Incredible Industries Limited (INCREDIBLE) AI Stock Analysis

• Market Cap: ₹1.66B
• Dividend Yield: N/A
• Average Volume (3M): 11.11K
• Price to Earnings (P/E): 26.5
• Beta (1Y): 0.79
• Revenue Growth: 10.59%
• EPS Growth: 82.10%
• Country: IN
• Employees: 194
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Steel
• EPS (TTM): 0.38
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ₹30.00 ▼(-22.50% Downside)
• Action: Reiterated Date: 03/11/26
• Date: Action: Reiterated 03/11/26

The score is driven primarily by a reasonably strong financial position (especially balance sheet strength and improving cash flow), offset by weak technicals with the stock trading below key moving averages and negative MACD. Valuation (P/E 26.5) is not compelling enough to outweigh the current weak price trend.

Positive Factors

Balance sheet strength

A high equity ratio and manageable leverage give the company structural resilience through steel-cycle volatility. Durable balance-sheet strength supports borrowing capacity, funds capital expenditure and cushions downturns, enabling sustained operations and strategic investments over months.

Negative Factors

Inconsistent revenue trend

Uneven top-line growth and a recent revenue decline signal underlying demand or competitive challenges in the steel business. Sustained revenue volatility can limit scale economies, pressure margins and reduce predictability of cash flows over the medium term.

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 gen...

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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 gen...

Incredible Industries Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	8.24B	7.56B	8.20B	7.41B	5.36B	4.93B
Gross Profit	584.89M	468.45M	584.09M	520.50M	494.74M	570.73M
EBITDA	244.56M	220.77M	212.89M	180.19M	171.99M	155.28M
Net Income	140.68M	124.87M	59.68M	49.07M	35.61M	36.27M
Balance Sheet
Total Assets	1.94B	1.94B	2.10B	2.09B	2.02B	1.93B
Cash, Cash Equivalents and Short-Term Investments	162.36M	202.83M	76.09M	6.74M	22.00K	1.64M
Total Debt	179.69M	231.09M	432.09M	491.48M	476.02M	410.03M
Total Liabilities	437.98M	488.10M	774.34M	826.26M	799.38M	750.83M
Stockholders Equity	1.51B	1.45B	1.33B	1.27B	1.22B	1.18B
Cash Flow
Free Cash Flow	21.94M	283.21M	184.96M	79.05M	99.14M	-137.98M
Operating Cash Flow	35.34M	343.25M	238.29M	104.09M	196.13M	-126.21M
Investing Cash Flow	-147.26M	-49.05M	-41.43M	-25.85M	-108.70M	-9.36M
Financing Cash Flow	-68.41M	-188.42M	-127.61M	-71.52M	-89.05M	135.80M

Incredible Industries Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 38.71
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 38.71 is above the 20-day moving average (MA) of 32.56, above the 50-day MA of 34.72, and below the 200-day MA of 40.38, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 57.69 is Neutral, neither overbought nor oversold. The STOCH value of 73.93 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
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HISARMETAL	60 Neutral	₹784.35M	16.16	―	0.61%	-1.81%	-45.95%
INCREDIBLE	59 Neutral	₹1.66B	26.50	―	―	10.59%	82.10%
SHAHALLOYS	52 Neutral	₹1.37B	0.90	―	―	-76.23%	―
VSTL	50 Neutral	₹2.22B	37.98	―	―	4.51%	-5.18%
SHYAMCENT	45 Neutral	₹980.24M	-5.31	―	―	-41.73%	-37.19%
PRAKASHSTL	41 Neutral	₹771.75M	75.18	―	―	-6.37%	-96.15%

Incredible Industries Limited Corporate Events