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INCRED HOLDINGS LIMITED

  • www.incred.com
  • Sector: Banks/NBFC
  • CHRYSEUM SCORE: 7.00/10.00
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    INCRED HOLDINGS LIMITED

    • Sector: Banks/NBFC
    • CHRYSEUM SCORE: 7.00/10.00

    Description: Incred Finance is a retail focused NBFC that offers Personal Loan, SME Business Loan, and Education Loan.

    Evaluation is basis the latest financial year disclosures filed by the company

    Valuation

    Max Score: 3.50

    P/B of Company

    2.90

    Avg P/B of Key Peers

    3.35

    P/B of Industry

    1.59

    Valuation Score

    1.00

    The Valuation Score depicts if the company is available at a discount when compared to its listed peer & its Industry Average. Higher the discount, more is the score given to the company.

    Growth

    Max Score: 3.50

    Sales Growth

    47.39%

    PAT Growth

    0.00%

    BVPS Growth

    31.45%

    Growth Score

    3.50

    The Growth Score accounts for the growth in Sales, PAT and the BVPS on a 3 year CAGR basis.

    Key Metrics

    Max Score: 1.50

    ROA

    3.54%

    Net NPA

    0.91%

    Capital Adequacy

    34.00%

    Key Metrics Score

    1.00

    The Other Key Metrics takes into consideration the Return on Asset, Net NPA and CAR of the company.ROA & NNPA are compared to the company’s peer averages.

    Management Quality

    Max Score: 1.50

    Board Structure & Composition

    1.00

    Related Party Transactions

    1.00

    Timely Disclosure

    1.00

    Management Score

    1.50

    This score represents a consolidated view of the Company’s Management Quality, which includes Board Structure, Related Party Transactions and Timely disclosures. Each parameter is scored out of 1.

₹155.00 1 (0.65%)

As on 18 Apr, 2025
L 148.00 52 Week Range H 159.00
Company Description : Incred Finance is a retail focused NBFC that offers Personal Loan, SME Business Loan, and Education Loan.
Company Overview
  • Name of Company INCRED HOLDINGS LIMITED
  • Sector Banks/NBFC
  • ISIN INE732W01014
  • Scrip Code InCred
  • CIN U67190MH2011PLC211738
  • Pan No AAECK1977B
  • Face Value 10
  • Price ₹ 155.00
  • No. of Shares outstanding 64.18 Cr.
  • Market Cap ₹ 9,948.17 Cr
Financials
  • Revenue from operations ₹ 1,272.70 Cr.
  • EBITDA ₹ 891.61 Cr.
  • EBITDA Margin % 70.06%
  • Profit After Tax ₹ 310.26 Cr.
  • PAT Margin % 23.94%
  • EPS 4.83
  • Stock P/E 32.09
  • Book Value Per Share 52.77
  • P/B 2.94
  • Debt/Equity 1.48
Other Key Statistics
  • 52 week High/Low 159.00/148.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 47.39%
  • EBITDA Growth - 3 years 52.67%
  • PAT Growth - 3 years NA
  • EPS Growth - 3 years NA
  • ROE 9.16%
  • ROCE 25.23%
  • Cash Equivalents 84.97
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY24
Company Name InCred Holdings Limited Poonawalla Fincorp Limited
Listing Status Unlisted Listed
Revenue from Operations 1,272.70 3,109.01
Total Income 1,296.13 3,147.33
Finance Cost 453.26 950.30
Depreciation & Amortization 18.70 59.31
Total Expenses 876.48 1,829.68
EBITDA 891.61 2,327.26
PAT 310.26 1,683.06
No. of Shares Outstanding 64.18 77.77
EPS (in ₹) 4.83 21.64
Share Capital 641.82 154.11
Total Net Worth 3,386.77 8,167.08
Total Assets 8,767.62 24,086.90
Borrowings 5,017.16 13,616.13
Key Metrics:
CMP* 155.00 384.65
Market Cap (In Cr.) 9,948.17 29,914.23
Market Cap/Sales 7.68 9.50
EPS (Earnings Per Share) 4.83 21.64
BVPS (Book Value Per Share) 52.77 105.01
P/E 32.09 17.77
P/BV 2.94 3.66
EBITDA Margin 70.06% 74.86%
ROE 9.16% 20.61%
ROA 3.54% 6.99%
*Market Price in ₹ as on 18 Apr, 2025

Profit Loss

FY24 FY23 FY22 FY21 FY20
Revenue from operations 1,272.70 865.65 488.03 397.50 757.98
Y-o-Y Revenue Growth 47.02% 77.38% 22.77% -47.56% -18.91%
Other Income 23.43 15.05 36.24 5.02 0.28
Total Income 1,296.13 880.70 524.27 402.52 758.26
Total Expenses (Excludes Interest and Depreciation) 404.52 260.24 250.67 151.95 2,030.75
Operating Profit (After deducting Depreciation) 849.48 592.14 225.08 241.73 -1,275.97
OPM % 66.75 68.40 46.12 60.81 -168.34
EBITDA 891.61 620.46 273.60 250.57 -1,272.49
Depreciation 18.70 13.27 12.28 3.82 3.20
EBIT 872.91 607.19 261.32 246.75 -1,275.69
Interest 453.26 356.02 219.47 228.90 387.71
EBT before Exceptional Items 419.65 251.17 41.85 17.85 -1,663.40
Prior period/Exceptional /Extra Ordinary Items 20.10 60.22 0.00 0.00 0.00
Profit before tax/EBT 399.55 190.95 41.85 17.85 -1,663.40
Tax 90.50 81.90 11.03 176.20 -384.73
Net Profit 310.26 109.05 30.82 -158.35 -1,278.67
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 310.26 109.05 30.82 -158.35 -1,278.67
EPS in Rs 4.83 1.70 0.80 -8.26 -66.08
EPS Change % 184.36% 112.50% -109.69% -87.50% -2,876.47%
EBITDA Change % 43.70% 126.78% 9.19% -119.69% -396.85%
Profit growth 184.51% 253.83% -119.46% -87.62% -2,901.03%
ROCE 25.23% 23.39% 23.03% 16.69% -78.02%
ROE 9.16% 4.28% 2.76% -10.74% -78.31%
Debt / Equity Ratio 1.48 1.52 2.53 0.68 1.14
Sales growth 3Years 47.39%
Sales growth 5Years 6.37%
Dividend per share 0.00

Balance Sheet

FY24 FY23 FY22 FY21 FY20
Share Capital 641.82 595.24 192.76 192.50 191.47
Reserves 2,744.95 1,952.56 922.43 1,282.50 1,441.39
Total shareholders' funds 3,386.77 2,547.80 1,115.19 1,475.00 1,632.86
Borrowings 5,017.16 3,864.37 2,815.89 996.31 1,858.18
Other Liabilities 265.71 246.02 87.09 443.53 1,485.81
Total Liabilities 5,380.85 4,131.01 2,919.45 1,453.52 3,354.68
Fixed Assets 116.77 119.66 48.60 308.12 302.20
Capital WIP 3.36 1.61 0.00 0.00 0.06
Investments 612.67 70.34 81.20 13.69 806.21
Other Assets 153.55 213.77 66.15 171.78 181.49
Total Assets 8,767.62 6,678.80 4,034.65 2,928.52 4,987.54
Cash Equivalents 84.97 392.68 84.97 750.05 661.92
Total Current liability 5,308.25 4,082.73 2,899.74 1,450.23 3,352.56
Total Assets -Total Current liabilty 3,459.37 2,596.07 1,134.91 1,478.29 1,634.98

Cash Flow

FY24 FY23 FY22 FY21 FY20
Net Cash from / (used in) Operating Activity -1,372.55 -726.04 -1,122.44 2,214.03 1,492.81
Net Cash from / (used in) Investing Activity -539.74 393.58 13.22 -0.39 -3.25
Net Cash from / (used in) Financing Activity 1,597.39 622.13 1,149.70 -2,125.51 -1,074.09
Net Inc/Dec In Cash And Cash Equivalents -314.90 301.71 40.48 88.14 415.47

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 12.14 18.92%
Non Promoters 52.04 81.08%

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