Incon Engineers Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Incon Engineers Ltd?

Incon Engineers Ltd is trading at 14.30 as of 08 April 2026, with a FY2026-2027 high of 16.4 and low of 9.31. The stock is currently in the middle of its 52-week range. Market cap stands at 6.19 Cr..

Q: Is Incon Engineers Ltd financially healthy?

Key indicators: ROCE of 64.2 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Q: Is Incon Engineers Ltd profitable and how is the profit trend?

Incon Engineers Ltd reported a net profit of 0 Cr in Mar 2025 on revenue of 0 Cr. Compared to 0 Cr in Mar 2022, the net profit shows a mixed trend.

Fair Value

₹2.30Overvalued by 83.92%vs CMP ₹14.30

P/E (15.0) × ROE (15.0%) × BV (₹1.25) × DY (2.00%)

Defaults: P/E=15, ROE=15%

₹1.45Overvalued by 89.86%vs CMP ₹14.30

MoS: -886.2% (Negative)Confidence: 50/100 (Moderate)Models: All 2: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹2.02	63%	Over (-85.9%)
Revenue Multiple	Revenue	₹0.49	38%	Over (-96.6%)
Consensus (2 models)		₹1.45	100%	Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.0% · Defaults: P/E=15, ROE=15%

*Investments are subject to market risks

Investment Snapshot

Incon Engineers Ltd scores 57/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health43/100 · Moderate

ROCE 64.2% ExcellentROE 0.0% WeakD/E 1.96 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent

Smart Money50/100 · Moderate

Promoter holding at 66.3% Stable

Earnings Quality75/100 · Strong

OPM expanding (-215% → -114%) ImprovingWorking capital: -1,373 days (improving) Efficient

Quarterly Momentum60/100 · Moderate

Revenue (4Q): -5% YoY FlatOPM: 0.0% (up 42.9% YoY) Margin expansion

Industry Rank55/100 · Moderate

ROCE 64.2% vs industry 37.7% Above peers3Y sales CAGR: -44% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:49 am

Market Cap	6.19 Cr.
Current Price	14.3
Intrinsic Value	₹1.45
High / Low	16.4/9.31
Stock P/E
Book Value	1.25
Dividend Yield	0.00 %
ROCE	64.2 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Incon Engineers Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
KPT Industries Ltd	128 Cr.	376	1,028/335	10.1	218	0.80 %	25.5 %	22.5 %	5.00
Miven Machine Tools Ltd	19.7 Cr.	65.7	112/58.9		19.9	0.00 %	%	%	10.0
Incon Engineers Ltd	6.19 Cr.	14.3	16.4/9.31		1.25	0.00 %	64.2 %	%	10.0
Hittco Tools Ltd	7.26 Cr.	11.0	16.0/8.41		4.25	0.00 %	3.21 %	0.29 %	10.0
Harshil Agrotech Ltd	34.5 Cr.	0.37	3.86/0.31		1.27	0.00 %	17.4 %	16.4 %	1.00
Industry Average	3,678.83 Cr	421.09		35.53	118.78	0.36%	37.74%	16.87%	6.04

All Competitor Stocks of Incon Engineers Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.21	0.00	0.20	0.00	0.00
Expenses	0.16	0.16	0.15	0.16	0.16	0.19	0.16	0.13	0.30	0.12	0.26	0.16	0.15
Operating Profit	-0.13	-0.16	-0.15	-0.16	-0.16	-0.19	-0.16	-0.13	-0.09	-0.12	-0.06	-0.16	-0.15
OPM %	-433.33%								-42.86%		-30.00%
Other Income	0.01	0.08	0.04	0.04	0.04	0.12	0.04	0.04	0.04	0.05	0.04	0.04	0.04
Interest	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02
Depreciation	0.01	0.01	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.13	-0.09	-0.11	-0.14	-0.14	-0.08	-0.13	-0.11	-0.07	-0.09	-0.04	-0.14	-0.13
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.13	-0.09	-0.11	-0.13	-0.14	-0.09	-0.13	-0.11	-0.07	-0.09	-0.04	-0.14	-0.13
EPS in Rs	-0.30	-0.21	-0.25	-0.30	-0.32	-0.21	-0.30	-0.25	-0.16	-0.21	-0.09	-0.32	-0.30

Last Updated: March 3, 2026, 9:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 18, 2026, 11:34 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.59	0.73	0.51	0.18	0.88	0.50	0.21	2.46	1.21	0.13	0.00	0.21	0.20
Expenses	0.58	0.85	0.71	0.52	0.89	0.72	0.54	1.72	1.30	0.68	0.66	0.69	0.69
Operating Profit	0.01	-0.12	-0.20	-0.34	-0.01	-0.22	-0.33	0.74	-0.09	-0.55	-0.66	-0.48	-0.49
OPM %	1.69%	-16.44%	-39.22%	-188.89%	-1.14%	-44.00%	-157.14%	30.08%	-7.44%	-423.08%		-228.57%	-245.00%
Other Income	0.08	0.03	0.09	0.10	0.09	0.12	0.12	0.15	0.14	0.22	0.24	0.16	0.17
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.03	0.00	0.03	0.07	0.08
Depreciation	0.05	0.06	0.05	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.00
Profit before tax	0.04	-0.15	-0.16	-0.27	0.05	-0.12	-0.23	0.79	0.00	-0.35	-0.47	-0.41	-0.40
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	8.33%	0.00%	0.00%		0.00%	0.00%	0.00%
Net Profit	0.04	-0.14	-0.16	-0.27	0.05	-0.13	-0.24	0.79	-0.01	-0.36	-0.47	-0.41	-0.40
EPS in Rs	0.09	-0.32	-0.37	-0.62	0.12	-0.30	-0.55	1.83	-0.02	-0.83	-1.09	-0.95	-0.92
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-450.00%	-14.29%	-68.75%	118.52%	-360.00%	-84.62%	429.17%	-101.27%	-3500.00%	-30.56%	12.77%
Change in YoY Net Profit Growth (%)	0.00%	435.71%	-54.46%	187.27%	-478.52%	275.38%	513.78%	-530.43%	-3398.73%	3469.44%	43.32%

Incon Engineers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-12%
5 Years:	0%
3 Years:	-44%
TTM:	%

Compounded Profit Growth
10 Years:	%
5 Years:	-22%
3 Years:	%
TTM:	37%

Stock Price CAGR
10 Years:	10%
5 Years:	18%
3 Years:	-8%
1 Year:	-24%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: March 3, 2026, 3:10 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71	5.71
Reserves	-4.75	-4.90	-5.06	-5.30	-5.27	-5.40	-5.61	-4.82	-4.82	-5.18	-5.66	-6.07	-6.25
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.25	1.75	0.00	0.11	0.52	0.85	0.90
Other Liabilities	0.24	0.27	0.23	0.41	0.43	0.45	0.88	1.40	0.31	0.22	0.18	0.46	0.23
Total Liabilities	1.20	1.08	0.88	0.82	0.87	0.76	1.23	4.04	1.20	0.86	0.75	0.95	0.59
Fixed Assets	0.79	0.69	0.65	0.62	0.59	0.57	0.55	0.55	0.53	0.51	0.49	0.47	0.47
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.41	0.39	0.23	0.20	0.28	0.19	0.68	3.49	0.67	0.35	0.26	0.48	0.12
Total Assets	1.20	1.08	0.88	0.82	0.87	0.76	1.23	4.04	1.20	0.86	0.75	0.95	0.59

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-0.07	0.09	-0.02	-0.02	0.12	-0.13	-0.29	-1.38	1.85	-0.17	-0.46	-0.43
Cash from Investing Activity +	0.00	-0.02	0.00	0.01	0.00	0.00	0.00	-0.01	0.00	0.03	0.00	0.13
Cash from Financing Activity +	0.00	0.00	0.00	0.00	0.00	0.00	0.25	1.48	-1.84	0.11	0.40	0.29
Net Cash Flow	-0.07	0.07	-0.02	-0.01	0.12	-0.13	-0.04	0.09	0.01	-0.03	-0.06	-0.01
Free Cash Flow	-0.07	0.07	-0.02	-0.02	0.12	-0.13	-0.29	-1.40	1.84	-0.17	-0.46	-0.43
CFO/OP	-600%	-83%	15%	6%	-1,200%	55%	88%	-188%	-2,067%	35%	70%	90%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	0.01	-0.12	-0.20	-0.34	-0.01	-0.22	-0.58	-1.01	-0.09	-0.66	-1.18	-1.33

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0.00	35.00	7.16	0.00	0.00	0.00	0.00	381.32	57.31	84.23		417.14
Inventory Days	730.00	112.31	84.23	1,460.00	13.04	56.15		125.35	7.16	91.25		1,338.33
Days Payable	252.69	56.15	112.31	547.50	26.07	84.23		77.42	35.78	182.50		365.00
Cash Conversion Cycle	477.31	91.15	-20.92	912.50	-13.04	-28.08	0.00	429.25	28.69	-7.02		1,390.48
Working Capital Days	55.68	-20.00	-100.20	-385.28	-124.43	-211.70	-295.48	304.17	81.45	280.77		-1,373.10
ROCE %	4.26%	-11.30%	-21.92%	-50.94%	11.76%	-32.00%	-69.70%	58.19%	1.70%	-45.75%	-72.73%	-64.15%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%	66.34%
DIIs	4.63%	4.63%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	29.01%	29.01%	33.63%	33.63%	33.63%	33.64%	33.64%	33.64%	33.65%	33.64%	33.63%	33.65%
No. of Shareholders	2,843	2,784	2,736	2,737	2,864	2,852	2,857	2,830	2,823	2,794	2,796	2,771

Shareholding Pattern Chart

No. of Shareholders

Incon Engineers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-0.95	-1.09	-0.83	-0.02	1.82
Diluted EPS (Rs.)	-0.95	-1.09	-0.83	-0.02	1.82
Cash EPS (Rs.)	-0.68	-0.79	-0.58	0.02	1.41
Book Value[Excl.RevalReserv]/Share (Rs.)	-0.62	0.09	0.93	1.55	1.56
Book Value[Incl.RevalReserv]/Share (Rs.)	-0.62	0.09	0.93	1.55	1.56
Revenue From Operations / Share (Rs.)	0.36	0.01	0.23	2.11	4.31
PBDIT / Share (Rs.)	-0.56	-0.73	-0.57	0.07	1.55
PBIT / Share (Rs.)	-0.59	-0.76	-0.61	0.03	1.51
PBT / Share (Rs.)	-0.71	-0.82	-0.62	-0.01	1.38
Net Profit / Share (Rs.)	-0.71	-0.82	-0.62	-0.01	1.38
PBDIT Margin (%)	-157.26	-9322.22	-247.05	3.53	35.87
PBIT Margin (%)	-165.55	-9742.22	-264.37	1.61	34.99
PBT Margin (%)	-198.54	-10486.66	-266.84	-0.54	31.92
Net Profit Margin (%)	-198.54	-10486.66	-266.84	-0.54	31.92
Return on Networth / Equity (%)	0.00	-875.51	-67.02	-0.73	87.91
Return on Capital Employeed (%)	113.18	-71.08	-52.28	2.12	32.07
Return On Assets (%)	-43.19	-63.85	-42.08	-0.55	19.51
Long Term Debt / Equity (X)	0.00	9.55	0.20	0.00	1.96
Total Debt / Equity (X)	-2.38	9.55	0.20	0.00	1.96
Asset Turnover Ratio (%)	0.24	0.01	0.13	0.46	0.93
Current Ratio (X)	0.37	1.93	1.91	2.40	2.58
Quick Ratio (X)	0.28	1.91	1.89	2.39	2.34
Inventory Turnover Ratio (X)	3.76	1.29	11.55	1.15	3.45
Interest Coverage Ratio (X)	-4.77	-12.52	-100.24	1.64	11.71
Interest Coverage Ratio (Post Tax) (X)	-5.02	-13.09	-107.27	0.74	11.42
Enterprise Value (Cr.)	8.32	8.39	6.41	13.75	4.27
EV / Net Operating Revenue (X)	40.33	1865.06	47.89	11.40	1.73
EV / EBITDA (X)	-25.64	-20.01	-19.38	322.25	4.83
MarketCap / Net Operating Revenue (X)	36.29	1754.77	47.62	11.49	1.06
Price / BV (X)	-21.08	147.02	11.96	15.59	2.92
Price / Net Operating Revenue (X)	36.32	1974.29	47.69	11.49	1.06
EarningsYield	-0.05	-0.05	-0.05	0.00	0.30

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Incon Engineers Ltd. is a Public Limited Listed company incorporated on 13/02/1970 and has its registered office in the State of Telangana, India. Company's Corporate Identification Number(CIN) is L74210TG1970PLC001319 and registration number is 001319. Currently Company is involved in the business activities of Manufacture of other special-purpose machinery. Company's Total Operating Revenue is Rs. 0.21 Cr. and Equity Capital is Rs. 5.71 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Engineering - General	B-6/3, I.D.A., Uppal, Hyderabad Telangana 500039	Contact not found

Management
Name	Position Held
Mr. Sreedhar Chowdhury	Managing Director
Mr. Vikram Simha Vepa	Ind. Non-Executive Director
Mrs. Hima Bindu Sagala	Ind. Non-Executive Director
Dr. B Neeta Kumari	Non Executive Woman Director

FAQ

What is the intrinsic value of Incon Engineers Ltd and is it undervalued?

As of 08 April 2026, Incon Engineers Ltd's intrinsic value is ₹1.45, which is 89.86% lower than the current market price of ₹14.30, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (%), book value (₹1.25), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Incon Engineers Ltd?

Incon Engineers Ltd is trading at ₹14.30 as of 08 April 2026, with a FY2026-2027 high of ₹16.4 and low of ₹9.31. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6.19 Cr..

How does Incon Engineers Ltd's P/E ratio compare to its industry?

Incon Engineers Ltd has a P/E ratio of , which is below the industry average of 35.53. This is broadly in line with or below the industry average.

Is Incon Engineers Ltd financially healthy?

Key indicators for Incon Engineers Ltd: ROCE of 64.2 % indicates efficient capital utilization; ROE of % is below ideal levels (industry average: 16.87%). Dividend yield is 0.00 %.

Is Incon Engineers Ltd profitable and how is the profit trend?

Incon Engineers Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹0 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Incon Engineers Ltd pay dividends?

Incon Engineers Ltd has a dividend yield of 0.00 % at the current price of ₹14.30. The company is currently not paying meaningful dividends.