Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 19 Sep - Infomerics upgrades Indo Farm’s Rs103.70 crore bank facilities to IVR A/Stable and IVR A1.
Source: Bse
Indo Farm Equipment Limited (INDOFARM)
Small CapIndustrials stocks · Small cap · NSE
Indo Farm Equipment Limited operates in Machinery / Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 01:16 pm ISTDetails
Quote21 Oct, 01:16 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:08 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
30Bearishfull bear SMA stack · SMA20 -2.4% / mo · MACD − · near 52W low
Stock trend: 20
Sector RS: 46
Sector 3M: -7.6% vs Nifty 500 -6.0%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
INDOFARMD candles · FIT view-10.9%TODAY · PROVISIONALLatest price ₹123.35 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-3.8%
RSI
36
MACD hist
-0.64
52W pos
8%
2026-10-21O ₹128.25H ₹130.00L ₹120.95C ₹123.35Vol 63,877 shIntraday candle
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
INDOFARMNifty India ManufacturingNifty 500
- INDOFARM
- -18.4%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -12.8 pp
Chart stats
19 Oct 2026- From 52W high
- -52.8%
- 52W range position
- 11%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.55x
- Avg traded value
- ₹1.6 Cr
- 20D price channel
- ₹126.4 - ₹146
₹271.7
₹110.7 - ₹271.7
₹5.5
Latest completed session
20-session average
40.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE51
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad22
Revenue +14.5% · PAT +4.2% YoY
Technical
Bearish30
Price trend and sector-relative-strength timing.
Valuation
Legacy model+39.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 22/100margin compression · Rev +15% YoY · PAT +4% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹110.2 Cr | +14.5% | -17.7% |
| EBITDA | ₹14.5 Cr | +9.8% | -22.3% |
| Operating margin | 13.1% | -56 bps | -78 bps |
| PAT | ₹5.7 Cr | +4.2% | -35.1% |
| PAT margin | 5.1% | -51 bps | -138 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 24.90
- P/B
- 1.11
- EV/EBITDA
- 10.71
- Market Cap
- 621.00Cr
Profitability
- ROE
- 4.82%
- ROCE
- 7.70%
- ROA
- 3.25%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 11.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- 17.00%
Balance Sheet
- Debt/Equity
- 0.27
- Interest Coverage
- 3.47×
- Altman Z
- 3.77
- Book Value
- 116.00
Cash Flow
- FCF Yield
- 8.86%
- FCF Positive Y
- 4/5
- OCF
- 30.00 Cr
- EPS TTM
- 5.19
Shareholding
- Promoter Hold
- 70.62%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 418+13.6% vs prev
Net Profit
₹ CrLatest: 25.0+4.2% vs prev
Return on Equity
%Latest: 4.5-0.4% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 36.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.2% over last month) — short-term momentum negative.
- RSI(14) at 36 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 54% off 52W high · 11% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 1 Base / Transition
1M return
-6.3%
3M return
-18.4%
6M return
-13.9%
1Y return
-46.4%
RS 1D
0
RS 20D
-9
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is 8.5% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.3% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 58.61-1.26%
RS vs Nifty 50059
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation11/30
Growth16/25
Quality0/20
Balance Sheet10/15
Cash Flow8/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
51
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
51/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 8.9%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 39.5%.
Main drags
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 11/30; verify the latest quarterly trend.
- Growth is weaker at 16/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
24.9
PB
1.1
EV/EBITDA
10.7
ROE
4.8%
ROCE
7.7%
FCF Yield
8.9%
Debt/Equity
0.3
MoS
+39.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
51
Previous: 51
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+39.5%
Previous: +37.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
51
51
51
51
51
51
51
51
51
51
51
51
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹116.39
-6.0% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹203.97
+39.5% MoS
PEG
1.14
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RVTH
Small
Revathi Equipment India Limited
Industrial Machinery
match 91
40
14.3
8.6%
+64%
WATCHLIST
MAMATA
Small
Mamata Machinery Limited
Industrial Machinery
match 90
26
89.8
9.6%
-901%
OVERVALUED
NIBL
Small
NRB Industrial Bearings Limited
Industrial Machinery
match 82
13
—
—
—
OVERVALUED
MENONBE
Small
Menon Bearings Limited
Industrial Machinery
match 78
57
36.5
22.3%
+12%
FAIR VALUE
MACPOWER
Small
Macpower CNC Machines Limited
Industrial Machinery
match 76
53
55.2
21.3%
-19%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Indo Farm Equipment Limited operates in Machinery / Equipment, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 79th percentile within Industrials. Main check: financial discipline is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
19 docs text-extracted · 9 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Industrials: 79th pctile, median 68 · Small: 83rd pctile, median 66
Evidence depth
Financial-only
19 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
90
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
40
weak · capital discipline
Results
80
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 70.6%.
- ▸Promoter pledge is zero.
- ▸Promoter holding increased 1.1%.
- ▸FCF yield is 8.5%.
Trust risks
- ▸ROCE is low at 7.4%.
- ▸ROE is low at 4.5%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Indo Farm Equipment Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug - Intimation of Newspaper Publication regarding advertisement of Notice of Annual General Meeting ("AGM") through Video Conference /other Audio-Visual Means facility.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 10 Aug - Submission of copy of Newspaper Advertisement dated 09.08.2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 10 Aug - Monitoring agency report for Q1 FY27 shows no deviation; Rs 6.49 crore spent, Rs 44.67 crore unutilised.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 8 Aug - Board approved Q1 FY27 unaudited results, appointed internal auditor for 2026-29, and called 26th AGM.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 22 May - Submission of copy of Newspaper Advertisement dated May 22, 2026 pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 May - Indo Farm Equipment will host an earnings conference call on May 27, 2026, at 4:00 PM IST.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.