WEBSITE BSE:544364 NSE: BAJAJINDEF Inc. Year: 2022 Industry: Engineering - Industrial Equipments My Bucket: Add Stock
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​Indef Manufacturing Limited (IML) is a prominent Indian manufacturer specializing in material handling solutions, including cranes, hoists, and storage systems. Established in 1962 as Hercules Hoists Limited, the company underwent a strategic demerger in 2024, transitioning into an independent entity under the Bajaj Indef brand . This restructuring aimed to enhance operational efficiency and focus on core manufacturing operations. IML\'s product portfolio encompasses a wide range of equipment, such as mechanical hoists, electric chain hoists...Read More
​Indef Manufacturing Limited (IML) is a prominent Indian manufacturer specializing in material handling solutions, including cranes, hoists, and storage systems. Established in 1962 as Hercules Hoists Limited, the company underwent a strategic demerger in 2024, transitioning into an independent entity under the Bajaj Indef brand . This restructuring aimed to enhance operational efficiency and focus on core manufacturing operations. IML\'s product portfolio encompasses a wide range of equipment, such as mechanical hoists, electric chain hoists, wire rope hoists, overhead cranes, and storage and retrieval solutions. With lifting capacities ranging from 0.25 to 90 tons and lift heights up to 175 meters, IML offers one of the most extensive product ranges in the industry . The company adheres to international standards, holding ISO 9001:2015 certifications and offering CE-certified products. ...Read Less
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Market Cap ₹958 Cr.
Stock P/E 28
P/B 3.6
Current Price ₹299.2
Book Value ₹ 82.1
Face Value 1
52W High ₹580.9
Dividend Yield 0.67%
52W Low ₹ 202.1
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2023 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|
| Net Sales | 0 | 43 | 45 | 53 | 40 | 49 |
| Other Income | 0 | 6 | 3 | 4 | 5 | 3 |
| Total Income | 0 | 49 | 48 | 57 | 45 | 52 |
| Total Expenditure | 0 | 36 | 37 | 42 | 36 | 43 |
| Operating Profit | 0 | 13 | 11 | 15 | 9 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 0 | 11 | 9 | 14 | 8 | 7 |
| Provision for Tax | 0 | -0 | 2 | 3 | 2 | 1 |
| Profit After Tax | 0 | 11 | 7 | 10 | 6 | 6 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 0 | 11 | 7 | 10 | 6 | 6 |
| Adjusted Earnings Per Share | 0 | 3.5 | 2.2 | 3.2 | 1.8 | 2 |
| #(Fig in Cr.) | Mar 2025 | TTM |
|---|---|---|
| Net Sales | 179 | 187 |
| Other Income | 17 | 15 |
| Total Income | 196 | 202 |
| Total Expenditure | 148 | 158 |
| Operating Profit | 48 | 44 |
| Interest | 0 | 0 |
| Depreciation | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 |
| Profit Before Tax | 42 | 38 |
| Provision for Tax | 8 | 8 |
| Profit After Tax | 34 | 29 |
| Adjustments | 0 | 0 |
| Profit After Adjustments | 34 | 29 |
| Adjusted Earnings Per Share | 10.7 | 9.2 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 0% | 0% | 0% |
| Operating Profit CAGR | 0% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 32% | NA% | NA% | NA% |
| ROE Average | 14% | 14% | 14% | 14% |
| ROCE Average | 17% | 17% | 17% | 17% |
| #(Fig in Cr.) | Mar 2025 |
|---|---|
| Shareholder's Funds | 253 |
| Minority's Interest | 0 |
| Borrowings | 0 |
| Other Non-Current Liabilities | 16 |
| Total Current Liabilities | 33 |
| Total Liabilities | 301 |
| Fixed Assets | 35 |
| Other Non-Current Assets | 203 |
| Total Current Assets | 63 |
| Total Assets | 301 |
| #(Fig in Cr.) | Mar 2025 |
|---|---|
| Opening Cash & Cash Equivalents | 12 |
| Cash Flow from Operating Activities | 5 |
| Cash Flow from Investing Activities | -10 |
| Cash Flow from Financing Activities | -2 |
| Net Cash Inflow / Outflow | -7 |
| Closing Cash & Cash Equivalent | 6 |
| # | Mar 2025 |
|---|---|
| Earnings Per Share (Rs) | 10.68 |
| CEPS(Rs) | 12.29 |
| DPS(Rs) | 2 |
| Book NAV/Share(Rs) | 79.03 |
| Core EBITDA Margin(%) | 17.12 |
| EBIT Margin(%) | 23.72 |
| Pre Tax Margin(%) | 23.48 |
| PAT Margin (%) | 19.12 |
| Cash Profit Margin (%) | 22.02 |
| ROA(%) | 11.33 |
| ROE(%) | 13.51 |
| ROCE(%) | 16.76 |
| Receivable days | 65.43 |
| Inventory Days | 45.32 |
| Payable days | 88.56 |
| PER(x) | 24.36 |
| Price/Book(x) | 3.29 |
| Dividend Yield(%) | 0.77 |
| EV/Net Sales(x) | 4.62 |
| EV/Core EBITDA(x) | 17.37 |
| Net Sales Growth(%) | 0 |
| EBIT Growth(%) | 0 |
| PAT Growth(%) | 0 |
| EPS Growth(%) | 0 |
| Debt/Equity(x) | 0 |
| Current Ratio(x) | 1.93 |
| Quick Ratio(x) | 1.26 |
| Interest Cover(x) | 99.68 |
| Total Debt/Mcap(x) | 0 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 69.61 | 69.61 | 69.61 | 69.61 | 69.61 |
| FII | 1.57 | 1.59 | 1.56 | 1.56 | 1.57 |
| DII | 0 | 0 | 0 | 0 | 0.13 |
| Public | 28.81 | 28.8 | 28.83 | 28.83 | 28.69 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 |
| FII | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| DII | 0 | 0 | 0 | 0 | 0 |
| Public | 0.92 | 0.92 | 0.92 | 0.92 | 0.92 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 |
* The pros and cons are machine generated.
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