Indef Manufacturing Key Ratios
NSE: BAJAJINDEF | BSE: 544364
₹190.65
As on 09-Nov-2026IST
Market cap
₹601 Cr
Revenue (TTM)
₹205 Cr
P/E Ratio
29.7
P/B Ratio
2.2
Div. Yield
1.1 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 70.57 | 0.66 | 2.37 | -- | -- |
| EBIT | 315.60 | -4.28 | -37.10 | 1,180.95 | -- |
| Net Profit | -34.13 | -42.62 | -19.67 | 1,300.04 | -- |
| EPS | -34.13 | -42.62 | -22.17 | 119.46 | -- |
| Book Value | -- | -- | 7.63 | 1,093.90 | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 12.31 | -- | 5.58 | 8.09 | 14.22 |
| Net Margin
| 15.21 | -- | 9.31 | 10.84 | 17.46 |
| Return on equity
| 12.33 | -- | 7.83 | 8.95 | 13.51 |
| Return on Capital
| -128.13 | -- | -- | 9.32 | 16.76 |
| Return on Assets
| -150.59 | -- | 6.15 | 7.38 | 11.33 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.00 | 0.00 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
9.32
|
16.76
|
--
|
--
|
|
Peer Median
|
--
|
8.63
|
16.39
|
13.17
|
--
|
ROE
7.83
Lower than Peers by 3.00
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
7.83
|
8.95
|
13.51
|
--
|
--
|
|
Peer Median
|
10.83
|
6.90
|
7.71
|
15.09
|
--
|
ROA
6.15
Higher than Peers by 0.65
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
6.15
|
7.38
|
11.33
|
--
|
--
|
|
Peer Median
|
5.50
|
4.19
|
6.09
|
4.36
|
--
|
EBIT Margin
5.58
Lower than Peers by 5.18
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
5.58
|
8.09
|
14.22
|
--
|
--
|
|
Peer Median
|
10.76
|
9.51
|
12.31
|
13.04
|
--
|
Net Margin
9.31
Lower than Peers by 1.60
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
9.31
|
10.84
|
17.46
|
--
|
--
|
|
Peer Median
|
10.91
|
10.25
|
14.39
|
6.47
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
14.38
|
22.02
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
9.70
Lower than Peers by 4.86
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
9.70
|
16.27
|
--
|
--
|
--
|
|
Peer Median
|
14.56
|
17.27
|
29.12
|
34.92
|
--
|
EBIT Growth
-49.71
Lower than Peers by 75.14
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
-49.71
|
-33.88
|
--
|
--
|
--
|
|
Peer Median
|
25.43
|
2.10
|
69.12
|
63.08
|
--
|
Net Profit Growth
-19.67
Lower than Peers by 32.17
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
-19.67
|
-31.52
|
--
|
--
|
--
|
|
Peer Median
|
12.50
|
-20.38
|
14.25
|
89.73
|
--
|
EPS Growth
-22.17
Lower than Peers by 37.76
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
-22.17
|
-30.83
|
--
|
--
|
--
|
|
Peer Median
|
15.59
|
-17.74
|
27.29
|
78.95
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
6.67
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
0.05
|
0.01
|
0.01
|
--
|
Current Ratio
1.48
Lower than Peers by 0.05
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
1.48
|
1.34
|
1.93
|
--
|
--
|
|
Peer Median
|
1.54
|
1.53
|
1.29
|
1.48
|
--
|
Quick Ratio
0.81
Lower than Peers by 0.22
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
0.81
|
0.80
|
1.26
|
--
|
--
|
|
Peer Median
|
1.03
|
0.95
|
1.45
|
1.19
|
--
|
Interest Coverage
52.86
Higher than Peers by 42.06
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
52.86
|
64.21
|
99.68
|
--
|
--
|
|
Peer Median
|
10.79
|
15.51
|
8.35
|
5.88
|
--
|
Operating Efficiency
Debtors to sales
13.86
Lower than Peers by 17.40
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
13.86
|
15.38
|
17.93
|
--
|
--
|
|
Peer Median
|
31.26
|
23.46
|
33.18
|
30.71
|
--
|
Asset Turnover
0.63
Lower than Peers by 0.05
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
0.63
|
0.66
|
0.59
|
--
|
--
|
|
Peer Median
|
0.68
|
0.63
|
0.74
|
0.71
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
56.21
|
65.43
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
47.18
|
45.32
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
90.74
|
88.56
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
--
|
12.65
|
22.19
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
29.69
Lower than Peers by 2.68
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
29.69
|
28.49
|
24.36
|
--
|
--
|
|
Peer Median
|
32.37
|
32.01
|
52.02
|
52.28
|
--
|
Price / Book Value
2.21
Lower than Peers by 3.55
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
2.21
|
2.50
|
3.29
|
--
|
--
|
|
Peer Median
|
5.76
|
4.05
|
7.38
|
8.12
|
--
|
Dividend Yield
1.07
Higher than Peers by 0.64
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
1.07
|
0.95
|
0.77
|
--
|
--
|
|
Peer Median
|
0.43
|
0.64
|
--
|
0.13
|
--
|
EV/EBITDA
22.30
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
22.30
|
21.19
|
17.37
|
--
|
--
|
|
Peer Median
|
--
|
31.78
|
24.37
|
68.90
|
--
|
Market Cap
601
Lower than Peers by 1,078
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Indef Manufacturing
|
601
|
673
|
832
|
--
|
--
|
|
Peer Median
|
1,679
|
1,140
|
1,997
|
2,167
|
--
|