Price history

Indicative levels compiled by our team for information only — not a price feed, quote, or offer to deal. Data through 20 Jul 2026.

P/E ratio
14.81
52W high
₹ 22
52W low
₹ 19
Market cap (Cr)
₹ 356

Inkel Limited

₹21

Indicative

Min. investment₹21,000

Prices are indicative and for information only. Unlisted shares are illiquid and carry risk.

About Inkel Limited

Are you looking for a stable, government-backed investment in India's infrastructure growth story? INKEL Ltd is a unique Public-Private Partnership (PPP) initiative promoted by the Government of Kerala. It serves as a strategic platform bringing together government agencies, NRI investors, and the general public to develop world-class public infrastructure.

What Does INKEL Do?

INKEL provides end-to-end solutions, from concept development to project completion, across critical sectors. As a government-accredited Special Purpose Vehicle (SPV), INKEL is the executing arm for some of Kerala's largest and most vital projects.

1. Healthcare Infrastructure (Projects Worth ~₹3,000 Crore)

INKEL is the implementing agency for the Government of Kerala’s ‘Healthcare to the Poor’ mission. This prestigious status has placed INKEL at the helm of massive healthcare projects, including:

  • Cochin Cancer Hospital and Research Centre
  • Ernakulam, Thiruvananthapuram, and Wynad Medical Colleges
  • General Hospitals in Ernakulam, Punalur, Chirayinkeezhu, Kottayam, and more.

By executing these projects, INKEL has become the largest healthcare infrastructure implementation agency in the state.

2. Strategic Government Assignments (~₹400 Crore)

The Government of Kerala consistently trusts INKEL with critical infrastructure jobs, such as:

  • KINFRA Defence Park
  • Kerala State Coir Corporation Projects
  • KINFRA Mega Food Park
  • Musiris Heritage Project
  • KSIDC Life Science Park
  • Alappuzha Mobility Hub & Heritage Project

3. Renewable Energy Leadership

INKEL is a recognized "Government accredited agency" for implementing renewable energy concepts. Having executed solar projects totaling over 15 MWp, the company was honored with the Kerala State Renewable Energy Award 2021.

To accelerate growth, INKEL has formed a subsidiary, INKEL Renewable Energy (P) Ltd. , which is set to implement a 14 MW wind energy project for the Kerala State Electricity Board (KSEB).

4. Road Infrastructure

In a joint venture, INKEL successfully completed its first major PPP road project worth ₹161.48 Crores in May 2018—an impressive five months ahead of schedule. The project comes with a 15-year concession period, ensuring long-term revenue stability.

5. INKEL Business Park (IBP), Angamaly

INKEL's Business Park is a thriving commercial hub with 4.25 lakh square feet of constructed space across two towers. With Tower I fully occupied and Tower II leasing rapidly, the demand is clear.

Future Growth: Seeing this success, INKEL is planning 4 new towers at the Business Park over the next couple of years. Construction on the first new tower will begin within two months.

Why Invest in INKEL Ltd?

  • Government Backing: Promoted by the Government of Kerala, ensuring high credibility.
  • Diversified Portfolio: Exposure to Healthcare, Energy, Roads, and Commercial Real Estate.
  • Recurring Revenue: Long-term concessions in road projects and steady lease income from the Business Park.
  • High-Value Order Book: With thousands of crores in ongoing and upcoming government projects, the growth trajectory is strong.

Ready to Own a Piece of Kerala’s Infrastructure Future?

Buy Unlisted Shares of INKEL Ltd exclusively through Unlisted Network.

Be part of the company building the backbone of Kerala’s public infrastructure.

Key metrics

Market Cap (in cr.)
₹ 356
Lot Size
1000 Shares
P/E Ratio
14.81
52 Week High
₹ 22
P/B Ratio
1.45
52 Week Low
₹ 19
Debt to Equity
0.41
Depository
NSDL & CDSL
ROE (%)
10.18
PAN Number
AABCI6802J
Book Value
13.82
ISIN Number
INE308U01017
Face Value
10
CIN
U45209KL2007PLC020471
Total Shares
177814334
RTA
Integrated Registry Management Services

Financials

P&L Statement2022202320242025
Revenue928298114
Cost of Material Consumed28283317
Change in Inventory2.85-0.7510
Gross Margins69.5765.8566.3385.09
Employee Benefit Expenses7.638.1989
Other Expenses28231642
EBITDA25.5223.564046
OPM27.7428.7340.8240.35
Other Income1118188
Finance Cost14121419
D&A2.483.2232
EBIT23.0420.343744
EBIT Margins25.0424.837.7638.6
PBT15184033
PBT Margins16.321.9540.8228.95
Tax7.183.5699
PAT7.8214.443124
NPM8.517.6131.6321.05
EPS0.440.821.741.35

Shareholding pattern

  • Govt. Of Kerala22.78%
  • Shri. Yusuffali M A17.02%
  • Shri. Varghese Kurian7.59%
  • Bismi Holdings Limited6.19%
  • Dr. Mohamed Ali5.91%
  • Others40.51%

Promoters & management

NameDesignationExperienceLinkedin Profile
Shri P RajeeveChairman25+LinkedIn
Dr. K EllangovanMD11+LinkedIn

Frequently asked questions

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Inkel Limited

₹21

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