Incredible Indus Share Price ₹33.3 | P/E 13.3

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Incredible Indus

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	183.56	208.89	228.18	208.96	158.66	222.35	182.89	181.17	161.87	230.22	219.76	212.13	188.98
Expenses +	178.81	202.16	224.09	205.73	154.28	214.70	177.83	178.08	158.14	220.78	213.23	208.30	184.80
Operating Profit	4.75	6.73	4.09	3.23	4.38	7.65	5.06	3.09	3.73	9.44	6.53	3.83	4.18
OPM %	2.59%	3.22%	1.79%	1.55%	2.76%	3.44%	2.77%	1.71%	2.30%	4.10%	2.97%	1.81%	2.21%
Other Income +	0.13	0.10	1.28	0.26	0.55	0.10	0.11	0.10	0.48	0.07	0.07	0.30	0.71
Interest	1.28	1.31	1.58	1.66	1.50	1.17	1.11	0.82	0.74	0.81	0.41	0.70	0.55
Depreciation	1.40	1.44	1.41	1.42	1.42	1.41	1.34	1.34	1.34	1.33	1.24	1.24	1.19
Profit before tax	2.20	4.08	2.38	0.41	2.01	5.17	2.72	1.03	2.13	7.37	4.95	2.19	3.15
Tax %	35.45%	28.43%	44.12%	-29.27%	51.24%	39.46%	40.07%	-95.15%	-42.25%	20.76%	24.85%	31.96%	43.17%
Net Profit +	1.42	2.92	1.33	0.53	0.98	3.12	1.62	2.00	3.03	5.84	3.72	1.49	1.79
EPS in Rs	0.30	0.62	0.28	0.11	0.21	0.67	0.35	0.43	0.65	1.25	0.80	0.32	0.38

Financials of Incredible Indus

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	441	411	410	372	478	666	496	484	531	736	816	753	851
Expenses +	406	373	383	349	453	649	484	469	515	718	797	732	827
Operating Profit	35	39	27	23	25	17	12	15	17	18	19	21	24
OPM %	8%	9%	7%	6%	5%	3%	2%	3%	3%	2%	2%	3%	3%
Other Income +	1	1	1	1	1	1	0	0	0	0	2	1	1
Interest	26	20	19	17	15	9	5	4	6	5	6	4	2
Depreciation	4	3	3	4	4	4	6	6	6	6	6	5	5
Profit before tax	6	16	5	3	7	5	1	5	6	7	10	13	18
Tax %	28%	32%	54%	34%	30%	28%	23%	34%	40%	31%	40%	6%
Net Profit +	4	11	2	2	5	4	1	4	4	5	6	12	13
EPS in Rs	0.93	2.30	0.49	0.49	1.04	0.81	0.22	0.78	0.76	1.05	1.28	2.67	2.75
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Financials of Incredible Indus

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	47	47	47	47	47	47	47	47	47	47	47	47	47
Reserves	43	54	56	58	63	67	68	71	75	80	86	98	104
Borrowings +	115	105	72	90	72	34	23	41	48	49	43	23	18
Other Liabilities +	47	93	96	81	103	55	29	34	32	33	34	26	26
Total Liabilities	252	299	270	276	285	203	166	193	202	209	210	194	194
Fixed Assets +	56	55	57	54	50	47	47	42	46	43	38	32	30
CWIP	3	2	0	0	0	0	0	0	0	0	5	11	13
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets +	194	242	213	222	235	156	119	151	155	166	167	150	152
Total Assets	252	299	270	276	285	203	166	193	202	209	210	194	194

Financials of Incredible Indus

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	39	27	53	-2	34	42	25	-13	20	10	24	37
Cash from Investing Activity +	-2	-1	-3	-0	1	5	-6	-1	-11	-3	-4	-4
Cash from Financing Activity +	-36	-29	-51	3	-33	-47	-21	14	-9	-7	-13	-22
Net Cash Flow	0	-3	-0	-0	2	-0	-3	0	-0	1	7	11
Free Cash Flow	40	25	49	-3	34	42	19	-14	10	8	18	31
CFO/OP	114%	78%	217%	-5%	134%	244%	216%	-77%	137%	73%	143%	193%

Financials of Incredible Indus

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	64	67	73	86	67	42	28	40	25	14	20	21
Inventory Days	69	129	85	101	84	33	45	28	37	27	25	29
Days Payable	34	75	68	60	44	10	13	7	12	9	9	7
Cash Conversion Cycle	99	121	90	127	107	66	60	61	50	32	36	42
Working Capital Days	49	55	51	57	62	51	55	76	71	51	40	39
ROCE %	15%	18%	13%	11%	12%	9%	4%	7%	7%	7%	9%	10%

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Incredible Indus Share Price & Earnings Call Analysis