| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Incred Holdings Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Financial assets |
|
|
|
Cash and cash equivalents |
66,936.51 |
8,496.96 |
|
Bank balances other than cash and cash
equivalent |
17,234.70 |
8,323.96 |
|
Derivative financial instruments |
884.14 |
878.92 |
|
Trade receivables |
1,680.32 |
- |
|
Loans |
10,48,702.05 |
7,25,877.68 |
|
Investments |
51,512.40 |
61,267.07 |
|
Other financial assets |
12,128.82 |
10,712.97 |
|
Non-financial assets |
|
|
|
Current tax assets (Net) |
3,485.63 |
4,658.18 |
|
Deferred tax assets (Net) |
27,031.11 |
39,497.09 |
|
Property, plant and equipment |
5,506.57 |
5,031.34 |
|
Capital work-in-progress |
230.18 |
336.65 |
|
Goodwill |
6,645.58 |
6,645.58 |
|
Other intangible assets |
189.94 |
393.40 |
|
Other non-financial assets |
7,884.94 |
4,642.01 |
|
Total Assets |
12,50,052.89 |
8,76,761.81 |
|
Financial liabilities |
|
|
|
Derivative financial liabilities |
2,145.27 |
2,265.96 |
|
Trade Payables: |
|
|
|
Total outstanding dues of SME |
1.79 |
- |
|
Total outstanding dues of creditors other
than micro enterprises and small enterprises |
321.33 |
271.89 |
|
Debt securities |
1,77,599.55 |
96,989.55 |
|
Borrowings (other than debt securities) |
6,58,251.41 |
4,04,725.93 |
|
Other financial liabilities |
29,088.61 |
31,385.61 |
|
Non-financial liabilities |
|
|
|
Current tax liabilities (net) |
142.48 |
- |
|
Provisions |
1,067.20 |
840.56 |
|
Other non-financial liabilities |
1,108.70 |
1,605.01 |
|
Equity |
|
|
|
Equity share capital |
64,751.74 |
64,181.76 |
|
Other equity |
3,15,574.81 |
2,74,495.54 |
|
Total Equity and Liabilities |
12,50,052.89 |
8,76,761.81 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Interest income |
1,69,249.01 |
1,19,359.23 |
|
Dividend income |
49.90 |
50.10 |
|
Fees and commission income |
13,737.89 |
3,308.50 |
|
Net (loss)/gain on fair value changes |
2,453.76 |
1,333.79 |
|
Net gain on derecognition of financial
instruments under amortized cost category |
1,871.56 |
3,218.45 |
|
Other income |
2,014.91 |
2,343.00 |
|
Total Income |
1,89,377.03 |
1,29,613.07 |
|
Expenses |
|
|
|
Finance costs |
62,716.68 |
45,325.56 |
|
Net loss on derecognition of financial
instruments under amortized cost category |
- |
3,765.18 |
|
Impairment on financial instruments (net of
recoveries) |
18,777.71 |
(1,870.86) |
|
Employee benefit expenses |
33,931.01 |
26,458.46 |
|
Depreciation and amortization expenses |
1,832.41 |
1,869.92 |
|
Other expenses |
21,378.95 |
12,099.99 |
|
Total Expenses |
1,38,636.76 |
87,648.25 |
|
Profit/ (Loss) before exceptional items and
tax |
50,740.27 |
41,964.82 |
|
Exceptional Items |
- |
2,010.53 |
|
Profit/ (loss) before tax |
50,740.27 |
39,954.29 |
|
Current Tax |
860.55 |
755.40 |
|
Deferred Tax |
12,564.74 |
8,294.98 |
|
Profit/ (loss) for the year |
37,314.98 |
30,903.91 |
|
Other Comprehensive income |
|
|
|
Items that will
not be reclassified to profit and loss: |
|
|
|
Remeasurement
gain/(loss) of the defined benefit plans |
(64.57) |
(127.69) |
|
Income tax relating to items that will not
be reclassified to profit or loss |
16.26 |
32.21 |
|
Items that will be reclassified to profit
or loss: |
|
|
|
Debt instruments through other
comprehensive income |
(80.98) |
24.84 |
|
The effective portion of gains and loss on
hedging instruments in a cash flow hedge |
(766.48) |
(234.40) |
|
Income tax relating to items that will be
reclassified to profit or loss |
213.31 |
52.75 |
|
Total comprehensive income for the year |
36,632.52 |
30,651.62 |
|
Earning per equity share: |
|
|
|
Basic (Rs.) |
5.81 |
5.07 |
|
Diluted (Rs.) |
5.58 |
4.87 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Profit/(Loss) before tax |
50,740.27 |
39,954.29 |
|
Adjustments for: |
|
|
|
Depreciation and Amortization expenses |
1,832.41 |
1,869.92 |
|
Net (gain) on fair value changes |
(2,449.51) |
(1,334.48) |
|
Impairment of Goodwill |
- |
133.16 |
|
Net Loss/(gain) on derecognition of
financial instruments |
(1,871.56) |
546.73 |
|
Interest Income |
(1,69,249.01) |
(1,19,359.23) |
|
Finance Cost |
62,214.16 |
44,950.95 |
|
Impairment on financial instruments |
18,763.60 |
(2,382.57) |
|
Retirement Benefit expenses |
246.72 |
174.18 |
|
Share based payment to employees |
2,983.98 |
2,432.70 |
|
Provision for diminution on investment |
66.04 |
- |
|
Interest received on loans |
1,61,883.66 |
1,16,648.30 |
|
Interest paid on borrowings and debt |
(64,073.66) |
(44,709.39) |
|
Cash generated from operation before
working capital changes |
61,087.09 |
38,924.56 |
|
Working capital adjustments: |
|
|
|
Decrease / (Increase) in other trade
receivables |
(1,680.32) |
2.45 |
|
Decrease / (Increase) in loans |
(3,36,381.83) |
(1,82,970.06) |
|
Decrease / (Increase) in other
financial assets |
455.71 |
(3,306.42) |
|
Decrease /
(Increase) in other non-financial assets |
(3,242.93) |
2,354.42 |
|
(Decrease) /
Increase in other financial liabilities |
(1,654.54) |
5,937.18 |
|
(Decrease) /
Increase in trade payables |
51.23 |
99.44 |
|
(Decrease) /
Increase in provisions |
(84.65) |
2,586.52 |
|
(Decrease) /
Increase in other non-financial liabilities |
(496.31) |
(456.36) |
|
Net income tax (paid) / refunded |
371.98 |
(427.25) |
|
Net Cash flow generated / (used in)
Operating Activities |
(2,81,574.57) |
(1,37,255.52) |
|
Cash Flow from Investing Activities |
|
|
|
(Purchase) / Sale of property, plant
and equipment |
(2,086.52) |
(1,862.93) |
|
(Purchase) / Sale of intangibles
assets |
(17.67) |
(111.93) |
|
(Addition) / Deletion of Capital
work-in-progress |
106.47 |
(174.86) |
|
Decrease in Non-Controlling Interest |
(315.08) |
- |
|
Purchase of investments |
(16,62,716.24) |
(10,69,381.37) |
|
Proceeds from sale of investments |
16,76,253.53 |
10,21,085.69 |
|
Investment in term deposits |
(4,55,841.07) |
(1,90,240.61) |
|
Proceeds from maturity of term
deposits with banks |
4,46,930.33 |
1,86,712.08 |
|
Net Cash flow generated / (used in)
Investing Activities |
2,313.75 |
(53,973.94) |
|
Cash Flow from Financing Activities |
|
|
|
Issue of equity shares
(including securities premium) |
2,347.82 |
50,812.77 |
|
Payment of Lease
liability |
(845.92) |
(837.26) |
|
Proceeds of borrowings (other than debt
securities) |
4,82,843.12 |
2,57,899.24 |
|
Proceeds of
debt securities |
1,24,300.00 |
79,946.24 |
|
Repayment
of borrowings (other than debt securities) |
(2,22,482.42) |
(1,29,934.78) |
|
Redemption of
debt securities |
(41,435.38) |
(98,146.77) |
|
Net Cash flow generated / (used in)
Financing Activities |
3,44,727.21 |
1,59,739.44 |
|
Net increase/(decrease) in cash and cash
equivalents |
65,466.40 |
(31,490.02) |
|
Cash and cash equivalents at the beginning
of the year |
1,470.11 |
32,960.13 |
|
Cash and cash equivalents at the end of the
year |
66,936.51 |
1,470.11 |
Summary of the cash flow
statement for the year 2025 and 2024:
Cash Flow from Operating
Activities
During FY 2024-25, the
company reported a profit before tax of ₹50,740.27 lakhs, compared to
₹39,954.29 lakhs in FY 2023-24. After adjustments for depreciation, finance
costs, impairment, interest income, and other non-cash items, the cash
generated from operations before working capital changes stood at ₹61,087.09
lakhs (previous year ₹38,924.56 lakhs).
Cash Flow from Investing
Activities
The company incurred
outflows on purchase of property, plant, equipment, and intangible assets,
along with capital work-in-progress additions. Despite proceeds from sale of
investments and maturity of deposits, the year recorded a net inflow of
₹2,313.75 lakhs from investing activities, a sharp improvement from the outflow
of ₹(53,973.94) lakhs in FY 2023-24.
Cash Flow from Financing
Activities
On the financing side, the
company raised funds through issue of equity shares (₹2,347.82 lakhs) and
borrowings (₹42,834.12 lakhs). After repayments, redemption, and lease
liability payments, the net cash generated from financing activities
stood at ₹33,447.27 lakhs, lower than the ₹1,59,970.71 lakhs in
the previous year.
Net Change in Cash &
Cash Equivalents
Overall, the company
achieved a net increase in cash and cash equivalents of ₹65,466.40 lakhs
in FY 2024-25, reversing the previous year’s decline of ₹(31,490.02) lakhs.
Consequently, closing cash and cash equivalents stood at ₹66,936.51 lakhs,
compared to ₹1,470.11 lakhs at the end of FY 2023-24.
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Current Ratio |
19.26 |
1.50 |
|
Return on Equity
Ratio |
0.02% |
-0.18% |
|
Net profit ratio |
5.35% |
-118.98% |
|
Return on Capital
employed |
0.24% |
-0.59% |
|
Return on
investment |
4.56% |
13.20% |
Here is the
summary of financial ratios for the year ended 2024-25
Current Ratio
In
FY 2025, the current ratio stood at 19.26 compared to 1.50 in FY 2024. This
sharp improvement reflects a very strong liquidity position, as the company now
holds far more current assets than current liabilities. It shows that the
company is comfortably able to meet its short-term obligations.
Return on Equity (ROE)
The
return on equity turned positive at 0.02% in FY 2025 against -0.18% in FY 2024.
Although still very low, the shift indicates that the company has moved out of
losses and started generating returns for shareholders, driven largely by the
reduction in losses.
Net Profit Ratio
The
net profit ratio improved significantly to 5.35% in FY 2025 from a negative
-118.98% in FY 2024. This major turnaround highlights the company’s transition
from heavy losses to profitability, mainly due to a reduction in exceptional
and impairment expenses.
Return on Capital Employed (ROCE)
ROCE
increased to 0.24% in FY 2025 compared to -0.59% in FY 2024. Though the ratio
remains at a modest level, the shift from negative to positive indicates better
utilization of capital and improved operational efficiency due to reduced
losses.
Return on Investment (ROI)
The
return on investment declined to 4.56% in FY 2025 from 13.20% in FY 2024. This
drop was driven by lower fair value gains and a shift from higher-yield mutual
funds to more conservative, low-yield fixed deposits. It reflects a safer but
less profitable investment strategy.
