Incap Ltd Stock Price Today (NSE: INCAP)
Fundamental Score
Incap Ltd Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Incap Ltd share price today is ₹77.97, up +2.08% on NSE/BSE as of 30 March 2026. Incap Ltd (INCAP) is a Small-cap company in the Other Electrical Equipment sector with a market capitalisation of ₹42.58 (Cr). The 52-week high for INCAP share price is ₹160.99 and the 52-week low is ₹64.00. At a P/E ratio of 47.84x, INCAP is currently trading above its industry average P/E of 33.84x. The company has a Return on Equity (ROE) of 4.95% and a debt-to-equity ratio of 0.29.
Incap Ltd Share Price Chart — NSE/BSE Historical Performance
Returns & Performance
ROE
ROCE
OPM (5Y)
Div Yield
Incap Ltd Valuation Check
P/E Ratio
Industry P/E
Market Cap
Growth Engine
Profit Growth (Q)
Sales Growth (Q)
Sales Growth (5Y)
EPS Growth (5Y)
Profit Growth (5Y)
Balance Sheet Health
Debt to Equity
Int. Coverage
Free Cash Flow (5Y)
Shareholding
Promoter
FII
DII
Pledged
Institutional Deep-Dive
Bull Run Research Hub
Incap Share Price: A Conservative Value Investor's Perspective
Assessing the intrinsic value and safety of an investment like Incap Ltd. requires a deep dive beyond just the current Incap share price of ₹73.760002. While the Other Electrical Equipment sector is currently experiencing a period of technological evolution and increased adoption of automation solutions, requiring nimble adaptation, a conservative value investor prioritizes capital preservation and sustainable profitability. This analysis is part of an 80-parameter fundamental audit, verified by Sweta Mishra, focusing on long-term value creation.
A key metric of concern is Incap Ltd's Price-to-Earnings (PE) ratio of 47.84. This suggests the market currently has high expectations for future earnings growth. However, from a value investing perspective, a high PE, compared to its sector peers such as
SUPREME POWER EQUI, warrants caution. While SUPREME POWER EQUI might exhibit a more conservative management approach in capital allocation, potentially prioritizing shareholder returns over aggressive expansion, Incap Ltd's strategy should be meticulously examined for its sustainability.The Return on Capital Employed (ROCE) of 7.61% is particularly crucial. A higher ROCE generally indicates efficient capital allocation and a stronger competitive advantage. At 7.61%, Incap's ROCE suggests a limited economic moat. A weak moat implies the company might be susceptible to competitive pressures, potentially impacting its future profitability and ability to sustain current earnings levels. Companies with strong moats have the pricing power to maintain healthy profit margins over time.
Ultimately, a conservative approach necessitates a thorough evaluation of Incap Ltd’s financial health, comparing it not only to peers like Power & Instrumentation Gujarat Ltd and Vikram Solar, but also against a longer historical performance benchmark. A margin of safety, achieved by purchasing the stock significantly below its calculated intrinsic value, becomes paramount to mitigate potential risks associated with a high PE ratio and a comparatively modest ROCE. This helps protecting the downside in the event the company fails to meet market expectations.
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Incap Ltd Fundamental Analysis & Valuation Benchmarking
Educational evaluation of INCAP across key market metrics for learning purposes.
Positive Indicators
3 factors identified
Conservative Debt Levels (D/E: 0.29)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Balanced Promoter Holding (66.91%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
9 factors identified
Below-Average Return on Equity (4.95%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Suboptimal ROCE (7.61%)
Observation: Returns on capital employed are below expectations.
Analysis: ROCE <10% suggests potential inefficiencies in capital allocation.
Margin Pressure Concerns (3.01%)
Observation: Operating margins are below industry standards.
Analysis: OPM <5% may indicate pricing pressures or cost management challenges.
Premium Valuation Risk (P/E: 47.84x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Profit Decline Concern (-51.11%)
Observation: Significant year-over-year profit contraction observed.
Analysis: Declining profitability requires investigation into underlying causes.
Revenue Contraction (-12.13%)
Observation: Sales decline may indicate market challenges or competitive pressures.
Analysis: Negative revenue growth requires analysis of market conditions.
Limited Growth History (-2.61% CAGR)
Observation: Below-average 5-year sales growth trajectory.
Analysis: Low sales CAGR may indicate mature markets or limited growth opportunities.
Weak Interest Coverage (2.41x)
Observation: Limited ability to service debt obligations from earnings.
Analysis: Low interest coverage raises concerns about financial stability.
Negative Free Cash Flow (₹-14.70 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
Incap Ltd Financial Statements
Comprehensive financial data for Incap Ltd including income statement, balance sheet and cash flow
About INCAP (Incap Ltd)
Incap Ltd is a specialized engineering firm focusing on the design, production, and distribution of critical components for electrical infrastructure. Unlike mass-market electrical... goods, Incap Ltd carves a niche by delivering high-performance, durable solutions for specialized applications. They concentrate on the often-unseen yet vital elements that ensure the safe and efficient transmission and distribution of electrical power. Their products range from robust insulators designed to withstand extreme environmental conditions to custom-engineered hardware that supports and protects vital conductors. Incap Ltd prides itself on precision manufacturing, utilizing advanced materials and rigorous testing protocols to guarantee reliability and longevity in demanding operating environments. They are committed to innovation and collaboration, continually refining their product offerings to meet the evolving needs of the electrical industry. The company distinguishes itself through its dedication to quality and bespoke engineering. Incap Ltd understands that electrical infrastructure projects often require customized solutions, and they work closely with clients to develop products tailored to specific project requirements. This approach involves a deep understanding of electrical engineering principles, material science, and the unique challenges faced by their customers. From high-voltage substations to remote power grids, Incap Ltd delivers solutions that optimize performance and minimize downtime. Their emphasis on research and development allows them to stay at the forefront of technological advancements, incorporating new materials and manufacturing techniques to enhance the performance and lifespan of their products. This commitment extends to their environmental responsibility, as they actively seek sustainable practices in their manufacturing processes. In essence, Incap Ltd is more than just a manufacturer; it is a solutions provider dedicated to ensuring the integrity and reliability of electrical networks. Their focus on specialized applications, combined with a commitment to quality and innovation, positions them as a crucial partner for power utilities, infrastructure developers, and other organizations that rely on safe and efficient electricity transmission. With a strong emphasis on customer collaboration and a relentless pursuit of excellence, Incap Ltd continues to contribute to the advancement of electrical infrastructure around the globe, solidifying its reputation as a trusted name in specialized electrical equipment.
Company Details
Key Leadership
Corporate Events
Latest News
INCAP Share Price: Frequently Asked Questions
What is the current share price of Incap Ltd (INCAP)?
As of 30 Mar 2026, 12:05 pm IST, Incap Ltd share price is ₹77.97. The INCAP stock has a market capitalisation of ₹42.58 (Cr) on NSE/BSE.
Is INCAP share price Overvalued or Undervalued?
INCAP share price is currently trading at a P/E ratio of 47.84x, compared to the industry average of 33.84x. Based on this relative valuation, the Incap Ltd stock appears to be Overvalued against its sector peers.
What is the 52-week high and low of INCAP share price?
The 52-week high of INCAP share price is ₹160.99 and the 52-week low is ₹64.00. These values are updated daily from NSE/BSE price data.
What factors affect the Incap Ltd share price?
Key factors influencing INCAP share price include quarterly earnings growth (Sales Growth: -12.13%), raw material costs, government infrastructure spending, and institutional flows (FII/DII holding).
Is Incap Ltd a good stock for long-term investment?
Incap Ltd shows a 5-year Profit Growth of 12.70% and an ROE of 4.95%. Long-term investors should consider these fundamentals alongside the debt-to-equity ratio of 0.29 before investing in INCAP shares.
How does Incap Ltd compare with its industry peers?
Incap Ltd competes with major peers in the Other Electrical Equipment. Investors should compare INCAP share price P/E of 47.84x and ROE of 4.95% against the industry averages to determine competitive standing.
What is the P/E ratio of INCAP and what does it mean?
INCAP share price has a P/E ratio of 47.84x compared to the industry average of 33.84x. Investors pay ₹48 for every ₹1 of annual earnings.
How is INCAP performing according to Bull Run's analysis?
INCAP has a Bull Run fundamental score of 23.6/100, indicating concerns requiring careful analysis. This comprehensive rating is based on 15+ financial parameters.
What sector and industry does INCAP belong to?
INCAP operates in the Other Electrical Equipment industry. This classification helps understand the competitive landscape and sector-specific trends affecting Incap Ltd share price.
What is Return on Equity (ROE) and why is it important for INCAP?
INCAP has an ROE of 4.95%, which suggests challenges in generating returns from shareholders equity. ROE measures how efficiently Incap Ltd generates profits from shareholders capital.
How is INCAP debt-to-equity ratio and what does it indicate?
INCAP has a debt-to-equity ratio of 0.29, which indicates conservative financing with low financial risk.
What is INCAP dividend yield and is it a good dividend stock?
INCAP offers a dividend yield of 1.20%, meaning you receive ₹1.20 annual dividend for every ₹100 invested in Incap Ltd shares.
How has INCAP share price grown over the past 5 years?
INCAP has achieved 5-year growth rates of: Sales Growth -2.61%, Profit Growth 12.70%, and EPS Growth 12.70%.
What is the promoter holding in INCAP and why does it matter?
Promoters hold 66.91% of INCAP shares, with 0.00% pledged. High promoter holding often indicates strong management confidence in Incap Ltd.
What is INCAP market capitalisation category?
INCAP has a market capitalisation of ₹43 crores, placing it in the Small-cap category.
How volatile is INCAP stock?
INCAP has a beta of N/A. A beta > 1 suggests the Incap Ltd stock is more volatile than the market, while a beta < 1 suggests it is less volatile.
What is INCAP operating profit margin trend?
INCAP has a 5-year average Operating Profit Margin (OPM) of 3.01%, indicating the company's operational efficiency.
How is INCAP quarterly performance?
Recent quarterly performance shows Incap Ltd YoY Sales Growth of -12.13% and YoY Profit Growth of -51.11%.
What is the institutional holding pattern in INCAP?
INCAP has FII holding of 0.00% and DII holding of 0.00%. Significant institutional holding often suggests professional confidence in the Incap Ltd stock.