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Earnings Call

Indo Farm Equipment Earnings Call: Key Takeaways

Indo Farm reports FY26 revenue of ₹419.5cr (14.4% YoY) with EBITDA at ₹53.5cr. Management focused on capacity expansion and new product launches like tower cranes.

Why this was an Alfa AlertNot a filter event. FY27 revenue guidance of 20-25% does not meet the >50% growth threshold.
Highlights
Revenue growthFY26: 14.39% YoY. FY27 Guidance: 20-25%.
MarginsFY27 EBITDA margin expected at ~12.5% due to new plant setup.
Order bookSingle-digit tower crane orders; corporate orders like NTPC (60-90 days).
Demand visibilityStrong domestic demand; tower crane market has limited competition.
Management confidenceHigh; confident in achieving 25% average growth via capacity unlock.

Growth

FY26 tractor revenue grew 42.8% to ₹201cr, while crane revenue saw a marginal 3% decline due to emission norm shifts.

Outlook

FY27 revenue growth guided at 20-25%; ₹70cr+ capex for new crane facility; target working capital reduction to <200 days.

Risks

New emission norms (Term III to V) causing demand delays; geopolitical issues impacting exports to Nepal/Myanmar.

Source

Earnings Call filed with NSE, NSE: INDOFARM. Summary written with AI assistance from the document.

Read the document ↗

Indo Farm Equipment Ltd: key numbers

Share price
₹138.16
Market cap
₹663.9 Cr
Revenue (annual)
₹440.0 Cr
Net profit (annual)
₹24.69 Cr
P/E (TTM)
26.6×Sector 33.6×
Promoter holding
70.63%+0.17% QoQ
FII holding
0.08%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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