Global MIM leader, new listing
Indo-MIM is the world's largest metal injection moulding (MIM) component maker by revenue with ~6.8-7% global MIM market share held for six consecutive years, making 9,000+ precision parts (280 mn parts in FY26) for 1,100+ customers across automotive (24.6% of FY26 revenue), defence (18.7%), medical (18.1%), aerospace (12.0%) and consumer (10.8%). It runs 15 plants (6 India, 6 USA, 2 UK, 1 Mexico); exports were 77% of FY26 revenue and top-10 customers 38%. Listed on 30-Jul-2026 after a Rs 3,812 cr IPO (Rs 501 cr fresh + Rs 3,311 cr OFS) at Rs 485; shares opened at ~Rs 700 and closed day one at Rs 741.75 (+53%).
Computing the scorecard…
| Line (₹ cr) | Q Jun-26 | YoY | QoQ |
|---|---|---|---|
| Net Sales | 1,219 | — | +9.4% |
| Operating Profit | 407 | — | +24.5% |
| Net Profit | 240 | — | +31.9% |
Reported vs internal estimate: internal quarterly estimates are not in the supplied package; consensus feed not licensed. YoY/QoQ per PRD §12.5 (transitions, not %, on non-positive bases).
General industrial/consumer/IT preset: growth, margins, ROCE/ROIC, working capital, FCF, net debt; P/E, EV/EBITDA.
Sell-side targets are third-party views, not Buoyant's; the upside is recomputed on our reference close, so it differs from the figure printed at the broker's price date.
No headline target on this page; the book quotes the thesis and the risk rather than a target.