Incap Ltd
Incap Ltd (INCAP) last reported results for the quarter ended Jun 2026, with sales of ₹5.42 crore and net profit of ₹0.11 crore. The stock last traded at ₹71, a market capitalisation of ₹36.4 crore, on a P/E of 114. Over the past 52 weeks the stock has ranged between ₹64 and ₹122. Figures are as of 9 Oct 2026 and are not real time.
Incap Ltd share price and key metrics
- Current price
- ₹71
- Market cap
- ₹36.4 cr
- Stock P/E
- 114
- Book value
- ₹31.5
- ROE
- 2.11%
- ROCE
- 4.68%
- Dividend yield
- 1.41%
- 52w high / low
- 122/64.0
Metrics as of 9 Oct 2026. Not real time.
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Incap Ltd growth and returns
- 10 Years
- 1%
- 5 Years
- 9%
- 3 Years
- 15%
- TTM
- -30%
- 10 Years
- -14%
- 5 Years
- -8%
- 3 Years
- -18%
- TTM
- -71%
- 10 Years
- 10%
- 5 Years
- 23%
- 3 Years
- 21%
- 1 Year
- -39%
- 10 Years
- 7%
- 5 Years
- 4%
- 3 Years
- 4%
- Last Year
- 2%
Incap Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹5.42 cr, down 45.6% from ₹9.97 cr a year earlier. Net profit was ₹0.11 cr, down 63.3% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7.09 | 16.89 | 4.94 | 9.97 | 6.23 | 7.28 | 8.19 | 5.42 |
| Expenses | 6.48 | 16.42 | 4.67 | 9.46 | 5.73 | 7.1 | 8.16 | 5.15 |
| Operating profit | 0.61 | 0.47 | 0.27 | 0.51 | 0.5 | 0.18 | 0.03 | 0.27 |
| OPM % | 8.60% | 2.78% | 5.47% | 5.12% | 8.03% | 2.47% | 0.37% | 4.98% |
| Other income | 0 | 0 | 0.19 | 0 | 0.03 | 0.13 | -0.03 | 0 |
| Interest | 0.07 | 0.18 | 0.18 | 0.13 | 0.14 | 0.05 | 0.02 | 0.07 |
| Depreciation | 0.09 | 0.09 | 0.11 | 0.08 | 0.17 | 0.13 | 0.13 | 0.09 |
| Profit before tax | 0.45 | 0.2 | 0.17 | 0.3 | 0.22 | 0.13 | -0.15 | 0.11 |
| Tax % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Net profit | 0.45 | 0.2 | 0.17 | 0.3 | 0.22 | 0.14 | -0.15 | 0.11 |
| EPS (₹) | 0.88 | 0.39 | 0.33 | 0.58 | 0.43 | 0.27 | -0.29 | 0.21 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Incap Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28.57 | 28.37 | 20.58 | 38.33 | 20.91 | 23.16 | 21.06 | 19.36 | 33.58 | 31.67 | 27.12 |
| Operating profit | 3.91 | 3.36 | 1.16 | 0.72 | 0.11 | 0.62 | 0.47 | 0.62 | 1.73 | 1.26 | 0.98 |
| OPM % | 13.69% | 11.84% | 5.64% | 1.88% | 0.53% | 2.68% | 2.23% | 3.20% | 5.15% | 3.98% | 3.61% |
| Net profit | 2.36 | 2.85 | 0.97 | 0.44 | 0.58 | 0.8 | 0.66 | 0.67 | 0.8 | 0.34 | 0.32 |
| EPS (₹) | 4.60 | 5.55 | 1.89 | 0.86 | 1.13 | 1.56 | 1.29 | 1.31 | 1.56 | 0.66 | 0.62 |
TTM is the trailing twelve months to the most recent quarter.
Incap Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 | 5.13 |
| Reserves | 7.42 | 9.65 | 9.98 | 10.22 | 10.35 | 10.69 | 10.84 | 10.94 | 11.11 | 10.92 |
| Borrowings | 0.15 | 0.41 | 0.88 | 0.68 | 1.83 | 1.88 | 1.19 | 2.75 | 5.39 | 0.82 |
| Other liabilities | 6.52 | 7.20 | 8.58 | 19.37 | 19.04 | 11.64 | 10.93 | 8.61 | 8.31 | 10.76 |
| Total liabilities | 19.22 | 22.39 | 24.57 | 35.40 | 36.35 | 29.34 | 28.09 | 27.43 | 29.94 | 27.63 |
| Fixed assets | 4.28 | 4.47 | 4.95 | 4.65 | 4.19 | 3.49 | 3.67 | 3.43 | 7.33 | 6.84 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.21 | 2.21 | 2.57 | 2.57 |
| Other assets | 14.94 | 17.92 | 17.62 | 28.75 | 30.16 | 23.85 | 22.21 | 21.79 | 20.04 | 18.22 |
| Total assets | 19.22 | 22.39 | 24.57 | 35.40 | 36.35 | 29.34 | 28.09 | 27.43 | 29.94 | 27.63 |
As reported by the company. Total assets equal total liabilities by construction.
Incap Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 5.30 | 3.62 | -1.76 | 10.81 | 2.84 | -3.83 | -1.04 | -6.06 | -2.11 | 5.11 |
| Cash from investing | 1.26 | 0.09 | -2.42 | 0.71 | 0.86 | 1.43 | 0.23 | 0.67 | -4.63 | -0.01 |
| Cash from financing | -2.41 | -0.50 | -0.47 | -0.70 | 0.49 | -0.63 | -1.38 | 0.87 | 1.67 | -4.76 |
| Net cash flow | 4.16 | 3.21 | -4.65 | 10.82 | 4.19 | -3.02 | -2.19 | -4.52 | -5.07 | 0.35 |
| Free cash flow | 6.31 | 3.05 | -2.69 | 10.66 | 2.82 | -3.40 | -1.54 | -6.19 | -6.39 | 5.09 |
| CFO / operating profit | 161% | 141% | -136% | 1,522% | 2,745% | -568% | -172% | -937% | -106% | 417% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Incap Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 31.27% | 28.97% | 11.29% | 7.18% | 4.62% | 6.80% | 5.91% | 6.17% | 7.61% | 4.68% |
| Debtor days | 79.98 | 80.41 | 88.32 | 67.99 | 129.87 | 81.01 | 107.80 | 184.95 | 154.35 | 85.75 |
| Inventory days | 71.58 | 63.81 | 95.52 | 53.05 | 76.45 | 67.45 | 60.93 | 81.02 | 31.06 | 87.83 |
| Days payable | 105.71 | 129.56 | 192.49 | 640.07 | 602.23 | 290.83 | 275.87 | 195.91 | 86.54 | 81.14 |
| Cash conversion cycle | 45.85 | 14.66 | -8.64 | -519.03 | -395.92 | -142.37 | -107.14 | 70.06 | 98.87 | 92.44 |
| Working capital days | 39.09 | 26.50 | 1.60 | -85.80 | -132.49 | -55.47 | -33.10 | 53.17 | 45.33 | 50.48 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Incap Ltd shareholding pattern
Promoters held 66.91% at Jun 2026, broadly unchanged since Jun 2025.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 66.91% | 66.91% | 66.91% | 66.91% | 66.91% | 66.91% | 66.91% | 66.91% |
| Public | 33.08% | 33.08% | 33.08% | 33.08% | 33.09% | 33.09% | 33.10% | 33.10% |
| No. of shareholders | 3,440 | 3,481 | 3,480 | 3,346 | 3,450 | 3,375 | 3,333 | 3,260 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Incap Ltd corporate filings
- Incap Limited Announces Successful Conclusion of 36th Annual General Meeting and Approval of All ResolutionsAGM/EGMlow impact
Cruxal's analysis: Incap Limited has successfully concluded its 36th Annual General Meeting held on 26th…
Read the full analysis - Incap Limited concludes 36th AGM; approves managerial re-appointments and secretarial auditAGM/EGMlow impact
Cruxal's analysis: Incap Limited has formally concluded its 36th Annual General Meeting, where shareholders…
Read the full analysis - Incap Ltd schedules 36th Annual General Meeting for September 26, 2026Otherslow impact
Cruxal's analysis: Incap Ltd has announced that its 36th Annual General Meeting (AGM) will be held on…
Read the full analysis - Incap Limited fixes September 18, 2026, as the record date for the 2025-2026 dividendCompany Updatelow impact
Cruxal's analysis: Incap Limited has formally notified the Bombay Stock Exchange that it has set September…
Read the full analysis - Incap Limited announces AGM date and book closure for dividend payment for FY 2025-2026Corp. Actionlow impact
Cruxal's analysis: Incap Limited has formally notified the Bombay Stock Exchange regarding the scheduling of…
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