Indo Count Industries share price today

Indo Count Industries Ltd's share price was ₹501.10 at the close on 5 November 2026. It has been rising for 22 weeks. That is 32.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹225 and ₹501, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indo Count Industries Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 37 weeks in a row.

Over the last 11 years the share price moved +154% while the NIFTY 500 moved +243%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: highest quarterly revenue in 16 quarters.

1. Highest quarterly revenue in 16 quarters

   Revenue of ₹1,207 crore in the June 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue hit a record because demand was good, Bhilad production was back to normal, and US retail demand improved.

   Next results: check whether core meter volumes and prices improve together.

   From the earnings call on 28 Sep 2026.

For July to September 2026 (the quarter ended 30 September 2026), Indo Count Industries reported revenue of ₹1,673 crore, up 57.5% from ₹1,062 crore a year earlier, and a profit of ₹132 crore, up 238.5% from ₹39.0 crore.

Indo Count Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 September 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Indo Count Industries closed at ₹501.10 on 5 November 2026, up 82.2% from ₹275.05 a year earlier (7 November 2025) and up 101.8% over five years. Its highest weekly close since April 2016 was ₹501.10 on 5 November 2026.

Indo Count Industries share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

561 weekly closes from 1 April 2016 to 5 November 2026.

5 Nov 2026: Indo Count Industries closed at ₹501.10, up 13.2% on the week and up 14.8% on the month. Results for July to September 2026: Revenue up 57.5% and profit up 238.5% on a year earlier.

Earlier

• 28 Sep 2026: Indo Count Industries held its results call for April to June 2026. Management guided: FY27 top line ₹5,500 crore, including new-business revenue ₹1,500 crore, and consolidated operating margin 13%.
• 17 Aug 2026: ex-date for a dividend of ₹1.50 a share.

Indo Count Industries paid ₹1.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.30% at the ₹501.10 close on 5 November 2026. The last was a dividend of ₹1.50 a share, ex-date 17 August 2026.

Indo Count Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indo Count Industries Ltd paid out 23% of its profit as dividends in FY26, and it paid a dividend in 11 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Indo Count Industries' management guided: FY27 top line ₹5,500 crore, including new-business revenue ₹1,500 crore, and consolidated operating margin 13%.

“We do not need any growth capex; we will have some normal maintenance capex over the next 2-3 years. - Manish Bhatia”CFO, on the call for April to June 2026

What management guided

• FY27 production 105-110 million meters.
• CY28 consolidated revenue ₹8,000 crore, production 140-145 million meters and 90-95% utilisation.
• CY28 new-business revenue US$275 million, split US$175 million utility and US$100 million brands.
• CY28 operating margin 15% for core and utility, 16-17% for brands.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Indo Count Industries reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Core meter volumes and realization to improve together, with price normalization converting into profitability.

Indo Count Industries is on one of our India lists: Momentum stocks.

Indo Count Industries Ltd earned ₹132 Cr of net profit in the Sep 2026 quarter, +238.5% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹127 Cr. Over 10 years profit has grown −6.6% a year on average. That is 7.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹39.0 Cr.

For the full year, FY26 profit was ₹127 Cr (−49.2% on the year before).

Why profit moved: revenue changed +57.5% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +62.0% and revenue +19.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Indo Count Industries Ltd reported ₹1,673 Cr of revenue in the Sep 2026 quarter, +57.5% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 7.2% a year on average. The last full year, FY26, came in at ₹4,141 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,001 Cr.

FY26 revenue was ₹4,141 Cr, −0.2% on the year before.

Recent pace: the last four quarters grew +19.8% on average, against 7.2% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +19.2%, against +15.0% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +42.9%, against −11.2% a year (accelerating).

Indo Count Industries Ltd's operating margin was 14.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.0% and 20.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +4.2 percentage points on the year while gross margin changed −2.6 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 156% of Indo Count Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹573 Cr of operating cash against ₹127 Cr of profit. After ₹303 Cr of spending on assets, ₹270 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 156% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 3.2× depreciation over three years. The next section checks what that spending is building.

Indo Count Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 215 days in FY26, up from 214 days in FY21. It spent ₹1,154 Cr on assets over the last 3 years. Customers take 45 days to pay, and stock sits for 241 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹4,141 Cr, each day of that cycle ties up about ₹11.3 Cr, so roughly ₹2,439 Cr is tied up in the business at any time.

FY26: customers took 45 days to pay and stock sat for 241 days, about 7.9 months of sales sitting as stock, for a full cycle of 215 days, longer than FY21's 214.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 241 days. Customers pay about 45 days after that. Suppliers are paid at 72 days. Together that makes the 215-day cycle.

Spending on assets: ₹1,154 Cr over the last 3 years, against ₹358 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹5.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indo Count Industries Ltd's P/E is 40.8×, near the high end of its own history: higher than 93% of past readings. Its usual P/E (the middle reading) is 13.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.