Incap Ltd (517370) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517370 | NSE: | Electronics - Components | Small Cap

Incap Share Price

85 2.00 2.41%
as on 05-Dec'25 13:37

Incap Ltd (517370) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

BSE: 517370 | NSE: | Electronics - Components | Small Cap

DeciZen - make an informed investing decision on Incap

Based on:

M-Cap below 100cr DeciZen not available

Incap stock performance -

Key Ratios
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P/E Ratio (SA):
67.10
Market Cap:
42.6 Cr.
52-wk low:
70
52-wk high:
161

Is Incap Ltd an attractive stock to invest in?


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10 Year X-Ray of Incap: Login to view analysis.

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.
Incap Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.1%32.1%29%11.3%7.2%5.2%7.7%6.3%6.2%7.6%-
Value Creation
Index
0.71.31.1-0.2-0.5-0.6-0.5-0.6-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 30.128.628.420.638.320.923.221.119.433.638
Sales YoY Gr.--5%-0.7%-27.5%86.3%-45.5%10.8%-9.1%-8.1%73.5%-
Adj EPS 34.55.31.90.80.71.31.61.31.41.2
YoY Gr.-49.2%17.7%-64%-56.6%-17.1%95.6%19.6%-18.9%4.7%-
BVPS (₹) 21.124.528.829.529.930.230.831.131.331.732.7
Adj Net
Profit
1.52.32.710.40.40.70.80.70.71
Cash Flow from Ops. 1.75.33.6-1.810.82.8-3.8-1-6.1-2.1-
Debt/CF from Ops. 0.800.1-0.50.10.6-0.5-1.2-0.5-2.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.2%-2.6%13.2%73.5%
Adj EPS -8.5%10.5%0.5%4.7%
BVPS4.6%1.1%0.9%1.1%
Share Price 12.2% 27.9% 26.4% -1.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.819.619.76.52.82.34.45.14.24.33.9
Op. Profit
Mgn %
10.813.711.85.71.90.62.73.63.45.14.6
Net Profit
Mgn %
5.189.54.71.11.733.93.42.11.7
Debt to
Equity
0.1000.100.10.10.10.20.30
Working Cap
Days
252165136223143242172165223169277
Cash Conv.
Cycle
160853836-48-159-86-45417981

Recent Performance Summary

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Latest Financials - Incap Ltd.

Standalone Consolidated
TTM EPS (₹) 1.2 -1.2
TTM Sales (₹ Cr.) 38 13.7
BVPS (₹.) 32.7 0
Reserves (₹ Cr.) 12 1
P/BV 2.54 0.00
PE 67.10 0.00
From the Market
52 Week Low / High (₹) 70.00 / 160.99
All Time Low / High (₹) 2.00 / 160.99
Market Cap (₹ Cr.) 42.6
Equity (₹ Cr.) 5.1
Face Value (₹) 10
Industry PE 77.3

Management X-Ray of Incap:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Incap - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios of Incap

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales30.0628.5728.3720.5838.3320.9123.1621.0619.3633.58
Operating Expenses 26.8324.6625.0119.4237.6020.7922.5420.5918.7431.85
Manufacturing Costs7.355.065.402.3022.776.726.434.351.770.79
Material Costs15.4315.4015.1012.6110.3910.1712.5012.0412.9326.91
Employee Cost 1.381.541.731.961.971.771.861.911.952.01
Other Costs 2.672.672.782.552.482.141.752.292.092.14
Operating Profit 3.243.913.361.160.720.110.620.470.631.73
Operating Profit Margin (%) 10.8%13.7%11.8%5.6%1.9%0.5%2.7%2.2%3.2%5.1%
Other Income 0.350.381.051.050.891.221.181.020.880.19
Interest 0.710.440.150.390.560.180.200.210.200.49
Depreciation 0.380.300.370.450.460.470.440.390.380.38
Exceptional Items 0000000000
Profit Before Tax 2.513.553.891.370.600.681.160.890.921.05
Tax 0.971.191.040.400.160.100.350.230.250.25
Profit After Tax 1.532.362.850.970.440.580.800.660.670.80
PAT Margin (%) 5.1%8.3%10.0%4.7%1.1%2.8%3.5%3.1%3.5%2.4%
Adjusted EPS (₹)3.04.65.61.90.91.11.61.31.31.6
Dividend Payout Ratio (%)33%22%18%53%0%88%64%77%77%64%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 10.8112.5514.7815.1215.3515.4815.8315.9816.0716.25
Share Capital 5.135.135.135.135.135.135.135.135.135.13
Reserves 5.687.429.659.9810.2210.3510.6910.8410.9411.11
Minority Interest0000000000
Debt1.270.150.410.880.681.231.110.512.544.75
Long Term Debt00.050.290.690.491.231.110.510.370.76
Short Term Debt1.270.100.120.190.190002.173.99
Trade Payables2.784.465.366.6518.2216.789.969.106.946.38
Others Liabilities 6.012.061.841.921.293.042.762.742.142.85
Total Liabilities 20.8719.2322.3924.5735.5436.5329.6528.3227.6830.22

Fixed Assets

Gross Block18.2416.5417.1018.0218.1717.7417.4817.6417.3121.59
Accumulated Depreciation12.7512.2712.6313.0713.5313.5513.9913.9613.8714.26
Net Fixed Assets 5.494.284.474.954.654.193.493.673.437.33
CWIP 0000000000
Investments 00022222.212.212.57
Inventories4.633.022.643.301.512.132.312.012.872.29
Trade Receivables8.496.266.254.987.147.445.146.229.8114.20
Cash Equivalents 0.244.297.502.8513.6717.8714.8412.658.133.06
Others Assets 2.011.381.516.486.582.901.871.551.230.77
Total Assets 20.8719.2322.3924.5735.5436.5329.6528.3227.6830.22

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 1.715.303.62-1.7610.812.84-3.83-1.04-6.06-2.11
PBT 2.513.553.891.370.600.741.210.890.860.93
Adjustment 0.590.37-0.380.25-0.14-0.51-0.57-0.44-0.220.68
Changes in Working Capital -1.392.381.21-3.210.52.8-4.16-1.26-6.45-3.45
Tax Paid 0-0.99-1.11-0.18-0.15-0.18-0.31-0.23-0.25-0.28
Cash Flow From Investing Activity -0.321.260.09-2.420.710.861.430.230.67-4.63
Capex -0.671.02-0.57-0.92-0.15-0.020.43-0.50-0.13-4.28
Net Investments 000-2000-0.210-0.36
Others 0.350.250.660.500.860.881.010.950.800.01
Cash Flow From Financing Activity -4.52-2.41-0.50-0.47-0.700.48-0.63-1.380.871.67
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.12000000000
Interest Paid -0.52-0.41-0.13-0.32-0.50-0.14-0.16-0.18-0.17-0.46
Dividend Paid -0.51-0.51-0.51-0.510-0.51-0.51-0.51-0.51-0.51
Others -3.37-1.480.150.36-0.201.140.05-0.681.562.64
Net Cash Flow -3.124.163.21-4.6510.824.19-3.02-2.19-4.52-5.07

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.8220.1820.856.52.893.795.134.174.184.95
ROCE (%)24.0532.0928.9711.317.245.167.746.316.237.59
Asset Turnover Ratio1.081.431.360.881.280.580.70.730.691.16
PAT to CFO Conversion(x)1.122.251.27-1.8124.574.9-4.79-1.58-9.04-2.64
Working Capital Days
Receivable Days1309480100581279998151131
Inventory Days65493653233235374628
Payable Days588611917443762839028922790

Incap Ltd Stock News

Incap Ltd FAQs

The current trading price of Incap on 05-Dec-2025 13:37 is ₹85.00.
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 04-Dec-2025 the market cap of Incap stood at ₹42.61.
The latest P/E ratio of Incap as of 04-Dec-2025 is 67.10.
The latest P/B ratio of Incap as of 04-Dec-2025 is 2.54.
The 52-week high of Incap is ₹161.0 and the 52-week low is ₹70.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Incap is ₹38.03 ( Cr.) .

About Incap Ltd

Incap Limited ( ICL ), a Public Limited Company with ISO 9001:2000 accredition is managed by professionally qualified personnel. The company has got an installed capacity of 100 million pcs per annum and was established in the year 1992 with technical and financial collaboration from Lelon Electronics Corporation.

The company with sound financial discipline, is having its registered office and manufacturing facility located at Nidamanur village which is 12 K.M. away from Vijayawada on N.H. 5 and is accessible by road and rail from different parts of the country.

The plant is housed in 2.5 acres of land with clean and green atmosphere. It also ensures that the process followed and waste disposable actions are environmental friendly. Machinery which are imported from Japan and Taiwan are maintained with meticulous care to ensure improved productivity of quality products. The performance of the machine is closely monitored by the team responsible for Maintenance and Production by analysing the percentage yield on weekly basis and making further improvements in the yield by going for innovative techniques.

ICL has set up a unit for manufacture of Aluminum Electrolytic Capacitors ( AECs ) of different sizes. The company has established a project for the manufacturing of AECs of various grades and sizes with installed capacity of 110 million pieces per annum at a cost of Rs.12 crores.

The project has been setup at 'Nidamanur near Vijayawada, in the state Andhra Pradesh, INDIA'. The machinery installed being latest, fully automatic developed versions can meet the stringent specifications and requirements of professional grade applications also.

As on date all the raw materials are imported from different sources. Mainly we are importing total Aluminum Foils requirement from Japan, Italy and other raw materials from Taiwan.

All products are processed in a controlled and dust free environment where Temperature, Relative humidity and Human comfort are maintained at the optimum level. The operators are provided with uniform and it is made compulsory to use chlorine free gloves while handling the products till it is hermetically sealed. We have provided Air curtains at the entry to the plant to keep a barrier from outside atmosphere and also to prevent dust coming inside the plant. Operators are trained specific to the nature of the work carried out including the setting precautions and the quality norms so that production is never taken on deviation. Besides, petrol inspector collects samples at regular intervals from all stages of production to see its conformance to the set quality norms.

R & D Department collects samples of finished products at different intervals and subject them for different tests as per National and International Standards applicable for Aluminium Electrolytic Capacitors.

Product range of the company:

Its product range covers Radial capacitors of

  • Low Voltage (850 C and 1050 C.) 
  • Medium & High voltage (850 C and 1050 C.)
  • Low Leakage
  • Long Life & Extended Long Life
  • Low ESR (850 C and 1050 C.)
  • Low Impedence Long Life
  • Bi-Polar, Non-Polar etc. 

Its Snap-In type capacitors and Lug type capacitors cover a range of capacitance upto 10,000 uF and a voltage range upto 500 WV. It has satisfactorily developed 1050 C special type Snap-in type capacitors up to 450WV and are being regularly supplied to OEM's and Dealers.

New Addition to the product range:  

I) Radial Capacitors: a) Specially designed capacitors for Electronic Ballast and other Lighting Applications.  b) Import substitute capacitors with DOT approval.  

II) Motor Start Capacitors:   a) 230 V AC Motor Start Capacitors (Single Can and  Double Can) for local requirement of single phase pump sets, air conditioners, wet grinders etc.,   b) 110 V AC, 125 V AC , 140 V AC and 150 V AC single can Motor Start Capacitors meant for export to Singapore, Taiwan, Mexico etc.,  

III) LUG Terminal Capacitors: Starting from 25 diameter to 45 diameter covering a range of very high CV values in Low Voltage, Medium and High Voltages.  

IV) Professional Screw Terminal Capacitors: Starting from 35 diameter to 90 diameter covering a wide range of CV values including high voltage up to 500 WV.  

Achievements/ recognition

  • Systems Approval : ISO 9001:2000
  • Product Approval : LCSO, CACT and C-DOT
  • Approvals from MNCs as per their specifications
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