Incap Limited (INCAP) Fair Value & Analysis
Technology · IN · Market cap ₹513M
Fair value as of: Jul 5, 2026
From 26 valuation models · updated today
Share price +21.1% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹68.00 – ₹146.95 · fair‑value band ₹13.79 – ₹22.98 · the ₹99.90 price screens above the ₹18.39 fair value. As of Jul 5, 2026.
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Incap Limited (INCAP) currently trades at ₹99.90, while our model-based Fair Value estimate is ₹18.39 — implying the stock looks roughly 81.6% overvalued today. We read business quality at 63/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Incap Limited generated revenue of ₹317M at a net margin of 1.1%. Revenue grew 65.7% year over year. It earns a return on equity of 2.1%. Net debt stands at ₹23.3M. Fundamentals as of Jul 5, 2026
Our scenario range runs from ₹13.79 (bear case) to ₹22.98 (bull case); at ₹99.90, the current price sits above that range. The share trades about 38% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -72% fair-value upside — at -82%, INCAP screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
Incap Limited engages in manufacture and sale of aluminum electrolytic capacitors in India and internationally. The company offers radial, snap in, and SMD electrolytic capacitors, as well as motor start, LUG terminal, and professional screw terminal capacitors; and transmission line-item materials, such as composite long rod and glass disc insulators, hardware materials, conductor accessories, special dampers, and OPGW. It also provides solar services comprising PV modules, lighting systems, and power packs, as well as EPC, operation and maintenance, and rooftop services. The company was incorporated in 1990 and is based in Vijayawada, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Incap Limited reported revenue of ₹317M in FY2026 versus ₹232M in FY2022, a compound +8.1%/yr. Reported net income was ₹3.4M in FY2026, compounding −19.5%/yr from FY2022.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.