Indo Farm Equipment share price today

Indo Farm Equipment Ltd's share price was ₹123.26 at the close on 4 November 2026. It has been falling for 45 weeks. That is 17.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹115 and ₹239, and at that close it sat 7% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indo Farm Equipment Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 10 weeks running.

Over the last 1 year the share price moved −51% while the NIFTY 500 moved +2%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 28 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: indian funds and insurers (DIIs) cut their stake for 6 quarters in a row and revenue up on a year earlier for 5 quarters in a row (every quarter we can compare).

1. Indian funds and insurers (DIIs) cut their stake for 6 quarters in a row

   From 6% to 2.4% of the company by the September 2026 quarter.

2. Revenue up on a year earlier for 5 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹110 crore, +14.5% on a year earlier.

   Why: Revenue rose because tractor sales grew strongly while crane sales were flat.

   Next results: check whether crane sales recover as demand improves and costs are passed on.

   From the earnings call on 12 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Indo Farm Equipment reported revenue of ₹110 crore, up 14.5% from ₹96.3 crore a year earlier, and a profit of ₹5.66 crore, up 4.2% from ₹5.43 crore.

Indo Farm Equipment results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Indo Farm Equipment's management discussed these results on a call held on 12 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Indo Farm Equipment closed at ₹123.26 on 4 November 2026, down 46.3% from ₹229.67 a year earlier (7 November 2025). Its highest weekly close since January 2025 was ₹257.84 on 19 September 2025.

Indo Farm Equipment share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

99 weekly closes from 10 January 2025 to 4 November 2026.

4 Nov 2026: Indo Farm Equipment closed at ₹123.26, up 6.7% on the week and down 6.5% on the month. 12 Aug 2026: Indo Farm Equipment held its results call for April to June 2026. Management guided: FY27 overall revenue growth 20-25%; tractor revenue growth 25-30% and crane revenue growth 15-20% from existing plant.

Earlier

• Results for April to June 2026: Revenue up 14.5% and profit up 4.2% on a year earlier.

Indo Farm Equipment has paid no dividend on the NSE since its first NSE close in our records (10 January 2025), the start of the period we checked.

No. Indo Farm Equipment Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 12 August 2026, Indo Farm Equipment's management guided: FY27 overall revenue growth 20-25%; tractor revenue growth 25-30% and crane revenue growth 15-20% from existing plant.

“We expect to start commercial production in this financial year itself, and we expect commercial production to start by the end of November.”Ranbir Singh Khadwalia, on the call for April to June 2026

What management guided

• FY27 operating margin 12.5-13% standalone and around 14-15% consolidated, with consolidated performance described as similar to last year.
• Bhud facility commercial production by end-November.
• New plant contribution considered only in January to March 2027; initial operating-quarter utilization around 30% of 3,600-crane capacity.
• First tower-crane lot of 10 planned within this quarter, subject to external components; initial units may be built at the old factory.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 12 August 2026.

When Indo Farm Equipment reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Bhud commissioning - check civil completion, machinery installation and commercial production against the stated timeline.

Indo Farm Equipment is on one of our India lists: 52 week high & low.

Indo Farm Equipment Ltd earned ₹5.7 Cr of net profit in the Jun 2026 quarter, +4.2% on the same quarter a year earlier. Full-year FY26 profit was ₹25.0 Cr. Over 6 years profit has grown 30.8% a year on average. That is 5.1% of the quarter's revenue. The same quarter a year earlier earned ₹5.4 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

Why profit moved: revenue changed +14.5% on a year earlier and the margin moved −0.6 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +11.7% and revenue +12.1%. Profit and revenue are moving at about the same pace.

Indo Farm Equipment Ltd reported ₹110 Cr of revenue in the Jun 2026 quarter, +14.5% on the same quarter a year earlier. That is the 5th quarter in a row with growth on the year before. Over 6 years it has grown 9.3% a year on average. The last full year, FY26, came in at ₹418 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹454 Cr.

FY26 revenue was ₹418 Cr, +13.6% on the year before.

Recent pace: the last four quarters grew +12.1% on average, against 9.3% a year over the longer run, so this year is growing faster than its own long-run rate.

Indo Farm Equipment Ltd's operating margin was 13.1% in the Jun 2026 quarter, 0.6 percentage points lower than the same quarter a year ago. Across 7 years it has been between 14.0% and 17.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −0.6 percentage points on the year while gross margin changed −2.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 194% of Indo Farm Equipment Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹30.0 Cr of operating cash against ₹25.0 Cr of profit. After ₹29.0 Cr of spending on assets, ₹1.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 194% of profit came in as cash: the cash cycle got 60 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Indo Farm Equipment Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 313 days in FY26, down from 373 days in FY21. It spent ₹59.0 Cr on assets over the last 3 years. Customers take 105 days to pay, and stock sits for 252 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹418 Cr, each day of that cycle ties up about ₹1.1 Cr, so roughly ₹358 Cr is tied up in the business at any time.

FY26: customers took 105 days to pay and stock sat for 252 days, about 8.3 months of sales sitting as stock, for a full cycle of 313 days, shorter than FY21's 373.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 252 days. Customers pay about 105 days after that. Suppliers are paid at 44 days. Together that makes the 313-day cycle.

Spending on assets: ₹59.0 Cr over the last 3 years, against ₹33.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹29.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indo Farm Equipment Ltd's P/E is 23.7×, near the low end of its own history: it has been lower only 7% of the time. Its usual P/E (the middle reading) is 36.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Why the multiple is where it is: over the past year earnings per share moved +4.9% while the price moved −46.3%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Indo Farm Equipment Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 6 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Indo Farm Equipment Ltd earned a ROCE of 8% in FY26. That is up from a low of 7% in FY21. Its return on capital used (ROIC) is 6.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 6.0% net margin and 0.54× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 6.0% net margin × 0.54× asset turnover × 1.38× leverage (assets divided by equity) ≈ 4.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 5.2% − 12.0% = −6.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Indo Farm Equipment Ltd has total debt of ₹150 Cr against shareholder equity of ₹556 Cr as of Jun 2026, so its debt is 0.27× its equity, which is very little. Year by year, that ratio went from 0.33 in FY25 to 0.27 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in Indo Farm Equipment Ltd by 3.6 percentage points over 6 quarters, the biggest change among its owners. Domestic institutions now own 2.4% of the company. Promoters moved +1.2 points over the same period, to 70.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −3.6 points over 6 quarters, to 2.4%; Promoters: +1.2 points over 6 quarters, to 70.6%; Foreign institutions: −0.8 points over 6 quarters, to 0.0%.

Why the owners changed: domestic institutions drove it (−3.6 points), with the other side taken by promoters (+1.2 points). They reduced their stake.

For Indo Farm Equipment Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

42.4 out of 100, rank 3 of 4 in Auto - Tractors, with 75% of the evidence available.

Indo Farm Equipment Ltd scores 42.4 out of 100 against the 4 companies it is compared with in Auto - Tractors, ranking 3. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far.

The four parts add up to the total exactly: 10.7 + 9.2 + 15 + 7.5 = 42.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Indo Farm Equipment ranks 3 of 4 Auto - Tractors companies on the 4-Factor Sector Score, with 42.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Auto - Tractors, all 4 compared on one page.

Indo Farm Equipment is the 4th largest of 4 Auto - Tractors companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Escorts Kubota, VST Tillers Tractors and HMT. It is the smallest.

Auto - Tractors companies close in size

1. Escorts Kubota Ltd ₹28,824 crore
2. VST Tillers Tractors Ltd ₹3,330 crore
3. HMT Ltd ₹1,831 crore
4. Indo Farm Equipment Ltd ₹555 crore

All 4 Auto - Tractors companies, largest first

Companies close in size in other industries

1972. Stellant Securities (India) Ltd ₹558 crore · Finance - Investment/Others
1973. Mallcom (India) Ltd ₹557 crore · Leather Products - Others
1974. Indo Farm Equipment Ltd ₹555 crore
1975. Gloster Ltd ₹554 crore · Textiles - Jute/Jute Products
1976. Workmates Core2cloud Solution Ltd ₹554 crore · IT - Software

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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