Indef Manufacturing
Indef Manufacturing Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Indef Manufacturing Ltd, framed against the sector median so the premium or discount is obvious at a glance.
Indef Manufacturing Ltd trades at a P/E of 33.65× and P/B of 2.94×.
Valuation
Profitability
Growth
Financial Health
Indef Manufacturing Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Indef Manufacturing Ltd, switchable between annual and quarterly views, consolidated or standalone.
Indef Manufacturing Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹768 Cr and reported EPS of ₹7.37.
| Period | 2025 | 2026 |
|---|---|---|
| Revenue from Operations | 179 | 208 |
| Other Income | 17 | 8 |
| Total Income | 196 | 216 |
| Cost of Goods Sold (COGS) | 95 | 113 |
| Gross Profit | 84 | 95 |
| +Operating Expenses | 53 | 72 |
| EBITDA | 31 | 23 |
| +Non-Operating Expenses | 6 | 6 |
| Profit Before Tax (PBT) | 42 | 24 |
| +Tax Expense | 8 | 1 |
| Profit After Tax (PAT) | 34 | 23 |
| Earnings Per Share (EPS) | 10.68 | 7.31 |
| Diluted Shares Outstanding (Nos.) | 3 | 3 |
| +Additional Disclosures | 248 | 304 |
| Sales Growth % | — | 16.27 |
| YoY Sales Growth % | — | 16.27 |
| Material Cost % | 53 | 51 |
| Employee Cost % | 13 | 15 |
| Other Cost % | 16 | 20 |
| OPM % | 17 | 11 |
| Tax % | 19 | 2 |
| Profit Growth % | — | -31.52 |
| Gross Margin % | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 |
| Additional Fields | 25 | 17 |
Indef Manufacturing segment analysis: revenue and profit mix.
Disclosed business segments at Indef Manufacturing with their share of revenue and profit, switchable between consolidated and standalone reporting.
Indef Manufacturing discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Indef Manufacturing Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Indef Manufacturing Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Indef Manufacturing Ltd's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.
What you're getting.
Strong promoter holding of 69.6% indicates stable ownership and long-term commitment.
Extremely low debt-to-equity ratio of 0.02 provides significant financial flexibility.
Respectable Operating Profit Margin (OPM) of 15.90% shows efficient core operations.
Dividend yield of 0.48% reflects commitment to shareholder returns.
Diversified product portfolio and broad industry reach enhance market stability.
What can break it.
Zero reported ROE, ROCE, and ROA indicate poor capital efficiency and profitability.
High P/E ratio of 36.60 suggests overvaluation given zero profitability metrics.
Quarterly net profit declined from 11.28 Cr to 5.65 Cr.
Significant stock price volatility, trading well below 52-week high of 580.25.
Low institutional investor interest (FII 1.56%, DII 0.00%) limits support.
What would change my mind.
Trim if P/E re-rates above 44. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 1.59. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Indef Manufacturing Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Indef Manufacturing Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
Indef Manufacturing Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Indef Manufacturing Ltd — derived from the live tape, not yesterday's close.
Indef Manufacturing Ltd last traded at ₹238.85 with an intraday range of ₹237.35–₹253.1 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹238.85| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 280.35 | +41.50 | +17.37% |
| R3 | 264.60 | +25.75 | +10.78% |
| R2 | 258.85 | +20.00 | +8.37% |
| R1 | 248.85 | +10.00 | +4.19% |
| PIVOT | 243.10 | 4.25 | 1.78% |
| CURRENT | 238.85 | — | — |
| S1 | 201.60 | -37.25 | -15.60% |
| S2 | 217.35 | -21.50 | -9.00% |
| S3 | 227.35 | -11.50 | -4.81% |
| S4 | 233.10 | -5.75 | -2.41% |
BAJAJINDEF is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 240 ~ 253.1
Trading Below opening range, showing Bearishness
Indef Manufacturing Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Indef Manufacturing Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Indef Manufacturing Ltd stood at 70.9% of traded volume, against a 20-day average of 62.2%.
Indef Manufacturing announcements: results, concalls, ratings, M&A.
Filings Indef Manufacturing sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Indef Manufacturing files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 35 documents below.
Shareholders meeting
Indef Manufacturing Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange…
Disclosure under SEBI Takeover Regulations
Niraj Bajaj has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial…
Copy of Newspaper Publication
Indef Manufacturing Limited has informed the Exchange about Copy of Newspaper Publication
Shareholders meeting
Indef Manufacturing Limited has informed the Exchange regarding Notice of Postal Ballot
Certificate under SEBI (Depositories and Participants) Regulations, 2018
Indef Manufacturing Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
Indef Manufacturing dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Indef Manufacturing has declared, sequenced by announce and record date.
Indef Manufacturing corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Indef Manufacturing Ltd: business, sector, key facts.
What Indef Manufacturing Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Indef Manufacturing Ltd operates in the Industrials, listed as NSE: BAJAJINDEF, BSE: 544364.
BAJAJINDEF, operating as Indef Manufacturing Limited, is a relatively new player in the material handling equipment sector, incorporated in 2022 and based in Navi Mumbai, India. The company's core business focuses on providing a comprehensive suite of solutions designed to improve efficiency and safety in various industrial applications. Their offerings cater to a diverse range of industries, making them a versatile supplier within the material handling market.
The company's product portfolio encompasses a wide array of equipment, indicating a strategic aim to offer a "one-stop shop" approach for clients' material handling needs. This includes heavy-duty equipment such as cranes and wire ropes, which are vital for large-scale industrial operations. They also provide smaller-scale, but equally important, solutions such as manual and electric chain hoists suitable for a variety of applications. This diversified product range allows them to cater to clients with varying scales of operation and material handling requirements.
Further enhancing their comprehensive offering, BAJAJINDEF also provides ergonomic handling solutions. This highlights a commitment to not only efficiency but also worker safety and well-being, a key differentiator in today's increasingly safety-conscious industrial landscape. Ergonomic solutions often improve operational efficiency by minimizing workplace injuries and promoting a healthier working environment. Completing their product range are storage and retrieval products, which are essential for efficient warehouse and inventory management within industrial settings.
BAJAJINDEF's client base spans a variety of significant industrial sectors. Their services are actively utilized by companies in the oil and gas, engineering, automotive and auto-ancillary, cement, and metals industries. This breadth of industry reach underscores their ability to adapt their solutions to the unique needs and challenges faced within each specific sector, signifying a high level of adaptability and a strong understanding of diverse industrial requirements. The company’s ability to cater to these diverse industries suggests a market strategy focused on capturing a significant share within the broader Indian material handling market.
Questions investors ask about Indef Manufacturing Ltd (BAJAJINDEF).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Indef Manufacturing Ltd (BAJAJINDEF)?
The current share price of Indef Manufacturing Ltd (BAJAJINDEF) is ₹238.85. Today, the stock has declined by ₹6.80 (2.77%), trading in a range of ₹237.35 to ₹253.1. The stock opened at ₹253.1 with a trading volume of 84,953 shares.
02Is Indef Manufacturing Ltd stock a good investment for long-term?
Indef Manufacturing Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹768 crores, P/E ratio of 33.65, ROE of 8.97%, and ROCE of 0.00%. The dividend yield stands at 0.81%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Indef Manufacturing Ltd stock?
The 52-week high price of Indef Manufacturing Ltd (BAJAJINDEF) is ₹580.25, while the 52-week low is ₹207.25. Currently trading at ₹238.85, the stock is 8.5% away from its 52-week low and 58.8% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Indef Manufacturing Ltd stock at the current price?
Whether to buy Indef Manufacturing Ltd stock at ₹238.85 depends on multiple factors. The stock is currently trading with a P/E ratio of 33.65 and P/B ratio of 2.94. Today's performance shows a loss of 2.77%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Indef Manufacturing Ltd and when is the next dividend?
Indef Manufacturing Ltd offers a dividend yield of 0.81%, which means for every ₹100 invested at the current price of ₹238.85, you can expect to receive approximately ₹0.81 annually as dividends. The face value of the stock is ₹1.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Indef Manufacturing Ltd?
Indef Manufacturing Ltd's key financial metrics include: P/E Ratio: 33.65, P/B Ratio: 2.94, ROE: 8.97%, ROCE: 0.00%, Dividend Yield: 0.81%, EPS: ₹7.37, Book Value: ₹84.23, and Debt-to-Equity: 1.09. The company's market cap stands at ₹768 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Indef Manufacturing Ltd stock performing today in the market?
Indef Manufacturing Ltd stock opened at ₹253.1 and is currently trading at ₹238.85, showing a decline of ₹6.80 (2.77%). The intraday high is ₹253.1 and low is ₹237.35. The trading volume stands at 84,953 shares, indicating moderate market participation today.
08What is the P/E ratio of Indef Manufacturing Ltd and what does it indicate?
Indef Manufacturing Ltd has a Price-to-Earnings (P/E) ratio of 33.65, which means investors are willing to pay ₹33.65 for every ₹1 of earnings. With an EPS of ₹7.37, this P/E ratio suggests the stock may be trading at a premium, possibly due to high growth expectations. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Indef Manufacturing Ltd (BAJAJINDEF) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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