Indo Farm Equipment Limited — Investor Meet, 03-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indo Farm posted Q4 revenue of ₹129.97 Cr and full-year revenue of ₹387.19 Cr (consolidated), with Q4 PAT of ₹13.51 Cr and FY PAT of ₹23.55 Cr. They are expanding crane capacity by 3,600 units p.a. via a new facility, aiming 50% utilization by FY27 and targeting ₹40-50 Cr revenue from this plant initially. Tractor capacity is 12,000 units/year with current utilization ~30%, expected to rise with dealer expansion and financing tie-ups. Management aims 30% revenue growth for tractors and cranes in FY26, with PAT margin reaching 8-9% by FY27. The company is entering the tower crane market via technology transfer from a reputed Chinese firm, with production and assembly expected to start by January. Financing book AUM stands at ₹131 Cr, with 25-30% of sales financed through their captive NBFC. They focus on expanding dealer network from 150 to 500 over three years and have ~40% market share in 14-ton cranes. Growth drivers include product differentiation, increasing financing support, and export plans.