INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) - Net Assets

Latest as of September 2025: Rs1.51 Billion INR ≈ $16.28 Million USD

Based on the latest financial reports, INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) has net assets worth Rs1.51 Billion INR (≈ $16.28 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs1.94 Billion ≈ $21.02 Million USD) and total liabilities (Rs437.98 Million ≈ $4.74 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.51 Billion
% of Total Assets	77.46%
Annual Growth Rate	4.52%
5-Year Change	22.97%
10-Year Change	41.44%
Growth Volatility	3.01

INCREDIBLE INDUSTRIES LIMITED - Net Assets Trend (2013–2025)

This chart illustrates how INCREDIBLE INDUSTRIES LIMITED's net assets have evolved over time, based on quarterly financial data. Also explore INCREDIBLE INDUSTRIES LIMITED assets under control for the complete picture of this company's asset base.

Annual Net Assets for INCREDIBLE INDUSTRIES LIMITED (2013–2025)

The table below shows the annual net assets of INCREDIBLE INDUSTRIES LIMITED from 2013 to 2025. For live valuation and market cap data, see INCREDIBLE INDUSTRIES LIMITED market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs1.45 Billion ≈ $15.71 Million	+9.53%
2024-03-31	Rs1.33 Billion ≈ $14.34 Million	+4.72%
2023-03-31	Rs1.27 Billion ≈ $13.69 Million	+4.03%
2022-03-31	Rs1.22 Billion ≈ $13.16 Million	+3.05%
2021-03-31	Rs1.18 Billion ≈ $12.77 Million	+3.19%
2020-03-31	Rs1.14 Billion ≈ $12.38 Million	+0.73%
2019-03-31	Rs1.14 Billion ≈ $12.29 Million	+3.46%
2018-03-31	Rs1.10 Billion ≈ $11.88 Million	+4.61%
2017-03-31	Rs1.05 Billion ≈ $11.35 Million	+2.24%
2016-03-31	Rs1.03 Billion ≈ $11.11 Million	+2.26%
2015-03-31	Rs1.00 Billion ≈ $10.86 Million	+11.83%
2014-03-31	Rs898.00 Million ≈ $9.71 Million	+5.09%
2013-03-31	Rs854.50 Million ≈ $9.24 Million	--

Equity Component Analysis

This analysis shows how different components contribute to INCREDIBLE INDUSTRIES LIMITED's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 153.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs982.31 Million	67.63%
Common Stock	Rs467.64 Million	32.20%
Other Comprehensive Income	Rs2.56 Million	0.18%
Total Equity	Rs1.45 Billion	100.00%

INCREDIBLE INDUSTRIES LIMITED Competitors by Market Cap

The table below lists competitors of INCREDIBLE INDUSTRIES LIMITED ranked by their market capitalization.

Company	Market Cap
Vichitbhan Palmoil Public Company Limited BK:VPO	$17.29 Million
Pinehill Pacific Bhd KLSE:1902	$17.30 Million
SILVER DOLLAR RES F:4YW	$17.31 Million
Vizione Holdings Bhd KLSE:7070	$17.33 Million
Blue Sky Uranium Corp V:BSK	$17.28 Million
Nosa Med AB ST:NOSA	$17.28 Million
Intelligent Protection Management Corp NASDAQ:IPM	$17.26 Million
Rectitude Holdings Ltd Ordinary Shares NASDAQ:RECT	$17.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in INCREDIBLE INDUSTRIES LIMITED's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,326,063,000 to 1,452,503,000, a change of 126,440,000 (9.5%).
Net income of 124,872,000 contributed positively to equity growth.
Other comprehensive income increased equity by 1,568,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs124.87 Million	+8.6%
Other Comprehensive Income	Rs1.57 Million	+0.11%
Other Changes	Rs-999.00	-0.0%
Total Change	Rs-	9.53%

Book Value vs Market Value Analysis

This analysis compares INCREDIBLE INDUSTRIES LIMITED's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.09x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 1.87x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-03-31	Rs18.27	Rs34.17	x
2014-03-31	Rs19.20	Rs34.17	x
2015-03-31	Rs21.47	Rs34.17	x
2016-03-31	Rs21.96	Rs34.17	x
2017-03-31	Rs22.45	Rs34.17	x
2018-03-31	Rs23.49	Rs34.17	x
2019-03-31	Rs24.30	Rs34.17	x
2020-03-31	Rs24.48	Rs34.17	x
2021-03-31	Rs25.26	Rs34.17	x
2022-03-31	Rs26.03	Rs34.17	x
2023-03-31	Rs27.08	Rs34.17	x
2024-03-31	Rs28.36	Rs34.17	x
2025-03-31	Rs31.21	Rs34.17	x

Capital Efficiency Dashboard

This dashboard shows how efficiently INCREDIBLE INDUSTRIES LIMITED utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.60%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.65%
• Asset Turnover: 3.90x
• Equity Multiplier: 1.34x
Recent ROE (8.60%) is above the historical average (4.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	4.48%	0.92%	1.61x	3.00x	Rs-47.21 Million
2014	4.84%	0.99%	1.75x	2.81x	Rs-46.30 Million
2015	10.72%	2.62%	1.37x	2.98x	Rs7.24 Million
2016	2.21%	0.55%	1.52x	2.63x	Rs-79.95 Million
2017	2.19%	0.61%	1.36x	2.63x	Rs-81.97 Million
2018	4.43%	1.01%	1.69x	2.60x	Rs-61.23 Million
2019	3.36%	0.57%	3.30x	1.79x	Rs-75.49 Million
2020	0.88%	0.20%	3.01x	1.45x	Rs-104.39 Million
2021	3.07%	0.74%	2.55x	1.64x	Rs-81.86 Million
2022	2.93%	0.66%	2.66x	1.66x	Rs-86.11 Million
2023	3.88%	0.66%	3.54x	1.65x	Rs-77.56 Million
2024	4.50%	0.73%	3.90x	1.58x	Rs-72.93 Million
2025	8.60%	1.65%	3.90x	1.34x	Rs-20.38 Million

Industry Comparison

This section compares INCREDIBLE INDUSTRIES LIMITED's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $56,981,137
Average return on equity (ROE) among peers: 11.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE)	Rs1.51 Billion	4.48%	0.29x	$17.28 Million
Ankit Metal & Power Limited (ANKITMETAL)	$4.99 Billion	10.25%	2.32x	$2.44 Million
APL Apollo Tubes Limited (APLAPOLLO)	$155.16 Million	43.49%	4.18x	$5.72 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$501.93 Million
Bedmutha Industries Limited (BEDMUTHA)	$-1.62 Billion	0.00%	0.00x	$38.63 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$222.58 Million	9.47%	2.22x	$164.68 Million
Electrotherm (India) Limited (ELECTHERM)	$-10.96 Billion	0.00%	0.00x	$111.23 Million
Grand Foundry Limited (GFSTEELS)	$-32.83 Million	0.00%	0.00x	$4.07 Million
Goodluck India Limited (GOODLUCK)	$978.14 Million	20.56%	2.88x	$451.00 Million
Godawari Power And Ispat limited (GPIL)	$2.07 Billion	26.10%	1.64x	$2.08 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$152.16 Million	-10.33%	2.30x	$111.44 Million

About INCREDIBLE INDUSTRIES LIMITED

NSE:INCREDIBLE India Steel

Market Cap

$17.28 Million

Rs1.60 Billion INR

Market Cap Rank

#25465 Global

#1418 in India

Share Price

Rs34.17

Change (1 day)

+1.42%

52-Week Range

Rs28.58 - Rs47.02

All Time High

Rs177.65