INDO-MIM Ltd.

•

indo-mim.comBSE: -NSE: INDOMIM

Market Cap₹ 50,383 Cr.

Current Price

High / Low₹ 1,028 / 700

Stock P/E124.9

Book Value₹ 51

Price to Book20.03

Dividend Yield0.58 %

ROCE21.8 %

ROE23.2 %

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 22.7%
Company has a good return on equity (ROE) track record: 3 Years ROE 22.6%
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.30x)
Working capital cycle has improved - days down from 89 to 69
Company has a consistent dividend-paying track record

CONS

Promoter holding has decreased over last 2 years: -16.6pp
Company has delivered a poor profit growth of 5.7% over past five years
Operating margins have contracted to 30.7% from 36.3%
Recurring exceptional / one-off items are inflating headline profit
Growth is decelerating - 3Y profit CAGR (-5.5%) trails the 5Y trend (5.7%)

* 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

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2025	Jun 2026
	972	10,031
	744	7,051
Operating Profit	228	2,980
OPM %	23.48%	29.71%
	11	27
Interest	43	238
Depreciation	38	438
Profit before Tax	239	3,008
Tax %	24.44%	25.80%
Net Profit	181	2,232
	3.75	4.61

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	847	1,053	1,147	1,328	1,410	1,642	2,055	2,317	2,412	2,795
	569	731	767	909	926	933	1,310	1,603	1,731	1,936
Operating Profit	278	321	380	419	483	709	745	715	682	859
OPM %	32.86%	30.51%	33.15%	31.58%	34.29%	43.20%	36.27%	30.85%	28.25%	30.73%
	7	23	20	26	33	19	17	19	-50	-74
Interest	32	38	50	41	41	41	40	51	78	90
Depreciation	46	60	74	76	82	87	103	125	131	150
Profit before Tax	207	247	277	328	394	601	620	558	422	545
Tax %	32.62%	32.01%	33.82%	38.27%	22.45%	26.68%	22.91%	25.51%	31.73%	25.95%
Net Profit	140	168	183	203	305	440	478	416	288	404
EPS	116.39	139.86	152.87	168.83	254.55	45.88	49.81	43.32	5.98	8.37
Dividend Payout %	19.76%	33.61%	40.88%	53.31%	28.48%	83.92%	26.00%	46.17%	129.58%	70.60%

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 15%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: 6%
3 Years:: -5%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 30%
5 Years:: 29%
3 Years:: 23%
Last Year:: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	12	12	12	12	12	48	48	48	48	48
	467	612	752	795	982	1,078	1,336	1,604	1,641	1,741
	286	378	518	517	525	471	526	636	856	982
Trade Payables	61	92	95	99	102	115	160	194	184	218
	90	62	76	84	108	263	236	406	437	518
Total Liabilities	916	1,155	1,452	1,507	1,729	1,974	2,306	2,888	3,166	3,507
	442	534	594	604	644	684	805	960	1,003	1,161
Capital Work in Progress	0	0	0	0	8	0	15	49	97	102
	0	47	165	175	216	313	346	434	549	436
	87	91	220	215	266	320	423	494	525	696
	122	152	194	205	242	311	316	375	488	580
Cash & Bank	154	186	131	157	170	120	56	144	92	62
	112	146	149	151	182	226	346	432	412	469
Total Assets	916	1,155	1,452	1,507	1,729	1,974	2,306	2,888	3,166	3,507

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	85	215	154	285	350	473	428	452	395	398
Cash from Investing	-105	-190	-242	-89	-151	-210	-260	-311	-463	-293
Cash from Financing	39	-14	91	-203	-159	-284	-176	-43	-84	-229
	14	11	2	-7	40	-22	-8	98	-76	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

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

972

10,031

744

7,051

Operating Profit

228

2,980

OPM %

23.48%

29.71%

Interest

238

Depreciation

438

Profit before Tax

239

3,008

Tax %

24.44%

25.80%

Net Profit

181

2,232

3.75

4.61

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

847

1,053

1,147

1,328

1,410

1,642

2,055

2,317

2,412

2,795

569

731

767

909

926

933

1,310

1,603

1,731

1,936

Operating Profit

278

321

380

419

483

709

745

715

682

859

OPM %

32.86%

30.51%

33.15%

31.58%

34.29%

43.20%

36.27%

30.85%

28.25%

30.73%

-50

-74

Interest

Depreciation

103

125

131

150

Profit before Tax

207

247

277

328

394

601

620

558

422

545

Tax %

32.62%

32.01%

33.82%

38.27%

22.45%

26.68%

22.91%

25.51%

31.73%

25.95%

Net Profit

140

168

183

203

305

440

478

416

288

404

EPS

116.39

139.86

152.87

168.83

254.55

45.88

49.81

43.32

5.98

8.37

Dividend Payout %

19.76%

33.61%

40.88%

53.31%

28.48%

83.92%

26.00%

46.17%

129.58%

70.60%

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

467

612

752

795

982

1,078

1,336

1,604

1,641

1,741

286

378

518

517

525

471

526

636

856

982

Trade Payables

102

115

160

194

184

218

108

263

236

406

437

518

Total Liabilities

916

1,155

1,452

1,507

1,729

1,974

2,306

2,888

3,166

3,507

442

534

594

604

644

684

805

960

1,003

1,161

Capital Work in Progress

102

165

175

216

313

346

434

549

436

220

215

266

320

423

494

525

696

122

152

194

205

242

311

316

375

488

580

Cash & Bank

154

186

131

157

170

120

144

112

146

149

151

182

226

346

432

412

469

Total Assets

916

1,155

1,452

1,507

1,729

1,974

2,306

2,888

3,166

3,507

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

215

154

285

350

473

428

452

395

398

Cash from Investing

-105

-190

-242

-89

-151

-210

-260

-311

-463

-293

Cash from Financing

-14

-203

-159

-284

-176

-43

-84

-229

-7

-22

-8

-76

-8

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

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