Company Overview
Indef Manufacturing Limited (IML) is a material handling equipment company that demerged from Hercules Hoists Limited effective October 1, 2022, with NCLT approval received in August 2024. The company's shares are listed on both BSE (544364) and NSE (BAJAJINDEF).
Financial Performance FY2025-26
Standalone Results: Reported revenue growth of 10.73% to ₹19,566.98 lakhs with PAT of ₹2,605.10 lakhs and proposed dividend of ₹2.00 per share. Key ratios include Return on Net Worth of 9.57% and Debt Equity Ratio of 0:1.
Consolidated Results: Including 100% subsidiary Consolidated Swift Industries and 80% subsidiary Daedalus Lift, revenue stood at ₹20,769.42 lakhs with net profit of ₹2,362.83 lakhs and basic EPS of ₹7.38.
Significant Events & Corrections
The company issued a corrigendum to its FY26 Annual Report for inadvertent omissions in the PDF version, including complete details of complaints under the Sexual Harassment Act and compliance statements with Maternity Benefit Act. All corrections were disclosure-oriented with nil financial impact.
IML completed the acquisition of 80% stake in Daedalus Lift & Access Equipment Private Limited on August 22, 2025, and recognized an exceptional item of ₹61.65 lakhs due to increased employee benefit liabilities from implementation of new Labor Codes.
Corporate Governance & AGM
The 4th Annual General Meeting is scheduled for August 12, 2026, with agenda items including dividend declaration, re-appointment of directors, and continuation of Shekhar Bajaj as Chairman beyond age 75. Promoter group holds 69.61% of shares.
Subsidiaries & Related Parties
The consolidated entity includes Indef Manufacturing Limited, Consolidated Swift Industries Limited (100% subsidiary), and Daedalus Lift & Access Equipment Private Limited (80% subsidiary). Significant related party transactions were reported with Hind Musafir Agency, Bajaj Allianz General Insurance, and Mukand Ltd.