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Change
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Day Open
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Day High
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NSE Close — 25 Sep 2026
₹218.09
Change
-0.28 (-0.13%)
Open
₹218.46
Prev. Close
₹218.37
Day High
₹219.99
Day Low
₹216.97
Volume Analysis
Traded
10,132
Delivered
7,543
Delivery %
74.45%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (0)
No signal for this stock
Weaknesses (1)
- •Low return on equity (9.2%)
Opportunities (0)
No signal for this stock
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹222.75 | ₹221.37 | ₹219.73 | ₹218.35 | ₹216.71 | ₹215.33 | ₹213.69 |
| Fibonacci | ₹221.37 | ₹220.22 | ₹219.5 | ₹218.35 | ₹217.2 | ₹216.48 | ₹215.33 |
| Camarilla | ₹218.92 | ₹218.64 | ₹218.37 | ₹218.35 | ₹217.81 | ₹217.54 | ₹217.26 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-40.04%
1 Week
+1.53%
1 Month
-4.55%
3 Months
-13.01%
6 Months
-5.62%
1 Year
-40.15%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹118.31
Current price is above the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
8.83%
Net margin 11.39% × asset turnover 0.63x × equity multiplier 1.23x
Company Overview
Sector
Capital Goods
Market Cap
₹697 Cr
P/E (TTM)
29.4
ROE
9.2%
Book Value
₹84.3
Face Value
₹1.0
Source: Screener.in (Consolidated figures) — data as of 24 Sep 2026. Not investment advice.
TopFund Analysis
Indef Manufacturing Ltd lands in the middle of the pack on TopFund's composite fundamentals check within the Capital Goods sector, at 57/100. The strongest factor is Financial Strength (100/100), while Momentum (5/100) is the weakest area to weigh before deciding. Notably: Low return on equity (9.2%).
TopFund Score — Fundamentals Quality
57/100 — AverageData confidence: 75/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Financial Strength
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company has reduced debt.
- +Company is almost debt free.
- +Company's working capital requirements have reduced from 36.0 days to 22.1 days
- −Stock is trading at 2.59 times its book value
- −Tax rate seems low
- −Earnings include an other income of Rs.11.0 Cr.
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Board approved Q1 FY2026-27 standalone and consolidated results on August 12, 2026.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 43 | 45 | 53 | 40 | 49 | 51 | 68 | 34 |
| Expenses + | 36 | 37 | 42 | 36 | 43 | 47 | 59 | 35 |
| Operating Profit | 7 | 7 | 11 | 4 | 6 | 4 | 9 | -1 |
| OPM % | 15.9% | 16.7% | 20.16% | 9.34% | 12.74% | 8.1% | 13.48% | -2.84% |
| Other Income + | 6 | 3 | 4 | 5 | 3 | 4 | -5 | 9 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit before tax | 11 | 9 | 14 | 8 | 7 | 7 | 2 | 6 |
| Tax % | -0.98% | 24.95% | 25.46% | 25.23% | 16.17% | 29.16% | -203.17% | 12.74% |
| Net Profit + | 11 | 7 | 10 | 6 | 6 | 5 | 7 | 6 |
| EPS in Rs | — | 2 | 3 | 2 | 2 | 2 | 2 | 2 |
| Raw PDF | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| Sales + | 179 | 208 | 202 |
| Expenses + | 148 | 184 | 184 |
| Operating Profit | 31 | 23 | 19 |
| OPM % | 17.0% | 11.0% | 9.0% |
| Other Income + | 17 | 8 | 11 |
| Interest | 0 | 0 | 0 |
| Depreciation | 5 | 6 | 7 |
| Profit before tax | 42 | 24 | 23 |
| Tax % | 19.0% | 2.0% | — |
| Net Profit + | 34 | 23 | 23 |
| EPS in Rs | 11 | 7 | 7 |
| Dividend Payout % | 0.0% | 27.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Reserves | 250 | 267 |
| Borrowings + | 4 | 3 |
| Other Liabilities + | 45 | 60 |
| Total Liabilities | 301 | 332 |
| Fixed Assets + | 35 | 46 |
| CWIP | 2 | 0 |
| Investments | 199 | 210 |
| Other Assets + | 66 | 77 |
| Total Assets | 301 | 332 |
| Equity Capital | 3 | 3 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from Operating Activity + | 5 | 24 |
| Cash from Investing Activity + | -10 | -15 |
| Cash from Financing Activity + | -2 | -9 |
| Net Cash Flow | -7 | 0 |
| CFO/OP | 33 | 132 |
| Free Cash Flow | -4 | 18 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Public | 28.82% | 28.8% | 28.83% | 28.83% | 28.7% | 29.27% |
| Promoters | 69.61% | 69.61% | 69.61% | 69.61% | 69.61% | 69.61% |
| FII | 1.57% | 1.59% | 1.56% | 1.56% | 1.57% | 1.11% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% | 0.13% | 0.0% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Capital Goods — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Indef Manufacturing Ltd (this stock) | 697 | 29.4 | 2.59 | 9.2% |
| Permanent Magnets Ltd. | 713 | 54.1 | 4.55 | 10.5% |
| Indo Farm Equipment Ltd | 669 | 26.8 | 1.2 | 4.82% |
| Bajaj Steel Inds. Ltd. | 733 | 25.1 | 1.73 | 9.11% |
| Rama Steel Tubes Limited | 733 | 56.6 | 1.53 | 2.75% |
| Kanpur Plastipack Limited | 638 | 14.1 | 2.35 | 14.9% |
| Hy-tech Engineers Limited | 636 | 28.3 | — | 20.2% |
Which Mutual Funds Hold Indef Manufacturing Ltd?
Frequently Asked Questions about Indef Manufacturing Ltd
Indef Manufacturing Ltd (BAJAJINDEF) closed at ₹218.09 on NSE on 25 September 2026, down 0.28 (0.13%) from the previous close.
Indef Manufacturing Ltd trades on the NSE (National Stock Exchange of India) under the symbol BAJAJINDEF.
Indef Manufacturing Ltd has a trailing twelve-month P/E (price-to-earnings) ratio of 29.4.
Indef Manufacturing Ltd has a dividend yield of 0.92%.
Indef Manufacturing Ltd's 52-week high is ₹449.0 and its 52-week low is ₹207.0.
Indef Manufacturing Ltd has a market capitalisation of ₹697 crore.
Indef Manufacturing Ltd has a TopFund Quality Score of 57/100 (Average), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
Community Sentiment
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