Indef Manufactur

NSE: BAJAJINDEF · Industrial Products

52W Range₹207 ₹450

Snapshot

Unlock Indef Manufactur's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Indef Manufacturing Limited specialises in the provision of material handling solutions, including the design and manufacture of mechanical hoists, EOT cranes, and ergonomic handling equipment. The company serves a diverse industrial client base across sectors such as oil and gas, automotive, and metals.

Business Model

The company generates revenue through the manufacturing, distribution, and marketing of industrial lifting and storage equipment. It operates as a solution provider for material handling requirements across various heavy and light engineering industries.

Growth Outlook

Growth is expected to be driven by the increasing demand for industrial automation and infrastructure development within the Indian manufacturing sector. The company's focus on diverse industrial applications positions it to benefit from broader capital expenditure cycles.

Key Risks

  • Cyclical Demand. The company's performance is highly sensitive to capital expenditure cycles in the industrial and manufacturing sectors.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and other essential raw materials can significantly impact manufacturing margins.
  • Competitive Intensity. The material handling equipment market is highly competitive, with pressure from both domestic players and international imports.
  • Operational Risks. Dependence on efficient supply chain management and technical precision in manufacturing poses inherent operational challenges.

Price

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Key Metrics

P/E

32.2x

Q4 FY26 · consolidated

32.2 vs 27.9x5Y avg

EV/EBITDA

24.0x

Q4 FY26 · consolidated

24.0 vs 19.4x5Y avg

NET PROFIT MARGIN

9.8%

Q4 FY26 · consolidated

-9.3 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

+0.00xYoY

Peers · Industrial Products

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Indef ManufacturBAJAJINDEF
73132.1724.0215.1%9.1%9.0%-47.6%
Bajaj Steel IndsBAJAJST
76622.1718.78-100.0%36.1%5.0%37.4%-39.7%
Kabra ExtrusionKABRAEXTRU
709-214.4537.91-5.4%7.6%-1.2%0.8%+6.0%
Airfloa RailAIRFLOA
66120.0%
Axtel IndustriesAXTEL
59922.3914.6025.3%20.9%25.3%32.7%-12.1%
Satani BearingsSATANIBRG
587346.862668.14-4300.0%112.8%104.8%

As of Q4 FY26

Financials