Indo Count IndustriesNSE:ICIL -0.35%84 Gross Margin % is 57.24% as of Mar. 2026, which is 85% above its 10-year median of 30.92. GuruFocus rates NSE:ICIL with a GF Score™ of 84/100 and a GF Value™ of ₹354.24 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,026 Manufacturing - Apparel & Accessories companies, Indo Count Industries ranks better than 81.38% on this metric.
NSE:ICIL's Gross Margin % is ranked better than 81.38% of 1026
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51
vs NSE:ICIL: 54.30
Indo Count Industries had a gross margin of 57.24% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Indo Count Industries was 11.90% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Indo Count Industries had a gross margin of 57.24% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Indo Count Industries Gross Margin % Related Terms
Indo Count Industries Gross Margin % Historical Data
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The historical data trend for Indo Count Industries's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Textile Manufacturing subindustry, Indo Count Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indo Count Industries Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Count Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Indo Count Industries's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Indo Count Industries (NSE:ICIL) has a Gross Margin % of 57.24% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Indo Count Industries and its competitors. This is 85% above median its historical median of 30.92. Over the past decade, Indo Count Industries' Gross Margin % has ranged from 20.15 to 55.54. According to the industry distribution chart, Indo Count Industries ranks #191 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 18.6%.
Is Indo Count Industries' Gross Margin % too high?
Indo Count Industries' current Gross Margin % of 57.24% is 85% above median its 10-year median of 30.92. Over the past 10 years, this metric has ranged from a low of 20.15 to a high of 55.54. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Indo Count Industries' value of 57.24% is 100.8% above this industry median. Based on the distribution chart, Indo Count Industries ranks #191 out of 1026 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Indo Count Industries has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Indo Count Industries' Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indo Count Industries ranks #191 out of 1026 companies for Gross Margin %. This places Indo Count Industries in the top 19% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.51. Indo Count Industries' value of 57.24% is 100.8% above this benchmark. Historically, Indo Count Industries' own Gross Margin % has ranged from 20.15 to 55.54 over the past decade. While the company's 10-year median is 30.92 vs. the industry median of 28.51, Indo Count Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indo Count Industries's current Gross Margin % of 57.24% is 100.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Indo Count Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Count Industries's current Gross Margin % is 57.24%, which is 85% above median its own 10-year median of 30.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indo Count Industries stock overvalued right now?
Based on GuruFocus' analysis, Indo Count Industries (NSE:ICIL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹354.24, compared to a current price of ₹424.90 — trading 19.9% above its estimated fair value. The current Gross Margin % is 57.24%, which is 85% above median its 10-year median of 30.92 and 100.8% above the Manufacturing - Apparel & Accessories industry median of 28.51. Indo Count Industries' overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Indo Count Industries (NSE:ICIL), the current Gross Margin % is 57.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indo Count Industries (NSE:ICIL) Overvalued in 2026?
Based on GuruFocus' analysis, Indo Count Industries stock appears to be overvalued.
The current stock price of ₹424.90 is trading 19.9% above its estimated GF Value™ of ₹354.24.
GuruFocus considers Indo Count Industries to be Modestly Overvalued.
Key valuation signals for NSE:ICIL:
Gross Margin %: 57.24% (85% above median its 10-year median of 30.92)
GF Value™: ₹354.24 vs. price of ₹424.90 (19.9% above fair value)
Industry Position: 100.8% above the Manufacturing - Apparel & Accessories median (#191 of 1026)
No single metric tells the full story. See the NSE:ICIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indo Count Industries Ltd is an India-based company principally engaged in the manufacturing and sale of textile products. The company manufactures and exports bed sheets, bed linen, utility bedding, pillowcases, fashion bedding, institutional bedding, comforters, quilts, decorative pillows, etc. Its products are marketed through brands like Pure Earth, Boutique Living, Atlas, Simply Put, Linen Closet, The Pure Collection, and Heirlooms of India. The company operates in a single segment and derives a majority of its revenue by exporting its products to countries like the United States of America, UAE, the United Kingdom, and others.
84GF Score
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