---
title: "Indifra Ltd (INDIFRA) — Share Price, Financials & Analysis"
symbol: "INDIFRA"
company: "Indifra Ltd"
canonical: "https://tapetide.com/stocks/INDIFRA"
isin: "INE0PS301014"
nse_symbol: "INDIFRA"
sector: "Energy"
industry: "Gas"
market_cap_cr: 9.37
generated_at: "2026-09-13T18:45:20.321Z"
---

# Indifra Ltd (INDIFRA)

Canonical page: https://tapetide.com/stocks/INDIFRA

## Company

- **NSE Symbol:** INDIFRA
- **ISIN:** INE0PS301014
- **Sector:** Energy
- **Industry:** Gas
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Listed Since:** 2023-12-29
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indifra.com

## About

Incorporation in 2009, Indifra Ltd provides Infrastructure and Construction services, and trades 
electrical appliances[1]

## Latest Price

- **Price:** ₹12.85
- **Change:** +0.6 (+4.9%)
- **Open:** ₹12.85
- **Day High:** ₹12.85
- **Day Low:** ₹12.85
- **Previous Close:** ₹12.25
- **Volume:** 2000
- **As Of:** 2026-09-01T06:35:22+00:00

## Key Fundamentals

Observed at 2026-09-11T04:41:19.518176Z.

- **Market Cap:** ₹9.37 Cr
- **Classification:** SME
- **P/E (reported):** 642.5
- **Book Value:** ₹24.94
- **Price to Book:** 0.52
- **Dividend Yield:** 0%
- **ROE:** 0.08%
- **ROCE:** 0.21%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹17.8 Cr
- **Net Income:** ₹0 Cr
- **EBITDA:** ₹0.1 Cr
- **52-Week High:** ₹20.8
- **52-Week Low:** ₹11.4
- **RSI (14):** 52.28

## Key Insights

### Strengths

- Company is almost debt free.
- Stock is trading at 0.52 times its book value

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of -2.90% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | — | -39.94% | — |
| ebitda margin growth | -93.33% | 96.55% | -104.9% | -89.58% |
| net income growth | -100% | — | -100% | -100% |
| revenue growth | -99.07% | 47.11% | 20% | 42% |
| roce | — | 600% | -103.25% | 32.75% |
| roe | — | 100% | -2.14% | -99.86% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.04 | 0.45 | 9.41 | 9.55 | 2.17 | 2.6 | 14.81 |
| Expenses | 3.68 | 1.65 | 9.58 | 9.45 | 2.64 | 2.88 | 14.84 |
| Operating Profit | 0.36 | -1.2 | -0.17 | 0.1 | -0.47 | -0.28 | -0.03 |
| OPM % | 8.91 | -266.67 | -1.81 | 1.05 | -21.66 | -10.77 | -0.2 |
| Other Income | 0 | 0.03 | 0.17 | 0.18 | 0.23 | 0.17 | 0.24 |
| Interest | 0.12 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0 | 0 | 0.01 | 0.02 | 0.03 | 0.04 |
| Profit before tax | 0.23 | -1.18 | 0 | 0.27 | -0.26 | -0.14 | 0.17 |
| Tax % | 156.52 | 0 | — | 0 | 0 | 0 | 11.76 |
| Net Profit | -0.12 | -1.18 | -0.01 | 0.27 | -0.26 | -0.13 | 0.15 |
| EPS in Rs | -120 | -2.3 | -0.01 | 0.37 | -0.36 | -0.18 | 0.21 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.66 | 2.25 | 3.02 | 10.91 | 10.01 | 9.86 | 11.72 | 17.41 |
| Expenses | 1.61 | 2.16 | 2.88 | 10.32 | 8.54 | 11.22 | 12.09 | 17.72 |
| Operating Profit | 0.05 | 0.09 | 0.14 | 0.59 | 1.47 | -1.36 | -0.37 | -0.31 |
| OPM % | 3.01 | 4 | 4.64 | 5.41 | 14.69 | -13.79 | -3.16 | -1.78 |
| Other Income | 0.01 | 0.03 | 0.05 | 0.01 | 0.01 | 0.19 | 0.41 | 0.41 |
| Interest | 0 | 0 | 0.04 | 0.06 | 0.12 | 0.01 | 0 | 0 |
| Depreciation | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0 | 0.03 | 0.06 |
| Profit before tax | 0.05 | 0.1 | 0.14 | 0.53 | 1.35 | -1.18 | 0.01 | 0.04 |
| Tax % | 20 | 30 | 28.57 | 24.53 | 26.67 | 0 | 0 | 50 |
| Net Profit | 0.03 | 0.08 | 0.11 | 0.4 | 1 | -1.19 | 0.01 | 0.01 |
| EPS in Rs | 30 | 80 | 110 | 400 | 1000 | -1.63 | 0.01 | 0.01 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 7.29 | 7.29 | 7.29 |
| Reserves | 0.12 | 0.19 | 0.3 | 0.7 | 1.69 | 10.87 | 10.87 | 10.89 |
| Borrowings | 0 | 0 | 0.45 | 0.51 | 0.38 | 0 | 0 | 0 |
| Other Liabilities | 0.96 | 1.5 | 1.54 | 2.98 | 1.05 | 0.29 | 0.39 | 2.88 |
| Total Liabilities | 1.09 | 1.7 | 2.3 | 4.2 | 3.13 | 18.45 | 18.55 | 21.06 |
| Fixed Assets | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.17 | 0.17 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 9.29 | 10.75 | 2.2 |
| Other Assets | 1.04 | 1.66 | 2.27 | 4.17 | 3.11 | 9.13 | 7.63 | 18.69 |
| Total Assets | 1.09 | 1.7 | 2.3 | 4.2 | 3.13 | 18.45 | 18.55 | 21.06 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | -0.69 | 0.72 | -1.88 | -6.36 | 0.89 | -8.9 |
| Cash from Investing Activity | — | — | -0.01 | 0 | 0 | -9.25 | -1.08 | 8.86 |
| Cash from Financing Activity | — | — | 0.41 | 0 | -0.24 | 17.25 | 0 | 0 |
| Net Cash Flow | — | — | -0.29 | 0.72 | -2.12 | 1.64 | -0.19 | -0.04 |
| Free Cash Flow | — | — | -0.69 | 0.72 | -1.88 | -6.37 | 0.72 | -8.97 |
| CFO/OP | — | — | -464 | 144 | -103 | 468 | -241 | 2861 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 101.14 | 128.16 | 159.54 | 86.65 | 113.4 | 140.67 | 108.69 | 114.47 |
| Inventory Days | 191.4 | 159.1 | 104.68 | 19.33 | 24.84 | 23.87 | 46.04 | 103.05 |
| Days Payable | 289.33 | 575.58 | 136.36 | 76.21 | 29.27 | 8.3 | 10.6 | 57.48 |
| Cash Conversion Cycle | 3.22 | -288.32 | 127.86 | 29.77 | 108.97 | 156.24 | 144.13 | 160.04 |
| Working Capital Days | -6.6 | -45.42 | 12.09 | -7.03 | 106.11 | 306.88 | 219.25 | 327.26 |
| ROCE % | — | 60.61 | 37.5 | 59.6 | 89.09 | -11.56 | 0.06 | -0.72 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% | 67.56% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.5% | 28.77% | 29.87% | 28.8% | 28.44% | 28.44% |
| Others | 1.95% | 3.68% | 2.58% | 3.65% | 4.01% | 4.01% |
| No. of Shareholders | 1001 | 782 | 704 | 656 | 641 | 622 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 6 / 7

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 12.01 | Buy |
| EMA (10) | 12.23 | Buy |
| SMA (20) | 12.67 | Buy |
| EMA (20) | 12.49 | Buy |
| SMA (50) | 13.41 | Sell |
| EMA (50) | 13.3 | Sell |
| SMA (100) | 14.58 | Sell |
| EMA (100) | 14.39 | Sell |
| SMA (200) | 15.58 | Sell |
| EMA (200) | 16.99 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.22 | Neutral |
| MACD (12,26,9) | -0.38 | Buy |
| Stochastic (14,3,3) | 45.27 | Neutral |
| ADX (14) | 12.78 | Neutral |
| Williams %R (14) | -21.62 | Neutral |
| ATR (14) | 0.56 | High Volatility |
| ROC (12) | 1.58 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 55.79 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - RTA certified dematerialization/rematerialization details for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 Jul - RTA certified dematerialization/rematerialization details for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/INDIFRA_08072026164934_74_5__Indifra_Merge.pdf) |
| 8 January 2026 - Certificate under Reg 74(5) for quarter ended 31-Dec-2025; KFIN confirms dematerialisation details furnished to exchanges. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 January 2026 - Certificate under Reg 74(5) for quarter ended 31-Dec-2025; KFIN confirms dematerialisation details furnished to exchanges.](https://nsearchives.nseindia.com/corporate/INDIFRA_08012026165907_Regulation74Indifra31122025.pdf) |
| 31 January 2026 - Resignation of CS Ruchika Jain; Seema Kapadia appointed Company Secretary effective Feb 1, 2026. | [Outcome of Board Meeting 31 January 2026 - Resignation of CS Ruchika Jain; Seema Kapadia appointed Company Secretary effective Feb 1, 2026.](https://nsearchives.nseindia.com/corporate/INDIFRA_31012026121945_Outcome31012026.pdf) |
| 31 January 2026 - Ms. Ruchika Jain resigns; Ms. Seema Kapadia appointed Company Secretary effective February 1, 2026. | [Change in Company Secretary/Compliance Officer 31 January 2026 - Ms. Ruchika Jain resigns; Ms. Seema Kapadia appointed Company Secretary effective February 1, 2026.](https://nsearchives.nseindia.com/corporate/INDIFRA_31012026122333_Outcome31012026.pdf) |
| 31 Aug - Board approved director appointment, CMD remuneration changes, and 17th AGM on September 26, 2026. | [Outcome of Board Meeting 31 Aug - Board approved director appointment, CMD remuneration changes, and 17th AGM on September 26, 2026.](https://nsearchives.nseindia.com/corporate/INDIFRA_31082026183724_OutcomeofbmIndifra31082026.pdf) |
| 30 May - Indifra filed SDD compliance certificate for year ended 31 March 2026; no non-compliance reported. | [General Updates 30 May - Indifra filed SDD compliance certificate for year ended 31 March 2026; no non-compliance reported.](https://nsearchives.nseindia.com/corporate/INDIFRA_30052026193617_Indifrasdd31032026.pdf) |
| 3 Sep - Newspaper advertisement confirms dispatch of 17th AGM notice and FY2025-26 annual report. | [Copy of Newspaper Publication 3 Sep - Newspaper advertisement confirms dispatch of 17th AGM notice and FY2025-26 annual report.](https://nsearchives.nseindia.com/corporate/INDIFRA_03092026170303_Indifraavertisementindifra.pdf) |
| 29 May 2026 - Indifra approved FY26 audited standalone results; revenue Rs 1,781.69 lakh, profit Rs 1.48 lakh, no IPO fund deviation. | [Outcome of Board Meeting 29 May 2026 - Indifra approved FY26 audited standalone results; revenue Rs 1,781.69 lakh, profit Rs 1.48 lakh, no IPO fund deviation.](https://nsearchives.nseindia.com/corporate/INDIFRA_29052026184305_Indifra29052026.pdf) |
| 29 May - Board approved FY26 audited standalone results on 29 May 2026; auditors issued unmodified opinion, no IPO fund deviation. | [Outcome of Board Meeting 29 May - Board approved FY26 audited standalone results on 29 May 2026; auditors issued unmodified opinion, no IPO fund deviation.](https://nsearchives.nseindia.com/corporate/INDIFRA_29052026184856_Indifra29052026.pdf) |
| 27 March 2026 - Indifra Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 | [Trading Window 27 March 2026 - Indifra Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015](https://nsearchives.nseindia.com/corporate/INDIFRA_27032026163144_closure_of_tarding_window_Indifra.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31157_INDIFRA_2025_2026_A_13033183_02092026194832.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27530_INDIFRA_2024_2025_A_20082025183331.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25722_INDIFRA_2023_2024_040920241910.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:45:20.321Z.