Incredible Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 7:43 pm

Market Cap	181 Cr.
Current Price	38.7
High / Low	63.6/28.5
Stock P/E	18.5
Book Value	29.1
Dividend Yield	0.00 %
ROCE	9.09 %
ROE	4.61 %
Face Value	10.0
PEG Ratio	0.84

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Incredible Industries Ltd

Competitors of Incredible Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Incredible Industries Ltd	181 Cr.	38.7	63.6/28.5	18.5	29.1	0.00 %	9.09 %	4.61 %	10.0
Eastcoast Steel Ltd	8.99 Cr.	16.6	29.3/16.6		34.8	0.00 %	3.78 %	4.64 %	10.0
Bonlon Industries Ltd	46.8 Cr.	33.0	41.8/22.5	15.2	56.6	0.00 %	4.56 %	2.99 %	10.0
Beekay Steel Industries Ltd	1,125 Cr.	590	845/435	9.20	526	0.17 %	10.7 %	11.2 %	10.0
Ecofinity Atomix Ltd	25.1 Cr.	36.0	69.7/32.7	28.2	6.23	0.00 %	8.85 %	8.56 %	10.0
Industry Average	39,936.23 Cr	323.77		28.02	144.95	0.35%	8.73%	9.17%	7.50

All Competitor Stocks of Incredible Industries Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	104.26	182.07	182.49	165.67	183.56	208.89	228.18	208.96	158.66	222.35	182.89	181.17	161.87
Expenses	101.47	175.27	179.32	162.57	178.81	202.16	224.09	205.73	154.28	214.70	177.83	178.08	158.14
Operating Profit	2.79	6.80	3.17	3.10	4.75	6.73	4.09	3.23	4.38	7.65	5.06	3.09	3.73
OPM %	2.68%	3.73%	1.74%	1.87%	2.59%	3.22%	1.79%	1.55%	2.76%	3.44%	2.77%	1.71%	2.30%
Other Income	0.24	0.14	0.10	0.09	0.13	0.10	1.28	0.26	0.55	0.10	0.11	0.10	0.48
Interest	1.56	1.41	1.46	1.34	1.28	1.31	1.58	1.66	1.50	1.17	1.11	0.82	0.74
Depreciation	1.40	1.40	1.40	1.40	1.40	1.44	1.41	1.42	1.42	1.41	1.34	1.34	1.34
Profit before tax	0.07	4.13	0.41	0.45	2.20	4.08	2.38	0.41	2.01	5.17	2.72	1.03	2.13
Tax %	28.57%	42.37%	26.83%	40.00%	35.45%	28.43%	44.12%	-29.27%	51.24%	39.46%	40.07%	-95.15%	-42.25%
Net Profit	0.05	2.39	0.30	0.27	1.42	2.92	1.33	0.53	0.98	3.12	1.62	2.00	3.03
EPS in Rs	0.01	0.51	0.06	0.06	0.30	0.62	0.28	0.11	0.21	0.67	0.35	0.43	0.65

Last Updated: March 3, 2025, 11:50 pm

Below is a detailed analysis of the quarterly data for Incredible Industries Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 161.87 Cr.. The value appears to be declining and may need further review. It has decreased from 181.17 Cr. (Sep 2024) to 161.87 Cr., marking a decrease of 19.30 Cr..
For Expenses, as of Dec 2024, the value is 158.14 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 178.08 Cr. (Sep 2024) to 158.14 Cr., marking a decrease of 19.94 Cr..
For Operating Profit, as of Dec 2024, the value is 3.73 Cr.. The value appears strong and on an upward trend. It has increased from 3.09 Cr. (Sep 2024) to 3.73 Cr., marking an increase of 0.64 Cr..
For OPM %, as of Dec 2024, the value is 2.30%. The value appears strong and on an upward trend. It has increased from 1.71% (Sep 2024) to 2.30%, marking an increase of 0.59%.
For Other Income, as of Dec 2024, the value is 0.48 Cr.. The value appears strong and on an upward trend. It has increased from 0.10 Cr. (Sep 2024) to 0.48 Cr., marking an increase of 0.38 Cr..
For Interest, as of Dec 2024, the value is 0.74 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.82 Cr. (Sep 2024) to 0.74 Cr., marking a decrease of 0.08 Cr..
For Depreciation, as of Dec 2024, the value is 1.34 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.34 Cr..
For Profit before tax, as of Dec 2024, the value is 2.13 Cr.. The value appears strong and on an upward trend. It has increased from 1.03 Cr. (Sep 2024) to 2.13 Cr., marking an increase of 1.10 Cr..
For Tax %, as of Dec 2024, the value is -42.25%. The value appears to be increasing, which may not be favorable. It has increased from -95.15% (Sep 2024) to -42.25%, marking an increase of 52.90%.
For Net Profit, as of Dec 2024, the value is 3.03 Cr.. The value appears strong and on an upward trend. It has increased from 2.00 Cr. (Sep 2024) to 3.03 Cr., marking an increase of 1.03 Cr..
For EPS in Rs, as of Dec 2024, the value is 0.65. The value appears strong and on an upward trend. It has increased from 0.43 (Sep 2024) to 0.65, marking an increase of 0.22.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 3:38 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	414	441	411	410	372	478	666	496	484	531	736	816	748
Expenses	385	406	373	383	349	453	649	484	469	515	718	797	729
Operating Profit	29	35	39	27	23	25	17	12	15	17	18	19	20
OPM %	7%	8%	9%	7%	6%	5%	3%	2%	3%	3%	2%	2%	3%
Other Income	1	1	1	1	1	1	1	0	0	0	0	2	1
Interest	21	26	20	19	17	15	9	5	4	6	5	6	4
Depreciation	4	4	3	3	4	4	4	6	6	6	6	6	5
Profit before tax	5	6	16	5	3	7	5	1	5	6	7	10	11
Tax %	26%	28%	32%	54%	34%	30%	28%	23%	34%	40%	31%	40%
Net Profit	4	4	11	2	2	5	4	1	4	4	5	6	10
EPS in Rs	0.82	0.93	2.30	0.49	0.49	1.04	0.81	0.22	0.78	0.76	1.05	1.28	2.10
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	0.00%	175.00%	-81.82%	0.00%	150.00%	-20.00%	-75.00%	300.00%	0.00%	25.00%	20.00%
Change in YoY Net Profit Growth (%)	0.00%	175.00%	-256.82%	81.82%	150.00%	-170.00%	-55.00%	375.00%	-300.00%	25.00%	-5.00%

Incredible Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	4%
3 Years:	19%
TTM:	-7%

Compounded Profit Growth
10 Years:	3%
5 Years:	9%
3 Years:	18%
TTM:	70%

Stock Price CAGR
10 Years:	-12%
5 Years:	16%
3 Years:	16%
1 Year:	-3%

Return on Equity
10 Years:	4%
5 Years:	3%
3 Years:	4%
Last Year:	5%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	47	47	47	47	47	47	47	47	47	47	47	47	47
Reserves	39	43	54	56	58	63	67	68	71	75	80	86	89
Borrowings	127	115	105	72	90	72	34	23	41	48	49	43	30
Other Liabilities	44	47	93	96	81	103	55	29	34	32	33	34	30
Total Liabilities	256	252	299	270	276	285	203	166	193	202	209	210	196
Fixed Assets	58	56	55	57	54	50	47	47	42	46	43	38	35
CWIP	6	3	2	0	0	0	0	0	0	0	0	5	9
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	193	194	242	213	222	235	156	119	151	155	166	167	152
Total Assets	256	252	299	270	276	285	203	166	193	202	209	210	196

Below is a detailed analysis of the balance sheet data for Incredible Industries Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹47.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 47.00 Cr..
For Reserves, as of Sep 2024, the value is ₹89.00 Cr.. The value appears strong and on an upward trend. It has increased from 86.00 Cr. (Mar 2024) to ₹89.00 Cr., marking an increase of 3.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹30.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 43.00 Cr. (Mar 2024) to ₹30.00 Cr., marking a decrease of 13.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹30.00 Cr.. The value appears to be improving (decreasing). It has decreased from 34.00 Cr. (Mar 2024) to ₹30.00 Cr., marking a decrease of 4.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹196.00 Cr.. The value appears to be improving (decreasing). It has decreased from 210.00 Cr. (Mar 2024) to ₹196.00 Cr., marking a decrease of 14.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹35.00 Cr.. The value appears to be declining and may need further review. It has decreased from 38.00 Cr. (Mar 2024) to ₹35.00 Cr., marking a decrease of 3.00 Cr..
For CWIP, as of Sep 2024, the value is ₹9.00 Cr.. The value appears strong and on an upward trend. It has increased from 5.00 Cr. (Mar 2024) to ₹9.00 Cr., marking an increase of 4.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹152.00 Cr.. The value appears to be declining and may need further review. It has decreased from 167.00 Cr. (Mar 2024) to ₹152.00 Cr., marking a decrease of 15.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹196.00 Cr.. The value appears to be declining and may need further review. It has decreased from 210.00 Cr. (Mar 2024) to ₹196.00 Cr., marking a decrease of 14.00 Cr..

Notably, the Reserves (89.00 Cr.) exceed the Borrowings (30.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	25	39	27	53	-2	34	42	25	-13	20	10	24
Cash from Investing Activity +	5	-2	-1	-3	-0	1	5	-6	-1	-11	-3	-4
Cash from Financing Activity +	-30	-36	-29	-51	3	-33	-47	-21	14	-9	-7	-13
Net Cash Flow	-1	0	-3	-0	-0	2	-0	-3	0	-0	1	7

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-98.00	-80.00	-66.00	-45.00	-67.00	-47.00	-17.00	-11.00	-26.00	-31.00	-31.00	-24.00

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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	70	64	67	73	86	67	42	28	40	25	14	20
Inventory Days	71	69	129	85	101	84	33	45	28	37	27	25
Days Payable	32	34	75	68	60	44	10	13	7	12	9	9
Cash Conversion Cycle	110	99	121	90	127	107	66	60	61	50	32	36
Working Capital Days	129	114	128	105	142	117	69	72	93	88	68	57
ROCE %	12%	15%	18%	13%	11%	12%	9%	4%	7%	7%	7%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%	74.96%
Public	25.04%	25.04%	25.04%	25.03%	25.04%	25.04%	25.04%	25.05%	25.04%	25.05%	25.05%	25.03%
No. of Shareholders	6,796	6,899	6,867	6,852	6,936	6,752	6,642	6,561	6,175	6,249	6,718	7,286

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.28	1.05	0.77	0.78	0.22
Diluted EPS (Rs.)	1.28	1.05	0.77	0.78	0.22
Cash EPS (Rs.)	2.49	2.25	1.96	2.00	1.43
Book Value[Excl.RevalReserv]/Share (Rs.)	28.36	27.08	26.03	25.26	24.48
Book Value[Incl.RevalReserv]/Share (Rs.)	28.36	27.08	26.03	25.26	24.48
Revenue From Operations / Share (Rs.)	174.95	158.37	114.55	105.62	107.33
PBDIT / Share (Rs.)	4.61	3.88	3.67	3.31	2.56
PBIT / Share (Rs.)	3.40	2.68	2.48	2.09	1.34
PBT / Share (Rs.)	2.13	1.53	1.27	1.17	0.28
Net Profit / Share (Rs.)	1.28	1.05	0.76	0.77	0.21
PBDIT Margin (%)	2.63	2.45	3.20	3.13	2.38
PBIT Margin (%)	1.94	1.69	2.16	1.97	1.24
PBT Margin (%)	1.21	0.96	1.10	1.11	0.26
Net Profit Margin (%)	0.72	0.66	0.66	0.73	0.20
Return on Networth / Equity (%)	4.50	3.87	2.92	3.07	0.88
Return on Capital Employeed (%)	10.91	8.39	7.59	6.70	5.05
Return On Assets (%)	2.84	2.34	1.76	1.87	0.60
Long Term Debt / Equity (X)	0.02	0.08	0.13	0.15	0.00
Total Debt / Equity (X)	0.27	0.31	0.32	0.33	0.17
Asset Turnover Ratio (%)	3.90	3.60	2.71	2.75	2.72
Current Ratio (X)	2.58	2.75	3.13	3.16	2.81
Quick Ratio (X)	1.77	1.90	2.13	2.46	1.49
Inventory Turnover Ratio (X)	14.70	13.83	11.81	9.58	8.01
Interest Coverage Ratio (X)	3.65	3.37	3.04	3.62	2.42
Interest Coverage Ratio (Post Tax) (X)	2.01	1.91	1.63	1.85	1.20
Enterprise Value (Cr.)	189.37	123.89	135.70	128.76	102.23
EV / Net Operating Revenue (X)	0.23	0.16	0.25	0.26	0.20
EV / EBITDA (X)	8.79	6.82	7.90	8.32	8.54
MarketCap / Net Operating Revenue (X)	0.20	0.11	0.18	0.18	0.16
Price / BV (X)	1.24	0.68	0.80	0.76	0.72
Price / Net Operating Revenue (X)	0.20	0.11	0.18	0.18	0.16
EarningsYield	0.03	0.05	0.03	0.04	0.01

After reviewing the key financial ratios for Incredible Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 1.28. This value is below the healthy minimum of 5. It has increased from 1.05 (Mar 23) to 1.28, marking an increase of 0.23.
For Diluted EPS (Rs.), as of Mar 24, the value is 1.28. This value is below the healthy minimum of 5. It has increased from 1.05 (Mar 23) to 1.28, marking an increase of 0.23.
For Cash EPS (Rs.), as of Mar 24, the value is 2.49. This value is below the healthy minimum of 3. It has increased from 2.25 (Mar 23) to 2.49, marking an increase of 0.24.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 28.36. It has increased from 27.08 (Mar 23) to 28.36, marking an increase of 1.28.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 28.36. It has increased from 27.08 (Mar 23) to 28.36, marking an increase of 1.28.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 174.95. It has increased from 158.37 (Mar 23) to 174.95, marking an increase of 16.58.
For PBDIT / Share (Rs.), as of Mar 24, the value is 4.61. This value is within the healthy range. It has increased from 3.88 (Mar 23) to 4.61, marking an increase of 0.73.
For PBIT / Share (Rs.), as of Mar 24, the value is 3.40. This value is within the healthy range. It has increased from 2.68 (Mar 23) to 3.40, marking an increase of 0.72.
For PBT / Share (Rs.), as of Mar 24, the value is 2.13. This value is within the healthy range. It has increased from 1.53 (Mar 23) to 2.13, marking an increase of 0.60.
For Net Profit / Share (Rs.), as of Mar 24, the value is 1.28. This value is below the healthy minimum of 2. It has increased from 1.05 (Mar 23) to 1.28, marking an increase of 0.23.
For PBDIT Margin (%), as of Mar 24, the value is 2.63. This value is below the healthy minimum of 10. It has increased from 2.45 (Mar 23) to 2.63, marking an increase of 0.18.
For PBIT Margin (%), as of Mar 24, the value is 1.94. This value is below the healthy minimum of 10. It has increased from 1.69 (Mar 23) to 1.94, marking an increase of 0.25.
For PBT Margin (%), as of Mar 24, the value is 1.21. This value is below the healthy minimum of 10. It has increased from 0.96 (Mar 23) to 1.21, marking an increase of 0.25.
For Net Profit Margin (%), as of Mar 24, the value is 0.72. This value is below the healthy minimum of 5. It has increased from 0.66 (Mar 23) to 0.72, marking an increase of 0.06.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.50. This value is below the healthy minimum of 15. It has increased from 3.87 (Mar 23) to 4.50, marking an increase of 0.63.
For Return on Capital Employeed (%), as of Mar 24, the value is 10.91. This value is within the healthy range. It has increased from 8.39 (Mar 23) to 10.91, marking an increase of 2.52.
For Return On Assets (%), as of Mar 24, the value is 2.84. This value is below the healthy minimum of 5. It has increased from 2.34 (Mar 23) to 2.84, marking an increase of 0.50.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.02. This value is below the healthy minimum of 0.2. It has decreased from 0.08 (Mar 23) to 0.02, marking a decrease of 0.06.
For Total Debt / Equity (X), as of Mar 24, the value is 0.27. This value is within the healthy range. It has decreased from 0.31 (Mar 23) to 0.27, marking a decrease of 0.04.
For Asset Turnover Ratio (%), as of Mar 24, the value is 3.90. It has increased from 3.60 (Mar 23) to 3.90, marking an increase of 0.30.
For Current Ratio (X), as of Mar 24, the value is 2.58. This value is within the healthy range. It has decreased from 2.75 (Mar 23) to 2.58, marking a decrease of 0.17.
For Quick Ratio (X), as of Mar 24, the value is 1.77. This value is within the healthy range. It has decreased from 1.90 (Mar 23) to 1.77, marking a decrease of 0.13.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 14.70. This value exceeds the healthy maximum of 8. It has increased from 13.83 (Mar 23) to 14.70, marking an increase of 0.87.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3.65. This value is within the healthy range. It has increased from 3.37 (Mar 23) to 3.65, marking an increase of 0.28.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 2.01. This value is below the healthy minimum of 3. It has increased from 1.91 (Mar 23) to 2.01, marking an increase of 0.10.
For Enterprise Value (Cr.), as of Mar 24, the value is 189.37. It has increased from 123.89 (Mar 23) to 189.37, marking an increase of 65.48.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 0.23. This value is below the healthy minimum of 1. It has increased from 0.16 (Mar 23) to 0.23, marking an increase of 0.07.
For EV / EBITDA (X), as of Mar 24, the value is 8.79. This value is within the healthy range. It has increased from 6.82 (Mar 23) to 8.79, marking an increase of 1.97.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.20. This value is below the healthy minimum of 1. It has increased from 0.11 (Mar 23) to 0.20, marking an increase of 0.09.
For Price / BV (X), as of Mar 24, the value is 1.24. This value is within the healthy range. It has increased from 0.68 (Mar 23) to 1.24, marking an increase of 0.56.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.20. This value is below the healthy minimum of 1. It has increased from 0.11 (Mar 23) to 0.20, marking an increase of 0.09.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.05 (Mar 23) to 0.03, marking a decrease of 0.02.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Incredible Industries Ltd as of April 24, 2025 is: 20.25

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 24, 2025, Incredible Industries Ltd is Overvalued by 47.67% compared to the current share price 38.70

Intrinsic Value of Incredible Industries Ltd as of April 24, 2025 is: 24.69

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 24, 2025, Incredible Industries Ltd is Overvalued by 36.20% compared to the current share price 38.70

Last 5 Year EPS CAGR: 21.91%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (65.31 cr) compared to borrowings (65.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (538.69 cr) and profit (6.69 cr) over the years.	The stock has a low average ROCE of 10.33%, which may not be favorable. The stock has a high average Working Capital Days of 98.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 79.92, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Incredible Industries Ltd:
1. Net Profit Margin: 0.72%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 10.91% (Industry Average ROCE: 8.73%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 4.5% (Industry Average ROE: 8.66%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 2.01
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.77
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 18.5 (Industry average Stock P/E: 21.79)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.27
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Incredible Industries Ltd. is a Public Limited Listed company incorporated on 23/08/1979 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L27100WB1979PLC032200 and registration number is 032200. Currently Company is involved in the business activities of Manufacture of basic iron and steel. Company's Total Operating Revenue is Rs. 818.16 Cr. and Equity Capital is Rs. 46.76 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Steel	14, Netaji Subhas Road, 2nd Floor, Kolkata West Bengal 700001	investorsail@adhunikgroup.co.in http://www.incredibleindustries.co.in

Management
Name	Position Held
Mr. Rama Shankar Gupta	Chairman & Managing Director
Mr. Niket Agarwal	Non Executive Director
Mr. Asit Baran Dasgupta	Independent Director
Mrs. Sonam Agarwal	Independent Woman Director
Mrs. Shilpi Modi	Independent Woman Director
Mr. Sanjay Kaloya	Non Executive Director

FAQ

What is the intrinsic value of Incredible Industries Ltd?

Incredible Industries Ltd's intrinsic value (as of 24 April 2025) is ₹20.25 — 47.67% lower the current market price of 38.70, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 181 Cr. market cap, FY2025-2026 high/low of ₹63.6/28.5, reserves of 89 Cr, and liabilities of 196 Cr.

What is the Market Cap of Incredible Industries Ltd?

The Market Cap of Incredible Industries Ltd is 181 Cr..

What is the current Stock Price of Incredible Industries Ltd as on 24 April 2025?

The current stock price of Incredible Industries Ltd as on 24 April 2025 is 38.7.

What is the High / Low of Incredible Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Incredible Industries Ltd stocks is ₹63.6/28.5.

What is the Stock P/E of Incredible Industries Ltd?

The Stock P/E of Incredible Industries Ltd is 18.5.

What is the Book Value of Incredible Industries Ltd?

The Book Value of Incredible Industries Ltd is 29.1.

What is the Dividend Yield of Incredible Industries Ltd?

The Dividend Yield of Incredible Industries Ltd is 0.00 %.

What is the ROCE of Incredible Industries Ltd?

The ROCE of Incredible Industries Ltd is 9.09 %.

What is the ROE of Incredible Industries Ltd?

The ROE of Incredible Industries Ltd is 4.61 %.

What is the Face Value of Incredible Industries Ltd?

The Face Value of Incredible Industries Ltd is 10.0.