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

₹ 129 -2.95%
08 Jun - 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 is an ISO 9001:2015 certified leading manufacturer of pick & carry cranes (9-30 tons), tractors (16–110 HP). Operating from its advanced manufacturing facility in Baddi, Himachal Pradesh, Indo Farm delivers high-quality products under Indo Farm and brands across India and over 30 export countries.

Website BSE NSE
  • Market Cap ₹ 619 Cr.
  • Current Price ₹ 129
  • High / Low ₹ 272 / 111
  • Stock P/E 28.3
  • Book Value ₹ 112
  • Dividend Yield 0.00 %
  • ROCE 6.68 %
  • ROE 4.15 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.15 times its book value
  • Company has delivered good profit growth of 31.0% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 4.74% 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 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 Dec 2025 Mar 2026
69.54 81.24 90.82 125.16 91.26 99.06 100.64 128.58
60.54 70.90 78.75 109.47 80.77 88.51 89.88 112.06
Operating Profit 9.00 10.34 12.07 15.69 10.49 10.55 10.76 16.52
OPM % 12.94% 12.73% 13.29% 12.54% 11.49% 10.65% 10.69% 12.85%
0.63 0.36 0.22 1.69 1.32 1.50 1.40 0.96
Interest 3.71 3.59 4.17 2.82 2.44 2.57 2.54 2.60
Depreciation 2.56 2.48 2.74 2.99 2.98 3.03 3.03 3.17
Profit before tax 3.36 4.63 5.38 11.57 6.39 6.45 6.59 11.71
Tax % 34.52% 27.00% 30.67% -14.95% 28.33% 31.32% 29.74% 29.80%
2.20 3.39 3.74 13.29 4.58 4.44 4.63 8.22
EPS in Rs 0.56 0.86 0.95 2.77 0.95 0.92 0.96 1.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
232 228 331 347 338 348 420
206 198 294 305 290 300 371
Operating Profit 26 30 37 42 48 47 48
OPM % 11% 13% 11% 12% 14% 14% 12%
2 1 0 1 1 3 5
Interest 14 14 14 16 17 14 10
Depreciation 8 8 9 9 10 11 12
Profit before tax 6 8 14 18 21 25 31
Tax % 42% 30% 29% 33% 37% 9% 30%
4 6 10 12 14 23 22
EPS in Rs 3.78 6.05 5.10 6.48 3.61 4.71 4.55
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 7%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 22%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -22%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 19 19 38 48 48
Reserves 242 248 246 259 265 467 490
133 160 175 170 169 97 86
41 45 61 47 53 50 56
Total Liabilities 426 463 501 495 524 662 680
171 183 194 206 201 213 210
CWIP 18 14 20 8 5 9 29
Investments 17 17 18 20 20 65 65
219 248 270 261 297 374 375
Total Assets 426 463 501 495 524 662 680

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
37 7 25 32 21 26 31
-18 -16 17,744 -11 -2 -96 -0
-20 9 1 -21 -8 104 -21
Net Cash Flow -0 0 17,770 -0 11 34 10
Free Cash Flow 21 -9 1 22 18 -1 2
CFO/OP 148% 28% 73% 85% 51% 65% 76%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 107 118 79 78 113 113 103
Inventory Days 345 347 299 264 273 279 252
Days Payable 74 84 86 55 58 52 44
Cash Conversion Cycle 378 380 293 287 327 340 311
Working Capital Days 75 118 82 79 93 175 167
ROCE % 6% 7% 8% 8% 7% 7%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025
Installed Capacity - Cranes
Units per Annum

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Installed Capacity - Tractors
Units per Annum
Number of Tractor Dealers
Number
Sales Volume - Cranes
Units
Sales Volume - Tractors
Units
Inventory Holding Period
Days
NBFC Loan Book (AUM) - Barota Finance
INR Crores
Operating Cycle
Days
Tractor Industry Market Share
Percentage
Export Presence (Countries)
Number
Number of Crane Dealers
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
69.44% 69.44% 69.53% 69.80% 70.46%
0.82% 0.55% 0.40% 0.01% 0.18%
5.97% 4.88% 4.72% 4.31% 3.40%
23.77% 25.14% 25.34% 25.87% 25.96%
No. of Shareholders 58,00053,19344,96544,67644,995

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls