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Indian manufacturer of precision metal and ceramic components using metal injection molding (MIM), serving global industrial and defense customers.
Indian manufacturer of precision metal and ceramic components using metal injection molding (MIM), serving global industrial and defense customers.
In one line: A specialty precision-manufacturing supplier.
Moat: narrow (process know-how, customer qualification). Specialized MIM manufacturing expertise and long-standing customer qualification in niche precision-parts markets.
Headquarters: Bengaluru, India · Founded: 1994 · Employees: 3,714
Size INDO-MIM (INDOMIM.NS) is an India Industrials company (Industrial Machinery) with a market value of $6.39B, the 176th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,220 on 6 Nov 2026.
Growth Revenue grew 26.3% over the last twelve months (peer median +15.6%); the operating margin is 19.8% (peer median 15.1%).
Valuation It trades at 60.8× forward earnings against a peer median of 22.9× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 12.6 points above its cost of capital (9.3% WACC).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ₹41.6B | ₹32.9B | ₹28.5B | ₹26.8B |
| Revenue growth | — | +26% | +15% | +7% | — |
| Gross profit | n/a | ₹11.1B | ₹9.97B | ₹8.08B | ₹8.61B |
| EBITDA | n/a | ₹10.4B | ₹9.05B | ₹7.38B | ₹7.76B |
| Net income | n/a | ₹5.34B | ₹4.24B | ₹2.84B | ₹4.63B |
| Free cash flow | n/a | ₹5.10B | ₹455M | ₹80.9M | ₹1.36B |
| Capital expenditure | n/a | ₹4.17B | ₹3.76B | ₹3.76B | ₹4.01B |
| Total debt | n/a | ₹13.7B | ₹14.3B | ₹12.7B | ₹9.84B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | INDOMIM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | -8.4% | 11th highest of 21 |
| Distance from 52-week high | -11.3% | -22.4% | 7th highest of 21 |
| Revenue growth (TTM) | +26.3% | +15.6% | 4th highest of 21 |
| Operating margin | 19.8% | 15.1% | 7th highest of 21 |
| Forward P/E | 60.8× | 22.9× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 30.3% | 12.7% | 4th most demanding of 20 |
| Growth delivered (Del g) | +15.8% | +7.4% | 7th highest of 20 |
| Hurdle (Req g minus delivered) | +14.4 pp | +2.0 pp | 7th most demanding of 20 |
| ROIC minus cost of capital | +12.6 pp | +3.3 pp | 5th highest of 21 |
| EV / EBITDA | 57.7× | 13.5× | most expensive of 15 |
| Net debt / EBITDA | 0.9× | 0.6× | 7th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Welspun WELCORP.NS | India | $6.13B | +70% | +14% | 12% | 25.5× | 24.9% | +19.0% |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| Airtac International 1590.TW | Taiwan | $6.11B | -30% | +23% | 33% | 15.8× | 5.0% | +12.4% |
| Robotechnik Intelligent Technology 3757.HK | Hong Kong | $6.76B | n/a | +217% | 9% | 140.6× | 53.9% | +11.6% |
| Valmet VALMT.HE | Finland | $5.97B | +30% | +3% | 10% | 13.8× | 2.1% | +6.8% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Sulzer SUN.SW | Switzerland | $7.39B | +23% | -3% | 13% | 17.9× | -1.4% | +3.7% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |