MarketFriction

Incredible Industries Ltd

NSE INCREDIBLE · BSE 538365 · Iron & Steel Products
₹31.37 -3.80%
NSE close2026-10-01
52 week range28.10 - 48.85
Market cap₹147 Cr.
P/E12.5
Price band 20% Delivery 55.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales208.96158.66222.35182.89181.17161.87230.22219.76212.13188.98219.43213.03
Expenses205.73154.28214.70177.83178.08158.14220.78213.23208.30184.80211.25206.31
Operating Profit3.234.387.655.063.093.739.446.533.834.188.186.72
OPM %1.55%2.76%3.44%2.77%1.71%2.30%4.10%2.97%1.81%2.21%3.73%3.15%
Other Income0.260.550.100.110.100.480.070.070.300.710.360.31
Interest1.661.501.171.110.820.740.810.410.700.550.880.77
Depreciation1.421.421.411.341.341.341.331.241.241.191.340.96
Profit before tax0.412.015.172.721.032.137.374.952.193.156.325.30
Tax %-29.27%51.24%39.46%40.07%-95.15%-42.25%20.76%24.85%31.96%43.17%28.48%25.09%
Net Profit0.530.983.121.622.003.035.843.721.491.794.523.96
EPS in Rs0.110.210.670.350.430.651.250.800.320.380.970.85
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales410372478666496484531736816753838834
Expenses383349453649484469515718797732816811
Operating Profit272325171215171819212323
OPM %7%6%5%2.6%2.4%3.1%3.1%2.4%2.4%2.8%2.7%2.8%
Other Income111100002112
Interest191715954656433
Depreciation344466666555
Profit before tax5375156710131717
Tax %54%34%30%28%23%34%40%31%40%6%31%
Net Profit225414456121212
EPS in Rs0.490.491.040.810.220.780.761.051.282.672.462.52
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%12%4%5%
Compounded Profit Growth17%25%31%-19%
Stock Price CAGR-10%4%4%-29%
Return on Equity4%6%7%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital474747474747474747474747
Reserves5456586367687175808698110
Borrowings1057290723423414849432334
Other Liabilities9396811035529343233342630
Total Liabilities299270276285203166193202209210194221
Fixed Assets555754504747424643383226
CWIP20000000051135
Investments000000000000
Other Assets242213222235156119151155166167150160
Total Assets299270276285203166193202209210194221
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2753-2344225-132010243710
Cash from Investing Activity-1-3-015-6-1-11-3-4-4-36
Cash from Financing Activity-29-513-33-47-2114-9-7-13-229
Net Cash Flow-3-0-02-0-30-01711-18
Free Cash Flow2549-3344219-141081831-13
CFO/OP78%217%-5%134%244%216%-77%137%73%143%193%61%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days677386674228402514202114
Inventory Days12985101843345283727252924
Days Payable7568604410137129977
Cash Conversion Cycle121901271076660615032364231
Working Capital Days555157625155767151403937
ROCE %18%13%11%12%9%4%7%7%7%9%10%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.97%74.97%
Public25.04%25.05%25.04%25.05%25.05%25.03%25.04%25.04%25.04%25.04%25.04%25.04%
No. of Shareholders6,6426,5616,1756,2496,7187,2867,4507,5557,3347,2657,1887,169

Fundamentals

Market Cap₹ 147 Cr.
Current Price₹ 31.6
Stock P/E12.5
Book Value₹ 33.6
ROCE10.4 %
ROE7.23 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-19%
Standalone figures.
Valuation
Market capRs 147 Cr
Enterprise valueRs 165 Cr
P/E (TTM)12.47x
Price to book0.93x
Price to sales0.18x
EV / EBITDA6.70x
EV / EBIT8.29x
EV / sales0.20x
Price to cash flow15.25x
Earnings yield8.02%
P/E, 3-year average18.00x
P/B, 3-year average1.10x
P/E, 5-year average19.75x
P/B, 5-year average0.96x
Profitability
Operating margin (excl. other income)2.72%
Operating margin (incl. other income)2.89%
EBITDA margin2.95%
Pre-tax margin2.03%
Net profit margin1.41%
Net margin, latest quarter1.86%
ROE7.62%
ROCE10.68%
ROA5.54%
ROE, 3-year average7.07%
ROCE, 3-year average9.84%
ROA, 3-year average4.86%
ROE, 5-year average5.63%
ROCE, 5-year average8.77%
ROA, 5-year average3.75%
ROIC (approx.)7.87%
Tax rate30.64%
Other income / net worth0.92%
Growth
Sales growth (latest year)11.29%
Profit growth (latest year)-7.77%
Sales CAGR, 3 years4.43%
Sales CAGR, 5 years11.63%
Profit CAGR, 3 years32.88%
Profit CAGR, 5 years25.98%
Sales growth QoQ-2.92%
Profit growth QoQ-12.39%
Sales growth YoY (latest quarter)-3.06%
Profit growth YoY (latest quarter)6.45%
Per share
EPS (TTM)Rs 2.51
EPS (latest year)Rs 2.46
EPS (latest quarter)Rs 0.85
EPS, 3-year averageRs 2.14
EPS, 5-year averageRs 1.64
Book value per shareRs 33.60
Sales per shareRs 178.25
Cash flow per shareRs 2.06
Free cash flow per shareRs -2.78
Efficiency
Asset turnover3.79x
Fixed asset turnover31.95x
Inventory turnover15.79x
Inventory days23 days
Debtor days14 days
Debtors turnover26.19x
Creditor days7 days
Cash conversion cycle31 days
Working capital days37 days
Leverage
Total debtRs 34 Cr
Cash and bankRs 16 Cr
Net debtRs 18 Cr
Debt to equity0.22x
Net debt / EBITDA0.73x
Interest coverage6.85x
Owners' fund to total sources70.94%
Debt to assets15.48%
Cash flow
Cash from Operating Activity (latest year)Rs 10 Cr
Cash from Investing Activity (latest year)Rs -36 Cr
Cash from Financing Activity (latest year)Rs 9 Cr
Net Cash Flow (latest year)Rs -18 Cr
Free cash flow (latest year)Rs -13 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Cash from ops / profit, 5 years2.59x
Sales to cash flow87.16x
Statement figures
Net sales (TTM)Rs 834 Cr
Net sales (latest year)Rs 838 Cr
Sales (latest quarter)Rs 213 Cr
Operating profit excl. other income (latest year)Rs 23 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 25 Cr
PBDT (TTM)Rs 22 Cr
Profit before tax (TTM)Rs 17 Cr
Tax (latest year)Rs 5 Cr
Net profit (TTM)Rs 12 Cr
Net profit (latest year)Rs 12 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 5 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 802 Cr
Total expenditure (latest year)Rs 816 Cr
Total income (latest year)Rs 840 Cr
Share capitalRs 47 Cr
ReservesRs 110 Cr
Shareholders' fundsRs 157 Cr
Total assetsRs 221 Cr
Net blockRs 26 Cr
Capital work in progressRs 35 Cr
ReceivablesRs 32 Cr
InventoryRs 51 Cr
Other liabilitiesRs 30 Cr
Shares outstanding (crore)4.68
Ownership
Promoter holding74.97% (+0.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.5 is at the 2th percentile of its own 9.4-year range (median 35.2, low 10.4, high 212.5).
P/B 0.93 is at the 24th percentile (median 1.29).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodINCREDIBLENifty 50Difference
1 week-3.1%-2.8% -0.3 pts
1 month-4.4%-6.8% +2.4 pts
3 months-5.1%-7.6% +2.5 pts
6 months+9.8%+0.4% +9.4 pts
1 year-32.5%-9.9% -22.6 pts
2 years-32.1%-13.6% -18.6 pts
3 years+10.7%+14.2% -3.5 pts
5 years+18.2%+27.9% -9.7 pts

Red flags

F-score 3 of 8
explainDebt up, profit down Borrowings up 48% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹213 Cr -3.1% vs Jun 2025. Net profit ₹4 Cr +6.5%.
Against our estimate for Jun 2026: sales -8.6%, profit +28.8% beat. Our estimate for Sep 2026: sales Rs 204 Cr, profit Rs 3 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2023-09-22Annual General Meeting
2022-09-13Annual General Meeting
2021-09-08 Annual General Meeting
2020-09-21 Annual General Meeting
2019-09-06 Annual General Meeting
2018-09-18 Annual General Meeting
2017-09-13 Annual General Meeting
2016-09-06 Annual General Meeting
DateTypeWhat it says
2026-09-19Shareholder meetingVoting results.
2026-09-18Shareholder meetingProceedings of Annual General Meeting held on September 18, 2026
2026-08-26UpdatesDispatch of letter to shareholders whose e-mail addresses are not registered with Company/ Registrar & Share Transfer Agent/Depository Participants.
2026-08-26UpdatesNewspaper Publication of notice of 47th Annual General Meeting (AGM) and Remote E-Voting Information..
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026
2026-08-19UpdatesNewspaper Publication of notice of 47th Annual General Meeting (AGM) to be held through Video Conferencing/ Other Audio Visual Means ( VC/OAVM ) and i...
2026-08-11UpdatesNewspaper publication of Unaudited Financial Result for the quarter ended 30th June, 2026..
2026-08-10Record DateRecord date for the purpose of Intimation Regarding Annual General Meeting & Book Closure date. is 11-Sep-2026.
2026-08-10Board meeting outcomeINCREDIBLE INDUSTRIES LIMITED has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-10UpdatesCertificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026..
2026-07-08Credit RatingCredit Rating
2026-07-08Credit Rating- RevisionCredit Rating- Revision
2026-05-30UpdatesNewspaper Publication of Audited Financial Result for the quarter and year ended 31st March, 2026..
2026-05-29Board meeting outcomeINCREDIBLE INDUSTRIES LIMITED has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-07Disclosure under SEBI TakeovVaibhav Agarwal  has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial ...
2026-04-30Credit RatingCredit Rating
2026-04-18UpdatesCertificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. .
2026-04-13Credit Rating- RevisionCredit Rating- Revision
2026-03-27UpdatesDisclosure pursuant to Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015..
2026-02-11Shareholder meetingINCREDIBLE INDUSTRIES LIMITED has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-02-06UpdatesNewspaper publication of Unaudited Financial Result for the quarter and nine months ended 31st December, 2025..
2026-02-05Board meeting outcomeBoard meeting held on February 05, 2026.
2026-02-05Board meeting outcomeINCREDIBLE INDUSTRIES LIMITED has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-16UpdatesCertificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025..
2026-01-10UpdatesNewspaper Publication of notice of Postal Ballot and Remote e-voting Information.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-08-03NCLTAdhunik Industries Limited Vs Mannohar Lal Hira Lal Limited
2021-01-18NCLTAdhunik Industries Limited Vs Mannohar Lal Hira Lal Limited
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Incredible Industries Ltd?

Incredible Industries Ltd (INCREDIBLE) has a market capitalisation of Rs 147 Cr. at the 2026-10-01 close.

What is the P/E ratio of Incredible Industries Ltd?

Incredible Industries Ltd trades at a P/E of 12.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Incredible Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Incredible Industries Ltd sales was Rs 213 Cr (-3.1% vs Jun 2025) and net profit was Rs 4 Cr.

What is the 52-week high and low of Incredible Industries Ltd?

The 52-week high is Rs 48.85 and the 52-week low is Rs 28.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03