Incap quarterly results and financials

Incap (BSE 517370)₹70.00+4.51%(9 Nov 2026 close)Other Electrical Equipment

Key facts

In the Jun 2026 quarter (standalone), Incap reported sales of ₹5.40 Cr, down 45.7% from Jun 2025, and net profit of ₹0.12 Cr, down 61.3% year on year. For the year to Mar 2026, sales were ₹31.53 Cr and net profit ₹0.35 Cr.

Sales (Jun 2026): ₹5.40 Cr
Net profit (Jun 2026): ₹0.12 Cr
Sales (FY Mar 2026): ₹31.53 Cr
Net profit (FY Mar 2026): ₹0.35 Cr
EPS (Jun 2026): ₹0.22
Borrowings (Mar 2026): ₹0.80 Cr

Company filings, standalone accounts; latest reported quarter Jun 2026

Incap quarterly results

₹ crore unless stated; each column is a quarter.

Incap Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	6.60	3.90	3.94	4.64	7.06	16.83	4.92	9.94	6.20	7.25	8.15	5.40
Expenses	6.14	3.59	4.40	4.32	6.49	16.43	4.68	9.45	5.74	7.11	8.17	5.16
Operating Profit	0.48	0.34	−0.44	0.36	0.60	0.48	0.28	0.52	0.51	0.19	0.04	0.26
OPM %	7.4%	8.5%	−10.8%	7.5%	8.6%	2.8%	5.5%	5.1%	8.0%	2.5%	0.4%	5.0%
Other Income	0.05	−0.03	0.81	0.00	0.00	0.00	0.20	0.00	0.04	0.14	−0.04	0.00
Interest	0.05	0.12	−0.05	0.02	0.06	0.17	0.17	0.12	0.13	0.04	0.01	0.06
Depreciation	0.07	0.07	0.14	0.08	0.08	0.08	0.10	0.07	0.18	0.12	0.12	0.10
Profit before tax	0.40	0.11	0.29	0.24	0.46	0.21	0.18	0.31	0.23	0.14	−0.16	0.12
Tax %	0.0%	0.0%	89.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	0.40	0.11	0.03	0.24	0.46	0.21	0.18	0.31	0.23	0.15	−0.16	0.12
EPS (Rs)	0.77	0.20	0.05	0.46	0.89	0.40	0.34	0.59	0.44	0.28	−0.30	0.22

Incap profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Incap Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	29.94	28.47	28.26	20.49	38.20	20.84	23.06	20.99	19.27	33.46	31.53	27.00
Expenses	26.82	24.65	25.03	19.43	37.64	20.82	22.56	20.58	18.76	31.87	30.48	26.18
Operating Profit	3.26	3.90	3.37	1.17	0.73	0.12	0.63	0.48	0.63	1.74	1.21	1.00
OPM %	10.9%	13.7%	11.9%	5.7%	1.9%	0.5%	2.7%	2.2%	3.2%	5.2%	3.8%	3.7%
Other Income	0.36	0.39	1.06	1.06	0.90	1.23	1.19	1.03	0.89	0.20	0.15	0.14
Interest	0.70	0.43	0.14	0.38	0.55	0.17	0.19	0.20	0.19	0.48	0.32	0.24
Depreciation	0.39	0.31	0.38	0.46	0.47	0.48	0.43	0.38	0.37	0.37	0.49	0.52
Profit before tax	2.52	3.56	3.90	1.38	0.60	0.69	1.17	0.90	0.93	1.06	0.52	0.33
Tax %	38.6%	33.5%	26.7%	29.2%	27.1%	13.2%	31.0%	25.9%	27.2%	23.8%	33.4%	—
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Net Profit	1.54	2.37	2.86	0.98	0.45	0.59	0.81	0.67	0.68	0.81	0.35	0.34
EPS (Rs)	2.99	4.61	5.56	1.90	0.87	1.14	1.57	1.30	1.32	1.57	0.67	0.64
Dividend payout %	33.6%	21.8%	18.0%	52.9%	0.0%	88.5%	64.2%	77.8%	76.6%	64.2%	151.0%	—

Incap balance sheet

₹ crore, at each year end.

Incap Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.14	5.13	5.14	5.12	5.15	5.15	5.15	5.15	5.14	5.14	5.15	5.15
Reserves	4.74	5.66	7.40	9.61	9.95	10.19	10.32	10.66	10.80	10.90	11.07	10.89
Borrowings	4.64	1.36	0.14	0.40	0.87	0.67	1.82	1.87	1.18	2.74	5.38	0.80
Other Liabilities	20.42	8.65	6.49	7.17	8.54	19.27	18.98	11.58	10.89	8.57	8.27	10.73
Total Liabilities	34.94	20.80	19.17	22.30	24.51	35.28	36.27	29.26	28.01	27.35	29.87	27.57
Fixed Assets	5.23	5.47	4.27	4.45	4.93	4.63	4.18	3.48	3.66	3.42	7.30	6.82
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	2.01	2.01	2.01	2.01	2.22	2.22	2.58	2.58
Other Assets	29.71	15.33	14.90	17.85	17.57	28.64	30.08	23.77	22.13	21.71	19.99	18.17
Inventories	6.13	4.64	3.01	2.65	3.31	1.52	2.14	2.32	2.00	2.88	2.30	6.16
Trade receivables	12.93	8.52	6.29	6.27	5.00	7.16	7.47	5.16	6.24	9.84	14.24	7.46
Cash & equivalents	3.37	0.25	4.30	7.52	2.86	13.70	17.91	14.88	12.68	8.16	3.07	2.75
Total Assets	34.94	20.80	19.17	22.30	24.51	35.28	36.27	29.26	28.01	27.35	29.87	27.57

Incap cash flow

₹ crore, for each year.

Incap Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−2.02	1.70	5.29	3.61	−1.75	10.79	2.83	−3.82	−1.03	−6.04	−2.10	5.10
Cash from investing activity	−0.24	−0.31	1.25	0.08	−2.41	0.70	0.85	1.42	0.22	0.66	−4.62	0.00
Cash from financing activity	2.02	−4.51	−2.40	−0.49	−0.46	−0.69	0.48	−0.62	−1.37	0.86	1.66	−5.41
Net cash flow	−0.24	−3.11	4.15	3.20	−4.64	10.79	4.17	−3.01	−2.18	−4.51	−5.06	−0.31
Capex	1.31	1.35	0.38	0.56	0.92	0.14	0.01	0.00	0.57	0.14	4.27	0.01
Free cash flow	−3.34	1.04	6.29	3.04	−2.68	10.62	2.81	−3.39	−1.53	−6.17	−6.37	5.08
CFO / OP %	−101.0%	24.9%	161.0%	140.9%	−136.0%	1,522.0%	2,744.9%	−568.0%	−172.1%	−937.1%	−106.1%	437.9%

Incap ratios

Working-capital days and returns, by year.

Incap Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	103	104	81	81	89	69	131	82	109	186	155	87
Inventory days	153	110	72	64	96	53	76	67	61	81	31	88
Days payable	53	66	106	130	192	640	602	291	276	196	87	81
Cash conversion cycle	203	148	47	16	−8	−518	−395	−141	−106	71	100	93
Working capital days	14	67	39	26	2	−86	−132	−55	−33	53	45	50
ROCE %	30.0%	24.1%	31.2%	28.9%	11.3%	7.1%	4.6%	6.8%	5.9%	6.1%	7.6%	4.4%

Incap: frequently asked questions

What are the latest quarterly results of Incap?

For the Jun 2026 quarter, Incap reported sales of ₹5.40 Cr, down 45.7% year on year and net profit of ₹0.12 Cr, down 61.3% year on year. The operating margin was 5.0%.

What is the annual revenue of Incap?

Incap's sales for the year to Mar 2026 were ₹31.53 Cr; over the last twelve months they were ₹27 Cr.

What is the net profit of Incap?

Net profit for the year to Mar 2026 was ₹0.35 Cr, and ₹0.34 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.64.

How much debt does Incap have?

Incap reported borrowings of ₹0.80 Cr at Mar 2026, against cash and equivalents of ₹2.75 Cr.

What is the free cash flow of Incap?

Cash from operations was ₹5.10 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹5.08 Cr.

Loading…