Incred Holdings Limited

165 +0 (0%) 1Y
Price per Unit 165
Minimum no. of Units 165
Enter Units
Investment Amount 0
Stamp Duty (0.015 %) 0
Final Amount 0
Unlisted shares

Incred Holdings Limited

DRHP Status : Not Filed

165

Current Price 165
Market Cap 9948.17 Cr
ISIN INE732W01014
Face Value 10
P/E Ratio 32.16
EPS 4.82
P/B Ratio 2.94
Book Value 52.77
Debt to Equity Ratio 1.48
P&L Statement 2022 2023 2024
Interest Earned 488 866 1194
Other Income 36 -45 103
Interest Expended 219 356 453
Operating Expenses 263 273 442
Provisions and contingencies 0 0 -19
PAT 31 109 309
eps 1.61 1.83 4.81
Gross NPA 2.8 2.1 2.1
Net NPA 2.8 2.1 2.1
Financial Ratios 2022 2023 2024
Advances 3733 5405 7259
Book Value 57.83 42.81 52.77
P / B 3.03 4.09 3.13
ROE (%) 2.78 4.28 9.12
Assets 2022 2023 2024
Fixed Assets 39 50 54
Cash and Balances 85 393 168
Investments 81 70 613
Advances 3733 5405 7259
Other Assets 97 761 674
Total Assets 4035 6679 8768

 

Liabilities 2022 2023 2024
Share Capital 192.75 595.23 641.81
FV 10 10 10
Reserves 922 1953 2745
Borrowings 2816 3864 5017
Deposits 0 0 0
Other Liabilities 104.25 266.77 364.19
Total Liabilities 4035 6679 8768

 

 

documents
documents
Name Holding
KKR India Financial Investments Pte. Ltd 29.49%
B Singh Holdings 17.06%
Other Investors 44.35%
MNI Ventures 9.10%

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InCred Holdings Limited is a financial services company in India, primarily operating as a holding company for InCred Financial Services Limited (IFSL). It is known for its technology-driven approach to providing accessible financial solutions to individuals and businesses. 

InCred Holdings is not directly involved in lending but oversees the operations of its subsidiary, IFSL, which is the entity that interacts with borrowers. The company was formerly known as KKR Capital Markets India Limited.

Click here to visit the official website of Incred Holdings Limited.

 

Strengths:

  1. Strong Capitalization: As of September 30, 2024, InCred's net worth stood at ₹3,512 crore, with a comfortable capital adequacy ratio of 29.3%. This robust capitalization supports business growth and provides a buffer against potential losses. ​

  2. Diversified Loan Portfolio: InCred maintains a well-diversified loan book, reducing concentration risk. As of June 30, 2022, the portfolio included personal loans (35%), secured school financing (11%), student loans (12%), lending to NBFCs (11%), and anchor-backed business lines (18%). Such diversification helps mitigate risks associated with any single segment.

  3. Experienced Leadership Team: The company benefits from a seasoned management team with extensive experience in financial services. For instance, the Chief Risk Officer, Mr. Prithvi Chandrasekhar, has held positions at Capital One and McKinsey over a 25-year career, contributing to effective strategic planning and risk management.

  4. Technological Integration: InCred leverages advanced technology to optimize investment solutions and enhance client services, ensuring efficient and seamless operations. This technological focus allows the company to offer innovative financial products and maintain a competitive edge.​

Weaknesses:

  1. Moderate Earnings Profile: Despite improvements, InCred's return on managed assets (RoMA) was 3.2% (annualized) during the first half of fiscal 2025, compared to 3.6% in fiscal 2024. While this indicates a positive trend, the company continues to focus on enhancing profitability. \

  2. High Operating Expenses: The company's operating expenses remain elevated, primarily due to investments in technology and workforce expansion. For the nine months ended December 31, 2023, operating expenses were 4.9% (annualized) of average managed assets. Achieving greater operational efficiency is essential to improve profitability. 

  3. Asset Quality Concerns: The unsecured nature of a significant portion of InCred's loan portfolio poses inherent credit risks. As of September 30, 2024, the 90+ days past due (dpd) stood at 1.9%, with adjusted figures accounting for write-offs at 2.5%. Maintaining stringent credit assessment and monitoring processes is crucial to manage potential defaults. ​

  4. Limited Physical Presence: Operating primarily as an online platform, InCred may face challenges in attracting customers who prefer in-person banking services. In 2022, only about 21% of consumers in India used online lending services, indicating a significant portion still favors traditional banking methods. ​

  5. Intense Competition: The Indian fintech space is highly competitive, with over 2,000 startups vying for market share. This competition has led to declining margins, with average personal loan interest rates dropping to 10-12% in 2023, potentially impacting profitability.

FAQs

Incred Holdings Limited unlisted shares refer to equity in a privately held company offering credit and financial services, which is not listed on NSE or BSE. These shares are accessible via private-market platforms like UnlistedKraft.

Yes, UnlistedKraft provides verified access to Incred Holdings Limited unlisted shares. Once you complete your KYC and place your order, the shares are typically delivered to your demat account within 24 hours.

Unlisted investments carry risk, such as limited liquidity and less public disclosure. However, Incred Holdings has established operations in credit services, and investing via UnlistedKraft ensures secure, verified, and transparent transactions.

The price is based on recent private transactions, company performance, valuation metrics, and market demand. UnlistedKraft updates pricing regularly to ensure fair and accurate valuation.

Yes, an active demat account is required to receive and hold unlisted shares such as those of Incred Holdings Limited.

There is no mandatory holding period unless the company lists publicly. Investors often hold these shares until an IPO or strategic sale to realise potential long-term gains.

Yes, you can resell your shares through UnlistedKraft’s resale network, subject to buyer demand and prevailing market conditions.

Yes. As per SEBI regulations, pre‑IPO investors must observe a six‑month lock-in period once the company gets listed.

If held for more than two years, long-term capital gains are taxed at 20 percent with indexation. If sold within two years, gains are categorised as short-term and taxed per your income tax slab.

UnlistedKraft offers verified access to companies like Incred Holdings Limited, backed by expert support, transparent pricing, secure transactions, and prompt credit of shares to your demat account, making it a reliable platform for unlisted investing.
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