Incredible Industries Limited (INCREDIBLE) AI Stock Analysis

• Market Cap: ₹2.16B
• Dividend Yield: N/A
• Average Volume (3M): 11.11K
• Price to Earnings (P/E): 14.8
• Beta (1Y): 0.57
• Revenue Growth: 2.61%
• EPS Growth: 133.15%
• Country: IN
• Employees: 194
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Steel
• EPS (TTM): 0.79
• Shares Outstanding: 46,763,752
• 10 Day Avg. Volume: 1,455
• 30 Day Avg. Volume: 11,111
• PEG Ratio: 0.13
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 6.09
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹53.00
• Price Target Upside: 14.50% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 74 Outperform
• Price Target: ₹53.00 ▲(14.50% Upside)

Incredible Industries Limited scores well due to strong technical indicators and a stable financial position. However, concerns about revenue consistency and net profit margins, along with a lack of dividend yield, slightly temper the overall score.

Incredible Industries Limited Business Overview & Revenue Model

Company Description

Incredible Industries Limited manufactures and sells iron and steel products in India. It offers steel related rolled products, such as TMT, wire rods, H. B. wire, etc., as well as provides related services. The company is also involved in the generation of electricity through wind power. It also exports its products. The company was formerly known as Adhunik Industries Limited and changed its name to Incredible Industries Limited in May 2021. Incredible Industries Limited was incorporated in 1979 and is based in Kolkata, India.

How the Company Makes Money

INCREDIBLE makes money through a multi-faceted revenue model that includes the sale of its proprietary technology products, licensing of its software solutions, and revenue from manufacturing contracts. The company also generates substantial income from its renewable energy projects, including solar and wind farms, which sell electricity to national grids and private entities. Key revenue streams include direct sales, licensing fees, and long-term energy supply agreements. Strategic partnerships with technology firms and government bodies further enhance its revenue potential by opening up new markets and securing large-scale contracts.

Incredible Industries Limited Financial Statement Overview

Summary

Incredible Industries Limited demonstrates a stable financial position with strengths in its balance sheet and cash flow generation. However, there are concerns regarding revenue consistency and net profit margins, which need improvement for sustained growth.

Income Statement

Incredible Industries Limited shows a mixed performance in its income statement. The gross profit margin has been relatively stable, reflecting efficient cost management. However, the net profit margin has been volatile due to fluctuating net income, indicating potential challenges in maintaining consistent profitability. Revenue growth has been inconsistent, with a notable decline in the latest year, suggesting market or operational challenges. The EBIT and EBITDA margins show some improvement, but the overall profitability needs strengthening.

Balance Sheet

The balance sheet of Incredible Industries Limited is relatively strong, with a solid equity base as indicated by a high equity ratio. The debt-to-equity ratio is manageable, suggesting prudent leverage. Return on equity has improved, reflecting better utilization of equity to generate profits. However, the company should monitor its debt levels to ensure long-term financial stability.

Cash Flow

Cash flow analysis reveals a positive trend in operating cash flow, indicating good cash generation from core operations. Free cash flow has shown significant growth, which is a positive sign for future investments and debt servicing. However, the operating cash flow to net income ratio indicates some inconsistency in converting income into cash, which could be a concern if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.93B	7.56B	8.20B	7.41B	5.36B	4.93B
Gross Profit	591.05M	468.45M	584.09M	520.50M	494.74M	570.73M
EBITDA	235.07M	220.77M	212.89M	180.19M	171.99M	155.28M
Net Income	145.82M	124.87M	59.68M	49.07M	35.61M	36.27M
Balance Sheet
Total Assets	0.00	1.94B	2.10B	2.09B	2.02B	1.93B
Cash, Cash Equivalents and Short-Term Investments	202.83M	202.83M	76.09M	6.74M	22.00K	1.64M
Total Debt	0.00	231.09M	432.09M	491.48M	476.02M	410.03M
Total Liabilities	-1.45B	488.10M	774.34M	826.26M	799.38M	750.83M
Stockholders Equity	1.45B	1.45B	1.33B	1.27B	1.22B	1.18B
Cash Flow
Free Cash Flow	0.00	283.21M	184.96M	79.05M	99.14M	-137.98M
Operating Cash Flow	0.00	343.25M	238.29M	104.09M	196.13M	-126.21M
Investing Cash Flow	0.00	-49.05M	-41.43M	-25.85M	-108.70M	-9.36M
Financing Cash Flow	0.00	-188.42M	-127.61M	-71.52M	-89.05M	135.80M

Incredible Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INCREDIBLE, the sentiment is Positive. The current price of 46.29 is below the 20-day moving average (MA) of 46.36, above the 50-day MA of 43.80, and above the 200-day MA of 41.12, indicating a bullish trend. The MACD of 0.35 indicates Positive momentum. The RSI at 53.97 is Neutral, neither overbought nor oversold. The STOCH value of 33.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:INCREDIBLE.

Incredible Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INCREDIBLE	74 Outperform	₹2.16B	14.85	―	―	2.61%	133.15%
RPPL	60 Neutral	₹1.43B	14.67	―	0.16%	18.96%	112.90%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
INDIANCARD	52 Neutral	₹1.46B	5.33	―	―	-17.38%	-62.57%