Indo Farm Equipment (NSE:INDOFARM) Has A Pretty Healthy Balance Sheet
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Indian (NIFTY) Agricultural Machinery Industry Analysis
UpdatedSep 30, 2025
DataAggregated Company Financials
Companies16
- 7D-5.3%
- 3M5.4%
- 1Y-12.3%
- YTDn/a
Over the last 7 days, the Agricultural Machinery industry has dropped 4.1%, driven by Escorts Kubota declining 5.3%. In contrast, Polysil Irrigation Systems has gained 10%. Overall the industry is down 12% in 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Indian Agricultural Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Sep 2025 | ₹603.6b | ₹230.1b | ₹18.4b | 28.5x | 32.8x | 2.6x |
| Thu, 28 Aug 2025 | ₹602.6b | ₹230.1b | ₹18.4b | 26.1x | 32.8x | 2.6x |
| Sat, 26 Jul 2025 | ₹585.4b | ₹228.5b | ₹16.9b | 29.6x | 34.6x | 2.6x |
| Mon, 23 Jun 2025 | ₹554.2b | ₹227.6b | ₹16.8b | 28.2x | 33x | 2.4x |
| Wed, 21 May 2025 | ₹581.4b | ₹227.5b | ₹16.8b | 29.5x | 34.5x | 2.6x |
| Fri, 18 Apr 2025 | ₹539.8b | ₹216.2b | ₹17.7b | 21.6x | 30.4x | 2.5x |
| Sun, 16 Mar 2025 | ₹483.5b | ₹215.0b | ₹17.6b | 22.2x | 27.4x | 2.2x |
| Tue, 11 Feb 2025 | ₹548.8b | ₹211.5b | ₹17.5b | 24.4x | 31.3x | 2.6x |
| Thu, 09 Jan 2025 | ₹553.0b | ₹193.9b | ₹16.8b | 24.7x | 32.9x | 2.9x |
| Sat, 07 Dec 2024 | ₹560.9b | ₹190.3b | ₹16.6b | 27x | 33.9x | 2.9x |
| Mon, 04 Nov 2024 | ₹581.7b | ₹189.5b | ₹15.3b | 27.1x | 38x | 3.1x |
| Wed, 02 Oct 2024 | ₹628.6b | ₹190.6b | ₹15.3b | 32.2x | 41x | 3.3x |
| Fri, 30 Aug 2024 | ₹584.9b | ₹190.2b | ₹15.3b | 30x | 38.1x | 3.1x |
| Sun, 28 Jul 2024 | ₹619.6b | ₹193.9b | ₹15.8b | 30.8x | 39.3x | 3.2x |
| Tue, 25 Jun 2024 | ₹635.8b | ₹193.7b | ₹15.7b | 29.6x | 40.4x | 3.3x |
| Thu, 23 May 2024 | ₹563.1b | ₹193.6b | ₹15.8b | 26.9x | 35.6x | 2.9x |
| Sat, 20 Apr 2024 | ₹466.3b | ₹195.5b | ₹14.1b | 24.1x | 33.1x | 2.4x |
| Mon, 18 Mar 2024 | ₹421.1b | ₹194.7b | ₹14.0b | 26.9x | 30.1x | 2.2x |
| Wed, 14 Feb 2024 | ₹437.2b | ₹194.5b | ₹14.0b | 28.4x | 31.1x | 2.2x |
| Fri, 12 Jan 2024 | ₹450.4b | ₹196.2b | ₹13.1b | 26.6x | 34.4x | 2.3x |
| Sun, 10 Dec 2023 | ₹487.6b | ₹196.2b | ₹13.1b | 26.5x | 37.2x | 2.5x |
| Tue, 07 Nov 2023 | ₹468.2b | ₹193.0b | ₹12.9b | 32.1x | 36.4x | 2.4x |
| Thu, 05 Oct 2023 | ₹481.8b | ₹191.3b | ₹11.6b | 31.2x | 41.5x | 2.5x |
| Sat, 02 Sep 2023 | ₹478.0b | ₹191.2b | ₹11.6b | 35.6x | 41.2x | 2.5x |
| Mon, 31 Jul 2023 | ₹395.7b | ₹185.2b | ₹9.7b | 43.9x | 40.9x | 2.1x |
| Wed, 28 Jun 2023 | ₹349.6b | ₹185.2b | ₹9.7b | 38.1x | 36.2x | 1.9x |
| Fri, 26 May 2023 | ₹322.2b | ₹205.7b | ₹12.3b | 24.7x | 26.2x | 1.6x |
| Sun, 23 Apr 2023 | ₹302.3b | ₹199.3b | ₹11.7b | 24.3x | 25.8x | 1.5x |
| Tue, 21 Mar 2023 | ₹290.2b | ₹199.3b | ₹11.7b | 22.4x | 24.8x | 1.5x |
| Thu, 16 Feb 2023 | ₹306.7b | ₹197.8b | ₹11.4b | 24.3x | 27x | 1.6x |
| Sat, 14 Jan 2023 | ₹317.5b | ₹189.7b | ₹11.1b | 31.3x | 28.6x | 1.7x |
| Mon, 12 Dec 2022 | ₹336.0b | ₹189.7b | ₹11.1b | 28.2x | 30.2x | 1.8x |
| Wed, 09 Nov 2022 | ₹277.4b | ₹177.3b | ₹11.4b | 31.8x | 24.4x | 1.6x |
| Fri, 07 Oct 2022 | ₹295.5b | ₹174.9b | ₹12.2b | 32.2x | 24.3x | 1.7x |
Price to Earnings Ratio
24.3x
Current Industry PE
- Investors are relatively neutral on the Indian Agricultural and Farm Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 33.4x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Agricultural and Farm Machinery industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 9.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Agricultural Machinery compare with similar industries?
| IN Market | -2.93% | |
| Industrials | -3.18% | |
| Machinery | -3.12% | |
| Agricultural Machinery | -5.34% | |
| Construction Machinery and Vehicles | -2.14% | |
| Industrial Machinery | -3.60% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| POLYSIL Polysil Irrigation Systems | ₹250.40 | 10.3% +₹264.8m | 713.0% | PS20.4x | |
| SONAMAC Sona Machinery | ₹76.90 | 3.2% +₹32.3m | -56.7% | PE27.4x | |
| 526711 Adarsh Plant Protect | ₹25.99 | 2.7% +₹6.7m | -14.5% | PS1.5x | |
| 530267 Arigato Universe | ₹42.52 | 2.0% +₹5.2m | -51.7% | PS3.7x |
