INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) - Net Assets

Latest as of March 2026: Rs1.57 Billion INR ≈ $16.99 Million USD

Based on the latest financial reports, INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE) has net assets worth Rs1.57 Billion INR (≈ $16.99 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs2.21 Billion ≈ $23.95 Million USD) and total liabilities (Rs643.54 Million ≈ $6.96 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 strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs1.57 Billion
% of Total Assets	70.94%
Annual Growth Rate	4.8%
5-Year Change	29.07%
10-Year Change	49.64%
Growth Volatility	3.05

INCREDIBLE INDUSTRIES LIMITED - Net Assets Trend (2013–2026)

This chart illustrates how INCREDIBLE INDUSTRIES LIMITED's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is INCREDIBLE INDUSTRIES LIMITED worth.

Annual Net Assets for INCREDIBLE INDUSTRIES LIMITED (2013–2026)

The table below shows the annual net assets of INCREDIBLE INDUSTRIES LIMITED from 2013 to 2026. Also explore INCREDIBLE shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs1.57 Billion ≈ $16.99 Million	+8.17%
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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs467.64 Million	29.76%
Other Components	Rs1.10 Billion	70.24%
Total Equity	Rs1.57 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
Obiz Concept SAS PA:ALBIZ	$16.38 Million
Ark Mines Ltd AU:AHK	$16.38 Million
MyTech Group Bhd KLSE:7692	$16.38 Million
Metalliance SA PA:MLETA	$16.39 Million
Maming Enam Sembilan Mineral Tbk PT JK:AKSI	$16.37 Million
Sadot Group Inc. NASDAQ:SDOT	$16.35 Million
Games Operators SA WAR:GOP	$16.35 Million
Interwood-Xylemporia A.T.E.N.E. AT:XYLEK	$16.34 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 2025 to 2026, total equity changed from 1,452,503,000 to 1,571,168,000, a change of 118,665,000 (8.2%).
Net income of 115,164,000 contributed positively to equity growth.
Other comprehensive income decreased equity by 2,558,999.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs115.16 Million	+7.33%
Other Comprehensive Income	Rs-2.56 Million	-0.16%
Other Changes	Rs6.06 Million	+0.39%
Total Change	Rs-	8.17%

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: 0.93x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.77x to 0.93x 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	Rs32.37	x
2014-03-31	Rs19.20	Rs32.37	x
2015-03-31	Rs21.47	Rs32.37	x
2016-03-31	Rs21.96	Rs32.37	x
2017-03-31	Rs22.45	Rs32.37	x
2018-03-31	Rs23.49	Rs32.37	x
2019-03-31	Rs24.30	Rs32.37	x
2020-03-31	Rs24.48	Rs32.37	x
2021-03-31	Rs25.26	Rs32.37	x
2022-03-31	Rs26.03	Rs32.37	x
2023-03-31	Rs27.08	Rs32.37	x
2024-03-31	Rs28.36	Rs32.37	x
2025-03-31	Rs31.21	Rs32.37	x
2026-03-31	Rs34.65	Rs32.37	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): 7.33%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.37%
• Asset Turnover: 3.79x
• Equity Multiplier: 1.41x
Recent ROE (7.33%) is above the historical average (4.53%), 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
2026	7.33%	1.37%	3.79x	1.41x	Rs-41.95 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: $2,232,802,929
Average return on equity (ROE) among peers: 10.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
INCREDIBLE INDUSTRIES LIMITED (INCREDIBLE)	Rs1.57 Billion	4.48%	0.41x	$16.37 Million
Ankit Metal & Power Limited (ANKITMETAL)	$-100.86 Million	0.00%	0.00x	$2.64 Million
APL Apollo Tubes Limited (APLAPOLLO)	$3.68 Billion	18.67%	1.71x	$6.82 Billion
Bansal Wire Industries Ltd (BANSALWIRE)	$4.61 Billion	15.96%	1.74x	$525.87 Million
Bedmutha Industries Limited (BEDMUTHA)	$-209.12 Million	0.00%	0.00x	$36.55 Million
Bharat Wire Ropes Limited (BHARATWIRE)	$676.44 Million	2.18%	1.17x	$128.43 Million
Electrotherm (India) Limited (ELECTHERM)	$587.16 Million	32.01%	5.36x	$127.54 Million
Grand Foundry Limited (GFSTEELS)	$-64.92 Million	0.00%	0.00x	$8.37 Million
Goodluck India Limited (GOODLUCK)	$2.10 Billion	15.61%	2.20x	$185.93 Million
Godawari Power And Ispat limited (GPIL)	$4.56 Billion	13.49%	0.95x	$1.64 Billion
Hariom Pipe Industries Limited (HARIOMPIPE)	$6.49 Billion	11.66%	0.88x	$121.54 Million

About INCREDIBLE INDUSTRIES LIMITED

NSE:INCREDIBLE India Steel

Market Cap

$16.37 Million

Rs1.51 Billion INR

Market Cap Rank

#25825 Global

#1424 in India

Share Price

Rs32.37

Change (1 day)

-2.82%

52-Week Range

Rs28.58 - Rs46.98

All Time High

Rs177.65