Company Overview
Incredible Industries Limited (BSE: 538365, NSE: INCREDIBLE, CSE: 28188) filed its 47th Annual Report for FY 2025-26 and notice of AGM dated August 25, 2026, under SEBI Listing Regulations.
Financial Performance
Revenue from operations increased 11.1% to ₹8,402.98 lakh in FY26 from ₹7,561.45 lakh in FY25. Profit Before Tax grew 25.5% to ₹1,661.14 lakh, though Profit After Tax declined 7.8% to ₹1,151.64 lakh due to higher tax expense of ₹509.50 lakh. Key financial ratios show debt-equity at 0.21, current ratio at 3.41, and net profit ratio at 1.37%.
Operational Highlights
The company enhanced rolling mill capacity from 170,000 MTPA to 222,000 MTPA and is progressing on backward integration through a Steel Melting Shop project with planned capacity of 256,000 MTPA, expected completion in FY 2026-27. The workforce stands at 190 employees with products including TMT Bars, Wire Rods, and construction materials.
Corporate Governance & AGM Details
The 47th AGM is scheduled for September 18, 2026, via video conferencing. Agenda includes adoption of financial statements, reappointment of director Sanjay Kaloya, appointment of M/s. Sudhir Kumar Jain & Associates as statutory auditors for 5 years at ₹6.5 lakh annual fee, and approval of material related party transactions with Adhunik Corporation Limited up to ₹800 crore for FY2026-27.
Regulatory Compliance & Disclosures
The company maintains compliance with SEBI regulations, though faces an ongoing adjudication order from May 2022 with ₹7 lakh penalty pending Supreme Court outcome. CSR expenditure was ₹20 lakh focused on education initiatives. The board recommended no dividend for FY26, retaining profits for business requirements.
Business Outlook
Indian steel industry continues growth momentum with 7.7% GDP growth and government support through PLI schemes. The company is focusing on backward integration and capacity expansion to capitalize on market opportunities while maintaining strong corporate governance standards.