Indef Manufacturing Ltd.
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ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from 62 to 34
CONS
- Recent results are weak - TTM profit is down 41.3% versus prior year
- A large part of profit comes from other income (34.1% of PBT)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHEL | 430.60 | 61.64 | 149937.65 | 0.33 | 376.71 | 182.70 | 7697.72 | 40.29 | 9.24 | 6.69 |
| INDOMIM | 1018.90 | 94.43 | 50382.66 | 0.58 | 2401.22 | — | 12187.42 | — | 24.48 | 33.36 |
| THERMAX | 3680.25 | 73.91 | 43852.50 | 0.54 | 21.79 | -85.61 | 2302.73 | 7.09 | 15.85 | 2.98 |
| HONAUT | 34514.05 | 55.37 | 30515.68 | 0.32 | 150.70 | 20.95 | 1204.40 | 1.80 | 17.04 | 14.32 |
| JYOTICNC | 987.95 | 69.84 | 22468.26 | 0.00 | 57.14 | -19.99 | 508.47 | 23.97 | 21.34 | 21.40 |
| INOXINDIA | 2245.75 | 80.12 | 20418.91 | 0.09 | 58.07 | -4.98 | 370.79 | 9.18 | 33.54 | 20.46 |
| AZAD | 2846.00 | 132.25 | 18379.96 | 0.00 | 35.16 | 19.46 | 172.60 | 25.90 | 12.04 | 37.29 |
| TRITURBINE | 569.10 | 53.80 | 18091.60 | 0.75 | 51.10 | -20.65 | 442.70 | 19.23 | 35.95 | 11.59 |
| TEGA | 1731.10 | 615.52 | 13005.36 | 0.12 | -108.25 | -406.36 | 1723.44 | 383.99 | 8.37 | 3.27 |
| LLOYDSENGG | 82.72 | 57.36 | 12830.19 | 0.30 | 68.23 | -77.28 | 527.15 | 142.92 | 17.99 | 15.04 |
| KRN | 1595.75 | 107.75 | 10445.54 | 0.00 | 32.90 | 164.84 | 252.32 | 118.87 | 16.06 | 19.44 |
| BAJAJINDEF | 232.45 | 31.68 | 743.84 | 0.86 | 5.48 | -3.01 | 34.46 | -13.21 | 9.32 | -2.84 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2023 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 43 | 45 | 53 | 40 | 49 | 51 | 68 | 34 | |
| 0 | 36 | 37 | 42 | 36 | 43 | 47 | 59 | 37 | |
| Operating Profit | 0 | 7 | 7 | 11 | 4 | 6 | 4 | 9 | -2 |
| OPM % | — | 15.90% | 16.70% | 20.16% | 9.37% | 12.74% | 8.10% | 13.48% | -7.21% |
| 0 | 6 | 3 | 4 | 5 | 3 | 4 | -5 | 9 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit before Tax | 0 | 11 | 9 | 14 | 8 | 7 | 7 | 2 | 6 |
| Tax % | — | -1.07% | 24.84% | 25.46% | 25.36% | 16.17% | 29.01% | -204.09% | 12.75% |
| Net Profit | 0 | 0 | 7 | 10 | 6 | 6 | 0 | 7 | 5 |
| 0.00 | 3.53 | 2.19 | 3.17 | 1.77 | 1.96 | 1.53 | 2.13 | 1.72 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| 179 | 208 | 202 | |
| 148 | 184 | 185 | |
| Operating Profit | 31 | 23 | 17 |
| OPM % | 17.12% | 11.20% | 8.43% |
| 17 | 8 | 11 | |
| Interest | 0 | 0 | 0 |
| Depreciation | 5 | 6 | 7 |
| Profit before Tax | 42 | 24 | 23 |
| Tax % | 18.57% | 2.48% | -2.29% |
| Net Profit | 34 | 23 | 23 |
| EPS | 10.68 | 7.38 | — |
| Dividend Payout % | 18.74% | 27.09% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- -34%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- Last Year:
- 9%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 3 | 3 |
| Minority Interest | 0 | -1 |
| 250 | 267 | |
| 3 | 3 | |
| Trade Payables | 23 | 33 |
| 23 | 27 | |
| Total Liabilities | 301 | 332 |
| 35 | 46 | |
| Capital Work in Progress | 2 | 0 |
| 199 | 210 | |
| 22 | 32 | |
| 32 | 32 | |
| Cash & Bank | 6 | 6 |
| 5 | 7 | |
| Total Assets | 301 | 332 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
| 5 | 24 | |
| Cash from Investing | -10 | -15 |
| Cash from Financing | -2 | -9 |
| -7 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2025 | Mar 2026 | |
|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-14 - Indef Manufacturing Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 12, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-12 - Indef Manufacturing Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 12, 2026
2026-08-12 - Indef Manufacturing Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-18 - Indef Manufacturing Limited has informed the Exchange about Copy of Newspaper Publication for 4th AGM
2026-07-17 - Indef Manufacturing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 12, 2026
2026-07-17 - Indef Manufacturing Limited has informed the Exchange about Copy of Newspaper Publication published today on July 17, 2026.
2026-07-06 - Indef Manufacturing Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-06-26 - Indef Manufacturing Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
2026-05-25 - Indef Manufacturing Limited has informed the Exchange that Record date for the purpose of Dividend & Meeting is 05-Aug-2026.
News
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Indef Manufacturing Ltd.
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