Indo Farm Equipment Limited — Investor Meet, 29-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Indo Farm reported Q4 revenue up 2.73% YoY, with FY26 revenue growing 14.39% to ₹419.54 Cr. The tractor segment surged 42.85% in FY26, while crane revenue saw a 3% FY26 decline due to new emission norms and input costs, which are now being passed on.

For FY27, the company targets 20-25% overall revenue growth with an operating EBITDA of around 12.5%. The new Bhud plant for pick-and-carry and tower cranes is set for commercial production in Q2 FY27, aiming for 70-80% utilization by FY29-30. Management is confident in expanding market share and expects working capital days to improve to under 200 by FY28-29. Export orders are also increasing.