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Companies›Industrials›Capital Goods›Agricultural Commercial & Construction Vehicles
NSE:INDOFARM

INDO FARM EQUIPMENT LTD

Capital Goods › Agricultural Commercial & Construction Vehicles
₹118.25
at close · 27 Oct 2026
▲ 1.74 (+1.49%)

Latest filings

  1. Compliance certificate under SEBI Reg 74(5) for Q2 FY27 · Compliance
  2. Trading window closed from Oct 1 till Q2 results announcement · Compliance
  3. AGM voting results: Both resolutions passed with over 99.99 percent approval · Compliance
All filings ↓
Ask Nexa about INDO FARM EQUIPMENT LTD

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures pick-and-carry cranes (9-30 tons) and tractors (16-110 HP) from a facility at Baddi, with FY26 revenue of ₹440.02 crore split between cranes (49.6% of segment revenue) and tractors (45.8%). The crane segment (₹218.09 crore) covers pick-and-carry models distributed through 25+ dealers and exported to 30+ countries; the tractor segment (₹201.45 crore) sells 16-110 HP tractors through 225+ dealers across India. A captive non-banking finance arm, Barota Finance, adds ₹20.48 crore (4.7% of segment revenue) by lending to buyers of the company's equipment, with an AUM of ₹135+ crore across 5,000+ customers. The business is in the middle of two capacity expansions: a new dedicated pick-and-carry crane plant at Bhud adding 3,600 units of annual capacity (targeting Q2 FY27 start) and entry into tower cranes with a 240-250 unit/year line (also Q2 FY27). Materials are the dominant cost at 59.9% of revenue, followed by employee costs (12.7%) and other operating expenses (15.2%); depreciation is 2.8%. Total assets stood at ₹770.35 crore at FY26 end, with FY26 EBITDA margin at 14.69%.

Revenue mix · reported segments
Cranes49.6%
Tractor45.8%
NBFC4.7%
Others0.0%
Operating scale
Tractor range
16-110 HPFY26
Pick-and-carry crane range
9-30 tonsFY26
Tractor dealers
225+FY26
Crane dealers
25+FY26
Export countries
30+FY26
New crane plant incremental capacity
3,600 units/yearTargeted Q2 FY27
Who pays it
Construction and infrastructure buyers of cranes, farmers and rural buyers of tractors, plus customers of captive NBFC financing (5,000+ borrowers).
Biggest cost
Raw materials at 59.9% of revenue (F_COST_SHAPE).
Kind of business
Cyclical, asset-heavy manufacturer of pick-and-carry cranes and tractors with captive financing.
Where it sits
Chandigarh/Baddi-based maker of pick-and-carry cranes and tractors; management cites an India pick-and-carry crane market of 12,000-14,000 units/year versus a backhoe loader market of ~55,000 units/year, suggesting runway for further penetration.
Market Cap
₹568 Cr
P / E (TTM)
22.8×
EV / EBITDA
9.9×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
8.5%·
ROCE (FY26)
ROE 4.4% · margin 14.7%
Leverage
0.27·
Debt / Equity · low
Net debt ₹75 Cr
Moves on a normal day
1.90%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 11 Agricultural Commercial & Construction Vehicles peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#3/11
P/B#1/11
ROCE#9/11
ROE#10/11
Debt / Equity#6/11
EBITDA margin#7/12
Revenue growth#7/11
Profit growth#7/10

Scorecard

Measured from the filed financials, judged against its Agricultural Commercial & Construction Vehicles peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 8.5%
#9 of 11 in Agricultural Commercial & Construction Vehicles on the latest reported figures
Heavy working capital — 222 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

INDOFARM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDO FARM EQUIPMENT LTD's filed financials and exchange disclosures

What does INDO FARM EQUIPMENT LTD do?

INDO FARM EQUIPMENT LTD is a Agricultural Commercial & Construction Vehicles company listed on NSE and BSE, trading under the symbol INDOFARM.

Is INDO FARM EQUIPMENT LTD profitable?

Yes. Over the trailing twelve months INDO FARM EQUIPMENT LTD reported a net profit of ₹25 Cr on revenue of ₹454 Cr.

Does INDO FARM EQUIPMENT LTD pay a dividend?

Not in the latest reported year — INDO FARM EQUIPMENT LTD's dividend payout for FY26 was nil.

Is INDO FARM EQUIPMENT LTD debt-free?

No. It reported borrowings of ₹148 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹75 Cr after cash. Debt stands at 0.27× equity. That is lower than 50% of its 11 Agricultural Commercial & Construction Vehicles peers.

Is INDO FARM EQUIPMENT LTD expensive compared with its peers?

On trailing P/E, INDO FARM EQUIPMENT LTD ranks 3 of 11 in Agricultural Commercial & Construction Vehicles — cheaper than 80% of them, against an industry median of 27.4×. This is a position, not a valuation judgement.

How much does the INDO FARM EQUIPMENT LTD share price move in a day?

On a typical session INDO FARM EQUIPMENT LTD moves 1.90% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INDO FARM EQUIPMENT LTD's announcements?

Every NSE and BSE filing by INDO FARM EQUIPMENT LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.