Incred Holdings Unlisted Shares
About The Company
Strong
Market Position
Consistent
YoY Growth
Experienced
Management
Key Indicators
A snapshot of Incred Holdings Unlisted Shares's financial health, valuation multiples and capital efficiency at a glance.
Pricing Trends
Financial Performance
| Indicators | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 1,893.8 | 1,296.1 | 880.7 | 524.2 |
| Expense | 740.9 | 404.5 | 260.1 | 196.7 |
| EBITDA | 1,152.9 | 891.6 | 620.6 | 327.5 |
| Other Cost | 645.5 | 492.1 | 429.6 | 285.7 |
| PBT | 507.4 | 399.5 | 191.0 | 41.8 |
| Tax Expense | 134.3 | 90.5 | 81.9 | 11.0 |
| PAT | 373.1 | 309.0 | 109.1 | 30.8 |
| Other Inc./Exp. | -6.8 | -2.5 | 0.0 | -0.8 |
| Net Income | 366.3 | 306.5 | 109.1 | 30.0 |
| Shares O/S | 64.75 | 64.20 | 59.50 | 19.30 |
| EPS (₹) | 5.81 | 5.10 | 1.90 | 0.80 |
| Rev. Growth % | 46.1% | 47.2% | 68.0% | — |
| EBITDA Mgn % | 60.9% | 68.8% | 70.5% | 62.5% |
| Net Mgn % | 19.3% | 23.6% | 12.4% | 5.7% |
| EPS Growth | 13.9% | 168.4% | 137.5% | — |
Registered Address
Management Team
Download Financial Results
In The News







Top Unlisted companies
Frequently Asked Questions
Still have questions?
Our expert team typically responds within 30 minutes during market hours.
Incred Holdings Unlisted Shares Unlisted Shares
About Incred Holdings Unlisted Shares
Formerly known as KKR Capital Markets Limited, this company was incorporated in 2011 and acquired by Incred in 2023. Incred Holdings acts as a Merchant Banker bearing registration no. INM000011880, and as an investment manager to certain alternative investment funds registered with SEBI.
Business Model of Incred Unlisted Shares
Incred Holdings leverages a mix of direct lending, asset and wealth management, and digital platforms to create a resilient and scalable financial services business, with dynamic revenue streams and broad market reach.
Key Business Segments
· Lending and NBFC Services: Through its main subsidiary, Incred Financial Services Limited (IFSL), the company offers consumer loans (including personal, education, and business loans), MSME financing, school infrastructure loans, and specialty loans for institutions and NBFCs.
· Wealth and Asset Management: The group provides institutional, wealth, and asset management services, designed for mass-affluent, retail, and high-net-worth clients. This includes portfolio management, investment banking, and access to bespoke products.
· Digital Investment Distribution: Incred Money is an integrated B2C and B2B2C platform for retail and mass-affluent segments, allowing streamlined digital access to investment products and financial advice using cutting-edge fintech solutions.
Incred Holdings Limited is the holding company of Incred Financial Limited
Incred Holdings operates under 2 entities:-
A) Incred Holdings Limited (the parent company)
B) Incred Financial Limited(Subsidiary Company)
InCred Financial Limited is a Non-Banking Finance Company (NBFC) offering different types of loans including:
Educational Loan:- InCred aims to aid current and future generations of Indians embark on their personal nation-building journeys - by removing the biggest hurdle our students face.
Business Loan:- These loans consist of merchant loans and supply chain finance to aid the emerging needs of Small and Medium Enterprises in India.
Personal Loans:- These are quick access to funds for personal purposes like medical or traveling etc.
Home Loans:- Incred offers competitive mortgage solutions to home buyers at flexible terms and conditions.
Incred Financial Limited directly engages with the borrowers and has an AA-/ Stable rating by CRISIL & IRCA.
Here are some achievements of Incred Finance

Incred Holdings Unlisted Shares Financial Analysis
Amount(In Rs Crores) | FY 21-22 | FY 22-23 | FY 23-24 | FY 24-25 |
Revenue from Operations | 524.2 | 880.7 | 1296.1 | 1893.8 |
EBITDA | 327.5 | 620.6 | 891.6 | 1152.9 |
EBITDA % | 62.5% | 70.5% | 68.8% | 60.9% |
Profit After Tax | 30.8 | 109.1 | 309.0 | 373.1 |
Earning Per Share(EPS) | 0.8 | 1.9 | 5.1 | 5.81 |
Assets Under Management(AUM) | 3,823 | 5,552 | 7,449 | 12,585 |
A) Revenue Growth
Revenue has more than doubled in just two years. There is strong and consistent revenue growth, nearly 46-47% YoY for two consecutive years. Indicating good business momentum.
This clearly reflects the growth of operations for Incred Holdings stock price.
B) EBITDA and EBITDA %
EBITDA is increasing every year, but the EBITDA margin (EBITDA as a % of revenue) is going down from 70.5% in FY 23 to 60.9% in FY 25. This means the company is earning more, but spending more to generate that revenue, possibly due to increased operating costs or pricing pressure. This can be a possible red flag for the Incred share price if the trend continues.
C) Assets Under Management
Incred Financial Services held assets worth Rs 3,823 crores in FY 21-22. This grew by 45% in FY 22-23 to Rs 5,552 crores. In FY 23-24, the assets further grew by 34% to Rs 7,449 crores. By FY 24-25 AUM reached Rs 12,585 crores. Thus reflecting a strong asset growth for Incred Holdings unlisted shares.
D) Earnings Per Share
EPS has more than tripled over two years, although growth is slowing in FY 2025. From 1.9 in FY 23 to 5.81 in FY 25. EPS is often used by analysts to value the stock. That generally reduces investor enthusiasm in the short term and might negative impact Incred unlisted share price.
Earnings per share and P/E Ratio effects Incred Holdings unlisted share price.
Thus based on the above financial observations, Incred Holdings Unlisted Shares can give significant investment growth to investors.
Incred Holdings Unlisted Share Price Analysis
Below is an analysis of Incred unlisted share price in last 3 years:

From early 2023, the incred unlisted share price was mostly steady around 100–120, indicating limited growth or significant stabilization during this period, which correlates with relatively modest revenue and earnings reported for FY 2022-2023.In November 23, incred holdings share price was trading at Rs109 per share.
Around mid-to-late 2023 and into early 2024, there is a noticeable spike in incred share price, climbing above 130 and then sharply rising to near 150. This matches the phase when the financial data shows strong growth in net revenue, EBITDA, and EPS, indicating investor optimism as the company's profitability improved.
Throughout 2024 and into 2025, periods of mild volatility are visible, with price swings within the 145-160 range reflecting typical market fluctuations, possibly due to short-term news.
Incred Holdings unlisted share price has grown stably in last 2 years. Overall, the chart illustrates that Incred unlisted share price responded positively to strong financial performance, moving upward with occasional periods of volatility and consolidation.
Currently, the incred holdings share price is trading at Rs 161 per share.
How To Apply For Incred Holdings Unlisted Shares Online?
Buying and selling unlisted shares can be complex if you’re not aware of the process correctly. If you’re considering buying Incred Holdings Unlisted Shares and need help with how to go about it, India’s best-unlisted shares broking platforms are here to help. There are many factors to consider before applying to unlisted shares, including EPS growth, KPI, EBITDA Margin, Profit & Loss summary, etc. The experts at Stockify will provide you with every valuable piece of information you need.
Check Incred Holdings unlisted share price today At Stockify
At Stockify, you get updated prices of Incred Holdings unlisted share price, and the Incred Holdings unlisted share price today is Rs.161 per share. Keeping oneself updated with the costs of unlisted shares makes buying and selling easy. Since our experts possess a tremendous knowledge of the grey market, they update the prices whenever they get changed.
So login and subscribe to our Finance Newsletter for regular stock updates.
Check Out Prices Of Other Unlisted Shares On Stockify
Are you interested in buying unlisted shares of other companies apart from the Incred holdings? If yes, Stockify brings you a vast list of leading companies offering unlisted shares for potential investors to earn something big. You can choose the company to invest in the stock from manufacturing to healthcare, education, and energy. The companies you will find on Stockify are the best unlisted shares in India to buy. Just scroll through our list and get the updates on any unlisted company you’re looking for. For more information, we’re always here; connect with us.
Reliance Retail, Pharmeasy, Chennai super kings, Anglo-French Drugs & Industries, Hexaware Technologies Ltd, Five Star Business Finance Ltd Unlisted Shares, Fincare Small Finance Bank Ltd Unlisted Shares, Arohan Financial Services Unlisted Shares, Utkarsh Coreinvest Ltd Unlisted Shares, Fino Paytech Ltd Unlisted Shares, Hero Fincorp Ltd Unlisted Shares, National Stock Exchange Ltd Nse Unlisted Shares, National Commodity Derivatives Exchange Ltd Ncdex Unlisted Shares, MetroPolitan Stock Exchange MSEI Unlisted Shares, Capital, Small Finance Bank Ltd Unlisted Shares, And Motilal Oswal Home Finance Ltd Unlisted Shares.








