Indo Farm Equipment Limited

NSE: INDOFARM · Tractors

—
52W Range₹111 – ₹242

Snapshot

Unlock Indo Farm Equipment Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Indo Farm Equipment Limited is an Indian manufacturer specialising in agricultural, industrial, and construction machinery, including tractors, harvesters, and cranes. The company operates across diverse segments such as tractors, cranes, and financial services, with an export footprint spanning 30 countries.

Business Model

The company generates revenue through the manufacturing and sale of agricultural and construction equipment, complemented by an NBFC arm that provides financing and refinancing for tractor purchases.

Growth Outlook

Growth is driven by the expansion of its agricultural equipment portfolio and the leveraging of its NBFC segment to facilitate product sales through financing solutions.

Key Risks

  • Cyclical Agricultural Demand. The company's performance is highly sensitive to seasonal agricultural cycles and rural economic conditions in India.
  • Credit Risk. The NBFC segment exposes the company to potential defaults on tractor financing and refinancing loans.
  • Raw Material Price Volatility. Fluctuations in the cost of steel and other industrial components can significantly impact manufacturing margins.
  • Geopolitical Export Risks. Operating across 30 countries exposes the company to currency fluctuations and international trade policy changes.

Start your research today

Unlock AI insights, financials, peers and live data on Indo Farm Equipment Limited and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹454 Cr

TTM · consolidated

+11.1%YoY

NET PROFIT

₹25 Cr

TTM · consolidated

-6.0%YoY

EPS

₹5.19

TTM · consolidated

-17.9%YoY

RETURN ON EQUITY

4.6%

TTM · consolidated

-0.4 ppYoY

RETURN ON CAPITAL EMPLOYED

8.6%

TTM · consolidated

-0.1 ppYoY

P/E

25.4×

Q1 FY27 · consolidated

25.4 vs 23.5x5Y avg

EV/EBITDA

11.8x

Q1 FY27 · consolidated

11.8 vs 13.0x5Y avg

EBITDA MARGIN

14.4%

TTM · consolidated

-1.1 ppYoY

NET PROFIT MARGIN

5.1%

Q1 FY27 · consolidated

-0.5 ppYoY

DEBT TO EQUITY

0.3x

Q1 FY27 · consolidated

-0.05xYoY

Peers · Tractors

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Indo Farm Equipment LimitedINDOFARM
₹692 Cr25.4×11.7711.1%14.4%4.6%8.6%-44.2%
Escorts Kubota Ltd.ESCORTS
₹31,291 Cr21.2×14.5018.0%17.5%12.2%15.7%-26.7%
V.S.T. Tillers Tractors LimitedVSTTILLERS
₹3,829 Cr34.5×21.58-58.4%13.8%10.4%13.6%-17.5%

As of Q1 FY27

Financials