Indo Count IndustriesNSE:ICIL -1.73%84 ROA % is 2.16% as of Mar. 2026, which is 74% below its 10-year median of 8.30. GuruFocus rates NSE:ICIL with a GF Score™ of 84/100 and a GF Value™ of ₹353.88 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Indo Count Industries ranks better than 58.47% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Indo Count Industries's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹968 Mil.
Indo Count Industries's average Total Assets over the quarter that ended in Mar. 2026 was ₹44,918 Mil. Therefore, Indo Count Industries's annualized ROA % for the quarter that ended in Mar. 2026 was 2.16%.
The historical rank and industry rank for Indo Count Industries's ROA % or its related term are showing as below:
NSE:ICIL'
s ROA % Range Over the Past 10 Years
Min: 2.89 Med: 8.3 Max: 15.93
Current: 2.9
During the past 13 years, Indo Count Industries's highest ROA % was 15.93%. The lowest was 2.89%. And the median was 8.30%.
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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 ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Count Industries's ROA % distribution charts can be found below:
* The bar in red indicates where Indo Count Industries's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Indo Count Industries (NSE:ICIL) has a ROA % of 2.16% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Indo Count Industries and its competitors. This is 74% below median its historical median of 8.30. Over the past decade, Indo Count Industries' ROA % has ranged from 2.89 to 15.93. According to the industry distribution chart, Indo Count Industries ranks #444 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 41.5%.
Is Indo Count Industries' ROA % too high?
Indo Count Industries' current ROA % of 2.16% is 74% below median its 10-year median of 8.30. Over the past 10 years, this metric has ranged from a low of 2.89 to a high of 15.93. The Manufacturing - Apparel & Accessories industry median ROA % is 1.95. Indo Count Industries' value of 2.16% is 10.8% above this industry median. Based on the distribution chart, Indo Count Industries ranks #444 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. 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' ROA % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Indo Count Industries ranks #444 out of 1069 companies for ROA %. This puts Indo Count Industries in the upper half of its industry. The industry median ROA % is 1.95. Indo Count Industries' value of 2.16% is 10.8% above this benchmark. Historically, Indo Count Industries' own ROA % has ranged from 2.89 to 15.93 over the past decade. While the company's 10-year median is 8.30 vs. the industry median of 1.95, 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 ROA % for a Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.95, based on 1,069 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indo Count Industries's current ROA % of 2.16% is 10.8% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Indo Count Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Count Industries's current ROA % is 2.16%, which is 74% below median its own 10-year median of 8.30. 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 ₹353.88, compared to a current price of ₹426.40 — trading 20.5% above its estimated fair value. The current ROA % is 2.16%, which is 74% below median its 10-year median of 8.30 and 10.8% above the Manufacturing - Apparel & Accessories industry median of 1.95. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For Indo Count Industries (NSE:ICIL), the current ROA % is 2.16% 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 ₹426.40 is trading 20.5% above its estimated GF Value™ of ₹353.88.
GuruFocus considers Indo Count Industries to be Modestly Overvalued.
Key valuation signals for NSE:ICIL:
ROA %: 2.16% (74% below median its 10-year median of 8.30)
GF Value™: ₹353.88 vs. price of ₹426.40 (20.5% above fair value)
Industry Position: 10.8% above the Manufacturing - Apparel & Accessories median (#444 of 1069)
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
Get the complete analysis for NSE:ICIL
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:ICIL has been successfully added to your 
