreme Court | 3 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 127)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Aurangabad, Maharashtra | Civil suit | Filed against the company by Specialty Polyfilms India Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Mohota Industries Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S. Dami Investment Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S. Hemlata Investment Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Yogi Investment Pvt. Ltd. | Disposed |
To see the full case history of Indo Count Industries Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Indo Count Industries Limited was last rated by Care on 05 Sep 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Sep 2025 |
To see the full credit ratings and regulatory alerts of Indo Count Industries Limited, buy the company report.
MSME payment delays
Indo Count Industries Limited has 20 MSME Form 1 returns on record between 2016 and 2024, listing 3,134 overdue payments to 217 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 217)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Beriwali Agriable LLP | |||
| Siddharth Ginning and Pressing | |||
| an individual supplier | |||
| an individual supplier | |||
| Weleco Logistics Private Limited |
To see the full MSME payment records of Indo Count Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indo Count Industries has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Indo Count Retail Ventures Private Limited | U52100PN2016PTC158599 |
To see the full group structure of Indo Count Industries Limited, buy the company report.
Employees & EPFO
Indo Count Industries Limited has a workforce of 2,469 employees on its EPFO records as of Mar 21, 2024, across 4 active EPFO establishments.
GST
Indo Count Industries has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI0866P1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 24AAACI0866P1ZB | Gujarat | Active | 19 Mar 2022 |
| 27AAACI0866P2Z4 | Maharashtra | Active | 27 Jul 2022 |
To see the full GST registrations and return filing status of Indo Count Industries Limited, buy the company report.
Recent activity
Indo Count Industries Limited has 49 board changes on record since 1990: 30 appointments and 19 cessations. The latest: Manish Bhatia was appointed as CFO on 06 Mar 2025.
231 earlier events are in the company report.
News
Frequently asked questions
Indo Count Industries is an active public limited company based in Kolhapur, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 November 1988 (38+ years old) and is registered under CIN L72200PN1988PLC068972. Listed on BSE: 521016 and NSE: ICIL.
Indo Count Industries reported revenue of ₹4,141.35 Cr for FY 2025-26 (down 0.2% YoY) based on consolidated financials.
Indo Count Industries has 8 current directors:
- Mohit Anilkumar Jain - Whole-Time Director
- Anil Kumar Jain - Whole-Time Director
- Kamal Sukhamoy Mitra - Whole-Time Director
- Siddharth Saumil Mehta - Director
- Sanjay Kumar Panda - Director
- Ambika Sharma - Director
- Akash Nandkishor Kagliwal - Director
- Viswanathan Lakshmanan - Director
The latest financial statements of Indo Count Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Indo Count Industries is 27AAACI0866P1Z5, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAACI0866P1ZB (Gujarat), 27AAACI0866P2Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Indo Count Industries is L72200PN1988PLC068972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indo Count Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 521016) and NSE (symbol: ICIL).
Indo Count Industries has 127 court cases on record: 50 filed by the company and 77 filed against it. 21 are pending. Most are in the district courts.
Indo Count Industries was incorporated on 07 November 1988, making it 38+ years old. It is registered with the Registrar of Companies, Pune.
Indo Count Industries has 7 deals on record (6 market trades, 1 funding round), with disclosed funding of ₹13.1 Lakh; the latest was in July 2024.
Manish Bhatia was appointed as CFO on 06 Mar 2025. Dilip Jayantilal Thakkar ceased to be Director on 16 Aug 2024. Prem Sardarilal Malik ceased to be Director on 16 Aug 2024. Indo Count Industries has 49 board changes on record in total.

