Incap Ltd517370Corporate

Other Electrical Equipment Latest results: Mar 2026 13 quarters of data

₹85.80

MCap ₹44 Cr · P/E 129.5

Incap Ltd — Stock analysis & AI research Incap Ltd — Live exchange announcements

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹8 Cr

Sales · Mar 2026

+65.8% YoY

₹0 Cr

Operating Profit · Mar 2026

-88.9% YoY

0.4%

OPM % · Mar 2026

-92.7% YoY

₹-0 Cr

Net Profit · Mar 2026

-288.2% YoY

₹-0.62

EPS · Mar 2026

-287.9% YoY

📝 Incap Ltd — results explained

Quarter ended March 2026 (Q4 FY26)

Incap Ltd reported revenue of ₹8 crore for the quarter ended March 2026 (Q4 FY26), up 65.8% from ₹5 crore in the same quarter last year, and up 12.5% sequentially over the December 2025 quarter.

The company reported a net loss of ₹0 crore, against a net profit of ₹0 crore in the same quarter last year. Earnings per share (EPS) came in at ₹-0.62.

Operating profit stood at ₹0 crore — an operating margin (OPM) of 0.4%, compared with 5.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Incap Ltd posted revenue of ₹32 crore, a decline of 5.7% over FY25, with a net profit of ₹0 crore (down 67.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹32 crore with a net profit of ₹0 crore.

Valuation snapshot

At the current price of ₹85.80, 517370 has a market capitalisation of ₹44 crore and a trailing P/E of about 129.5.

Within the Other Electrical Equipment industry, it is the 25th-largest of the 38 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 66.91%, public shareholders 33.10% of Incap Ltd.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹44 Cr

Current Price ?

₹85.8

P/E ?

129.46above ind

Industry P/E ?

29.20

P/B ?

2.74

P/S ?

1.39

P/FCF ?

8.65

Enterprise Value ?

₹45 Cr

EV/EBITDA ?

36.74

PEG ?

N/A

Earnings Yield ?

1.6%

Dividend Yield ?

1.17%

Profitability & Returns

Sales (TTM) ?

₹32 Cr

OPM ?

3.9%

Profit after tax (TTM) ?

₹0 Cr

EPS (TTM) ?

₹0.66

ROCE ?

4.4%

ROE ?

2.1%

ROA ?

1.2%

Growth

Sales — latest qtr ?

₹8 Cr

PAT — latest qtr ?

₹-0 Cr

YoY qtr sales growth ?

65.8%

YoY qtr profit growth ?

-288.2%

Sales growth (3y) ?

15%

Sales growth (5y) ?

Profit growth (3y) ?

-18%

Profit growth (5y) ?

-8%

Financial Health

Debt ?

₹1 Cr

Debt to Equity ?

0.05

Interest Coverage ?

2.1

Current Ratio ?

N/A

Ownership

Promoter holding ?

66.91%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-0.2%

Return 6 months ?

1.8%

🗓️ Quarterly results (13 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	YoY %	QoQ %
Sales	6	5	7	4	4	5	7	17	5	10	6	7	8	+65.8%	+12.5%
Operating Profit	-1	0	0	0	-0	0	1	0	0	1	0	0	0	-88.9%	-83.3%
Other Income	1	0	0	-0	1	0	0	0	0	0	0	0	-0	-115.8%	-123.1%
Interest	0	0	0	0	-0	0	0	0	0	0	0	0	0	-88.9%	-60.0%
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	+18.2%	+0.0%
Profit Before Tax	0	0	0	0	0	0	0	0	0	0	0	0	-0	-188.2%	-215.4%
Net Profit	-0	0	0	0	0	0	0	0	0	0	0	0	-0	-288.2%	-328.6%
EPS	-0.10	0.29	0.76	0.19	0.04	0.45	0.88	0.39	0.33	0.58	0.43	0.27	-0.62	-287.9%	-329.6%
OPM %	-9.7%	4.5%	7.4%	8.4%	-10.9%	7.5%	8.6%	2.8%	5.5%	5.1%	8.0%	2.5%	0.4%	-92.7%	-84.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹34 Cr	₹32 Cr	₹32 Cr	-5.7%
Operating Profit	₹2 Cr	₹1 Cr	₹1 Cr	-28.2%
OPM %	5.06%	3.85%	3.85%	-23.9%
NPM %	3.13%	1.07%	1.07%	-65.8%
Other Income	₹0 Cr	₹0 Cr	₹0 Cr	-31.6%
Depreciation	₹0 Cr	₹1 Cr	₹1 Cr	+34.2%
Interest	₹0 Cr	₹0 Cr	₹0 Cr	-26.1%
EBIT	₹1 Cr	₹1 Cr	₹1 Cr	-46.2%
PBT	₹1 Cr	₹0 Cr	₹0 Cr	-52.4%
Tax	—	—	—	—
Net Profit	₹1 Cr	₹0 Cr	₹0 Cr	-67.6%
EPS	₹2.05	₹0.66	₹0.66	-67.8%
Material Cost	—	—	—	—
Employee Cost	—	—	—	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	5.13	5.13	5.13	5.13	+0.0%
Reserves	10.84	10.94	11.11	10.92	-1.7%
Borrowings	1.19	2.75	5.39	0.81	-85.0%
Other Liabilities	10.93	8.61	8.31	10.77	+29.6%
Total Liabilities	28.09	27.43	29.94	27.63	-7.7%
Fixed Assets	3.67	3.43	7.33	6.84	-6.7%
CWIP	0.00	0.00	0.00	0.00	—
Investments	2.21	2.21	2.57	2.57	+0.0%
Other Assets	22.21	21.79	20.04	18.22	-9.1%
Total Assets	28.09	27.43	29.94	27.63	-7.7%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	-1.04	-6.06	-2.11	5.11	+342.2%
Cash from Investing Activity	0.23	0.67	-4.63	-0.01	+99.8%
Cash from Financing Activity	-1.38	0.87	1.67	-5.42	-424.6%
Net Cash Flow	-2.19	-4.52	-5.07	-0.32	+93.7%
Free Cash Flow	-1.54	-6.19	-6.39	5.09	+179.7%
CFO/OP	-172%	-937%	-106%	438%	+513.2%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	107.80	184.95	154.35	85.75	-44.4%
Inventory Days	60.93	81.02	31.06	87.83	+182.8%
Days Payable	275.87	195.91	86.54	81.14	-6.2%
Cash Conversion Cycle	-107.14	70.06	98.87	92.44	-6.5%
Working Capital Days	-33.10	53.17	45.33	50.48	+11.4%
ROCE %	5.91%	6.17%	7.61%	4.36%	-42.7%

👥 Shareholding (latest 4 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026	% Chg
Promoters	66.91%	66.91%	66.91%	66.91%	+0.0%
Public	33.09%	33.09%	33.10%	33.10%	+0.0%
No. of Shareholders	3,450	3,375	3,333	3,260	-2.2%

⚖️ Peer comparison

Industry: Other Electrical Equipment · top 25 of 38 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	UTLSOLAR Fujiyama Power	₹444.35	13,637	—	—	—	—	—	—	—	125.4%	-15.0%
2	WAAREERTL Waaree Renewable	₹835.00	8,716	17.1	3,652	511	19.1%	14.0%	108.5%	172.7%	53.2%	37.7%
3	VIKRAMSOLR Vikram Solar	₹166.69	6,040	16.4	5,232	357	15.3%	6.8%	—	—	37.9%	-85.0%
4	SAATVIKGL Saatvik Green	₹400.45	5,090	17.1	4,291	283	11.0%	6.6%	—	—	-44.2%	-95.5%
5	SHILCTECH Shilchar Technologies	₹3,901.10	4,463	32.4	628	137	25.5%	21.8%	4.6%	7.2%	-15.3%	-49.1%
6	517467 Marsons	₹130.70	2,249	51.1	248	44	17.0%	17.7%	45.6%	70.4%	4.8%	-25.9%
7	515008 Modern Insulators	₹147.80	2,088	7.4	766	95	14.9%	12.3%	42.7%	105.1%	33.5%	97.3%
8	517035 RIR Power	₹160.05	1,433	156.9	97	8	11.6%	8.4%	5.4%	-18.8%	29.3%	80.4%
9	RIR RIR Power	₹176.77	1,407	173.3	97	8	11.6%	8.4%	—	—	29.3%	80.4%
10	539984 Hindusthan Insulators	₹2,801.35	1,361	47.5	492	128	33.9%	26.0%	24.3%	-250.0%	145.8%	228.8%
11	PROSTARM Prostarm Info	₹132.00	777	20.8	407	36	12.0%	8.8%	—	—	38.5%	150.5%
12	504132 Permanent Magnets	₹1,037.10	773	46.1	236	19	16.9%	8.2%	13.0%	34.3%	18.9%	-14.1%
13	MEIL Mangal Electrical	₹267.15	738	15.5	616	47	11.3%	7.6%	—	—	40.3%	101.5%
14	504028 GEE	₹126.95	645	35.0	393	19	9.4%	4.8%	10.6%	240.7%	29.9%	598.5%
15	517166 SPEL Semiconductor	₹232.80	637	—	4	-20	-30.9%	-443.5%	-20.2%	-13.3%	-95.9%	76.0%
16	504240 Delton Cables	₹505.55	624	22.7	1,116	19	6.8%	1.7%	39.1%	-28.2%	83.2%	146.5%
17	AEPL Artemis Electricals	₹17.50	439	51.5	77	9	16.1%	11.2%	29.0%	11.8%	-17.6%	-3.1%
18	542670 Artemis Electricals	₹14.73	370	43.3	77	9	16.1%	11.2%	11.4%	15.1%	-17.6%	-3.0%
19	504084 Kaycee Industries	₹1,697.60	257	113.5	61	5	12.7%	7.8%	12.9%	-15.1%	7.8%	-17.5%
20	504258 Lakshmi Electrical	₹1,512.45	198	326.7	251	1	0.4%	0.5%	11.9%	-65.7%	25.8%	-8.9%
21	540358 RMC Switchgears	₹186.44	197	—	—	—	—	—	—	—	-58.0%	-54.5%
22	542679 Dhanashree Electronics	₹65.10	175	25.0	112	4	-0.1%	3.3%	13.5%	6.3%	15.9%	-19.0%
23	539196 Amba Enterprises	₹216.55	142	31.1	401	9	3.0%	2.2%	15.8%	10.4%	12.6%	38.4%
24	504080 JSL Industries	₹1,936.75	97	68.5	59	3	7.2%	5.6%	5.2%	-49.0%	19.1%	7.0%
25	517370 Incap	₹62.54	44	94.8	32	0	3.9%	1.1%	-5.7%	-67.6%	65.8%	-288.2%

❓ Frequently asked questions

What was Incap Ltd's revenue in Q4 FY26?