Incred Holdings Limited Share Price, Share Details as of March 31, 2024
Incred Holdings Limited Outstanding Shares |
641817562 |
Face Value of Incred Holdings Limited Share |
Rs.10 Per Equity Share |
ISIN of Incred Holdings Limited Share |
INE732W01014 |
Lot Size of Incred Holdings Limited Share |
100 |
Incred Holdings Limited Share Price |
Best In Industry |
PAN Number of Incred Holdings Limited |
AAECK1977B |
GST Number of Incred Holdings Limited |
27AAECK1977B1ZM |
Incred Holdings Limited Incorporation Details
Incred Holdings Limited CIN Number |
U67190MH2011PLC211738 |
Incred Holdings Limited Registration Date |
03-Jan-11 |
Category / Sub-Category of Incred Holdings Limited |
Public Companies having a Share Capital |
Incred Holdings Limited Registered Office Address |
Unit No. 1203; 12th floor; B Wing; The Capital; Plot No. C-70; G Block; BKC NA; Mumbai; Mumbai City; Maharashtra; 400051 |
Incred Holdings Limited Board of Directors
Name of the Director |
Designation |
Mr. Bhupinder Singh |
Whole Time Director & Chief Executive Officer |
Mr. Vivek Bansal |
Whole Time Director & Chief Financial Officer |
Mrs. Rupa Vora |
Independent director |
Mr. Karnam Sekar |
Independent director |
Mr. Debashish Dutta Gupta |
Independent director |
Mr. Vivek Anand PS |
Non-Executive Director |
Mr. Gaurav Trehan |
Non-Executive Director |
Mr. Sanjay Nayar |
Non-Executive Director |
Mr. Gajendra Thakur |
Company Secretary & Compliance Officer |
Incred Holdings Limited Consolidated Balance Sheet (Rs in Lakhs)
| Particulars | 3/31/2024 | 3/31/2023 |
| Financial Assets | ||
| Cash & Cash Equivalents | 8,496.96 | 34,472.39 |
| Bank Balances other than above | 8,323.96 | 4,795.43 |
| Derivative financial instruments | 878.92 | 1,388.54 |
| Trade receivables | - | 2.45 |
| Loans | 725,877.68 | 540,525.05 |
| Investments | 61,267.07 | 7,034.28 |
| Other financial assets | 10,712.97 | 7,953.28 |
| Non-Financial assets | ||
| Current tax assets (net) | 4,658.18 | 5,039.07 |
| Deferred tax assets (net) | 39,497.09 | 47,707.12 |
| Property, Plant and equipment | 5,031.34 | 4,359.35 |
| Capital work in progress | 336.65 | 161.79 |
| Goodwill | 6,645.58 | 6,778.74 |
| Other tangible assets | 393.40 | 666.43 |
| Other non-financial assets | 4,642.01 | 6,996.43 |
| Total Assets | 876,761.81 | 667,880.35 |
| Financial Liabilities | ||
| Derivative financial liabilities | 2,265.96 | 727.43 |
| Trade Payables | 271.89 | 172.45 |
| Debt securities | 96,989.55 | 115,190.08 |
| Borrowings (Other than debt securities) | 404,725.93 | 271,246.87 |
| Other fiancial liabilities | 26,571.49 | 20,935.99 |
| Non-Financial Liabilities | ||
| Provisions | 5,654.68 | 2,766.29 |
| Other non-financial liabilities | 1,605.01 | 2,061.37 |
| Equity | ||
| Equity Share capital | 64,181.76 | 59,523.54 |
| Other Equity | 274,495.54 | 195,256.32 |
| Total Equity & Liabilities | 876,761.81 | 667,880.34 |
Incred Holdings Limited Consolidated Profit & Loss Statement (Rs in Lakhs)
| Particulars | 3/31/2024 | 3/31/2023 |
| Revenue from Operations | ||
| Interest Income | 119,359.23 | 82,296.77 |
| Dividend Income | 50.10 | 25.18 |
| Net gain on derecognition of financial instruments under amortised cost category | 3,218.45 | 1,560.88 |
| Fees and commission income | 3,308.50 | 2,180.55 |
| Net (loss)/gain on fair value changes | 1,333.79 | 501.76 |
| Other Income | 2,343.00 | 1,505.48 |
| Total Income | 129,613.07 | 88,070.62 |
| Expenses | ||
| Finance Costs | 45,325.56 | 35,601.91 |
| Net loss on derecognition of financial instruments under amortised cost category | 3,765.18 | 25.00 |
| Impairment on financial instruments | -1,870.86 | -2,423.77 |
| Employee benefit expenses | 26,458.46 | 19,227.77 |
| Depreciation & Amortization Expenses | 1,869.92 | 1,326.78 |
| Other Expenses | 12,099.99 | 9,184.44 |
| Total Expenses | 87,648.25 | 62,942.13 |
| Profit before share of loss of associates | 41,964.82 | 25,128.49 |
| Share of loss of associates | - | 10.14 |
| Profit before exceptional items and tax | 41,964.82 | 25,118.35 |
| Exceptional item | 2,010.53 | 6,021.94 |
| Profit Before Tax | 39,954.29 | 19,096.41 |
| Current tax | 755.40 | 467.86 |
| Deferred Tax | 8,294.98 | 7,722.13 |
| Profit for the year | 30,903.91 | 10,906.42 |
| Other Comprehensive Income | ||
| Items that will not be reclassified to profit or loss: | ||
| Remeasurement gain/(loss) of the defined benefit plans | -127.69 | -62.34 |
| Income tax relating to items that will not be reclassified to profit or loss | 32.21 | 15.92 |
| Items that will be reclassified to profit or loss: | ||
| Debt instruments through other comprehensive income | 24.84 | -73.59 |
| The effective portion of gains and loss on hedging instruments in a cash flow hedge | -234.40 | 129.99 |
| Income tax relating to items that will be reclassified to profit or loss | 52.75 | -13.87 |
| Other Comprehensive Income | -252.29 | -3.89 |
| Total Comprehensive Income for the year | 30,651.62 | 10,902.53 |
| Profit is attributable to: | ||
| Owners of the group | 31,026.91 | 10,905.81 |
| Non controlling Interests | -123.00 | 0.61 |
| Other Comprehensive Income is attributable to: | ||
| Owners of the group | -252.05 | -3.89 |
| Non controlling Interests | -0.24 | - |
| Total Comprehensive Income is attributable to: | ||
| Owners of the group | 30,774.85 | 10,901.92 |
| Non controlling Interests | -123.23 | 0.61 |
| Earnings per Equity share | ||
| Basic | 5.07 | 1.85 |
| Diluted | 4.87 | 1.81 |
Incred Holdings Limited Consolidated Cash Flow Statement (Rs in Lakhs)
| Particulars | 3/31/2024 | 3/31/2023 |
|---|---|---|
| Cash Flow from Operating Activities | ||
| Profit/(Loss) before tax | 39,954.29 | 19,096.41 |
| Adjustments to reconcile net profit to net cash generated from/(used in) operating activities | ||
| Depreciation, Amortization and Impairment | 1,869.92 | 1,326.78 |
| Loss on sale of property, plant and equipment | - | 10.40 |
| Net (gain) on fair value changes | -1,334.48 | -499.12 |
| Impairment of goodwill | 133.16 | 16,585.12 |
| Net gain on derecognition of financial instruments | 546.73 | -1,535.88 |
| Interest Income | -119,359.23 | -82,296.77 |
| Finance Costs | 44,950.95 | 35,399.59 |
| Impairment on financial instruments | -2,382.57 | -1,155.09 |
| Retirement benefit expenses | 174.18 | 139.30 |
| Share based payment to employees | 2,432.70 | 3,765.87 |
| Share in loss of associate | - | 10.14 |
| Operating Profit before Working Capital Changes | -33,014.35 | -9,153.25 |
| Working capital adjustments: | ||
| (Increase)/Decrease in other trade receivables | 2.45 | 105.89 |
| (Increase) in loans | -182,970.06 | -113,268.76 |
| (Increase) in other financial assets | -3,306.42 | -4,296.83 |
| (Increase)/Decrease in other non financial assets | 2,354.42 | -1,952.74 |
| Increase in other financial liabilities | 5,937.18 | 6,528.20 |
| Increase in trade payables | 99.44 | - |
| Increase in Provisions | 2,586.52 | 549.92 |
| (Decrease)/Increase in other non financial liabilities | -456.36 | 401.16 |
| Cash (used in)/Generated from Operations | -208,767.18 | -121,086.41 |
| Interest received on loans | 116,648.30 | 80,643.89 |
| Interest paid on borrowings and debt | -44,709.39 | -34,973.42 |
| Income taxes paid | -427.25 | 2,811.54 |
| Net cash generated from operating activities | -137,255.52 | -72,604.40 |
| Cash flows from investing activities | ||
| (Purchase)/Sale of Property, plant and equipment | -1,862.93 | -1,940.49 |
| (Purchase)/Sale of Intangible assets | -111.93 | -466.95 |
| (Addition)/Deletion of capital work in progress | -174.86 | 132.16 |
| Investment in associate | - | 4,276.47 |
| Proceeds from business combination | - | 39,431.81 |
| Purchase of investments | -1,069,381.37 | -46,211.16 |
| Proceeds from sale of investments | 1,021,085.69 | 45,939.88 |
| Investment in term deposits | -190,240.61 | -137,589.04 |
| Proceeds from maturity of term deposits earmarked with banks | 186,712.08 | 135,784.97 |
| Net cash generated from Investing activities | -53,973.94 | 39,357.65 |
| Cash flows from financing activities | ||
| Issue of equity shares | 50,812.77 | 1,349.35 |
| Reversal of rent expenses | -837.26 | -604.40 |
| Proceeds of borrowings | 257,899.24 | 174,965.00 |
| Proceeds of debt securities | 79,946.24 | 69,799.19 |
| Repayment of borrowings | -129,934.78 | -120,958.31 |
| Redemption of debt securities | -98,146.77 | -61,132.88 |
| Net cash generated from Financing activities | 159,739.44 | 63,417.95 |
| Net increase/(decrease) in cash and cash equivalents | -31,490.02 | 30,171.20 |
| Cash and cash equivalents at the beginning of the year | 32,960.13 | 2,788.93 |
| Cash and cash equivalents at the end of the year | 1,470.11 | 32,960.13 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
Operating activities primarily reflect the core business operations, such as generating profits and managing working capital.
Profit/(Loss) before tax increased from ₹19,096.41 Lakhs in 2023 to ₹39,954.29 Lakhs in 2024. This indicates a higher pre-tax profit for 2024, showing an improvement in operational efficiency or revenue generation.
Adjustments to reconcile net profit to net cash generated: Several non-cash adjustments were made to calculate the net cash from operating activities:
Depreciation, Amortization, and Impairment: This increased from ₹1,326.78 Lakhs in 2023 to ₹1,869.92 Lakhs in 2024, reflecting higher depreciation or amortization charges, which are added back to net income as they don’t represent cash outflows.
Loss on sale of property, plant, and equipment: A minor loss of ₹10.40 Lakhs was recognized in 2023, but there were no such losses in 2024.
Impairment of goodwill: A significant impairment charge of ₹16,585.12 Lakhs in 2023 decreased to ₹133.16 Lakhs in 2024, reducing the non-cash impact on the profit for 2024.
Net gain on fair value changes and Net gain on derecognition of financial instruments: These items reversed from negative values in both years, indicating changes in asset valuations and the derecognition of financial instruments that resulted in a positive impact on cash flows in 2024.
Working capital adjustments: These reflect changes in the company’s operational assets and liabilities. Significant changes include:
Increase in loans: There was a sharp increase in loans by ₹182,970.06 Lakhs in 2024 compared to ₹113,268.76 Lakhs in 2023, indicating the company borrowed more in 2024.
Increase in other financial assets: A reduction in cash due to an increase in financial assets of ₹3,306.42 Lakhs.
Increase in trade payables: A small increase of ₹99.44 Lakhs in 2024 shows the company used more credit from its suppliers.
Increase in provisions: A rise in provisions (₹2,586.52 Lakhs) indicates higher expected liabilities.
Cash (used in)/generated from operations: The company experienced a significant outflow from operations, with ₹208,767.18 Lakhs used in 2024 compared to ₹121,086.41 Lakhs in 2023, mainly due to the higher working capital requirements and interest expenses.
Interest paid was ₹44,709.39 Lakhs in 2024, which increased from ₹34,973.42 Lakhs in 2023, reflecting higher interest costs.
Net cash generated from operating activities: After adjustments for interest and taxes, the company had a net outflow of ₹137,255.52 Lakhs in 2024, which is much worse than the outflow of ₹72,604.40 Lakhs in 2023.
Cash Flow from Investing Activities:
Investing activities primarily involve the purchase and sale of physical and financial assets.
Purchase/Sale of property, plant, and equipment: The Company spent ₹1,862.93 Lakhs on acquiring new assets, which is slightly lower than the ₹1,940.49 Lakhs spent in 2023.
Purchase/Sale of investments: There was a significant outflow in 2024 of ₹1,069,381.37 Lakhs for purchasing investments, compared to ₹46,211.16 Lakhs in 2023. This represents a major increase in the company’s investment activities, possibly due to acquisitions or strategic investments.
Proceeds from the sale of investments: The company generated ₹1,021,085.69 Lakhs from selling investments in 2024, which is close to the amount spent on purchasing investments, leading to a relatively balanced cash flow from investments.
Investment in term deposits and Proceeds from maturity of term deposits: These two items reflect changes in cash holdings, with outflows of ₹190,240.61 Lakhs for new term deposits and inflows of ₹186,712.08 Lakhs from maturing deposits. These changes in short-term deposits had a relatively neutral effect on the net cash from investing activities.
Net cash generated from investing activities: The company had a net outflow of ₹53,973.94 Lakhs in 2024, a significant decrease from the inflow of ₹39,357.65 Lakhs in 2023, primarily due to the large investments made.
Cash Flow from Financing Activities:
Financing activities relate to how the company raises and repays capital, including borrowings, debt, and equity.
Equity issue: The company raised ₹50,812.77 Lakhs through the issuance of new equity shares in 2024, significantly more than the ₹1,349.35 Lakhs raised in 2023. This is a major source of cash inflow in 2024.
Proceeds of borrowings: There was a sharp increase in borrowings, with ₹257,899.24 Lakhs raised in 2024, compared to ₹174,965.00 Lakhs in 2023, contributing to the financing cash inflow.
Debt securities: The company raised ₹79,946.24 Lakhs through debt securities in 2024, up from ₹69,799.19 Lakhs in 2023.
Repayment of borrowings: The company repaid ₹129,934.78 Lakhs of borrowings in 2024, which is slightly more than the repayment of ₹120,958.31 Lakhs in 2023.
Redemption of debt securities: In 2024, ₹98,146.77 Lakhs were used to redeem debt securities, higher than the ₹61,132.88 Lakhs in 2023.
Net cash generated from financing activities: The company had a significant inflow of ₹159,739.44 Lakhs in 2024, which was much higher than the ₹63,417.95 Lakhs in 2023, due to the increased borrowing and equity issuance.
Net Change in Cash and Cash Equivalents:
The net change in cash and cash equivalents was a decrease of ₹31,490.02 Lakhs in 2024, compared to an increase of ₹30,171.20 Lakhs in 2023. Despite the inflows from financing activities, the large outflows in operating and investing activities led to the overall reduction in cash.
Cash and cash equivalents at the beginning of the year: ₹32,960.13 Lakhs in 2024 compared to ₹2,788.93 Lakhs in 2023.
Cash and cash equivalents at the end of the year: The company ended the year with ₹1,470.11 Lakhs in 2024, a significant decrease from ₹32,960.13 Lakhs in 2023.
Financial Ratios of Incred Holdings Limited
| Particulars | 2024 | 2023 |
| Current Ratio | 1.51 | 3.62 |
| Debt-Equity Ratio | - | 0.01 |
| Return on Equity ratio | -0.18% | -0.42% |
| Net Profit ratio | -118.98% | -537.59% |
| Return on Capital Employed Ratio | -59.00% | 0.32% |
| Return on Investment | 13.20% | 1.60% |
Here is a summary of the financial and operational metrics for Incred Holdings Limited for the year 2024 and 2023:
Current Ratio:
A current ratio of 1.51 in 2024 suggests that for every 1 of liability, the company has 1.51 in assets to cover it, indicating a decent level of liquidity. However, the significant decline from 3.62 in 2023 to 1.51 in 2024 shows that the company 's liquidity position has worsened over the year, implying that it may now be facing tighter liquidity and may need to improve its working capital management.
Debt-Equity Ratio:
In 2023, the debt-equity ratio was extremely low at 0.01, which means that the company relied very little on debt for financing, using primarily equity to fund its operations.
Return on Equity (ROE):
ROE has improved slightly from -0.42% in 2023 to -0.18% in 2024, though both values remain negative, indicating that the company has experienced a loss in both years relative to its equity base.
Net Profit Ratio:
A net profit ratio of -118.98% in 2024 indicates that the company’s net losses were larger than its revenues, meaning that the company lost more money than it earned in sales. This is a significant improvement from -537.59% in 2023, where the company’s losses were even more extreme in relation to its revenues.
Return on Capital Employed (ROCE):
The ROCE of -59.00% in 2024 indicates that the company has generated a negative return on the capital employed, meaning that it is losing value relative to its capital base. This is a sharp decline from 0.32% in 2023, which was a very small positive return.
Return on Investment (ROI):
The ROI of 13.20% in 2024 is a strong improvement from 1.60% in 2023, indicating that the company has become more effective at generating returns on its investments.
A V Thomas International Limited Annual Report 2023-24
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