Indo Count Industries ~ Global Home Textiles Bedding Segment Leader

Stock Opportunities Untested - but worth a good look
239

If there is anything worse than a kachra or scrap company. Probably, this is one, or you can add the entire textile sector to the top. Everything is fantastic, like PLI and export-oriented, but when the results come, they will never meet our expectations in terms of margins or other issues.

Now see the results, Q4 was not even worse, it is a disaster.
mgmt will give excuse on the trump tariff, we were going well, but this one issue made us -88% profits fall YOY. Wahhh strange right…

I was initially very much firm on this company but later realised this stock is good for swing traders, not for investors, also Gokaldas will follow the same in the upcoming days..

Enough of this sector. This was the biggest learning in the FY for me.
need to reduce scrap or else portfolio will get dent every year.

3 Likes
240

Revisiting Indo Count after a while. Not invested, but it’s a company I used to track, so thought I would check on how things are going.

Their Q4 earnings commentary made for sobering reading - https://www.bseindia.com/xml-data/corpfiling/AttachLive/4cd183f6-5837-4636-bc9d-7ad433a50765.pdf. Tough times for at least the rest of this year, looks like. For all the talk of Textile FTAs, the demand pressures on the consumption side in US and Western Europe are likely to have a much more significant impact in the near term.

2 Likes