Indo Farm Equipment Ltd
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.[1]
- Market Cap ₹ 764 Cr.
- Current Price ₹ 159
- High / Low ₹ 293 / 133
- Stock P/E 46.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 9.22 %
- ROE 5.47 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -24.0%
- Company has a low return on equity of 5.61% over last 3 years.
- Debtor days have increased from 88.0 to 106 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 245 | 268 | 320 | 356 | 360 | |
| 211 | 227 | 266 | 297 | 297 | |
| Operating Profit | 34 | 41 | 54 | 59 | 63 |
| OPM % | 14% | 15% | 17% | 17% | 18% |
| 2 | 0 | -2 | -0 | -1 | |
| Interest | 20 | 21 | 24 | 28 | 28 |
| Depreciation | 8 | 8 | 9 | 9 | 10 |
| Profit before tax | 8 | 12 | 19 | 22 | 24 |
| Tax % | 39% | 28% | 29% | 31% | 35% |
| 5 | 9 | 14 | 15 | 16 | |
| EPS in Rs | 5.26 | 9.14 | 7.31 | 8.19 | 4.15 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 19 | 19 | 38 | 39 |
| Reserves | 245 | 253 | 256 | 272 | 280 | 308 |
| 198 | 235 | 275 | 281 | 272 | 249 | |
| 34 | 53 | 70 | 52 | 59 | 57 | |
| Total Liabilities | 486 | 550 | 620 | 623 | 648 | 653 |
| 172 | 184 | 194 | 206 | 202 | 206 | |
| CWIP | 18 | 14 | 20 | 8 | 5 | 8 |
| Investments | 0 | 0 | 1 | 0 | 0 | 0 |
| 296 | 352 | 405 | 408 | 441 | 439 | |
| Total Assets | 486 | 550 | 620 | 623 | 648 | 653 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 28 | 12 | 10 | 30 | 41 | |
| -15 | -16 | -26 | -8 | -3 | |
| -13 | 5 | 16 | -22 | -26 | |
| Net Cash Flow | -0 | 1 | 0 | -0 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 101 | 100 | 82 | 76 | 106 |
| Inventory Days | 345 | 347 | 299 | 264 | 273 |
| Days Payable | 48 | 37 | 86 | 50 | 58 |
| Cash Conversion Cycle | 398 | 410 | 295 | 290 | 320 |
| Working Capital Days | 285 | 260 | 273 | 267 | 294 |
| ROCE % | 7% | 9% | 9% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - Indo Farm acquires tower crane technology from Sichuan Hongsheng, boosting local manufacturing and infrastructure sector presence.
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Additional Disclosure With Respect To Tower Crane Technology Transfer Certificate.
1d - Received tower crane technology transfer certificate from China enabling new manufacturing capabilities.
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Pursuant To Regulation 30 Of SEBI (LODR) Regulations, 2015 Read With Part A Of Schedule III Of The SEBI Listing Regulations, We Wish To Inform That Indo Farm Equipment Limited ('The Company') Has Signed & Entered Into An Agreement On April 21, 2025 For A Purchase Of Technology From Beida Commercial And Trade Company For Manufacturing The Tower Crane.
2d - Indo Farm buys tower crane technology from Beida, enabling quick market entry and saving R&D costs.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Apr - Certificate under regulation 74(5) of the SEBI ( Depositories & Participants Regulation 2018 for the Quarter ended March 2025.
- Closure of Trading Window 28 Mar
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.