indo farm equipment Share Price Target : Are you thinking of investing in indo farm equipment shares? Want to know its future price target? In this guide, we will discuss indo farm equipment share price target for the year 2025, 2026, 2030. Along with this, we will do a complete fundamental analysis to help you make the right decision.
OVERVIEW
Incorporated in 1994, our company, Indo Farm Equipment Limited is a more than two decade old fully integrated manufacturer of world class Tractors, Pick & Carry Cranes and other farm equipment such as Harvester Combines, Rotavators and other related spares & components.
Our products are sold under our own brand names as entailed below
Our products are being exported to various countries. Our total sales for last three financial years include 90% domestic sales and 10% export sales. Our ISO 9001:2015 certified manufacturing facilities are spread across 127,840 sq. mtrs. of Industrial lands at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors, pick & Carry Cranes and other equipments.
Our facilities are equipped
with induction furnaces, pneumatic molding machines, automatic molding line, sand plant, fully equipped Metallurgy and Sand Testing Laboratory, Machining Center, Gear Shop, Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
Our integrated operations enable us to manufacture some of the critical machine components in-house which reduces our dependence on third parties, streamlines our production process and improves our operational efficiencies. In addition, it also enables us to maintain control over the entire manufacturing process and also provide better delivery timelines to our customers at a more competitive cost.
our production facilities have a capacity to manufacture 12,000 Tractors p.a. & 720 Pick & Carry Cranes p.a. We are currently manufacturing Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 tons to 30 tons.
We have recently acquired industrial land near our manufacturing facility wherein we intend to set up additional dedicated Pick & Carry Crane manufacturing unit and increase our additional capacity by 3,600 units p.a. For details of this proposed capacity expansion please refer section titled ―Objects of the Issue‖
beginning on page 76 of this Draft Red Herring Prospectus.
Our products have a proven standing and market in various
sectors such as Agriculture, Infrastructure, Construction, Heavy Engineering and Industrial Projects.
We originally acquired Engine technology and started operations in the year 2000. For the initial 2 years, we have imported completely assembled engines and later on, we have indigenized and upgraded the engines to meet out the fast changing emission norms requirements of our country In the year 2006,
we set up our in-house captive foundry and in the year 2007 we have introduced Pick & Carry Cranes to our portfolio and have been one the pioneers in this
segment. Further in the year 2017, we launched our in-house NBFC Company for providing retail financing for our tractor.
Our products are marketed and distributed by more than140 dealers from various states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan etc. We have over the years created a fully integrated ecosystem for ensuring high quality products and financial support for our customers.
Our Competitive Strengths
We possess a number of competitive strengths, which have enabled us to sustain and consistently perform for over twodecades in our industry. Some of them are as below:
Fully Integrated and established Manufacturing Setup
Our ISO 9001:2015 certified manufacturing facilities are spread across 127,840 sq. mtrs. of Industrial lands at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors and Pick & Carry Cranes. Our facility is equipped with induction furnaces, pneumatic molding machines, automatic molding line, sand plant, fully equipped metallurgy and Sand Testing Laboratory, Machining Center, Gear Shop, Hydraulic shop ,Sheet metal, Press shop Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
Our integrated operations enable us to manufacture some of the critical machine components in-house which reduces our dependence on third parties, streamlines our production process and improves our operational efficiencies. In addition, it also enables us to maintain control over the entire manufacturing process and also provide better delivery timelines to our customers at a more competitive cost.
For instance, some of the industry players rely on auto ancillary manufacturers for critical parts of a tractor such as Cylinder Blocks, Transmission Housing, Gear Box, Sheet Metal Components etc.
which are all manufactured by our company in-house, likewise critical components like Hydraulic Winches and Cylinders for the pick & Carry Cranes are also manufactured by us in-house. Over 330 components used in making a tractor and over 190 components used in making Crane are manufactured in-house by our company and hence we are able to manage our cost and quality competitiveness in both of our segments.
Our R&D Centre is equipped with specialist engineers and updated technology to provide customized solutions to our Customers.
We have been able to develop indigenous technology for tractor and crane models including self-developed design for re-entrant type combustion chamber in all engines for better combustion through proper air fuel mixing resulting in low fuel consumption.
Our backward integration has helped us in managing the diverse range of series and variants that we currently offer to
our customers.
In-House NBFC Setup
In 2017, to further compliment & grow the business we have launched our in-house NBFC Company for providing tractor finance for our buyers through our subsidiary entity ―Barota Finance Limited‖. As on March 31, 2023, our NBFC has a total Loan Book (Vehicle Finance) of Rs. 1,500.51 million and serves over 5,900 active customers.
Manufacturing Wide Range of Products
We are having the product range in tractors from 16 HP – 110 HP in 2 WD & 4 WD range. This range meets out around 80% of global market requirement especially 4WD tractors and 65, 75, 90 and 110 HP range which are developed for export markets such as Africa, Latin America, Middle East, Central and South East Asia and our 1,026 (26 HP range) is developed & homologated especially for European market.
The Company manufactures Pick & Carry Cranes which are widely used throughout engineering, construction and infrastructure industry.
It offers customers a Pick & Carry mobile crane that epitomizes safety, quality, operator productivity, innovative features, and competitive total cost of ownership.
The Company currently manufactures these cranes from 9 tons to 30 tons capacity available in 2-wheel drive and 4-wheel drive variants. Our machines are safe,
economical and highly productive, capable of lifting and placing loads and also traveling long distances.
As a result, they not only make the operator’s job easier, but also ensure that he is able to deliver more in less time. In doing so, we help meet the growing requirements of the country’s infrastructure development, mining, realty, and other sectors.
Product acceptability in multiple countries and wide variety of financial institutions
The company has exported its products to various overseas markets like Nepal, Syria, Sudan, Bangladesh, Myanmar, Kuwait, Jordan, Gabon, Chile, Yemen, Uruguay, Ghana, Nigeria, Ethiopia, Mauritius, Afghanistan, Mexico, Kenya, Uganda, UAE, Malaysia and Germany etc.
Currently exports contribute to around 10% of our total sales, however our product acceptance track record in so many countries serves as an impressive international footprint and demonstrates our ability to provide world class products and after sales services to our esteemed customers at the affordable prices.
Our Strategies
We have over the last two decades established ourselves as a strong technically capable manufacturer and we now intend to scale our operations and grow our business to the next level.
Our core business strategies.
Augment capital base for scaling and expanding our operations
We have over the years been a technology driven enterprise and have focused on developing strong product and established world class manufacturing facilities.
We have not yet taken any external equity from PE/ VC or other such investor and have built these large manufacturing capabilities, distribution network etc through earnings and owned funds in a slow and steady manner.
Focus on the niche market of Pick and Carry Cranes
We started with manufacturing of Tractors and since the base technology behind a Pick & Carry Crane is similar to a Tractor we have entered into manufacturing of pick & Carry Cranes also. As compared to Tractors which is a very competitive industry where local and global players are present in the matter, the Pick and Carry Crane sector is a niche segment with not many global players are participating in this segment.
Augment our Dealer Network and Sales Force
While historically we have had a strong presence in North India, we intend to leverage our brand‘s visibility and expand our presence PAN India. As on August 31, 2023, we have 140 registered dealers for tractor and 20 registered dealers for crane and other 15 dealers for spares and services of crane division across India.
Our Company also provides after-sales service to our customers. As part of our focus on innovation, we have launched new and advanced machines from time to time.
| Fundamentals | Indo Farm Equipment |
| Market Cap | ₹ 1028 Cr |
| 52 Week High | 293.20 |
| 52 Week Low | 202.05 |
| NSE Symbol | INDOFARM |
| ROE | 0.00% |
| P/E Ratio | 65.80 |
| EPS | 3.25 |
| P/B Ratio | 1.95 |
| Dividend Yield | 0.00% |
| Industry P/E | 21.33 |
| Book Value | 109.47 |
| Debt to Equity | 0.72 |
| Stock Face Value | 10 |
Indo Farm Equipment Shareholding Pattern
| Promoters | 69.44% |
| Retail & Others | 19.24% |
| DII | 9.09% |
| FII | 1.94% |
| Mutual Funds | 0.29% |
The indo farm equipment Financial Reports
| Sector | Year (2025) |
| Revenue | ₹ 75.54 ( In Cr. |
| Expense | 71.79 ( In Cr. |
| Profit Before Tax | 3 ( In Cr. |
| Net Profit | 2 |
Indo Farm Equipment Share Price Target 2025
| Month Wise (Year 2025) | Target Price |
| January | 211 |
| February | 227 |
| March | 235 |
| April | 240 |
| May | 245 |
| June | 253 |
| July | 260 |
| August | 265 |
| September | 271 |
| October | 279 |
| November | 288 |
| December | 300 |
How To Buy indo farm equipment Share?
To buy Indo Farm Equipment shares, you can easily buy shares of Indo Farm Equipment by using the trading platform of many stock brokers.
The names of most trading platforms for buy in Indo Farm Equipment shares are given below.
- Groww App
- Phonepe. Share Market App
- Angel One App
- Dhan App
- Upstox App
- Zerodha App
Disclaimer :- The above article is for informational purposes only, and should not be construed as any investment advice. Money Mint idea suggests its readers/viewers to consult their financial advisors before making any money-related decisions.