WEBSITE BSE:544328 NSE: INDOFARM Inc. Year: 1994 Industry: Automobiles-Tractors My Bucket: Add Stock
Last updated: 15:56
Indo Farm Equipment Ltd is a prominent Indian manufacturer specializing in agricultural machinery and construction equipment. Established in 1994, the company operates from a 127,840 sq. m facility in Baddi, Himachal Pradesh, with an annual production capacity of 12,000 tractors and 1,280 pick-and-carry cranes . Indo Farm\'s product portfolio includes tractors ranging from 16 HP to 110 HP and pick-and-carry cranes with capacities from 9 tons to 30 tons. Additionally, the company manufactures harvester combines, rotavators, and spare parts. Appr...Read More
Indo Farm Equipment Ltd is a prominent Indian manufacturer specializing in agricultural machinery and construction equipment. Established in 1994, the company operates from a 127,840 sq. m facility in Baddi, Himachal Pradesh, with an annual production capacity of 12,000 tractors and 1,280 pick-and-carry cranes . Indo Farm\'s product portfolio includes tractors ranging from 16 HP to 110 HP and pick-and-carry cranes with capacities from 9 tons to 30 tons. Additionally, the company manufactures harvester combines, rotavators, and spare parts. Approximately 93% of its sales are domestic, with exports to countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar . ...Read Less
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Market Cap ₹685 Cr.
Stock P/E 29.1
P/B 1.3
Current Price ₹142.6
Book Value ₹ 113.9
Face Value 10
52W High ₹271.5
Dividend Yield 0%
52W Low ₹ 110.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Net Sales | 75 | 86 | 96 | 130 | 96 | 104 | 106 |
| Other Income | 1 | 0 | 0 | 2 | 2 | 2 | 2 |
| Total Income | 76 | 86 | 96 | 132 | 98 | 106 | 108 |
| Total Expenditure | 63 | 73 | 81 | 112 | 83 | 91 | 92 |
| Operating Profit | 13 | 13 | 15 | 20 | 15 | 15 | 15 |
| Interest | 6 | 6 | 7 | 5 | 4 | 4 | 4 |
| Depreciation | 3 | 2 | 3 | 3 | 3 | 3 | 3 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 4 | 5 | 6 | 12 | 8 | 7 | 8 |
| Provision for Tax | 1 | 1 | 2 | -2 | 2 | 2 | 2 |
| Profit After Tax | 2 | 4 | 4 | 14 | 5 | 5 | 6 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 2 | 4 | 4 | 14 | 5 | 5 | 6 |
| Adjusted Earnings Per Share | 0.6 | 0.9 | 1 | 2.8 | 1.1 | 1 | 1.2 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 263 | 315 | 245 | 268 | 352 | 371 | 375 | 387 | 436 |
| Other Income | 0 | 2 | 2 | 28 | 1 | 1 | 1 | 3 | 8 |
| Total Income | 264 | 317 | 247 | 295 | 353 | 372 | 376 | 390 | 444 |
| Total Expenditure | 233 | 277 | 211 | 254 | 301 | 313 | 313 | 329 | 378 |
| Operating Profit | 31 | 39 | 36 | 41 | 52 | 59 | 63 | 61 | 65 |
| Interest | 13 | 17 | 20 | 21 | 24 | 28 | 28 | 24 | 17 |
| Depreciation | 8 | 10 | 8 | 8 | 9 | 9 | 10 | 11 | 12 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 13 | 8 | 12 | 19 | 22 | 24 | 26 | 35 |
| Provision for Tax | 4 | 2 | 3 | 3 | 6 | 7 | 8 | 3 | 4 |
| Profit After Tax | 6 | 11 | 5 | 9 | 14 | 15 | 15 | 24 | 30 |
| Adjustments | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 6 | 11 | 5 | 9 | 14 | 15 | 15 | 24 | 30 |
| Adjusted Earnings Per Share | 1.7 | 2.9 | 1.3 | 2.3 | 3.6 | 4.1 | 4.1 | 4.9 | 6.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | 3% | 10% | 0% |
| Operating Profit CAGR | -3% | 5% | 11% | 0% |
| PAT CAGR | 60% | 20% | 37% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -10% | NA% | NA% | NA% |
| ROE Average | 6% | 5% | 5% | 5% |
| ROCE Average | 8% | 9% | 8% | 8% |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 170 | 187 | 254 | 263 | 275 | 290 | 317 | 531 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 15 | 24 | 69 | 102 | 126 | 110 | 84 | 58 |
| Other Non-Current Liabilities | 11 | 10 | -0 | 0 | 1 | 4 | 10 | 8 |
| Total Current Liabilities | 157 | 185 | 158 | 181 | 214 | 223 | 237 | 165 |
| Total Liabilities | 353 | 406 | 481 | 546 | 616 | 627 | 648 | 762 |
| Fixed Assets | 84 | 81 | 172 | 184 | 194 | 206 | 202 | 214 |
| Other Non-Current Assets | 30 | 46 | 75 | 92 | 115 | 105 | 91 | 87 |
| Total Current Assets | 236 | 276 | 234 | 270 | 307 | 316 | 356 | 461 |
| Total Assets | 353 | 406 | 481 | 546 | 616 | 627 | 648 | 762 |
| #(Fig in Cr.) | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 5 | 4 | 3 | 3 | 2 | 2 | 2 | 14 |
| Cash Flow from Operating Activities | -7 | -51 | 28 | 12 | 10 | 30 | 41 | 53 |
| Cash Flow from Investing Activities | -21 | -11 | -15 | -16 | -26 | -8 | -3 | -75 |
| Cash Flow from Financing Activities | 27 | 61 | -13 | 5 | 16 | -22 | -26 | 68 |
| Net Cash Inflow / Outflow | -1 | -1 | -0 | 1 | 0 | -0 | 12 | 46 |
| Closing Cash & Cash Equivalent | 4 | 3 | 3 | 3 | 2 | 2 | 14 | 60 |
| # | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 1.67 | 2.87 | 1.31 | 2.29 | 3.61 | 4.09 | 4.1 | 4.9 |
| CEPS(Rs) | 3.96 | 5.4 | 3.48 | 4.44 | 6.04 | 6.44 | 6.85 | 7.15 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 46.03 | 48.86 | 67.66 | 69.95 | 73.18 | 77.33 | 81.48 | 110.54 |
| Core EBITDA Margin(%) | 11.67 | 11.84 | 13.78 | 5.1 | 14.61 | 15.55 | 16.46 | 15.04 |
| EBIT Margin(%) | 8.68 | 9.47 | 11.35 | 12.38 | 12.24 | 13.46 | 13.91 | 12.93 |
| Pre Tax Margin(%) | 3.69 | 4.04 | 3.29 | 4.46 | 5.47 | 6 | 6.37 | 6.76 |
| PAT Margin (%) | 2.3 | 3.43 | 2.01 | 3.21 | 3.9 | 4.15 | 4.1 | 6.08 |
| Cash Profit Margin (%) | 5.46 | 6.45 | 5.33 | 6.23 | 6.45 | 6.53 | 6.85 | 8.87 |
| ROA(%) | 1.71 | 2.84 | 1.11 | 1.67 | 2.36 | 2.47 | 2.42 | 3.34 |
| ROE(%) | 3.62 | 6.15 | 2.26 | 3.32 | 5.11 | 5.44 | 5.17 | 5.63 |
| ROCE(%) | 7.68 | 9.15 | 6.9 | 6.98 | 8.23 | 8.9 | 9.01 | 7.76 |
| Receivable days | 98.62 | 97.66 | 123.04 | 96.34 | 75.36 | 72.08 | 86.96 | 100.01 |
| Inventory Days | 180.25 | 150.34 | 191.86 | 183.62 | 157.79 | 160.66 | 159.4 | 159.23 |
| Payable days | 78.85 | 60.87 | 60.63 | 40.52 | 56.54 | 62.92 | 54.55 | 54.48 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.56 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.52 | 0.56 | 0.84 | 0.9 | 0.83 | 0.8 | 0.78 | 2.08 |
| EV/Core EBITDA(x) | 4.36 | 4.5 | 5.7 | 5.84 | 5.58 | 5.04 | 4.68 | 13.21 |
| Net Sales Growth(%) | 0 | 19.5 | -22.1 | 9.26 | 31.48 | 5.3 | 1.21 | 3.19 |
| EBIT Growth(%) | 0 | 30.41 | -6.64 | 19.13 | 29.99 | 15.78 | 4.63 | -4.07 |
| PAT Growth(%) | 0 | 78.32 | -54.24 | 73.96 | 59.81 | 12.05 | 0.2 | 52.87 |
| EPS Growth(%) | 0 | 72.25 | -54.24 | 73.96 | 57.92 | 13.39 | 0.2 | 19.47 |
| Debt/Equity(x) | 0.78 | 0.93 | 0.78 | 0.89 | 1 | 0.97 | 0.88 | 0.32 |
| Current Ratio(x) | 1.5 | 1.49 | 1.48 | 1.49 | 1.43 | 1.42 | 1.5 | 2.79 |
| Quick Ratio(x) | 0.67 | 0.79 | 0.67 | 0.71 | 0.67 | 0.69 | 0.8 | 1.75 |
| Interest Cover(x) | 1.74 | 1.74 | 1.41 | 1.56 | 1.81 | 1.8 | 1.84 | 2.09 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.23 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 69.44 | 69.44 | 69.53 | 69.81 | 70.46 |
| FII | 0.81 | 0.55 | 0.4 | 0.01 | 0.18 |
| DII | 4.19 | 4.07 | 4.18 | 3.77 | 2.5 |
| Public | 25.55 | 25.94 | 25.88 | 26.41 | 26.86 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 3.34 | 3.34 | 3.34 | 3.35 | 3.39 |
| FII | 0.04 | 0.03 | 0.02 | 0 | 0.01 |
| DII | 0.2 | 0.2 | 0.2 | 0.18 | 0.12 |
| Public | 1.23 | 1.25 | 1.24 | 1.27 | 1.29 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 4.81 | 4.81 | 4.81 | 4.81 | 4.81 |
* The pros and cons are machine generated.
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