INDO-MIM Ltd.

•

indo-mim.comBSE: -NSE: INDOMIM

Market Cap₹ 50,383 Cr.

Current Price

High / Low₹ 1,028 / 700

Stock P/E94.4

Book Value₹ 72

Price to Book14.19

Dividend Yield0.58 %

ROCE24.5 %

ROE21.3 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

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PROS

Company has a healthy return on capital (ROCE) of 20.9%
Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 16.3% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.65x)
Institutional investors have been accumulating - FII+DII up 7.6pp
Company generates healthy free cash flow

CONS

Promoter holding has decreased over last 2 years: -16.6pp
Company has delivered a poor profit growth of -0.7% over past five years
Recurring exceptional / one-off items are inflating headline profit
Operating margins have contracted to 25.5% from 29.1%
Expensive relative to growth - PEG of 19.4
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	430.60	61.64	149937.65	0.33	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1018.90	94.43	50382.66	0.58	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3680.25	73.91	43852.50	0.54	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34514.05	55.37	30515.68	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	987.95	69.84	22468.26	0.00	57.14	-19.99	508.47	23.97	21.34	21.40
6.	INOXINDIA	2245.75	80.12	20418.91	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2846.00	132.25	18379.96	0.00	35.16	19.46	172.60	25.90	12.04	37.29
8.	TRITURBINE	569.10	53.80	18091.60	0.75	511.00	693.48	4427.00	1092.30	35.95	11.59
9.	TEGA	1731.10	615.52	13005.36	0.12	-108.25	-406.36	1723.44	383.99	8.37	3.27
10.	LLOYDSENGG	82.72	57.36	12830.19	0.30	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KRN	1595.75	107.75	10445.54	0.00	32.90	164.84	252.32	118.87	16.06	19.44
12.	KENNAMET	4681.40	87.86	10288.89	0.00	31.50	11.31	267.30	12.55	18.99	17.51

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2025	Jun 2026
	1,114	12,187
	882	8,967
Operating Profit	232	3,221
OPM %	20.86%	26.43%
	13	32
Interest	46	266
Depreciation	49	579
Profit before Tax	245	3,253
Tax %	25.68%	26.18%
Net Profit	182	2,401
	3.78	4.96

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,152	1,400	1,549	1,975	2,503	2,693	2,870	3,330	4,193
	799	958	994	1,121	1,585	1,910	2,127	2,397	3,122
Operating Profit	353	442	555	854	918	783	743	933	1,071
OPM %	30.67%	31.57%	35.81%	43.23%	36.66%	29.06%	25.90%	28.01%	25.54%
	25	21	36	21	14	68	-46	-53	50
Interest	50	39	41	50	40	81	87	99	167
Depreciation	81	84	91	105	123	151	174	199	220
Profit before Tax	248	339	458	718	769	619	435	581	734
Tax %	37.80%	37.01%	21.76%	23.07%	22.28%	25.24%	34.80%	27.07%	27.28%
Net Profit	154	214	359	553	598	463	284	424	534
EPS	128.55	178.19	298.96	57.59	62.29	48.21	5.89	8.79	11.02
Dividend Payout %	48.62%	50.51%	24.25%	66.85%	20.79%	41.49%	131.66%	67.23%	0.00%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 16%
3 Years:: 16%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: -1%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: 24%
3 Years:: 18%
Last Year:: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	12	12	48	48	48	48	48	48
	721	776	1,027	1,258	1,612	1,952	2,002	2,145	2,758
	403	394	525	604	693	770	1,018	1,147	1,114
Trade Payables	98	99	103	138	184	213	201	224	200
	76	84	119	157	126	398	488	566	756
Total Liabilities	1,310	1,365	1,786	2,205	2,664	3,380	3,758	4,131	4,876
	707	733	786	975	1,164	1,422	1,692	1,748	2,172
Capital Work in Progress	0	0	8	0	15	192	147	170	132
	0	0	0	0	0	7	11	13	10
	223	223	279	352	478	600	677	899	895
	194	217	282	364	396	506	554	644	764
Cash & Bank	35	40	218	249	221	332	255	175	471
	152	152	214	265	390	322	422	482	434
Total Assets	1,310	1,365	1,786	2,205	2,664	3,380	3,758	4,131	4,876

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	146	111	328	551	462	606	382	391	999
Cash from Investing	-226	-110	-131	-247	-299	-398	-476	-336	-537
Cash from Financing	-50	-39	-156	-294	-177	-121	-93	-238	-356
	-76	5	83	60	27	86	-110	-68	185

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Aug 2015	Mar 2016	May 2017	May 2018	Aug 2019	Mar 2020	Mar 2021	Mar 2022	Jul 2026
	94.28	94.28	94.28	94.28	94.28	94.28	93.14	93.14	77.65
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.34
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.31
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	5.72	5.72	5.72	5.72	5.72	5.72	6.86	6.86	14.24

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - INDO-MIM Limited has informed the Exchange about Schedule of meet

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - INDO-MIM Limited has informed the Exchange about Schedule of meet

2026-08-31

General Updates

2026-08-31 - Inland letter to shareholders of INDO-MIM Limited in Compliance with Regulation 36(1)(b) of the Listing Regulations.

2026-08-30

Copy of Newspaper Publication

2026-08-30 - Newspaper adverisement for 30th Annual General Meeting to be held on September 22, 2026.

2026-08-29

Shareholders meeting

2026-08-29 - INDO-MIM Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 22, 2026

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Newspaper adverisement for 30th Annual General Meeting to be held on September 22, 2026.

2026-08-19

Copy of Newspaper Publication

2026-08-19 - INDO-MIM Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-17

Change in Auditors

2026-08-17 - INDO-MIM Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-17

Outcome of Board Meeting

2026-08-17 - INDO-MIM Limited has informed the Exchange regarding Outcome of Board Meeting held on August 17, 2026.

News

Recent coverage and analyst commentary for INDOMIM

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INDO-MIM Ltd.

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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

511.00

693.48

4427.00

1092.30

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

KENNAMET

4681.40

87.86

10288.89

0.00

31.50

11.31

267.30

12.55

18.99

17.51

Jun 2025

Jun 2026

1,114

12,187

882

8,967

Operating Profit

232

3,221

OPM %

20.86%

26.43%

Interest

266

Depreciation

579

Profit before Tax

245

3,253

Tax %

25.68%

26.18%

Net Profit

182

2,401

3.78

4.96

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,152

1,400

1,549

1,975

2,503

2,693

2,870

3,330

4,193

799

958

994

1,121

1,585

1,910

2,127

2,397

3,122

Operating Profit

353

442

555

854

918

783

743

933

1,071

OPM %

30.67%

31.57%

35.81%

43.23%

36.66%

29.06%

25.90%

28.01%

25.54%

-46

-53

Interest

167

Depreciation

105

123

151

174

199

220

Profit before Tax

248

339

458

718

769

619

435

581

734

Tax %

37.80%

37.01%

21.76%

23.07%

22.28%

25.24%

34.80%

27.07%

27.28%

Net Profit

154

214

359

553

598

463

284

424

534

EPS

128.55

178.19

298.96

57.59

62.29

48.21

5.89

8.79

11.02

Dividend Payout %

48.62%

50.51%

24.25%

66.85%

20.79%

41.49%

131.66%

67.23%

0.00%

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

721

776

1,027

1,258

1,612

1,952

2,002

2,145

2,758

403

394

525

604

693

770

1,018

1,147

1,114

Trade Payables

103

138

184

213

201

224

200

119

157

126

398

488

566

756

Total Liabilities

1,310

1,365

1,786

2,205

2,664

3,380

3,758

4,131

4,876

707

733

786

975

1,164

1,422

1,692

1,748

2,172

Capital Work in Progress

192

147

170

132

223

279

352

478

600

677

899

895

194

217

282

364

396

506

554

644

764

Cash & Bank

218

249

221

332

255

175

471

152

214

265

390

322

422

482

434

Total Assets

1,310

1,365

1,786

2,205

2,664

3,380

3,758

4,131

4,876

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

146

111

328

551

462

606

382

391

999

Cash from Investing

-226

-110

-131

-247

-299

-398

-476

-336

-537

Cash from Financing

-50

-39

-156

-294

-177

-121

-93

-238

-356

-76

-110

-68

185

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Aug 2015

Mar 2016

May 2017

May 2018

Aug 2019

Mar 2020

Mar 2021

Mar 2022

Jul 2026

94.28

93.14

77.65

0.00

2.34

0.00

5.31

Government

0.00

Public

5.72

6.86

14.24

INDO-MIM Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

INDO-MIM Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI