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Indo Farm Equipment share price & results

Indo Farm Equipment Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Himachal Pradesh-based manufacturer of Pick & Carry cranes (9-30 Ton) and tractors (16-110 HP) under the Indo Farm and Indo Power brands, with a captive NBFC arm financing its equipment.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue105 ₹ crore+15.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin11.6 %+0.1 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit5.1 ₹ crore+10.5% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity4.59 %−1.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.12 %−7.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)11.14 %+11.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

2 of 8 judged targets kept · 12 open · verdicts reflect calls analysed to Q1 FY27.

Indo Farm Equipment Limited management guidance track record on Inve: 20 targets tracked across analysed earnings calls (2 achieved, 6 missed, 12 open).

TargetOriginal wordingSaidLatest callVerdict
Tractor growth FY26'this year we are looking at a 30% increase' in tractor numbers (FY26); 25% the year after
Call transcript, Q4 FY25 · 30 Jun 2025		Q4 FY25Q1 FY27:FY26 is closed at +42.85%, so the verdict stands. Q1 FY27 tractor revenue of 52.08 cr (+36.29% YoY) shows the momentum continuing.
Call transcript, Q1 FY27 · 12 Aug 2026		Achieved
Export revenue FY26'Plus 40 crore export this year' (FY26)
Call transcript, Q2 FY26 · 26 Nov 2025		Q2 FY26Q1 FY27:FY26 is closed at ~INR 21 cr against 40+ cr, so the verdict stands. There was no export update in Q1 FY27.
Call transcript, Q1 FY27 · 12 Aug 2026		Missed
Tractor dealer network expansion'Add 500 dealers in the next 3 years' via a new Dealer Development Department
Call transcript, Q4 FY25 · 30 Jun 2025		Q4 FY25Q1 FY27:Tractor dealers are ~225 as of June 2026, with no net addition versus 225+ at Q4 FY26. Management says dealer creation 'takes a little time'. The 500 goal by FY28 needs ~275 more in ~21 months (~13 a month), against ~80 in FY26 and none in Q1.
Call transcript, Q1 FY27 · 12 Aug 2026		At Risk

Source: Inve Guidance Tracker for Indo Farm Equipment Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

6 of Indo Farm Equipment Limited's 20 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.

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Price

₹117.09 +1.09% · +₹1.26

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −51.5% 1Y

₹150₹200₹250Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 26 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 12 Aug 2026

1Y: ₹241.66 on 24 Oct 2025 → ₹117.09. High ₹244.14 (27 Oct 2025), low ₹111.16 (30 Mar 2026).

Previous close
₹115.83
Market cap
₹569 Cr
52-week range
₹111.16 – ₹244.14
One year
−52.04%
Price to earnings (TTM to Jun 2026)
22.83×
Return on equity (TTM to Jun 2026)
4.59%

Overview

Symbol
NSE:INDOFARM
Industry
Industrials
Exchange
NSE
Currency
INR

What Indo Farm Equipment Limited does

Based on the company's own presentations, annual report and earnings calls.

Indo Farm Equipment manufactures hydraulic Pick & Carry cranes and agricultural tractors at its Baddi (Himachal Pradesh) facility, selling under the "Indo Farm" and "Indo Power" brands to construction, infrastructure, logistics and agriculture customers across India and over 30 export markets. It is building a new dedicated crane manufacturing unit at Bhud (Baddi) and has acquired tower-crane technology from a Chinese manufacturer to enter the tower crane market. Its wholly owned subsidiary Barota Finance Limited, an RBI-registered NBFC, finances tractors sold by Indo Farm and other brands, including pre-owned tractors.

Segments

  • Tractors
  • Pick & Carry Cranes
  • Tower Cranes
  • NBFC (Barota Finance Ltd)
Manufacturing facility
Baddi, Himachal Pradesh (34 acres); captive foundry, machine shop, gear shop, hydraulic shop & fabrication
Installed capacity
12,000 tractors/yr, 1,280 cranes/yr, foundry 6,000 MT/yr (crane capacity expanding to 4,880 units/yr via new Bhud plant)
Dealer network
225+ dealers across 6 regional offices (India)
Export footprint
30+ countries (Asia, Africa, Europe, South America)
Tractor units sold
3,006 units (FY26)
In-house component manufacturing
65%+ of crane components, 40%+ of tractor components made in-house
Founded 1994Headquarters Chandigarh, IndiaEmployees 951 (FY25) Company website

How the price took the results

close before → close after

Q1 FY27
−0.9%
12 Aug
Q4 FY26
−2.9%
29 May
Q3 FY26
+0.2%
12 Feb
Q2 FY26
−0.4%
26 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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