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 ₹ 762 Cr.
- Current Price ₹ 158
- High / Low ₹ 293 / 133
- Stock P/E 45.8
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 9.22 %
- ROE 5.47 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -24.0%
- Company has a low return on equity of 5.61% over last 3 years.
- Debtor days have increased from 88.0 to 106 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 245 | 268 | 320 | 356 | 360 | |
| 211 | 227 | 266 | 297 | 297 | |
| Operating Profit | 34 | 41 | 54 | 59 | 63 |
| OPM % | 14% | 15% | 17% | 17% | 18% |
| 2 | 0 | -2 | -0 | -1 | |
| Interest | 20 | 21 | 24 | 28 | 28 |
| Depreciation | 8 | 8 | 9 | 9 | 10 |
| Profit before tax | 8 | 12 | 19 | 22 | 24 |
| Tax % | 39% | 28% | 29% | 31% | 35% |
| 5 | 9 | 14 | 15 | 16 | |
| EPS in Rs | 5.26 | 9.14 | 7.31 | 8.19 | 4.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 19 | 19 | 38 | 39 |
| Reserves | 245 | 253 | 256 | 272 | 280 | 308 |
| 198 | 235 | 275 | 281 | 272 | 249 | |
| 34 | 53 | 70 | 52 | 59 | 57 | |
| Total Liabilities | 486 | 550 | 620 | 623 | 648 | 653 |
| 172 | 184 | 194 | 206 | 202 | 206 | |
| CWIP | 18 | 14 | 20 | 8 | 5 | 8 |
| Investments | 0 | 0 | 1 | 0 | 0 | 0 |
| 296 | 352 | 405 | 408 | 441 | 439 | |
| Total Assets | 486 | 550 | 620 | 623 | 648 | 653 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 28 | 12 | 10 | 30 | 41 | |
| -15 | -16 | -26 | -8 | -3 | |
| -13 | 5 | 16 | -22 | -26 | |
| Net Cash Flow | -0 | 1 | 0 | -0 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 101 | 100 | 82 | 76 | 106 |
| Inventory Days | 345 | 347 | 299 | 264 | 273 |
| Days Payable | 48 | 37 | 86 | 50 | 58 |
| Cash Conversion Cycle | 398 | 410 | 295 | 290 | 320 |
| Working Capital Days | 285 | 260 | 273 | 267 | 294 |
| ROCE % | 7% | 9% | 9% | 9% |
Documents
Announcements
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Board Meeting Intimation for Intimation Of Board Meeting Under Regulation 29 Of The SEBI (LODR) Regulations, 2015 For Consideration Of Audited Financial Results For The Quarter And Year Ended March 31, 2025
10h - Board meeting on May 28 to approve audited results for quarter/year ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Appointment of Mr. Prashant Suryawanshi as Senior VP effective May 20, 2025, with 30+ years experience.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
13 May - IPO proceeds utilization report: Rs. 98.73 Cr used as per plan, no deviations for quarter ended March 31, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Apr - Indo Farm acquires tower crane technology from Sichuan Hongsheng, boosting local manufacturing and infrastructure sector presence.
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Additional Disclosure With Respect To Tower Crane Technology Transfer Certificate.
22 Apr - Received tower crane technology transfer certificate from China enabling new manufacturing capabilities.
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.