Indo Count Industries - Acquisition To Aid Aspiration Of Market Share Gain: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Indo Count Industries Ltd. is one of India’s largest home textile manufacturer and exporter with an extensive product range which spans across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in USA.Indo Count acquires home textile business of GHCL Ltd. (which includes manufacturing facilities and land in Vapi, Gujarat) by way of slump sale.With addition of almost 50% (45 million meters) new capacity, Indo Count would become the largest home textile bedding company, globally, with annual capacity ~153 million metres. Acquisition could incrementally add potential revenue of Rs1300-1500 crores over next two three years.On an annualised basis, the valuation stands at ~ 6.0 times FY22 profit before tax, which we believe is fairly reasonable (purchase consideration: Rs 576 crore)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Indo Count Industries - Acquisition To Aid Aspiration Of Market Share Gain: ICICI Direct

Indo Count Industries - Acquisition To Aid Aspiration Of Market Share Gain: ICICI Direct

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