INCREDIBLE INDUSTRIES (INCREDIBLE)₹31.40−3.00%Iron & Steel Products
In the Jun 2026 quarter (standalone), INCREDIBLE INDUSTRIES reported sales of ₹212 Cr, down 3.1% from Jun 2025, and net profit of ₹3.95 Cr, up 6.5% year on year. For the year to Mar 2026, sales were ₹837 Cr and net profit ₹11.97 Cr.
Company filings, standalone accounts; latest reported quarter Jun 2026
| 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 | 208 | 158 | 221 | 182 | 180 | 161 | 229 | 219 | 211 | 188 | 219 | 212 |
| Expenses | 206 | 154 | 215 | 178 | 178 | 158 | 221 | 213 | 208 | 185 | 211 | 206 |
| Operating Profit | 3.24 | 4.40 | 7.68 | 5.08 | 3.10 | 3.74 | 9.48 | 6.55 | 3.84 | 4.20 | 8.21 | 6.74 |
| OPM % | 1.5% | 2.8% | 3.4% | 2.8% | 1.7% | 2.3% | 4.1% | 3.0% | 1.8% | 2.2% | 3.7% | 3.1% |
| Other Income | 0.27 | 0.56 | 0.11 | 0.12 | 0.11 | 0.49 | 0.08 | 0.08 | 0.31 | 0.72 | 0.37 | 0.32 |
| Interest | 1.65 | 1.49 | 1.16 | 1.10 | 0.81 | 0.73 | 0.80 | 0.40 | 0.69 | 0.54 | 0.87 | 0.76 |
| Depreciation | 1.41 | 1.41 | 1.40 | 1.33 | 1.33 | 1.33 | 1.32 | 1.23 | 1.23 | 1.18 | 1.33 | 0.95 |
| Profit before tax | 0.40 | 2.00 | 5.16 | 2.71 | 1.02 | 2.12 | 7.36 | 4.94 | 2.18 | 3.14 | 6.31 | 5.29 |
| Tax % | −29.3% | 51.2% | 39.4% | 40.0% | −95.2% | −42.3% | 20.7% | 24.8% | 31.9% | 43.1% | 28.4% | 25.0% |
| Net Profit | 0.52 | 0.97 | 3.11 | 1.61 | 1.99 | 3.02 | 5.82 | 3.71 | 1.48 | 1.78 | 4.51 | 3.95 |
| EPS (Rs) | 0.10 | 0.20 | 0.66 | 0.34 | 0.42 | 0.64 | 1.24 | 0.79 | 0.31 | 0.37 | 0.96 | 0.84 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 408 | 371 | 476 | 664 | 494 | 482 | 529 | 733 | 813 | 750 | 837 | 831 |
| Expenses | 383 | 349 | 453 | 649 | 483 | 469 | 514 | 718 | 796 | 731 | 817 | 810 |
| Operating Profit | 27.10 | 23.08 | 25.11 | 17.08 | 12.04 | 15.05 | 17.07 | 18.08 | 19.07 | 21.09 | 23.08 | 22.99 |
| OPM % | 7.0% | 6.0% | 5.0% | 2.6% | 2.4% | 3.1% | 3.1% | 2.4% | 2.4% | 2.8% | 2.7% | 2.8% |
| Other Income | 1.01 | 1.01 | 1.01 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 1.01 | 1.01 | 1.72 |
| Interest | 18.95 | 16.97 | 14.96 | 8.97 | 4.99 | 3.99 | 5.99 | 4.99 | 5.99 | 3.99 | 2.99 | 2.86 |
| Depreciation | 2.99 | 3.99 | 3.99 | 3.99 | 5.99 | 5.99 | 5.99 | 5.99 | 5.99 | 4.99 | 4.99 | 4.69 |
| Profit before tax | 4.99 | 2.99 | 6.99 | 4.99 | 0.99 | 4.99 | 5.99 | 6.99 | 9.99 | 12.99 | 16.97 | 16.92 |
| Tax % | 54.0% | 33.9% | 29.9% | 27.9% | 23.0% | 34.0% | 39.9% | 31.0% | 39.9% | 6.0% | 31.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | — |
| Net Profit | 1.99 | 1.99 | 4.99 | 3.99 | 0.99 | 3.99 | 3.99 | 4.99 | 5.98 | 11.96 | 11.97 | 11.72 |
| EPS (Rs) | 0.48 | 0.48 | 1.03 | 0.80 | 0.21 | 0.77 | 0.75 | 1.04 | 1.27 | 2.66 | 2.45 | 2.48 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 47.14 | 47.13 | 47.13 | 47.13 | 47.19 | 47.16 | 47.16 | 47.14 | 47.18 | 47.20 | 47.13 | 47.18 |
| Reserves | 54.09 | 56.07 | 58.11 | 63.16 | 67.17 | 68.08 | 71.12 | 75.12 | 80.16 | 86.20 | 98.23 | 110 |
| Borrowings | 105 | 71.73 | 89.62 | 71.75 | 33.86 | 22.92 | 40.83 | 47.85 | 48.80 | 42.85 | 22.92 | 33.86 |
| Other Liabilities | 93.44 | 96.39 | 81.29 | 103 | 54.83 | 28.92 | 34.07 | 32.16 | 33.15 | 34.02 | 25.93 | 30.06 |
| Total Liabilities | 299 | 270 | 276 | 285 | 203 | 166 | 193 | 202 | 209 | 210 | 194 | 221 |
| Fixed Assets | 54.78 | 56.82 | 53.82 | 49.80 | 46.85 | 46.85 | 41.89 | 45.87 | 42.87 | 37.84 | 31.89 | 25.92 |
| CWIP | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.01 | 11.01 | 35.03 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 243 | 214 | 222 | 235 | 156 | 119 | 151 | 155 | 166 | 167 | 150 | 160 |
| Inventories | 122 | 81.18 | 88.21 | 97.35 | 56.20 | 56.20 | 33.12 | 49.15 | 51.15 | 52.11 | 55.18 | 51.14 |
| Trade receivables | 74.98 | 81.97 | 87.92 | 86.93 | 76.92 | 36.99 | 52.94 | 36.01 | 26.99 | 44.01 | 41.95 | 31.99 |
| Cash & equivalents | 7.96 | 6.97 | 6.97 | 8.97 | 3.98 | 0.99 | 0.99 | 1.99 | 2.99 | 10.95 | 19.93 | 15.93 |
| Total Assets | 299 | 270 | 276 | 285 | 203 | 166 | 193 | 202 | 209 | 210 | 194 | 221 |
| 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 | 26.90 | 52.78 | −1.99 | 33.86 | 41.85 | 24.91 | −12.94 | 19.94 | 9.95 | 23.92 | 36.83 | 9.96 |
| Cash from investing activity | −0.99 | −2.99 | 0.00 | 0.99 | 4.99 | −5.99 | −1.01 | −11.01 | −2.99 | −3.99 | −3.99 | −35.99 |
| Cash from financing activity | −29.01 | −51.03 | 2.99 | −32.99 | −46.98 | −21.01 | 14.01 | −8.99 | −6.99 | −13.01 | −22.01 | 8.99 |
| Net cash flow | −3.01 | 0.00 | 0.00 | 2.01 | 0.00 | −3.01 | 0.00 | 0.00 | 1.01 | 7.01 | 11.01 | −18.01 |
| Capex | 2.88 | 5.72 | 0.55 | 0.00 | 0.00 | 5.85 | 1.19 | 9.72 | 2.51 | 5.34 | 6.01 | 22.99 |
| Free cash flow | 25.08 | 49.18 | −3.01 | 34.13 | 42.14 | 19.08 | −14.06 | 10.04 | 8.03 | 18.06 | 31.14 | −13.05 |
| CFO / OP % | 78.0% | 217.1% | −5.0% | 134.0% | 244.1% | 216.0% | −77.0% | 137.1% | 73.0% | 143.1% | 193.0% | 61.1% |
| 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 | 66 | 72 | 85 | 66 | 41 | 27 | 39 | 24 | 13 | 19 | 20 | 13 |
| Inventory days | 130 | 86 | 102 | 85 | 34 | 46 | 29 | 38 | 28 | 26 | 30 | 25 |
| Days payable | 74 | 67 | 59 | 43 | 9 | 12 | 6 | 11 | 8 | 8 | 6 | 6 |
| Cash conversion cycle | 121 | 90 | 127 | 107 | 66 | 60 | 61 | 50 | 32 | 36 | 42 | 31 |
| Working capital days | 56 | 52 | 58 | 63 | 52 | 56 | 77 | 72 | 52 | 41 | 40 | 38 |
| ROCE % | 18.0% | 13.0% | 11.0% | 11.9% | 9.0% | 4.0% | 7.0% | 7.0% | 7.0% | 9.0% | 10.0% | 11.0% |
For the Jun 2026 quarter, INCREDIBLE INDUSTRIES reported sales of ₹212 Cr, down 3.1% year on year and net profit of ₹3.95 Cr, up 6.5% year on year. The operating margin was 3.1%.
INCREDIBLE INDUSTRIES' sales for the year to Mar 2026 were ₹837 Cr; over the last twelve months they were ₹831 Cr.
Net profit for the year to Mar 2026 was ₹11.97 Cr, and ₹11.72 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.48.
INCREDIBLE INDUSTRIES reported borrowings of ₹33.86 Cr at Mar 2026, against cash and equivalents of ₹15.93 Cr.
Cash from operations was ₹9.96 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹13.05 Cr.