# InCred Holdings Limited
**ISIN:** INE732W01014
**Canonical URL:** https://polemarch.in/invest/incred-holdings-limited
**Type:** Unlisted
**Sector:** Financials
**Market cap bucket:** Mid Cap
**Current quoted price:** ₹0.00 per share

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## Company profile

## Key ratios (as of FY2025, yearly)
### Liquidity Ratios
- **Working Capital:** 5.412142
- **Current Ratio:** 2.70568019
- **Quick Assets:** 8.585153
- **Quick Ratio:** 2.70568019
- **Cash Ratio:** 2.10955808
- **Working Capital To Sales:** 0.28885999
- **Defensive Interval Ratio:** 338.04738292
- **Net Working Capital to Assets:** 0.0432953

### Leverage Ratios
- **Total Debt:** 83.585096
- **Net Debt:** 76.891445
- **Debt to Equity:** 2.1977192
- **Debt to Assets:** 0.66865248
- **Debt To Capital:** 0.68727711
- **Equity Ratio:** 0.30424837
- **Financial Leverage:** 3.28678839
- **Interest Coverage:** 1.80903948
- **EBITDA Interest Coverage:** 1.83825674
- **Net Debt to EBITDA:** 6.66943116
- **Long Term Debt to Equity:** 2.1977192
- **Long Term Debt to Capital:** 0.68727711
- **Debt to EBITDA:** 7.25002689
- **Net Debt to Equity:** 2.02172173

### Profitability Ratios
- **Effective Tax Rate:** 0.26458846
- **NOPAT:** 8.343755009799999
- **Invested Capital:** 114.9241
- **Gross Margin:** 1.01075409
- **EBITDA Margin:** 0.61532908
- **EBIT Margin:** 0.60554903
- **Pre Tax Margin:** 0.27081392
- **Net Margin:** 0.19915968
- **Return on Assets:** 0.02985072
- **Return on Equity:** 0.098113
- **Return on Capital Employed:** 0.09312553
- **Return On Invested Capital:** 0.07260231
- **Pre-Tax ROE:** 0.13341238
- **Cash ROA:** -0.22525013
- **Return on Net Assets:** 0.03062816
- **Operating ROA:** 0.09076172

### Efficiency Ratios
- **Asset Turnover:** 0.14988335
- **Fixed Asset Turnover:** 34.02519536
- **Receivables Turnover:** 111.5038326
- **Payables Turnover:** 0
- **Working Capital Turnover:** 3.46188478
- **Days Sales Outstanding:** 3.27343008
- **Equity Turnover:** 0.49263487
- **Capital Employed Turnover:** 0.1540582

### Cashflow Ratios
- **Operating Cash Flow to Sales:** -1.50283617
- **Operating Cash Flow to Net Income:** -7.54588559
- **Free Cash Flow:** -27.947037999999996
- **Free Cash Flow Margin:** -1.49160556
- **Cash Flow to Debt:** -0.33687174
- **FCF to Net Income:** -7.48949564
- **Capital Expenditure:** -0.21041899999999997
- **Capex to Sales:** -0.01123061
- **Capex to Operating Cashflow:** 0.00747294
- **Dividend Payout Ratio:** 0
- **Retention Ratio:** 1

### Valuation Models
- **Shares Outstanding:** 64.75174
- **Market Cap:** 0
- **Enterprise Value:** 76.891445
- **P/E Ratio:** 0
- **P/B Ratio:** 0
- **P/S Ratio:** 0
- **EV / EBITDA:** 6.66943116
- **EV / Sales:** 4.10389491
- **EV / EBIT:** 6.77714719
- **Price / Operating Cash Flow:** 0
- **EV to FCF:** -2.75132717
- **EV to Assets:** 0.61510553
- **EV to Capital Employed:** 0.6311254
- **EV to Invested Capital:** 0.66906284

### Per Share Metrics
- **EPS (Basic):** 5.76277641
- **Book Value per Share:** 58.73611273
- **Sales per Share:** 28.93545718
- **Operating Cash Flow per Share:** -43.48525152
- **Free Cash Flow per Share:** -43.16028882
- **Cash per Share:** 10.33740715
- **EBITDA per Share:** 17.8048281
- **EBIT per Share:** 17.52183802

### DuPont Analysis
- **DuPont: Tax Burden:** 0.73541154
- **DuPont: Interest Burden:** 0.44722047
- **DuPont: EBIT Margin:** 0.60554903
- **DuPont: Asset Turnover:** 0.14988335
- **DuPont: Equity Multiplier:** 3.28678839
- **DuPont ROE (5-step):** 0.098113

### Earnings Quality
- **Accruals to Assets:** 0.25510085
- **Accruals to Net Income:** 8.54588559
- **Cash Earnings Coverage:** -7.54588559
- **Capex to Depreciation:** -1.14831833

## Recent price points (last 10)

| Date | Price (₹) |
|---|---:|
| 2026-04-16 | 154 |
| 2026-04-17 | 148 |
| 2026-04-18 | 148 |
| 2026-04-19 | 148 |
| 2026-04-20 | 148 |
| 2026-04-21 | 148 |
| 2026-04-22 | 152 |
| 2026-04-23 | 152 |
| 2026-04-24 | 152 |
| 2026-04-25 | 152 |

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## Risk disclosure

Unlisted shares are illiquid and can lose their full value. They're illiquid, prices can swing sharply, and a quoted price is only as good as the next willing buyer at that level. Polemarch does not guarantee any return on any share. Talk to a SEBI-registered investment adviser before you put money in. Past performance is not a forecast of future returns.

Canonical (live): https://polemarch.in/invest/incred-holdings-limited
Operator: Mithtech Innovative Solutions Pvt Ltd, Bengaluru, India.