Indo Farm Equipment
- Market cap
- ₹ 551 Cr.
- P/E
- 23x
- P/B
- 1.04x
- 52-week range
- 110.7 – 244.9
- ROE
- 5%
- ROCE
- 7%
- Dividend yield
- 0%
- Debt / equity
- 0.27
- Sector
- Agricultural, Commercial & Construction Vehicles
- Industry
- Construction Vehicles
- Listed on
- NSE, BSE
About
Indo Farm Equipment Ltd is an India-based integrated manufacturer of tractors and pick and carry cranes. The Company also deals in other farm equipment, such as harvester combines, rotavators and other related spares and components. The Company manufactures these cranes from nine tons to 30 tons in capacity, available in two-wheel drive and four-wheel drive variants. The Company’s facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, sand plant, fully equipped metallurgy and sand testing laboratory, machining center, gear shop, press shop, fabrication shop, paint shop, assembly unit, quality room and utility room. It offers customers a pick-and-carry mobile crane that epitomizes safety, quality, and operator productivity. It has a presence in multiple countries, such as Afghanistan, Algeria, Bangladesh, Belgium, Bhutan, Brazil, Chilli, Ethiopia, Gabon, Germany, Ghana, Hungary, Italy, Jordan, Kenya, Kuwait, Mauritius, and Myanmar.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Construction Vehicles: 6 companies →Indo Farm Equipment against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23 against a typical 27.7: cheaper than most peers (1st = cheapest).1st of 6
- Sales growth+14.5% against a typical +17.5% from a year earlier.4th of 6
- Profit growth+4.2% against a typical +4.9% from a year earlier.3rd of 4
- Share price, 3 months−23.6% against a typical −13.6%.5th of 6
- Size₹ 551.3 Cr. market value against a typical ₹ 3,978.3 Cr. (1st = largest).5th of 6
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Adequate safety
Rated A by Infomerics- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR A | Stable | 18 Sep 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 18 Sep 2026 | ▲ Upgrade1 notch | IVR A- → IVR A | — | Infomerics | ₹ 103.7 Cr. | |
| 8 Aug 2025 | Reaffirmed | IVR A- | — | Infomerics | ₹ 104.34 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 8 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 21 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 3 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 12 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 12 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
| 28 May 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 75 | 86 | 96 | 130 | 96 | 104 | 106 | 134 | 110 |
| Expenses | 63 | 73 | 81 | 112 | 83 | 91 | 92 | 115 | 96 |
| Operating Profit | 12 | 13 | 15 | 18 | 13 | 13 | 14 | 19 | 14 |
| OPM % | 16.1% | 15% | 15.4% | 14.2% | 13.7% | 12.3% | 12.8% | 13.9% | 13.1% |
| Other Income | 1 | 0 | 0 | 2 | 2 | 2 | 2 | 1 | 1 |
| Interest | 6 | 6 | 7 | 5 | 4 | 4 | 4 | 4 | 4 |
| Depreciation | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| Profit before tax | 4 | 5 | 6 | 12 | 8 | 7 | 8 | 12 | 8 |
| Tax % | 34.4% | 25.9% | 30.1% | −13.8% | 27.7% | 30.4% | 29.3% | 29.5% | 27.8% |
| Net Profit | 2 | 4 | 4 | 14 | 5 | 5 | 6 | 9 | 6 |
| EPS in Rs | 0.62 | 0.91 | 1.01 | 2.81 | 1.13 | 1.04 | 1.16 | 1.81 | 1.18 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- 13%
- 3 Years
- 7%
- TTM
- 11%
- 10 Years
- —
- 5 Years
- 23%
- 3 Years
- 15%
- TTM
- −6%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
- 10 Years
- —
- 5 Years
- 5%
- 3 Years
- 5%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Indo Farm Equipment | ₹ 118.50 | ₹ 551 Cr. | 23x | 1x | 5% | — |
| Escorts Kubota | ₹ 2,626.00 | ₹ 29,420 Cr. | 24x | 2.6x | 12% | 11.8% |
| Action Construction Equipment | ₹ 1,000.15 | ₹ 11,954 Cr. | 27.8x | 5.8x | 22.9% | 12.7% |
| ESAB India | ₹ 5,289.90 | ₹ 8,143 Cr. | 44.5x | 20.3x | 52.3% | 13.7% |
| AJAX Engineering | ₹ 552.60 | ₹ 6,324 Cr. | 30.1x | 4.9x | 17.7% | 10.7% |
| Texmaco Rail & Engineering | ₹ 99.20 | ₹ 4,034 Cr. | 23.6x | 2x | 7.6% | 3.9% |
Management
- Ranbir Singh Khadwalia
- Executive Chairman of the Board, Managing Director
- Varun Sharma
- Chief Financial Officer
- Navpreet Kaur
- Compliance Officer, Company Secretary
- Anshul Khadwalia
- Whole Time Director
- Amit Kumar
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.