Indo Farm Equipment Ltd

Indo Farm Equipment Ltd

₹ 156 -3.53%
22 Jul - close price
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.

  • Market Cap 750 Cr.
  • Current Price 156
  • High / Low 272 / 111
  • Stock P/E 30.4
  • Book Value 116
  • Dividend Yield 0.00 %
  • ROCE 7.42 %
  • ROE 4.54 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.01% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
74.96 86.09 96.17 129.97 96.26 103.89 105.87 133.99
62.88 73.15 81.34 111.54 83.09 91.13 92.35 115.37
Operating Profit 12.08 12.94 14.83 18.43 13.17 12.76 13.52 18.62
OPM % 16.12% 15.03% 15.42% 14.18% 13.68% 12.28% 12.77% 13.90%
0.58 0.30 0.14 1.61 1.75 1.86 1.76 1.17
Interest 6.34 5.89 6.53 5.16 4.41 4.41 4.38 4.25
Depreciation 2.57 2.49 2.75 3.00 2.99 3.04 3.04 3.18
Profit before tax 3.75 4.86 5.69 11.88 7.52 7.17 7.86 12.36
Tax % 34.40% 25.93% 30.05% -13.80% 27.66% 30.40% 29.26% 29.53%
2.45 3.60 3.98 13.51 5.43 4.98 5.56 8.72
EPS in Rs 0.62 0.91 1.01 2.81 1.13 1.04 1.16 1.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
245 244 320 356 360 368 440
211 203 266 297 299 310 382
Operating Profit 34 41 54 59 62 58 58
OPM % 14% 17% 17% 17% 17% 16% 13%
2 0 -2 -0 1 3 7
Interest 20 21 24 28 28 24 17
Depreciation 8 8 9 9 10 11 12
Profit before tax 8 12 19 22 24 26 35
Tax % 39% 29% 29% 31% 36% 10% 29%
5 8 14 15 15 24 25
EPS in Rs 5.26 9.04 7.31 8.19 4.10 4.90 5.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 7%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 23%
3 Years: 15%
TTM: 5%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -26%
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 9 9 19 19 38 48 48
Reserves 245 252 256 272 280 483 508
198 235 275 281 272 173 150
34 55 70 52 59 57 64
Total Liabilities 486 551 620 623 648 762 770
172 184 194 206 202 214 211
CWIP 18 14 20 8 5 9 29
Investments 0 0 1 0 0 0 0
296 353 405 408 441 539 530
Total Assets 486 551 620 623 648 762 770

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
28 1 10 30 41 53 30
-15 -16 -26 -8 -3 -75 25
-13 15 16 -22 -26 68 -41
Net Cash Flow -0 1 0 -0 12 46 14
Free Cash Flow 11 -15 -15 21 38 26 0
CFO/OP 88% 7% 22% 61% 73% 100% 61%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 101 111 82 76 106 107 99
Inventory Days 345 347 299 264 273 279 252
Days Payable 48 84 86 50 58 52 44
Cash Conversion Cycle 398 373 295 290 320 334 307
Working Capital Days 109 126 103 92 104 184 179
ROCE % 7% 9% 9% 9% 8% 7%

Insights

In beta
Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Crane Capacity Utilization
% ・Standalone data

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Crane Installed Capacity
units p.a. ・Standalone data
Crane Sales Volume
units ・Standalone data
Tractor Capacity Utilization
% ・Standalone data
Tractor Dealer Network
dealers ・Standalone data
Tractor Installed Capacity
units p.a. ・Standalone data
Tractor Sales Volume
units ・Standalone data
Crane Dealer Network
dealers ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
69.44% 69.44% 69.53% 69.80% 70.46% 70.62%
0.82% 0.55% 0.40% 0.01% 0.18% 0.08%
5.97% 4.88% 4.72% 4.31% 3.40% 2.52%
23.77% 25.14% 25.34% 25.87% 25.96% 26.78%
No. of Shareholders 58,00053,19344,96544,67644,99544,005

* 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.

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