Indo Count Industries (NSE:ICIL) ROCE %: 9.53% (As of Mar. 2026)


NSE:ICIL Indo Count Industries Ltd NSE:ICIL
84 GF Score
Price ₹426.40
GF Value ₹353.88
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Indo Count Industries ROCE %?

Indo Count Industries NSE:ICIL -1.73% 84 ROCE % is 9.53% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Indo Count Industries's annualized ROCE % for the quarter that ended in Mar. 2026 was 9.53%.

Indo Count Industries  (NSE:ICIL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Indo Count Industries ROCE % Related Terms

Indo Count Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Indo Count Industries's ROCE % 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.

Indo Count Industries ROCE % Chart

Indo Count Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.59 21.24 22.94 17.28 10.01

Indo Count Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.38 10.92 11.58 8.70 9.53
NSE:ICIL
84GF Score
Indo Count Industries Ltd NSE:ICIL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indo Count Industries ROCE % Calculation

Indo Count Industries's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=3022.924/( ( (42596.188 - 13139.564) + (44918.299 - 13956.52) )/ 2 )
=3022.924/( (29456.624+30961.779)/ 2 )
=3022.924/30209.2015
=10.01 %

Indo Count Industries's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2950.152/( ( (0 - 0) + (44918.299 - 13956.52) )/ 1 )
=2950.152/( ( 0 + 30961.779 )/ 1 )
=2950.152/30961.779
=9.53 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 9.53% mean?
Indo Count Industries (NSE:ICIL) has a ROCE % of 9.53% as of Mar. 2026.
Is Indo Count Industries' ROCE % too high?
Indo Count Industries' current ROCE % is 9.53%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. Indo Count Industries' value of 9.53% is 55.2% above this industry median. 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' ROCE % compare to competitors?
Indo Count Industries' ROCE % of 9.53% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. Indo Count Industries' value of 9.53% is 55.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indo Count Industries's current ROCE % of 9.53% is 55.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indo Count Industries's current ROCE % is 9.53%. 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 ROCE % is 9.53% and 55.2% above the Manufacturing - Apparel & Accessories industry median of 6.14. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Indo Count Industries (NSE:ICIL), the current ROCE % is 9.53% 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:

  • ROCE %: 9.53%
  • GF Value™: ₹353.88 vs. price of ₹426.40 (20.5% above fair value)
  • GF Score™: 84/100 with 9 warning signs
  • Industry Position: 55.2% above the Manufacturing - Apparel & Accessories median

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 Business Description

Other Exchanges 521016:India
Address NCPA Marg, 301, 3rd Floor, Arcadia, Nariman Point, Mumbai, MH, IND, 400021
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹426.40
Price
₹353.88
GF Value