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Prices as of 8 Oct 2026 close · Not investment advice

INCREDIBLE INDUSTRIES LIMITED

NSE: INCREDIBLEIron & Steel Products

Share price

₹30.00

-4.67% close of 8 Oct 2026

Market cap ₹141 CrP/E 12.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

62

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹141 Cr

P/E ratio

12.0

P/B ratio

0.9

ROCE

10.4%

ROE

7.9%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹46.2652-week low ₹28.58

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2009 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2009 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 12.0× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 15.7×, across 5 companies. It is against its own five-year median of 25.0×, the 1st percentile of its own range.

Whether growth justifies the valuation

Priced at 0.4 times its growth rate, on earnings growth of 31%.

Profit growthPrice per ₹1 profitPer 1% growth
INCREDIBLE INDUSTRIES LIMITED — this one31%/yr12.0×₹0.39
Godawari Power And Ispat limited1%/yr15.6×₹15.6
Gallantt Ispat Limited51%/yr27.8×₹0.55
Jayaswal Neco Industries Limited20%/yr15.7×₹0.79
Maharashtra Seamless Limited-3%/yr11.7×—
Sunflag Iron And Steel Company Limited-2%/yr38.1×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Iron & Steel Products), it ranks 44 of 70 on returns, 46 of 68 on growth, 62 of 70 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 10.4% on capital, ahead of 37% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹101 crore of cash from the business, spent ₹47 crore on plant and equipment, and returned ₹42 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 393 arrived as cash — well above the profit, more than depreciation and interest account for, so do not count on it repeating. Its cash comes back faster than it used to: it went from being waiting 71 days for its cash to waiting 37 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Aug 2026 · Standalone · Unaudited

Revenue

₹213 Cr

Revenue vs last year

-3.1%

Revenue vs last quarter

-2.9%

Net profit

₹4 Cr

Profit vs last year

+6.5%

Profit vs last quarter

-12.3%

Net margin

1.9%

EPS

₹0.87

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹141 Cr
Prev close
₹30.00
52w High
₹48.8
52w Low
₹28.1
Enterprise value
₹159 Cr
Beta
1.1
Price CAGR 1y
-32.0%
Price CAGR 3y
1.0%
Price CAGR 5y
4.0%
Price CAGR 10y
-12.0%

Ratios

Return on assets
5.4%
PEG ratio
0.4
P/E ratio
12.0
P/B ratio
0.9
EV / EBITDA
6.9
Industry P/E
24.9
ROCE
10.4%
ROCE 5y average
8.6%
ROE
7.9%
Debt / Equity
0.2
Interest coverage
6.7
Dividend yield
0.0%
ROE 3y average
7.0%
ROE last year
7.0%

Annual P&L

Annual revenue
₹838 Cr
Annual profit
₹12 Cr
Operating margin
2.7%
Net profit margin
1.4%
EBITDA margin
2.7%
Sales growth 3y
4.4%
Sales growth 5y
11.6%
Profit growth 3y
31.0%
Profit growth 5y
25.0%
EPS
₹2.5
Sales growth TTM
5.0%
Profit growth TTM
-19.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹213 Cr
Profit latest quarter
₹4 Cr
YoY quarterly sales growth
-3.1%
YoY quarterly profit growth
6.5%
OPM latest quarter
3.1%

Balance Sheet

Book Value
₹33.4
Face Value
₹10.0
Total debt
₹34 Cr
Total cash
₹16 Cr
Borrowings
₹34 Cr
Reserves / Equity
2.3

Cash Flow

Operating cash flow
₹10 Cr
Free cash flow
-₹13 Cr
FCF yield
-11.2%
Net cash flow
-₹18 Cr

Shareholding

Promoter holding
75.0%
FII holding
—
DII holding
—
Public holding
25.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Welspun Corp2,704.6030.971,3450.181,047.9198.64,081.114.922.9
APL Apollo Tubes2,135.0048.259,2800.40263.110.95,606.78.431.8
Shyam Metalics1,067.3026.529,7920.42350.718.15,455.123.413.0
Jindal Saw281.9027.618,0280.7190.8-75.44,452.39.010.4
Ratnamani Metals2,524.3040.317,6930.40107.0-37.7971.6-15.617.9
Usha Martin520.2529.115,8540.72142.040.71,033.016.419.5
Godawari Power214.3117.614,4280.47222.42.71,750.532.320.5
Incredible Indus31.4712.51470.004.06.5213.0-3.110.4
Median170.7223.41,0220.0014.328.3213.216.613.0

Competes with: APL Apollo Tubes Limited, Gallantt Ispat Limited, Godawari Power And Ispat limited, Jindal Saw Limited, Ratnamani Metals & Tubes Limited, Shyam Metalics and Energy Limited, Usha Martin Limited, Welspun Corp Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales228209159222183181162230220212189219213
Expenses224206154215178178158221213208185211206
Material Cost209193185177207186
Change in Inventories4.248.5511-8.67-0.829.59
Purchases of Stock-in-Trade000000
Employee Cost2.752.312.682.472.482.21
Other Expenses4.389.519.42142.208.61
Operating Profit4.093.234.387.655.063.093.739.446.533.834.188.186.72
OPM %1.791.552.763.442.771.712.304.102.971.812.213.733.15
Other Income1.280.260.550.100.110.100.480.070.070.300.710.360.31
Exceptional items (within Other Income)000000
Interest1.581.661.501.171.110.820.740.810.410.700.550.880.77
Depreciation1.411.421.421.411.341.341.341.331.241.241.191.340.96
Profit before tax2.380.412.015.172.721.032.137.374.952.193.156.325.30
Tax %44-29513940-95-42212532432825
Net Profit1.330.530.983.121.6223.035.843.721.491.794.523.96
EPS in Rs0.280.110.210.670.350.430.651.250.800.320.380.970.85
Diluted EPS in Rs1.270.800.330.391.020.87

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales411410372478666496484531736818756840834
Expenses373383349453649484469515718797732816811
Material Cost712763
Change in Inventories-169.76
Purchases of Stock-in-Trade00
Employee Cost8.789.93
Other Expenses3135
Operating Profit39272325171215171819212323
OPM %97652.602.403.103.102.402.402.802.702.80
Other Income1111100002112
Exceptional items (within Other Income)00
Interest2019171595465642.543
Depreciation3344466665.665.365.025
Profit before tax16537515679.97131717
Tax %32543430282334403140631
Net Profit11225414455.97121212
EPS in Rs2.300.490.491.040.810.220.780.761.051.282.672.462.52
Diluted EPS in Rs2.702.54
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
7%
5 years
12%
3 years
4%
TTM
5%

Compounded profit growth

10 years
17%
5 years
25%
3 years
31%
TTM
-19%

Stock price CAGR

10 years
-12%
5 years
4%
3 years
1%
1 year
-32%

Return on equity

10 years
4%
5 years
6%
3 years
7%
Last year
7%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity2753-2344225-13201024379.62
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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 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 %181311129477791010

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters757575757575757575757575
Public252525252525252525252525
No. of Shareholders6,6426,5616,1756,2496,7187,2867,4507,5557,3347,2657,1887,169

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -32.9% (₹44.69 → ₹30.00)Brick size ₹1.87 (fixed)Bricks 13
₹35.00₹40.00₹45.00₹30.00Dec '25May '26
Price moved up one brickPrice moved down one brickLast close ₹30.00 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

17.72inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about INCREDIBLE INDUSTRIES LIMITED. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • CBM gas
  • other raw materials and direct inputs
  • steel billets/ingots
  • stores and spares

Depends on the price of

  • Natural gas
  • steel

Sells to

  • Adhunik Corporation Limited · misroll, wastage, end-cuttings and other rolling by-products

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Iron & Steel Products
Classification
Capital Goods › Iron & Steel Products
ISIN
INE452L01012

Plants

  • Rolling Mill, Raturia Industrial Area, Angadpur
  • Wind Mill, Nandurbar

News impact

Big market events that reach INCREDIBLE INDUSTRIES LIMITED, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 2, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
  • bse-history fill: 123 BSE bars before cutoff, code 538365, seam residual 0.99881× · 1 Jul 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.