| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 34.5 | 39.7 | −13.2% |
| EBITDA | −1.0 | 3.7 | — |
| EBITDA margin | −2.8% | 9.4% | −12.2 pts |
| Profit before tax | 6.3 | 7.6 | −17.0% |
| Net profit | 5.5 | 5.7 | −3.0% |
| EPS | ₹1.72 | ₹1.77 | −2.8% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 |
|---|
| 592 | — | — | |
| 5.6 | 5.6 | 5.5 | |
| −0.9 | −0.9 | — | |
| 586 | — | — | |
| 202 | 208 | 179 | |
| — | +16.3% | — | |
| 18.6 | 23.3 | 30.6 | |
| 9.2% | 11.2% | 17.1% | |
| 12.0 | 16.8 | 25.4 | |
| 23.2 | 23.4 | 34.2 | |
| 11.5% | 11.3% | 19.1% | |
| ₹7.32 | ₹7.39 | ₹10.68 | |
| — | −30.8% | — | |
| — | 23.3 | 4.8 | |
| — | −5.5 | −8.8 | |
| 17.8 | 17.8 | −4.0 | |
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|
| Market Capitalization | — | — | 591.9 | |
| - Cash, Equiv & ST Investments | 5.5 | 5.6 | 5.6 | |
| + Minority Interest | — | -0.9 | -0.9 | |
| Enterprise Value | — | — | 585.5 | |
| Revenue | 178.6 | 207.7 | 202.5 | |
| Growth %, YoY | — | +16.3 | — | |
| EBITDA | 30.6 | 23.3 | 18.6 | |
| Margin % | 17.12 | 11.20 | 9.17 | |
| EBIT | 25.4 | 16.8 | 12.0 | |
| Net Income | 34.2 | 23.4 | 23.2 | |
| Margin % | 19.12 | 11.26 | 11.47 | |
| EPS, Adj (current shares) | 10.68 | 7.39 | 7.32 | |
| Growth %, YoY | — | -30.8 | — | |
| Cash from Operations | 4.8 | 23.3 | — | |
| Capital Expenditures | -8.8 | -5.5 | — | |
| Free Cash Flow | -4.0 | 17.8 | 17.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Indef Manufacturing (NSE: BAJAJINDEF) had a market capitalisation of ₹581 crore at the 29 October 2026 close (₹181.69 a share), a PE ratio of 25.0 on the last four quarters' profit and a price-to-book ratio of 2.16. In FY26 its consolidated net profit was ₹23.4 crore on revenue of ₹208 crore; in Q1 FY27 (April–June 2026) it was ₹5.5 crore, down 3.0% year on year. It had no borrowings on 31 March 2026. Promoters held 69.61% of the shares on 30 September 2026.
Indef Manufacturing's PE ratio is 25.0 at the 29 October 2026 close (₹181.69 a share): a market capitalisation of ₹581 crore divided by consolidated net profit of ₹23.3 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹23.4 crore) it is 24.9.
Indef Manufacturing's price-to-book (PB) ratio is 2.16 at the 29 October 2026 close: a market capitalisation of ₹581 crore divided by shareholders' equity (book value) of ₹270 crore on 31 March 2026. That is a book value of ₹84.30 per share against a share price of ₹181.69.
In FY26, Indef Manufacturing's return on equity (ROE) was 9.0% and its return on capital employed (ROCE) was 6.2%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities).
Indef Manufacturing's market capitalisation was ₹581 crore at the 29 October 2026 close: 3.2 crore shares at ₹181.69 each.
Yes. Indef Manufacturing had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹6.5 crore of cash, bank balances and current investments.
In 2026, Indef Manufacturing has declared one dividend: ₹2 with record date 5 August 2026.
Indef Manufacturing's debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹269 crore. A year earlier, on 31 March 2025, it was 0.00.
Indef Manufacturing's net worth — shareholders' equity in its consolidated balance sheet — was ₹270 crore on 31 March 2026, up 6.7% from ₹253 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹581 crore at the 29 October 2026 close.
Promoters held 69.61% of Indef Manufacturing on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Indef Manufacturing's book value per share was ₹84.30 on 31 March 2026: shareholders' equity of ₹270 crore divided by the 3.2 crore shares in issue, up 6.7% from ₹79.03 a year earlier. The share price at the 29 October 2026 close was ₹181.69.
Indef Manufacturing's dividend yield is 1.10% at the 29 October 2026 close: dividends of ₹2 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹181.69. They were ₹2 on 5 August 2026.
On 30 September 2026, Indef Manufacturing's shares were held by promoters 69.61%, foreign portfolio investors (FII/FPI) 0.64% and retail and other non-institutional investors 29.75%. Over the year, FII holding was down 0.92 percentage points from 1.56%.
Indef Manufacturing's basic earnings per share (EPS) were ₹7.38 in FY26, against ₹10.68 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹7.34.
In FY26 (April 2025–March 2026), Indef Manufacturing's consolidated net profit was ₹23.4 crore, down 31.5% from ₹34.2 crore in FY25, on revenue from operations of ₹208 crore (up 16.3%).
Indef Manufacturing will announce its Q2 FY27 results (July–September 2026) on Monday, 2 November 2026, the date of the board meeting it has notified to the exchanges.
In FY26, Indef Manufacturing generated ₹23.3 crore of cash from operations and spent ₹5.5 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹17.8 crore. In FY25 it was −₹4 crore.
Indef Manufacturing's latest results are for Q1 FY27 (April–June 2026), filed on 12 August 2026: consolidated net profit ₹5.5 crore, down 3.0% from ₹5.7 crore in Q1 FY26; revenue from operations ₹34.5 crore, down 13.2% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, Indef Manufacturing's PE ratio is 24.9, the third highest of the four: International Conveyors 6.9, Mamata Machinery 58.8 and Salasar Techno Engineering 39.8, a peer average of 35.2. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against International Conveyors, Mamata Machinery and Salasar Techno Engineering: Indef Manufacturing's operating margin of 8.1% is the second highest of the four (International Conveyors 18.1%, Mamata Machinery 7.7%, Salasar Techno Engineering 5.8%; peer average 10.5%); its return on equity of 9.0% is the second highest of the four (International Conveyors 17.4%, Mamata Machinery 8.5%, Salasar Techno Engineering 2.1%; peer average 9.3%).
In FY26, Indef Manufacturing earned net profit of ₹23.4 crore on revenue of ₹208 crore, against ₹68.4 crore on ₹213 crore for International Conveyors. Indef Manufacturing's operating margin was 8.1% (International Conveyors 18.1%) and its return on equity 9.0% (International Conveyors 17.4%). At the 29 October 2026 close, Indef Manufacturing's market capitalisation was ₹581 crore against ₹475 crore for International Conveyors, and its PE ratio on FY26 profit 24.9 against 6.9.
From Indef Manufacturing's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.