Indo Farm Equipment Ltd

Indo Farm Equip. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indo Farm Equipment Ltd

₹ 195 -3.54%
05 Dec - close price
indofarm.in BSE: 544328 NSE: INDOFARM
About

Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.[1]

Key Points

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.

Website BSE NSE
  • Market Cap ₹ 939 Cr.
  • Current Price ₹ 195
  • High / Low ₹ 293 / 133
  • Stock P/E 36.0
  • Book Value ₹ 109
  • Dividend Yield 0.00 %
  • ROCE 7.24 %
  • ROE 5.53 %
  • Face Value ₹ 10.0
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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
  • The company has delivered a poor sales growth of 8.44% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 4.98% over last 3 years.
  • Working capital days have increased from 116 days to 175 days

* 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 SmallCap BSE IPO BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
69.54 81.24 90.82 125.16 91.26 99.06
60.54 70.90 78.75 109.47 80.77 88.51
Operating Profit 9.00 10.34 12.07 15.69 10.49 10.55
OPM % 12.94% 12.73% 13.29% 12.54% 11.49% 10.65%
0.63 0.36 0.22 1.69 1.32 1.50
Interest 3.71 3.59 4.17 2.82 2.44 2.57
Depreciation 2.56 2.48 2.74 2.99 2.98 3.03
Profit before tax 3.36 4.63 5.38 11.57 6.39 6.45
Tax % 34.52% 27.00% 30.67% -14.95% 28.33% 31.32%
2.20 3.39 3.74 13.29 4.58 4.44
EPS in Rs 0.56 0.86 0.95 2.77 0.95 0.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
232 228 331 347 338 348 406
206 198 294 305 290 300 358
Operating Profit 26 30 37 42 48 47 49
OPM % 11% 13% 11% 12% 14% 14% 12%
2 1 0 1 1 3 5
Interest 14 14 14 16 17 14 12
Depreciation 8 8 9 9 10 11 12
Profit before tax 6 8 14 18 21 25 30
Tax % 42% 30% 29% 33% 37% 9%
4 6 10 12 14 23 26
EPS in Rs 3.78 6.05 5.10 6.48 3.61 4.71 5.59
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 2%
TTM: 3%
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 Sep 2025
Equity Capital 9 9 19 19 38 48 48
Reserves 242 248 246 259 265 467 476
133 160 175 170 169 97 109
41 45 61 47 53 50 53
Total Liabilities 426 463 501 495 524 662 686
171 183 194 206 201 213 214
CWIP 18 14 20 8 5 9 14
Investments 17 17 18 20 20 65 65
219 248 270 261 297 374 393
Total Assets 426 463 501 495 524 662 686

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 78 113 113
Inventory Days 345 347 299 264 273 279
Days Payable 74 84 86 55 58 52
Cash Conversion Cycle 378 380 293 287 327 340
Working Capital Days 75 118 82 79 93 175
ROCE % 6% 7% 8% 8% 7%

Shareholding Pattern

Numbers in percentages

8 Recently
Mar 2025Jun 2025Sep 2025
69.44% 69.44% 69.53%
0.82% 0.55% 0.40%
5.97% 4.88% 4.72%
23.77% 25.14% 25.34%
No. of Shareholders 58,00053,19344,965

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

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DRHP

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