
About Indo Farm Equipment Limited
Data last updated:
Indo Farm Equipment Limited is a public limited company based in Chandigarh, India. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 05 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L29219CH1994PLC015132. Its GSTIN is 04AAACW1982A2ZQ (Chandigarh). The company holds 10 GST registrations, of which 9 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544328 and NSE: INDOFARM.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹48.05 Cr. It was formerly known as Welcut Tools Pvt Ltd and Indo Farm Industries Limited. It is led by directors including Ranbir Singh Khadwalia (Managing Director) and Anshul Khadwalia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at SCO 859 Nac Kalka Road Manimajra, Chandigarh, India – 160101.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹440.02 Cr, a growth of 13.6% compared to the previous year. For the same year it recorded a net profit of ₹24.69 Cr (net margin 5.6%) and EBITDA of ₹58.08 Cr (EBITDA margin 13.2%). The net worth stands at ₹556.48 Cr (up 4.7% YoY). Total assets are valued at ₹719.01 Cr (up 1.1% YoY).
The company is associated with 1 brand: Indo Farm Equipment. As per MCA filings, the company has open charges of ₹198.33 Cr and satisfied charges of ₹381.89 Cr on record. Court records list 276 cases involving the company, including 181 filed by the company and 96 filed against it; 55 cases are pending. The company has 19 deals on record (10 market trades, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.15 Cr; the latest was in July 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indofarm.in.
Company details
Name history
Indo Farm Equipment has undergone 3 name changes throughout its history. The company was previously known as Welcut Tools Pvt Ltd, Indo Farm Industries Limited, and Indofarm Tractors And Motors Limited. The current legal name is Indo Farm Equipment Limited.
| Company Name | Status |
|---|---|
| Indo Farm Equipment Limited | Current |
| Welcut Tools Pvt Ltd | Previous |
| Indo Farm Industries Limited | Previous |
| Indofarm Tractors And Motors Limited | Previous |
CIN history
Indo Farm Equipment has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29219CH1994PLC015132, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29219CH1994PLC015132 | Current |
| L29219CH1995PLC015132 | Previous |
| U29219CH1994PLC015132 | Previous |
Contact details
Indo Farm Equipment Limited's registered office is in Chandigarh, Chandigarh.
- Social Media
- Registered AddressSCO 859 Nac Kalka Road Manimajra, Chandigarh, India – 160101
- IndustryAgriculture, Agri Machinery & Equipment
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indo Farm Equipment operates one associated brand: Indo Farm Equipment. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tractors, cranes, and agricultural implements are manufactured for various needs. | indofarm.in |
Business activity
The main business activity of Indo Farm Equipment is manufacturing. In detail, this covers manufacture of motor vehicles, trailers and semi-trailers.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 29 | Manufacture of motor vehicles, trailers and semi-trailers |
To see the full business activity and turnover split of Indo Farm Equipment Limited, buy the company report.
Financials of Indo Farm Equipment Limited
FY 2025-26 filings availableIndo Farm Equipment Limited reported revenue of ₹440.02 Cr (up 13.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 440 | 387 | 375 | 371 | 352 | 268 | 245 |
| Revenue growth | +13.6% | +3.2% | +1.2% | +5.3% | +31.5% | +9.3% | - |
| EBITDA | 58.08 | 58.27 | 61.80 | 57.67 | 51.64 | 40.34 | 33.78 |
| EBITDA margin | +13.2% | +15.1% | +16.5% | +15.6% | +14.7% | +15.1% | +13.8% |
| Profit before tax | 34.91 | 26.17 | 23.90 | 22.26 | 19.29 | 11.88 | 8.07 |
| Net profit | 24.69 | 23.57 | 15.41 | 16.32 | 15.07 | 8.68 | 5.16 |
| Net profit margin | +5.6% | +6.1% | +4.1% | +4.4% | +4.3% | +3.2% | +2.1% |
| EPS (₹) | 5.14 | 4.90 | 4.10 | 8.19 | 7.31 | 9.05 | 5.26 |
| Balance sheet | |||||||
| Total assets | 719 | 711 | 595 | 576 | 554 | 501 | 458 |
| Net worth | 556 | 531 | 317 | 290 | 275 | 261 | 254 |
| Total debt | 150 | 173 | 272 | 281 | 275 | 235 | 198 |
| Cash & bank | 76.18 | 111 | 15.25 | 3.63 | 2.98 | 2.51 | 2.68 |
| Net working capital | 396 | 411 | 305 | 264 | 242 | 220 | 205 |
| Cash flow | |||||||
| Cash from operations | 29.70 | 53.00 | 40.58 | 30.18 | 9.98 | 1.22 | 27.52 |
| Cash from investing | 25.22 | (75.39) | (2.59) | (8.38) | (25.96) | (15.63) | (14.90) |
| Cash from financing | (41.34) | 67.93 | (25.70) | (21.99) | 16.40 | 15.24 | (12.89) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 110 | 134 | 106 | 104 | 96.26 | 130 | 96.17 | 86.09 |
| Revenue growth (YoY) | +14.5% | +3.1% | +10.1% | +20.7% | +28.4% | - | - | - |
| Other income | 1.05 | 1.17 | 1.76 | 1.86 | 1.75 | 1.61 | 0.14 | 0.30 |
| EBITDA | 14.46 | 18.62 | 13.52 | 12.77 | 13.16 | 18.42 | 14.84 | 12.93 |
| EBITDA margin | +13.1% | +13.9% | +12.8% | +12.3% | +13.7% | +14.2% | +15.4% | +15.0% |
| Depreciation | 3.62 | 3.18 | 3.04 | 3.04 | 2.99 | 3.00 | 2.75 | 2.49 |
| Interest | 4.05 | 4.25 | 4.38 | 4.41 | 4.41 | 5.16 | 6.53 | 5.89 |
| Profit before tax | 7.84 | 12.36 | 7.86 | 7.18 | 7.51 | 11.87 | 5.70 | 4.85 |
| Tax | 2.18 | 3.65 | 2.30 | 2.18 | 2.08 | (1.64) | 1.71 | 1.26 |
| Net profit | 5.66 | 8.71 | 5.56 | 5.00 | 5.43 | 13.51 | 3.99 | 3.59 |
| EPS (₹) | 1.18 | 1.81 | 1.16 | 1.04 | 1.13 | 3.27 | 1.01 | 0.91 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 420 | 367 | 352 | 347 | 331 | 252 | 232 |
| Revenue growth | +14.4% | +4.1% | +1.7% | +4.8% | +31.4% | +8.6% | - |
| EBITDA | 48.32 | 47.10 | 47.80 | 41.79 | 36.64 | 29.61 | 25.95 |
| EBITDA margin | +11.5% | +12.8% | +13.6% | +12.1% | +11.1% | +11.8% | +11.2% |
| Profit before tax | 31.14 | 24.93 | 21.40 | 18.08 | 13.57 | 8.16 | 6.14 |
| Net profit | 21.50 | 22.61 | 13.54 | 12.19 | 9.58 | 5.66 | 3.55 |
| Net profit margin | +5.1% | +6.2% | +3.8% | +3.5% | +2.9% | +2.3% | +1.5% |
| EPS (₹) | 4.55 | 4.71 | 3.61 | 6.48 | 5.10 | 6.05 | 3.78 |
| Balance sheet | |||||||
| Total assets | 634 | 620 | 475 | 452 | 444 | 421 | 389 |
| Net worth | 538 | 515 | 302 | 277 | 265 | 257 | 251 |
| Total debt | 86.21 | 96.80 | 169 | 170 | 175 | 160 | 133 |
| Cash & bank | 59.15 | 72.75 | 12.85 | 2.27 | 1.60 | 2.53 | 2.35 |
| Net working capital | 331 | 325 | 244 | 207 | 201 | 196 | 168 |
| Cash flow | |||||||
| Cash from operations | 31.27 | 25.88 | 21.02 | 31.69 | 25.43 | 7.27 | 36.97 |
| Cash from investing | (0.24) | (95.85) | (2.14) | (10.87) | 17,744 | (15.79) | (17.54) |
| Cash from financing | (20.74) | 104 | (7.63) | (20.99) | 0.62 | 8.70 | (19.58) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 129 | 101 | 99.06 | 91.26 | 125 | 90.82 | 81.24 |
| Revenue growth (YoY) | +15.0% | +2.7% | +10.8% | +21.9% | +31.2% | - | - | - |
| Other income | 0.91 | 0.96 | 1.40 | 1.50 | 1.32 | 1.69 | 0.22 | 0.36 |
| Total expenses | 92.75 | 112 | 89.88 | 88.50 | 80.77 | 109 | 78.75 | 70.89 |
| EBITDA | 12.18 | 16.51 | 10.76 | 10.56 | 10.49 | 15.68 | 12.07 | 10.35 |
| EBITDA margin | +11.6% | +12.8% | +10.7% | +10.7% | +11.5% | +12.5% | +13.3% | +12.7% |
| Depreciation | 3.61 | 3.17 | 3.03 | 3.03 | 2.98 | 2.99 | 2.74 | 2.48 |
| Interest | 2.42 | 2.60 | 2.54 | 2.57 | 2.44 | 2.82 | 4.17 | 3.59 |
| Profit before tax | 7.06 | 11.70 | 6.59 | 6.46 | 6.39 | 11.56 | 5.38 | 4.64 |
| Tax | 2.00 | 3.49 | 1.96 | 2.02 | 1.81 | (1.73) | 1.65 | 1.25 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 110 | 134 | 106 | 104 | 96.26 | 130 | 96.17 | 86.09 |
| Revenue growth (YoY) | +14.5% | +3.1% | +10.1% | +20.7% | +28.4% | - | - | - |
| Other income | 1.05 | 1.17 | 1.76 | 1.86 | 1.75 | 1.61 | 0.14 | 0.30 |
| EBITDA | 14.46 | 18.62 | 13.52 | 12.77 | 13.16 | 18.42 | 14.84 | 12.93 |
| EBITDA margin | +13.1% | +13.9% | +12.8% | +12.3% | +13.7% | +14.2% | +15.4% | +15.0% |
| Depreciation | 3.62 | 3.18 | 3.04 | 3.04 | 2.99 | 3.00 | 2.75 | 2.49 |
| Interest | 4.05 | 4.25 | 4.38 | 4.41 | 4.41 | 5.16 | 6.53 | 5.89 |
| Profit before tax | 7.84 | 12.36 | 7.86 | 7.18 | 7.51 | 11.87 | 5.70 | 4.85 |
| Tax | 2.18 | 3.65 | 2.30 | 2.18 | 2.08 | (1.64) | 1.71 | 1.26 |
| Net profit | 5.66 | 8.71 | 5.56 | 5.00 | 5.43 | 13.51 | 3.99 | 3.59 |
| EPS (₹) | 1.18 | 1.81 | 1.16 | 1.04 | 1.13 | 3.27 | 1.01 | 0.91 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 440 | 387 | 375 | 371 | 352 | 268 | 245 |
| Revenue growth | +13.6% | +3.2% | +1.2% | +5.3% | +31.5% | +9.3% | - |
| Other income | 6.54 | 2.62 | 0.72 | 1.06 | 0.44 | 0.81 | 2.19 |
| Total expenses | 382 | 329 | 313 | 313 | 300 | 227 | 211 |
| Employee cost | 0.00 | 45.76 | 46.08 | 42.50 | 37.11 | 29.24 | 32.84 |
| EBITDA | 58.08 | 58.27 | 61.80 | 57.67 | 51.64 | 40.34 | 33.78 |
| EBITDA margin | +13.2% | +15.1% | +16.5% | +15.6% | +14.7% | +15.1% | +13.8% |
| Depreciation | 12.25 | 10.81 | 10.31 | 8.83 | 8.97 | 8.06 | 8.13 |
| Interest | 17.46 | 23.91 | 28.31 | 27.64 | 23.82 | 21.21 | 19.77 |
| Profit before tax | 34.91 | 26.17 | 23.90 | 22.26 | 19.29 | 11.88 | 8.07 |
| Tax | 10.22 | 2.62 | 8.49 | 6.87 | 5.56 | 3.39 | 3.12 |
| Net profit | 24.69 | 23.57 | 15.41 | 16.32 | 15.07 | 8.68 | 5.16 |
| Net profit margin | +5.6% | +6.1% | +4.1% | +4.4% | +4.3% | +3.2% | +2.1% |
| EPS (₹) | 5.14 | 4.90 | 4.10 | 8.19 | 7.31 | 9.05 | 5.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.05 | 48.05 | 37.55 | 18.78 | 18.78 | 9.39 | 9.39 |
| Reserves & surplus | 508 | 483 | 268 | 272 | 256 | 252 | 245 |
| Shareholders' funds (net worth) | 556 | 531 | 317 | 290 | 275 | 261 | 254 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 133 | 156 | 268 | 276 | 260 | 217 | 161 |
| Unsecured loans | 16.27 | 17.57 | 4.52 | 4.52 | 15.29 | 17.85 | 37.32 |
| Total debt | 150 | 173 | 272 | 281 | 275 | 235 | 198 |
| Total liabilities | 719 | 711 | 595 | 576 | 554 | 501 | 458 |
| Assets | |||||||
| Gross block | 329 | 319 | 297 | 294 | 273 | 254 | 235 |
| Net block | 211 | 214 | 202 | 206 | 194 | 184 | 172 |
| Capital work in progress | 29.45 | 9.18 | 5.11 | 8.06 | 19.52 | 14.41 | 17.99 |
| Investments | 0.25 | 0.17 | 0.15 | 0.09 | 1.07 | 0.06 | 0.05 |
| Inventories | 179 | 173 | 165 | 163 | 164 | 141 | 128 |
| Sundry debtors | 120 | 108 | 104 | 74.39 | 72.03 | 73.96 | 68.00 |
| Cash & bank balances | 76.18 | 111 | 15.25 | 3.63 | 2.98 | 2.51 | 2.68 |
| Loans & advances | 68.59 | 69.69 | 71.08 | 69.87 | 68.98 | 52.60 | 33.55 |
| Total current assets | 444 | 461 | 356 | 311 | 307 | 270 | 233 |
| Total current liabilities | 47.24 | 50.57 | 50.40 | 46.69 | 65.34 | 50.44 | 27.99 |
| Net working capital | 396 | 411 | 305 | 264 | 242 | 220 | 205 |
| Total assets | 719 | 711 | 595 | 576 | 554 | 501 | 458 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 59.60 | 14.06 | 1.76 | 1.95 | 1.53 | 0.70 | 2.95 |
| Net cash from operating activities | 29.70 | 53.00 | 40.58 | 30.18 | 9.98 | 1.22 | 27.52 |
| Net cash from investing activities | 25.22 | (75.39) | (2.59) | (8.38) | (25.96) | (15.63) | (14.90) |
| Net cash from financing activities | (41.34) | 67.93 | (25.70) | (21.99) | 16.40 | 15.24 | (12.89) |
| Net change in cash | 13.57 | 45.54 | 12.30 | (0.19) | 0.42 | 0.83 | (0.27) |
| Closing cash | 76.18 | 111 | 15.25 | 3.63 | 2.98 | 2.51 | 2.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.6% | +3.2% | +1.2% | +5.3% | +31.5% | +9.3% | - |
| EBITDA growth | -0.3% | -5.7% | +7.2% | +11.7% | +28.0% | +19.4% | - |
| PBT growth | +33.4% | +9.5% | +7.4% | +15.4% | +62.4% | +47.2% | +9997.0% |
| Net income growth | +4.8% | +53.0% | -5.6% | +8.3% | +73.6% | +68.2% | - |
| Revenue CAGR (3Y) | +5.9% | +3.2% | +11.9% | +14.8% | - | - | - |
| EBITDA CAGR (3Y) | +0.2% | +4.1% | +15.3% | +19.5% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.6% | +6.1% | +4.1% | +4.2% | +3.9% | +3.2% | +2.0% |
| Return on capital employed | - | +7.7% | +8.9% | +8.8% | +8.6% | +6.9% | +6.1% |
| Return on net worth | - | +5.6% | +5.1% | +5.4% | +5.6% | +3.3% | +1.9% |
| Debt / equity | - | 0.53 | 0.91 | 0.98 | 0.95 | 0.84 | 0.78 |
| Long-term debt / equity | - | 0.17 | 0.32 | 0.42 | 0.42 | 0.33 | 0.27 |
| Interest cover | 38.10 | 50.38 | 54.98 | 56.59 | 55.82 | 65.71 | 77.08 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.26 | 1.27 | 1.31 | 1.34 | 1.09 | 1.04 |
| Inventory turnover | - | 2.29 | 2.29 | 2.27 | 2.31 | 1.99 | 1.91 |
| Debtors turnover | - | 3.65 | 4.20 | 5.06 | 4.82 | 3.77 | 3.60 |
| EPS (₹) | 5.14 | 4.90 | 4.10 | 8.19 | 7.31 | 9.05 | 5.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 110.58 | 81.48 | 154.65 | 146.36 | 278.28 | 270.64 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 105 | 129 | 101 | 99.06 | 91.26 | 125 | 90.82 | 81.24 |
| Revenue growth (YoY) | +15.0% | +2.7% | +10.8% | +21.9% | +31.2% | - | - | - |
| Other income | 0.91 | 0.96 | 1.40 | 1.50 | 1.32 | 1.69 | 0.22 | 0.36 |
| Total expenses | 92.75 | 112 | 89.88 | 88.50 | 80.77 | 109 | 78.75 | 70.89 |
| EBITDA | 12.18 | 16.51 | 10.76 | 10.56 | 10.49 | 15.68 | 12.07 | 10.35 |
| EBITDA margin | +11.6% | +12.8% | +10.7% | +10.7% | +11.5% | +12.5% | +13.3% | +12.7% |
| Depreciation | 3.61 | 3.17 | 3.03 | 3.03 | 2.98 | 2.99 | 2.74 | 2.48 |
| Interest | 2.42 | 2.60 | 2.54 | 2.57 | 2.44 | 2.82 | 4.17 | 3.59 |
| Profit before tax | 7.06 | 11.70 | 6.59 | 6.46 | 6.39 | 11.56 | 5.38 | 4.64 |
| Tax | 2.00 | 3.49 | 1.96 | 2.02 | 1.81 | (1.73) | 1.65 | 1.25 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 420 | 367 | 352 | 347 | 331 | 252 | 232 |
| Revenue growth | +14.4% | +4.1% | +1.7% | +4.8% | +31.4% | +8.6% | - |
| Other income | 5.18 | 2.90 | 1.01 | 1.30 | 0.26 | 0.53 | 1.85 |
| Total expenses | 371 | 320 | 305 | 305 | 294 | 222 | 206 |
| Employee cost | 45.93 | 35.18 | 37.54 | 30.87 | 27.35 | 23.17 | 27.18 |
| EBITDA | 48.32 | 47.10 | 47.80 | 41.79 | 36.64 | 29.61 | 25.95 |
| EBITDA margin | +11.5% | +12.8% | +13.6% | +12.1% | +11.1% | +11.8% | +11.2% |
| Depreciation | 12.21 | 10.77 | 10.25 | 8.75 | 8.88 | 7.89 | 7.92 |
| Interest | 10.15 | 14.30 | 17.16 | 16.26 | 14.45 | 14.09 | 13.74 |
| Profit before tax | 31.14 | 24.93 | 21.40 | 18.08 | 13.57 | 8.16 | 6.14 |
| Tax | 9.27 | 2.32 | 7.86 | 5.89 | 3.99 | 2.48 | 2.59 |
| Net profit | 21.50 | 22.61 | 13.54 | 12.19 | 9.58 | 5.66 | 3.55 |
| Net profit margin | +5.1% | +6.2% | +3.8% | +3.5% | +2.9% | +2.3% | +1.5% |
| EPS (₹) | 4.55 | 4.71 | 3.61 | 6.48 | 5.10 | 6.05 | 3.78 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 48.05 | 48.05 | 37.55 | 18.78 | 18.78 | 9.39 | 9.39 |
| Reserves & surplus | 490 | 467 | 253 | 259 | 246 | 248 | 242 |
| Shareholders' funds (net worth) | 538 | 515 | 302 | 277 | 265 | 257 | 251 |
| Secured loans | 69.94 | 79.23 | 166 | 166 | 160 | 129 | 108 |
| Unsecured loans | 16.27 | 17.57 | 3.41 | 4.52 | 15.29 | 31.45 | 25.09 |
| Total debt | 86.21 | 96.80 | 169 | 170 | 175 | 160 | 133 |
| Total liabilities | - | - | 475 | 452 | 444 | 421 | 389 |
| Assets | |||||||
| Gross block | 328 | 319 | 296 | 293 | 272 | 253 | 234 |
| Net block | 210 | 213 | 201 | 206 | 194 | 183 | 171 |
| Capital work in progress | 29.45 | 9.18 | 5.11 | 8.06 | 19.52 | 14.41 | 17.99 |
| Investments | 65.25 | 65.17 | 20.15 | 20.09 | 18.07 | 17.05 | 17.05 |
| Inventories | 179 | 173 | 165 | 163 | 164 | 141 | 128 |
| Sundry debtors | 118 | 108 | 104 | 74.38 | 72.01 | 73.36 | 68.00 |
| Cash & bank balances | 59.15 | 72.75 | 12.85 | 2.27 | 1.60 | 2.53 | 2.35 |
| Loans & advances | 15.60 | 12.46 | 8.09 | 11.46 | 21.30 | 20.69 | 5.80 |
| Total current assets | 372 | 366 | 290 | 251 | 258 | 238 | 205 |
| Total current liabilities | 40.87 | 40.82 | 45.82 | 43.58 | 57.01 | 41.65 | 36.63 |
| Net working capital | 331 | 325 | 244 | 207 | 201 | 196 | 168 |
| Total assets | 634 | 620 | 475 | 452 | 444 | 421 | 389 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 45.85 | 11.66 | 0.40 | 0.57 | (17,770) | 2.35 | 2.49 |
| Net cash from operating activities | 31.27 | 25.88 | 21.02 | 31.69 | 25.43 | 7.27 | 36.97 |
| Net cash from investing activities | (0.24) | (95.85) | (2.14) | (10.87) | 17,744 | (15.79) | (17.54) |
| Net cash from financing activities | (20.74) | 104 | (7.63) | (20.99) | 0.62 | 8.70 | (19.58) |
| Net change in cash | 10.29 | 34.20 | 11.25 | (0.17) | 17,770 | 0.18 | (0.14) |
| Closing cash | 59.15 | 72.75 | 12.85 | 2.27 | 1.60 | 2.53 | 2.35 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +14.4% | +4.1% | +1.7% | +4.8% | +31.4% | +8.6% | - |
| EBITDA growth | +2.6% | -1.5% | +14.4% | +14.1% | +23.7% | +14.1% | - |
| PBT growth | +24.9% | +16.5% | +18.4% | +33.2% | +66.3% | +32.9% | +9997.0% |
| Net income growth | -4.9% | +67.0% | +11.1% | +27.2% | +69.3% | +59.4% | - |
| Revenue CAGR (3Y) | +6.6% | +3.5% | +11.9% | +14.4% | - | - | - |
| EBITDA CAGR (3Y) | +5.0% | +8.7% | +17.3% | +17.2% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +5.2% | +6.2% | +3.8% | +3.5% | +2.9% | +2.3% | +1.5% |
| Return on capital employed | +6.6% | +7.2% | +8.3% | +7.7% | +6.5% | +5.5% | +5.5% |
| Return on net worth | +4.2% | +5.5% | +4.7% | +4.5% | +3.7% | +2.2% | +1.6% |
| Debt / equity | 0.17 | 0.33 | 0.59 | 0.64 | 0.64 | 0.58 | 0.63 |
| Long-term debt / equity | 0.02 | 0.05 | 0.11 | 0.16 | -21,358.47 | -21,939.80 | 0.08 |
| Interest cover | 28.11 | 39.36 | 45.70 | 49.21 | 52.05 | 64.87 | 76.21 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.30 | 1.19 | 1.20 | 1.23 | 1.26 | 1.03 | 1.23 |
| Inventory turnover | 2.38 | 2.17 | 2.15 | 2.12 | 2.17 | 1.87 | 1.80 |
| Debtors turnover | 3.72 | 3.46 | 3.94 | 4.74 | 4.55 | 3.56 | 2.81 |
| EPS (₹) | 4.55 | 4.71 | 3.61 | 6.48 | 5.10 | 6.05 | 3.78 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 111.91 | 107.27 | 77.49 | 147.77 | 141.18 | 273.68 | 267.63 |
To see the full year-wise statements and ratios of Indo Farm Equipment Limited, buy the company report.
Board of directors of Indo Farm Equipment Limited
Indo Farm Equipment has 6 current directors and 27 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anshul Khadwalia Also directs: Futuristic Mining and Construction Solutions LLP, TVC Ratings Limited, Barota Finance Limited and 1 more | Whole-Time Director | 14 Aug 2023 | 3 Years 2 Months | Current |
| Arshdeep Kaur Also directs: Syschem (India) Limited, Spray Engineering Devices Limited, Leeford Healthcare Limited and 1 more | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Ranbir Singh Khadwalia Also directs: K & A Developers & Infrastructures LLP, Futuristic Mining and Construction Solutions LLP, Indo Farm Industries Limited and 2 more | Managing Director | 01 Jul 2003 | 23 Years 4 Months | Current |
| Amit Kumar | Whole-Time Director | 12 Nov 2025 | 0 Years 11 Months | Current |
| Babita Dosajh | Director | 12 Sep 2023 | 3 Years 1 Months | Current |
| Brij Kishore Mahindroo Also directs: Barota Finance Limited | Director | 14 Aug 2023 | 3 Years 2 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2026 | 101279695 | Hdfc Bank Limited | ₹75.9 Lakh | Open | |
| 15 Feb 2025 | 101056693 | Others | ₹50 Cr | Open | |
| 11 Feb 2025 | 101056694 | Axis Bank Limited | ₹2.62 Cr | Open | |
| 31 Jan 2024 | 100886609 | Hdfc Bank Limited | ₹1.3 Cr | Open | |
| 21 Oct 2023 | 100823399 | Hdfc Bank Limited | ₹24.92 Lakh | Open |
To see the full charge records of Indo Farm Equipment Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Indo Farm Equipment Limited has 19 deals on record (10 market trades, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.15 Cr; the latest was in July 2026.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Market trade | ₹22.4 Cr | Buyer: NK Securities Research Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited Seller: NK Securities Research Private Limited , Qe Securities LLP , Junomoneta Finsol Private Limited |
| Oct 2025 | Market trade | ₹32.87 Cr | Buyer: Mathisys Quantcap LLP , Graviton Research Capital LLP , Hrti Private Limited Seller: Mathisys Quantcap LLP , Graviton Research Capital LLP , Hrti Private Limited |
| Sep 2025 | Market trade | ₹13.2 Cr | Buyer: Mathisys Quantcap LLP , Hrti Private Limited Seller: Hrti Private Limited , Mathisys Quantcap LLP |
| Aug 2025 | Market trade | ₹15.93 Cr | Buyer: Graviton Research Capital LLP , Qe Securities LLP Seller: Graviton Research Capital LLP , Qe Securities LLP |
| Aug 2025 | Market trade | ₹5.84 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
To see the full deal history of Indo Farm Equipment Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Indo Farm Equipment Limited has 276 court cases on record: 181 filed by Indo Farm Equipment, 96 filed against it. 55 cases are pending and 221 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 214 | 65 | 44 |
| High courts | 57 | 29 | 10 |
| Supreme Court | 4 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 276)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Filed by the company against M/S Axles India and Others | Pending |
| District court, Panchkula, Haryana | Civil miscellaneous application | Filed by the company against M/S Axles India Through Partner Ashish Kanotra | Pending |
| District court, Chandigarh | Arbitration matter | Filed by the company against M/S Garvit Distributors Pvt Ltd | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Action Safetywears Private Ltd and 3 others | Pending |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against Kustomind Design Pvt Ltd and 2 others | Pending |
To see the full case history of Indo Farm Equipment Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indo Farm Equipment Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indo Farm Equipment has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAACW1982A2ZQ | Chandigarh | Active | 24 Apr 2018 |
| 02AAACW1982A1ZV | Himachal Pradesh | Active | 01 Jul 2017 |
| 10AAACW1982A1ZY | Bihar | Active | 01 Jul 2017 |
| 19AAACW1982A1ZG | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indo Farm Equipment Limited, buy the company report.
Recent activity
Indo Farm Equipment Limited has 34 board changes on record since 2003: 8 appointments and 26 cessations. The latest: Amit Kumar was appointed as Whole-Time Director on 12 Nov 2025.
127 earlier events are in the company report.
News
Frequently asked questions
Indo Farm Equipment is an active public limited company based in Chandigarh, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 05 October 1994 (32+ years old) and is registered under CIN L29219CH1994PLC015132. Listed on BSE: 544328 and NSE: INDOFARM.
Indo Farm Equipment reported revenue of ₹440.02 Cr for FY 2025-26 (up 13.6% YoY) based on consolidated financials.
Indo Farm Equipment has 6 current directors:
- Ranbir Singh Khadwalia - Managing Director
- Anshul Khadwalia - Whole-Time Director
- Amit Kumar - Whole-Time Director
- Arshdeep Kaur - Director
- Babita Dosajh - Director
- Brij Kishore Mahindroo - Director
The latest financial statements of Indo Farm Equipment on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Indo Farm Equipment is 04AAACW1982A2ZQ, registered in Chandigarh. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 02AAACW1982A1ZV (Himachal Pradesh), 10AAACW1982A1ZY (Bihar), 19AAACW1982A1ZG (West Bengal).
The CIN (Corporate Identification Number) of Indo Farm Equipment is L29219CH1994PLC015132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indo Farm Equipment is a listed company as per MCA records. Its shares are listed on both BSE (code: 544328) and NSE (symbol: INDOFARM).
Indo Farm Equipment has 276 court cases on record: 181 filed by the company and 96 filed against it. 55 are pending. Most are in the district courts.
Indo Farm Equipment was incorporated on 05 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
Indo Farm Equipment has 19 deals on record (10 market trades, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹35.15 Cr; the latest was in July 2026.

