INDO FARM EQUIPMENT LTD INDOFARM NSEINFRA

Industrials · Farm & Heavy Construction Machinery · India

https://www.indofarm.in

Indo Farm Equipment Limited manufactures and sells agricultural, industrial, and construction equipment in India. The company operates through the Tractor, Crane, NBFC, and Others segments. It offers tractors, rotary tillers, and harvesters, as well as hydraulic pick and carry cranes and mobile tower cranes. The company also provides financing for new tractors and refinancing for pre-owned tractors. It exports its products to 30 countries across Asia, Africa, Europe, and South America. The company was formerly known as Indo Farm Industries Limited and changed its name to Indo Farm Equipment Limited in November 2009. Indo Farm Equipment Limited was incorporated in 1994 and is based in Baddi, India.

Market & Price

Market Cap

₹613.14 Cr

Current Price

₹127.60

High / Low (52W)

₹265.43 / ₹111.16

Beta

Valuation

Stock P/E

24.82

Industry PE

27.78

Forward P/E

PEG Ratio

Book Value

₹113.03

Price to Book

1.13

P/S

1.39

EV/EBITDA

11.85

Dividend Yield

Profitability & Returns

ROCE

8.46%

ROE

4.54%

ROA

3.74%

Profit Margin

5.61%

Op Margin

11.53%

EPS (Latest Qtr)

₹1.81

EPS (TTM)

₹5.14

Balance Sheet & Liquidity

Debt/Equity

0.27

Quick Ratio

1.30

Current Ratio

2.93

Debt

₹149.55 Cr

Total Assets

₹770.35 Cr

Current Assets

₹443.67 Cr

Working Capital

₹292.31 Cr

Ownership

Promoter Holding

74.11%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹687.99 Cr

Total Revenue (TTM)

₹440.02 Cr

EBITDA

₹58.08 Cr

Free Cash Flow

₹-19.95 Cr

Operating Cash Flow

₹29.70 Cr

Shares Outstanding

₹4.81 Cr

Gross Margin

41.09%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

5.93%

Profit 5Y

17.12%

Revenue (YoY)

3.10%

Earnings (YoY)

-44.60%

PROS

Profit CAGR of 17.1% over 5 years.

CONS

Trading 51.9% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	INDOFARM INDO FARM EQUIPMENT LTD NSEINFRA	127.60	24.82	₹613.14 Cr	-	8.46%	4.54%	5.93%	17.12%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	961.68 Cr	129.97 Cr	96.26 Cr	103.89 Cr	1,058.72 Cr	133.99 Cr
Cost of Revenue	-	542.36 Cr	81.36 Cr	54.42 Cr	62.56 Cr	614.79 Cr	80.75 Cr
Gross Profit	-	419.32 Cr	48.61 Cr	41.84 Cr	41.34 Cr	443.93 Cr	53.24 Cr
Operating Expenses	-	298.47 Cr	33.19 Cr	31.66 Cr	31.61 Cr	339.16 Cr	37.80 Cr
Operating Income	-	120.85 Cr	15.42 Cr	10.18 Cr	9.73 Cr	104.77 Cr	15.44 Cr
EBITDA	-	149.72 Cr	20.03 Cr	14.92 Cr	14.63 Cr	152.79 Cr	19.79 Cr
Interest Expense	-	65.29 Cr	5.16 Cr	4.41 Cr	4.41 Cr	43.80 Cr	4.25 Cr
Pretax Income	-	56.91 Cr	11.87 Cr	7.52 Cr	7.17 Cr	78.57 Cr	12.36 Cr
Tax Provision	-	17.10 Cr	-1.64 Cr	2.09 Cr	2.18 Cr	23.01 Cr	3.65 Cr
Net Income	-	39.82 Cr	13.51 Cr	5.43 Cr	4.98 Cr	55.56 Cr	8.72 Cr
Diluted EPS	0.75	1.01	3.27	1.13	1.04	1.16	1.81

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	370.23 Cr	374.69 Cr	387.19 Cr	440.02 Cr
Cost of Revenue	-	232.49 Cr	228.42 Cr	226.24 Cr	259.21 Cr
Gross Profit	-	137.74 Cr	146.27 Cr	160.95 Cr	180.81 Cr
Operating Expenses	-	87.59 Cr	93.37 Cr	113.49 Cr	134.98 Cr
Operating Income	-	50.15 Cr	52.90 Cr	47.46 Cr	45.82 Cr
EBITDA	-	56.54 Cr	60.74 Cr	60.89 Cr	64.62 Cr
Interest Expense	-	25.47 Cr	26.54 Cr	23.91 Cr	17.46 Cr
Pretax Income	-	22.25 Cr	23.89 Cr	26.17 Cr	34.91 Cr
Tax Provision	-	6.88 Cr	8.49 Cr	2.62 Cr	10.22 Cr
Net Income	-	15.37 Cr	15.40 Cr	23.55 Cr	24.69 Cr
Diluted EPS	2.86	3.20	3.21	5.70	-

Compounded Sales Growth

5 Years:	5.93%
1 Year:	3.10%

Compounded Profit Growth

5 Years:	17.12%
1 Year:	-44.60%

Stock Price Performance

1 Year:	-20.97%
6 Months:	-35.62%
3 Months:	-9.70%
1 Month:	-6.65%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	622.84 Cr	647.95 Cr	761.89 Cr	770.35 Cr
Current Assets	-	310.77 Cr	355.58 Cr	461.17 Cr	443.67 Cr
Cash & Equivalents	-	1.76 Cr	14.06 Cr	59.60 Cr	73.17 Cr
Inventory	-	162.88 Cr	164.85 Cr	172.97 Cr	179.12 Cr
Receivables	-	74.39 Cr	104.40 Cr	107.77 Cr	119.77 Cr
Total Liabilities	-	332.47 Cr	330.89 Cr	230.54 Cr	213.87 Cr
Current Liabilities	-	217.49 Cr	237.46 Cr	165.10 Cr	151.36 Cr
Long Term Debt	-	109.85 Cr	83.66 Cr	57.80 Cr	44.51 Cr
Total Debt	-	280.65 Cr	272.16 Cr	173.43 Cr	149.55 Cr
Total Equity	-	290.37 Cr	317.06 Cr	531.35 Cr	556.48 Cr
Shares Outstanding	-	4.81 Cr	4.81 Cr	4.81 Cr	4.81 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	30.18 Cr	40.58 Cr	53.00 Cr	29.70 Cr
Investing Cash Flow	-	-8.37 Cr	-2.59 Cr	-75.39 Cr	25.22 Cr
Financing Cash Flow	-	-21.99 Cr	-25.70 Cr	67.93 Cr	-41.34 Cr
Capital Expenditure	-	-9.47 Cr	-9.12 Cr	-26.85 Cr	-29.55 Cr
Free Cash Flow	-	20.70 Cr	31.47 Cr	26.15 Cr	14.85 L
Net Change in Cash	-	-19.00 L	12.30 Cr	45.54 Cr	13.57 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	37.2%	39.0%	41.6%	41.1%
Operating Margin %	-	13.5%	14.1%	12.3%	10.4%
Net Margin %	-	4.2%	4.1%	6.1%	5.6%
ROE %	-	5.3%	4.9%	4.4%	4.4%
ROCE %	-	12.4%	12.9%	8.0%	7.4%

Shareholding Pattern

Insiders

74.11%

Institutions

0.00%

Public Float

0.00%

Analyst View

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INDOFARM · Industrials