Incred Holdings Unlisted Shares
About Incred Holdings Unlisted Shares
InCred Holdings Limited (IHL) is a leading financial services company in India, focused on providing accessible and technology-driven financial solutions. It is the holding company of InCred Financial Services Limited (IFSL), which operates across various lending segments. Through advanced analytics and digital innovation, InCred aims to simplify finance for individuals and businesses.
In 2023, IHL expanded its financial services by merging KKR India Financial Services Limited (KIFSL) with IFSL. The merged entity was rebranded as InCred Financial Services Limited and became a wholly-owned subsidiary of IHL, streamlining its ownership structure.
Business Divisions
- Personal Loans: Quick and flexible personal financing for medical, travel, or debt consolidation needs.
- Education Loans: Student financing solutions covering tuition fees, living expenses, and academic costs.
- Home Loans: Competitive mortgage offerings for aspiring homeowners.
- Small Business Loans: Custom financial solutions to support entrepreneurs and MSMEs.
Key Financial Insights
- Revenue Growth: Interest earned rose from ₹488 Cr (2022) to ₹1,194 Cr (2024), reflecting strong portfolio expansion.
- Profitability Surge: PAT surged 10x from ₹31 Cr (2022) to ₹309 Cr (2024), showcasing operational efficiency.
- Earnings Per Share: EPS increased from 1.61 (2022) to 4.81 (2024), indicating higher shareholder returns.
- Asset Expansion: Total assets grew from ₹4,035 Cr (2022) to ₹8,768 Cr (2024), highlighting business scale-up.
- Improved Loan Book: Advances rose from ₹3,733 Cr (2022) to ₹7,259 Cr (2024), reinforcing lending strength.
- Stable Asset Quality: Gross and Net NPA remained stable at 2.1% in 2024, ensuring strong credit discipline.
- Capital Strength: Share capital increased from ₹192.75 Cr (2022) to ₹641.81 Cr (2024), enhancing financial stability.
Pros
- Strong Growth: Rapid revenue and PAT growth indicate a robust financial trajectory and effective business expansion.
- Stable NPAs: Maintaining NPAs at 2.1% ensures strong risk management and loan book quality.
- Technological Edge: Advanced analytics and digital platforms enhance lending efficiency and customer experience.
Cons
- High Borrowings: Debt rose from ₹2,816 Cr (2022) to ₹5,017 Cr (2024), increasing financial leverage risks.
- Negative Other Income (2023): A ₹45 Cr loss in 2023 suggests volatility in non-core revenue streams.
- Declining Cash Reserves: Cash balances dropped from ₹393 Cr (2023) to ₹168 Cr (2024), impacting liquidity.
Key Details
| Share Name | Particulars |
|---|---|
| Incred Holdings Unlisted | 175.00 |
| Shares Price | Per Equity Share |
| Lot Size | 250 Shares |
| 52 Week High | ₹178 |
| 52 Week Low | ₹158 |
| Depository | NSDL & CDSL |
| PAN Number | AAECK1977B |
| ISIN Number | INE732W01014 |
| CIN | U67190MH2011PLC211738 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 11,231.81 |
| P/E Ratio | 36.38 |
| P/B Ratio | 3.31 |
| Debt to Equity | 1.48 |
| ROE (%) | 9% |
| Book Value | 52.92 |
| EPS | 4.81 |
| Face Value | 10 |
| Total Shares | 641,817,562 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest Earned | 1194 | 866 | 488 |
| Other Income | 103 | -45 | 36 |
| Interest Expended | 453 | 356 | 219 |
| Operating Expenses | 442 | 273 | 263 |
| Provisions and Contingencies | -19 | 0 | 0 |
| PAT | 309 | 109 | 31 |
| EPS | 4.81 | 1.83 | 1.61 |
| Gross NPA (%) | 2.1 | 2.1 | 2.8 |
| Net NPA (%) | 2.1 | 2.1 | 2.8 |
| Financial Ratios | FY24 | FY23 |
|---|---|---|
| Operating Margin | 69% | 70% |
| Net Profit Margin | 24% | 13% |
| Return on Equity | 9% | 4% |
| Debt-Equity | 1.2 | 1.06 |
| Current Ratio | ||
| Dividend Payout | 0% | 0% |
| Company | Incred Holdings | Sundaram Finance | Max Financial Services |
|---|---|---|---|
| Market Cap (₹ Crores) | 10,397 | 49,354 | 37,657 |
| Profitability Margin (%) | 24% | 25% | 1% |
| ROCE (%) | 10% | 9% | 10% |
| ROE (%) | 9% | 14% | 9% |
| D/E Ratio | 1.2 | 4.5 | 0.1 |
| P/E Ratio | 33.26 | 30.2 | 149 |
| P/B Ratio | 3.07 | 3.94 | 7.29 |
| Book Value per Share (₹) | 52.77 | 1126 | 150 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 54 | 50 | 39 |
| Cash and Balances | 168 | 393 | 85 |
| Investments | 613 | 70 | 81 |
| Advances | 7259 | 5405 | 3733 |
| Other Assets | 674 | 761 | 97 |
| Total Assets | 8768 | 6679 | 4035 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 641.81 | 595.23 | 192.75 |
| FV | 10 | 10 | 10 |
| Reserves | 2745 | 1953 | 922 |
| Borrowings | 5017 | 3864 | 2816 |
| Trade Payables | 0 | 0 | 0 |
| Other Liabilities | 364.19 | 266.77 | 104.25 |
| Total Liabilities | 8768 | 6679 | 4035 |
Promoters or Management
Frequently Asked Questions
InCred Holdings purchased Gold loan business of Trucap Finance ltd in a slump sale. The total consideration paid for this purchase by Incred was 330 crores.
By combining the original InCred Financial Services Limited (IFSL) with KKR India Financial Services Limited (KIFSL), InCred Holdings Limited (IHL) was able to successfully grow its financial services activities. After the merger, the new company—originally called KIFSL—became a wholly-owned subsidiary of IHL and changed its name to InCred Financial Services Limited. By bringing the original IFSL shareholders into compliance with IHL, this strategic move strengthened and streamlined the company’s ownership structure and brought the shareholder base together.
