Indef Manufacturing
Indef Manufacturing (BAJAJINDEF) share price was ₹180.21 at the 28 Oct 2026 close; market capitalisation ₹577 Cr; P/E (TTM) 24.55; sector Capital Goods. The share price fell 53.0% over the year to 28 Oct 2026 (adjusted for splits and bonuses). In the Jun 2026 quarter, revenue fell 13.2% year on year to ₹34.46 Cr and net profit was ₹5.50 Cr, against ₹5.65 Cr a year earlier (compared with Jun 2025). Promoters held 69.61% of Indef Manufacturing in Sep 2026, unchanged from Jun 2026. Its Tapetide Score is 47/100 (Average) as of 28 Oct 2026.
Key Fundamentals
MicrocapIndustrial ManufacturingCapital GoodsPrice-based figures as of 28 Oct 2026, 15:31 IST · EPS basis: Consolidated · TTM
Peer Comparison
Industrials › Capital Goods › Industrial Products
| ₹3,979.00 | 98.08 | 47,072 Cr | 14.45 | 0.04% | 19.61% | 25.98% | 4,896 Cr | 477 Cr | |
| ₹1,563.00 | 81.83 | 30,139 Cr | 10.53 | 0.10% | 11.28% | 14.83% | 5,510 Cr | 401 Cr | |
| ₹30,595.00 | 49.08 | 27,051 Cr | 6.06 | 0.35% | 11.76% | 15.68% | 4,959 Cr | 552 Cr | |
| ₹929.20 | 65.71 | 21,132 Cr | 10.56 | 0.00% | 16.79% | 22.04% | 2,236 Cr | 323 Cr | |
| ₹3,140.00 | 60.89 | 21,049 Cr | 4.45 | 0.00% | 7.64% | 12.03% | 4,043 Cr | 345 Cr | |
| ₹16,390.00 | 100.18 | 17,509 Cr | 5.76 | 0.21% | 4.56% | 5.85% | 3,824 Cr | 176 Cr | |
| Indef Manufacturing (this company) | ₹180.21 | 24.55 | 577 Cr | 2.14 | 1.12% | 8.70% | 8.80% | 214 Cr | 23 Cr |
| Median 7 companies | ₹3,140.00 | 65.71 | 21,132 Cr | 6.06 | 0.10% | 11.28% | 14.83% | 4,043 Cr | 345 Cr |
Comparable companies in the same industry. Market cap, P/E and P/B use the live price; other metrics are as reported in filings. A dash means the figure is not published for that company. 1 company is not shown because they are not listed on an exchange we cover.
Tapetide Score
Data-driven rating, 0–100. How it works →
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Category scores
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company has reduced debt.
- Company is almost debt free.
- Company's working capital requirements have reduced from 36.0 days to 22.1 days
Weaknesses
2- Tax rate seems low
- Earnings include an other income of Rs.11.0 Cr.
Technical Indicators
Oscillators
Neutral
Overall
Bearish
Moving Averages
Bearish
Growth Rate
change over 1 year
change over 1 year
change over 1 year
change over 1 year Operating margin -2.84% · Jun 2026
Quarterly Results
| Particulars | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 42.77 | 44.74 | 52.98 | 39.71 | 49.31 | 50.64 | 68.04 | 34.46 |
| Expenses | 35.97 | 37.27 | 42.3 | 36 | 43.03 | 46.54 | 58.87 | 35.44 |
| Operating Profit | 6.8 | 7.47 | 10.68 | 3.71 | 6.28 | 4.1 | 9.17 | -0.98 |
| OPM % | 15.9% | 16.7% | 20.16% | 9.34% | 12.74% | 8.1% | 13.48% | -2.84% |
| Other Income | 5.84 | 3.3 | 4.29 | 5.3 | 2.7 | 4.19 | -4.62 | 8.77 |
| Interest | 0.11 | 0.1 | 0.09 | 0.1 | 0.11 | 0.08 | 0.08 | 0.1 |
| Depreciation | 1.36 | 1.33 | 1.29 | 1.34 | 1.45 | 1.42 | 2.26 | 1.41 |
| PBT | 11.17 | 9.34 | 13.59 | 7.57 | 7.42 | 6.79 | 2.21 | 6.28 |
| Tax % | -0.98% | 24.95% | 25.46% | 25.23% | 16.17% | 29.16% | -203.17% | 12.74% |
| Net Profit | 11.28 | 7.02 | 10.13 | 5.65 | 6.26 | 4.9 | 6.82 | 5.5 |
| EPS (₹) | — | 2.19 | 3.17 | 1.77 | 1.96 | 1.53 | 2.13 | 1.72 |
Profit & Loss
| Particulars | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|
| Sales | 179 | 208 | 202 |
| Expenses | 148 | 184 | 184 |
| Operating Profit | 31 | 23 | 19 |
| OPM % | 17% | 11% | 9% |
| Other Income | 17 | 8 | 11 |
| Interest | 0 | 0 | 0 |
| Depreciation | 5 | 6 | 7 |
| PBT | 42 | 24 | 23 |
| Tax % | 19% | 2% | — |
| Net Profit | 34 | 23 | 23 |
| EPS (₹) | 10.68 | 7.38 | 7.34 |
| Div. Payout % | 0% | 27% | — |
Balance Sheet
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Equity Capital | 3 | 3 |
| Reserves | 250 | 267 |
| Borrowings | 4 | 3 |
| Other Liabilities | 45 | 60 |
| Total Liabilities | 301 | 332 |
| Fixed Assets | 35 | 46 |
| CWIP | 2 | 0 |
| Investments | 199 | 210 |
| Other Assets | 66 | 77 |
| Total Assets | 301 | 332 |
Cash Flow
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | 5 | 24 |
| Investing | -10 | -15 |
| Financing | -2 | -9 |
| Net Cash Flow | -7 | 0 |
| Free Cash Flow | -4 | 18 |
| CFO/OP | 33 | 132 |
Ratios
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| Debtor Days | 65 | 56 |
| Inventory Days | 85 | 102 |
| Days Payable | 89 | 107 |
| Cash Conversion Cycle | 62 | 51 |
| Working Capital Days | 50 | 22 |
| ROCE % | — | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY18–FY27.
Documents
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Company Information
Incorporated in 2022, Indef Manufacturing Ltd is in the manufacturing business[1]
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