Incap

₹64.5 0 | 0%

WEBSITE BSE:517370 NSE : INCAP LTD. 18 May, 12:50

Market Cap ₹33 Cr.

Stock P/E 55.9

P/B 2

Current Price ₹64.5

Book Value ₹ 32.4

Face Value 10

52W High ₹97.7

Dividend Yield 1.55%

52W Low ₹ 33.3

Edit Ratio

Incap Research see more...

Overview Inc. Year: 1990Industry: Electronics - Components

Incap Share Price

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Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Incap Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	5	7	7	6	6	4	6	5	7	4
Other Income	0	0	1	0	0	0	1	0	0	-0
Total Income	5	7	8	6	6	4	7	5	7	4
Total Expenditure	4	7	7	6	5	3	6	5	6	4
Operating Profit	1	0	1	0	0	0	0	0	1	0
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	0	0	0	0	0	0	0	0
Provision for Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0	0	0	0	0	0	-0	0	0	0
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	0	0	0	0	0	0	-0	0	0	0
Adjusted Earnings Per Share	0.8	0.5	0.1	0.4	0.6	0.4	-0.1	0.3	0.8	0.2

Incap Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	35	40	46	30	29	28	21	38	21	23	21	22
Other Income	0	0	1	0	0	1	1	1	1	1	1	1
Total Income	35	41	47	30	29	29	22	39	22	24	22	23
Total Expenditure	32	37	43	27	25	25	19	38	21	23	21	21
Operating Profit	3	4	4	4	4	4	2	2	1	2	1	1
Interest	1	1	1	1	0	0	0	1	0	0	0	0
Depreciation	1	1	0	0	0	0	0	0	0	0	0	0
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1	2	3	3	4	4	1	1	1	1	1	0
Provision for Tax	0	1	1	1	1	1	0	0	0	0	0	0
Profit After Tax	1	2	2	2	2	3	1	0	1	1	1	0
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	1	2	2	2	2	3	1	0	1	1	1	0
Adjusted Earnings Per Share	1.3	3	3.8	3	4.6	5.5	1.9	0.9	1.1	1.6	1.3	1.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	-9%	-18%	-6%	-5%
Operating Profit CAGR	-50%	-21%	-24%	-10%
PAT CAGR	0%	0%	-20%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	74%	47%	14%	13%
ROE Average	4%	4%	5%	12%
ROCE Average	6%	6%	8%	18%

Incap Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	8	9	10	11	13	15	15	15	15	16	16
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	1	1	0	0	0	0	1	0	1	1	1
Other Non-Current Liabilities	0	1	0	0	0	0	0	0	0	0	0
Total Current Liabilities	13	17	25	10	6	7	8	19	20	12	12
Total Liabilities	23	27	35	21	19	22	25	36	37	30	28
Fixed Assets	3	4	5	5	4	4	5	5	4	3	4
Other Non-Current Assets	0	0	0	0	1	1	8	7	2	2	2
Total Current Assets	19	22	30	15	14	17	11	24	30	24	22
Total Assets	23	27	35	21	19	22	25	36	37	30	28

Incap Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	4	3	0	4	8	3	14	18	15
Cash Flow from Operating Activities	1	10	-2	2	5	4	-2	11	3	-4	-1
Cash Flow from Investing Activities	0	-2	-0	-0	1	0	-2	1	1	1	0
Cash Flow from Financing Activities	-1	-5	2	-5	-2	-0	-0	-1	0	-1	-1
Net Cash Inflow / Outflow	-0	3	-0	-3	4	3	-5	11	4	-3	-2
Closing Cash & Cash Equivalent	1	4	3	0	4	8	3	14	18	15	13

Incap Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.25	2.98	3.85	2.99	4.59	5.55	1.89	0.86	1.14	1.56	1.29
CEPS(Rs)	3.02	4.37	4.55	3.73	5.17	6.27	2.76	1.74	2.06	2.42	2.05
DPS(Rs)	0	1	1	1	1	1	1	0	1	1	1
Book NAV/Share(Rs)	14.81	16.63	19.27	21.06	24.45	28.79	29.45	29.91	30.16	30.83	31.12
Core EBITDA Margin(%)	8.63	8.25	6.2	10.77	13.68	11.84	5.65	1.88	0.55	2.66	2.23
EBIT Margin(%)	6.48	7.57	8.01	10.69	13.98	14.24	8.57	3.03	4.12	5.85	5.22
Pre Tax Margin(%)	2.9	5.71	6.7	8.34	12.43	13.72	6.66	1.56	3.26	4.99	4.23
PAT Margin (%)	1.82	3.81	4.3	5.1	8.25	10.04	4.72	1.15	2.8	3.47	3.15
Cash Profit Margin (%)	4.41	5.59	5.08	6.36	9.29	11.34	6.9	2.34	5.05	5.37	5.01
ROA(%)	3.25	6.17	6.38	5.49	11.76	13.69	4.14	1.46	1.62	2.43	2.29
ROE(%)	8.81	18.98	21.44	14.82	20.18	20.85	6.5	2.89	3.79	5.13	4.17
ROCE(%)	16.83	25.66	30.02	24.05	32.09	28.97	11.31	7.24	5.16	7.74	6.31
Receivable days	72.79	89.23	88.85	129.82	94.25	80.49	99.56	57.68	127.22	99.09	98.41
Inventory Days	39.6	35.23	39.6	65.25	48.87	36.42	52.72	22.9	31.78	34.98	37.37
Payable days	34.31	67.55	43.72	58.01	85.88	118.73	173.8	436.76	628.33	390.38	288.86
PER(x)	7.64	5.36	3.88	9.37	6.64	16.29	19.73	27.73	16.99	24.47	26.65
Price/Book(x)	0.64	0.96	0.78	1.33	1.25	3.14	1.27	0.79	0.64	1.24	1.11
Dividend Yield(%)	0	6.25	6.69	3.57	3.28	1.11	2.68	0	5.17	2.61	2.9
EV/Net Sales(x)	0.28	0.15	0.19	0.52	0.4	1.39	0.84	-0.02	-0.29	0.29	0.3
EV/Core EBITDA(x)	3.14	1.61	2.22	4.32	2.69	8.92	7.78	-0.49	-4.58	3.72	4.17
Net Sales Growth(%)	99.9	14.12	14.55	-34.64	-4.97	-0.71	-27.44	86.19	-45.44	10.77	-9.07
EBIT Growth(%)	68.09	33.45	21.07	-12.73	24.25	1.18	-56.36	-34.19	-25.81	57.31	-18.77
PAT Growth(%)	325.9	138.62	28.98	-22.32	53.6	20.85	-65.89	-54.76	33	37.25	-17.35
EPS Growth(%)	325.93	138.62	28.98	-22.32	53.6	20.85	-65.89	-54.76	33	37.26	-17.35
Debt/Equity(x)	0.8	0.17	0.47	0.13	0.01	0.03	0.06	0.04	0.12	0.12	0.07
Current Ratio(x)	1.44	1.36	1.21	1.59	2.17	2.36	1.35	1.24	1.52	1.91	1.93
Quick Ratio(x)	1.15	1.12	0.96	1.11	1.69	1.98	0.96	1.16	1.42	1.73	1.76
Interest Cover(x)	1.81	4.06	6.14	4.56	9.05	27.55	4.49	2.06	4.81	6.86	5.27
Total Debt/Mcap(x)	1.25	0.18	0.61	0.1	0.01	0.01	0.05	0.06	0.18	0.1	0.07

Incap Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	66.5	66.5	66.5	66.53	66.62	66.68	66.73	66.82	66.89	66.91
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	33.5	33.5	33.5	33.47	33.38	33.31	33.27	33.18	33.11	33.09
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34	0.34
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17	0.17
Others	0	0	0	0	0	0	0	0	0	0
Total	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51	0.51

Pros

Debtor days have improved from 390.38 to 288.86days.
Company is almost debt free.

Cons

Company has a low return on equity of 4% over the last 3 years.
The company has delivered a poor profit growth of -19% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.