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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Incredible Industries Limited is an India-based company, which is engaged in the manufacturing and sale of iron and steel related rolled products. The Company is primarily engaged in manufacturing rolled products, mainly thermo mechanically treated bars (TMT) bars, rounds and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, fast-growing business, trading cheap versus its own history.
Incredible Industries is scored on the commodity / cyclical framework. It keeps a thin 1.4% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 0.84×). Free cash flow is worth about -18.2% of its market value.
Over the last 3 years revenue compounded at 4%/yr and profit at 33%/yr. Book value has grown 8%/yr. Return on equity is a weak 7.3%. In the latest quarter profit fell 12% versus the prior quarter.
At 12× earnings, the stock sits at the 3rd percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price asks for only ~2%/yr growth over a decade — undemanding expectations. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 12.42 | 20.39 | better |
| P/B | 0.93 | 2.07 | better |
| EV/EBITDA | 6.57 | 10.9 | better |
| ROE | 7.33 | 18.07 | worse |
| ROCE | 9.82 | 9.84 | worse |
| ROA | 5.31 | 3.5 | better |
| Quick Ratio | 2.2 | 3.33 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| JSW Steel | 10.5 | 2.9 | 11.9% |
| Tata Steel | 20.6 | 2.3 | 10.6% |
| Jindal Steel & Power | 41.5 | 2.3 | 6.2% |
4% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (33% vs 4%) — margin expansion is at work.
Operating margins have been stable around 2% — no major structural shift.
ROE at 7% — modest; the capital isn't working hard. Low variance across years — a predictable business that earns steadily on its equity base.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 34% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Investing outflows exceed operating cash — the company relies on external funding to finance expansion. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating.
Profit fell 12% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 75.0% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.