Indo Farm Equipment
- P/E
- 23.75
Key Fundamentals
MicrocapAgricultural Commercial & Construction VehiclesCapital GoodsPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- 7.70%
- Debt to Equity
- 0.27
- EPS (TTM)
- ₹5.19
- Book Value
- ₹115.81
- Market Cap
- —
- P/E (TTM)
- 23.75
- P/B
- 1.06
- ROE
- 4.82%
- Dividend Yield
- 0.00%
- EBITDA
- ₹64.60 Cr
- 52W High
- ₹241.95
- 52W Low
- ₹110.70
- Day Range
- ₹116.21 – ₹124.50
- Volume
- 68,140
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
Data confidence 100/100
Category scores
- Quality
- 51
- Average
- Returns, margins, earnings quality 22% weight
- Valuation
- 54
- Average
- Cheap vs sector & own history 24% weight
- Growth
- 39
- Weak
- Sales & profit trajectory 9% weight
- Financial Health
- 43
- Weak
- Solvency, leverage, coverage 9% weight
- Momentum
- 23
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 31
- Poor
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
1- Stock is trading at 1.11 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.4% over past five years.
- Company has a low return on equity of 5.20% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bearish | 10 | 6 | 3 |
| Oscillators | Bearish | 2 | 6 | 1 |
| Moving Averages | Strong Bearish | 8 | 0 | 2 |
Oscillators
Bearish
Overall
Strong Bearish
Moving Averages
Strong Bearish
Key readings
- RSI (14)
- 46.65
- Neutral
- MACD (12,26,9)
- −4.55
- Bullish
- SMA (50)
- 132.15
- Bearish
- SMA (200)
- 141.09
- Bearish
As of
Growth Rate
From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 5Y | +11.37% |
|---|---|
| 3Y | +5.50% |
| 1Y | +13.59% |
| TTM | +11.14% |
Net profit
| 5Y | +25.59% |
|---|---|
| 3Y | +18.56% |
| 1Y | +4.17% |
| TTM | −6.03% |
Operating cash flow
| 5Y | +97.44% |
|---|---|
| 3Y | 0.00% |
| 1Y | −43.40% |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 5Y | −2.45 pp |
|---|---|
| 3Y | −2.22 pp |
| 1Y | −1.68 pp |
| TTM | −1.45 pp |
Revenue by year
| Mar 2020 | ₹245 Cr |
|---|---|
| Mar 2021 | ₹244 Cr |
| Mar 2022 | ₹320 Cr |
| Mar 2023 | ₹356 Cr |
| Mar 2024 | ₹360 Cr |
| Mar 2025 | ₹368 Cr |
| Mar 2026 | ₹418 Cr |
Net profit by year
| Mar 2020 | ₹5.00 Cr |
|---|---|
| Mar 2021 | ₹8.00 Cr |
| Mar 2022 | ₹14.00 Cr |
| Mar 2023 | ₹15.00 Cr |
| Mar 2024 | ₹15.00 Cr |
| Mar 2025 | ₹24.00 Cr |
| Mar 2026 | ₹25.00 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.96 | 86.09 | 96.17 | 130 | 96.26 | 104 | 106 | 134 | 110 |
| Expenses | 62.88 | 73.15 | 81.34 | 112 | 83.09 | 91.13 | 92.35 | 115 | 95.78 |
| Operating Profit | 12.08 | 12.94 | 14.83 | 18.43 | 13.17 | 12.76 | 13.52 | 18.62 | 14.46 |
| OPM % | 16.12% | 15.03% | 15.42% | 14.18% | 13.68% | 12.28% | 12.77% | 13.9% | 13.12% |
| Other Income | 0.58 | 0.3 | 0.14 | 1.61 | 1.75 | 1.86 | 1.76 | 1.17 | 1.05 |
| Interest | 6.34 | 5.89 | 6.53 | 5.16 | 4.41 | 4.41 | 4.38 | 4.25 | 4.05 |
| Depreciation | 2.57 | 2.49 | 2.75 | 3 | 2.99 | 3.04 | 3.04 | 3.18 | 3.62 |
| PBT | 3.75 | 4.86 | 5.69 | 11.88 | 7.52 | 7.17 | 7.86 | 12.36 | 7.84 |
| Tax % | 34.4% | 25.93% | 30.05% | −13.8% | 27.66% | 30.4% | 29.26% | 29.53% | 27.81% |
| Net Profit | 2.45 | 3.6 | 3.98 | 13.51 | 5.43 | 4.98 | 5.56 | 8.72 | 5.66 |
| EPS (₹) | 0.62 | 0.91 | 1.01 | 2.81 | 1.13 | 1.04 | 1.16 | 1.81 | 1.18 |
Profit & Loss
₹ Cr| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 245 | 244 | 320 | 356 | 360 | 368 | 418 | 454 |
| Expenses | 211 | 203 | 266 | 297 | 299 | 308 | 358 | 395 |
| Operating Profit | 34 | 41 | 54 | 59 | 62 | 59 | 60 | 59 |
| OPM % | 14% | 17% | 17% | 17% | 17% | 16% | 14% | 13% |
| Other Income | 2 | 0 | −2 | 0 | 1 | 1 | 4 | 6 |
| Interest | 20 | 21 | 24 | 28 | 28 | 24 | 17 | 17 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 11 | 12 | 13 |
| PBT | 8 | 12 | 19 | 22 | 24 | 26 | 35 | 35 |
| Tax % | 39% | 29% | 29% | 31% | 36% | 10% | 29% | — |
| Net Profit | 5 | 8 | 14 | 15 | 15 | 24 | 25 | 25 |
| EPS (₹) | 1.31 | 2.26 | 3.65 | 4.09 | 4.1 | 4.9 | 5.14 | 5.19 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | 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 |
| Borrowings | 198 | 235 | 275 | 281 | 272 | 173 | 150 |
| Other Liabilities | 34 | 55 | 70 | 52 | 59 | 57 | 64 |
| Total Liabilities | 486 | 551 | 620 | 623 | 648 | 762 | 770 |
| Fixed Assets | 172 | 184 | 194 | 206 | 202 | 214 | 211 |
| CWIP | 18 | 14 | 20 | 8 | 5 | 9 | 29 |
| Investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 296 | 353 | 405 | 408 | 441 | 539 | 530 |
| Total Assets | 486 | 551 | 620 | 623 | 648 | 762 | 770 |
Cash Flow
₹ Cr| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 28 | 1 | 10 | 30 | 41 | 53 | 30 |
| Investing | −15 | −16 | −26 | −8 | −3 | −75 | 25 |
| Financing | −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/EBITDA | 88 | 7 | 22 | 61 | 73 | 98 | 59 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 111 | 82 | 76 | 106 | 107 | 105 |
| 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 | 313 |
| Working Capital Days | 109 | 126 | 103 | 92 | 104 | 184 | 189 |
| ROCE % | — | 7% | 9% | 9% | 9% | 8% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo Farm Equipment insights
61 extracted metrics across FY19–FY27.
Documents
- Q1 FY27 concall · Aug 2026Transcript PPT Recording
- Q4 FY26 concall · May 2026Transcript PPT Recording
- Q3 FY26 concall · Feb 2026Transcript PPT
- Concall · Nov 2025Transcript Recording
- Q1 FY26 concall · Aug 2025Transcript PPT Recording
- 18 Sep 2026
- 8 Aug 2025
- 24 Jul 2024
- 12 Jun 2023
- 14 Mar 2022
- General announcements 6 Oct 2026
Frequently Asked Questions about Indo Farm Equipment
What does Indo Farm Equipment Ltd do?
Where is Indo Farm Equipment Ltd (INDOFARM) listed?
Which sector does Indo Farm Equipment Ltd belong to?
What is the PE ratio of Indo Farm Equipment Ltd?
What is the 52-week high and low of Indo Farm Equipment Ltd?
What is the Return on Equity (ROE) of Indo Farm Equipment Ltd?
Company Information
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.
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