Indo Farm Equipment
INDOFARM NSE
Indo Farm Equipment
AutomobilesNSE: INDOFARM BSE: 544328 Tractors
Key Fundamentals
MicrocapTractorsAutomobilesMarket Cap
₹661 Cr
Volatility
Moderate
P/E Ratio
27.29
EBITDA
₹58.08 Cr
Return on Equity
4.43%
Debt to Equity
0.27
Book Value
₹115.81
52W High
₹271.69
52W Low
₹110.7
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.01% over last 3 years.
Growth Rate
Revenue Growth
12.88% higher than
3Y
Net Income Growth
8.64% lower than
3Y
Cash Flow Change
30.61% lower than
3Y
ROE
-8.85% lower than
3Y
ROCE
-34.04% lower than
3Y
EBITDA Margin (Avg.)
-16.71% higher than
3Y
Quarterly Results
| 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 in Rs | 0.62 | 0.91 | 1.01 | 2.81 | 1.13 | 1.04 | 1.16 | 1.81 | 1.18 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 245 | 244 | 320 | 356 | 360 | 368 | 440 | 454 |
| Expenses | 211 | 203 | 266 | 297 | 299 | 310 | 382 | 395 |
| Operating Profit | 34 | 41 | 54 | 59 | 62 | 58 | 58 | 59 |
| OPM % | 14% | 17% | 17% | 17% | 17% | 16% | 13% | 13% |
| Other Income | 2 | 0 | -2 | 0 | 1 | 3 | 7 | 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 in Rs | 5.26 | 9.04 | 7.31 | 8.19 | 4.1 | 4.9 | 5.14 | 5.19 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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
| 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/OP | 88 | 7 | 22 | 61 | 73 | 100 | 61 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 111 | 82 | 76 | 106 | 107 | 99 |
| 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 | 307 |
| Working Capital Days | 109 | 126 | 103 | 92 | 104 | 184 | 179 |
| ROCE % | — | 7% | 9% | 9% | 9% | 8% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Indo Farm Equipment insights
46 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Clarification sought from Indo Farm Equipment Ltd
9 Sep - Exchange has sought clarification from Indo Farm Equipment Ltd on September 09, 2026, with reference to Movement in Volume. 9 Sep - Exchange has sought clarification from Indo Farm Equipment Ltd on September 09, 2026, with reference to Movement in Volume.
2
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under regulation 74(5) of the SEBI (Depositories & Participate ) Regulation 2028. 8 Apr - Certificate under regulation 74(5) of the SEBI (Depositories & Participate ) Regulation 2028.
3
Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')- Increase In 'Promoter/Promoter Group' Shareholding In The Company.
30 Mar - Promoters acquired 135,203 shares on Mar 27 and Mar 30, 2026; promoter stake rose to 70.62%. 30 Mar - Promoters acquired 135,203 shares on Mar 27 and Mar 30, 2026; promoter stake rose to 70.62%.
4
Closure of Trading Window
30 Mar - Trading window closed 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026. 30 Mar - Trading window closed 01-Apr-2026 until 48 hours after audited results for quarter/year ended 31-Mar-2026.
5
Regulation 30 Of The SEBI (LODR) Regulations, 2015 ('Listing Regulations')- Increase In 'Promoter/Promoter Group' Shareholding In The Company.
27 Feb - Shubham Khadwalia bought 100,000 shares on Feb 25 and 27, 2026; promoter stake rose to 70.35%. 27 Feb - Shubham Khadwalia bought 100,000 shares on Feb 25 and 27, 2026; promoter stake rose to 70.35%.
4
Notice Of 26Th Annual General Meeting ("AGM") Of The Company For The Financial Year 2025-26. 28 Aug 2026
Intimation
Frequently Asked Questions about Indo Farm Equipment
What does Indo Farm Equipment Ltd do?
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.[1]
Where is Indo Farm Equipment Ltd (INDOFARM) listed?
Indo Farm Equipment Ltd trades as INDOFARM on the NSE and under code 544328 on the BSE.
Which sector does Indo Farm Equipment Ltd belong to?
Indo Farm Equipment Ltd is classified under the Automobiles sector, in the Tractors industry.
What is the market capitalisation of Indo Farm Equipment Ltd?
Indo Farm Equipment Ltd has a market capitalisation of ₹661.48 Cr, which places it in the Small Cap band.
What is the PE ratio of Indo Farm Equipment Ltd?
Indo Farm Equipment Ltd trades at a PE ratio of 27.29, against a book value of ₹115.81 per share.
What is the 52-week high and low of Indo Farm Equipment Ltd?
Over the last 52 weeks Indo Farm Equipment Ltd has traded between ₹110.7 and ₹271.69.
What is the Return on Equity (ROE) of Indo Farm Equipment Ltd?
Indo Farm Equipment Ltd reported a return on equity of 4.43%. Its debt-to-equity ratio is 0.27.
Company Information
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.[1]
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