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

₹ 234 -0.36%
31 Oct - 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 ₹ 1,124 Cr.
  • Current Price ₹ 234
  • High / Low ₹ 293 / 133
  • Stock P/E 42.4
  • Book Value ₹ 111
  • Dividend Yield 0.00 %
  • ROCE 7.74 %
  • ROE 5.56 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 8.47% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.47% over last 3 years.
  • Working capital days have increased from 127 days to 184 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
74.96 86.09 96.17 129.97 96.26
62.88 73.15 81.34 111.54 83.09
Operating Profit 12.08 12.94 14.83 18.43 13.17
OPM % 16.12% 15.03% 15.42% 14.18% 13.68%
0.58 0.30 0.14 1.61 1.75
Interest 6.34 5.89 6.53 5.16 4.41
Depreciation 2.57 2.49 2.75 3.00 2.99
Profit before tax 3.75 4.86 5.69 11.88 7.52
Tax % 34.40% 25.93% 30.05% -13.80% 27.66%
2.45 3.60 3.98 13.51 5.43
EPS in Rs 0.62 0.91 1.01 2.81 1.13
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
245 268 320 356 360 368 408
211 227 266 297 299 310 349
Operating Profit 34 41 54 59 62 58 59
OPM % 14% 15% 17% 17% 17% 16% 15%
2 0 -2 -0 1 3 4
Interest 20 21 24 28 28 24 22
Depreciation 8 8 9 9 10 11 11
Profit before tax 8 12 19 22 24 26 30
Tax % 39% 28% 29% 31% 36% 10%
5 9 14 15 15 24 27
EPS in Rs 5.26 9.14 7.31 8.19 4.10 4.90 5.86
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 8%
3 Years: 5%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 36%
3 Years: 16%
TTM: 53%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 5%
3 Years: 5%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 9 9 19 19 38 48
Reserves 245 253 256 272 280 483
198 235 275 281 272 173
34 53 70 52 59 57
Total Liabilities 486 550 620 623 648 762
172 184 194 206 202 214
CWIP 18 14 20 8 5 9
Investments 0 0 1 0 0 0
296 352 405 408 441 539
Total Assets 486 550 620 623 648 762

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
28 12 10 30 41 53
-15 -16 -26 -8 -3 -75
-13 5 16 -22 -26 68
Net Cash Flow -0 1 0 -0 12 46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 101 100 82 76 106 107
Inventory Days 345 347 299 264 273 279
Days Payable 48 37 86 50 58 52
Cash Conversion Cycle 398 410 295 290 320 334
Working Capital Days 109 117 103 92 104 184
ROCE % 7% 9% 9% 9% 8%

Shareholding Pattern

Numbers in percentages

18 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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