Is Indo Farm Equipments a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indo Farm Equipments Ltd is a average quality company .

Is Indo Farm Equipments undervalued or overvalued?

The key valuation ratios of Indo Farm Equipments Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Indo Farm Equipments share price return in the past 10 years?

Data is not available for this company

Is Indo Farm Equipments a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indo Farm Equipments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Indo Farm Equipments?

The latest standalone P/E ratio of Indo Farm Equipments as of 29-Apr-2025 is 53.37.

What is the P/B ratio of Indo Farm Equipments?

The latest standalone P/B ratio of Indo Farm Equipments as of 29-Apr-2025 is 1.22.

Indo Farm Equipments Ltd - Stock Valuation and Financial Performance

Name: Indo Farm Equipments
Brand: Indo Farm Equipments

BSE: 544328 | NSE: INDOFARM | Automobiles-Tractors | Small Cap

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Indo Farm Equipment Share Price

₹150.45 -1.55 -1.02%
as on 29-Apr'25 16:59

10 Year X-Ray of Indo Farm Equipment:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	11.8%	6%	8.5%	8.3%	8%	5.6%	5.5%	6.3%	7.7%	8.4%	-
Value Creation Index ⓘ	-0.2	-0.6	-0.4	-0.4	-0.4	-0.6	-0.6	-0.6	-0.5	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	307	195	244	261	303	232	252	331	347	352	352
Sales YoY Gr.	-	-36.6%	25.2%	6.9%	16.2%	-23.5%	8.6%	31.4%	4.8%	1.7%	-
Adj EPS ⓘ	3.1	0.2	1.8	1.6	2.6	1	1.5	2.4	3.1	3.6	2.8
YoY Gr.	-	-94.6%	935.3%	-7.4%	60.1%	-63.6%	53.7%	67.1%	28.7%	15.6%	-
BVPS (₹) ⓘ	44.8	43.3	45.2	46	48.6	66.9	68.4	70.8	73.9	77.5	123.2
Adj Net Profit ⓘ	11.4	0.6	6.4	5.9	9.8	3.6	5.5	9.2	11.8	13.6	14
Cash Flow from Ops. ⓘ	16.5	14	28.9	19.6	-15.1	37	7.3	25.1	31.7	21	-
Debt/CF from Ops. ⓘ	5.7	7.7	3.5	5.8	-9.5	3.7	22	7	5.4	8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	1.5%	3.1%	11.9%	1.7%
Adj EPS ⓘ	1.7%	6.8%	35.5%	15.6%
BVPSⓘ	6.3%	9.8%	4.2%	4.9%
Share Price	-	-	-	-

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	7.2	0.4	4	3.5	5.5	1.6	2.2	3.5	4.3	4.7	2.8
Op. Profit Mgn % ⓘ	11	11	12.1	11.6	10.5	11.3	11.8	10.9	12.1	13.6	10.6
Net Profit Mgn % ⓘ	3.7	0.3	2.6	2.3	3.2	1.5	2.2	2.8	3.4	3.9	3.8
Debt to Equity ⓘ	0.6	0.7	0.6	0.7	0.8	0.6	0.6	0.7	0.6	0.6	-
Working Cap Days ⓘ	263	414	326	317	302	378	329	279	276	284	170
Cash Conv. Cycle ⓘ	205	335	261	235	216	284	247	201	199	221	64

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.87%

Net Profit is growing at healthy rate in last 3 years 35.47%

Debt to equity has declined versus last 3 years average to 0.57

Return on Equity has declined versus last 3 years average to 2.80%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Indo Farm Equipments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.8	3.3
TTM Sales (₹ Cr.)	352	375
BVPS (₹.) ⓘ	123.2	126.5
Reserves (₹ Cr.) ⓘ	544	560
P/BV ⓘ	1.22	1.19
PE ⓘ	53.37	46.36

From the Market
52 Week Low / High (₹)	132.60 / 292.30
All Time Low / High (₹)	132.60 / 292.30
Market Cap (₹ Cr.)	723
Equity (₹ Cr.)	48.1
Face Value (₹)	10
Industry PE ⓘ	32.5

Management X-Ray of Indo Farm Equipment:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Indo Farm Equipment

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of Indo Farm Equipment

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	307	195	244	261	303	232	252	331	347	352
Operating Expenses ⓘ	274	173	214	230	271	206	222	295	305	305
Manufacturing Costs	8	5	7	7	6	5	7	9	9	9
Material Costs	207	122	144	154	181	136	148	200	226	221
Employee Cost	24	26	25	31	34	27	23	29	31	35
Other Costs ⓘ	35	20	37	39	51	37	43	57	39	40
Operating Profit ⓘ	34	21	30	30	31	26	30	36	42	48
Operating Profit Margin (%)	11.0%	11.0%	12.1%	11.6%	10.4%	11.2%	11.8%	10.8%	12.1%	13.6%
Other Income ⓘ	2	1	1	1	2	2	1	0	1	1
Interest ⓘ	13	14	13	13	13	14	14	14	16	17
Depreciation ⓘ	6	7	8	8	9	8	8	9	9	10
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	16	2	9	10	11	6	8	13	18	21
Tax ⓘ	5	1	2	4	1	3	2	4	6	8
Profit After Tax	11	1	7	6	10	4	6	9	12	14
PAT Margin (%)	3.7%	0.4%	2.7%	2.3%	3.2%	1.5%	2.3%	2.7%	3.5%	3.8%
Adjusted EPS (₹)	3.1	0.2	1.8	1.7	2.6	1.0	1.5	2.4	3.2	3.6
Dividend Payout Ratio (%)	8%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	163	157	164	170	186	251	257	266	277	291
Share Capital ⓘ	9	9	9	9	9	9	9	19	19	38
Reserves ⓘ	154	148	155	161	176	242	248	247	259	253
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	90	103	95	109	138	133	145	163	159	154
Long Term Debt	8	11	8	9	19	15	41	49	41	22
Short Term Debt	82	92	88	100	119	118	105	113	118	132
Trade Payables	27	15	25	33	27	28	34	47	34	35
Others Liabilities ⓘ	22	22	21	22	21	9	21	23	27	47
Total Liabilities ⓘ	301	298	306	334	372	421	458	498	497	527
Fixed Assets
Gross Block	105	120	129	138	143	234	253	272	293	296
Accumulated Depreciation	33	40	47	54	63	63	70	78	87	95
Net Fixed Assetsⓘ	71	80	82	84	80	171	183	194	206	201
CWIP ⓘ	0	0	0	3	4	18	14	20	8	5
Investmentsⓘ	0	0	0	8	14	17	17	18	20	20
Inventories	112	111	117	130	129	129	141	163	163	165
Trade Receivables	96	86	83	71	97	68	73	72	74	104
Cash Equivalents	3	2	3	4	2	2	3	3	2	13
Others Assetsⓘ	19	18	21	34	45	16	27	29	23	18
Total Assets ⓘ	301	298	306	334	372	421	458	498	497	527

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	17	14	29	20	-15	37	7	25	32	21
PBT ⓘ	16	2	9	10	11	6	8	13	18	21
Adjustment ⓘ	16	13	19	20	20	20	22	25	25	27
Changes in Working Capital ⓘ	-11	2	2	-6	-43	12	-22	-11	-7	-24
Tax Paid ⓘ	-4	-3	-1	-3	-3	-1	-1	-1	-4	-3
Cash Flow From Investing Activity ⓘ	-9	-14	-9	-21	-10	-18	-16	-26	-11	-2
Capex	-11	-15	-10	-14	-6	-16	-16	-25	-9	-3
Net Investments	0	0	0	-8	-6	-3	0	0	-2	0
Others ⓘ	2	1	1	0	2	1	0	-1	1	1
Cash Flow From Financing Activityⓘ	-8	0	-19	2	24	-20	9	1	-21	-8
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	11
Net Proceeds from Borrowing ⓘ	0	4	0	2	10	-5	36	7	-13	-17
Interest Paid ⓘ	-12	-13	-11	-12	-12	-14	-14	-14	-16	-17
Dividend Paid ⓘ	0	-1	0	0	0	0	0	0	0	0
Others ⓘ	4	10	-8	12	26	-1	-13	8	8	16
Net Cash Flow ⓘ	0	-1	0	1	-1	0	0	0	0	11

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.2	0.54	4.1	3.62	5.59	1.64	2.24	3.41	4.48	4.77
ROCE (%)	11.78	5.98	8.49	8.27	7.97	5.57	5.52	6.32	7.72	8.41
Asset Turnover Ratio	1.05	0.65	0.81	0.81	0.86	0.58	0.57	0.69	0.7	0.69
PAT to CFO Conversion(x)	1.55	14	4.14	3.33	-1.5	9.25	1.17	2.78	2.67	1.5
Working Capital Days
Receivable Days	107	171	127	108	101	130	102	80	77	93
Inventory Days	131	208	170	173	156	203	195	168	172	170
Payable Days	45	62	51	70	61	74	76	74	65	57

Indo Farm Equipments Ltd Stock News

Indo Farm Equipments Ltd FAQs

What is the share price of Indo Farm Equipment?

Company share prices are keep on changing according to the market conditions. The closing price of Indo Farm Equipment on 29-Apr-2025 16:59 is ₹150.4.

What is the market cap of Indo Farm Equipment?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Apr-2025 16:59 the market cap of Indo Farm Equipment stood at ₹722.9.

What is the P/E ratio of Indo Farm Equipment?

The latest P/E ratio of Indo Farm Equipment as of 29-Apr-2025 16:59 is 53.37.

What is the P/B ratio of Indo Farm Equipment?

The latest P/B ratio of Indo Farm Equipment as of 29-Apr-2025 16:59 is 1.22.

What is the 52-week high and low of Indo Farm Equipment?

The 52-week high of Indo Farm Equipment is ₹292.3 and the 52-week low is ₹132.6.

What is the TTM revenue of Indo Farm Equipment?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indo Farm Equipment is ₹352.5 ( Cr.) .

About Indo Farm Equipments Ltd

Indo Farm Equipment Limited was originally incorporated as ‘Welcut Tools Private Limited’ on October 05, 1994 at Chandigarh as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P. & Chandigarh. Subsequently, the name of the company was changed to ‘Welcut Industries Private Limited’ vide special resolution passed by the shareholders of the company in their meeting held on January 11, 1995 and a fresh Certificate of Incorporation consequent to the change of name was granted to the company on February 21, 1995, by the Registrar of Companies, Punjab, H.P. & Chandigarh. Further, the company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of the company in their meeting held on June 29, 1999 and the name of the company was changed to ‘Indo Farm Equipment Limited’ and a Fresh Certificate of Incorporation consequent upon conversion of company to Public Limited dated July 05, 1999 was issued by Registrar of Companies, Punjab, H.P. & Chandigarh.

Further, the name of the company was changed to ‘Indo Farm Tractors & Motors Limited’ vide special resolution passed by the shareholders of the company in their meeting dated October 28, 2003 and as fresh Certificate of Incorporation was issued on October 30, 2003 by Registrar of Companies, Punjab, H.P. & Chandigarh. Thereafter, the name of the company was changed to ‘Indo Farm Industries Limited’ vide special resolution passed by the shareholders of the company in their meeting dated December 03, 2007 and a fresh Certificate of Incorporation was issued dated December 18, 2007 by Assistant Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the name of the company was changed to ‘Indo Farm Equipment Limited’ vide special resolution passed by the shareholders of the company in their meeting dated October 24, 2009 and a fresh Certificate of Incorporation was issued on November 04, 2009 by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.

Indo Farm Equipment is a fully integrated established manufacturer of Tractors and Pick & Carry Cranes. It also deals in other farm equipment such as Harvester Combines, Rotavators and other related spares & components, which do not materially contribute to total revenue of the company. Its products are being exported to various countries. Its ISO 9001:2015 certified manufacturing facilities of Industrial lands at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors, pick & Carry Cranes and other equipments.

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 & Utility room. Its integrated operations enable it to manufacture some of the critical machine components in-house which reduces its dependence on third parties, streamlines its production process and improves its operational efficiencies. In addition, it also enables it to maintain control over the entire manufacturing process and also provide better delivery timelines to its customers at a more competitive cost.

Business area of the company

The company is engaged in the activity of manufacturing tractors, pick & carry cranes and other farm equipments.

Products of the company

Tractors
Pick & carry cranes
Other farm equipments

Awards, accreditations and recognitions

2003: Ranbir Singh Khadwalia has been awarded “Bharti Entrepreneur of the year award by Bharti Centre Entrepreneurial Initiatives (BCEI).
2005: Ranbir Singh Khadwalia being awarded ‘Udyog Ratna Award 2005’ presented by Shri Virbhadra Singh Hon’ble Chief Minister of Himachal Pradesh.
2012: It achieved the great Indian Tractor Journey from Baddi to Kanyakumari covering 28 cities and around 7000 kms.
2012: Indofarm tractor creates longest Himalayan expedition on tractor, covering 3623; kms in 14 days started from Baddi Solan, Himachal Pradesh at 7.30 pm on 23 May 2012 and returned at 11 am on 6 June 2012 having crossed 12 Himalayan passes including Khardungla pass (18380 ft).
2013: Recognised as Emerging brand in Agriculture Sector Award 2013 by ABP News.
2015: Anshul Khadwalia being awarded ‘CZARS of North -2015’ by Hon’ble Deputy Chief Minister of Punjab.
2016: Anshul Khadwalia being awarded ‘Zee Excellence Awards 2016 Excellence in Business’ by Hon’ble Governor of Himachal Pradesh.
2016: Anshul Khadwalia being as Awarded ‘Young Achiever Award 2016’ by Hon’ble Chief Minister of Punjab.
2017: Recognised as 50 most Influential Rural Marketing Professionals of India by World Brand Congress Asia.

History and milestones

2000: Commencement of tractor production in Baddi, Himachal Pradesh with technical collaboration from Ursus, Poland.
2001: Launched Indo farm’s first tractor model 2050 DI.
2005: Launched 3-series tractor range 3065DI, 3050DI, 3040DI and 3035DI.
2006: Began exporting engine parts to Ursus, Poland.
2007: Commenced production of its own Foundry division.
2008: Exported generator engines to UK company, Lister Pitter. Accredited with an ISO 9001:2008 certified Company.
2009: Commencement of production of Indo Power Green Gensets.
2010: Started Production of harvester combines and also launched 75HP and 90 HP tractors.
2011: Initiated production of new generation crane model 16FN.
2014: Launched Indo Power Pick and Carry cranes with the capacity of 18 tons and 23 tons.
2015: Initiated production of 26 HP 4x4 orchard tractors.
2017: Launched its own subsidiary, Barota Finance Limited NBFC, for providing hassle-free and quick finance to its esteemed customers.
2019: Launched Indo power 30 FN crane.
2020: Launch of Indo farm 20HP and 100HP tractor.
2021: Launched 1026e tractor model for European market.
2022: Launch of Indo 3055 DI HT and 3060.DI HT tractor.
2023: Launch of Indo farm 3055 NV PLUS, 3065DI, 3075DI IN BS-IV and Indo Power pick and carry cranes of FN series (15, 18, 20, 23 and 30 tonne capacity in 2-wheel drive and 4-wheel drive variants) in BS-IV.