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 25.1
  • Book Value ₹ 116
  • Dividend Yield 0.00 %
  • ROCE 7.42 %
  • ROE 4.54 %
  • Face Value ₹ 10.0
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Pros

  • Stock is trading at 1.11 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.4% over past five years.
  • 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.

Peer comparison

Industrials Capital Goods Agricultural, Commercial & Construction Vehicles Tractors

Part of BSE Industrials

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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
245 268 320 356 360 368 440
211 227 266 297 299 310 382
Operating Profit 34 41 54 59 62 58 58
OPM % 14% 15% 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% 28% 29% 31% 36% 10% 29%
5 9 14 15 15 24 25
EPS in Rs 5.26 9.14 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: 10%
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: -22%
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 245 253 256 272 280 483 508
198 235 275 281 272 173 150
34 53 70 52 59 57 64
Total Liabilities 486 550 620 623 648 762 770
172 184 194 206 202 214 211
CWIP 18 14 20 8 5 9 29
Investments 0 0 1 0 0 0 0
296 352 405 408 441 539 530
Total Assets 486 550 620 623 648 762 770

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
28 12 10 30 41 53 30
-15 -16 -26 -8 -3 -75 25
-13 5 16 -22 -26 68 -41
Net Cash Flow -0 1 0 -0 12 46 14
Free Cash Flow 11 -5 -15 21 38 26 0
CFO/OP 88% 33% 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 101 100 82 76 106 107 99
Inventory Days 345 347 299 264 273 279 252
Days Payable 48 37 86 50 58 52 44
Cash Conversion Cycle 398 410 295 290 320 334 307
Working Capital Days 109 117 103 92 104 184 179
ROCE % 7% 9% 9% 9% 8% 7%

Insights

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

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

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

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