BAJAJINDEF

Indef Manufacturing Limited

Indef Manufacturing Limited (BAJAJINDEF) financial statements and selected valuation metrics through 30 June 2026.

Industrials›Capital Goods›Industrial Manufacturing›Industrial Products

indef.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹201.18
Market cap
644 Cr
Stock P/E
27.6
P/B
2.39
Dividend yield
1.0%
ROE (FY26)
8.7%
ROCE (FY26)
9.1%
Operating margin (FY26)
8.1%
OCF / EBITDA (FY26)
100.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Indef Manufacturing (Indef) makes material handling equipment, which is its only reportable business segment.

Company snapshot

54thBy market cap

Ranked among 69 companies in Industrial Products.

What we see

Positives
  • ✓Interest coverage of 44.3x — earnings comfortably cover interest obligations.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales45 Cr53 Cr40 Cr49 Cr51 Cr68 Cr34 Cr
Operating expenses (approx.)37 Cr42 Cr36 Cr43 Cr47 Cr59 Cr35 Cr
EBITDA7 Cr11 Cr4 Cr6 Cr4 Cr9 Cr-0.98 Cr
OPM %16.7%20.2%9.4%12.7%8.1%13.5%-2.8%
Other income3 Cr4 Cr5 Cr3 Cr5 Cr-4 Cr9 Cr
Interest0.10 Cr0.09 Cr0.10 Cr0.11 Cr0.08 Cr0.08 Cr0.10 Cr
Depreciation1 Cr1 Cr1 Cr1 Cr1 Cr2 Cr1 Cr
Profit before tax9 Cr14 Cr8 Cr7 Cr7 Cr2 Cr6 Cr
Tax %24.8%25.5%25.3%16.1%29.0%-204.0%12.7%
Net profit7 Cr10 Cr6 Cr6 Cr5 Cr7 Cr5 Cr
EPS (₹)₹2.19₹3.17₹1.77₹1.96₹1.53₹2.13₹1.72

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2025Mar 2026TTM
Sales179 Cr208 CrSign in free for the trailing twelve months
Operating expenses (approx.)148 Cr184 CrSign in free for the trailing twelve months
EBITDA31 Cr23 CrSign in free for the trailing twelve months
OPM %17.1%11.2%Sign in free for the trailing twelve months
Other income17 Cr8 CrSign in free for the trailing twelve months
Interest0.43 Cr0.38 CrSign in free for the trailing twelve months
Depreciation5 Cr6 CrSign in free for the trailing twelve months
Profit before tax42 Cr24 CrSign in free for the trailing twelve months
Tax %18.6%2.5%Sign in free for the trailing twelve months
Net profit34 Cr23 CrSign in free for the trailing twelve months
EPS (₹)₹10.68₹7.38Sign in free for the trailing twelve months
Dividend payout %0.0%27.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2025Mar 2026
Equity capital3 Cr3 Cr
Reserves250 Cr267 Cr
Borrowings——
Other liabilities48 Cr63 Cr
Total liabilities301 Cr332 Cr
Fixed assets (net)27 Cr31 Cr
CWIP2 Cr0.17 Cr
Investments199 Cr210 Cr
Inventories22 Cr32 Cr
Trade receivables32 Cr32 Cr
Cash & bank6 Cr6 Cr
Other assets14 Cr23 Cr
Total assets301 Cr332 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2025Mar 2026
Cash from operating activity5 Cr23 Cr
Cash from investing-10 Cr-14 Cr
Cash from financing-1 Cr-9 Cr
Net cash flow-7 Cr0.04 Cr
Free cash flow (OCF − Capex)-4 Cr18 Cr

Ratios

MetricMar 2025Mar 2026
ROCE %16.8%9.1%
ROE %13.5%8.7%
Debtor days6556
Inventory days85108
Days payable88113
Cash conversion cycle6250
OCF / EBITDA %15.7%100.1%
Debt / equity——
Current ratio1.931.34
Net debt / EBITDA-0.18-0.24