A micro-cap steel stock priced under Rs.60 caught investors’ attention after it hit the 20 percent upper circuit on the back of a stellar quarterly performance. The surge came as the company reported a remarkable 110 percent jump in net profit annually, signaling strong operational momentum and renewed market optimism.
During Thursday’s trading session, the shares of Incredible Industries Ltd reached an intraday high of Rs.50.86 per share, hitting the 20 percent upper circuit limit from the previous close of Rs.42.39 per share.
Financial Performance
Incredible Industries Ltd experienced a significant rise fueled by strong net profit and revenue growth, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.230.29 crore, reflecting a year-on-year increase of 3.5 percent compared to Rs.222.44 crore in Q4 FY24. On a sequential basis, revenue rose 41.8 percent from Rs.162.35 crore in Q3 FY25, highlighting continued operational strength.
Net profit for Q4 FY25 stood at Rs.5.84 crore, up 87.2 percent from Rs.3.12 crore in the same period last year. Compared to Q3 FY25, net profit increased 93.4 percent from Rs.3.02 crore.
For the full year FY25, the company posted a total revenue of Rs.756.91 crore, registering a 7.7 percent decline from Rs.820.34 crore in FY24. However, annual net profit rose significantly to Rs.12.48 crore, marking a 109.4 percent increase from Rs.5.96 crore in the previous year.
Incredible Industries Ltd specializes in the production of TMT bars, particularly the Fe 500 SD grade, along with wire rods, H.B. wires, billets, and wire nails. Its manufacturing operations are centered at a rolling mill located in the Raturia Industrial Area, Angadpur, Durgapur, West Bengal, with an installed production capacity of 170,000 metric tonnes per annum (MTPA).
The company also leverages renewable energy through a 1.5 MW windmill situated in Dhule, Maharashtra, which supplies power under a Power Purchase Agreement with MSEDCL. Additionally, IIL benefits from backward integration through its group of companies involved in sponge iron and billet manufacturing, ensuring a reliable and cost-effective raw material supply chain.
The company has a Return on Capital Employed (ROCE) of 9.33 percent and a Return on Equity (ROE) of 5.67 percent. Its Price-to-Earnings (P/E) ratio stands at 20.78, lower than the industry average of 21.51. Furthermore, the company maintains a current ratio of 6.17, a debt-to-equity ratio of 0.22, and an Earnings Per Share (EPS) of Rs.2.09.
Written by – Siddesh S Raskar
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