₹234.75
▲ +5.55 +2.42%
As of 28 Jul 2026 · delayed
NSE Listed · Capital Goods-Non Electrical Equipment
Indef Manufacturing Ltd. (BAJAJINDEF)
Volume: 11,890Avg Vol 1W: 20,544Avg Vol 1M: 19,84952W Range:₹207.25₹449.9
Key Ratios
Checked 5h agoMarket Cap₹733 Cr
Current Price₹234.75
Previous Close₹229.2
High / Low (52w)₹449.9 / ₹207.25
Volume11,890
Avg Vol (1W)20,544
Avg Vol (1M)19,849
Stock P/E107.61
Book Value₹84.3
Dividend Yield0.81%
ROE8.76%
ROA7.04%
Revenue (TTM)—
Revenue Growth—
Profit Margin11.38%
Total Debt₹0 Cr
Shares Outstanding3 Cr
Face Value₹1
EPS (TTM)₹2.13
P/B2.72
Debt / Equity0.01
50 DMA₹248.27
200 DMA₹296.02
Day change+2.42%
Price Chart
₹234.75▼ 43.48% · 1Y
2025-07-292026-07-28
20-day avg volume: 20K shares
Pros
- Company is almost debt-free.
- Revenue grew 254% YoY.
- Net profit is growing year over year.
Cons
- Stock trades at a high P/E of 108.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹38 Cr | ₹43 Cr | ₹45 Cr | ₹53 Cr | ₹40 Cr | ₹49 Cr | ₹51 Cr | ₹68 Cr |
| EBITDA | ₹8 Cr | ₹11 Cr | ₹9 Cr | ₹14 Cr | ₹8 Cr | ₹8 Cr | ₹7 Cr | ₹3 Cr |
| Net Profit | ₹6 Cr | ₹11 Cr | ₹7 Cr | ₹10 Cr | ₹6 Cr | ₹6 Cr | ₹5 Cr | ₹7 Cr |
| EPS | 1.78 | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Dec 2024 | Mar 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹44 Cr | ₹196 Cr | ₹52 Cr | ₹38 Cr | ₹48 Cr | ₹49 Cr | ₹216 Cr | ₹61 Cr |
| EBITDA | ₹10 Cr | ₹42 Cr | ₹14 Cr | ₹8 Cr | ₹8 Cr | ₹9 Cr | ₹25 Cr | ₹4 Cr |
| Net Profit | ₹7 Cr | ₹34 Cr | ₹10 Cr | ₹6 Cr | ₹7 Cr | ₹6 Cr | ₹24 Cr | ₹7 Cr |
| EPS | — | 10.68 | — | — | — | — | 7.38 | — |
Balance Sheet
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Total Assets | ₹0 Cr | ₹0 Cr | ₹301 Cr | ₹332 Cr |
| Total Liabilities | ₹0 Cr | ₹0 Cr | ₹49 Cr | ₹63 Cr |
| Equity | ₹0 Cr | ₹0 Cr | ₹253 Cr | ₹269 Cr |
| Total Debt | ₹0 Cr | ₹0 Cr | — | — |
Cash Flow
| Metric | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Operating | ₹0 Cr | ₹33 Cr | ₹10 Cr | ₹31 Cr |
| Investing | ₹0 Cr | ₹-31 Cr | ₹-10 Cr | ₹-15 Cr |
| Financing | ₹0 Cr | ₹-2 Cr | ₹-2 Cr | ₹-9 Cr |
| Free Cash Flow | ₹0 Cr | ₹33 Cr | ₹10 Cr | ₹31 Cr |
Shareholding
Promoter 69.61% Institutions 1.11% Public 29.28%
Efficiency & Working Capital
ROCE16.5%
Interest Coverage64.1
Dividend Payout—
Debtor Days65 d
Inventory Days45 d
Payable Days47 d
Cash Conversion Cycle64 d
Working Capital Days111 d
Shareholding Details
As of 2026-06-30
Promoter69.6%
FII1.1%
DII0%
Institutions1.1%
Public29.3%
Promoter Pledge0%
No. of Shareholders19,479
Shareholding Pattern
Quarterly — figures in %. Latest 8 quarters.
| Period | Dec 2024 | Feb 2025 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 69.6% | 69.6% | 69.6% | 69.6% | 69.6% | 69.6% | 69.6% | 69.6% |
| FIIs | 1.6% | 1.6% | 1.6% | 1.6% | 1.6% | 1.6% | 1.6% | 1.1% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% | 0% |
| Public | 28.8% | 28.8% | 28.8% | 28.8% | 28.8% | 28.8% | 28.7% | 29.3% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 19,229 | 19,229 | 18,762 | 20,032 | 20,682 | 20,163 | 19,622 | 19,479 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Bajaj Holdings And Investment Ltd | Shareholding of Promoter and Promoter Group | 19.5% | 62,51,040 |
| Jamnalal Sons Private Limited | Shareholding of Promoter and Promoter Group | 19.4% | 61,93,016 |
| Bajaj Sevashram Private Limited | Shareholding of Promoter and Promoter Group | 5.8% | 18,68,000 |
| Heinrich De Fries Gmbh | Public Shareholding | 5% | 16,00,000 |
| Bachhraj Factories Private Limited | Shareholding of Promoter and Promoter Group | 3.9% | 12,35,280 |
| Kiran Bajaj | Shareholding of Promoter and Promoter Group | 3.6% | 11,34,666 |
| Niraj Bajaj | Shareholding of Promoter and Promoter Group | 3.4% | 10,94,400 |
| Devaj Ravi Jhunjhunwala | Public Shareholding | 3.3% | 10,42,855 |
| Shekhar Bajaj | Shareholding of Promoter and Promoter Group | 2.8% | 9,06,400 |
| Niraj Bajaj Trust | Shareholding of Promoter and Promoter Group | 1.7% | 5,52,000 |
| Pooja Bajaj | Shareholding of Promoter and Promoter Group | 1.7% | 5,54,667 |
| Vanraj Anant Bajaj | Shareholding of Promoter and Promoter Group | 1.7% | 5,54,667 |
| Kumud Bajaj A/c Nimisha Bajaj Family Trust | Shareholding of Promoter and Promoter Group | 1.6% | 5,06,133 |
| Kumud Bajaj A/c Neelima Bajaj Family Trust | Shareholding of Promoter and Promoter Group | 1.6% | 5,06,133 |
| Shekhar Holdings Pvt. Ltd. | Shareholding of Promoter and Promoter Group | 1.3% | 4,00,000 |
| Neelima Bajaj Swamy A/c Kumud Nimisha Family Trust | Shareholding of Promoter and Promoter Group | 0.4% | 1,26,533 |
| Nimisha Jaipuria A/c Kumud Neelima Family Trust | Shareholding of Promoter and Promoter Group | 0.4% | 1,26,533 |
| Kumud Bajaj Trust | Shareholding of Promoter and Promoter Group | 0.4% | 1,26,534 |
| Kumud Bajaj Trust | Shareholding of Promoter and Promoter Group | 0.4% | 1,26,534 |
| Kumud Bajaj | Shareholding of Promoter and Promoter Group | 0% | 2,000 |
| Sanjivnayan Bajaj | Shareholding of Promoter and Promoter Group | 0% | 2,400 |
| Sanjivnayan Bajaj Trust | Shareholding of Promoter and Promoter Group | 0% | 2,928 |
| Sanjivnayan Bajaj Trust | Shareholding of Promoter and Promoter Group | 0% | 2,928 |
| Niraj Holdings Private Limited | Shareholding of Promoter and Promoter Group | 0% | 2,928 |
| Late Madhur Bajaj | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Shekhar Bajaj | Chairman & Non Executive Dir. | 2025 |
| JAYAVANTH KALLIANPUR MALLYA | Independent Non Exe. Director | 2025 |
| Vikram Taranath Hosangady | Independent Non Exe. Director | 2025 |
| Girija Balakrishnan | Independent Non Exe. Director | 2025 |
| AMIT BHALLA | Managing Director | 2025 |
| Vandan Shah | Non Executive Director | 2025 |
| Vineesh Vijayan Thazhumpal | Company Sec. & Compli. Officer | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹1 | 4 | 3 | 3 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| forthcoming | 2026-08-05 | Dividend (2/- per share) | Final |
| dividend | 2026-08-05 | ₹2 (200%) | Final |
| dividend | 2025-08-05 | ₹2 (200%) | Final |
| forthcoming | — | Book Closure | AGM & 200% Final Dividend |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 3 | 10 | 25 |
| 2025 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2025 | 0 | 0 | 0 | 0 | 1 | 13 |
Insider / Designated-Person Trades
2 recent disclosure(s)
Kumud BajajAcquisition · 1,000
Late Madhur BajajDisposal · 1,000
Company Information
Incorporated2022
ChairmanShekhar Bajaj
AuditorKanu Doshi Associates LLP
Investor Email[email protected]
📍 Bajaj Bhawan 2nd Floor 226, Jamanlal Bajaj Marg, Mumbai, Maharashtra, 400021
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