Incred Holdings Limited - Unlisted Shares
Fundamentals
- Current Price
- ₹169
- Market Cap
- ₹10,714.19 Cr
- ISIN
- INE732W01014
- Face Value
- ₹10
- P/E Ratio
- 34.70
- EPS
- 4.87
- P/B Ratio
- 3.16
- Book Value
- 53.42
- Debt / Equity Ratio
- 1.06
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Revenue from Operations | 1,272.70 | 865.65 | 488.03 |
| Growth % | 47.02% | 77.38% | - |
| Operating Expenses | 404.53 | 260.13 | 246.46 |
| Growth % | 55.51% | 5.55% | - |
| Operating Profit | 868.17 | 605.52 | 241.57 |
| Op. Profit Margin % | 68.22% | 69.95% | 49.50% |
| Other Income | 23.43 | 15.05 | 36.24 |
| Finance Costs | 453.26 | 356.02 | 219.47 |
| Depreciation | 18.70 | 13.27 | 12.28 |
| Share of loss of associates | - | 0.10 | 4.21 |
| exceptional items | 20.11 | 60.22 | - |
| Profit Before Tax | 399.54 | 190.96 | 41.86 |
| Tax | 90.50 | 81.90 | 11.03 |
| Tax % | 7.11% | 9.46% | 2.26% |
| Profit After Tax | 309.04 | 109.06 | 30.83 |
| Growth % | 183.36% | 253.79% | - |
| PAT % | 24.28% | 12.60% | 6.32% |
| Diluted EPS | 4.87 | 1.81 | 0.79 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| Equity Capital | 641.82 | 595.24 | 192.76 |
| Reserves | 2744.96 | 1952.56 | 922.43 |
| Total Equity | 3,386.77 | 2547.80 | 1115.19 |
| Borrowings | - | - | - |
| Provision | 56.55 | 27.66 | 3.24 |
| Other Non-Current Liabilities | 16.05 | 20.61 | 16.47 |
| Total Non Financial Liabilities | 72.60 | 48.28 | 19.71 |
| Borrowings | 4,047.26 | 2712.47 | 1750.65 |
| Other Current Liabilities | 1,260.99 | 1370.26 | 1149.09 |
| Total Financial Liabilities | 5,308.25 | 4082.73 | 2899.74 |
| Equity + Liabilities | 8,767.62 | 6678.80 | 4034.65 |
| Fixed Assets (incl. WIP) | 120.14 | 113.00 | 44.26 |
| Other Non Current Assets | 491.91 | 604.09 | 51.51 |
| Total Non Financial Assets | 612.04 | 717.09 | 95.77 |
| Trade Receivables | - | 0.02 | 1.08 |
| Cash & Cash Equivalents | 168.21 | 392.68 | 84.97 |
| Other Current Assets | 7,987.37 | 5569.01 | 3852.82 |
| Total Financial Assets | 8,155.58 | 5961.71 | 3938.88 |
| Total Assets | 8,767.62 | 6,678.80 | 4,034.65 |
Shareholding Pattern
- KKR India Financial Investments Pte. Ltd
- 33.7%
- B Singh Holdings
- 18.4%
- MNI Ventures
- 10.59%
- others
- 37.31%
Strengths & Weaknesses
Strengths
- Strong Financial Performance: In FY 2023-24, InCred Holdings Limited demonstrated robust financial results. The company achieved a total income of INR 129,613.07 lakhs, showcasing its strong revenue generation capabilities. This financial strength enables the company to invest in growth initiatives and navigate market challenges effectively.
- Successful Fundraising: The company successfully raised INR 500 crores through a preferential issue of equity shares. This substantial fundraising underscores investor confidence in InCred Holdings Limited's business model and growth prospects.
- Experienced Leadership: The board of directors comprises experienced professionals with diverse backgrounds and expertise. Their collective leadership provides strategic guidance and ensures effective governance, contributing to the company's success.
- Comprehensive Service Portfolio: InCred Holdings Limited offers a wide range of financial services, including investment advisory, investment management, and financial arrangement services. This diversified portfolio enables the company to cater to various client needs and capitalize on market opportunities.
- Strategic Subsidiaries: The company has two direct subsidiaries, InCred Financial Services Limited and InCred Prime Finance Limited. These subsidiaries play a crucial role in expanding the company's market reach and service capabilities.
Weaknesses
- Fluctuating Profits: Despite strong revenue, the company experienced fluctuating profits in FY 2023-24. While the total income witnessed growth, the profit after tax showed a decline compared to the previous financial year.
- Dependence on Subsidiaries: InCred Holdings Limited relies significantly on its subsidiaries for revenue generation and overall financial performance. Any adverse impact on the subsidiaries' operations could potentially affect the parent company's financial stability.
- Limited Geographic Presence: The company's operations are primarily concentrated in India. Expanding its geographic presence could help diversify revenue streams and reduce dependence on a single market.
- Competition: The financial services industry is highly competitive, with numerous established players. InCred Holdings Limited faces competition from both domestic and international firms, requiring continuous innovation and differentiation to maintain a competitive edge.
About Incred Holdings Limited
InCred Holdings Limited, formerly known as KKR Capital Markets India Limited, is a financial services company registered with the Securities and Exchange Board of India (SEBI) as a Category I Merchant Banker. Established on January 3, 2011, under the Companies Act of 1956, the company operates from its registered office in Mumbai, India.
Board of Directors
- Bhupinder Singh - whole time director & chief executive officer
- Vivek Bansal - whole time director & chief executive officer
- Rupa Vora - Independant Director
- Karnam Sekar - Independant Director
- Debashish Dutta Gupta - Independant Director
- Vivek Anand PS - Non Executive Director
- Gaurav Trehan - Non Executive Director
- Sanjay Nayar - Non Executive Director
- Gajendra Thakur - Company Secretary & compliance officer