Incred Holdings Limited

₹2,100 - ₹3,500

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	202	Visit
★★★★☆	₹2,600	204	Visit
★★★★★☆	₹2,700	963	Visit
★★★★★☆	₹2,800	58	Visit
★★★★☆☆	₹2,900	443	Visit

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LTP:₹2,100

Min Qty:171

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LTP:₹2,600

Min Qty:55

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LTP:₹2,700

Min Qty:150

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LTP:₹2,800

Min Qty:537

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★★★★☆☆

LTP:₹2,900

Min Qty:753

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.

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	KKR India Financial Investments Pte. Ltd	33.7
	B Singh Holdings	18.4
	MNI Ventures	10.59
	others	37.31

Fundamentals

Quick Insights

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.

Market Cap₹10,714.19 Cr

PE Ratio34.70

EPS4.87

Dividend Yield0%

Book Value₹53.42

Debt/Equity1.06

Price/Book3.16

Industry PE0

Sales₹1,296.13 Cr

Profit After Tax₹309.04 Cr

ISININE732W01014

Sectorlending, investment management, and wealth management sectors

About Company

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.

InCred Holdings Limited is dedicated to providing investment advisory, investment management, and financial arrangement services. Additionally, the company acts as an Investment Manager and Sponsor to KKR India Debt Opportunities Fund II, further demonstrating its commitment to the financial services sector.

Platform	Last Traded Price	Min Quantity
★★★★☆	₹2,100	712	Visit
★★★★☆	₹2,600	985	Visit
★★★★★☆	₹2,700	599	Visit
★★★★★☆	₹2,800	267	Visit
★★★★☆☆	₹2,900	51	Visit

Quick Insights

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.

Market Cap₹10,714.19 Cr

PE Ratio34.70

EPS4.87

Dividend Yield0%

Book Value₹53.42

Debt/Equity1.06

Price/Book3.16

Industry PE0

Sales₹1,296.13 Cr

Profit After Tax₹309.04 Cr

ISININE732W01014

Sectorlending, investment management, and wealth management sectors

About Company

Strengths

Weaknesses

Annual Reports

FY 23-24 FY 22-23

Balance Sheet	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

Profit & Loss	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

Shareholding Pattern

Color	Shareholder	Holding
	KKR India Financial Investments Pte. Ltd	33.7
	B Singh Holdings	18.4
	MNI Ventures	10.59
	others	37.31

Board of Directors

Bhupinder Singhwhole time director & chief executive officer

Vivek Bansalwhole time director & chief executive officer

Rupa VoraIndependant Director

Karnam SekarIndependant Director

Debashish Dutta GuptaIndependant Director

Vivek Anand PSNon Executive Director

Gaurav TrehanNon Executive Director

Sanjay NayarNon Executive Director

Gajendra ThakurCompany Secretary & compliance officer

Senior Management

No senior management information available.