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Discovery themes featuring this stockBearish
4
Neutral
6
Bullish
4
Bearish
27
Neutral
6
Bullish
13
Bearish
23
Neutral
0
Bullish
9
Investor Presentation
Q4 FY26
Investor Presentation
Q3 FY26
Incon Engineers Limited is an India‑based engineering manufacturer focused on chemical process equipment, agricultural machinery, fluid energy (ultra‑fine) mills and cryogenic tanks, with historical turnkey project execution capabilities. The company positions itself as a specialist in low and sub‑micron grinding technology and has operated since 1970 under the Incon Engineers brand and its acquired Fluid Energy Systems capability.
Financially, FY2026 revenue rose to approximately Rs 2,747 lakhs from Rs 2,064 lakhs the prior year, implying meaningful top‑line expansion, but the company remained loss‑making with loss before tax around Rs 42.6 lakhs. Revenue growth contrasts with persistent negative profitability, indicating either margin pressure, cost increases, or one‑off items that prevented operating leverage from converting growth into profit.
The balance sheet and cash flows show constrained liquidity and a leveraged stance: the company reported negative other equity and total equity deficit, an increase in non‑current borrowings to Rs 102.40 lakhs, operating cash outflow of about Rs 15.5 lakhs, and modest investing outlays. Management financed the year largely through borrowings, producing a small net increase in cash and cash equivalents.
Operationally, Incon retains niche, defensible IP and product advantage in fluid energy mills and ultra‑fine grinding, with a legacy of technical collaborations and turnkey project delivery for gas and welding plants. That specialist capability creates product differentiation, though scale remains small relative to larger process equipment and EPC competitors, limiting bargaining power and pricing flexibility.
Key near‑term concern and opportunity: auditors and management affirmed accounting policies and conducted a going concern assessment, but persistent losses, negative equity and dependence on borrowings raise material business risks. Simultaneously, product demand in cryogenic tanks and ultra‑fine grinding presents tangible commercial upside if order visibility, margin improvement and working capital are addressed.
Industrial Manufacturing
Industrial Products
10 Cr
Low Risk
-18.3
44.5
—
—
37.04
11.06
Sales CAGR
Profit CAGR
ROE
ROCE
Upcoming Result Date: Nov 11, 2026
Incon Engineers Ltd (INCON) is currently trading at 21.95 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Incon Engineers Limited is an India‑based engineering manufacturer focused on chemical process equipment, agricultural machinery, fluid energy (ultra‑fine) mills and cryogenic tanks, with historical turnkey project execution capabilities. The company positions itself as a specialist in low and sub‑micron grinding technology and has operated since 1970 under the Incon Engineers brand and its acquired Fluid Energy Systems capability. Financially, FY2026 revenue rose to approximately Rs 2,747 lakhs from Rs 2,064 lakhs the prior year, implying meaningful top‑line expansion, but the company remained loss‑making with loss before tax around Rs 42.6 lakhs. Revenue growth contrasts with persistent negative profitability, indicating either margin pressure, cost increases, or one‑off items that prevented operating leverage from converting growth into profit. The balance sheet and cash flows show constrained liquidity and a leveraged stance: the company reported negative other equity and total equity deficit, an increase in non‑current borrowings to Rs 102.40 lakhs, operating cash outflow of about Rs 15.5 lakhs, and modest investing outlays. Management financed the year largely through borrowings, producing a small net increase in cash and cash equivalents. Operationally, Incon retains niche, defensible IP and product advantage in fluid energy mills and ultra‑fine grinding, with a legacy of technical collaborations and turnkey project delivery for gas and welding plants. That specialist capability creates product differentiation, though scale remains small relative to larger process equipment and EPC competitors, limiting bargaining power and pricing flexibility. Key near‑term concern and opportunity: auditors and management affirmed accounting policies and conducted a going concern assessment, but persistent losses, negative equity and dependence on borrowings raise material business risks. Simultaneously, product demand in cryogenic tanks and ultra‑fine grinding presents tangible commercial upside if order visibility, margin improvement and working capital are addressed.
Over the past 52 weeks, Incon Engineers Ltd has traded between a low of ₹11.06 and a high of ₹37.04. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Incon Engineers Ltd has a market capitalization of approximately 9.50. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Incon Engineers Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of -18.27 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 9.50 Cr, Incon Engineers Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Incon Engineers Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Incon Engineers Ltd is -18.27. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
| Symbol | Watchlist | Price | Market Cap | P/E | P/B | Div Yield (%) | ROE (%) | ROCE (%) | ROA (%) |
10.10 | 11 Cr | 6.55 | 1.02 | 0.00 | 15.57 | 8.21 | 2.26 | ||
19.42 | 10 Cr | 21.62 | 1.17 | 0.00 | 4.66 | 6.64 | 1.59 | ||
21.95 | 10 Cr | -18.27 | 0.00 | 0.00 | 54.77 | -124.81 | -94.55 | ||
0.61 | 9 Cr | 8.68 | 0.55 | 0.00 | 7.40 | 5.86 | 1.99 | ||
23.00 | 9 Cr | -3.77 | 0.00 | 0.00 | 8.45 | -22.51 | -22.70 | ||
26.75 | 9 Cr | -6.86 | 0.72 | 0.00 | -7.19 | -9.44 | -5.14 | ||
3.64 | 9 Cr | -1.49 | 0.11 | 0.00 | -7.10 | -2.92 | -3.73 | ||
| Median: 7 Co. | — | 19.42 | 9 Cr | -1.49 | 0.55 | 0.00 | 7.40 | -2.92 | -3.73 |
