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INCREDIBLE INDUSTRIES (INCREDIBLE) had a P/E of 11.9× on 6 Nov 2026, below the industry P/E of 19.9×, and the shares are 35% below their 52-week high. Sales and net profit grew 4.4% and 33% a year over 3 years, with ROCE of 10% and ROE of 7.6%. Debt is 0.22× equity. It is a small-cap company with a market cap of ₹145 Cr, ranked 93rd of 150 Steel companies by market cap; the shares fell 29% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹31.00
Day high
₹31.50
Day low
₹30.35
Prev. close
₹30.68
Volume
4.5K

Health check

3 good · 3 to check
  • ReturnsBehind

    −29.2% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 11.9 vs industry 19.9.

  • GrowthStrong

    Sales +4.4%, profit +32.9% a year over 3 years.

  • ProfitabilityWeak

    ROCE 10.5% vs peer median 18.7%.

  • Balance sheetSolid

    Debt 0.22× equity, interest covered 8.8×.

  • Red flags3 to check

    Return on equity is low at 7.6%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Steel

149 listed peers. Screen the industry

Small cap

₹145 Cr, #93 of 150 in its industry by size.

Defensive

Beta 0.31 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹834 Cr · profit ₹12 Cr
Market cap
₹145 Cr
Small cap
P/E
11.9
Industry 19.9
Price to book
0.87
Peers 2.28
Dividend yield
0.00%
ROE
7.6%
Peers 23.4%
ROCE
10.5%
Peers 18.7%
Debt to equity
0.22
Debt ₹34 Cr
EPS (TTM)
₹2.61
Face value ₹10
OPM (TTM)
2.7%
Net margin 1.4%
Sales growth
−3.1%
Latest quarter vs a year ago
Profit growth
+6.7%
Latest quarter vs a year ago
Price to sales
0.17
EV/EBITDA 6.7

Strengths and risks

Strengths

  • P/E of 11.9 against an industry P/E of 19.9.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 7.6%.
  • Quarterly sales down 3.1% on a year ago.
  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About INCREDIBLE INDUSTRIES

Incredible Industries Limited manufactures and sells iron and steel products in India. The company offers steel related rolled products, such as TMT bars, wire rods, H.B. wires, etc., as well as related services. It also offers billets, linkedge, annaling, torkari, and wire nail products. In addition, the company engages in the generation of electricity through wind power. It also exports its products. The company was formerly known as Adhunik Industries…

Headquarters
Kolkata
Employees
190
Sector
Basic Materials
ISIN
INE452L01012
Website
incredibleindustries.co.in

Price range

52 weeks

₹28.10₹47.35

Today

₹30.35₹31.50
Avg volume (3M)
5.6K
1-year return
minus 29.2%
From 52-week high
minus 34.7%

Peers · Steel

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
JSWSTEELJSW Steel1,357.10plus 0.11%3,31,26511.712.218.7%17.7%0.623.6%plus 14.7%
TATASTEELTata Steel186.30plus 2.36%2,32,39721.19.111.3%15.2%0.89−1.6%plus 1.5%
JINDALSTELJindal Steel1,165.00plus 1.31%1,18,59441.514.97.5%15.9%0.42−13.1%plus 6.4%
LLOYDSMELloyds Metals And Energy1,785.50minus 1.38%1,00,48219.118.819.4%37.4%1.2371.3%plus 37.4%
SAILSteel Authority of India171.60minus 0.41%70,88012.68.17.2%12.9%0.502.0%plus 24.7%
NMDCNMDC70.40minus 0.01%61,8948.36.228.4%30.0%0.1922.0%minus 5.2%
APLAPOLLOAPL Apollo Tubes2,185.30minus 0.41%60,67746.332.728.0%8.2%0.1712.6%plus 23.3%
INCREDIBLEINCREDIBLE INDUSTRIES30.93plus 0.81%14511.96.9–2.7%0.224.4%minus 29.2%
Median of 7 peers–−0.01%1,00,48219.112.218.7%15.9%0.503.6%14.7%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
220212189219213
213208185211206
6.53.84.28.26.7
3.0%1.8%2.2%3.7%3.2%
0.10.30.70.40.3
0.40.70.50.90.8
1.21.21.21.31
4.92.23.26.35.3
24.9%32.1%43.1%28.5%25.2%
3.71.51.84.54
0.800.330.391.020.87

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.4%
Profit CAGR 3Y
+32.9%
EPS CAGR 3Y
+32.9%
ROE
7.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
706782721803
–+10.8%minus 7.8%+11.4%
688762698781
17.819.422.522.8
2.5%2.5%3.1%2.8%
0.21.80.40.5
5.25.63.22.1
5.65.75.45
––−10.5
7.11013.216.6
31.3%40.1%5.6%30.7%
4.9612.511.5
–+21.6%+109.2%minus 7.8%
1.051.282.672.46

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
46.846.846.846.8
79.985.898.5110
49.143.223.134.3
33.534.225.730.1
209210194221
43.443.95077.1
0.26.217.750.8
0.77.618.213.7
16515210879.9
209210194221

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10.423.837.39.6
−2.6−4.1−4.4−36.3
−7.2−12.8−22.38.5
0.76.910.6−18.1
−2.5−5.3−6−22.9
7.918.531.3−13.3

Shareholding pattern

Source: NSE filings
75.0%
promoters
  • Promoters74.96%
  • Public25.04%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.96%25.04%0.00
30 Jun 202674.96%25.04%0.00
31 Mar 202674.96%25.04%0.00
31 Dec 202574.96%25.04%0.00
30 Sep 202574.96%25.04%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you