INDOFARM
Indo Farm Equipment Limited manufactures and sells agricultural, industrial, and construction equipment in India. The company operates through the Tractor, Crane, NBFC, and Others segments. It offers tractors, rotary tillers, and harvesters, as well as hydraulic pick and carry cranes and mobile tower cranes. The company also provides financing for new tractors and refinancing for pre-owned tracto… Read more
INDOFARM (INDOFARM) - Net Assets
Latest net assets as of September 2025: ₹5.42 Billion INR
Based on the latest financial reports, INDOFARM (INDOFARM) has net assets worth ₹5.42 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹7.85 Billion) and total liabilities (₹2.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹5.42 Billion |
| % of Total Assets | 69.04% |
| Annual Growth Rate | 24.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.39 |
INDOFARM - Net Assets Trend (2022–2025)
This chart illustrates how INDOFARM's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for INDOFARM (2022–2025)
The table below shows the annual net assets of INDOFARM from 2022 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹5.31 Billion | +67.58% |
| 2024-03-31 | ₹3.17 Billion | +9.19% |
| 2023-03-31 | ₹2.90 Billion | +5.67% |
| 2022-03-31 | ₹2.75 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to INDOFARM's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 26.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹2.50 Billion | 46.97% |
| Common Stock | ₹480.52 Million | 9.04% |
| Other Components | ₹2.34 Billion | 43.98% |
| Total Equity | ₹5.31 Billion | 100.00% |
INDOFARM Competitors by Market Cap
The table below lists competitors of INDOFARM ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bear Creek Mining Corporation
OTCQX:BCEKF
|
$19.47 Million |
|
Elinoil Hellenic Petroleum Company S.A
AT:ELIN
|
$19.47 Million |
|
Elektroimportoren As
OL:ELIMP
|
$19.48 Million |
|
WIIK Public Company Limited
BK:WIIK
|
$19.48 Million |
|
Grand Ocean Retail Group Ltd
TW:5907
|
$19.46 Million |
|
Redbubble Limited
PINK:RDBBF
|
$19.46 Million |
|
Pintec Technology Holdings Ltd
NASDAQ:PT
|
$19.46 Million |
|
Consolidated Finvest & Holdings Limited
NSE:CONSOFINVT
|
$19.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in INDOFARM's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,170,624,000 to 5,313,471,000, a change of 2,142,847,000 (67.6%).
- Net income of 235,468,000 contributed positively to equity growth.
- New share issuances of 2,018,384,000 increased equity.
- Other factors decreased equity by 111,005,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹235.47 Million | +4.43% |
| Share Issuances | ₹2.02 Billion | +37.99% |
| Other Changes | ₹-111.00 Million | -2.09% |
| Total Change | ₹- | 67.58% |
Book Value vs Market Value Analysis
This analysis compares INDOFARM's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.20x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-03-31 | ₹57.19 | ₹125.88 | x |
| 2023-03-31 | ₹60.43 | ₹125.88 | x |
| 2024-03-31 | ₹65.98 | ₹125.88 | x |
| 2025-03-31 | ₹128.66 | ₹125.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently INDOFARM utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.43x
- Recent ROE (4.43%) is below the historical average (4.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 4.99% | 3.90% | 0.57x | 2.26x | ₹-137.61 Million |
| 2023 | 5.29% | 4.15% | 0.59x | 2.14x | ₹-136.65 Million |
| 2024 | 4.86% | 4.11% | 0.58x | 2.04x | ₹-163.03 Million |
| 2025 | 4.43% | 6.09% | 0.51x | 1.43x | ₹-295.88 Million |
Industry Comparison
This section compares INDOFARM's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $15,697,648,814
- Average return on equity (ROE) among peers: 1.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| INDOFARM (INDOFARM) | ₹5.42 Billion | 4.99% | 0.45x | $19.46 Million |
| Action Construction Equipment Limited (ACE) | $1.59 Billion | 13.99% | 0.80x | $354.83 Million |
| AJAXENGG (AJAXENGG) | $7.14 Billion | 19.04% | 0.35x | $188.12 Million |
| Ashok Leyland Limited (ASHOKLEY) | $158.45 Billion | 19.61% | 4.16x | $6.67 Billion |
| BAJAJINDEF (BAJAJINDEF) | $-432.00K | 0.00% | 0.00x | $28.89 Million |
| Debock Industries Limited (DIL) | $4.44 Million | 5.54% | 23.39x | $1.74 Million |
| Eimco Elecon (India) Limited (EIMCOELECO) | $898.34 Million | 9.17% | 0.80x | $49.44 Million |
| Escorts Kubota Limited (ESCORTS) | $5.61 Billion | -58.19% | 2.89x | $1.09 Billion |
| HMT Limited (HMT) | $-32.84 Billion | 0.00% | 0.00x | $54.97 Million |
| Mahindra EPC Irrigation Limited (MAHEPC) | $430.08 Million | 2.21% | 1.09x | $15.84 Million |