INDOFARM

Indo Farm Equipment Limited

Agricultural tractors and pick-and-carry cranes

Industrials›Capital Goods›Agricultural, Commercial & Construction Vehicles›Construction Vehicles

indofarm.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹131.08
Market cap
628 Cr
Stock P/E
25.2
P/B
1.13
ROE (FY26)
4.4%
ROCE (FY26)
7.4%
Operating margin (FY26)
10.4%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
51.1%
OCF / EBITDA (3Y)
72.1%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Indo Farm Equipment (Indo Farm) makes tractors and pick-and-carry cranes and sells them through dealers.

Company snapshot

5thBy market cap

Ranked among 5 companies in Construction Vehicles.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 68.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Cranes
68.0%
65 Cr7 Cr140 Cr
NBFC
5.6%
5 Cr2 Cr134 Cr
Others—0 Cr0 Cr29 Cr
Tractor
26.4%
25 Cr3 Cr262 Cr

What we see

Positives
  • ✓Debt-to-equity of 0.27x — the company is largely funded by its own money, not borrowed funds.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales86 Cr96 Cr130 Cr96 Cr104 Cr106 Cr134 Cr110 Cr
Operating expenses (approx.)73 Cr81 Cr112 Cr83 Cr91 Cr92 Cr115 Cr96 Cr
EBITDA13 Cr15 Cr18 Cr13 Cr13 Cr14 Cr19 Cr14 Cr
OPM %15.0%15.4%14.2%13.7%12.3%12.8%13.9%13.1%
Other income0.30 Cr0.14 Cr2 Cr2 Cr2 Cr2 Cr1 Cr1 Cr
Interest6 Cr7 Cr5 Cr4 Cr4 Cr4 Cr4 Cr4 Cr
Depreciation2 Cr3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr4 Cr
Profit before tax5 Cr6 Cr12 Cr8 Cr7 Cr8 Cr12 Cr8 Cr
Tax %25.9%30.0%-13.8%27.7%30.5%29.3%29.5%27.8%
Net profit4 Cr4 Cr14 Cr5 Cr5 Cr6 Cr9 Cr6 Cr
EPS (₹)₹0.91₹1.02₹3.27₹1.13₹1.04₹1.16₹1.81₹1.18

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales352 Cr371 Cr375 Cr387 Cr440 CrSign in free for the trailing twelve months
Operating expenses (approx.)300 Cr313 Cr313 Cr329 Cr382 CrSign in free for the trailing twelve months
EBITDA52 Cr58 Cr62 Cr58 Cr58 CrSign in free for the trailing twelve months
OPM %14.7%15.6%16.5%15.0%13.2%Sign in free for the trailing twelve months
Other income0.44 Cr1 Cr0.72 Cr3 Cr7 CrSign in free for the trailing twelve months
Interest24 Cr28 Cr28 Cr24 Cr17 CrSign in free for the trailing twelve months
Depreciation9 Cr9 Cr10 Cr11 Cr12 CrSign in free for the trailing twelve months
Profit before tax19 Cr22 Cr24 Cr26 Cr35 CrSign in free for the trailing twelve months
Tax %28.8%30.9%34.7%10.0%29.3%Sign in free for the trailing twelve months
Net profit14 Cr15 Cr16 Cr24 Cr25 CrSign in free for the trailing twelve months
EPS (₹)₹3.65₹4.09₹4.15₹5.70₹5.14Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr38 Cr48 Cr48 Cr
Reserves256 Cr272 Cr280 Cr483 Cr508 Cr
Borrowings275 Cr281 Cr271 Cr172 Cr148 Cr
Other liabilities70 Cr52 Cr60 Cr59 Cr66 Cr
Total liabilities620 Cr623 Cr648 Cr762 Cr770 Cr
Fixed assets (net)190 Cr200 Cr197 Cr207 Cr202 Cr
CWIP20 Cr8 Cr5 Cr9 Cr29 Cr
Investments1 Cr0.09 Cr0.15 Cr0.17 Cr0.25 Cr
Loans & advances———58 Cr54 Cr
Inventories163 Cr163 Cr165 Cr173 Cr179 Cr
Trade receivables72 Cr74 Cr104 Cr108 Cr120 Cr
Cash & bank2 Cr2 Cr14 Cr60 Cr73 Cr
Other assets172 Cr175 Cr163 Cr147 Cr112 Cr
Total assets620 Cr623 Cr648 Cr762 Cr770 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity10 Cr30 Cr41 Cr58 Cr30 Cr
Cash from investing-26 Cr-8 Cr-3 Cr-81 Cr25 Cr
Cash from financing16 Cr-22 Cr-26 Cr68 Cr-41 Cr
Net cash flow0.42 Cr-0.19 Cr12 Cr46 Cr14 Cr
Free cash flow (OCF − Capex)-15 Cr21 Cr38 Cr31 Cr0.15 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.8%8.7%8.9%7.1%7.4%
ROE %5.0%5.3%4.9%4.4%4.4%
Debtor days747310210199
Inventory days281271275264248
Days payable8152595043
Cash conversion cycle275293318316303
OCF / EBITDA %19.3%52.3%65.7%99.9%51.1%
OCF / EBITDA % (3 years)——47.2%72.6%72.1%
Debt / equity1.000.970.850.320.27
Current ratio1.431.431.502.792.93
Net debt / EBITDA5.294.844.151.931.29