1. India Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Indo Farm Equipment Ltd.

Indo Farm Equipment Ltd.

120.95
INR
-1.25
(-1.02%)
15.60EPS
9.49P/E
7.12BMarket Cap
Indo Farm Equipment Ltd.
BSE:INDOFARM
(Bombay Stock Exchange)

Recent

price

120.95

P/E

ratio

9.49

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
INR
55.67
73.17
77.05
77.98
93.6
91.46
292.95
Revenue per Share
1.77
2.86
3.2
3.21
5.7
5.14
15.6
Basic EPS, GAAP
-3.09
-3.44
4.31
6.55
6.33
0.03
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
54.37
57.19
60.43
65.98
110.58
115.81
- -
Book Value per Share
53.78
56.21
59.19
64.95
109.18
113.98
- -
Tangible Book Value per Share
48
48
48
48
41
48
48
Basic Weighted Avg Shares
2,675
3,516
3,702
3,747
3,866
4,395
14,068
Sales/Revenue/Turnover
12.69
12.79
13.55
14.12
12.6
11.23
10.01
Operating Margin (%)
81
90
88
103
108
123
403
Depreciation Expense
85
137
154
154
235
247
749
Net Income, GAAP
28.56
28.82
30.91
35.53
10.01
29.27
29.28
Effective Tax Rate (%)
3.17
3.9
4.15
4.11
6.09
5.62
5.33
Profit Margin (%)
864
932
933
1,181
2,961
2,923
- -
Working Capital
1,016
1,260
1,098
851
589
454
- -
LT Debt
2,612
2,748
2,904
3,171
5,313
5,565
- -
Total Equity
- -
5.91
6.09
5.8
6.66
4.66
- -
Return on Invested Capital (%)
- -
5.66
5.88
5.6
6.61
5.06
- -
Return on Capital (%)
- -
5.12
5.44
5.07
5.55
4.54
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,041
- -
LT Borrowings
- -
445
- -
LT Finance Leases
- -
9
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
10,002
5,336
7,116

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
4,437
- -
Cash, Cash Equivalents & STI
- -
762
- -
Accounts Receivable, Net
- -
1,198
- -
Inventories
- -
1,791
- -
Total Current Liabilities
- -
1,514
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,041
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
18.47%
4.73%
Free Cash Flow
- -
-55.62%
-99.43%
Net Income, GAAP
- -
26.31%
4.87%
Sales/Revenue/Turnover
- -
10.96%
13.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
750
861
9,617
1,300
3,866
2026
963
1,039
10,587
1,340
4,395
2027
1,102
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.51
0.75
8.29
3.27
5.7
2026
1.13
1.04
11.56
1.81
5.14
2027
1.18
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Indo Farm Equipment Ltd. manufactures and sells agricultural tractors, pick-and-carry cranes, engines, diesel gensets, harvester combines, rotavators, and related implements under the Indo Farm and Indo Power brands; it also provides tractor financing through its NBFC subsidiary, Barota Finance Ltd. The company offers tractors in the 20-110 HP range, hydraulic pick-and-carry cranes with capacities from 9 to 30 tons, mobile tower cranes, and other farm equipment including rotary tillers. Incorporated in 1994 and headquartered in Baddi, District Solan, Himachal Pradesh, India, Indo Farm operates a fully integrated manufacturing facility spanning 34 acres with in-house foundry, machine shop, and assembly units, supporting an installed capacity of up to 18,000 tractors, 2,400 cranes, and 20,000 engines annually; it serves domestic markets pan-India through six regional offices and a network of 173 dealers while exporting to Africa, Latin America, the Gulf, Central Asia, and South Asia. In late 2024 and early 2025, Indo Farm launched an initial public offering raising approximately ₹260 crore through a fresh issue of ₹185 crore and an offer for sale, with proceeds allocated to expand pick-and-carry crane manufacturing capacity by 3,600 units annually via a new dedicated facility, repay borrowings, augment the capital base of Barota Finance Ltd., and general corporate purposes including debt reduction and branding initiatives. The company has since reduced debt levels and reported 31% year-over-year revenue growth to ₹91.25 crore in a recent quarter, alongside expansions in crane capacity toward 5,000 units. Recent promoter group shareholding increases in November 2025, including acquisitions by Shubham Khadwalia and Diksha Khadwalia totaling over 70,000 shares, elevated promoter stake to approximately 69.77%, signaling strengthened control amid operational enhancements.