Incap Limited

BSE: 517370
Incap Limited - information technology in Andhra Pradesh, Andhra Pradesh, India. FY 2026 financials & compliance.
CIN L32101AP1990PLC011311 Incorporated 21 May 1990 ROC Vijayawada HQ Andhra Pradesh, Andhra Pradesh, India
Active Listed - BSE: 517370 Public Limited Company information technology
Data last updated
Market Cap
₹40.27 Cr
INCAP · BSE
Share Price
₹78.50
-0.52% today
Revenue
₹31.67 Cr
FY 2025-26 · -4.6% YoY
EBITDA
₹1.28 Cr
Margin 4.0%
Net Profit
₹0.36 Cr
FY 2025-26 · -55.0% YoY
P/E (TTM)
0.0x
P/B 0.8x
ROE
2.1%
ROCE 4.7%
Debt / Equity
0.19
Interest cover 50.0x

About Incap Limited

Data last updated:

Incap Limited is a public limited company based in Andhra Pradesh, Andhra Pradesh, India. It specialises in electronic components and equipment manufacturing, a part of the broader technology and IT services sector. Incorporated on 21 May 1990, the company has been in operation for over 36 years.

Registered with ROC Vijayawada under CIN L32101AP1990PLC011311. Listed on BSE: 517370.

Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.13 Cr. Formerly known as Incap Capacitor Limited. It is led by directors including Neelima Challagulla and Bhagavantha Rao Challagulla.

Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 1 – 58 Nidamanuruvijayawada Krishna, Andhra Pradesh, Andhra Pradesh, India – 521104.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹31.67 Cr, a decline of 5.69% compared to the previous year. The net worth stands at ₹16.05 Cr (down 1.17% YoY). Total assets are valued at ₹16.87 Cr (down 22.04% YoY).

The company has a workforce of approximately 68 employees as per the latest available data.

The company is associated with 2 brands - Incap Limited, Incap Ltd. As per MCA filings, the company has open charges of ₹38.8 Cr and satisfied charges of ₹2.81 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website incaplimited.com.

Company Details of Incap Limited
CIN L32101AP1990PLC011311
Registration Number 011311
Incorporation Date 21 May 1990
ROC Vijayawada
Listing Status Listed (BSE: 517370)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Neelima Challagulla Managing Director Bhagavantha Rao Challagulla Whole-Time Director Rakesh Challagulla Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    incaplimited.com
  • Social Media
    Locked
  • Registered Address
    1 – 58 Nidamanuruvijayawada Krishna, Andhra Pradesh, Andhra Pradesh, India – 521104
  • Industry
    Information Technology, Electronic Components & Equipment Manufacturing
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Financials, compliance, directors, charges, ownership and filings for Incap Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Incap

Incap operates two associated brands: Incap Limited and Incap Ltd. Each brand links to its own profile.

BrandDescriptionWebsite
Incap Limited
Manufacturing and supplying of electronic and electrical products in India.incaplimited.in
Incap Ltd
Limited information availableincapltd.com

Business Activity of Incap

The main business activities of Incap are manufacturing, trade and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
GTradeG1Wholesale TradingLocked
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activitiesLocked
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Business activity turnover details for Incap Limited

Turnover share and past changes in activity are in the company report.

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Auditor Details of Incap

Incap Limited is audited by K ANURADHA & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
K ANURADHA & ASSOCIATESLockedLockedLocked
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Complete auditor history for Incap Limited

Appointment and cessation dates and past auditor changes are in the company report.

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Board of Directors of Incap Limited

Incap has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Neelima Challagulla
Also directs: Greenz Projects Private Limited
Managing Director25 Jul 200917 Years 2 MonthsCurrent
Bhagavantha Rao Challagulla
Also directs: Greenz Projects Private Limited
Whole-Time Director21 May 199036 Years 4 MonthsCurrent
Rakesh ChallagullaDirector25 May 20242 Years 4 MonthsCurrent
Ramrao PaturuDirector16 Dec 199134 Years 9 MonthsCurrent
Himabindu Pamulapati
Also directs: Liquinox Gases Private Limited, SS Indus Solar Energy Private Limited
Director17 Jun 201313 Years 3 MonthsCurrent
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Financials of Incap Limited FY 2025-26 filings available

Incap Limited reported revenue of ₹31.67 Cr (down 5.69% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹31.67 Cr
-5.7% YoY
EBITDA
₹1.28 Cr
-26.0% YoY
Profit After Tax
₹0.36 Cr
-55.0% YoY
Net Worth
₹16.05 Cr
-1.2% YoY
Total Assets
₹16.87 Cr
-22.0% YoY
Total Debt
₹0.82 Cr
-84.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue31.6733.5819.3621.0623.1620.9138.33
Revenue growth-4.6%+70.1%-9.0%-8.7%+8.3%-44.7%+93.7%
EBITDA1.281.730.630.480.630.110.73
EBITDA margin+4.0%+5.2%+3.3%+2.3%+2.7%+0.5%+1.9%
Profit before tax0.531.050.930.901.170.680.60
Net profit0.360.800.670.620.690.520.44
Net profit margin+1.1%+2.4%+3.5%+2.9%+3.0%+2.5%+1.2%
EPS (₹)0.661.561.301.291.561.140.86
Balance sheet
Total assets16.8721.6418.8217.1717.7017.3116.04
Net worth16.0516.2416.0715.9715.8215.4815.35
Total debt0.825.392.751.191.881.830.68
Cash & bank2.743.068.1312.6514.8417.8713.67
Net working capital7.6311.8613.3311.4212.1010.884.86
Cash flow
Cash from operations5.11(2.11)(6.06)(1.04)(3.83)2.8410.81
Cash from investing(0.01)(4.63)0.670.231.430.860.71
Cash from financing(4.76)1.670.87(1.38)(0.63)0.49(0.70)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5.428.197.286.239.974.9416.897.09
Revenue growth (YoY)-45.6%+65.8%-56.9%-12.1%+114.0%+24.8%+332.0%+7.1%
Other income0.00(0.03)0.130.030.000.190.000.00
Total expenses5.158.167.105.749.464.6716.436.47
EBITDA0.270.030.180.490.510.270.460.62
EBITDA margin+5.0%+0.4%+2.5%+7.9%+5.1%+5.5%+2.7%+8.7%
Depreciation0.090.130.130.170.080.110.090.09
Interest0.070.020.050.140.130.180.180.07
Profit before tax0.11(0.15)0.130.210.300.170.190.46
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 02 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue5.428.197.286.239.974.9416.897.09
Revenue growth (YoY)-45.6%+65.8%-56.9%-12.1%+114.0%+24.8%+332.0%+7.1%
Other income0.00(0.03)0.130.030.000.190.000.00
Total expenses5.158.167.105.749.464.6716.436.47
EBITDA0.270.030.180.490.510.270.460.62
EBITDA margin+5.0%+0.4%+2.5%+7.9%+5.1%+5.5%+2.7%+8.7%
Depreciation0.090.130.130.170.080.110.090.09
Interest0.070.020.050.140.130.180.180.07
Profit before tax0.11(0.15)0.130.210.300.170.190.46
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue31.6733.5819.3621.0623.1620.9138.33
Revenue growth-4.6%+70.1%-9.0%-8.7%+8.3%-44.7%+93.7%
Other income0.140.190.881.021.181.220.89
Total expenses30.3931.8518.7320.5822.5320.8037.60
Employee cost1.882.011.951.911.861.771.97
EBITDA1.281.730.630.480.630.110.73
EBITDA margin+4.0%+5.2%+3.3%+2.3%+2.7%+0.5%+1.9%
Depreciation0.500.380.380.390.440.470.46
Interest0.390.490.200.210.200.180.56
Profit before tax0.531.050.930.901.170.680.60
Tax0.170.250.250.230.360.090.16
Net profit0.360.800.670.620.690.520.44
Net profit margin+1.1%+2.4%+3.5%+2.9%+3.0%+2.5%+1.2%
EPS (₹)0.661.561.301.291.561.140.86
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital5.135.135.135.135.135.135.13
Reserves & surplus10.9211.1110.9410.8410.6910.3510.22
Shareholders' funds (net worth)16.0516.2416.0715.9715.8215.4815.35
Secured loans0.000.000.000.000.000.000.00
Unsecured loans0.825.392.751.191.881.830.68
Total debt0.825.392.751.191.881.830.68
Total liabilities16.8721.6418.8217.1717.7017.3116.04
Assets
Gross block20.0120.3916.1117.6417.4816.5418.17
Net block6.857.333.433.683.494.194.64
Capital work in progress0.000.000.000.000.000.000.00
Investments2.572.572.212.212.002.002.00
Inventories6.172.292.872.012.312.131.51
Sundry debtors7.4414.209.816.225.147.447.14
Cash & bank balances2.743.068.1312.6514.8417.8713.67
Loans & advances1.760.360.851.181.172.241.58
Total current assets18.1119.9121.6622.0623.4629.6823.90
Total current liabilities10.488.058.3310.6411.3618.8019.04
Net working capital7.6311.8613.3311.4212.1010.884.86
Total assets16.8721.6418.8217.1717.7017.3116.04
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.068.1312.6514.8417.8713.672.85
Net cash from operating activities5.11(2.11)(6.06)(1.04)(3.83)2.8410.81
Net cash from investing activities(0.01)(4.63)0.670.231.430.860.71
Net cash from financing activities(4.76)1.670.87(1.38)(0.63)0.49(0.70)
Net change in cash0.35(5.07)(4.52)(2.19)(3.02)4.1910.82
Closing cash2.743.068.1312.6514.8417.8713.67
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-5.7%+73.5%-8.1%-9.1%+10.8%-45.5%+86.3%
EBITDA growth-26.0%+174.6%+31.3%-23.8%+472.7%-84.9%-37.6%
PBT growth-49.5%+12.9%+3.3%-23.1%+72.1%+13.3%-56.5%
Net income growth-55.0%+19.4%+8.1%-10.1%+32.7%+18.2%-55.1%
Revenue CAGR (3Y)+14.6%+13.2%-2.5%-18.1%+4.0%-9.7%+10.3%
EBITDA CAGR (3Y)+38.7%+40.0%+78.9%-13.0%-18.6%-68.0%-42.8%
Profitability & leverage
Net income margin+1.1%+2.4%+3.5%+3.2%+3.5%+2.8%+1.2%
Return on capital employed+4.7%+7.6%+6.2%+6.3%+6.7%+4.6%+7.3%
Return on net worth+2.1%+5.0%+4.2%+4.2%+4.4%+3.3%+2.9%
Debt / equity0.190.250.120.100.120.080.05
Long-term debt / equity0.030.030.030.050.070.060.04
Interest cover50.0036.3080.00233.33105.26-50.00207.41
Efficiency & per share
Fixed asset turnover1.571.841.151.201.361.202.19
Inventory turnover7.4913.027.939.7510.4311.4915.94
Debtors turnover2.932.802.423.713.682.876.33
EPS (₹)0.661.561.301.291.561.140.86
Dividend per share (₹)1.001.001.001.001.001.000.00
Book value per share (₹)31.2831.6531.3131.1230.8330.1629.91
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You're viewing the latest exchange-filed financials for Incap Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Shareholding Pattern of Incap Limited

Shareholding for the quarter ended Mar 2026: promoters hold 66.90%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 33.10%.

Promoters: 66.90%Retail & Others: 33.10%
Mar 2026
QUARTER
66.90% Promoters
33.10% Retail & Others
Promoter holding - history
Now 66.90% · Mar 2026High 66.90% · Jun 2025Low 66.90% · Jun 2025
65%65.8%66.5%67.3%68%Jun 2025Sep 2025Dec 2025Mar 2026Jun 2025: 66.90%Sep 2025: 66.90%Dec 2025: 66.90%Mar 2026: 66.90%66.90%66.90%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025
Promoters66.90%66.90%66.90%66.90%
Public33.10%33.10%33.10%33.10%

Charges & Borrowings of Incap

Open charges
₹38.8 Cr
Satisfied charges
₹2.81 Cr
Breakdown by lending institutions
State Bank of India₹33.94 Cr
Industrial Development Bank of India₹3.24 Cr
Others₹1.12 Cr
Industrialfinance Corporation of India₹0.50 Cr
Latest charge details
DateLenderAmountStatus
28 Dec 2024Others₹1.12 CrOpen
16 Sep 2009State Bank of India₹2.36 CrOpen
22 Dec 2004State Bank of India₹6.27 CrOpen
05 Feb 2002State Bank of India₹6.3 CrOpen
07 Dec 2000State Bank of India₹6.3 CrOpen

Total charge records: 12 View all charges

Employees and EPFO Compliance at Incap

Incap Limited has a workforce of 68 employees as of Apr 06, 2024.

Employee count
68
Active EPFO establishments
1
Employee growth
-2.86%
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Employee and EPFO history for Incap Limited

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GST Compliance of Incap

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GST registrations and filing compliance for Incap Limited

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Credit Ratings, Litigation & Regulatory Alerts for Incap

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Credit ratings, litigation, and regulatory alerts for Incap Limited

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MSME Payment Delays by Incap

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MSME payment history for Incap Limited

Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.

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Subsidiaries & Group Companies of Incap

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Corporate group structure for Incap Limited

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MCA Filings & Documents of Incap

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MCA filings and documents for Incap Limited

Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.

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Recent Activity on Incap

Charges
27 Oct 2025
A charge with State Bank Of India of Rs. 6.27 Cr registered on 22 Dec 2004 with Charge ID 90259047 was modified on 27 Oct 2025.
Activity
27 Sep 2025
Incap Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Incap Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Vijayawada.
Charges
28 Dec 2024
A charge with Others amounted to Rs. 1.12 Cr with Charge ID 101034425 was registered on 28 Dec 2024.
Directors
25 May 2024
Rakesh Challagulla was appointed as a Director on 25 May 2024 & has been associated with this company since 2 years 4 months.
Directors
26 Sep 2020
Bhagavantha Rao Challagulla was appointed as a Cfo on 26 Sep 2020 & has been associated with this company since 6 years 6 days.

Frequently Asked Questions about Incap Limited

Incap is an active public limited company in the information technology sector based in Andhra Pradesh, Andhra Pradesh, India. It was incorporated on 21 May 1990 (36+ years old) and is registered under CIN L32101AP1990PLC011311. Listed on BSE: 517370. The company has 68 employees.

Incap reported revenue of ₹31.67 Cr for FY 2025-26 (down 5.69% YoY) based on standalone financials.

The current directors of Incap are:

The primary industry of Incap is information technology. The company specifically operates in electronic components and equipment manufacturing. The company is currently active in this sector.

Yes. Incap is listed on BSE with code 517370.

Incap can be reached at the registered office: 1 – 58 Nidamanuruvijayawada Krishna, Andhra Pradesh, Andhra Pradesh, India – 521104, or through the website incaplimited.com.

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