Indef buys 80% of Daedalus Lift for ₹5.08 crore as revenue climbs 10.7%
What's the deal? Bajaj IndefDealroom has a profile for this one. Try Dealroom → (Indef Manufacturing) has acquired an 80% equity stake in Daedalus Lift & Access EquipmentsDealroom has a profile for this one. Try Dealroom → Private Limited for ₹5.08 crore. The move takes the material handling equipment maker into the Aerial Working Platform (AWP) segment.
The numbers: Indef reported standalone revenue of ₹195.67 crore for the fiscal year ending March 31, 2026, up 10.73% year-on-year. Profit after tax fell 23.92% to ₹26.05 crore, from ₹34.24 crore a year earlier, cutting earnings per share to ₹8.14 from ₹10.70.
Why now? Management cited geopolitical tensions affecting the West Asia supply chain as a significant factor in the final quarter. Rising input costs squeezed profits even as top-line demand held up.
What's the endgame? The Daedalus acquisition diversifies Indef's revenue and opens a new segment beyond its core material handling business. The company also declared a final dividend of ₹2 per equity share for FY25-26.
What could go wrong? Integrating Daedalus, managing persistent supply chain disruptions, and containing input costs are the key risks. Sustained margin pressure could weigh on profitability if headwinds continue.
The signal: The deal reflects a bet on diversification amid a tough environment for industrial goods makers. With guidance pointing to 7-10% sectoral growth, Indef is using acquisition to widen its footprint rather than lean on organic demand alone.
Read more: Whalesbook
Image credit: infomatique
