Indef Manufacturing Limited

About

Indef Manufacturing Limited provides material handling solutions in India. It also manufactures, sells, distributes and markets mechanical hoists, ergonomic handling solutions, overhead crane, EOT crane, electric chain hoists and wire rope hoists, stackers, and storage and retrieval solutions. The company also offers chain pulley blocks and ratchet lever hoists, as well as electric chain hoists and electric wire rope hoists; electric overhead travelling (EOT) cranes, gantry cranes, jib cranes, and light profile cranes; and floor-operated stackers and roll-out racks under Bajaj Indef, iCrane, and iStacker brands. The company serves oil and gas, engineering, auto and auto ancillary, cement, metals, and other industries. Indef Manufacturing Limited was incorporated in 2022 and is headquartered in Navi Mumbai, India.

Key Metrics

as of Sep 2026

Market Cap713 Cr

P/E30.10

Div Yield0.90 %

Book Value₹84.30

52w High₹449.00

52w Low₹207.00

Face Value₹1.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023
Sales	28.24	61.06	48.63	47.85	38.13	51.59	44.22	42.77	38.14	57.30	39.94
Expenses	29.43	51.03	43.44	41.20	34.28	40.93	36.70	35.94	32.50	43.99	33.92
Operating Profit	-1.19	10.03	5.19	6.65	3.85	10.66	7.52	6.83	5.64	13.31	6.02
OPM %	-4.21	16.43	10.67	13.90	10.10	20.66	17.01	15.97	14.79	23.23	15.07
Other Income	9.13	-4.33	4.36	2.80	5.32	4.30	3.31	5.84	3.53	3.71	3.62
Depreciation	1.17	2.00	1.17	1.33	1.27	1.28	1.33	1.36	1.19	1.10	1.08
Interest	0.04	0.05	0.06	0.07	0.08	0.09	0.10	0.11	0.12	0.13	0.13
Profit before tax	6.73	3.65	8.32	8.05	7.82	13.59	9.40	11.20	7.86	15.79	8.43
Tax %	13.22	-99.73	25.48	16.77	24.94	25.39	24.89	-0.98	27.10	26.09	33.57
Net Profit	5.84	7.29	6.20	6.70	5.86	10.14	7.06	11.31	5.73	11.66	5.60
EPS in Rs	1.82	2.28	1.94	2.09	1.83	3.17	2.21	—	—	—	—

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Sales	196.00	177.00	180.00	0.00
Expenses	170.00	146.00	150.00	0.00
Operating Profit	26.00	31.00	29.00	0.00
OPM %	13.00	17.00	16.00	11.00
Other Income	8.00	17.00	13.00	0.00
Interest	0.00	0.00	1.00	0.00
Depreciation	6.00	5.00	4.00	0.00
Profit before tax	28.00	42.00	38.00	0.00
Tax %	6.00	19.00	28.00	0.00
Net Profit	26.00	34.00	27.00	0.00
EPS in Rs	8.14	10.70	—	—
Dividend Payout %	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Equity Capital	3.00	3.00	3.00	0.01
Reserves	269.00	250.00	216.00	0.00
Borrowings	2.00	4.00	5.00	0.00
Other Liabilities	51.00	44.00	53.00	0.00
Total Liabilities	326.00	301.00	277.00	0.00
Fixed Assets	35.00	35.00	34.00	0.00
CWIP	0.00	2.00	0.00	0.00
Investments	215.00	199.00	181.00	0.00
Other Assets	75.00	65.00	63.00	0.00
Total Assets	326.00	301.00	277.00	0.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Cash from Operating Activity	32.00	5.00	29.00	0.00
Cash from Investing Activity	-25.00	-10.00	-31.00	0.00
Cash from Financing Activity	-8.00	-2.00	-2.00	0.00
Net Cash Flow	-2.00	-7.00	-3.00	0.00
Free Cash Flow	28.00	-3.00	27.00	0.00
CFO/OP %	151.00	34.00	114.00	100.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024
Debtor Days	48.00	64.00	40.00
Inventory Days	93.00	87.00	83.00
Days Payable	95.00	87.00	84.00
Cash Conversion Cycle	46.00	64.00	39.00
Working Capital Days	44.00	51.00	6.00
ROCE %	11.00	18.00	34.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025
Promoters	69.61	69.61	69.61	69.61	69.61	69.61
FIIs	1.11	1.57	1.56	1.56	1.59	1.57
DIIs	0.00	0.13	0.00	0.00	0.00	0.00
Public	29.27	28.70	28.83	28.83	28.80	28.82
No. of Shareholders	19,479	19,622	20,163	20,682	20,032	18,762