Dashboard
1
Weak Long Term Fundamental Strength as the company has not declared results in the last 6 months
- Poor long term growth as Operating profit has grown by an annual rate of -52.99%
2
Flat results in Mar 25
3
With ROE of 4.85%, it has a expensive valuation with a 1.82 Price to Book Value
4
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-13.48%
0%
-13.48%
6 Months
-18.52%
0%
-18.52%
1 Year
-2.53%
0%
-2.53%
2 Years
-34.19%
0%
-34.19%
3 Years
-21.83%
0%
-21.83%
4 Years
-64.6%
0%
-64.6%
5 Years
-77.87%
0%
-77.87%
INC SA (Poland) for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
-6.74%
EBIT Growth (5y)
-52.99%
EBIT to Interest (avg)
-0.05
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0.42
Tax Ratio
12.64%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
28.69%
ROE (avg)
15.91%
Valuation key factors
Factor
Value
P/E Ratio
25
Industry P/E
Price to Book Value
1.82
EV to EBIT
4.23
EV to EBITDA
2.23
EV to Capital Employed
-1.18
EV to Sales
0.79
PEG Ratio
0.24
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
4.85%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
Bearish
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bullish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY
Mar'25
Mar'24
Change(%)
Net Sales
2.70
1.00
170.00%
Operating Profit (PBDIT) excl Other Income
4.40
-2.30
291.30%
Interest
0.10
0.00
Exceptional Items
-0.10
-0.10
Consolidate Net Profit
3.20
-2.40
233.33%
Operating Profit Margin (Excl OI)
1,487.10%
-2,478.50%
396.56%
USD in Million.
Net Sales
YoY Growth in quarter ended Mar 2025 is 170.00% vs -16.67% in Mar 2024
Consolidated Net Profit
YoY Growth in quarter ended Mar 2025 is 233.33% vs -33.33% in Mar 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
7.00
4.90
42.86%
Operating Profit (PBDIT) excl Other Income
-5.70
-8.70
34.48%
Interest
0.20
0.20
Exceptional Items
-0.40
-0.30
-33.33%
Consolidate Net Profit
-6.40
-9.20
30.43%
Operating Profit Margin (Excl OI)
-959.50%
-2,028.40%
106.89%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 42.86% vs 36.11% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 30.43% vs 23.97% in Dec 2023
About INC SA (Poland) 
INC SA (Poland)
Miscellaneous
INC SA, formerly Investcon Group SA, is a Poland-based company that specializes in investments and advisory services related to raising funds for investment projects. It offers business and management consulting services, managing business activities, auxiliary financial services to businesses, financial mediation, training and education. The Company's service is directed to small and medium companies aiming at the NewConnect Market and at the Warsaw Stock Exchange. INC SA operates through subsidiaries and affiliates, such as Inwest Consulting SA, Inwest e-Finance Sp z o o, Investcon Fund Sp z o o, Dom Maklerski INC SA and e-Misja Sp z o o.
Company Coordinates 
Company Details
Ul. Krasinskiego 16 , POZNAN None : 60-830
Registrar Details






