Indo Farm Equipments Ltd.

•

₹ 141.762.68%

2026-08-21

indofarm.inBSE: 544328NSE: INDOFARM

Market Cap₹ 663 Cr.

Current Price₹ 142

High / Low₹ 272 / 111

Stock P/E0.0

Book Value₹ 113

Price to Book1.44

Dividend Yield0.00 %

ROCE7.3 %

ROE5.6 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Crane: 61.4% • Tractors: 38.4% • Others: 0.2%

PROS

Company has delivered good profit growth of 44.8% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.63x)
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position
Attractively priced for its growth - PEG of 0.9

CONS

Recent results are weak - TTM profit is down 37.9% versus prior year
Company has a low return on equity of 5.0% over last 3 years
Company has a low return on capital employed of 7.8%
Equity base is being diluted - shares outstanding up 155.9%
Working capital days have increased from 103 to 238 days

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsAutomobile & AncillariesAutomobiles-Tractors

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ESCORTS	3088.40	24.99	34552.33	1.65	385.93	-97.24	3207.55	28.30	16.08	11.05
2.	VSTTILLERS	4431.70	35.20	3834.64	0.56	48.43	9.52	313.40	10.96	12.74	12.76
3.	INDOFARM	138.05	26.62	663.35	0.00	56.57	941.04	1102.43	1045.25	7.76	13.12

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70	81	91	125	91	99	101	129	105
	61	71	79	109	81	88	90	112	99
Operating Profit	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—
Other Income	1	0	0	2	1	2	1	1	1
Interest	4	4	4	3	2	3	3	3	2
Depreciation	3	2	3	3	3	3	3	3	4
	3	5	5	12	6	6	7	12	7
Tax %	34.42%	27.00%	30.48%	-14.97%	28.33%	31.16%	29.74%	29.80%	28.36%
Net Profit	2	3	4	13	5	4	5	8	5
	1	1	1	3	1	1	1	2	0
Equity Capital	39	39	39	48	48	48	48	48	48
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	39	39	39	48	48	48	48	48	48
Reserves	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2024

: 70
: 61
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 3
: 3
Tax %: 34.42%
Net Profit: 2
: 1
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 81
: 71
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 2
: 5
Tax %: 27.00%
Net Profit: 3
: 1
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 91
: 79
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 3
: 5
Tax %: 30.48%
Net Profit: 4
: 1
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 39
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 125
: 109
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 3
: 12
Tax %: -14.97%
Net Profit: 13
: 3
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 91
: 81
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 3
: 6
Tax %: 28.33%
Net Profit: 5
: 1
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 99
: 88
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 3
Depreciation: 3
: 6
Tax %: 31.16%
Net Profit: 4
: 1
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 101
: 90
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 3
: 7
Tax %: 29.74%
Net Profit: 5
: 1
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 129
: 112
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 3
Depreciation: 3
: 12
Tax %: 29.80%
Net Profit: 8
: 2
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 105
: 99
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 4
: 7
Tax %: 28.36%
Net Profit: 5
: 0
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 48
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	195	244	261	303	232	252	331	347	352	367	433
	173	214	230	271	206	222	295	305	305	320	389
Operating Profit	22	30	31	34	28	30	36	43	49	50	—
OPM %	11	12	12	11	12	12	11	12	14	14	—
Other Income	1	1	1	2	2	1	0	1	1	3	5
Interest	14	13	13	13	14	14	14	16	17	14	10
Depreciation	7	8	8	9	8	8	9	9	10	11	13
	2	9	10	11	6	8	13	18	21	25	32
Tax %	49	27	38	10	42	30	30	33	37	9	30
Net Profit	1	7	6	10	4	6	9	12	14	23	22
EPS	0	0	0	0	4	6	8	3	4	5	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	2	2	3	1	2	2	3	4	5	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	2	2	3	1	2	2	3	4	5	—

Mar 2016

: 195
: 173
Operating Profit: 22
OPM %: 11
Other Income: 1
Interest: 14
Depreciation: 7
: 2
Tax %: 49
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 244
: 214
Operating Profit: 30
OPM %: 12
Other Income: 1
Interest: 13
Depreciation: 8
: 9
Tax %: 27
Net Profit: 7
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2018

: 261
: 230
Operating Profit: 31
OPM %: 12
Other Income: 1
Interest: 13
Depreciation: 8
: 10
Tax %: 38
Net Profit: 6
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2019

: 303
: 271
Operating Profit: 34
OPM %: 11
Other Income: 2
Interest: 13
Depreciation: 9
: 11
Tax %: 10
Net Profit: 10
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2020

: 232
: 206
Operating Profit: 28
OPM %: 12
Other Income: 2
Interest: 14
Depreciation: 8
: 6
Tax %: 42
Net Profit: 4
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2021

: 252
: 222
Operating Profit: 30
OPM %: 12
Other Income: 1
Interest: 14
Depreciation: 8
: 8
Tax %: 30
Net Profit: 6
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2022

: 331
: 295
Operating Profit: 36
OPM %: 11
Other Income: 0
Interest: 14
Depreciation: 9
: 13
Tax %: 30
Net Profit: 9
EPS: 8
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 347
: 305
Operating Profit: 43
OPM %: 12
Other Income: 1
Interest: 16
Depreciation: 9
: 18
Tax %: 33
Net Profit: 12
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2024

: 352
: 305
Operating Profit: 49
OPM %: 14
Other Income: 1
Interest: 17
Depreciation: 10
: 21
Tax %: 37
Net Profit: 14
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2025

: 367
: 320
Operating Profit: 50
OPM %: 14
Other Income: 3
Interest: 14
Depreciation: 11
: 25
Tax %: 9
Net Profit: 23
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

TTM

: 433
: 389
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 10
Depreciation: 13
: 32
Tax %: 30
Net Profit: 22
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 2%
5 Years:: 10%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 7%
5 Years:: 45%
3 Years:: 36%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -40%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 4%
3 Years:: 5%
Last Year:: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	9	9	9	9	9	9	19	19	38	48
	148	155	161	176	242	248	247	259	253	467
	92	88	100	119	133	105	113	118	132	71
Trade Payables	15	25	33	27	28	34	47	34	35	32
	33	28	31	40	9	62	72	68	66	43
Total Liabilities	298	306	334	372	421	458	498	497	524	662
ASSETS	-	-	-	-	-	-	-	-	-	-
	80	82	84	80	171	183	194	206	201	213
Capital Work in Progress	0	0	3	4	18	14	20	8	5	9
	0	0	8	14	17	17	18	20	20	65
	111	117	130	129	129	141	163	163	165	173
	0	0	0	0	0	0	0	0	104	108
Cash & Bank	2	3	4	2	2	3	3	2	13	73
	105	104	105	142	84	100	101	98	15	21
Total Assets	298	306	334	372	421	458	498	497	524	662
Total Debt	107	100	115	143	137	160	175	170	167	95
Net Working Capital	95	96	87	87	50	76	77	78	99	239
Contingent Liabilities	18	0	20	13	89	95	129	213	213	182
Book Value per Share	173.06	180.86	184.04	194.38	267.63	273.68	141.59	147.77	77.49	107.27
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	107	100	115	143	137	160	175	170	167	95
Net Working Capital	95	96	87	87	50	76	77	78	99	239
Contingent Liabilities	18	0	20	13	89	95	129	213	213	182
Book Value per Share	173.06	180.86	184.04	194.38	267.63	273.68	141.59	147.77	77.49	107.27
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 9
: 148
: 92
Trade Payables: 15
: 33
Total Liabilities: 298
: 80
Capital Work in Progress: 0
: 0
: 111
: 0
Cash & Bank: 2
: 105
Total Assets: 298
Total Debt: 107
Net Working Capital: 95
Contingent Liabilities: 18
Book Value per Share: 173.06
Face Value: 10.00
Total Debt: 107
Net Working Capital: 95
Contingent Liabilities: 18
Book Value per Share: 173.06
Face Value: 10.00

Mar 2017

Equity Capital: 9
: 155
: 88
Trade Payables: 25
: 28
Total Liabilities: 306
: 82
Capital Work in Progress: 0
: 0
: 117
: 0
Cash & Bank: 3
: 104
Total Assets: 306
Total Debt: 100
Net Working Capital: 96
Contingent Liabilities: 0
Book Value per Share: 180.86
Face Value: 10.00
Total Debt: 100
Net Working Capital: 96
Contingent Liabilities: 0
Book Value per Share: 180.86
Face Value: 10.00

Mar 2018

Equity Capital: 9
: 161
: 100
Trade Payables: 33
: 31
Total Liabilities: 334
: 84
Capital Work in Progress: 3
: 8
: 130
: 0
Cash & Bank: 4
: 105
Total Assets: 334
Total Debt: 115
Net Working Capital: 87
Contingent Liabilities: 20
Book Value per Share: 184.04
Face Value: 10.00
Total Debt: 115
Net Working Capital: 87
Contingent Liabilities: 20
Book Value per Share: 184.04
Face Value: 10.00

Mar 2019

Equity Capital: 9
: 176
: 119
Trade Payables: 27
: 40
Total Liabilities: 372
: 80
Capital Work in Progress: 4
: 14
: 129
: 0
Cash & Bank: 2
: 142
Total Assets: 372
Total Debt: 143
Net Working Capital: 87
Contingent Liabilities: 13
Book Value per Share: 194.38
Face Value: 10.00
Total Debt: 143
Net Working Capital: 87
Contingent Liabilities: 13
Book Value per Share: 194.38
Face Value: 10.00

Mar 2020

Equity Capital: 9
: 242
: 133
Trade Payables: 28
: 9
Total Liabilities: 421
: 171
Capital Work in Progress: 18
: 17
: 129
: 0
Cash & Bank: 2
: 84
Total Assets: 421
Total Debt: 137
Net Working Capital: 50
Contingent Liabilities: 89
Book Value per Share: 267.63
Face Value: 10.00
Total Debt: 137
Net Working Capital: 50
Contingent Liabilities: 89
Book Value per Share: 267.63
Face Value: 10.00

Mar 2021

Equity Capital: 9
: 248
: 105
Trade Payables: 34
: 62
Total Liabilities: 458
: 183
Capital Work in Progress: 14
: 17
: 141
: 0
Cash & Bank: 3
: 100
Total Assets: 458
Total Debt: 160
Net Working Capital: 76
Contingent Liabilities: 95
Book Value per Share: 273.68
Face Value: 10.00
Total Debt: 160
Net Working Capital: 76
Contingent Liabilities: 95
Book Value per Share: 273.68
Face Value: 10.00

Mar 2022

Equity Capital: 19
: 247
: 113
Trade Payables: 47
: 72
Total Liabilities: 498
: 194
Capital Work in Progress: 20
: 18
: 163
: 0
Cash & Bank: 3
: 101
Total Assets: 498
Total Debt: 175
Net Working Capital: 77
Contingent Liabilities: 129
Book Value per Share: 141.59
Face Value: 10.00
Total Debt: 175
Net Working Capital: 77
Contingent Liabilities: 129
Book Value per Share: 141.59
Face Value: 10.00

Mar 2023

Equity Capital: 19
: 259
: 118
Trade Payables: 34
: 68
Total Liabilities: 497
: 206
Capital Work in Progress: 8
: 20
: 163
: 0
Cash & Bank: 2
: 98
Total Assets: 497
Total Debt: 170
Net Working Capital: 78
Contingent Liabilities: 213
Book Value per Share: 147.77
Face Value: 10.00
Total Debt: 170
Net Working Capital: 78
Contingent Liabilities: 213
Book Value per Share: 147.77
Face Value: 10.00

Mar 2024

Equity Capital: 38
: 253
: 132
Trade Payables: 35
: 66
Total Liabilities: 524
: 201
Capital Work in Progress: 5
: 20
: 165
: 104
Cash & Bank: 13
: 15
Total Assets: 524
Total Debt: 167
Net Working Capital: 99
Contingent Liabilities: 213
Book Value per Share: 77.49
Face Value: 10.00
Total Debt: 167
Net Working Capital: 99
Contingent Liabilities: 213
Book Value per Share: 77.49
Face Value: 10.00

Mar 2025

Equity Capital: 48
: 467
: 71
Trade Payables: 32
: 43
Total Liabilities: 662
: 213
Capital Work in Progress: 9
: 65
: 173
: 108
Cash & Bank: 73
: 21
Total Assets: 662
Total Debt: 95
Net Working Capital: 239
Contingent Liabilities: 182
Book Value per Share: 107.27
Face Value: 10.00
Total Debt: 95
Net Working Capital: 239
Contingent Liabilities: 182
Book Value per Share: 107.27
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	14	29	20	-15	37	7	25	32	21	26
Cash from Investing	-14	-9	-21	-10	-18	-16	-26	-11	-2	-96
Cash from Financing	-0	-19	2	24	-20	9	1	-21	-8	104
	-1	0	1	-1	-0	0	-0	-0	11	34
Free Cash Flow	-1	19	7	-20	-68	-8	1	22	21	-1
OCF / Net Profit	16.32	4.40	3.28	-1.54	10.41	1.28	2.82	2.60	1.55	1.14
Cumulative 5-Year FCF	0	0	0	0	-63	-70	-88	-73	-32	35
OCF / Net Profit	16.32	4.40	3.28	-1.54	10.41	1.28	2.82	2.60	1.55	1.14
Cumulative 5-Year FCF	0	0	0	0	-63	-70	-88	-73	-32	35

Mar 2016

: 14
Cash from Investing: -14
Cash from Financing: -0
: -1
Free Cash Flow: -1
OCF / Net Profit: 16.32
Cumulative 5-Year FCF: 0
OCF / Net Profit: 16.32
Cumulative 5-Year FCF: 0

Mar 2017

: 29
Cash from Investing: -9
Cash from Financing: -19
: 0
Free Cash Flow: 19
OCF / Net Profit: 4.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.40
Cumulative 5-Year FCF: 0

Mar 2018

: 20
Cash from Investing: -21
Cash from Financing: 2
: 1
Free Cash Flow: 7
OCF / Net Profit: 3.28
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.28
Cumulative 5-Year FCF: 0

Mar 2019

: -15
Cash from Investing: -10
Cash from Financing: 24
: -1
Free Cash Flow: -20
OCF / Net Profit: -1.54
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.54
Cumulative 5-Year FCF: 0

Mar 2020

: 37
Cash from Investing: -18
Cash from Financing: -20
: -0
Free Cash Flow: -68
OCF / Net Profit: 10.41
Cumulative 5-Year FCF: -63
OCF / Net Profit: 10.41
Cumulative 5-Year FCF: -63

Mar 2021

: 7
Cash from Investing: -16
Cash from Financing: 9
: 0
Free Cash Flow: -8
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: -70
OCF / Net Profit: 1.28
Cumulative 5-Year FCF: -70

Mar 2022

: 25
Cash from Investing: -26
Cash from Financing: 1
: -0
Free Cash Flow: 1
OCF / Net Profit: 2.82
Cumulative 5-Year FCF: -88
OCF / Net Profit: 2.82
Cumulative 5-Year FCF: -88

Mar 2023

: 32
Cash from Investing: -11
Cash from Financing: -21
: -0
Free Cash Flow: 22
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: -73
OCF / Net Profit: 2.60
Cumulative 5-Year FCF: -73

Mar 2024

: 21
Cash from Investing: -2
Cash from Financing: -8
: 11
Free Cash Flow: 21
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: -32
OCF / Net Profit: 1.55
Cumulative 5-Year FCF: -32

Mar 2025

: 26
Cash from Investing: -96
Cash from Financing: 104
: 34
Free Cash Flow: -1
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 35
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 35

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	0.95	7.25	6.60	10.39	3.78	6.05	4.75	6.48	3.61	4.71
Book Value (₹)	173.06	180.86	184.04	194.38	267.63	273.68	141.59	147.77	77.49	107.27
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.10	3.98	3.94	5.11	3.06	3.61	4.74	5.57	6.34	6.95
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	11.47%	12.42%	11.83%	11.10%	12.00%	11.97%	10.87%	12.43%	13.56%	12.84%
Net Margin %	0.44%	2.70%	2.30%	3.22%	1.53%	2.26%	2.69%	3.51%	3.84%	6.17%
ROE %	0.54%	4.10%	3.62%	5.59%	1.64%	2.24%	3.41%	4.48%	4.77%	5.61%
ROCE %	5.98%	8.49%	8.27%	7.97%	5.57%	5.52%	6.32%	7.72%	8.41%	7.27%
	0.29%	2.18%	1.87%	2.76%	0.90%	1.29%	1.87%	2.45%	2.65%	3.82%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	171	127	108	101	130	102	80	77	93	106
Inventory Days	208	170	173	156	203	195	168	172	170	168
Payable Days	62	51	70	61	74	76	74	65	57	55
	317	246	211	197	259	221	174	184	205	219
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.68x	0.61x	0.69x	0.78x	0.55x	0.62x	0.66x	0.61x	0.57x	0.18x
Interest Coverage (x)	1.12x	1.67x	1.74x	1.80x	1.45x	1.58x	1.88x	2.11x	2.25x	2.74x
	1.78x	1.75x	1.61x	1.55x	1.32x	1.47x	1.43x	1.44x	1.52x	2.89x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-36.63%	25.19%	6.86%	16.17%	-23.45%	8.62%	31.42%	4.76%	1.69%	4.06%
Operating Profit Growth %	-37.66%	35.59%	1.75%	9.06%	-17.29%	8.37%	19.39%	19.72%	13.32%	2.45%
Net Profit Growth %	-92.46%	666.21%	-9.00%	63.04%	-63.61%	59.95%	57.00%	36.45%	11.33%	66.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-44.34%	30.48%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	32.86x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.44x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	3.93x	15.31x

Mar 2016

EPS (₹): 0.95
Book Value (₹): 173.06
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.10
Operating Margin %: 11.47%
Net Margin %: 0.44%
ROE %: 0.54%
ROCE %: 5.98%
: 0.29%
Debtor Days: 171
Inventory Days: 208
Payable Days: 62
: 317
Debt to Equity (x): 0.68x
Interest Coverage (x): 1.12x
: 1.78x
Revenue Growth %: -36.63%
Operating Profit Growth %: -37.66%
Net Profit Growth %: -92.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 7.25
Book Value (₹): 180.86
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.98
Operating Margin %: 12.42%
Net Margin %: 2.70%
ROE %: 4.10%
ROCE %: 8.49%
: 2.18%
Debtor Days: 127
Inventory Days: 170
Payable Days: 51
: 246
Debt to Equity (x): 0.61x
Interest Coverage (x): 1.67x
: 1.75x
Revenue Growth %: 25.19%
Operating Profit Growth %: 35.59%
Net Profit Growth %: 666.21%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 6.60
Book Value (₹): 184.04
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.94
Operating Margin %: 11.83%
Net Margin %: 2.30%
ROE %: 3.62%
ROCE %: 8.27%
: 1.87%
Debtor Days: 108
Inventory Days: 173
Payable Days: 70
: 211
Debt to Equity (x): 0.69x
Interest Coverage (x): 1.74x
: 1.61x
Revenue Growth %: 6.86%
Operating Profit Growth %: 1.75%
Net Profit Growth %: -9.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 10.39
Book Value (₹): 194.38
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.11
Operating Margin %: 11.10%
Net Margin %: 3.22%
ROE %: 5.59%
ROCE %: 7.97%
: 2.76%
Debtor Days: 101
Inventory Days: 156
Payable Days: 61
: 197
Debt to Equity (x): 0.78x
Interest Coverage (x): 1.80x
: 1.55x
Revenue Growth %: 16.17%
Operating Profit Growth %: 9.06%
Net Profit Growth %: 63.04%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.78
Book Value (₹): 267.63
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.06
Operating Margin %: 12.00%
Net Margin %: 1.53%
ROE %: 1.64%
ROCE %: 5.57%
: 0.90%
Debtor Days: 130
Inventory Days: 203
Payable Days: 74
: 259
Debt to Equity (x): 0.55x
Interest Coverage (x): 1.45x
: 1.32x
Revenue Growth %: -23.45%
Operating Profit Growth %: -17.29%
Net Profit Growth %: -63.61%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 6.05
Book Value (₹): 273.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.61
Operating Margin %: 11.97%
Net Margin %: 2.26%
ROE %: 2.24%
ROCE %: 5.52%
: 1.29%
Debtor Days: 102
Inventory Days: 195
Payable Days: 76
: 221
Debt to Equity (x): 0.62x
Interest Coverage (x): 1.58x
: 1.47x
Revenue Growth %: 8.62%
Operating Profit Growth %: 8.37%
Net Profit Growth %: 59.95%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 4.75
Book Value (₹): 141.59
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.74
Operating Margin %: 10.87%
Net Margin %: 2.69%
ROE %: 3.41%
ROCE %: 6.32%
: 1.87%
Debtor Days: 80
Inventory Days: 168
Payable Days: 74
: 174
Debt to Equity (x): 0.66x
Interest Coverage (x): 1.88x
: 1.43x
Revenue Growth %: 31.42%
Operating Profit Growth %: 19.39%
Net Profit Growth %: 57.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 6.48
Book Value (₹): 147.77
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.57
Operating Margin %: 12.43%
Net Margin %: 3.51%
ROE %: 4.48%
ROCE %: 7.72%
: 2.45%
Debtor Days: 77
Inventory Days: 172
Payable Days: 65
: 184
Debt to Equity (x): 0.61x
Interest Coverage (x): 2.11x
: 1.44x
Revenue Growth %: 4.76%
Operating Profit Growth %: 19.72%
Net Profit Growth %: 36.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 3.61
Book Value (₹): 77.49
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.34
Operating Margin %: 13.56%
Net Margin %: 3.84%
ROE %: 4.77%
ROCE %: 8.41%
: 2.65%
Debtor Days: 93
Inventory Days: 170
Payable Days: 57
: 205
Debt to Equity (x): 0.57x
Interest Coverage (x): 2.25x
: 1.52x
Revenue Growth %: 1.69%
Operating Profit Growth %: 13.32%
Net Profit Growth %: 11.33%
: -44.34%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 3.93x

Mar 2025

EPS (₹): 4.71
Book Value (₹): 107.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.95
Operating Margin %: 12.84%
Net Margin %: 6.17%
ROE %: 5.61%
ROCE %: 7.27%
: 3.82%
Debtor Days: 106
Inventory Days: 168
Payable Days: 55
: 219
Debt to Equity (x): 0.18x
Interest Coverage (x): 2.74x
: 2.89x
Revenue Growth %: 4.06%
Operating Profit Growth %: 2.45%
Net Profit Growth %: 66.97%
: 30.48%
P/E (x): 32.86x
P/B (x): 1.44x
Dividend Yield %: 0.00%
: 15.31x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2021	Mar 2022	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	83.83	83.88	69.44	69.44	69.53	69.81	70.46	70.63
	0.00	0.00	0.82	0.55	0.40	0.01	0.18	0.08
	0.00	0.00	4.19	4.07	4.18	3.77	2.50	1.89
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.17	16.12	25.55	25.94	25.88	26.41	26.86	27.40

Mar 2021

: 83.83
: 0.00
: 0.00
Government: 0.00
: 16.17

Mar 2022

: 83.88
: 0.00
: 0.00
Government: 0.00
: 16.12

Mar 2025

: 69.44
: 0.82
: 4.19
Government: 0.00
: 25.55

Jun 2025

: 69.44
: 0.55
: 4.07
Government: 0.00
: 25.94

Sep 2025

: 69.53
: 0.40
: 4.18
Government: 0.00
: 25.88

Dec 2025

: 69.81
: 0.01
: 3.77
Government: 0.00
: 26.41

Mar 2026

: 70.46
: 0.18
: 2.50
Government: 0.00
: 26.86

Jun 2026

: 70.63
: 0.08
: 1.89
Government: 0.00
: 27.40

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-17 - Indo Farm Equipment Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-12 - Indo Farm Equipment Limited has informed the Exchange about Link of Recording

Annual Reports

Annual Report FY2025
2025

Credit Ratings

Nothing filed yet.

Concalls

Aug 2026
Transcript PPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC