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Incredible Industries Ltd (INCREDIBLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538365 NSE: INCREDIBLE Steel & Iron Products | Small Cap | Incredible Indu Share Price

₹35.90 0.40 (1.13%)

As on 10-Jun'26 11:47

Incredible Industries Ltd (INCREDIBLE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 538365 NSE: INCREDIBLE Steel & Iron Products | Small Cap | Incredible Indu Share Price

₹35.90 0.40 (1.13%)

As on 10-Jun'26 11:47

Key Metrics
Valuation Multiples
Market Cap
₹166 Cr.
Current Price
₹35.9
52-Week Low / High
₹26 / 53
TTM EPS
₹2.5
TTM Sales
₹840 Cr.
Book Value per Share
₹33.6
P/E Ratio
14.41
Lower than its 5-year historical median
Industry PE
25
Price to Book (P/B)
1.06
Lower than its 5-year historical median
Price to Sales (P/S)
0.20
Lower than its 5-year historical median
EV/EBITDA
7.56
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
8.99%
Return on Capital Employed (ROCE)
10.07%
Return on Assets (ROA)
6.18%
Operating Profit Margin
2.7%
Net Profit Margin
1.65%
Gross Profit Margin
2.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-7.58%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
4.78%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
109.21%
Asset Quality
Promoter Holding
74.96%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹110 Cr.
Equity
₹46.8 Cr.
Face Value
₹10
All Time Low / High
₹13.70 / 206.70

Incredible Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Incredible Industries Ltd a good quality company?
Incredible Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Incredible Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Incredible Industries Ltd vs industry peers?
Incredible Industries Ltd revenue CAGR is %, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Incredible Industries Ltd?
Promoters hold 74.96% of the Incredible Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Incredible Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of -8.7% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Incredible Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ12.8%11%11.8%8.6%4.5%6.7%7.2%7.6%9.5%10.1%-

Growth Parameters ⓘ
Sales ⓘ410374481670502494536741818756840
Sales YoY Gr.--8.7%28.4%39.5%-25.1%-1.6%8.5%38.3%10.5%-7.6%-
Adj EPS ⓘ0.50.510.80.20.80.81.11.32.72.5
YoY Gr.-0%102%-18.2%-72.8%254.6%-2.6%38.2%21.9%107.8%-
BVPS (₹) ⓘ2222.523.524.324.525.32627.128.431.133.6
Adj Net
Profit ⓘ		2.32.34.73.813.63.64.9612.512
Cash Flow from Ops. ⓘ53.4-2.433.741.724.7-12.619.610.423.837.4-
Debt/CF from Ops. ⓘ1.4-38.22.20.80.8-3.223.91.50.5-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ7%8.5%12.2%-7.6%
Adj EPS ⓘ20.7%64.6%51.8%107.8%
BVPSⓘ3.9%4.9%6.1%9.5%
Share Price -7% 5.1% 15.7% -15.9%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		2.22.24.33.40.93.1344.697.6
Op. Profit
Mgn % ⓘ		6.66.25.22.62.43.13.12.42.42.72.7
Net Profit
Mgn % ⓘ		0.60.610.60.20.70.70.70.71.71.4
Debt to
Equity ⓘ		0.70.90.70.30.20.30.30.30.30.10.1
Working Cap
Days ⓘ		177188165103989910378716930
Cash Conv.
Cycle ⓘ		8193926870575032313921

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales410374481670502494536741818756
Operating Expenses ⓘ + 383351456653490479519723799736
Manufacturing Costs19262427272319202425
Material Costs352318418612449437487689762695
Employee Cost 2234666778
Other Costs ⓘ 11510108137767
Operating Profit ⓘ 27232517121517181920
Operating Profit Margin (%) 6.6%6.2%5.2%2.6%2.4%3.1%3.1%2.4%2.4%2.7%
Other Income ⓘ + 1111000022
Exceptional Items ⓘ 0000000000
Interest ⓘ 1917159546564
Depreciation ⓘ 3444666665
Profit Before Tax ⓘ 537515671013
Tax ⓘ 3122022241
Profit After Tax 22541445612
PAT Margin (%) 0.6%0.6%1.0%0.6%0.2%0.7%0.7%0.7%0.7%1.7%
Adjusted EPS (₹)0.50.51.00.80.20.80.81.11.32.7
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Incredible Indu - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 103105110114114118122127133145
Share Capital ⓘ 47474747474747474747
Reserves ⓘ 56586367687175808698
Debt +66877234203937352916
Long Term Debt4000019161130
Short Term Debt61867234202121242516
Minority Interest0000000000
Trade Payables6552501716916171914
Others Liabilities ⓘ 37325338152727313019
Total Liabilities ⓘ 270276285203166193202209210194

Fixed Assets

Net Fixed Assets ⓘ +57545047474246433832
Gross Block87888888939199999998
Accumulated Depreciation30343741474852566265
CWIP ⓘ 00000000511
Investments ⓘ 0000000000
Inventories81889756563349515255
Trade Receivables82888777375336274442
Cash Equivalents 779411231120
Others Assets ⓘ 42384220256367846033
Total Assets ⓘ 270276285203166193202209210194

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 53-2344225-1320102437
PBT ⓘ 537515671013
Adjustment ⓘ 2019191210101111109
Changes in Working Capital ⓘ 34-2382514-276-5819
Tax Paid ⓘ -6-1-0-0-1-1-3-3-4-4
Cash Flow From Investing Activity ⓘ + -3-015-6-1-11-3-4-4
Capex -4-100-6-1-10-3-5-6
Net Investments 0-015-00-1-0-11
Others ⓘ 1100000020
Cash Flow From Financing Activity ⓘ + -513-33-47-2114-9-7-13-22
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 0-7-40020-1-3-5-7
Interest Paid ⓘ -18-15-15-9-5-4-6-5-6-3
Dividend Paid ⓘ 0000000000
Others ⓘ -3325-14-38-16-2-21-1-12
Net Cash Flow ⓘ -0-02-0-30-01711

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.242.214.533.410.883.122.973.954.68.99
ROCE (%)12.8211.0411.798.644.466.697.247.649.5110.07
Asset Turnover Ratio1.61.491.742.752.722.752.713.63.93.74
PAT to CFO Conversion(x)26.5-16.810.525-3.255243.08
Working Capital Days
Receivable Days63.3076.2065.6044.8041.7033.6030.6015.7015.9020.80
Inventory Days81.6075.8069.3041.6040.7032.9028.1024.8023.1025.80
Payable Days70.6067.5044.802013.4010.409.208.608.508.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *68.0368.0368.0368.0368.0368.0368.0368.030.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Incredible Industries Ltd FAQs

The current trading price of Incredible Indu on 10-Jun-2026 11:47 is ₹35.90.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Jun-2026 the market cap of Incredible Indu stood at ₹166.0 Cr

The latest P/E ratio of Incredible Indu as of 09-Jun-2026 is 14.41.

The latest P/B ratio of Incredible Indu as of 09-Jun-2026 is 1.06.

The 52-week high of Incredible Indu is ₹53.37 and the 52-week low is ₹26.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Incredible Indu is ₹840 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Incredible Industries Ltd is a average quality company.

The key valuation ratios of Incredible Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Incredible Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Incredible Industries Ltd

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