Indo Farm Equipment Share Price Target Tomorrow, 2025, 2030, 2035, 2040: Indo Farm Equipment Limited is a leading Indian manufacturer of agricultural and construction equipment. Known for its durable and efficient products, the company is committed to empowering farmers and builders by providing reliable and innovative machinery at affordable prices. As of February 20, 2025, the Indo Farm Equipment share price on the NSE is ₹191. Below are the projected Indo Farm Equipment share price target for the years 2025, 2026, 2027, 2030, 2035 And 2040.
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Indo Farm Equipment Company Overview
Established in 1994 and headquartered in Himachal Pradesh, Indo Farm specializes in the production of tractors, cranes, combine harvesters, and engines. The company serves a wide range of customers, from small-scale farmers to large construction firms, catering to the diverse needs of agriculture and infrastructure development.
Indo Farm tractors are known for their robust performance and versatility, making them suitable for various farming tasks.
Trade Name | Indo Farm |
Company Type | Private |
Traded As | BSE: 544328 NSE: INDOFARM |
ISIN | INZ000315837 |
Industry | Automobile Tractors |
Founded | 1994; 30 years ago |
Founder | R.S. Khadwalia |
Headquarters | Baddi, Solan District, Himachal Pradesh, India |
Key People | R.S. Khadwalia (Chairman & MD) Arshdeep Kaur (Non-Executive Director) Brij Kishore Mahindroo (Non-ED) |
Area Served | India |
Revenue | ₹360 crore (2024) |
Operating Income | ₹63 crore (2024) |
Net Income | ₹16 crore (2024) |
Total Assets | ₹648 crore (2024) |
Number of Employees | 417 (2024) |
Website | www.indofarm.in |
Indo Farm Equipment Share Price Target For 2025
Indo Farm Equipment shows strong growth potential, backed by its robust market presence and continuous innovation in the agricultural equipment sector. As the company advances in digital transformation and sustainable practices, it holds attractive opportunities for long-term investors. For 2025, the share price is projected to reach ₹350 (1st Target) and ₹450 (2nd Target), highlighting its strong position in the industry and consistent performance.
Year | 1st Target | 2nd Target |
2025 | ₹350 | ₹450 |
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Indo Farm Equipment Share Price Target For 2026
By 2026, Indo Farm Equipment is expected to continue its upward trajectory, supported by its focus on innovation, expanding market reach, and sustainability initiatives. With increasing demand for agricultural equipment and enhanced product offerings, the share price is predicted to reach ₹550 (1st Target) and ₹700 (2nd Target), reflecting strong investor confidence in its growth strategy and business fundamentals.
Year | 1st Target | 2nd Target |
2026 | 550 | 700 |
Indo Farm Equipment Share Price Target For 2027
In 2027, Indo Farm Equipment strong market leadership and commitment to growth are likely to drive further gains. With a focus on product innovation and digital transformation, the share price is anticipated to reach ₹800 (1st Target) and ₹950 (2nd Target). These targets reflect the company’s ability to adapt to evolving industry trends and cater to the growing needs of its customers.
Year | 1st Target | 2nd Target |
2027 | ₹800 | ₹950 |
Indo Farm Equipment Share Price Target For 2028
By 2028, Indo Farm Equipment is projected to sustain its growth momentum, leveraging its strong brand portfolio and innovative strategies. The share price is expected to touch ₹1,100 (1st Target) and ₹1,250 (2nd Target), demonstrating its capacity to deliver consistent value to investors through expansion and improved market penetration.
Year | 1st Target | 2nd Target |
2028 | ₹1100 | ₹1250 |
Indo Farm Equipment Share Price Target For 2029
In 2029, Indo Farm Equipment is forecasted to experience substantial growth, driven by its market leadership and focus on innovation and sustainability. With increasing demand for high-quality agricultural equipment, the share price is expected to rise to ₹1,450 (1st Target) and ₹1,600 (2nd Target), highlighting its strong fundamentals and positive growth outlook.
Year | 1st Target | 2nd Target |
2029 | ₹1450 | ₹1600 |
Indo Farm Equipment Share Price Target For 2030
By 2030, Indo Farm Equipment is poised for steady growth, supported by its commitment to innovation, expanding market presence, and a robust product pipeline. The share price is expected to reach ₹1,800 (1st Target) and ₹2,050 (2nd Target), driven by increasing demand from both domestic and international markets.
Year | 1st Target | 2nd Target |
2030 | ₹1800 | ₹2050 |
Indo Farm Equipment Share Price Target For 2035
Fast-forward to 2035, Indo Farm Equipment is expected to achieve significant milestones, backed by its strong brand portfolio and consistent efforts in innovation and sustainability. The share price is projected to hit ₹2,900 (1st Target) and ₹3,800 (2nd Target), reflecting its continuous success in capturing market opportunities and delivering value to its stakeholders.
Year | 1st Target | 2nd Target |
2035 | ₹2900 | ₹3800 |
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Indo Farm Equipment Share Price Target For 2040
By 2040, Indo Farm Equipment is anticipated to emerge as a market leader, driven by its strategic investments in sustainability, digital transformation, and e-commerce expansion. The share price is forecasted to reach ₹5,000 (1st Target) and ₹6,250 (2nd Target), showcasing its potential to dominate the agricultural equipment industry and deliver robust returns for long-term investors.
Year | 1st Target | 2nd Target |
2040 | ₹5000 | ₹6250 |
Indo Farm Equipment Share Price Target Forecast From 2025 To 2040
Year | Year High Target (₹) | Year Low Target (₹) |
2025 | ₹450 | ₹180 |
2026 | ₹700 | ₹350 |
2027 | ₹950 | ₹600 |
2028 | ₹1250 | ₹750 |
2029 | ₹1600 | ₹1050 |
2030 | ₹2050 | ₹1400 |
2035 | ₹3800 | ₹1700 |
2040 | ₹6250 | ₹3250 |
Indo Farm Equipment Limited Peers
Sector: Automobile | Industry: Automobiles – Tractors | ||||
Name | P/E | Mar Cap ₹Cr. | Div Yld% | NP Qtr ₹Cr. | ROCE% |
Escorts Kubota | 32.37 | 37627.26 | 0.54 | 324.22 | 16.08 |
VST Till. Tract. | 35.47 | 4249.39 | 0.41 | 44.93 | 17.59 |
Indo Farm Equip. | 62.16 | 1033.11 | 2.45 | 9.22 |
Indo Farm Equipment Limited Financial Results
Value In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
Sales | 244 | 320 | 356 | 360 |
Expenses | 203 | 266 | 297 | 297 |
Operating Profit | 41 | 54 | 59 | 63 |
OPM % | 17% | 17% | 17% | 18% |
Other Income | 0 | -2 | -0 | -1 |
Interest | 21 | 24 | 28 | 28 |
Depreciation | 8 | 9 | 9 | 10 |
Profit before tax | 12 | 19 | 22 | 24 |
Tax % | 29% | 29% | 31% | 35% |
Net Profit | 8 | 14 | 15 | 16 |
EPS in Rs | 9.04 | 7.31 | 8.19 | 4.15 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Indo Farm Equipment Limited Balance Sheet
Value In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
Equity Capital | 9 | 19 | 19 | 38 |
Reserves | 252 | 256 | 272 | 280 |
Borrowings | 235 | 275 | 281 | 272 |
Other Liabilities | 55 | 70 | 52 | 59 |
Total Liabilities | 551 | 620 | 623 | 648 |
Fixed Assets | 184 | 194 | 206 | 202 |
CWIP | 14 | 20 | 8 | 5 |
Investments | 0 | 1 | 0 | 0 |
Other Assets | 353 | 405 | 408 | 441 |
Total Assets | 551 | 620 | 623 | 648 |
Indo Farm Equipment Limited Shareholding Pattern
Dec 2024 | Jan 2025 | |
Promoters | 93.45% | 69.44% |
FIIs | 0.00% | 0.00% |
DIIs | 0.00% | 0.00% |
Public | 6.55% | 30.56% |
FAQs
Q.1. What is the share price target for Indo Farm Equipment in 2025?
Ans: Indo Farm Equipment demonstrates strong growth potential, driven by its robust market presence and innovative strategies. As the company advances in digital transformation and sustainable practices, it offers attractive opportunities for investors. For 2025, the projected share price targets are ₹350 (1st Target) and ₹450 (2nd Target), reflecting its consistent progress in expanding its market reach.
Q.2. What are the projected share price targets for Indo Farm Equipment in 2026?
Ans: By 2026, Indo Farm Equipment is expected to sustain its upward trajectory, supported by a focus on innovation, digital expansion, and sustainability initiatives. The share price is projected to reach ₹550 (1st Target) and ₹700 (2nd Target), driven by its commitment to delivering value and maintaining a competitive edge.
Q.3. What is the anticipated share price for Indo Farm Equipment in 2027?
Ans: In 2027, Indo Farm Equipment’s strong market leadership and innovative strategies are likely to fuel its growth. The share price is anticipated to achieve ₹800 (1st Target) and ₹950 (2nd Target), underscoring its continued success in capitalizing on growth opportunities in its sector.
Q.4. What are the share price targets for Indo Farm Equipment in 2028?
Ans: By 2028, Indo Farm Equipment is expected to maintain its growth momentum, propelled by its strong brand portfolio and market expansion. The share price targets are forecasted at ₹1,100 (1st Target) and ₹1,250 (2nd Target), reflecting its potential for consistent expansion and value creation.
Q.5. What is the forecast for Indo Farm Equipment share price in 2029?
Ans: In 2029, Indo Farm Equipment is projected to achieve substantial growth, thanks to its market leadership, focus on innovation, and sustainability practices. The share price is estimated to reach ₹1,450 (1st Target) and ₹1,600 (2nd Target), highlighting its ability to capture market opportunities and sustain growth.
Q.6. What are the share price targets for Indo Farm Equipment in 2030?
Ans: By 2030, Indo Farm Equipment is poised to benefit from increasing demand in both urban and rural markets, along with its commitment to innovation. The share price is expected to reach ₹1,800 (1st Target) and ₹2,050 (2nd Target), showcasing its solid growth trajectory and strong fundamentals.
Q.7. What are the long-term share price targets for Indo Farm Equipment in 2035?
Ans: By 2035, Indo Farm Equipment is anticipated to reach new heights as it continues to innovate and expand its market presence. The share price is projected to hit ₹2,900 (1st Target) and ₹3,800 (2nd Target), reflecting its leadership in the market and long-term growth potential.
Q.8. What is the share price target for Indo Farm Equipment in 2040?
Ans: Looking ahead to 2040, Indo Farm Equipment is expected to cement its position as a leader in its industry. The share price could climb to ₹5,000 (1st Target) and ₹6,250 (2nd Target), driven by its focus on sustainable growth, digital transformation, and adapting to evolving consumer trends.
Q.9. Who is the current CEO of Indo Farm Equipment?
Ans: As of the latest available information, Mr. Ranbir Singh Khadwalia serves as the Chief Executive Officer (CEO) and Chief Managing Director (CMD) of Indo Farm Equipment Limited.
Q.10. How can I contact Indo Farm Equipment customer service?
Ans: Customer Care: Tractor Enquiries: +91-78329-25001, Crane Enquiries: +91-78329-25002, General Queries: +91-78329-25003 / +91-78329-25004, Email: [email protected]
Head Office & Plant: Address: Export Promotion Industrial Park, Phase-II, Baddi-173 205, District Solan, Himachal Pradesh, India, Fax: +91-1795-274308 / +91-1795-274309
Registered Office: Address: SCO 859, NAC Manimajra, Chandigarh-Kalka Road, Chandigarh – 160101

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