What helped was that the company had sowed the seeds for growth before the 2008 crisis. Rather than fighting with the banks that got us into trouble due to the currency loss, we decided to get back strongly and grow the business such that today, without taking a haircut, we have repaid every penny to the banks.'

This, after it got itself into a mess in 2008, which resulted in the company going in for a corporate debt restructuring (CDR) exercise, which it got out of in March 2015, four years ahead of schedule.Īdds Anil Kumar Jain, Chairman and Managing Director of Indo Count Industries: 'We were left with two options - survive or suicide. Among its peers, it has the highest return on capital employed and the lowest debt to equity ratio (see Magic Numbers). In the same period, its net profit rose from Rs 9 crore to Rs 139 crore. On a standalone basis, its top line grew from Rs 666 crore in 2010/11 to Rs 1,680 crore in 2014/15. In the past five years, the company, which makes bedsheets for exports, has demonstrated strong all-round performance.

In the past 18 months, the share price of the home textile company has jumped 20-fold, from Rs 44 per share in April 2014 to over Rs 900 in October 2015.And if you think it's just a stock thing, well, it's not. But if Buffett had encountered Indo Count Industries, he would probably have changed his mind about textiles. It was a name that he famously used to invest in several other businesses, although he closed the mill after a while. Five years ago, Warren Buffett, the world's biggest investor, had said his worst investment was the textile mill that went by the name Berkshire Hathaway.

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