The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

INH.DE

Concerning the House

INDUS Holding AG is a private equity firm specializing in growth capital mergers and acquisitions and corporate spin-offs. The firm does not invest in retail and service companies, pure trading or consumer goods businesses, companies with significant dependencies on individual business partners, start-ups, turnarounds, mature businesses, and companies undergoing restructuring. The firm typically invests in middle market and mature companies. It primarily makes long-term investments in medium-sized manufacturing companies in energy and environmental technology; infrastructure and logistics technology, intelligent logistic infrastructure; materials solutions; engineering; automation, measurement and control technology; medical engineering; life science; construction and safety technology; industry; digitalization; green tech; medical equipment for the ageing society; innovative construction technology; and public and private security sectors. The firm acquires small and medium-sized companies based in Germany, Switzerland, Austria, and the German-speaking regions of Europe. It typically invests in companies with annual sales between €20 million ($21.71 million) and €100 million ($108.58 million), revenue up to €1740 million ($1992 million), equity rate above 30 percent, and EBITA €147.8 million ($169.25 million). It prefers to invest in companies with low level/no liabilities in banks. The firm seeks to take a majority stake in its portfolio companies initially and build it up to 100 percent. It prefers to acquire mainly owner-managed companies. It also seeks second-level acquisition opportunities. The firm invests through its balance sheet. INDUS Holding AG was founded in 1989 and is based in Bergisch Gladbach, Germany with additional office in Bergisch Gladbach, Germany.

Germany · indus.eu

The Ledger
LineDec 2024Mar 2025Jun 2025Sep 2025
Revenue$439.64M$402.36M$434.26M$437.36M
Gross profit$240.82M$234.29M$245.29M$250.17M
Operating income$29.91M$19.56M$25.81M$43.34M
Net income$4.53M$15.84M$12.26M$33.20M
Diluted EPS0.630.501.33
Free cash flow$41.45M-$27.85M$9.70M$60.76M
CapEx-$22.65M-$9.69M-$12.55M-$15.19M
Quotation

$32.90

+2.20 (+7.2%)

52w hi$32.90
52w lo$20.35
Vol86.02K
As ofAug 13
The Verdict

Hold

Our score +0.34

Short+0.48
Medium+0.22
Long+0.30

computed 2026-08-13

By the Numbers

INDUS Holding AG

Industrials · Conglomerates

Market cap$880.08M
Enterprise value$1.43B
Trailing P/E11.83x
Forward P/E7.80x
EV / EBITDA5.35x
P / S (ttm)0.47x
Profit margin5.5%
Return on equity14.2%
Revenue growth+21.8%
Earnings growth+270.0%
Debt / equity103.28
Risk Metrics
Beta vs SPX0.34
Corr SPX0.17
Annual vol32.8%
Annual ret+23.5%
Sharpe0.72
Max DD-28.7%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.66

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$31.90$33.70$31.60$32.9086.02K
Aug 12$30.20$31.25$29.70$30.7041.94K
Aug 11$30.55$30.60$29.45$30.3044.41K
Aug 10$31.50$31.50$30.25$30.2529.41K
Aug 7$32.05$32.25$31.20$31.2028.19K