Indef Manufacturing Limited (IN:BAJAJINDEF)
:BAJAJINDEF
Want to see IN:BAJAJINDEF full AI Analyst Report?
Top Page
Indef Manufacturing Limited
(BAJAJINDEF)
Select Model
Select Model
Rating:62Neutral
Price Target:
₹289.00
▼(-29.58% Downside)
Action:N/A
Date:05/28/26
The score is supported primarily by a very strong, low-debt balance sheet and improving cash flow, but is held back by weaker profitability (margin compression and lower net income) and bearish-to-soft technical signals. Valuation is only moderately supportive given the relatively high P/E and low dividend yield.
Positive Factors
Very conservative balance sheet / low leverage
Extremely low leverage and a large equity cushion provide durable financial flexibility: supports capital spending, withstands cyclical downturns, and reduces refinancing and liquidity risk. This structural strength improves resilience and optionality over the next 2–6 months and beyond.
Negative Factors
Material margin compression
Significant declines in gross and net margins indicate persistent pricing pressure, rising input costs, or deteriorating product mix. Lower margins reduce the firm’s ability to absorb shocks, limit reinvestment capacity, and can structurally weaken return on invested capital if not addressed.
Read all positive and negative factors
Positive Factors
Negative Factors
Very conservative balance sheet / low leverage
Extremely low leverage and a large equity cushion provide durable financial flexibility: supports capital spending, withstands cyclical downturns, and reduces refinancing and liquidity risk. This structural strength improves resilience and optionality over the next 2–6 months and beyond.
Read all positive factors
Indef Manufacturing Limited (BAJAJINDEF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.71B
Dividend Yield0.62%
Average Volume (3M)1.75K
Price to Earnings (P/E)34.2
Beta (1Y)1.67
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees188
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)5.13
Shares Outstanding32,000,000
10 Day Avg. Volume862
30 Day Avg. Volume1,747
Financial Highlights & Ratios
PEG Ratio-0.92
Price to Book (P/B)2.50
Price to Sales (P/S)3.24
P/FCF Ratio36.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Indef Manufacturing Limited Business Overview & Revenue Model
Company Description
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,...
How the Company Makes Money
null...
Indef Manufacturing Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 1.02B | 2.08B | 1.77B |
| Gross Profit | 406.71M | 580.58M | 725.50M |
| EBITDA | 196.60M | 232.69M | 475.46M |
| Net Income | 163.88M | 236.28M | 341.60M |
Balance Sheet | |||
| Total Assets | 3.12B | 3.32B | 3.01B |
| Cash, Cash Equivalents and Short-Term Investments | 34.52M | 64.99M | 61.74M |
| Total Debt | 57.56M | 29.32M | 59.47M |
| Total Liabilities | 551.68M | 633.20M | 484.99M |
| Stockholders Equity | 2.58B | 2.70B | 2.53B |
Cash Flow | |||
| Free Cash Flow | 175.05M | 182.61M | -39.71M |
| Operating Cash Flow | 204.55M | 237.15M | 48.28M |
| Investing Cash Flow | -124.48M | -147.41M | -97.00M |
| Financing Cash Flow | -86.94M | -89.38M | -19.75M |
Indef Manufacturing Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹12.67B | 24.34 | ― | 0.46% | 21.31% | 40.34% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ₹8.71B | 34.24 | ― | 0.62% | ― | ― | |
60 Neutral | ₹10.91B | 48.29 | ― | 0.74% | -10.44% | -53.46% | |
58 Neutral | ₹8.08B | 28.89 | ― | ― | 14.86% | 64.96% | |
56 Neutral | ₹8.49B | 28.99 | ― | 0.87% | -19.34% | -49.87% |
* Industrials Sector Average
IN:BAJAJINDEF
Indef Manufacturing Limited
252.00
6.19
2.52%
IN:ASAL
Automotive Stampings & Assemblies Ltd.
504.40
19.50
4.02%
IN:DIFFNKG
Diffusion Engineers Limited
328.70
52.03
18.81%
IN:HITECHGEAR
Hi-Tech Gears Limited
577.50
-57.19
-9.01%
IN:RACLGEAR
RACL Geartech Ltd
1,313.05
367.59
38.88%
IN:STERTOOLS
Sterling Tools Limited
236.55
-83.64
-26.12%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.