Incredible Industries Ltd

Incredible Industries Ltd

₹ 44.0 -0.45%
09 Jun 10:36 a.m.
About

Incorporated in 1979, Incredible Industries does manufacturing and sale of iron and steel related rolled products[1]

Key Points

Business Overview:[1][2][3]
IIL (Formerly Adhunik Industries Limited) is an ISO- 9001:2015, 14001:2015 & OHSAS 45001:2018 certified Iron and Steel company. It manufactures rolled products, mainly thermo-mechanically treated bars, rounds and wire rods in Kolkata. Further, company is also involved in generation of electricity through Wind Power

  • Market Cap 206 Cr.
  • Current Price 44.0
  • High / Low 63.6 / 28.5
  • Stock P/E 16.5
  • Book Value 31.1
  • Dividend Yield 0.00 %
  • ROCE 9.72 %
  • ROE 8.99 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 65.4% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.81% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.95% over last 3 years.
  • Promoters have pledged 68.0% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
182.07 182.49 165.67 183.56 208.89 228.18 208.96 158.66 222.35 182.89 181.17 161.87 230.22
175.27 179.32 162.57 178.81 202.16 224.09 205.73 154.28 214.70 177.83 178.08 158.14 220.78
Operating Profit 6.80 3.17 3.10 4.75 6.73 4.09 3.23 4.38 7.65 5.06 3.09 3.73 9.44
OPM % 3.73% 1.74% 1.87% 2.59% 3.22% 1.79% 1.55% 2.76% 3.44% 2.77% 1.71% 2.30% 4.10%
0.14 0.10 0.09 0.13 0.10 1.28 0.26 0.55 0.10 0.11 0.10 0.48 0.07
Interest 1.41 1.46 1.34 1.28 1.31 1.58 1.66 1.50 1.17 1.11 0.82 0.74 0.81
Depreciation 1.40 1.40 1.40 1.40 1.44 1.41 1.42 1.42 1.41 1.34 1.34 1.34 1.33
Profit before tax 4.13 0.41 0.45 2.20 4.08 2.38 0.41 2.01 5.17 2.72 1.03 2.13 7.37
Tax % 42.37% 26.83% 40.00% 35.45% 28.43% 44.12% -29.27% 51.24% 39.46% 40.07% -95.15% -42.25% 20.76%
2.39 0.30 0.27 1.42 2.92 1.33 0.53 0.98 3.12 1.62 2.00 3.03 5.84
EPS in Rs 0.51 0.06 0.06 0.30 0.62 0.28 0.11 0.21 0.67 0.35 0.43 0.65 1.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
441 411 410 372 478 666 496 484 531 736 816 756
406 373 383 349 453 649 484 469 515 718 797 735
Operating Profit 35 39 27 23 25 17 12 15 17 18 19 21
OPM % 8% 9% 7% 6% 5% 3% 2% 3% 3% 2% 2% 3%
1 1 1 1 1 1 0 0 0 0 2 1
Interest 26 20 19 17 15 9 5 4 6 5 6 3
Depreciation 4 3 3 4 4 4 6 6 6 6 6 5
Profit before tax 6 16 5 3 7 5 1 5 6 7 10 13
Tax % 28% 32% 54% 34% 30% 28% 23% 34% 40% 31% 40% 6%
4 11 2 2 5 4 1 4 4 5 6 12
EPS in Rs 0.93 2.30 0.49 0.49 1.04 0.81 0.22 0.78 0.76 1.05 1.28 2.67
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: 9%
3 Years: 12%
TTM: -7%
Compounded Profit Growth
10 Years: 1%
5 Years: 65%
3 Years: 52%
TTM: 109%
Stock Price CAGR
10 Years: -11%
5 Years: 18%
3 Years: 28%
1 Year: 5%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 6%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 47 47 47 47 47 47 47 47 47 47 47 47
Reserves 43 54 56 58 63 67 68 71 75 80 86 98
115 105 72 90 72 34 23 41 48 49 43 23
47 93 96 81 103 55 29 34 32 33 34 26
Total Liabilities 252 299 270 276 285 203 166 193 202 209 210 194
56 55 57 54 50 47 47 42 46 43 38 32
CWIP 3 2 0 0 0 0 0 0 0 0 5 11
Investments 0 0 0 0 0 0 0 0 0 0 0 0
194 242 213 222 235 156 119 151 155 166 167 150
Total Assets 252 299 270 276 285 203 166 193 202 209 210 194

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39 27 53 -2 34 42 25 -13 20 10 24 37
-2 -1 -3 -0 1 5 -6 -1 -11 -3 -4 -4
-36 -29 -51 3 -33 -47 -21 14 -9 -7 -13 -22
Net Cash Flow 0 -3 -0 -0 2 -0 -3 0 -0 1 7 11

Ratios

Figures in Rs. Crores

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 64 67 73 86 67 42 28 40 25 14 20 20
Inventory Days 69 129 85 101 84 33 45 28 37 27 25 29
Days Payable 34 75 68 60 44 10 13 7 12 9 9 7
Cash Conversion Cycle 99 121 90 127 107 66 60 61 50 32 36 42
Working Capital Days 114 128 105 142 117 69 72 93 88 68 57 50
ROCE % 15% 18% 13% 11% 12% 9% 4% 7% 7% 7% 9% 10%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96% 74.96%
25.04% 25.04% 25.03% 25.04% 25.04% 25.04% 25.05% 25.04% 25.05% 25.05% 25.03% 25.04%
No. of Shareholders 6,8996,8676,8526,9366,7526,6426,5616,1756,2496,7187,2867,450

Documents