Price
Financials
Consolidated, Rs crore| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 74.96 | 86.09 | 96.17 | 129.97 | 96.26 | 103.89 | 105.87 | 133.99 | 110.24 |
| Expenses | 62.88 | 73.15 | 81.34 | 111.54 | 83.09 | 91.13 | 92.35 | 115.37 | 95.78 |
| Operating Profit | 12.08 | 12.94 | 14.83 | 18.43 | 13.17 | 12.76 | 13.52 | 18.62 | 14.46 |
| OPM % | 16.12% | 15.03% | 15.42% | 14.18% | 13.68% | 12.28% | 12.77% | 13.90% | 13.12% |
| Other Income | 0.58 | 0.30 | 0.14 | 1.61 | 1.75 | 1.86 | 1.76 | 1.17 | 1.05 |
| Interest | 6.34 | 5.89 | 6.53 | 5.16 | 4.41 | 4.41 | 4.38 | 4.25 | 4.05 |
| Depreciation | 2.57 | 2.49 | 2.75 | 3.00 | 2.99 | 3.04 | 3.04 | 3.18 | 3.62 |
| Profit before tax | 3.75 | 4.86 | 5.69 | 11.88 | 7.52 | 7.17 | 7.86 | 12.36 | 7.84 |
| Tax % | 34.40% | 25.93% | 30.05% | -13.80% | 27.66% | 30.40% | 29.26% | 29.53% | 27.81% |
| Net Profit | 2.45 | 3.60 | 3.98 | 13.51 | 5.43 | 4.98 | 5.56 | 8.72 | 5.66 |
| EPS in Rs | 0.62 | 0.91 | 1.01 | 2.81 | 1.13 | 1.04 | 1.16 | 1.81 | 1.18 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 245 | 244 | 320 | 356 | 360 | 368 | 418 | 454 |
| Expenses | 211 | 203 | 266 | 297 | 299 | 308 | 358 | 395 |
| Operating Profit | 34 | 41 | 54 | 59 | 62 | 59 | 60 | 59 |
| OPM % | 14% | 17% | 17% | 17% | 17% | 16% | 14% | 13% |
| Other Income | 2 | 0 | -2 | -0 | 1 | 1 | 4 | 6 |
| Interest | 20 | 21 | 24 | 28 | 28 | 24 | 17 | 17 |
| Depreciation | 8 | 8 | 9 | 9 | 10 | 11 | 12 | 13 |
| Profit before tax | 8 | 12 | 19 | 22 | 24 | 26 | 35 | 35 |
| Tax % | 39% | 29% | 29% | 31% | 36% | 10% | 29% | |
| Net Profit | 5 | 8 | 14 | 15 | 15 | 24 | 25 | 25 |
| EPS in Rs | 5.26 | 9.04 | 7.31 | 8.19 | 4.10 | 4.90 | 5.14 | 5.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 11% | 5% | 11% | ||
| Compounded Profit Growth | % | 25% | 17% | -6% | ||
| Stock Price CAGR | % | % | % | -41% | ||
| Return on Equity | % | 5% | 5% | 5% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 19 | 19 | 38 | 48 | 48 |
| Reserves | 245 | 252 | 256 | 272 | 280 | 483 | 508 |
| Borrowings | 198 | 235 | 275 | 281 | 272 | 173 | 150 |
| Other Liabilities | 34 | 55 | 70 | 52 | 59 | 57 | 64 |
| Total Liabilities | 486 | 551 | 620 | 623 | 648 | 762 | 770 |
| Fixed Assets | 172 | 184 | 194 | 206 | 202 | 214 | 211 |
| CWIP | 18 | 14 | 20 | 8 | 5 | 9 | 29 |
| Investments | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 296 | 353 | 405 | 408 | 441 | 539 | 530 |
| Total Assets | 486 | 551 | 620 | 623 | 648 | 762 | 770 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 28 | 1 | 10 | 30 | 41 | 53 | 30 |
| Cash from Investing Activity | -15 | -16 | -26 | -8 | -3 | -75 | 25 |
| Cash from Financing Activity | -13 | 15 | 16 | -22 | -26 | 68 | -41 |
| Net Cash Flow | -0 | 1 | 0 | -0 | 12 | 46 | 14 |
| Free Cash Flow | 11 | -15 | -15 | 21 | 38 | 26 | 0 |
| CFO/OP | 88% | 7% | 22% | 61% | 73% | 98% | 59% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 111 | 82 | 76 | 106 | 107 | 105 |
| Inventory Days | 345 | 347 | 299 | 264 | 273 | 279 | 252 |
| Days Payable | 48 | 84 | 86 | 50 | 58 | 52 | 44 |
| Cash Conversion Cycle | 398 | 373 | 295 | 290 | 320 | 334 | 313 |
| Working Capital Days | 109 | 126 | 103 | 92 | 104 | 184 | 189 |
| ROCE % | 7% | 9% | 9% | 9% | 8% | 8% |
| Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 69.44% | 69.44% | 69.53% | 69.80% | 70.46% | 70.62% |
| FIIs | 0.82% | 0.55% | 0.40% | 0.01% | 0.18% | 0.08% |
| DIIs | 5.97% | 4.88% | 4.72% | 4.31% | 3.40% | 2.52% |
| Public | 23.77% | 25.14% | 25.34% | 25.87% | 25.96% | 26.78% |
| No. of Shareholders | 58,000 | 53,193 | 44,965 | 44,676 | 44,995 | 44,005 |
Fundamentals
Market Cap₹ 638 Cr.
Current Price₹ 133
Stock P/E25.6
Book Value₹ 116
ROCE7.70 %
ROE4.82 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)-6%
Consolidated figures.
Valuation
Market capRs 631 Cr
Enterprise valueRs 908 Cr
P/E (TTM)25.57x
Price to book2.17x
Price to sales1.43x
EV / EBITDA14.06x
EV / EBIT17.35x
EV / sales2.06x
Price to cash flow20.92x
Earnings yield3.91%
Profitability
Operating margin (excl. other income)16.55%
Operating margin (incl. other income)16.48%
EBITDA margin14.68%
Pre-tax margin7.93%
Net profit margin5.61%
Net margin, latest quarter6.51%
ROE5.44%
ROCE8.90%
ROA2.47%
ROE, 3-year average4.62%
ROCE, 3-year average8.04%
ROA, 3-year average2.15%
ROIC (approx.)6.38%
Tax rate30.88%
Other income / net worth-0.09%
Growth
Sales growth (latest year)11.22%
Profit growth (latest year)12.03%
Sales CAGR, 3 years13.28%
Profit CAGR, 3 years45.99%
Sales growth QoQ26.56%
Profit growth QoQ56.83%
Sales growth YoY (latest quarter)3.09%
Profit growth YoY (latest quarter)-35.46%
Per share
EPS (TTM)Rs 5.15
EPS (latest year)Rs 8.19
EPS (latest quarter)Rs 1.82
EPS, 3-year averageRs 8.18
Book value per shareRs 60.60
Sales per shareRs 91.83
Cash flow per shareRs 6.30
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.57x
Fixed asset turnover1.73x
Inventory turnover1.43x
Inventory days255 days
Debtor days76 days
Debtors turnover4.79x
Creditor days44 days
Cash conversion cycle313 days
Working capital days189 days
Leverage
Total debtRs 281 Cr
Cash and bankRs 4 Cr
Net debtRs 277 Cr
Debt to equity0.97x
Net debt / EBITDA4.29x
Interest coverage3.00x
Current ratio (filing 2026-03-31)2.93x
Quick ratio (filing 2026-03-31)1.75x
Trade payables (filing 2026-03-31)Rs 31 Cr
Owners' fund to total sources46.62%
Debt to assets45.06%
Cash flow
Cash from Operating Activity (latest year)Rs 30 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs -22 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 6 Cr
Cash from ops / profit, 5 years1.76x
Sales to cash flow11.81x
Statement figures
Net sales (TTM)Rs 440 Cr
Net sales (latest year)Rs 356 Cr
Sales (latest quarter)Rs 134 Cr
Operating profit excl. other income (latest year)Rs 59 Cr
Operating profit (latest quarter)Rs 19 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 65 Cr
PBDT (TTM)Rs 47 Cr
Profit before tax (TTM)Rs 35 Cr
Tax (latest year)Rs 7 Cr
Net profit (TTM)Rs 25 Cr
Net profit (latest year)Rs 15 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 12 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 17 Cr
Cost of goods sold (latest year)Rs 233 Cr
Total expenditure (latest year)Rs 297 Cr
Total income (latest year)Rs 356 Cr
Share capitalRs 19 Cr
ReservesRs 272 Cr
Shareholders' fundsRs 290 Cr
Total assetsRs 623 Cr
Net blockRs 206 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 0 Cr
ReceivablesRs 74 Cr
InventoryRs 163 Cr
Other liabilitiesRs 52 Cr
Shares outstanding (crore)4.79
Ownership
Promoter holding70.62% (+1.18 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | INDOFARM | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.3% | -2.8% | -2.5 pts |
| 1 month | -2.3% | -6.8% | +4.5 pts |
| 3 months | -19.5% | -7.6% | -11.8 pts |
| 6 months | +18.5% | +0.4% | +18.1 pts |
| 1 year | -44.4% | -9.9% | -34.5 pts |
Red flags
F-score 6 of 8No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹110 Cr +14.5% vs Jun 2025.
Net profit ₹6 Cr +4.2%.
Against our estimate for Jun 2026: sales +7.4%, profit +1.3% in line. Our estimate for Sep 2026: sales Rs 113 Cr, profit Rs 6 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| BEML Ltd | 16,380 | 91.8 | 7.66 % |
| Action Construction Equipment Ltd | 14,359 | 32.9 | 31.6 % |
| Ajax Engineering Ltd | 6,769 | 29.4 | 23.9 % |
| TIL Ltd | 2,037 | 2.90 % | |
| Brady & Morris Engineering Company Ltd | 144 | 29.9 | 14.1 % |
No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Indo Farm Equipment Ltd?
Indo Farm Equipment Ltd (INDOFARM) has a market capitalisation of Rs 638 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indo Farm Equipment Ltd?
Indo Farm Equipment Ltd trades at a P/E of 25.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indo Farm Equipment Ltd's latest quarterly results?
In the Jun 2026 quarter, Indo Farm Equipment Ltd sales was Rs 110 Cr (+14.5% vs Jun 2025) and net profit was Rs 6 Cr.
What is the 52-week high and low of Indo Farm Equipment Ltd?
The 52-week high is Rs 271.69 and the 52-week low is Rs 110.70.