Arthneeti

Indef Manufacturing Q2 FY27 Share Price & Earnings Call Analysis

₹183.98+1.26% today
Market cap
₹589 Cr
P/E
24.88
ROE
9.20%
Price to sales
2.91
Debt to equity
0.01
52W high / low
₹380 / ₹177
EBITDA margin
9.17%
Net profit margin
11.47%
Promoter holding
69.61%
Sales (last year)
₹202 Cr

Incorporated in 2022, Indef Manufacturing Ltd is in the manufacturing business[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Industrial Manufacturing
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Indef Manufactur rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Manufacturing companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹1,185 Cr109.0
240%+Up 0–2%₹486 Cr29.9
340%+Flat₹7,897 Cr92.3
440%+Flat₹3,421 Cr74.4
540%+Flat₹2,461 Cr58.4
640%+Flat₹681 Cr40.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing ranking

Financials of Indef Manufactur

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Indef Manufactur

Shareholding breakup across reporting periods.

Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +69.61%69.61%69.61%69.61%69.61%69.61%69.61%
FIIs +1.57%1.59%1.56%1.56%1.57%1.11%0.64%
DIIs +0.00%0.00%0.00%0.00%0.13%0.00%0.00%
Public +28.82%28.80%28.83%28.83%28.70%29.27%29.74%
No. of Shareholders18,76220,03220,68220,16319,62219,47919,352

Financials of Indef Manufactur

Quarterly Results

Quarter-by-quarter operating performance

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +42.7744.7452.9839.7149.3150.6468.0434.4651.71
Expenses +35.9737.2742.3036.0043.0346.5458.8735.4446.04
Operating Profit6.807.4710.683.716.284.109.17-0.985.67
OPM %15.90%16.70%20.16%9.34%12.74%8.10%13.48%-2.84%10.96%
Other Income +5.843.304.295.302.704.19-4.628.77-0.07
Interest0.110.100.090.100.110.080.080.100.11
Depreciation1.361.331.291.341.451.422.261.411.43
Profit before tax11.179.3413.597.577.426.792.216.284.06
Tax %-0.98%24.95%25.46%25.23%16.17%29.16%-203.17%12.74%28.57%
Net Profit +11.287.0210.135.656.224.906.825.482.90
EPS in Rs2.193.171.771.961.532.131.720.94

Financials of Indef Manufactur

Profit & Loss

Annual income statement trend

Mar 2025Mar 2026TTM
Sales +179208205
Expenses +148184187
Operating Profit312318
OPM %17%11%9%
Other Income +1788
Interest000
Depreciation567
Profit before tax422419
Tax %19%2%
Net Profit +342320
EPS in Rs10.687.386.32
Dividend Payout %0%27%

Financials of Indef Manufactur

Balance Sheet

Capital structure and asset base

Mar 2025Mar 2026Sep 2026
Equity Capital333
Reserves250267269
Borrowings +432
Other Liabilities +456061
Total Liabilities301332335
Fixed Assets +354644
CWIP200
Investments199210206
Other Assets +667785
Total Assets301332335

Financials of Indef Manufactur

Cash Flows

Operating, investing and financing cash movement

Mar 2025Mar 2026
Cash from Operating Activity +524
Cash from Investing Activity +-10-15
Cash from Financing Activity +-2-9
Net Cash Flow-70
Free Cash Flow-418
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit33%132%

Financials of Indef Manufactur

Ratios

Working capital efficiency and return ratios

Mar 2025Mar 2026
Debtor Days6556
Inventory Days85102
Days Payable89107
Cash Conversion Cycle6251
Working Capital Days5022
ROCE %9%
3out of 100

Momentum score · price trend

3 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−52.0%4%
Last 6 months−37.6%3%
Last 3 months−21.6%16%

The price is 66.4% below its all-time high of ₹547.5 (4 Jul 2025). Stocks more than 20% below their peak have their score halved, so 6 became 3.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Indef Manufactur: 0.4 × 4 + 0.4 × 3 + 0.2 × 16 = 6, halved to 3 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Indef Manufactur's management said in earlier quarters

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