INCREDIBLEIndustrials

INCREDIBLE INDUSTRIES LIMITED

Iron & Steel Products · ISIN INE452L01012 · BSE 538365 · NSE EQ · FV ₹10
Last price
₹33
+1.59%today
What this company does

INCREDIBLE INDUSTRIES LIMITED operates in Iron & Steel Products, part of the Industrials sector. It booked ₹213 cr of revenue in its latest quarter (Q1 FY27) and kept 1.9% of sales as profit.

Your company is one of the major key players among the various players in the rolling mill industry in the Durgapur region of West Bengal.
The Company is primarily engaged in the manufacturing and sale of iron and steel related rolled products.
In the report:
61out of 100
Equitytale Health Score
Mixed

Healthier than 61% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
54

At close. Not part of the score.

Profitability & returns44

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality65

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation44

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 7% vs last year
Promoters hold 75%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 1.9% net margin

What if I invest in INCREDIBLE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹33 +1.59%
latest close · 2026-09-17
1-year return
+25.7%
52-wk low ₹1852-wk high ₹39
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.6Low
LowAverageHigh
P/B ratio0.99Below book
Below bookModerateHigh
EV / EBITDA6.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.1%Fair
WeakFairStrong ▸15%
Return on capital13.6%Fair
WeakFairStrong
Net margin1.9%Thin
ThinDecentStrong
EBITDA margin3.3%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.21Comfortable
LowModerateHigh ▸1
Interest cover7.8×Strong
RiskyOkayStrong ▸5×
Current ratio3.41Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹156 cr
Book value
₹34
EPS
₹0.87
latest quarter
Net debt
₹33 cr
owes more than its cash
Enterprise value
₹189 cr
EBITDA
₹28 cr
annualised
EBIT
₹24 cr
annualised
Operating margin
2.9%
Return on assets
7.2%
Earnings yield
10.45%
P/S
0.18
Sales / share
₹182.2
Tax rate
25.2%
Face value
₹10
Shares
4.7 cr
Working capital
₹102 cr
Current assets
₹144 cr
Current liabilities
₹42 cr
Delivery %
74.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹21 vs market price ₹33 — price is 58% above it
Safety cushion-57.5%(target ≥ +20%)
Models span ₹20₹22, midpoint ₹21
Model ₹21
Price ₹33
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹213 cr
Other Income₹30.7 L
Total Income₹213 cr
Cost of Materials₹186 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹10 cr
Employee Benefit Expense₹2 cr
Finance Costs₹77.4 L
Depreciation & Amortisation₹96.2 L
Other Expenses₹9 cr
Total Expenses₹208 cr
Profit before Tax₹5 cr
Tax Expense₹1 cr
Net Profit₹4 cr
Net margin on total income1.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹195 cr91.6%
Employee benefit expense₹2 cr1.0%
Finance costs₹77.4 L0.4%
Depreciation & amortisation₹96.2 L0.5%
Other expenses₹9 cr4.0%
Tax expense₹1 cr0.6%
Profit for the period₹4 cr1.9%
Total income ₹213 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue189 cr219 cr213 cr
Total income190 cr220 cr213 cr
Expenses187 cr213 cr208 cr
Profit before tax3 cr6 cr5 cr
Tax1 cr2 cr1 cr
Net profit (owners' share)2 cr5 cr4 cr
Net margin (owners' share, on revenue)0.9%2.1%1.9%
EPS (₹)0.391.020.87
YoY (latest quarter): total income -3.0% · net profit +6.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹221 cr
Shareholder equity
₹157 cr
parent shareholders
Total debt
₹33 cr
Cash
₹8.3 L
Cash flow · H1 FY26
Operating
₹4 cr
Investing
₹-15 cr
Financing
₹-7 cr
Peer comparison
Iron & Steel Products · by market value
CompanyPriceMarket capP/E
Welspun Corp Limited₹2,460₹64,903 cr15.5
APL Apollo Tubes Limited₹2,149₹59,664 cr56.7
Shyam Metalics and Energy Limited₹1,077₹29,982 cr21.4
Ratnamani Metals & Tubes Limited₹2,703₹18,943 cr57.6
Jindal Saw Limited₹291₹18,622 cr44.7
Usha Martin Limited₹496₹15,122 cr26.6
Godawari Power And Ispat limited₹238₹14,709 cr16.6
Gallantt Ispat Limited₹538₹12,974 cr26.2
Maharashtra Seamless Limited₹720₹9,651 cr9.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
Public
25.0%
Smart-money activity
Insider trades
SoldRND STEELS LIMITED · Promoter Group3.40 L · ₹1.1 cr25 Mar 26
BoughtCHANDRAKANTA AGARWAL · Promoter Group3.40 L · ₹1.1 cr25 Mar 26
SoldCHANDRAKANTA AGARWAL · Promoter Group52,50019 Feb 25
Stake changes
BoughtChandrakanta Agarwal · promoter→ 0.73% · 3.40 L25 Mar 26
SoldRND Steels Ltd · promoter→ 0.00% · 3.40 L25 Mar 26
BoughtSudha Agarwal · promoter→ 0.08% · 90,00022 Sep 22
Promoter pledges
ReleasedSREI Infrastructure Finance Limited1.49 cr · 31.83% held9 Dec 25
ReleasedSREI Infrastructure Finance Limited3.40 L · 0.73% held9 Dec 25
ReleasedSREI Infrastructure Finance Limited86.26 L · 18.45% held9 Dec 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 10 Feb 2026
See the official result
1
Approval of Mr. Raj Prakash Verma (DIN: 09305391) as a Non-Executive Director (Non-Independent) of the Company:
This filing does not break the votes down by shareholder group.

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 25 named members
owning 75.0% between them · as of 2026-06-30
MAHANANDA SUPPLIERS LIMITED35.50%
SUNGROWTH SHARE AND STOCKS LIMITED31.83%
Late Meena Agarwal1.20%
Vaibhav Agarwal1.12%
Sonika Agarwal1.10%
Sachin Kumar Agarwal1.06%
Aakarsh Agarwal1.05%
Chirag Agarwal0.94%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.