INDUS Holding (INH) AI Stock Analysis

• Market Cap: €688.86M
• Dividend Yield: 4.4%
• Average Volume (3M): 24.16K
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.04
• Revenue Growth: -0.42%
• EPS Growth: 11.48%
• Country: DE
• Employees: 8,054
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 0.31
• Shares Outstanding: 25,800,000
• 10 Day Avg. Volume: 28,257
• 30 Day Avg. Volume: 24,158
• PEG Ratio: 0.31
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.41
• P/FCF Ratio: 6.98
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €33.50
• Price Target Upside: 9.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 3.17
• Revenue Forecast (FY): €1.83B

• Rating: 62 Neutral
• Price Target: €30.00 ▼(-2.28% Downside)
• Action: Downgraded Date: 03/27/26
• Date: Action: Downgraded 03/27/26

The score is driven by steady financial performance with strong, consistently positive free cash flow, and an attractive valuation (low P/E and ~4.25% dividend yield). These positives are tempered by weak technical momentum (price below key moving averages and negative MACD) and balance-sheet leverage around ~1x debt-to-equity, which adds risk if operations soften.

Positive Factors

Diversified industrial holding model

INDUS’s core model of owning and operating a portfolio of mid-sized engineering and manufacturing subsidiaries creates durable, diversified cashflow sources across end markets. Majority ownership enables operational control and upstream cash transfers, reducing single-business concentration risk and supporting steady consolidated earnings over time.

Negative Factors

Moderate-to-elevated leverage

Debt roughly equal to equity and rising debt in 2025 constrain financial flexibility. In an industrial holding model where subsidiaries’ cash flows can be cyclical, this leverage amplifies refinancing and interest-rate risk, limiting ability to pursue opportunistic acquisitions or absorb downturns without selling assets or cutting investment.

INDUS Holding Business Overview & Revenue Model

Company Description

INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencie...

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INDUS Holding AG is a private equity firm specializing in mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencie...

How the Company Makes Money

INDUS makes money primarily through the operating performance of its majority-owned portfolio companies. Revenue is generated at the subsidiary level from selling industrial products and engineering/manufacturing services to business customers (e....

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INDUS makes money primarily through the operating performance of its majority-owned portfolio companies. Revenue is generated at the subsidiary level from selling industrial products and engineering/manufacturing services to business customers (e....

INDUS Holding Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.74B	1.72B	1.81B	1.80B	1.74B
Gross Profit	338.91M	961.49M	989.30M	965.44M	953.58M
EBITDA	229.71M	215.16M	250.15M	218.10M	245.00M
Net Income	69.03M	53.71M	55.44M	72.89M	46.81M
Balance Sheet
Total Assets	1.97B	1.81B	1.93B	1.89B	1.86B
Cash, Cash Equivalents and Short-Term Investments	217.61M	145.15M	265.84M	127.82M	136.32M
Total Debt	761.64M	686.59M	772.01M	721.37M	640.45M
Total Liabilities	1.24B	1.11B	1.21B	1.20B	1.07B
Stockholders Equity	729.42M	697.54M	717.94M	683.16M	785.63M
Cash Flow
Free Cash Flow	101.82M	92.78M	155.71M	61.80M	40.98M
Operating Cash Flow	150.19M	143.68M	217.66M	116.34M	116.57M
Investing Cash Flow	-73.24M	-65.37M	-50.08M	-94.44M	-130.36M
Financing Cash Flow	-1.63M	-199.88M	-501.00K	55.91M	-44.47M

INDUS Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 30.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:INH, the sentiment is Negative. The current price of 30.7 is above the 20-day moving average (MA) of 28.37, above the 50-day MA of 30.10, and above the 200-day MA of 25.73, indicating a neutral trend. The MACD of -0.88 indicates Positive momentum. The RSI at 36.22 is Neutral, neither overbought nor oversold. The STOCH value of 19.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:INH.

INDUS Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MBB	67 Neutral	€728.09M	11.94	9.50%	1.64%	13.42%	155.75%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
INH	62 Neutral	€688.86M	10.29	9.71%	4.40%	-0.42%	11.48%
DBAN	60 Neutral	€470.12M	6.87	3.88%	4.99%	-17.47%	76.28%
PAT	53 Neutral	€606.06M	19.78	―	4.33%	0.23%	―
IUR	43 Neutral	€11.81M	-4.00	-8.58%	―	―	―
BRNK	39 Underperform	€118.66M	-0.37	-40.94%	―	-13.22%	-67.54%