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INDO-MIM Ltd (INDOMIM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544837 NSE: INDOMIM Engineering - Industrial Equipments | Small Cap | INDO-MIM Share Price

₹753.35 -15.75 (-2.05%)

As on 04-Aug'26 12:59

INDO-MIM Ltd (INDOMIM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544837 NSE: INDOMIM Engineering - Industrial Equipments | Small Cap | INDO-MIM Share Price

₹753.35 -15.75 (-2.05%)

As on 04-Aug'26 12:59

Key Metrics
Valuation Multiples
Market Cap
₹38,031 Cr.
Current Price
₹753.4
52-Week Low / High
₹701 / 816
TTM EPS
₹8.2
TTM Sales
₹2,795 Cr.
Book Value per Share
₹46.3
P/E Ratio
94.25
Industry PE
55.9
Price to Book (P/B)
16.61
Price to Sales (P/S)
13.60
EV/EBITDA
43.54
Dividend Yield
0.78%
Profitability Efficiency
Return on Equity (ROE)
23.20%
Outperforms industry median
Return on Capital Employed (ROCE)
21.84%
Outperforms industry median
Return on Assets (ROA)
12.09%
Operating Profit Margin
30.7%
Net Profit Margin
14.43%
Gross Profit Margin
29%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.89%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
26.03%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
39.97%
Asset Quality
Promoter Holding
77.65%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,241 Cr.
Equity
₹49.5 Cr.
Face Value
₹1
All Time Low / High
₹701.00 / 815.90

INDO-MIM stock performance

Key Ratios
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Quality

Very Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is INDO-MIM Ltd a good quality company?
INDO-MIM Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does INDO-MIM Ltd performance compare with that of its Peers?
Q.1 Revenue growth of INDO-MIM Ltd vs industry peers?
INDO-MIM Ltd revenue CAGR is 14.67%, compared to the industry median CAGR of 4.08%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of INDO-MIM Ltd?
Promoters hold 77.65% of the INDO-MIM Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of INDO-MIM Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
INDO-MIM Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ34.6%32.2%28.6%28.4%30.7%39.8%35%27%19.1%21.8%-
Value Creation
Index ⓘ		2.11.91.51.51.72.52.11.40.70.9-

Growth Parameters ⓘ
Sales ⓘ8471,0531,1471,3281,4101,6422,0552,3172,4122,7952,795
Sales YoY Gr.-24.2%9%15.7%6.2%16.5%25.2%12.8%4.1%15.9%-
Adj EPS ⓘ2.93.53.84.26.49.2108.76.89.68.2
YoY Gr.-20.3%9.1%9.7%51.8%44.3%8.5%-13.1%-21.8%41.5%-
BVPS (₹) ⓘ101315.916.820.723.528.834.435.137.146.3
Adj Net
Profit ⓘ		140168183201305440478416326462404
Cash Flow from Ops. ⓘ79.8215154285350473428452471514-
Debt/CF from Ops. ⓘ3.61.83.41.81.51.21.61.82.32.4-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ14.2%14.7%10.8%15.9%
Adj EPS ⓘ14.2%8.5%-1.3%41.5%
BVPSⓘ15.7%12.4%8.8%5.9%
Share Price - - - -

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		32.830.526.425.633.941.538.127.419.526.519.6
Op. Profit
Mgn % ⓘ		32.930.533.231.634.343.236.330.928.330.7NAN
Net Profit
Mgn % ⓘ		16.515.91615.221.726.823.317.913.516.514.4
Debt to
Equity ⓘ		0.60.60.70.60.50.50.50.50.60.7-
Working Cap
Days ⓘ		1271211511561631701671852042020
Cash Conv.
Cycle ⓘ		43335468737476841041130

Valuation of INDO-MIM - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8471,0531,1471,3281,4101,6422,0552,3172,4122,795
Operating Expenses ⓘ + 5697317679099269331,3101,6031,7311,936
Manufacturing Costs162216259246274258402626676751
Material Costs9812047196136146260352380427
Employee Cost 180206249211245224259362417449
Other Costs ⓘ 130189213256272304389262257310
Operating Profit ⓘ 278321380419483709745715682859
Operating Profit Margin (%) 32.9%30.5%33.1%31.6%34.3%43.2%36.3%30.8%28.3%30.7%
Other Income ⓘ + 7232026331917192642
Exceptional Items ⓘ 00000000-76-115
Interest ⓘ 32385041414140517890
Depreciation ⓘ 466074768287103125131150
Profit Before Tax ⓘ 207247277328394601620558422545
Tax ⓘ 68799412688160142142134141
Profit After Tax 140168183203305440478416288404
PAT Margin (%) 16.5%15.9%16.0%15.3%21.7%26.8%23.3%17.9%12.0%14.4%
Adjusted EPS (₹)2.93.53.84.26.49.210.08.76.08.4
Dividend Payout Ratio (%)19.80%33.60%40.90%53.30%28.50%83.90%26%46.20%129.60%70.60%
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4796247648079941,1261,3841,6521,6891,789
Share Capital ⓘ 12121212124848484848
Reserves ⓘ 4676127527959821,0781,3361,6041,6411,741
Debt +286378518517516454503615828967
Long Term Debt215378518517516324415500588522
Short Term Debt72000013188115241445
Minority Interest0000000000
Trade Payables61929599102115160194184218
Others Liabilities ⓘ 90627684117279259426464533
Total Liabilities ⓘ 9161,1551,4521,5071,7291,9742,3062,8883,1663,507

Fixed Assets

Net Fixed Assets ⓘ +4425345946046446848059601,0031,161
Gross Block6548069391,0251,1441,2651,4801,7591,9172,218
Accumulated Depreciation2122723464214995816757999151,057
CWIP ⓘ 00008205349132141
Investments ⓘ 047165175216313346434549436
Inventories8791220215266320423494525696
Trade Receivables122152194205242311316375488580
Cash Equivalents 154186131157170120561449262
Others Assets ⓘ 112146149151182206307432377430
Total Assets ⓘ 9161,1551,4521,5071,7291,9742,3062,8883,1663,507
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + 80215154285350473428452471514
PBT ⓘ 207247277328394601620558422545
Adjustment ⓘ 4689115109114120140177212257
Changes in Working Capital ⓘ -168-48-160-33-69-86-158-133-77-236
Tax Paid ⓘ 0-73-78-119-89-162-174-150-163-168
Cash Flow From Investing Activity ⓘ + -105-190-242-89-151-210-260-311-463-293
Capex -105-152-133-86-119-121-229-241-265-313
Net Investments 0-47-118-10-42-97-33-78-2222
Others ⓘ 098610728-175-2
Cash Flow From Financing Activity ⓘ + 39-1491-203-159-284-176-43-84-229
Net Proceeds from Shares ⓘ 000000001060
Net Proceeds from Borrowing ⓘ 000000013400
Interest Paid ⓘ 0-38-50-39-45-41-40-51-81-92
Dividend Paid ⓘ 0000000-131-374-285
Others ⓘ 3924140-163-115-244-1374264148
Net Cash Flow ⓘ 14112-740-22-898-76-8
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)32.8230.4526.4425.7933.9141.5338.0927.3917.2623.2
ROCE (%)34.5632.2328.6328.3630.739.7835.032719.1421.84
Asset Turnover Ratio1.041.030.880.90.870.890.960.890.80.84
PAT to CFO Conversion(x)0.571.280.841.41.151.080.91.091.641.27
Working Capital Days
Receivable Days45.3046.9054.8054.8057.9061.5055.8054.5065.3069.70
Inventory Days35.1030.4049.3059.8062.3065.106672.2077.1079.70
Payable Days191.90232.70730.20180.60268.50269.50192.50183.60181.70171.80

Top 5 Mutual Funds Holding

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Announcements

INDO-MIM Ltd FAQs

The current trading price of INDO-MIM on 04-Aug-2026 12:59 is ₹753.4.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Aug-2026 the market cap of INDO-MIM stood at ₹38,030.5 Cr

The latest P/E ratio of INDO-MIM as of 03-Aug-2026 is 94.25.

The latest P/B ratio of INDO-MIM as of 03-Aug-2026 is 16.61.

The 52-week high of INDO-MIM is ₹815.9 and the 52-week low is ₹701.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of INDO-MIM is ₹2,795 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that INDO-MIM Ltd is a good quality company.

The key valuation ratios of INDO-MIM Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of INDO-MIM Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About INDO-MIM Ltd

Indo-MIM was incorporated on April 12, 1996. The company provides end-to-end solutions for the manufacture of precision engineering components using metal injection molding (MIM) technology. Its capabilities include mold designing and tooling, coupled with finishing and assembly operations. In addition to MIM technology, it leverages technologies such as investment casting, precision machining, ceramic injection molding and metal three-dimensional (3D) printing. Its product portfolio caters to automotive, defence, medical, consumer, and aerospace sectors. It operates multiple manufacturing facilities across world. 

Its dual-shore manufacturing, with manufacturing capabilities both in India and countries such as the United States, the UK and Mexico coupled with its scale of operations, technical know-how and mold design capabilities, helps the company compete with other global precision engineered product manufacturers. The company’s manufacturing model enables it to serve both Indian and global OEMs, helping it benefit from economies of scale.

Business area of the company 

The company is a leading global supplier of components using various technologies such as Metal Injection Molding (MIM), Investment Casting, Precision Machining, electronic component manufacturing business & 3D printing etc. The company has manufacturing facilities at Karnataka, Tamil Nadu and Andhra Pradesh.

Business verticals of the company

  • Automotive Products Group (APG): Under APG, the company offers components used in vehicle safety, fuel systems, powertrains, and interior applications, all of which are essential for automobiles.
  • Defence Products Group (DPG):  Under DPG, the company manufactures firearm components with applications in the defence industry such as triggers, hammers and sights.
  • Medical Products Group (MPG): Under MPG, the company manufactures a range of components for surgical devices in fields such as endoscopy, laparoscopy, dental robotics and orthopedics.
  • Consumer Products Group (CPG): Under CPG, the company supplies products for fashion accessories, crossbow parts, cellphone components, tools and hardware applications.
  • Aerospace Products Group (Aerospace): Under Aerospace, the company manufactures components such as manifolds and precision housings, adaptors and tees, servo motor housing, nozzles and locking rings and clevises and brackets for original equipment manufacturers (OEMs) in the aerospace industry.

Awards, accreditations and recognition 

  • 2019: Received Award of Distinction – Automotive - Engine – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2019: Received the Grand Prize – Automotive – Chassis – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2019: Received the Grand Prize – Automotive – Engine – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2019: Received the Grand Prize – Hardware/ Appliance – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2019: Received the Grand Prize – Hand Tools/ Recreation – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2019: Received the Grand Prize – Medical/ Dental – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2020: Registered as a manufacturer exporter and certified as a member of EEPC India.
  • 2020: Received Award of Distinction – Automotive-Transmission – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2020: Accorded the status of Three Star Export House in accordance with the provisions of the Foreign Trade Policy, 2015 - 2020 by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.
  • 2021: Received Award of Distinction – Industrial Motors/Controls & Hydraulics – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2021: Received Award of Distinction – Automotive-Transmission – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2021: Received Award of Distinction – Hardware/Appliance – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2021: Received Award of Distinction – Aerospace/Military/Firearms – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2021: Received Award of Distinction – Automotive-Electronic/Electrical – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Award of Distinction – Industrial Motors/Controls & Hydraulics – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Grand Prize – Lawn & Garden/Off-Highway – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Award of Distinction – Automotive-Engine – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Grand Prize – Medical/Dental – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards, sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Award of Distinction – Automotive-Chassis – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received Grand Prize – Hand Tools/ Recreation – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards, sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2022: Received the Raksha Niryat Ratna under the category of Defence Private Sector by the Government of India.
  • 2023: Received Award of Distinction – Automotive – Chassis for an Outstanding Applications of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2023: Received Award of Distinction – Hand Tools/ Recreation – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2023: Received Grand Prize – Hand Tools/ Recreation – Awarded for an Outstanding Application of Powder Metallurgy at the Powder Metallurgy Design Excellence Awards sponsored by the Metal Powder Industries Federation, Princeton, New Jersey.
  • 2024: Received Certificate of Recognition for the status of Four Star Export House in accordance with the provisions of the Foreign Trade Policy, 2023 issued by the Directorate General of Foreign Trade, Department of Commerce, GoI.
  • 2024: Received multiple Certificate of Appreciation by StanleyBlack&Decker.
  • 2025: Received Certificate of Appreciation – Best of Best – Quality Award sponsored by the Cummins India Suppliers Conference, 2025.
  • 2025: Received Quality Award – Super Platinum at the Bajaj BAVA Convention 2024-2025.
  • 2025: Received Outstanding Supplier Performance Award by RTX at the India Supplier Conference 2025.
  • 2026: Received Award in Recognition of Operational Excellence at the Supplier Day India, 2026 by Siemens Energy.

History and milestones

  • 1996: Incorporation of the company.
  • 1997: Commencement of operations.
  • 1998: Incorporation of the erstwhile wholly owned subsidiary Gowri Ventures Private Limited.
  • 2006: Receipt of factory license for manufacturing plant located at Doddaballapur, Karnataka.
  • 2011: Commencement of operations in China.
  • 2013: Amalgamation of its erstwhile wholly owned subsidiary Gowri Ventures Private Limited with the company.
  • 2016: Incorporation of Indo-MIM Inc.
  • 2016: Incorporation of Indo-MIM Mexico, S. de R.L. DE C.V.
  • 2020: Acquisition of Triax Industries, LLC.
  • 2021: Commencement of operations in Germany.
  • 2023: Acquisition of Conway Marsh Garrett Technologies Limited.
  • 2024: Received ISO 27001:2022 certification.
  • 2024: Conversion into a public company.
  • 2025: Acquisition of Phoenix DeVentures II Inc.
  • 2025: Incorporation of INDO-MIM Arms Components Private Limited.

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