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Indo-MIM

INDOMIM NSE
₹1,203.80 +17.20 (+1.45%)
P/E
103.78
View as Markdown
MCP
Close 3 Nov 2026 ₹1,203.80 +462.05 +62.3% since 30 Jul 2026
Start ₹741.75

Key Fundamentals

MidcapIndustrial ProductsCapital Goods

Price-based figures as of · TTM

ROCE
25.00%
Debt to Equity
0.49
EPS (TTM)
₹11.60
Book Value
₹67.15
Market Cap
—
P/E (TTM)
103.78
P/B
17.93
ROE
23.40%
Dividend Yield
0.56%
EBITDA
₹1,199 Cr
52W High
₹1,374.40
52W Low
₹700.00
Day Range
₹1,178.40 – ₹1,209.00
Volume
6,73,195

Peer Comparison

Industrials › Industrial Manufacturing › Industrial Products

Indo-MIM peer comparison
Indo-MIM (this company)
₹1,203.80103.78₹58,947 Cr17.930.56%23.40%25.00%₹3,482 Cr₹562 Cr
Aditya Infotech
₹3,881.1095.66₹46,019 Cr14.100.04%25.40%28.60%₹4,883 Cr₹477 Cr
Syrma SGS
₹1,491.0078.06₹28,805 Cr9.450.10%14.00%16.80%₹5,464 Cr₹401 Cr
Honeywell Automation
₹29,070.0046.64₹25,755 Cr5.510.38%12.60%17.00%₹4,703 Cr₹552 Cr
Kaynes Technology India
₹3,239.0062.81₹21,807 Cr4.590.00%8.69%12.70%₹3,899 Cr₹345 Cr
Jyoti CNC Automation
₹967.4068.42₹21,469 Cr10.990.00%18.20%21.30%₹2,191 Cr₹323 Cr
LMW
₹16,927.00103.46₹17,851 Cr5.950.21%4.05%5.58%₹3,374 Cr₹176 Cr
Median 7 companies₹3,239.0078.06₹25,755 Cr9.450.10%14.00%17.00%₹3,899 Cr₹401 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 60.1%

No weaknesses listed

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish2107
OscillatorsBearish261
Moving AveragesStrong Bullish046

Key readings

RSI (14)
56.76
Neutral
MACD (12,26,9)
8.57
Bearish
SMA (50)
1,101.32
Bullish
SMA (200)
—
Neutral

As of

Analyst Rating

Based on 3 analysts
BUY67%

2 of 3 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
2
67%
HOLD
0
0%
SELL
1
33%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
5Y+16.25%
3Y+15.06%
1Y+25.92%

Net profit

Net profit growth by window
5Y−0.70%
3Y+4.27%
1Y+25.94%

Operating cash flow

Operating cash flow growth by window
5Y+12.37%
3Y+18.88%
1Y+112.85%

Operating margin· change in pp

Operating margin growth by window
5Y−17.70 pp
3Y−4.03 pp
1Y−2.48 pp

Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹1,975 Cr
Mar 2022₹2,503 Cr
Mar 2023₹2,753 Cr
Mar 2024₹2,888 Cr
Mar 2025₹3,330 Cr
Mar 2026₹4,193 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹553 Cr
Mar 2022₹598 Cr
Mar 2023₹471 Cr
Mar 2024₹352 Cr
Mar 2025₹424 Cr
Mar 2026₹534 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹381 Cr −6.9% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

Indo-MIM Ltd trades at ₹1,149 as of 2026-10-28 with a market cap of ₹56,816 Cr, commanding a premium valuation at 99.05x TTM P/E and 17.11x P/B. The company delivers strong return ratios (ROE 18.92%, ROCE 24.24%) and has accelerated TTM sales growth to 26%, though profit growth has lagged over longer periods with a 5-year compounded profit CAGR of just 1%.

Bull Case 8
  • Strong capital efficiency with ROCE at 24.24% as of 2026-10-28, indicating the company generates healthy returns on deployed capital across its MIM operations
  • TTM sales growth has accelerated to 26%, well above the 3-year compounded sales CAGR of 15% and 5-year CAGR of 16%, suggesting improving demand momentum
  • Consistent ROE track record — 25% over 5 years, 21% over 3 years, and 23% last year — reflecting sustained shareholder value creation
  • Conservative balance sheet with debt-to-equity of just 0.49x, providing financial flexibility for capacity expansion or weathering downturns
  • Healthy dividend payout ratio of 60.1% with a current yield of 0.60%, demonstrating management's commitment to returning cash to shareholders
  • TTM profit growth of 20% shows a meaningful recovery and re-acceleration compared to the subdued 5-year compounded profit CAGR of 1%
  • Stock is trading at ₹1,149, approximately 16.4% below its 52-week high of ₹1,374.40, which may reflect some valuation correction from peak levels
  • Current ROE of 18.92% remains well above cost-of-equity benchmarks for Indian industrials, supporting the premium valuation narrative
Bear Case 8
  • TTM P/E of 99.05x is extremely elevated relative to industrial sector peers, implying the stock prices in aggressive growth expectations that may be difficult to sustain
  • 5-year compounded profit CAGR of just 1% contrasts sharply with the premium valuation, raising questions about the durability of recent profit acceleration
  • P/B ratio of 17.11x is exceptionally high, suggesting the market is pricing in substantial intangible value or growth that carries execution risk
  • Significant divergence between 5-year sales CAGR (16%) and 5-year profit CAGR (1%) points to margin compression or rising costs that eroded bottom-line growth over the longer term
  • 3-year compounded profit CAGR of 8% lags the 3-year sales CAGR of 15%, indicating operating leverage has not fully translated to earnings growth
  • At a TTM EPS of ₹11.60 against a price of ₹1,149, the earnings yield is roughly 1.0%, well below risk-free rates, making the opportunity cost significant
  • Dividend yield of 0.60% offers minimal income cushion despite the 60.1% payout ratio, as the high stock price dilutes the yield
  • The stock has risen roughly 64% from its 52-week low of ₹700 to ₹1,149, and any disappointment in growth execution could trigger a sharp de-rating from current elevated multiples

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

7h ago

TL;DR: Indo-MIM is taking concrete steps toward international expansion with a ₹45 crore Vietnam subsidiary, which could unlock cost advantages and diversify its manufacturing footprint. Board governance appears stable with long-term director re-appointments. No material headwinds emerged in the period. The near-term outlook hinges on execution of the Vietnam buildout and any order pipeline growth that follows.

Positives 2
  • Vietnam subsidiary ₹45Cr approved Oct 14

    Board approved a ₹45 crore investment to set up a wholly owned subsidiary in Vietnam, signaling international expansion into a cost-competitive manufacturing base.

  • Independent directors re-appointed Oct 14

    Three independent directors were re-appointed for five-year terms, providing governance continuity and board stability.

Neutral 1
  • CIN and MCA listing updated Oct 6

    Indo-MIM updated its Corporate Identification Number and changed its listing status to 'Yes' on Ministry of Corporate Affairs records following its stock exchange listing.

Quarterly Results

₹ Cr
INDOMIM quarterly results, ₹ crore
Particulars Jun 2025Mar 2026Jun 2026
Sales
1,114
1,048
1,219
Expenses
787
847
812
Operating Profit
327
201
407
OPM %
29%
19%
33%
Other Income
13
85
3
Interest
46
47
27
Depreciation
49
53
58
PBT
245
185
325
Tax %
26%
25%
26%
Net Profit
182
139
240
EPS (₹)
3.78
2.87
4.96

Profit & Loss

₹ Cr
INDOMIM profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,975
2,503
2,753
2,888
3,330
4,193
Expenses
1,121
1,585
1,939
2,131
2,397
3,122
Operating Profit
854
918
814
757
933
1,071
OPM %
43%
37%
30%
26%
28%
26%
Other Income
21
14
25
33
−57
50
Interest
50
40
60
96
96
167
Depreciation
105
123
150
171
199
220
PBT
718
769
629
521
581
734
Tax %
23%
22%
25%
33%
27%
27%
Net Profit
553
598
471
352
424
534
EPS (₹)
57.59
62.29
49.1
7.29
8.79
11.02
Div. Payout %
67%
43%
8%
51%
67%
62%

Balance Sheet

₹ Cr
INDOMIM balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
48
48
48
48
48
48
Reserves
1,258
1,612
1,962
2,038
2,151
2,771
Borrowings
588
670
804
1,257
1,433
1,368
Other Liabilities
311
334
504
519
508
710
Total Liabilities
2,205
2,664
3,318
3,862
4,141
4,897
Fixed Assets
975
1,164
1,263
1,774
1,748
2,172
CWIP
20
53
388
176
209
181
Investments
0
0
0
10
13
10
Other Assets
1,210
1,447
1,667
1,901
2,171
2,535
Total Assets
2,205
2,664
3,318
3,862
4,141
4,897

Cash Flow

₹ Cr
INDOMIM cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
601
502
641
456
506
1,077
Investing
−247
−299
−464
−478
−327
−506
Financing
−294
−177
−57
−86
−238
−356
Net Cash Flow
60
27
120
−108
−58
215
Free Cash Flow
346
202
175
77
133
662
CFO/OP
89
78
97
82
74
122

Ratios

INDOMIM financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
67
58
59
57
71
66
Inventory Days
733
584
537
623
687
373
Days Payable
287
225
193
182
171
83
Cash Conversion Cycle
514
417
402
498
586
356
Working Capital Days
39
57
65
7
78
71
ROCE %
—
38%
27%
20%
22%
25%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indo-MIM insights

56 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 77.65%
  • DIIs 11.78%
  • Public 6.82%
  • FIIs 2.45%
  • Others 1.29%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Indo-MIM

What does Indo-MIM Ltd do?
Incorporated in 1996, Indo-MIM Ltd manufactures precision engineering components using metal injection molding (MIM) technology.
Where is Indo-MIM Ltd (INDOMIM) listed?
Indo-MIM Ltd trades as INDOMIM on the NSE and under code 544837 on the BSE.
Which sector does Indo-MIM Ltd belong to?
Indo-MIM Ltd is classified under the Industrials sector, in the Industrial Manufacturing industry.
What is the PE ratio of Indo-MIM Ltd?
Indo-MIM Ltd trades at a PE ratio of 103.78 as of 3 Nov 2026, on earnings per share of ₹11.6, against a book value of ₹67.15 per share.
What is the 52-week high and low of Indo-MIM Ltd?
Over the last 52 weeks Indo-MIM Ltd has traded between ₹700 and ₹1,374.4 as of 3 Nov 2026.
Does Indo-MIM Ltd pay dividends?
Indo-MIM Ltd has a dividend yield of 0.56%.
What is the Return on Equity (ROE) of Indo-MIM Ltd?
Indo-MIM Ltd reported a return on equity of 23.40%. Its debt-to-equity ratio is 0.49.

Company Information

Incorporated in 1996, Indo-MIM Ltd manufactures precision engineering components using metal injection molding (MIM) technology.

Website indo-mim.com
Listed 30 Jul 2026
Face Value ₹1

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