Indef Manufacturing Limited share price

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 also offers chain pulley blocks and ratchet lever hoists, as well as electric chain hoists and electric wire rope hoists; electric overhead travelling (EOT) cranes, gantry cranes, jib cranes, and light profile cranes; and floor-operated stackers and roll-out racks under Bajaj Indef, iCrane, and iStacker brands. The company serves oil and gas, engineering, auto and auto ancillary, cement, m…Read more

Website NSE हिंदी में BSE

IndustrialsFarm & Heavy Construction MachineryNSE: BAJAJINDEFISIN INE0O9T01021

16 Oct 2026, 3:29 PM IST₹201.18▲ 1.63 (0.82%)

Market Cap₹ 644 Cr.
Current Price₹ 201.18
High / Low₹ 430 / 195
Stock P/E27.4
Book Value₹ 84
Dividend Yield1.00 %
ROCE8.8 %
ROE9.00 %
Face Value₹ 1.0

More figures (10)

EPS (TTM)₹ 7.34
Price / Book2.39
OPM8.3 %
Debt / Equity0.02
Sales growth (3Y)—
Profit growth (3Y)—
Promoter holding77.5 %
EV / EBITDA38.4
Beta—
All-time high₹ 580

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
BAJAJINDEF	-6.58%	-15.36%	-31.29%	-40.30%	-50.82%	—	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Indef Manufacturing Limited is in the Farm & Heavy Construction Machinery industry (Industrials), with a market value of ₹644 crore.
It trades at 27.4 times its last 12 months' earnings and 2.4 times book value.
Return on equity was 9.0% and return on capital employed 8.8% in the latest year.
Debt was 0.02 times shareholders' equity.
The share price is 53.2% below its 52-week high and down 50.8% over one year.
Promoters and insiders hold about 77.5%; institutions about 0.0%.

Pros

Strong return on equity: 80.2% on average over the last 3 years.
Company is almost debt-free (debt is 0.02 times equity).
Promoters hold a large stake of 69.61%.

Cons

Other income makes up 56% of profit before tax.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Indef Manufacturing Limited

Head office: Navi Mumbai

IndustrialsFarm & Heavy Construction Machinery

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Indef Manufacturing	201.18	27.4	644	1.00	5	-3.00	34	-13.20	8.8	9.0	2.39	8.3	0.02	77.47	208	—
2.	Ashok Leyland	148.91	25.2	87,468	2.36	616	0.78	13,020	11.70	14.5	26.2	6.14	19.6	4.49	36.36	56,076	10.6
3.	Escorts Kubota	2,751.00	21.9	30,269	1.21	386	21.20	3,208	31.19	14.4	21.1	2.49	10.9	0.01	74.51	11,414	11.3
4.	Action Construction Equipment	1,136.30	31.0	13,525	0.17	119	0.78	786	-18.24	28.5	22.9	6.72	14.8	0.00	66.81	3,278	15.0
5.	Olectra Greentech	1,066.30	49.3	8,752	0.06	26	-0.30	576	65.75	19.4	15.6	7.13	12.4	0.31	50.27	2,308	28.4
	Median: 5 Co.	1,066.30	27.4	13,525	1.00	119	0.78	786	11.70	14.5	21.1	6.14	12.4	0.02	66.81	3,278	13.2

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	45	53	40	89	51	68	34
YOY Sales Growth %					13.18%	28.44%	-13.20%
	37	42	36	79	47	59	35
Material Cost %	52%	51%	54%	54%	54%	55%	56%
Employee Cost %	13%	13%	17%	16%	15%	13%	23%
Other Expenses %	18%	16%	20%	20%	23%	18%	24%
Operating Profit	7	11	4	10	4	9	-1
OPM %	17%	20%	9%	11%	8%	13%	-3%
	3	4	5	8	5	-4	9
Exceptional items					-0	-0
Interest	0	0	0	0	0	0	0
Depreciation	1	1	1	3	1	2	1
Profit before tax	9	14	8	15	7	2	6
	25%	25%	25%	21%	29%	-204%	13%
Current tax	1	2	1	4	1	3
Deferred tax	1	1	1	-0	1	-8	1
	7	10	6	12	5	7	5
Minority share				-0	-0	-0	-0
YOY Profit Growth %					-31.32%	-33.88%	-3.00%
EPS in Rs	2.19	3.17	1.77	3.72	1.53	2.13	1.72
Raw filing

₹ Cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44	52	38	86	49	61	28
YOY Sales Growth %					9.98%	18.37%	-25.94%
	37	41	34	75	43	51	29
Material Cost %	52%	51%	53%	53%	53%	53%	54%
Employee Cost %	13%	13%	17%	15%	14%	14%	25%
Other Expenses %	18%	16%	20%	19%	22%	17%	25%
Operating Profit	8	11	4	11	5	10	-1
OPM %	17%	21%	10%	12%	11%	16%	-4%
	3	4	5	8	5	-4	9
Exceptional items					-0	-0
Interest	0	0	0	0	0	0	0
Depreciation	1	1	1	3	1	2	1
Profit before tax	9	14	8	16	8	4	7
	25%	25%	25%	21%	25%	-100%	13%
Current tax	1	2	1	4	1	3
Deferred tax	1	1	1	-0	1	-7	1
	7	10	6	13	6	7	6
YOY Profit Growth %					-12.28%	-28.08%	-0.45%
EPS in Rs	2.21	3.17	1.83	3.93	1.94	2.28	1.82
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2025	Mar 2026	TTM
	179	208	242
YOY Sales Growth %		16.27%
	148	184	220
Material Cost %	53%	54%	55%
Employee Cost %	13%	15%	16%
Other Expenses %	16%	20%	20%
Operating Profit	31	23	22
OPM %	17%	11%	9%
	17	8	17
Exceptional items		-1	-1
Interest	0	0	0
Depreciation	5	6	8
Profit before tax	42	24	30
	19%	2%	5%
Current tax	4	8
Deferred tax	4	-7
	34	23	29
Minority share		-0	-0
YOY Profit Growth %		-31.52%
EPS in Rs	10.68	7.38	9.10
Dividend Payout %		27%

Compounded Sales Growth

TTM:: 7%

Compounded Profit Growth

TTM:: -17%

Stock Price CAGR

1 Year:: -51%

Return on Equity

3 Years:: 80%
Last Year:: 9%

₹ Cr	Mar 2025	Mar 2026	TTM
	177	196	224
YOY Sales Growth %		10.73%
	146	170	199
Material Cost %	53%	53%	53%
Employee Cost %	13%	14%	16%
Other Expenses %	16%	19%	20%
Operating Profit	31	26	25
OPM %	17%	13%	11%
	17	9	18
Exceptional items		-1	-1
Interest	0	0	0
Depreciation	5	6	7
Profit before tax	42	28	35
	19%	6%	8%
Current tax	4	8
Deferred tax	4	-6
	34	26	32
YOY Profit Growth %		-23.91%
EPS in Rs	10.70	8.14	9.97
Dividend Payout %		25%

Compounded Sales Growth

TTM:: 2%

Compounded Profit Growth

TTM:: -10%

Stock Price CAGR

1 Year:: -51%

Return on Equity

3 Years:: 80%
Last Year:: 9%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	3	3
Reserves	-0	-0	250	267
		0	4	5
Short term borrowings		0		2
	0	0	45	58
Trade payables			23	33
Minority interest				-1
Current liabilities	0	0	33	55
Total Liabilities	0	0	301	332
			33	33
Gross block			47	51
Accumulated depreciation			14	17
Goodwill & intangibles			5	13
CWIP			3	0
	0	0	266	299
Inventories			22	32
Trade receivables			32	32
Cash & equivalents	0	0	6	6
Current assets	0	0	63	74
Total Assets	0	0	301	332

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	5	24
Profit for the year		-0	34	24
Working capital changes	0	0	-21	7
Direct taxes paid			-5	-7
	0		-10	-15
Fixed assets purchased			-9	-5
Fixed assets sold			0	0
Investments purchased			-3	-82
Investments sold				78
		0	-2	-9
Proceeds from borrowings		0	1
Interest paid				-0
Dividends paid				-6
Net Cash Flow	0	0	-7	0
Free Cash Flow	-0	-0	-4	18

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	204.7%	27.0%	9.0%
ROCE	—	138.4%	15.8%	8.8%
Operating margin	—	—	14.4%	8.3%
Net margin	—	—	19.2%	11.5%
Debt / equity	0.00	-1.63	0.02	0.02
Current ratio	1.23	0.20	1.93	1.34
Debtor days	—	—	66	57
Inventory days	—	—	77	91
Days payable	—	—	80	96
Cash conversion cycle	—	—	63	52
Working capital days	—	—	63	34

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 69.61%
FIIs 0.64%
Public 29.75%

%	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	69.61%	69.61%	69.61%	69.61%	69.61%	69.61%	69.61%
	1.57%	1.59%	1.56%	1.56%	1.57%	1.11%	0.64%
Foreign portfolio investors (Cat. I)	1.56%	1.59%	1.56%	1.56%	1.57%	1.11%	0.62%
Foreign portfolio investors (Cat. II)	0.01%						0.02%
					0.13%
Alternative investment funds					0.13%
	28.81%	28.80%	28.83%	28.83%	28.69%	29.28%	29.75%
Retail (up to ₹2 lakh)	15.97%	15.90%	16.17%	16.80%	16.70%	17.33%	17.82%
HNIs (above ₹2 lakh)	4.65%	4.65%	4.65%	3.94%	3.94%	3.94%	3.94%
NRIs	0.32%	0.65%	0.66%	0.66%	0.67%	0.61%	0.60%
Bodies corporate	1.22%	0.90%	0.78%	0.83%	0.76%	0.98%	0.78%
IEPF	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
No. of Shareholders	18,762	20,032	20,682	20,163	19,622	19,479	19,352

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

None filed recently.

Concalls & investor meets

None filed recently.

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 5 Aug 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

Indef Manufacturing (BAJAJINDEF.NS) Slips 2.25% to ₹198.89, Drifting Toward Key Support - Breakaway Gaphttps://www.siam.in/ · 3 d ago

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Indef Manufacturing Limited

What is the share price of Indef Manufacturing Limited today?

Indef Manufacturing Limited (BAJAJINDEF) last traded at ₹201.18 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Indef Manufacturing Limited?

About ₹644 crore at the latest price.

What is the P/E ratio of Indef Manufacturing Limited?

About 27.4 times its earnings over the last 12 months.

Is Indef Manufacturing Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Indef Manufacturing Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Indef Manufacturing Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Indef Manufacturing Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Indef Manufacturing Limited

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