Indo Count Industries Valuation Multiples

Indo Count Industries is valued at $860M as of October 2026, a 1.9x revenue multiple. In the last 12 months, Indo Count Industries revenue was $502M and Indo Count Industries EBITDA was $57M.

Indo Count Industries Overview

About Indo Count Industries

Indo Count Industries makes home textiles, mainly bed linen, for export to retailers in the US, UK and Europe. It sells to large retail brands and some of its own brands. Plants are in Maharashtra and it is headquartered in Mumbai.


Founded

1988

HQ

India

Employees

7.0K

Financials (LTM)

Revenue: $502M
EBITDA: $57M

EV

$970M

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Indo Count Industries Financials

Indo Count Industries reported last 12-month revenue of $502M and EBITDA of $57M.

In the same LTM period, Indo Count Industries generated $276M in gross profit, $57M in EBITDA, and $24M in net income.


Indo Count Industries P&L

In the most recent fiscal year, Indo Count Industries reported revenue of $409M and EBITDA of $46M.

Indo Count Industries is profitable as of last fiscal year, with gross margin of 37%, EBITDA margin of 11%, and net margin of 3%.

See analyst estimates for Indo Count Industries
LTMLast FY202320242025202620272028
Revenue$502M$409M$333M$389M$408M
Gross Profit$276M$152M$121M$137M$149M
Gross Margin55%37%36%35%37%
EBITDA$57M$46M$59M$60M$49M
EBITDA Margin11%11%18%15%12%
EBIT Margin8%6%15%12%7%
Net Profit$24M$13M$34M$29M$17M
Net Margin5%3%10%7%4%
Net Debt-$106M---

Financial data powered by Morningstar, Inc.

Indo Count Industries Stock Performance

Indo Count Industries has current market cap of $860M, and enterprise value of $970M.


Indo Count Industries' stock price is $4.34.

Indo Count Industries share price decreased by 9.6% in the last 30 days, and increased by 35.5% in the last year.

Indo Count Industries has an EPS (earnings per share) of $0.07.

See more trading valuation data for Indo Count Industries
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$970M$860M-2.5%-9.6%3.9%35.5%$0.07

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Indo Count Industries Valuation Multiples

Indo Count Industries trades at 1.9x EV/Revenue multiple, and 17.1x EV/EBITDA.

See NTM and 2027E valuation multiples for Indo Count Industries

Indo Count Industries Financial Valuation Multiples

As of October 22, 2026, Indo Count Industries has market cap of $860M and EV of $970M.

Indo Count Industries has a P/E ratio of 36.3x.

LTMLast FY202320242025202620272028
EV/Revenue1.9x2.4x2.9x2.5x2.4x
EV/EBITDA17.1x21.1x16.5x16.2x19.7x
EV/EBIT24.4x38.1x19.8x20.8x32.0x
EV/Gross Profit3.5x6.4x8.0x7.1x6.5x
P/E36.3x64.3x25.2x29.9x51.7x
EV/FCF58.6x39.8x207.6xn/m51.4x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Indo Count Industries Valuation Multiples

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Indo Count Industries Margins & Growth Rates

Indo Count Industries grew revenue by 35% and EBITDA by 48% in the last fiscal year.

In the most recent fiscal year, Indo Count Industries reported gross margin of 37%, EBITDA margin of 11%, and net margin of 3%.

See estimated margins and future growth rates for Indo Count Industries

Indo Count Industries Margins

Last FY202420252026202720282029
Gross Margin37%35%37%52%
EBITDA Margin11%15%12%12%
EBIT Margin6%12%7%9%
Net Margin3%7%4%5%
FCF Margin6%0%5%1%

Indo Count Industries Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth35%17%5%27%
Gross Profit Growth100%13%9%79%
EBITDA Growth48%2%(18%)27%
EBIT Growth99%(5%)(35%)46%
Net Profit Growth138%(16%)(42%)63%
FCF Growth(95%)(94%)6993%(63%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Indo Count Industries Operational KPIs

Indo Count Industries' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.

Indo Count Industries' Rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Indo Count Industries' Rule of X is 79% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Indo Count Industries
LTMLast FY202320242025202620272028
Rule of 4035%39%---
Bessemer Rule of X70%79%---
Revenue per Employee-$0.1M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue-10%7%7%9%
Opex to Revenue-31%22%23%29%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Indo Count Industries Competitors

Indo Count Industries competitors include Cello World, Swan Corp, Raymond, Garware Technical Fibres, James Halstead, Wickes Group, Suofeiya, Cera Sanitaryware, Kusumgar and Daya Intiguna Yasa.

Most Indo Count Industries public comparables operate across Textiles and Home & Decor.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cello World$246M$54M3.3x3.1x15.1x15.6x
Swan Corp$458M$52M2.4x1.5x21.3x6.1x
Raymond$224M$8M3.7x3.1x100.3x24.9x
Garware Technical Fibres$161M$29M4.5x4.2x25.0x22.1x
James Halstead$350M$81M1.8x1.8x7.9x8.8x
Wickes Group$2.2B$237M0.6x0.6x5.9x5.6x
Suofeiya$1.4B$251M0.9x1.1x4.9x6.8x
Cera Sanitaryware$215M$33M2.6x2.4x17.3x18.3x

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Acquisitions by Indo Count Industries

Indo Count Industries has acquired 3 companies to date.

Last acquisition by Indo Count Industries was on October 14th 2024. Indo Count Industries acquired Modern Home Textiles for $12M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Indo Count Industries

Modern Home Textiles
Fluvitex USA
Wamsutta
Description
Modern Home Textiles is a manufacturer and wholesaler of bedding products including pillows, mattress pads, down alternative comforters, throws, and blankets. Based in Columbus, Ohio, the company supplies high-quality sleep essentials to retailers across the United States.
Fluvitex USA is a manufacturer of utility bedding products including pillows, quilts, mattress pads, and protective covers. Based in the United States, the company produces hypoallergenic, waterproof, and antimicrobial items for hospitality, healthcare, and residential use. Products feature quilted constructions with polyester fills and feature fabrics resistant to stains and fluids. Fluvitex USA supplies hotels, hospitals, and retailers with bulk wholesale options emphasizing durability and easy maintenance.
-
HQ CountryUnited StatesUnited States-
HQ City
Grand Rapids, MI
Columbus, OH
-
Deal Date14 Oct 202416 Sep 202419 Apr 2024
Valuation$12M$24M$10M
EV/Revenue
EV/EBITDA

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About Indo Count Industries

When was Indo Count Industries founded?Indo Count Industries was founded in 1988.
Where is Indo Count Industries headquartered?Indo Count Industries is headquartered in India.
How many employees does Indo Count Industries have?As of today, Indo Count Industries has over 7K employees.
Who is the CEO of Indo Count Industries?Indo Count Industries' CEO is Kailash Ramniwas Lalpuria.
Is Indo Count Industries publicly listed?Yes, Indo Count Industries is a public company listed on Bombay Stock Exchange.
What is the stock symbol of Indo Count Industries?Indo Count Industries trades under 521016 ticker.
When did Indo Count Industries go public?Indo Count Industries went public in 2000.
Who are competitors of Indo Count Industries?Indo Count Industries main competitors include Cello World, Swan Corp, Raymond, Garware Technical Fibres, James Halstead, Wickes Group, Suofeiya, Cera Sanitaryware, Kusumgar, Daya Intiguna Yasa.
What is the current market cap of Indo Count Industries?Indo Count Industries' current market cap is $860M.
What is the current revenue of Indo Count Industries?Indo Count Industries' last 12 months revenue is $502M.
What is the current revenue growth of Indo Count Industries?Indo Count Industries revenue growth (NTM/LTM) is 24%.
What is the current EV/Revenue multiple of Indo Count Industries?Current revenue multiple of Indo Count Industries is 1.9x.
What is the current EBITDA of Indo Count Industries?Indo Count Industries' last 12 months EBITDA is $57M.
What is Indo Count Industries' EBITDA margin?Indo Count Industries' last 12 months EBITDA margin is 11%.
What is the current EV/EBITDA multiple of Indo Count Industries?Current EBITDA multiple of Indo Count Industries is 17.1x.
What is the current FCF of Indo Count Industries?Indo Count Industries' last 12 months FCF is $17M.
What is Indo Count Industries' FCF margin?Indo Count Industries' last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Indo Count Industries?Current FCF multiple of Indo Count Industries is 58.6x.
How many companies Indo Count Industries has acquired to date?As of October 2026, Indo Count Industries has acquired 3 companies.
What was the largest acquisition by Indo Count Industries?$24M acquisition of Fluvitex USA on 16th September 2024 was the largest M&A Indo Count Industries has done to date.
What companies Indo Count Industries acquired?Indo Count Industries acquired Fluvitex USA, Modern Home Textiles, and Wamsutta.
In how many companies Indo Count Industries has invested to date?Indo Count Industries hasn't invested in any companies yet (or none have been disclosed publicly).

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