Incred Holdings Limited

Incred Holdings Limited

₹158 - ₹170
Altius Investech
★★★★☆
LTP:₹158
Min Qty:100
Altcase
★★★★★
LTP:₹159
Min Qty:100
Wealth Wisdom India
★★★★☆
LTP:₹159
Min Qty:100
Stockify
★★★★☆☆
LTP:₹160
Min Qty:100
Unlisted Zone
★★★★★☆
LTP:₹165
Min Qty:100
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 Ratio34.7
EPS₹4.87
Dividend Yield-
Book Value₹53.42 Cr
Debt/Equity1.06
Price/Book3.16
Price/Sales-
Industry PE-
Sales₹1,296.13 Cr
Profit After Tax₹309.04 Cr
Share Capital₹641.82 Cr
Shares Outstanding-
ISININE732W01014
Sectorlending, investment management, and wealth management sectors
Symbol-
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.

Latest News
00 - 2/27/2025Read full article
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.
Annual Reports
FY FY
Balance SheetFY2024FY2023FY2022
Equity Capital641.82595.24192.76
Reserves2744.961952.56922.43
Total Equity3,386.772547.801115.19
Borrowings---
Provision56.5527.663.24
Other Non-Current Liabilities16.0520.6116.47
Total Non Financial Liabilities72.6048.2819.71
Borrowings4,047.262712.471750.65
Other Current Liabilities1,260.991370.261149.09
Total Financial Liabilities5,308.254082.732899.74
Equity + Liabilities8,767.626678.804034.65
Fixed Assets (incl. WIP)120.14113.0044.26
Other Non Current Assets491.91604.0951.51
Total Non Financial Assets612.04717.0995.77
Trade Receivables-0.021.08
Cash & Cash Equivalents168.21392.6884.97
Other Current Assets7,987.375569.013852.82
Total Financial Assets8,155.585961.713938.88
Total Assets8,767.626,678.804,034.65
Profit & LossFY2024FY2023FY2022
Revenue from Operations1,272.70865.65488.03
Growth %47.02%77.38%-
Operating Expenses404.53260.13246.46
Growth %55.51%5.55%-
Operating Profit868.17605.52241.57
Op. Profit Margin %68.22%69.95%49.50%
Other Income23.4315.0536.24
Finance Costs453.26356.02219.47
Depreciation18.7013.2712.28
Share of loss of associates-0.104.21
exceptional items20.1160.22-
Profit Before Tax399.54190.9641.86
Tax90.5081.9011.03
Tax %7.11%9.46%2.26%
Profit After Tax309.04109.0630.83
Growth %183.36%253.79%-
PAT %24.28%12.60%6.32%
Diluted EPS4.871.810.79
Shareholding Pattern
ColorShareholderHolding
KKR India Financial Investments Pte. Ltd33.70%
B Singh Holdings18.40%
MNI Ventures10.59%
others37.31%
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.

FAQs – Buying Unlisted Shares

What are unlisted shares?+
Unlisted shares are stocks of companies that are not listed on any stock exchange like NSE or BSE. They are traded in the over-the-counter (OTC) market through dealers, brokers, and private transactions.
How is the price of an unlisted share decided?+
Unlike listed shares, there’s no central marketplace or live order book. Prices are based on demand and supply, dealer quotes, and recent transaction trends. This leads to price fragmentation — different dealers can quote very different prices for the same stock.
Why should I compare prices before buying?+
Because the same share can be available at a 5–20% price difference depending on the dealer. Not comparing means you could be paying a premium for no reason — directly impacting your returns.
Is buying unlisted shares risky?+
Yes, like any investment, unlisted shares carry risks — including liquidity risk (harder to sell), company performance risk, and price transparency issues. Comparing prices helps reduce one avoidable risk — overpaying.
How can I know if the price I’m getting is fair?+
You can check recent transaction prices, ask multiple dealers, and soon — use our price comparison platform to instantly see live market quotes.
What documents are required to buy unlisted shares?+
Typically: PAN Card Demat Account details KYC documents (address proof, ID proof)
How do I sell unlisted shares?+
You can sell them via a dealer, private buyer, or once the company gets listed on a stock exchange. Having access to multiple dealer quotes helps you get the best selling price.
Can dealers lose business if they don’t offer the best price?+
Absolutely. If an investor finds a better price elsewhere, they’ll switch — often for good. That’s why transparent pricing protects both investors and dealers.
How soon will I receive the shares after purchase?+
Usually within T+2 to T+7 days after payment and documentation, depending on the dealer and the company’s transfer process.
Do I need to be an accredited investor to buy unlisted shares?+
No, but you must meet the regulatory requirements under SEBI guidelines and have a valid Demat account.