Indo Count Industries Ltd.

NSE: ICIL | BSE: 521016 | ISIN: INE483B01026 | Industry: Textiles
| Mid-range Performer

283.80
0.50%
IDBI Capital
EBITDA margin fell sharply to 16.4% (our estimate 18.4%). The company has been guiding to maintain its EBITDA margin of atleast 20%; hence, EBITDA margin of 16.4% is a sharp miss in our view. We cut our FY18/19 sales/EBITDA/PAT estimates to factor in weak Q1FY18 and lower guidance; Maintain Buy with lower target price of Rs153. Key Highlights and Investment Rationale Top-line growth disappoints again: Indo Count's net sales were impacted by lower off-take from some of its customers. Although there was no loss of customers, Indo...
Indo Count Industries Ltd. is trading below its 30 day SMA of 291.9
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