Indo Farm Equipment Ltd
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.[1]
- Market Cap ₹ 823 Cr.
- Current Price ₹ 171
- High / Low ₹ 293 / 133
- Stock P/E 36.4
- Book Value ₹ 107
- Dividend Yield 0.00 %
- ROCE 7.24 %
- ROE 5.53 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 44.8% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -24.0%
- The company has delivered a poor sales growth of 9.61% over past five years.
- Tax rate seems low
- Company has a low return on equity of 4.98% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Agricultural, Commercial & Construction Vehicles Tractors
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 232 | 228 | 331 | 347 | 352 | 367 | |
| 206 | 198 | 294 | 305 | 305 | 320 | |
| Operating Profit | 26 | 30 | 37 | 42 | 48 | 47 |
| OPM % | 11% | 13% | 11% | 12% | 14% | 13% |
| 2 | 1 | 0 | 1 | 1 | 3 | |
| Interest | 14 | 14 | 14 | 16 | 17 | 14 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 11 |
| Profit before tax | 6 | 8 | 14 | 18 | 21 | 25 |
| Tax % | 42% | 30% | 29% | 33% | 37% | 9% |
| 4 | 6 | 10 | 12 | 14 | 23 | |
| EPS in Rs | 3.78 | 6.05 | 5.10 | 6.48 | 3.61 | 4.71 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 3% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 33% |
| TTM: | 67% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 19 | 19 | 38 | 48 |
| Reserves | 242 | 248 | 246 | 259 | 265 | 467 |
| 133 | 160 | 175 | 170 | 169 | 97 | |
| 41 | 45 | 61 | 47 | 53 | 50 | |
| Total Liabilities | 426 | 463 | 501 | 495 | 524 | 662 |
| 171 | 183 | 194 | 206 | 201 | 213 | |
| CWIP | 18 | 14 | 20 | 8 | 5 | 9 |
| Investments | 17 | 17 | 18 | 20 | 20 | 65 |
| 219 | 248 | 270 | 261 | 297 | 374 | |
| Total Assets | 426 | 463 | 501 | 495 | 524 | 662 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 37 | 7 | 25 | 32 | 21 | 26 | |
| -18 | -16 | 17,744 | -11 | -2 | -96 | |
| -20 | 9 | 1 | -21 | -8 | 104 | |
| Net Cash Flow | -0 | 0 | 17,770 | -0 | 11 | 34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 107 | 118 | 79 | 78 | 108 | 107 |
| Inventory Days | 345 | 347 | 299 | 264 | 273 | 279 |
| Days Payable | 74 | 84 | 86 | 55 | 58 | 52 |
| Cash Conversion Cycle | 378 | 380 | 293 | 287 | 322 | 334 |
| Working Capital Days | 261 | 310 | 220 | 216 | 240 | 247 |
| ROCE % | 6% | 7% | 8% | 8% | 7% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Indo Farm held a virtual investor meeting on June 11, 2025; no unpublished info disclosed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 Jun
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Jun - Scheduled virtual analyst meeting on June 11, 2025; no unpublished information to be shared.
-
Intimation Of Appointment Of Investor Relations (IR) Firm And Specific Email ID For Investor Relations.
30 May - Indo Farm appoints Finportal as IR agency and sets IR@indofarm.in for investor queries from June 1, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Submission of newspaper advertisement dated May 29, 2025 pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015.
Concalls
-
Jun 2025TranscriptNotesPPT
Business Overview[1]
Indo Farm Equipment Limited is a fully integrated manufacturer of agricultural and industrial equipment under the brand name ''Indo Farm & Indo Power''. Its key products include tractors (16–110 HP), pick-and-carry cranes (9–30 tons), and other farm machinery like harvester combines and rotavators.