Indo Count Industries #ICIL conduced Concall today at 2:00 PM for Q1 FY22
"Indo Count was awarded TEXPROCIL EXPORT AWARDS 2019-20, consecutively for the 2nd time"
Here are the Conference call highlights 😀
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"Indo Count was awarded TEXPROCIL EXPORT AWARDS 2019-20, consecutively for the 2nd time"
Here are the Conference call highlights 😀
Like & Retweet to reach more investors ☎️🧵
Industry Updates:
• Mgmt feels robust growth in Texile sector of India, leading growth from
- China + Policy
- US China Trade War
- China's environmental concern (jiangsu province).
- Govt. approves RoSCTL on export of Apparel/ Garments and Made-ups will help industry.
• Mgmt feels robust growth in Texile sector of India, leading growth from
- China + Policy
- US China Trade War
- China's environmental concern (jiangsu province).
- Govt. approves RoSCTL on export of Apparel/ Garments and Made-ups will help industry.
Growth Driver:
• Mgmt expect China+ factor to be favorable for 3-5 year.
• Home Textile consumption has growth to good extend due to WFH culture.
• Presence over countries such as Europe, US, Canada will help company a lot.
• PLI in Textile may also prove help to industry.
• Mgmt expect China+ factor to be favorable for 3-5 year.
• Home Textile consumption has growth to good extend due to WFH culture.
• Presence over countries such as Europe, US, Canada will help company a lot.
• PLI in Textile may also prove help to industry.
Business Updates
• Health and hygiene contributed to rising trend.
• Partnered with Jasper for high quality bed and bath brand incorporating natural fibres in superior thread counts and fabric constructions
• Focusing on brand promotion in US, in to foray in B2C & D2C
• Health and hygiene contributed to rising trend.
• Partnered with Jasper for high quality bed and bath brand incorporating natural fibres in superior thread counts and fabric constructions
• Focusing on brand promotion in US, in to foray in B2C & D2C
Sales & Volume:
• Mgmt is confident enough to achieve the target of 85-90Ml Meter.
• There was less impact of Covid in this quarter.
• Mgmt is confident enough to achieve the target of 85-90Ml Meter.
• There was less impact of Covid in this quarter.
Margins:
• Mgmt expects EBIT margins to stay around 18-20% in FY 22 (including RoCTL benefit)
• Company has hedged the prices of Cotton till Oct. Mgmt. is confident enough to mange the situation, if there rise in price of cotton.
• Mgmt expects EBIT margins to stay around 18-20% in FY 22 (including RoCTL benefit)
• Company has hedged the prices of Cotton till Oct. Mgmt. is confident enough to mange the situation, if there rise in price of cotton.
CAPEX:
• CAPEX plan of 200 cr on-line.
• Of this 150 cr is brownfield expansion for adding commensurate cut & sew facilities.
• By Q4 FY 22, mgmt expect this CAPEX to be commissioned, while Green field of 50 cr is for spinning technology.
• CAPEX plan of 200 cr on-line.
• Of this 150 cr is brownfield expansion for adding commensurate cut & sew facilities.
• By Q4 FY 22, mgmt expect this CAPEX to be commissioned, while Green field of 50 cr is for spinning technology.
Competition:
• In the case of Europe news on Pakistan's textile, if ban is imposed, then it would be windfall gain for Indian industry.
• There are certain issues and challenges in China, which cannot be solved easily. While price for cotton in China is higher.
• In the case of Europe news on Pakistan's textile, if ban is imposed, then it would be windfall gain for Indian industry.
• There are certain issues and challenges in China, which cannot be solved easily. While price for cotton in China is higher.
Other Key Data:
• Net Debt: 291cr (Net Debt / Equity- 0.2)
• Recognized by Walmart as a top performer.
• FOREX gain this quarter is 30cr.
• Retail Sales is 1% of income in India, which mgmt expect to go till 3%.
• Net Debt: 291cr (Net Debt / Equity- 0.2)
• Recognized by Walmart as a top performer.
• FOREX gain this quarter is 30cr.
• Retail Sales is 1% of income in India, which mgmt expect to go till 3%.
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