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Indo Count Industries has notified that operations in its plant in Bhilad, Vapi have been temporarily suspended

ICICIdirect Research 27 Jul 2026 DISCLAIMER

News: Indo Count Industries has notified that operations in its plant in Bhilad, Vapi have been temporarily suspended/stopped since 23rd July 2026 due to heavy rainfall in the region. It has also notified that all assets and machinery at the location have been duly insured. The company is continuing to assess the impact of the damages and will inform once the plant is operational again.

View: Bhilad facility is one of the key manufacturing locations of the company and is one of the 2 manufacturing facilities alongside Kolhapur plant. The facility has an annual manufacturing capacity of 45mn mtrs. If operations are close for 5-10 days, it will have an impact of 1-3% on overall production/sales of the company. This is after considering capacity running at a utilisation of 60-62% during the quarter. Hence, we don’t expect it will have any material impact on the financial performance of the company. Also, any damage to the assets or any production is impacted because of the floods, it is covered under the insurance. Awaiting for more clarity and information from the company on same.

Impact: Neutral

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