Incredible Industries Limited (INCREDIBLE) Fair Value & Analysis
Basic Materials · IN · Market cap ₹1.5B
Fair value as of: Jul 3, 2026
From 14 valuation models · updated yesterday
Share price −5.6% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹28.49 – ₹46.88 · fair‑value band ₹24.83 – ₹43.75 · the ₹32.96 price screens below the ₹33.65 fair value. As of Jul 3, 2026.
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Incredible Industries Limited (INCREDIBLE) currently trades at ₹32.96, while our model-based Fair Value estimate is ₹33.65 — implying the stock looks roughly 2.1% undervalued today. We read business quality at 53/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, Incredible Industries Limited generated revenue of ₹8.4B at a net margin of 1.4%. Revenue declined 4.5% year over year. It earns a return on equity of 7.6%. Net debt stands at ₹180M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Incredible Industries Limited manufactures and sells iron and steel products in India. The company offers steel related rolled products, such as TMT bars, wire rods, H.B. wires, etc., as well as related services. It also offers billets, linkedge, annaling, torkari, and wire nail products. In addition, the company engages in the generation of electricity through wind power. It also exports its products. The company was formerly known as Adhunik Industries Limited and changed its name to Incredible Industries Limited in May 2021. Incredible Industries Limited was incorporated in 1979 and is based in Kolkata, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Incredible Industries Limited reported revenue of ₹8.4B in FY2026 versus ₹5.4B in FY2022, a compound +11.9%/yr. Reported net income was ₹115M in FY2026, compounding +34.1%/yr from FY2022.
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Similar stocks
6 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2140 | $0.2500 | +17% |
| Nucor Corporation NUE | $250.49 | $79.02 | -68% |
| ArcelorMittal S.A ARMT34 | R$163.20 | R$15.38 | -91% |
| JSW Steel Limited JSWSTEEL | ₹1,284 | ₹901.55 | -30% |
| Baoshan Iron & Steel Co 600019 | ¥5.75 | ¥8.07 | +40% |
| China Steel Corporation 2002A | 38.25 TWD | 9.37 TWD | -76% |
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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.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.