Indo Count Industries [ICIL] a multibagger

ICIL is Home Textiles manufacturer equipped with the state-of-the-art machinery imported from Benninger (Switzerland), TSUDOKAMA (Japan) Monforts (Germany), Arioli (Italy), Osthoff (Germany) among others. The company is targeting to double its capacities by 2016. 

ICIL is one of the top 15 largest Home Textiles suppliers in USA.

ICIL has diversified itself to Electronics division, where the company undertakes contract manufacturing, (assembling) for large number of electronic brands like LG, Onida, Whirlpool, Haier, etc. 

In 2008, the company was hit as markets such as the US and Europe were facing a downturn and huge debt in its books led to an impact on its balance sheet. The company went for Corporate Debt Restructuring (CDR) program.  

After 2010, with the US market picking up, it has seen a rise in exports.  The company has seen a turnaround in its finances.

Read Management Interview to Business Magazine 

CMP: Rs. 241

Market Cap is Rs. 882 cr for a company of annual sales of Rs.1410 cr (2013-3014) and annual net profit of Rs. 104 cr is undervalued. 

Best textile company in terms of ROCE.

ICIL is in sweet spot to become a multibagger stock with rise in pricing of its products, expanding into Australia and South African, expansion of production, exit from Corporate Debt Restructuring program and undervalued.

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Warning: I have invested in this stock. Please do not consider this as investment advice, this is just for educational purpose. Please consult SEBI authorised advisor before investing.