Indo Farm Equipment Live Share Price Today, Share Analysis and Chart

About the company - Business Profile

Indo Farm Equipment Ltd. is an engineering-driven manufacturer specializing in agricultural tractors and material handling equipment. Based in Northern India, the company maintains a dual focus on the domestic rural economy through its tractor division and the construction and industrial sectors through its pick-and-carry crane segment. The company has transitioned into a diversified equipment manufacturer, leveraging a deep backward-integrated manufacturing model.

Key Points

• Key Facts: Founded in 1994 and headquartered in Chandigarh, Indo Farm is listed on both the BSE and NSE. The company operates under two primary brands: Indo Farm for tractors and Indo Power for cranes.
• Operations and Resources: The company’s core manufacturing hub is located in Baddi, Himachal Pradesh, spanning over 100 acres of land bank with 65+ acres currently utilized for manufacturing facilities. The facility features a high level of backward integration, housing its own casting division, machine shop, hydraulic division, and gear shop.
• Production Capacity: As of early 2026, the annual installed capacity stands at 12,000 tractors and 1,280 cranes. A new dedicated plant for Pick & Carry Cranes at the Bhud Site in Baddi is expected to commence commercial production in Q1 FY27, which is projected to increase crane capacity to 4,880 units per year.
• Market Significance: Indo Farm serves a global market across 30+ countries. Its domestic operations are supported by a network of over 200 tractor dealers and 25 crane dealers across major Indian states.
• Business Model and Capabilities: The business model is built on manufacturing self-reliance, with in-house production accounting for approximately 65% by value for cranes and 40% for tractors. This integration allows for tighter control over quality and lead times. The company also provides customer financing through its NBFC subsidiary, Barota Finance Limited.
• Revenue Breakdown (FY 2024-25):
  • Pick & Carry Hydraulic Cranes: Rs 225.05 Crore (58.12% of total revenue)
  • Tractors & Agri Equipment: Rs 141.72 Crore (36.60% of total revenue)
  • NBFC Financing: Rs 20.42 Crore (5.28% of total revenue)
  • Total Consolidated Revenue: Rs 387.19 Crore for FY25.
• Performance Metrics: For the nine-month period ending December 2025 (9MFY26), the company reported consolidated revenue of Rs 306.03 Crore and a Profit After Tax (PAT) of Rs 15.98 Crore, representing a 59% growth in PAT compared to the same period in the previous year.
• Key Products and Technology:
  • Tractors: Range from 16 HP to 110 HP, including specialized models like the 1026e for the European market and BS-IV compliant tractors for the Indian market.
  • Cranes: Pick-and-carry cranes ranging from 9 to 30 tons, including the FN series (15 to 30-ton capacities) available in 2-wheel and 4-wheel drive variants.
  • Technology: Recent advancements include the development of the 16FN new-generation crane and the expansion into the BS-IV compliant engine category for both agricultural and construction equipment.
• Strategic Initiatives: The company is currently focused on the completion of its Bhud Site project (PEB shed expected by March 2026) to scale crane production. The future outlook for FY26 targets a revenue growth of approximately 25%, with the tractor segment expected to grow by 50% and the crane segment by 10%.

References

1. Annual Report May 2025
2. Investor Presentation Feb 2026
3. Results Nov 2025