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InCred Capital Financial Services ₹4,850 ▲ 0.0% 1M
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InCred Capital Financial Services Unlisted Shares

Financial Services Investment banking and asset management

InCred Capital Financial Services is a Mumbai-based investment banking and asset management group. For FY26 its consolidated revenue from operations was ₹1,452.83 crore.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹4,850 ▲ 0.00% in 1 month
Dealer quotes: ₹4,580 – ₹4,850 across 2 dealers
Key facts

InCred Capital Financial Services share details

Lot size
50 shares
Min. investment
₹242,500
Face value
₹10
Implied market cap
₹7,641 Cr
Shares outstanding
15,753,904
Founded
1996
Headquarters
Mumbai, Maharashtra
Website
incredcapital.com
ISIN
INE01WI01014
CIN
U67120MH1996PTC355036
Lock-in after IPO
6 months
Price history

InCred Capital Financial Services share price chart

1Y change
+0.00%
High
₹4,850
Low
₹4,850

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About InCred Capital Financial Services

InCred Capital Financial Services Limited is a Mumbai-based financial services company. Through its subsidiaries it serves corporate and institutional clients with asset management and investment banking platforms. It also deals in securities and commodities, gives structured finance advisory and sponsors schemes of Alternative Investment Funds. The company was incorporated in India on 27th March 1996 and is now a public limited company. The numbers below are consolidated and come from the FY26 annual report, where amounts are stated in lakh. Consolidated revenue from operations was ₹1,45,282.93 lakh in FY26, against ₹68,678.83 lakh in FY25. Consolidated profit after tax was ₹4,094.66 lakh, against ₹11,217.53 lakh a year earlier. Profit fell even though revenue more than doubled. The FY26 figure includes an exceptional item of ₹5,968.00 lakh, and it also includes ₹52,700.00 lakh of commodity purchases. The company put ₹325 crore into its NBFC arm during the year, aimed at growing its Loan Against Shares book. At 31 March 2026 consolidated total assets were ₹3,03,103.35 lakh and total equity was ₹1,12,117.81 lakh. The company does not pay dividends and has not recommended one on its equity shares. Promoter Bhupinder Singh held 54,27,477 equity shares, or 36.38%, at 31 March 2026. Paragon Partners Growth Fund-I held 8,07,408 shares, or 5.41%. The paid-up equity was 1,49,20,571 shares of ₹10 each. A Composite Scheme of Arrangement was implemented on September 01, 2026, which changed the capital structure. The company has not filed a DRHP with SEBI as per our records, so no IPO date or price is known. Unlisted shares of a company like this are dealt off-market between private buyers and sellers. The indicative price on IPO Guru is ₹4,850 per share as on 2026-10-13, which implies a market cap of about ₹7,640.64 crore. This is an indicative figure and not an exchange price.

Strengths

  • Consolidated revenue from operations rose to ₹1,45,282.93 lakh in FY26 from ₹68,678.83 lakh in FY25.
  • Consolidated total equity rose to ₹1,12,117.81 lakh at 31 March 2026 from ₹88,842.51 lakh a year earlier.
  • The business spans asset management, investment banking, securities dealing and structured finance advisory, so income does not rest on a single line.
  • The company put ₹325 crore into its NBFC arm in FY26 to scale a Loan Against Shares portfolio.
  • The promoter holds 36.38% of the equity shares and the board has four non-executive directors, two independent directors and a whole-time director.

Risks

  • Consolidated profit after tax fell to ₹4,094.66 lakh in FY26 from ₹11,217.53 lakh in FY25 even though revenue grew.
  • FY26 consolidated profit includes an exceptional item of ₹5,968.00 lakh, so results can swing between years.
  • Consolidated net cash flow from operating activities was negative at ₹19,931.73 lakh in FY26 and ₹30,455.30 lakh in FY25.
  • Consolidated non-current borrowings were ₹57,090.20 lakh and current borrowings ₹52,050.12 lakh at 31 March 2026, so the group relies on debt funding.
  • Capital market and investment banking income depends on market conditions and deal flow, which can change quickly.
  • FY26 consolidated expenses include ₹52,700.00 lakh of commodity purchases, a line that was nil in FY25 and may not repeat.
  • Income tax matters under appeal or litigation stood at ₹2,334.60 lakh as a contingent liability in the standalone accounts.
  • Unlisted shares trade off-market with indicative prices and low liquidity, and the company has no confirmed IPO plan on record.
Financials

InCred Capital Financial Services financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 1,453 687
PAT (₹ Cr) 41 112
PAT Margin (%) 2.82 16.33
RoNW (%) 3.65 12.63
EPS (₹) 29.01 87.34
Total Assets (₹ Cr) 3,031 2,318
Net Worth (₹ Cr) 1,121 888

Swipe the table sideways for earlier years →

Leadership

Management team

Vikram Agarwal
Whole-Time Director
Whole-Time Director of the company since 4 December 2024.
Bhupinder Singh
Non-Executive Director
Promoter and the largest shareholder of the company.
Prince Kumar Gupta
Chief Financial Officer
Chief Financial Officer since 4 December 2024.
Kunal Sharma
Company Secretary
Company Secretary since 1 October 2024.
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FAQs

InCred Capital Financial Services unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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