Incredible Industries Ltd
NSE: INCREDIBLE · Iron & Steel Products · sector
₹28.94NSE close 2026-10-26
Key numbers
Market cap₹135 cr
Price₹28.94
52w high / low₹48 / ₹28
P/E11.1xSector median 15.5x
P/B0.9xSector median 1.7x
Book value₹33.6
Dividend yield–Sector median 0.60%
ROE7.8%Sector median 11.1%
ROCE10.4%Sector median 11.9%
OPM2.8%Sector median 6.7%
Debt / equity0.21xSector median 0.21x
EV/EBITDA6.6xSector median 11.8x
Interest cover6.8x
Current ratio3.41x
Sales growth 3y+4.3%Sector median +2.1%
Profit growth 3y+32.9%Sector median +13.0%
PEG0.32x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹16 cr vs borrowings ₹33 cr (FY26): borrowings are higher by ₹17 cr.
- Operating profit covered interest 6.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 14% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹28.94 on 2026-10-26: -39.6% from the 52-week high, +3.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹49.64 · low ₹28.94
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 181 | 162 | 230 | 220 | 212 | 189 | 219 | 213 |
| EBITDA | 3 | 4 | 9 | 7 | 4 | 4 | 8 | 7 |
| OPM % | 1.7% | 2.3% | 4.1% | 3.0% | 1.8% | 2.2% | 3.7% | 3.2% |
| Other income | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Net profit | 2 | 3 | 6 | 4 | 1 | 2 | 5 | 4 |
| EPS (₹) | 0.43 | 0.65 | 1.27 | 0.80 | 0.33 | 0.39 | 1.02 | 0.87 |
| Revenue YoY | +17.1% | +16.7% | -4.7% | -3.1% | ||||
| Profit YoY | -25.5% | -40.9% | -22.6% | +6.5% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 536 | 741 | 818 | 756 | 840 | 834 |
| EBITDA | 17 | 18 | 19 | 21 | 23 | 23 |
| Net profit | 4 | 5 | 6 | 12 | 12 | 12 |
| EPS (₹) | 0.77 | 1.05 | 1.28 | 2.70 | 2.54 | 2.61 |
| Revenue growth | +38.3% | +10.5% | -7.6% | +11.1% | +5.1% | |
| Profit growth | +37.9% | +21.6% | +109.2% | -7.8% | -19.3% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.3% | +11.2% | +5.1% |
| Net profit | +32.9% | +26.0% | -19.3% |
| EPS | +34.2% | +26.6% | – |
| Share price | – | -12.6% (2y) | -31.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 127 | 133 | 145 | 157 |
| Borrowings | – | 40 | 36 | 20 | 33 |
| Cash & equivalents | – | 3 | 11 | 20 | 16 |
| Total assets | – | 209 | 210 | 194 | 221 |
| Fixed assets | – | 43 | 38 | 32 | 26 |
| Capital work in progress | – | 0 | 5 | 11 | 35 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 27 | 44 | 42 | 32 |
| Inventory | – | 51 | 52 | 55 | 51 |
| Payables | – | 17 | 19 | 14 | 14 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 20 | 10 | 24 | 37 | 10 |
| Cash from investing | -11 | -3 | -4 | -4 | -36 |
| Cash from financing | -9 | -7 | -13 | -22 | 9 |
| Capex | 10 | 2 | 5 | 6 | 23 |
| Free cash flow | 10 | 8 | 18 | 31 | -13 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.9% | 4.5% | 8.6% | 7.3% |
| ROCE % | – | 7.5% | 9.4% | 10.1% | 10.1% |
| Debtor days | – | 13 | 20 | 20 | 14 |
| Inventory days | – | 27 | 25 | 29 | 24 |
| Payable days | – | 9 | 9 | 7 | 7 |
| Cash conversion cycle (days) | – | 31 | 36 | 42 | 31 |
| Working capital days | – | 52 | 45 | 48 | 44 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.96% |
| Public (non-institutions) | 25.04% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% | 74.96% |
| Promoter group | % |
|---|---|
| Mahananda Suppliers Limited | 35.50% |
| Sungrowth Share and Stocks Limited | 31.83% |
| Late Meena Agarwal | 1.20% |
| Vaibhav Agarwal | 1.12% |
| Sonika Agarwal | 1.10% |
| Sachin Kumar Agarwal | 1.06% |
| Aakarsh Agarwal | 1.05% |
| Chirag Agarwal | 0.94% |
| Chandrakanta Agarwal | 0.73% |
| Rita Agarwal | 0.16% |
| Mayank Agarwal | 0.11% |
| Jugal Kishore Agarwal HUF (Karta- Jugal Kishore Agarwal) | 0.11% |
| Nirmal Kumar Agarwal HUF (Karta- Nirmal Kumar Agarwal) | 0.06% |
| Mahesh Kumar Agarwal | 0.00% |
| Nirmal Kumar Agarwal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Vrindavan Advisory Services LLP | 9.27% |
| Admirable Advisory Services LLP | 2.92% |
| Deepak Hotilal Thakur | 2.50% |
| Munesh Hotilal Thakur | 2.33% |
7,118 shareholders. Pledged: 0.00% of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| INCREDIBLE | ₹135 cr | 11.1x | 0.9x | 7.8% | 10.4% | 2.8% | +4.3% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-20 | Other | Annual General Meeting |
| 2023-09-22 | Other | Annual General Meeting |
| 2022-09-13 | Other | Annual General Meeting |
| 2021-09-08 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-06 | Other | Annual General Meeting |
| 2018-09-18 | Other | Annual General Meeting |
| 2017-09-13 | Other | Annual General Meeting |
| 2016-09-06 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | INCREDIBLE |
| BSE code | 538365 |
| ISIN | INE452L01012 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.