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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
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INDEF MANUFACTURING LTD

INDEF MANUFACTURING LTD

NSE: BAJAJINDEF
Farm & Heavy Construction MachineryIndustrialsSMALL CAPMCap ₹643.8 Cr
₹201.18₹1.63 (+0.82%)

Market Closed • NSE

Market cap₹643.8 Cr
Enterprise value₹637.0 Cr
P/E TTM27.41
P/B2.39
EPS TTM₹7.34
D/E1.82
Dividend yield0.01%
52W high₹430.00
52W low₹195.01
Price chart(1Y)
1Y Return:-18.10% (₹44.47)
H: ₹276.4L: ₹195.01
1W+1.15%
1M-8.97%
3M-12.51%
6M-32.95%
1Y-50.82%
Today at a glance

Day range

₹195.01₹204.00

52 week range

₹195.01₹430.00
Volume17.1K0.83x 20D avg
Free float50.00%-17.40% volume

INDEF MANUFACTURING LTD closed at INR201.18 (+0.82%) on volume 0.83x its 20-day average, trading 53.21% below its 52-week high.

Technical analysis
RSI (14)40.0Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹8.84High
SMA 20₹208.29BEARISH
SMA 50₹216.74BEARISH
SMA 100₹229.44BEARISH
SMA 200₹255.92BEARISH
CPR bottom₹200.13
Pivot₹199.93
CPR top₹199.74
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +39.4% QoQ

2026-08-05

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-08-05

DIVIDEND Announced

Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.9 Cr₹643.8 Cr0.46%≤ 33%PASS
Non-halal income ratio–₹207.7 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹326.7 Cr₹332.2 Cr98.33%≥ 20%PASS
Receivables ratio–₹332.2 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E27.4128.10
Forward P/E——
P/B2.393.00
EV/EBITDA—18.00
PEG—1.10
Earnings yield3.603.60
Growth & profitability
RevenuePAT
FY24PAT margin —
FY25PAT margin 19.10%
FY26PAT margin 11.40%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y—
Revenue CAGR 5Y—
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-6.93%
Net margin11.60%
Financial health & cash flow
Net debt–Moderate
Interest coverage44.30xEBIT / interest
CFO / PAT0.49x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹23.5 Cr
Capital expenditure–
Free cash flow₹18.1 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall58/100
Valuation60/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.82x

Bull case

Market Leadership: Established operational scale in Farm & Heavy Construction Machinery.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
05 Aug 2026Dividend₹2.00 / share—05 Aug 2026
05 Aug 2025Dividend₹2.00 / share—05 Aug 2025
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)64.44%-5.31% latest vs average
Highest delivery82.21%on 21 Sept
Average volume (20D)20.7KTrading-session average
Conviction trendWeakening-5.31% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Larsen & Toubro Limited
Larsen & Toubro LimitedLT
Open analysis
₹4.99L30.091.05%₹67,942.00₹4,988.00+6.69%+15.52%
Adani Ports and Special Economic Zone Limited
Adani Ports and Special Economic Zone LimitedADANIPORTS
Open analysis
₹4.03L29.880.43%₹10,821.00₹3,650.00+18.57%+10.24%
Hindustan Aeronautics Limited
Hindustan Aeronautics LimitedHAL
Open analysis
₹3.34L35.790.92%₹5,515.00₹1,590.00+14.44%+14.88%
Bharat Electronics Limited
Bharat Electronics LimitedBEL
Open analysis
₹2.75L44.860.66%₹5,547.00₹1,055.00+24.93%+8.88%
InterGlobe Aviation Limited
InterGlobe Aviation LimitedINDIGO
Open analysis
₹1.81L—0.00%₹24,584.10-₹237.60+19.95%-110.92%
Bharat Heavy Electricals Limited
Bharat Heavy Electricals LimitedBHEL
Open analysis
₹1.51L52.550.32%₹7,697.72₹381.91+40.29%+183.84%
ABB India Limited
ABB India LimitedABB
Open analysis
₹1.44L92.640.43%₹3,559.00₹362.00+21.05%+2.84%
CG Power and Industrial Solutions Limited
CG Power and Industrial Solutions LimitedCGPOWER
Open analysis
₹1.33L106.680.16%₹3,281.00₹308.00+14.00%+15.36%
About INDEF MANUFACTURING LTD
INDEF MANUFACTURING LTD

Indef Manufacturing Limited provides material handling solutions in India. It also manufactures, sells, distributes and markets mechanical hoists, ergonomic handling solutions, overhead crane, EOT crane, electric chain hoists and wire rope hoists, stackers, and storage and retrieval solutions. The company serves the oil and gas, engineering, auto and auto ancillary, cement, metals, and other industries. Indef Manufacturing Limited was incorporated in 2022 and is headquartered in Navi Mumbai, India.

IndiaIndustrials

Questions investors ask
Is INDEF MANUFACTURING LTD Shariah compliant?

INDEF MANUFACTURING LTD is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.46%) complies with AAOIFI threshold (≤ 33%).

What is INDEF MANUFACTURING LTD's current valuation relative to peers?

INDEF MANUFACTURING LTD trades at a P/E of 27.4x compared to the sector median of 28.1x, and a Price-to-Book of 2.4x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.82x. Interest coverage is 44.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.