INCREDIBLE INDUSTRIES balance sheet

As of Mar 2026

Total assets: ₹221cr+14.1% on Mar 2025
Shareholders' equity: ₹157cr+8.2% on Mar 2025
Total debt: ₹33.0cr+69.1% on Mar 2025
Cash and investments: ₹0.1cr−99.5% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	26.2	32.3	37.7	43.2
	35.3	11.4	5.3	0.2
	0.4	0.4	0.6	0.6
	0.4	0.4	0.6	0.6
	15.5	6.3	0.0	—
	77.5	50.4	43.6	44.0
	50.8	54.6	52.4	51.4
	32.0	42.4	44.0	27.3
	0.1	18.2	7.6	0.7
	16.2	2.1	3.2	2.4
	0.3	0.3	7.7	7.7
	48.5	62.9	62.5	38.0
	44.6	26.1	51.5	75.9
	144	144	166	165
	221	194	210	209
Equity
	46.8	46.8	46.8	46.8
	110	98.5	85.8	79.9
	157	145	133	127
	157	145	133	127
Liabilities
	13.5	0.0	3.3	10.5
	3.6	0.5	2.8	4.6
	17.1	0.5	6.1	15.1
	1.2	0.9	1.0	0.8
	3.8	3.9	5.8	6.7
	22.1	5.3	12.9	22.6
	19.5	19.5	32.7	29.9
	13.9	14.0	18.8	16.8
	2.1	4.0	5.3	7.8
	35.5	37.4	56.8	54.4
	3.2	2.4	3.4	2.5
	3.6	3.8	4.3	3.1
	42.3	43.5	64.5	60.1
	64.4	48.8	77.4	82.6
	221	194	210	209
Trade payables — MSME split
	0.7	2.2	—	—
	13.2	11.8	—	—

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

INCREDIBLE₹29.39

INCREDIBLE INDUSTRIES LIMITED

· Capital Goods & Defence

₹ CrorePeersSHAHALLOYS MWL RUDRA VSTL VMSTMT SMLT HISARMETAL ZENITHSTLMcap ₹137 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	43.2	37.7	32.3	26.2	26.2
+ Capital Work-in-Progress	0.2	5.3	11.4	35.3	35.3
+ Other Non-current Financial Assets	0.6	0.6	0.4	0.4	0.4
Non-current Financial Assets	0.6	0.6	0.4	0.4	0.4
+ Other Non-current Assets	—	0.0	6.3	15.5	15.5
Total Non-current Assets	44.0	43.6	50.4	77.5	77.5
Current Assets
+ Inventories	51.4	52.4	54.6	50.8	50.8
+ Trade Receivables	27.3	44.0	42.4	32.0	32.0
+ Cash & Cash Equivalents	0.7	7.6	18.2	0.1	0.1
+ Other Bank Balances	2.4	3.2	2.1	16.2	16.2
+ Other Current Financial Assets	7.7	7.7	0.3	0.3	0.3
Current Financial Assets	38.0	62.5	62.9	48.5	48.5
+ Other Current Assets	75.9	51.5	26.1	44.6	44.6
Total Current Assets	165.3	166.4	143.7	144.0	144.0
Total Assets	209.3	210.0	194.1	221.5	221.5
Equity
+ Equity Share Capital	46.8	46.8	46.8	46.8	46.8
+ Other Equity / Reserves	79.9	85.8	98.5	110.4	110.4
Equity — Owners of Parent	126.6	132.6	145.3	157.1	157.1
Total Equity	126.6	132.6	145.3	157.1	157.1
Liabilities
+ Borrowings — Non-current	10.5	3.3	0.0	13.5	13.5
+ Other Non-current Financial Liab	4.6	2.8	0.5	3.6	3.6
Non-current Financial Liabilities	15.1	6.1	0.5	17.1	17.1
+ Provisions — Non-current	0.8	1.0	0.9	1.2	1.2
+ Deferred Tax Liabilities	6.7	5.8	3.9	3.8	3.8
Non-current Liabilities	22.6	12.9	5.3	22.1	22.1
+ Borrowings — Current	29.9	32.7	19.5	19.5	19.5
+ Trade Payables	16.8	18.8	14.0	13.9	13.9
+ Other Current Financial Liab	7.8	5.3	4.0	2.1	2.1
Current Financial Liabilities	54.4	56.8	37.4	35.5	35.5
+ Provisions — Current	2.5	3.4	2.4	3.2	3.2
+ Other Current Liabilities	3.1	4.3	3.8	3.6	3.6
Current Liabilities	60.1	64.5	43.5	42.3	42.3
Total Liabilities	82.6	77.4	48.8	64.4	64.4
Total Equity & Liabilities	209.3	210.0	194.1	221.5	221.5
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	2.2	0.7	0.7
+ Dues to Other Creditors — Current	—	—	11.8	13.2	13.2

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.