Indo Farm Equipment Share Price Target 2025, 2026, 2030, 2040, 2050
Indo Farm Equipment Limited is a fully integrated industrial and agricultural equipment manufacturer. Under Indo Farm and Indo Power, the company produces tractors, pick-and-carry cranes, and other harvesting equipment, such as combine harvesters and Rotavators.
This blog will discuss its Indo Farm Equipment share price target as far as 25 years from now (2025 – 2050).
What is Indo Farm Equipment Ltd? NSE: INDOFARM
Indo Farm Equipment Limited is an internationally renowned Indian company that manufactures industrial and agricultural machinery. The company was founded in 1994 and operates under Indo Farm and Indo Power. The extensive product line includes tractors (16-110 HP), picking-and-carry machines (9-30 tonnes), and other equipment such as combine harvesters or Rotavators.
Indo Farm is known for innovativeness and has developed advanced models, including electric and air-conditioned tractors, to adapt to the ever-changing market requirements.
Indo Farm’s modern manufacturing facility, located in Baddi, Himachal Pradesh, covers 1,27,840 square meters and has an annual manufacturing capacity of 12,000 tractors as well as 720 cranes. With a strong presence in the country via a network of 140 tractor dealers as well as 20 dealers for cranes, Indo Farm also exports to markets around the world, including Africa, Europe, Latin America and South East Asia, accounting for 10% of its revenue.
Fundamental Table
| Parameter | Value |
|---|---|
| Company Name | Indo Farm Equipment Ltd |
| Incorporation Year | 1994 |
| Industry | Automobile – Tractors |
| Sector | Automobile |
| Key Products | Tractors, Pick & Carry Cranes, Harvester Combines, Rotavators |
| Business Model | Fully integrated manufacturer of agricultural and industrial equipment |
| Brand Name | Indo Farm & Indo Power |
| Dividend Last Year | ₹0.00 Cr |
| Promoter Holding | 69.4% |
| High / Low | ₹ 293 / 256 |
| Face Value | 10.0 |
| Price to Book Value | – |
| Graham Number | – |
| PEG Ratio | – |
Key Financial Metric
| Metric | Value |
|---|---|
| Market Capitalization (in Cr) | ₹1,033 |
| P/E Ratio | 62.2 |
| Operating Profit Margin (OPM) | 16.12% |
| Sales (Quarter) | ₹74.96 Cr |
| Quarter Profit (Net) | ₹2.45 Cr |
| Return on Equity (ROE) | 5.47% |
| Return on Capital Employed (ROCE) | 9.22% |
| Net Profit (Annual) | ₹15.6 Cr |
| Debt | ₹247 Cr |
| Current Liabilities | ₹221 Cr |
| Current Assets | ₹359 Cr |
| Debt to Equity Ratio | 0.72 |
| Compounded Sales Growth (3 Years) | 14% |
| Compounded Profit Growth (3 Years) | 24% |
| Cash from Operating Activity | ₹41 Cr |
| Dividend Yield | 0% |
| Interest Coverage Ratio | Low |
Peer Comparisons
| S.No. | Company Name | CMP (₹) | P/E | Market Cap (₹ Cr.) | Net Profit Qtr (₹ Cr.) | Quarterly Profit Growth (%) | Sales Qtr (₹ Cr.) | Quarterly Sales Growth (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Escorts Kubota | 3371.90 | 32.47 | 37,724.06 | 324.22 | 54.02 | 2488.49 | 0.44 | 16.08 |
| 2 | VST Tillers Tractors | 5094.80 | 36.73 | 4,401.67 | 44.93 | 23.26 | 283.43 | 1.77 | 17.59 |
| 3 | Indo Farm Equip. | 253.16 | 62.16 | 1,033.11 | 2.45 | – | 74.96 | – | 9.22 |
| Attribute | Value |
|---|---|
| Date | January 7, 2025 |
| Open Price (₹) | 258.40 |
| High Price (₹) | 286.90 |
| Low Price (₹) | 256.00 |
| Close Price (₹) | 272.70 |
| Volume | 24,272,789 |
Indo Farm Equipment Ltd. is enjoying steady business growth due to its focus on agricultural machinery. Revenues are increasing with strong demand from the farming sector. In contrast, share price fluctuations due to factors such as raw material costs, farming trends and economic conditions may affect share price fluctuations. The overall financial stability shows promising long-term prospects for Indo Farm Equipment Ltd.
Check Live Price here:
Indo Farm Equipment’s price for tomorrow will be influenced by various factors like the results of its quarterly report markets, information on the latest government policies relating to agriculture, and the general sentiments of investors. Economic conditions, the performance of competitors, and the demand for tractors and agricultural machinery could influence the price of shares.
| Day (Tomorrow) | Minimum (Rs) | Maximum (Rs) |
|---|---|---|
| Change | -8.5 | +15.5 |
INDOFARM Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase INDOFARM and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
Indo Farm Equipment’s share price target for 2025 is estimated to be between Rs 210-315 due to the increasing demand for farm equipment and their market dominance. Trading on both NSE and BSE exchanges, this company generates 90% of revenue through domestic sales with 10% from exports; annual production capacity at their Himachal Pradesh plant consists of 12,000 tractors and 720 cranes for domestic sales and 10% exported, providing Indo Farm with export growth potential, favorable policy environments and advanced technologies which support expansion plans as well as revenue projections.
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2025 | 210 | 315 |
| Month | Minimum Target (Rs) | Maximum Target (Rs) | Remarks |
|---|---|---|---|
| January | 210 | 225 | IPO-driven interest. |
| February | 215 | 230 | Post-IPO momentum sustains. |
| March | 220 | 240 | Stable growth, fiscal end. |
| April | 225 | 245 | Seasonal demand increases. |
| May | 220 | 250 | Slight correction expected. |
| June | 230 | 260 | Pre-monsoon machinery demand. |
| July | 235 | 270 | Robust monsoon-related sales. |
| August | 240 | 275 | Consistent export demand. |
| September | 245 | 285 | Peak harvest season growth. |
| October | 250 | 290 | Festive season boost. |
| November | 255 | 305 | Continued festive demand. |
| December | 260 | 315 | Year-end stock surge. |
This Indo Farm Equipment share price to be achieved in 2026 is estimated to be between Rs 315 and Rs 458. In 2026, Indo Farm Equipment will profit from technological advances in agricultural equipment, growing demand for rural areas, and strategic partnership agreements. The ever-increasing global attention to sustainable agriculture could increase the share price within this range.
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2026 | 315 | 458 |
| Month | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| January | 315 | 340 |
| February | 325 | 355 |
| March | 335 | 370 |
| April | 345 | 380 |
| May | 350 | 385 |
| June | 355 | 390 |
| July | 360 | 395 |
| August | 365 | 400 |
| September | 370 | 410 |
| October | 375 | 420 |
| November | 380 | 430 |
| December | 385 | 440 |
Indo Farm Equipment’s share price goal for 2030 is estimated at between Rs 965 and Rs 1,105. The company may experience significant growth in the next few years due to technological advancements in smart farming and its international presence. The increasing automation of agriculture and government support in the field could increase demand, pushing the share price within the projected range.
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2030 | 965 | 1105 |
| Month | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| January | 965 | 980 |
| February | 970 | 985 |
| March | 975 | 990 |
| April | 980 | 995 |
| May | 985 | 1000 |
| June | 990 | 1005 |
| July | 995 | 1010 |
| August | 1000 | 1015 |
| September | 1005 | 1020 |
| October | 1010 | 1025 |
| November | 1015 | 1030 |
| December | 1020 | 1035 |
In 2040, the expected value of Indo Farm Equipment Ltd shares could range from Rs 2,110 to Rs 2,300. Indo Farm Equipment Ltd’s growth is driven by the global demand for mechanised agriculture, new developments in electric tractor technology, automation and a broader international presence. The advancement of technology and sustainability will also increase value over the long term.
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2040 | 2110 | 2300 |
| Month | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| January | 2110 | 2130 |
| February | 2120 | 2140 |
| March | 2130 | 2150 |
| April | 2140 | 2160 |
| May | 2150 | 2170 |
| June | 2160 | 2180 |
| July | 2170 | 2190 |
| August | 2180 | 2200 |
| September | 2190 | 2210 |
| October | 2200 | 2220 |
| November | 2210 | 2230 |
| December | 2220 | 2240 |
In 2050, the price of shares for Indo Farm Equipment Ltd. could increase to between Rs 4,200 and Rs 4,500. In a period when the global agricultural industry is advancing by incorporating robotics, artificial intelligence and sustainable farming practices, Indo Farm’s breakthroughs in artificial intelligence and electric tractor technology and the growing of markets internationally will position Indo Farm as a leading company in technology for agriculture.
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2050 | 4200 | 4500 |
| Month | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| January | 4200 | 4225 |
| February | 4225 | 4250 |
| March | 4250 | 4275 |
| April | 4275 | 4300 |
| May | 4300 | 4325 |
| June | 4325 | 4350 |
| July | 4350 | 4375 |
| August | 4375 | 4400 |
| September | 4400 | 4425 |
| October | 4425 | 4450 |
| November | 4450 | 4475 |
| December | 4475 | 4500 |
| Year | Minimum Target (Rs) | Maximum Target (Rs) |
|---|---|---|
| 2025 | 210 | 315 |
| 2026 | 315 | 458 |
| 2030 | 965 | 1105 |
| 2040 | 2110 | 2300 |
| 2050 | 4200 | 4500 |
| Shareholding Pattern | Percentages (Jan 2025) |
|---|---|
| Promoters | 69.44% |
| FIIs | 1.93% |
| DIIs | 9.39% |
| Public | 19.24% |
| No. of Shareholders | 63,458 |
Mamata Machinery Share Price Target 2025, 2026, 2030, 2040, 2050
Should I buy Indo Farm Equipment Stock?
Indo Farm Equipment Ltd has an extensive range of items, such as cranes and tractors. Indo Farm Equipment Ltd is expanding its distribution and production, which could result in expansion soon. However, risk factors such as competitiveness and market shifts in agriculture may affect the performance of the business. If you’re confident about your business’s long-term prospects, it might be a worthwhile investment. Do your study before making a final decision.
Indo Farm Equipment Ltd Earning Results
| Particulars | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Sales | ₹360 Cr. | ₹356 Cr. | ₹320 Cr. | ₹244 Cr. |
| Expenses | ₹297 Cr. | ₹297 Cr. | ₹266 Cr. | ₹203 Cr. |
| Operating Profit | ₹63 Cr. | ₹59 Cr. | ₹54 Cr. | ₹41 Cr. |
| Operating Profit Margin (OPM) | 18% | 17% | 17% | 17% |
| Other Income | -₹1 Cr. | -₹0 Cr. | -₹2 Cr. | ₹0 Cr. |
| Interest | ₹28 Cr. | ₹28 Cr. | ₹24 Cr. | ₹21 Cr. |
| Depreciation | ₹10 Cr. | ₹9 Cr. | ₹9 Cr. | ₹8 Cr. |
| Profit Before Tax (PBT) | ₹24 Cr. | ₹22 Cr. | ₹19 Cr. | ₹12 Cr. |
| Tax Percentage | 35% | 31% | 29% | 29% |
| Net Profit | ₹16 Cr. | ₹15 Cr. | ₹14 Cr. | ₹8 Cr. |
| Earnings Per Share (EPS) | – | – | – | – |
| Dividend Payout | 0% | 0% | 0% | 0% |
In March 2024, Indo Farm Equipment Ltd had a turnover of Rs360 crore with an operating profit of just 16 crore. The company made an operating income of Rs63 crore and kept an operating profit of 18 per cent. But, no dividends were paid, and the tax rate was 35%.
Is Indo Farm Equipment Stock to Good Buy? (Bull vs. Bear Case)
Bullish Case:
- Indo Farm manufactures tractors, cranes, farm equipment, and other constantly evolving machinery, like electric tractors.
- The company plans to expand its manufacturing facility to boost production.
- Business produces 90% of revenue in export markets.
- Revenues grew from the FY21 figure of Rs244 Cr to Rs360 Cr by FY24.
Bearish Case:
- ROI on Equity (ROE) is extremely low at 5.47 per cent, which indicates a low profit.
- The company is in debt at Rs247 Cr, which can impact its finances.
- There is no dividend payment, which suggests that the company is more focused on reinvestment than redistributing dividends to investors.
- The cash flow of operations varied, declining from Rs30 Cr in FY23 to Rs41 Cr in FY24.
Conclusion
Indo Farm Equipment has growth potential due to its growing product line and the new manufacturing facilities. However, its low profits and high debt levels are cause for concern. If the company can improve its financial position and capitalize on market opportunities, its stock could continue to grow between 2025 and 2050. It’s crucial to follow the stock closely.
FAQs
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