Inkel Limited

Inkel Limited

Infrastructure Unlisted Active
INE308U01017 Est. 2007 Website
Current Price 24 Aug 2026
₹22.00

Min lot: 1,000 shares

Market Cap ₹391 Cr
P/E Ratio 15.4x
EPS ₹1.13
Face Value ₹10.00
Book Value ₹25.66
P/B Ratio 0.86x
Min Lot 1,000 sh.
Total Debt ₹97 Cr

Price Trend

Period Change
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Prices shown are indicative unlisted-market bid prices, updated periodically.

About Inkel Limited

INKEL is short for Infrastructures Kerala Limited, which tells you most of what the company does and where it does it.

It was set up in 2007 as a public private partnership promoted by the Government of Kerala, with private investors, NRIs and the general public putting in the rest. The state still holds around 29.6%. The whole structure exists to pull private money and professional expertise into infrastructure the government wants built.

The work is project management consultancy and EPC contracting, concept through to commissioning. Super speciality hospitals, roads, bridges, conservation work, institutional and industrial buildings. Clients are mostly Kerala government departments and agencies, the Department of Health and Family Welfare, the Department of Tourism, KSIDC, KIIFB, KSEB and the National Health Mission.

A renewable energy arm arrived in 2016. It began with solar street lighting along road projects and grew into rooftop and ground mounted solar EPC, feasibility studies, DPR preparation and O&M services. INKEL holds government accreditation to run renewable projects for local self government bodies and the Department of Co-operation.

There are joint ventures as well. INKEL-EKK Roads handles a state highway rehabilitation project across Kottayam and Thiruvananthapuram, and INKES Trade Centre covers commercial real estate. P. Rajeeve serves as Chairman and Dr. K. Ellangovan as Managing Director. FY24 brought revenue of around ₹79 crore and profit after tax of about ₹16 crore.

Financial Highlights

All figures are in Crores (₹)

FY21FY22FY23FY24FY25 YOY %CAGR %
Net Sales112.692.982.697.6113.7+16.5%+0.2%
Other Income12.910.118.417.510.2-41.9%-5.8%
Total Income125.5103.0101.0115.1123.9+7.6%-0.3%
Operating Profit56.131.433.657.155.5-2.8%-0.3%
Interest16.513.712.313.818.6+34.9%+3.1%
Depreciation3.102.503.203.402.54-25.3%-4.9%
Total Expenditure88.987.882.975.289.5+19.1%+0.2%
Exceptional Income0.000.000.000.000.00
PBT36.615.218.139.934.3-13.9%-1.6%
TAX6.207.203.409.609.08-5.4%+10.0%
PAT30.48.0014.730.325.4-16.0%-4.4%
EPS (₹)₹1.71₹0.45₹0.83₹1.52₹1.13-25.7%-9.8%
FY21FY22FY23FY24FY25 YOY %CAGR %
Shareholder Funds208.4212.5205.0215.9456.3+111.4%+21.6%
Total Debt174.9149.0132.8118.797.2-18.1%-13.7%
Current Liabilities29.534.239.845.2106.2+135.0%+37.8%
Non Current Liabilities54.264.574.285.489.0+4.2%+13.2%
Total Liabilities481.1468.2451.2453.9456.3+0.5%-1.3%
Current Assets48.556.465.275.4246.1+226.4%+50.1%
Non Current Assets120.5140.2162.4185.2210.3+13.5%+14.9%
Total Assets481.1468.2451.2453.9456.3+0.5%-1.3%
FY21FY22FY23FY24FY25 YOY %CAGR %
Cash Flow From Operating Activities9.8011.513.415.417.4+13.1%+15.5%
Cash Flow From Investing Activities-7.80-9.20-10.8-12.47.69+162.0%-0.4%
Cash Flow From Financing Activities-1.80-2.10-2.40-2.80-40.6-1,351.1%-118.0%
Free Cash Flow7.108.409.8011.27.65-31.7%+1.9%
FY21FY22FY23FY24FY25YOY %
ROE(%)14.603.807.2014.005.60-60.0%
ROCE(%)11.706.707.4012.6012.20-3.2%
ROA(%)6.301.703.306.705.60-16.4%
Current Ratio(x)1.601.601.601.702.30+35.3%
Debt / Equity(x)0.840.700.650.550.21-61.8%

No documents available yet.

Net Sales (in Cr.)

Total Income (in Cr.)

Net Profit (in Cr.)

Operating Profit (in Cr.)

Shareholder Funds (in Cr.)

Total Assets (in Cr.)

Operating Cash Flow (in Cr.)

Investing Cash Flow (in Cr.)

Financing Cash Flow (in Cr.)

Free Cash Flow (in Cr.)

Company Information

ISIN INE308U01017
Industry Infrastructure
Category Pre IPO
Incorporated 2007
Min Lot Size 1,000 shares
Demat Required Yes
ROFR Applicable No

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