INCREDIBLE

INCREDIBLE INDUSTRIES LIMITED

INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Products›Iron & Steel Products

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Key metrics

Price as of 2026-10-16

Stock price
₹31.05
Market cap
145 Cr
Stock P/E
12.3
P/B
0.92
ROE (FY26)
7.3%
ROCE (FY26)
10.1%
Operating margin (FY26)
2.1%
Debt / equity (FY26)
0.21

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Incredible Industries rolls iron and steel products at its mill in Durgapur, West Bengal, and is adding its own steel melting shop so that hot billet can feed the mill directly.

Company snapshot

59thBy market cap

Ranked among 64 companies in Iron & Steel Products.

What we see

Positives
  • ✓Debt-to-equity of 0.21x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 1.4% — little room for error if costs rise.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales209 Cr159 Cr222 Cr183 Cr181 Cr162 Cr230 Cr220 Cr212 Cr189 Cr219 Cr213 Cr
Operating expenses (approx.)206 Cr154 Cr215 Cr178 Cr178 Cr158 Cr221 Cr213 Cr208 Cr185 Cr211 Cr206 Cr
EBITDA3 Cr4 Cr8 Cr5 Cr3 Cr4 Cr9 Cr7 Cr4 Cr4 Cr8 Cr7 Cr
OPM %1.5%2.8%3.4%2.8%1.7%2.3%4.1%3.0%1.8%2.2%3.7%3.2%
Other income0.26 Cr0.55 Cr0.10 Cr0.11 Cr0.10 Cr0.48 Cr0.07 Cr0.07 Cr0.30 Cr0.71 Cr0.36 Cr0.31 Cr
Interest2 Cr2 Cr1 Cr1 Cr0.82 Cr0.74 Cr0.81 Cr0.41 Cr0.70 Cr0.55 Cr0.88 Cr0.77 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr1 Cr0.96 Cr
Profit before tax0.41 Cr2 Cr5 Cr3 Cr1 Cr2 Cr7 Cr5 Cr2 Cr3 Cr6 Cr5 Cr
Tax %-30.3%51.2%39.6%40.3%-95.8%-42.4%20.8%24.9%32.1%43.1%28.5%25.2%
Net profit0.53 Cr0.98 Cr3 Cr2 Cr2 Cr3 Cr6 Cr4 Cr1 Cr2 Cr5 Cr4 Cr
EPS (₹)₹0.11₹0.22₹0.66₹0.35₹0.43₹0.65₹1.27₹0.80₹0.33₹0.39₹1.02₹0.87

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales—487 Cr670 Cr502 Cr494 Cr536 Cr741 Cr818 Cr756 Cr840 CrSign in free for the trailing twelve months
Operating expenses (approx.)—462 Cr653 Cr490 Cr479 Cr519 Cr723 Cr799 Cr735 Cr818 CrSign in free for the trailing twelve months
EBITDA—25 Cr17 Cr12 Cr15 Cr17 Cr18 Cr19 Cr21 Cr23 CrSign in free for the trailing twelve months
OPM %—5.2%2.6%2.4%3.1%3.1%2.4%2.4%2.8%2.7%Sign in free for the trailing twelve months
Other income—0.72 Cr0.63 Cr0.14 Cr0.38 Cr0.48 Cr0.41 Cr2 Cr0.77 Cr1 CrSign in free for the trailing twelve months
Interest—15 Cr9 Cr5 Cr4 Cr6 Cr5 Cr6 Cr3 Cr3 CrSign in free for the trailing twelve months
Depreciation—4 Cr4 Cr6 Cr6 Cr6 Cr6 Cr6 Cr5 Cr5 CrSign in free for the trailing twelve months
Profit before tax—7 Cr5 Cr1 Cr5 Cr6 Cr7 Cr10 Cr13 Cr17 CrSign in free for the trailing twelve months
Tax %—30.3%28.2%23.6%33.9%39.8%31.3%40.1%5.6%30.7%Sign in free for the trailing twelve months
Net profit—5 Cr4 Cr1 Cr4 Cr4 Cr5 Cr6 Cr12 Cr12 CrSign in free for the trailing twelve months
EPS (₹)—₹1.04₹0.81₹0.22₹0.78₹0.77₹1.05₹1.28₹2.70₹2.54Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital47 Cr47 Cr47 Cr47 Cr47 Cr47 Cr47 Cr47 Cr47 Cr47 Cr
Reserves58 Cr63 Cr67 Cr68 Cr71 Cr75 Cr80 Cr86 Cr98 Cr110 Cr
Borrowings87 Cr72 Cr34 Cr20 Cr39 Cr40 Cr40 Cr36 Cr19 Cr33 Cr
Other liabilities84 Cr103 Cr55 Cr32 Cr36 Cr40 Cr42 Cr41 Cr29 Cr31 Cr
Total liabilities276 Cr285 Cr203 Cr166 Cr193 Cr202 Cr209 Cr210 Cr194 Cr221 Cr
Fixed assets (net)54 Cr50 Cr47 Cr47 Cr42 Cr46 Cr43 Cr38 Cr32 Cr26 Cr
CWIP———0.28 Cr——0.16 Cr5 Cr11 Cr35 Cr
Investments0.03 Cr0.01 Cr0.01 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories88 Cr97 Cr56 Cr56 Cr33 Cr49 Cr51 Cr52 Cr55 Cr51 Cr
Trade receivables88 Cr87 Cr77 Cr37 Cr53 Cr36 Cr27 Cr44 Cr42 Cr32 Cr
Cash & bank0.58 Cr3 Cr3 Cr0.14 Cr0.16 Cr0.0022 Cr0.67 Cr8 Cr18 Cr0.08 Cr
Other assets45 Cr48 Cr20 Cr26 Cr64 Cr70 Cr87 Cr63 Cr35 Cr77 Cr
Total assets276 Cr285 Cr203 Cr166 Cr193 Cr202 Cr209 Cr210 Cr194 Cr221 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-2 Cr34 Cr42 Cr25 Cr-13 Cr20 Cr10 Cr24 Cr37 Cr10 Cr
Cash from investing-0.38 Cr1 Cr5 Cr-6 Cr-0.94 Cr-11 Cr-3 Cr-4 Cr-4 Cr-36 Cr
Cash from financing3 Cr-33 Cr-47 Cr-21 Cr14 Cr-9 Cr-7 Cr-13 Cr-22 Cr9 Cr
Net cash flow-0.17 Cr2 Cr-0.01 Cr-3 Cr0.02 Cr-0.16 Cr0.67 Cr7 Cr11 Cr-18 Cr
Free cash flow (OCF − Capex)-3 Cr——19 Cr-14 Cr10 Cr8 Cr18 Cr31 Cr-13 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—12.1%9.6%4.7%6.2%7.2%7.5%9.4%10.1%10.1%
ROE %—4.4%3.4%0.9%3.1%2.9%3.9%4.5%8.6%7.3%
Debtor days—654227392513202014
Inventory days—883346283727252824
Days payable—4610137129977
Cash conversion cycle—1076559605031364131
OCF / EBITDA %—134.4%n.m.n.m.-83.6%117.4%n.m.n.m.n.m.n.m.
OCF / EBITDA % (3 years)———184.7%n.m.n.m.n.m.n.m.n.m.n.m.
Debt / equity0.830.660.300.180.330.330.320.270.130.21
Current ratio1.421.622.612.813.163.132.752.583.303.41
Net debt / EBITDA——1.821.712.602.382.241.460.061.45