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Indo Count Industries: Stitching Together a Sustainable Future◉ Abstract Indo Count Industries Ltd., a leading Indian home textile manufacturer, has reported significant growth, with FY24 revenue reaching ₹3,557 crore, an 18% increase year-over-year. Despite supply chain challenges and a decline in sales volume, the company remains optimistic about future growth, driven by strong demand and strategic initiatives. The company’s focus on sustainability and strategic acquisitions has further strengthened its position. Currently trading at a P/E ratio of 20.3, below the industry average, Indo Count appears fairly valued. Increasing institutional interest indicates growing confidence in the company’s long-term potential. As Indo Count continues to prioritize operational efficiency and market expansion, its future growth prospects remain promising. Read full analysis here......... ◉ Introduction The US bed and bath linen market is projected to experience significant growth in the coming years. As of 2024, the market size is estimated at approximately $10.73 billion, with expectations to reach $13.14 billion by 2029, reflecting a compound annual growth rate (CAGR) of 4.14% during this period. This growth is driven by several factors, including: 1.Increased Homeownership: Rising homeownership rates are boosting demand for essential bed and bath linens like sheets and towels. 2.Consumer Spending: Higher disposable incomes are leading to increased spending on home furnishings, including premium and luxury linen products. 3.Sustainability Trends: There is a growing consumer preference for eco-friendly and sustainable products, influencing purchasing decisions in the bed and bath linen segment. The market is characterized by a low concentration of major players, indicating a competitive landscape with numerous brands catering to various consumer preferences. ◉ Major Players in the Industry Several key players dominate the US bed and bath linen market: 1.Indo Count Industries Ltd.: As the largest manufacturer of home textile bed linens globally, Indo Count is a significant player in the US market, known for its extensive product range and commitment to sustainability. 2.Brooklinen: This brand offers modern and luxurious bedding products, appealing to consumers seeking comfort and style. 3.Peacock Alley: Known for its premium quality and craftsmanship, Peacock Alley focuses on high-end bed and bath linens. 4.Crane & Canopy: This company provides stylish yet affordable options for a wide range of consumers. 5.Tempur Sealy International, Inc.: A leading player in the bedding industry, known for its innovative mattress solutions that complement bed linen offerings. 6.American Textile Company: Offers a variety of bedding products with a focus on quality and comfort. Today, we'll take an in-depth look at Indo count Industries, a prominent player in the US bed linen manufacturing sector, exploring its market positioning and competitive dynamics. This detailed report undertakes a thorough evaluation of ICIL's technical capabilities and core business fundamentals. ◉ Company Overview Indo Count Industries Limited NSE:ICIL , established in 1988, is a leading Indian home textile manufacturer. The company offers a diverse range of products, including bed sheets, fashion bedding, utility bedding, and institutional bedding. With showrooms in the UK and US, Indo Count sells its products under 17 distinct brands through multi-brand outlets, large format stores, and e-commerce platforms. Headquartered in Mumbai, India, the company exports its products globally. ◉ Market Capitalization - ₹ 6,288 Cr. ◉ Revenue Breakup (Location Wise) ➖ With a staggering 97.5% of its revenue generated from the US and UK markets, Indo Count Industries Limited has established itself as a prominent global player in the home textile industry. ➖ The remaining 2.5% of its revenue comes from domestic Indian sales. ◉ Challenges and Headwinds: ➖ Sales volume and revenue decline YoY due to supply chain issues, leading to higher inventory. ➖ Anticipated clearance of 2.5 million meters of deferred shipments in upcoming quarters. ➖ Revised EBITDA margin guidance: 15-16% due to upfront HR and brand promotion costs ◉ Margin Guidance and Future Outlook: ➖ Despite near-term challenges, Indo Count Industries Limited's management remains upbeat, fueled by a strong demand outlook and solid market positioning. ➖ Strategic investments in branded segments are expected to yield returns within the next four years, driving improved margin guidance. ➖ To further propel growth, the company is focused on enhancing operational efficiencies and scaling up operations in high-potential segments. ◉ CAPEX ➖ Indo Count Industries Limited has revised its FY25 capital expenditure (CAPEX) upwards to ₹413 crores, a significant increase from the initial estimate of ₹165 crores, driven by strategic acquisitions and investments. ◉ Strategic Acquisitions ➖ Recent acquisitions of Fluvitex Inc. and Modern Home Textiles, enhancing U.S. manufacturing footprint. ➖ Acquisitions strengthen presence in critical U.S. regions, expanding customer base without overlapping existing clientele. ◉ Technical Aspects ➖ Over a prolonged consolidation phase, the stock price developed a Cup & Handle pattern. ➖ Following a breakout, the stock surged sharply, hitting an all-time high near the 448 level. ➖ Nevertheless, it faced significant resistance and retraced to the previously established breakout level. ➖ Currently, the price is at a crucial point that could act as an important support zone. ➖ There is strong anticipation that the stock may rebound from this level and begin to rise again. ◉ Relative Strength The chart reveals that Indo Count Industries Limited (ICIL) has lagged behind the Nifty Small Cap Index over the past year, generating a 12.7% return compared to the index's impressive 26.3%. ◉ Revenue & Profit Analysis ● Yearly ➖ Indo Count Industries Limited reported strong growth in Fiscal Year 2024, with revenue reaching ₹3,557 crore, an 18% increase from ₹3,012 crore in FY23. ➖ EBITDA surged to ₹562 crore, up from ₹455 crore, while the EBITDA margin improved to 16% from 15%. ● Quarterly ➖ In the quarter ending September, the company's revenue rose to ₹1,036 crore, a 10% increase from ₹941 crore in the previous quarter, slightly higher than ₹1,009 crore in the same quarter last year. ➖ EBITDA for the quarter increased to ₹157 crore, up from ₹145 crore in the previous quarter. ➖ However, diluted EPS (LTM) declined to ₹15.62 in September from ₹17.27 in June 2024. ◉ Valuation ● P/E Ratio ➖ The company's present price-to-earnings (PE) ratio stands at 20.3, lower than its 1-year median PE of 21.4. ➖ When we look at the industry average PE of 26, it indicates that the stock might be considered somewhat undervalued at this time. ● P/B Ratio ➖ ICIL's P/B ratio of 2.86 indicates considerable overvaluation compared to the industry average of 1.46. ● PEG Ratio ➖ A PEG ratio of 0.49 suggests that the stock is undervalued relative to its expected earnings growth. ● Intrinsic Value ➖ Indo Count Industries is currently trading at ₹307, which is nearly 1.1 times its intrinsic value of ₹279, indicating that the stock is fairly valued at this moment. ◉ Cash Flow Analysis ➖ The operating cash flow for Indo Count Industries Limited experienced a notable decline from ₹755 crore in FY23 to ₹146 crore in FY24. This decrease can be attributed to the strategic allocation of capital towards acquiring prominent brands, such as Wamsutta, as part of the company's expansion and growth initiatives. ◉ Debt Analysis ➖ ICIL's debt of ₹1,461 crore and debt-to-equity ratio of 0.66 indicate robust financial health. Furthermore, its impressive interest coverage ratio of 5.74 suggests the company is well-positioned to manage its debt obligations, ensuring greater financial flexibility and stability. ◉ Top Shareholders ➖ The promoters have maintained their 58.74% stake for the last two years. ➖ Foreign Institutional Investors (FIIs) have maintained their stakes since June, now holding 10.69%. ➖ Domestic Institutional Investors (DIIs) have continuously increasing their stakes from June 2023 and now holding 3.67%, significantly up from 2.16% from the June quarter. ➖ At the same time, retail investors have been consistently selling their shares over the past few quarters. **Additionally, Mukul Mahabir Agarwal , a veteran investor, places a strategic bet on Indo Count Industries Limited, acquiring 1.17% of the company's shares, a move poised to reap rewards. ◉ Mutual Fund Exposure ➖ Indo Count Industries Limited witnessed increased institutional interest in October 2024, with thirteen funds holding 70 lakh shares, representing a 9.3% rise from September's 64.1 lakh. ◉ Conclusion Based on our analysis of key technical and financial metrics, Indo Count Industries Limited's strategic focus on diversification, acquisitions, and premium products positions the company for sustained growth and long-term value creation. We anticipate that this positive trajectory will be reflected in its stock price performance.
NSE:ICILLong
by GoodluckCapital
2
JINDAL WORLDWIDE - Massive Intraday LONG TradeJINDAL WORLDWIDE (15-Minute Timeframe) - Massive Long Trade Secured Trade Setup: A powerful bullish breakout captured on the 15-minute timeframe using the Risological Trading Indicator. This trade highlights an impressive rally with all targets hit. Key Levels: Entry: 282.75 Stop Loss (SL): 278.30 Take Profit Targets: TP1: 288.20 TP2: 297.00 TP3: 305.85 TP4: 311.30 Technical Overview: The price action reflects strong bullish momentum, supported by upward-trending moving averages and consistent buying pressure. The Risological Indicator provided a timely entry signal, capitalizing on this rapid uptrend. Results: The trade successfully achieved all profit targets, delivering substantial gains for intraday traders. The well-defined stop-loss ensured controlled risk, allowing traders to maximize their returns. Insight: This trade underscores the effectiveness of the Risological Indicator in identifying high-probability entries and exits in dynamic market conditions. Keep monitoring for further setups!
NSE:JINDWORLDLong
by ProfitsNinja
GARWARE New Short Trade OpportunityGARWARE TECH (15-Minute Timeframe) - Short Trade Opportunity Trade Setup: A clear short trade setup has emerged on the 15-minute timeframe for Garware Tech using the Risological swing trading indicator . The entry signal indicates a strong bearish move, supported by the break below key support levels. Key Levels: Entry: 4419.05 Stop Loss (SL): 4602.05 Take Profit Targets: TP1: 4192.90 TP2: 3827.00 TP3: 3461.05 TP4: 3234.90 Technical Indicators: The bearish crossover and the downward trajectory of the moving averages highlight the weakening momentum. The Risological Swing Trader Indicator confirms a high-confidence short entry with well-defined targets. Strategy Note: Traders are advised to monitor price action near TP1 and TP2 for potential retracements. Adjust stop-loss levels dynamically as the trade progresses to protect profits. This short trade setup offers a promising risk-reward ratio for intraday traders! Stay disciplined and let the technicals lead the way.
NSE:GARFIBRESShort
by ProfitsNinja
United Spirits Ltd. (NSE: MCDOWELL-N) - Technical AnalysisKey Observations: 1️⃣ Bullish RSI Divergence: The RSI indicates a bullish divergence, suggesting potential reversal or upside momentum. 2️⃣ Breakout from Descending Channel: After a period of consolidation within the descending channel, the stock has broken out, supported by improving momentum. 3️⃣ Volume Profile Support: Strong accumulation zone observed between ₹1,440-₹1,490, indicating demand at these levels. 4️⃣ Fibonacci Levels: Resistance levels are identified at ₹1,491, ₹1,541, ₹1,591, and ₹1,634 based on Fibonacci retracements. 5️⃣ Moving Averages: The stock is trading above key short-term moving averages, reinforcing the positive trend. Trading Strategy: 🚀 For Long Positions: Entry Zone: ₹1,440–₹1,460 (if price sustains above breakout level). Targets: ₹1,491, ₹1,541, ₹1,591. S top-Loss: ₹1,430 (below support zone). ⚠️ Risk Management: If the stock re-enters the descending channel, it could invalidate the bullish outlook. Monitor price action and volume closely. Outlook: With the RSI divergence, breakout confirmation, and strong support at ₹1,440, United Spirits Ltd. presents a promising bullish setup for short- to medium-term gains. Watch for sustained volume as the price approaches resistance levels. 💬 Your Thoughts? What’s your take on this setup? Share your views below! 🚀
NSE:UNITDSPRLong
by AngshumanSaikia
SWING IDEA - CLEAN SCIENCE AND TECHClean Science and Technology , a prominent player in the specialty chemicals sector, is exhibiting strong technical signals that suggest a potential swing trading opportunity. Reasons are listed below : 1550-1600 Resistance Zone Broken : The price has successfully broken through the 1550-1600 resistance zone, indicating strong bullish momentum and potential for further upside. Break of 1.5+ Year Consolidation : The stock has broken out of a prolonged consolidation phase of over 1.5 years, signaling a new bullish trend and increased investor interest. 50 EMA Support on Weekly Timeframe : The stock is finding solid support at the 50-week exponential moving average, reinforcing the overall bullish sentiment and providing a reliable support level. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend. Target - 1960 // 2150 Stoploss - weekly close below 1425 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CLEANLong
by Visionary_Growth_Insights
NTPC NSE:NTPC NTPC (National Thermal Power Corporation) Ltd and its affiliated companies are mainly responsible for producing and distributing large amounts of electricity to state power utilities. The group also offers consultation, project management and supervision, energy trading, and exploration of oil and gas as well as coal mining. The company's power plants portfolio as of June 2020 consists of approximately 63,000 MW from 70 power plants. Coal plants contribute around 83% of the total capacity, followed by gas/liquid fuel plants at 10%, hydro at 5%, and renewables at 2%. The company owns 17% of the total installed capacity in India, with a 22% share in electricity generation in the country. The company has a well-diversified allocated capacity across different regions, with no single region contributing more than 40% of the total allocated capacity as of April 2021. The company has been operating at a higher PLF from its thermal power stations than the All India thermal PLF for the last 5 years. In FY20, it achieved a PLF of approximately 68%, while the All India Thermal PLF was only about 56% for the same year. In terms of under-construction assets, as of June 2020, the company has approximately 20,500 MW of power projects under various construction phases. The majority of the under-construction capacity, around 76%, is from coal projects, followed by hydro at 13% and renewable energy (wind, solar) at 11%. 🔰 Sharing my weekly chart analysis for peaceful investing that I am following disc: Invested for PWI - LAB portfolio , always focus on each trade to be a hero trade for long term. do you own research no recommendation
NSE:NTPCLong
by Peaceful-Weekend-Investing
4
TCS Analysis - Multi-Year Deal with Air France-KLMTrend: TCS is in a strong uptrend within an ascending channel since 2021, signaling steady growth potential. Technical Signals: EMA Support : Price bounced above key EMAs (20/50/100/200), showing strong support. Volume Surge : High buying volume after the Air France-KLM deal indicates increased investor confidence. RSI : Above 50, supporting bullish momentum. Levels to Watch: Support : ₹3,995.45 – Reliable base. Immediate Resistance : ₹4,411.25 Final Target : ₹4,587.95 – Top of the channel. Trade Setup: Entry: On pullbacks or above ₹4,217.30. Stop Loss : Below ₹3,995.45. Target : ₹4,411.25 - ₹4,587.95.
NSE:TCSLong
by AngshumanSaikia
SWING IDEA - CAR TRADE TECHCarTrade Tech is showing a promising swing trade setup based on the following key technical signals. Reasons are listed below : Break of Cup and Handle Pattern : The price is attempting to break out of a classic cup and handle pattern, which is a strong bullish continuation signal. 950 Zone Tested Multiple Times : The 950 zone has been tested repeatedly, indicating it is a strong resistance level. A breakout above this level could result in further upward momentum. VCP Pattern in Uptrend : A Volatility Contraction Pattern (VCP) is forming, which suggests tightening price action and may lead to a breakout if volatility decreases and buying pressure increases. Bullish Engulfing Candle on Weekly Timeframe : A bullish engulfing candle on the weekly chart reinforces the potential for an upward move, showing strong buying interest. Increase in Volumes : A noticeable spike in volumes supports the bullish sentiment and confirms that market participants are actively involved in this move. Higher Lows : The lows are consistently shifting higher, indicating sustained buying pressure and upward momentum. Target - 1110 // 1210 // 1400 Stoploss - weekly close below 750 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CARTRADELong
by Visionary_Growth_Insights
2
OLA ELECTRIC Plummets as Complaints Soar – BUT, We Made Money!OLA ELECTRIC Stock Analysis: Ola Electric (OLAELEC) recently experienced a significant downturn, with all targets met in a notable short trade on the 15-minute timeframe. The ongoing downtrend can be attributed to multiple external pressures: Massive Customer Complaints: India’s Central Consumer Protection Authority (CCPA) reported over 10,000 complaints within a year related to Ola’s after-sales services, billing inaccuracies, and delays. This high volume of complaints is unprecedented, prompting government intervention. Consumer Protection Action: Ola Electric received a show-cause notice from Indian authorities, demanding an explanation for the alleged violations of consumer rights and trade practices. The repercussions could include directives for customer compensation or even financial penalties. Service Overload at Centers: Numerous reports indicate that Ola’s service centers are struggling to keep up with demand, leading to extensive backlogs and dissatisfied customers. According to analysts, many centers appear overwhelmed, further deteriorating Ola's brand image. Market Sentiment Impact: Following these revelations, Ola’s share value has sharply fallen, reversing the gains from its August IPO. The stock has lost nearly 40% in recent weeks, with negative sentiment further amplified by viral customer complaints on social media. With external pressures mounting and consumer confidence waning, Ola Electric’s stock faces a challenging recovery path. The short trade setup capitalized on this decline, achieving all preset targets amidst the company’s reputational crisis. Key Levels: Entry: 93.86 Targets Achieved: TP1 at 90.87, TP2 at 86.04, TP3 at 81.21, TP4 at 78.22 Stop Loss: 96.27 Ola Electric’s road ahead remains uncertain as regulatory scrutiny intensifies and consumer trust continues to erode.
NSE:OLAELECShort
by ProfitsNinja
4
NSE:DLF 🏢 On Verge of Multi year breakout ??⁉️NSE:DLF DLF Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 101,735.31 Crore) operating in Real Estate sector. DLF Ltd. key Products/Revenue Segments include Property Development, Rental Income, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022. For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 1,516.28 Crore, down 8.22 % from last quarter Total Income of Rs 1,652.13 Crore and up 22.06 % from last year same quarter Total Income of Rs 1,242.27 Crore. Company has reported net profit after tax of Rs 258.15 Crore in latest quarter.
NSE:DLFLong
by Peaceful-Weekend-Investing
2
SWING IDEA - JBM AUTOJBM Auto , a leading manufacturer of auto components and systems, is showing promising technical indicators for a potential swing trade. Reasons are listed below : Strong Support at 1700 : The 1700 level has proven to be a robust support zone, indicating strong buying interest and a solid base for potential upward movement. 'W' Pattern Formation : The stock is forming a 'W' pattern (double bottom) at this crucial support zone, which is a bullish reversal pattern suggesting that the downtrend may be over and a new uptrend could be beginning. Golden Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often considered a strong support zone and indicating a potential reversal or continuation of the uptrend. Trading Above 50 and 200 EMA : JBM Auto is trading above both the 50-day and 200-day exponential moving averages, indicating a strong and sustained uptrend. Constant Higher Highs : The stock has been consistently making higher highs, reflecting ongoing bullish sentiment and a sustained uptrend. Target - 2430 Stoploss - weekly close below 1670 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JBMALong
by Visionary_Growth_Insights
2
SWING IDEA - ANAND RATHI WEALTH LTDAnand Rathi Wealth Ltd , a leading wealth management company in India offering financial advisory services, is presenting a potential swing trading opportunity. Reasons are listed below: 4300 Zone Breakout : The 4300 level has been tested multiple times, and the stock is now breaking out, suggesting renewed buying interest. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, indicating strong upward momentum. Breaking Consolidation Zone of 6 Months : The stock is breaking out of a long consolidation phase, which could lead to a new bullish trend. Trading Above 50 and 200 EMA : The price is trading above both the 50 and 200-day exponential moving averages, reinforcing the bullish outlook. Volume Spike : An increase in trading volumes supports the strength of the breakout, indicating robust market participation. Target - 4850 Stoploss - daily close below 3990 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ANANDRATHILong
by Visionary_Growth_Insights
NIFTY Buy opportunity on solid cyclical patterns.We last looked into the Nifty 50 Index (NIFTY) on September 05 (see chart below), when we got an excellent buy on the 1D MA50 (blue trend-line) that quickly hit our 25700 Target: As you can see, our trading approach was based on the recurring technical patterns (Megaphones) since July 2023. Even though the current wide price action doesn't fit the former Megaphone patters, we can still call for a bottom soon as, not only is the price approaching the 1D MA200 (orange trend-line), but also the 1D RSI is almost on the same oversold (below 30.00) level as 1 year ago (October 26 2023)! In fact the pattern of September - October 2023 looks very similar to Sep - Oct 2024. The risk of buying here is low while the reward is high, making for a very appealing R/R ratio. As a result, we turn long again, targeting 27400 (+15.67% rise as the previous bullish break-out legs). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYLong
by TradingShot