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INCRED HOLDINGS LIMITED

  • www.incred.com
  • Sector: Banks/NBFC/Payments
  • CHRYSEUM SCORE: 7.50/10.00
    ×

    INCRED HOLDINGS LIMITED

    • Sector: Banks/NBFC/Payments
    • CHRYSEUM SCORE: 7.50/10.00

    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

    2.67

    Avg P/B of Key Peers

    4.42

    P/B of Industry

    1.76

    Valuation Score

    1.50

    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

    56.58%

    PAT Growth

    123.30%

    BVPS Growth

    50.58%

    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

    2.00

    Net NPA

    2.00

    Capital Adequacy

    2.00

    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.

₹144.00 0.00 (0.00%)

As on 12 May, 2026
L 142.00 52 Week Range H 174.00
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/Payments
  • ISIN INE732W01014
  • Scrip Code InCred
  • CIN U67190MH2011PLC211738
  • Pan No AAECK1977B
  • Face Value 10
  • Price ₹ 144.00
  • No. of Shares outstanding 64.75 Cr.
  • Market Cap ₹ 9,324.25 Cr
Financials
  • Revenue from operations ₹ 1,873.62 Cr.
  • EBITDA ₹ 1,152.89 Cr.
  • EBITDA Margin % 61.53%
  • Profit After Tax ₹ 343.14 Cr.
  • PAT Margin % 18.12%
  • EPS 5.30
  • Stock P/E 27.17
  • Book Value Per Share 58.74
  • P/B 2.45
  • Debt/Equity 1.73
Other Key Statistics
  • 52 week High/Low 174.00/142.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 56.58%
  • EBITDA Growth - 3 years 61.52%
  • PAT Growth - 3 years 123.30%
  • EPS Growth - 3 years 87.81%
  • ROE 9.02%
  • ROCE 29.65%
  • Cash Equivalents 841.71
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name InCred Holdings Limited Poonawalla Fincorp Limited
Listing Status Unlisted Listed
Revenue from Operations 1,873.62 4,189.76
Total Income 1,893.77 4,222.84
Finance Cost 627.16 1,515.08
Depreciation & Amortization 18.32 65.10
Total Expenses 1,386.36 4,358.24
EBITDA 1,152.89 1,444.78
PAT 343.14 -98.34
No. of Shares Outstanding 64.75 77.89
EPS (in ₹) 5.30 -1.26
Share Capital 647.51 154.11
Total Net Worth 3,803.26 8,174.66
Total Assets 12,500.52 35,029.94
Borrowings 6,582.51 23,978.97
Key Metrics:
CMP* 144.00 464.00
Market Cap (In Cr.) 9,324.25 36,141.85
Market Cap/Sales 4.92 8.56
EPS (Earnings Per Share) 5.30 -1.26
BVPS (Book Value Per Share) 58.74 104.95
P/E 27.17 -367.52
P/BV 2.45 4.42
EBITDA Margin 61.53% 34.48%
ROE 9.02% -1.20%
ROA 2.75% -0.28%
*Market Price in ₹ as on 12 May, 2026

Profit Loss

FY25 FY24 FY23 FY22 FY21
Revenue from operations 1,873.62 1,272.70 865.65 488.03 397.50
Y-o-Y Revenue Growth 47.22% 47.02% 77.38% 22.77% -47.56%
Other Income 20.14 23.43 15.05 36.24 5.02
Total Income 1,893.77 1,296.13 880.70 524.27 402.52
Total Expenses (Excludes Interest and Depreciation) 740.88 404.52 260.24 250.67 151.95
Operating Profit (After deducting Depreciation) 1,114.42 849.48 592.14 225.08 241.73
OPM % 59.48 66.75 68.40 46.12 60.81
EBITDA 1,152.89 891.61 620.46 273.60 250.57
Depreciation 18.32 18.70 13.27 12.28 3.82
EBIT 1,134.57 872.91 607.19 261.32 246.75
Interest 627.16 453.26 356.02 219.47 228.90
EBT before Exceptional Items 507.41 419.65 251.17 41.85 17.85
Prior period/Exceptional /Extra Ordinary Items 0.00 20.10 60.22 0.00 0.00
Profit before tax/EBT 507.41 399.55 190.95 41.85 17.85
Tax 134.25 90.50 81.90 11.03 176.20
Net Profit 343.14 310.26 109.05 30.82 -158.35
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 343.14 310.26 109.05 30.82 -158.35
EPS in Rs 5.30 4.79 1.70 0.80 -8.26
EPS Change % 10.60% 181.85% 112.50% -109.69% -87.50%
EBITDA Change % 29.30% 43.70% 126.78% 9.19% -119.69%
Profit growth 10.60% 184.51% 253.83% -119.46% -87.62%
ROCE 29.65% 25.23% 23.39% 23.03% 16.69%
ROE 9.02% 9.16% 4.28% 2.76% -10.74%
Debt / Equity Ratio 1.73 1.20 1.52 2.53 0.68
Sales growth 3Years 56.58%
Sales growth 5Years 19.84%
Dividend per share 0.00 0.00

Balance Sheet

FY25 FY24 FY23 FY22 FY21
Share Capital 647.51 641.82 595.24 192.76 192.50
Reserves 3,155.74 2,744.95 1,952.56 922.43 1,282.50
Total shareholders' funds 3,803.26 3,386.77 2,547.80 1,115.19 1,475.00
Borrowings 6,582.51 4,047.26 3,864.37 2,815.89 996.31
Other Liabilities 301.96 265.71 246.02 87.09 443.53
Total Liabilities 8,697.25 5,380.85 4,131.01 2,919.45 1,453.52
Fixed Assets 55.06 116.77 119.66 48.60 308.12
Capital WIP 2.30 3.36 1.61 0.00 0.00
Investments 515.12 612.67 70.34 81.20 13.69
Other Assets 202.01 153.55 213.77 66.15 171.78
Total Assets 12,500.52 8,767.62 6,678.80 4,034.65 2,928.52
Cash Equivalents 841.71 84.97 392.68 84.97 750.05
Total Current liability 8,674.07 5,308.25 4,082.73 2,899.74 1,450.23
Total Assets -Total Current liabilty 3,826.45 3,459.37 2,596.07 1,134.91 1,478.29

Cash Flow

FY25 FY24 FY23 FY22 FY21
Net Cash from / (used in) Operating Activity -2,815.74 -1,372.55 -726.04 -1,122.44 2,214.03
Net Cash from / (used in) Investing Activity 23.13 -539.74 393.58 13.22 -0.39
Net Cash from / (used in) Financing Activity 3,447.27 1,597.39 622.13 1,149.70 -2,125.51
Net Inc/Dec In Cash And Cash Equivalents 654.66 -314.90 301.71 40.48 88.14

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 12.85 19.84%
Non Promoters 51.91 80.16%

News

INCRED HOLDINGS LIMITED

  • www.incred.com
  • Sector: Banks/NBFC/Payments
  • CHRYSEUM SCORE: 7.50/10.00
    ×

    INCRED HOLDINGS LIMITED

    • Sector: Banks/NBFC/Payments
    • CHRYSEUM SCORE: 7.50/10.00

    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

    2.67

    Avg P/B of Key Peers

    4.42

    P/B of Industry

    1.76

    Valuation Score

    1.50

    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

    56.58%

    PAT Growth

    123.30%

    BVPS Growth

    50.58%

    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

    2.00

    Net NPA

    2.00

    Capital Adequacy

    2.00

    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.

₹144.00 0.00 (0.00%)

As on 12 May, 2026
L 142.00 52 Week Range H 174.00
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/Payments
  • ISIN INE732W01014
  • Scrip Code InCred
  • CIN U67190MH2011PLC211738
  • Pan No AAECK1977B
  • Face Value 10
  • Price ₹ 144.00
  • No. of Shares outstanding 64.75 Cr.
  • Market Cap ₹ 9,324.25 Cr
Financials
  • Revenue from operations ₹ 1,873.62 Cr.
  • EBITDA ₹ 1,152.89 Cr.
  • EBITDA Margin % 61.53%
  • Profit After Tax ₹ 343.14 Cr.
  • PAT Margin % 18.12%
  • EPS 5.30
  • Stock P/E 27.17
  • Book Value Per Share 58.74
  • P/B 2.45
  • Debt/Equity 1.73
Other Key Statistics
  • 52 week High/Low 174.00/142.00
  • Dividend Per Share 0.00
  • Dividend Yield 0.00%
  • Sales Growth - 3 years 56.58%
  • EBITDA Growth - 3 years 61.52%
  • PAT Growth - 3 years 123.30%
  • EPS Growth - 3 years 87.81%
  • ROE 9.02%
  • ROCE 29.65%
  • Cash Equivalents 841.71
All figures below are in INR Crores unless otherwise stated

Peer Comparison

Key Financials - FY25
Company Name InCred Holdings Limited Poonawalla Fincorp Limited
Listing Status Unlisted Listed
Revenue from Operations 1,873.62 4,189.76
Total Income 1,893.77 4,222.84
Finance Cost 627.16 1,515.08
Depreciation & Amortization 18.32 65.10
Total Expenses 1,386.36 4,358.24
EBITDA 1,152.89 1,444.78
PAT 343.14 -98.34
No. of Shares Outstanding 64.75 77.89
EPS (in ₹) 5.30 -1.26
Share Capital 647.51 154.11
Total Net Worth 3,803.26 8,174.66
Total Assets 12,500.52 35,029.94
Borrowings 6,582.51 23,978.97
Key Metrics:
CMP* 144.00 464.00
Market Cap (In Cr.) 9,324.25 36,141.85
Market Cap/Sales 4.92 8.56
EPS (Earnings Per Share) 5.30 -1.26
BVPS (Book Value Per Share) 58.74 104.95
P/E 27.17 -367.52
P/BV 2.45 4.42
EBITDA Margin 61.53% 34.48%
ROE 9.02% -1.20%
ROA 2.75% -0.28%
*Market Price in ₹ as on 12 May, 2026

Profit Loss

FY25 FY24 FY23 FY22 FY21
Revenue from operations 1,873.62 1,272.70 865.65 488.03 397.50
Y-o-Y Revenue Growth 47.22% 47.02% 77.38% 22.77% -47.56%
Other Income 20.14 23.43 15.05 36.24 5.02
Total Income 1,893.77 1,296.13 880.70 524.27 402.52
Total Expenses (Excludes Interest and Depreciation) 740.88 404.52 260.24 250.67 151.95
Operating Profit (After deducting Depreciation) 1,114.42 849.48 592.14 225.08 241.73
OPM % 59.48 66.75 68.40 46.12 60.81
EBITDA 1,152.89 891.61 620.46 273.60 250.57
Depreciation 18.32 18.70 13.27 12.28 3.82
EBIT 1,134.57 872.91 607.19 261.32 246.75
Interest 627.16 453.26 356.02 219.47 228.90
EBT before Exceptional Items 507.41 419.65 251.17 41.85 17.85
Prior period/Exceptional /Extra Ordinary Items 0.00 20.10 60.22 0.00 0.00
Profit before tax/EBT 507.41 399.55 190.95 41.85 17.85
Tax 134.25 90.50 81.90 11.03 176.20
Net Profit 343.14 310.26 109.05 30.82 -158.35
Profit (loss) of minority interest 0.00 0.00 0.00 0.00 0.00
Total profit (loss) for period 343.14 310.26 109.05 30.82 -158.35
EPS in Rs 5.30 4.79 1.70 0.80 -8.26
EPS Change % 10.60% 181.85% 112.50% -109.69% -87.50%
EBITDA Change % 29.30% 43.70% 126.78% 9.19% -119.69%
Profit growth 10.60% 184.51% 253.83% -119.46% -87.62%
ROCE 29.65% 25.23% 23.39% 23.03% 16.69%
ROE 9.02% 9.16% 4.28% 2.76% -10.74%
Debt / Equity Ratio 1.73 1.20 1.52 2.53 0.68
Sales growth 3Years 56.58%
Sales growth 5Years 19.84%
Dividend per share 0.00 0.00

Balance Sheet

FY25 FY24 FY23 FY22 FY21
Share Capital 647.51 641.82 595.24 192.76 192.50
Reserves 3,155.74 2,744.95 1,952.56 922.43 1,282.50
Total shareholders' funds 3,803.26 3,386.77 2,547.80 1,115.19 1,475.00
Borrowings 6,582.51 4,047.26 3,864.37 2,815.89 996.31
Other Liabilities 301.96 265.71 246.02 87.09 443.53
Total Liabilities 8,697.25 5,380.85 4,131.01 2,919.45 1,453.52
Fixed Assets 55.06 116.77 119.66 48.60 308.12
Capital WIP 2.30 3.36 1.61 0.00 0.00
Investments 515.12 612.67 70.34 81.20 13.69
Other Assets 202.01 153.55 213.77 66.15 171.78
Total Assets 12,500.52 8,767.62 6,678.80 4,034.65 2,928.52
Cash Equivalents 841.71 84.97 392.68 84.97 750.05
Total Current liability 8,674.07 5,308.25 4,082.73 2,899.74 1,450.23
Total Assets -Total Current liabilty 3,826.45 3,459.37 2,596.07 1,134.91 1,478.29

Cash Flow

FY25 FY24 FY23 FY22 FY21
Net Cash from / (used in) Operating Activity -2,815.74 -1,372.55 -726.04 -1,122.44 2,214.03
Net Cash from / (used in) Investing Activity 23.13 -539.74 393.58 13.22 -0.39
Net Cash from / (used in) Financing Activity 3,447.27 1,597.39 622.13 1,149.70 -2,125.51
Net Inc/Dec In Cash And Cash Equivalents 654.66 -314.90 301.71 40.48 88.14

Share Holding Pattern

No. of Shares in Crs. % Holding
Promoters 12.85 19.84%
Non Promoters 51.91 80.16%

News

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