Indo Farm Equipment Share Price Target 2027: Base and Bull Targets Built on FY26 Earnings

Investors weighing an Indo Farm Equipment target price for 2027 should start with where the stock sits today. At Rs 133.99 on 9 October 2026, it is 50.7% below its 52-week high of Rs 271.69 and 21.0% above its 52-week low of Rs 110.70. That range spans 145% from low to high, so the entry point matters as much as the Indo Farm Equipment price forecast itself.

This article builds the Indo Farm Equipment share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario shows its assumptions, so you can see exactly how the Rs 151 base case and the Rs 183 bull case were reached, along with a downside risk level of Rs 108.

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Indo Farm Equipment Stock Analysis: Company Overview and Key Stats

Indo Farm Equipment (NSE: INDOFARM) has a market capitalisation of Rs 648 crore. In FY26 it reported revenue of Rs 446.56 crore and net profit of Rs 24.69 crore. The table collects the figures the Indo Farm Equipment share price target is built on.

Metric	Value
Company	Indo Farm Equipment
NSE Ticker	INDOFARM
CMP (9 October 2026)	Rs 133.99
52-Week High	Rs 271.69
52-Week Low	Rs 110.70
Market Cap	Rs 648 crore
PE Ratio (TTM)	25.98
Industry PE	47.18
Price to Book	1.16
Return on Equity	4.44%
Debt to Equity	0.27
EPS (TTM)	Rs 5.19
Dividend Yield	0.00%
12-Month Base Target	Rs 151
Bull Case	Rs 183
Downside Risk Level (not a target)	Rs 108

Why Is Indo Farm Equipment Share Price Target Set at Rs 151 for 2027?

The base-case Indo Farm Equipment stock target of Rs 151 applies a PE multiple of 25.98 to a forward EPS estimate of Rs 5.81. That EPS assumes 12.0% yearly growth, the pace from FY24 to FY26, and puts the target 12.7% above the current price. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the Indo Farm Equipment Target Price: Five Years of Results

Indo Farm Equipment grew revenue from Rs 352.52 crore in FY22 to Rs 446.56 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew faster, from Rs 13.72 crore to Rs 24.69 crore (15.8% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	352.52	13.72	3.65	0.00
FY23	371.82	15.37	4.09	0.00
FY24	375.95	15.40	4.10	0.00
FY25	389.81	23.55	5.70	0.00
FY26	446.56	24.69	5.14	0.00

FY26 revenue growth was 14.6%, faster than the four-year average of 6.1%, and net profit moved up 4.8%. EPS rose from Rs 4.10 in FY24 to Rs 5.14 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

Indo Farm Equipment converted 5.5% of FY26 revenue into net profit, against 6.0% in FY25, within a five-year range of 3.9% to 6.0%. EBITDA margin was 14.5% in FY26 versus 15.6% in FY25.

In the June 2026 quarter, revenue was Rs 111.29 crore, up 13.5% from the same quarter a year earlier, while net profit of Rs 5.66 crore was up 4.2%. EBITDA came in at Rs 15.51 crore, up 4.0% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.27, and shareholders' equity grew from Rs 274.80 crore in FY22 to Rs 556.48 crore in FY26. Operating cash flow in FY26 was Rs 29.70 crore against capital expenditure of Rs 29.55 crore, leaving free cash flow of Rs 0.15 crore, or 0.0% of the current market capitalisation. In FY25 free cash flow was Rs 26.15 crore.

Valuation Check for the Indo Farm Equipment Stock Target: PE, Price to Book and ROE

At a PE of 25.98 against an industry PE of 47.18, Indo Farm Equipment trades at a discount to its industry. Price to book is 1.16 on a book value of Rs 115.81 per share, and return on equity is 4.44%. A PE of 25.98 equals an earnings yield of 3.8%, and the FY26 dividend of Rs 0.00 per share gives a yield of 0.00%.

Shareholding Pattern and Institutional Holding

Promoters held 70.63% of Indo Farm Equipment in June 2026, and promoter holding rose from 69.44% in June 2025 to 70.63% in June 2026. Foreign institutional investors (FII) held 0.09% and domestic institutions (DII) held 2.52%, which puts total institutional holding at 2.61%. FII holding fell from 0.55% in June 2025 to 0.09% in June 2026. Public shareholders own the remaining 26.77%. Institutional holding this low means the stock sees limited professional coverage, and price moves can be sharper when trading volumes are thin.

Indo Farm Equipment Share Price Targets for the Short Term and 12 Months

Short Term Indo Farm Equipment Stock Target Levels: Technical Setup

At Rs 133.99 on 9 October 2026, Indo Farm Equipment trades below its 50-day simple moving average of Rs 141.79 and below its 200-day exponential moving average of Rs 153.42. The 14-day RSI reads 47.6, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 141.79 (50-day simple moving average) and the nearest support is Rs 110.70 (52-week low). A sustained move above Rs 141.79 would improve the short-term setup, while a close below Rs 110.70 would shift attention to the next support.

12 Month Indo Farm Equipment Target Price for 2027

The 12-month target for Indo Farm Equipment is Rs 151: forward EPS of Rs 5.81 at a PE of 25.98. That is 12.7% above Rs 133.99. It would still leave the stock 44.4% below its 52-week high of Rs 271.69.

How EPS Growth and PE Multiple Change the Indo Farm Equipment Target Price

EPS Growth	PE 20.78	PE 25.98	PE 29.88
0.0% (EPS Rs 5.19)	Rs 108	Rs 135	Rs 155
12.0% (EPS Rs 5.81)	Rs 121	Rs 151	Rs 174
18.0% (EPS Rs 6.12)	Rs 127	Rs 159	Rs 183

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Indo Farm Equipment price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for Indo Farm Equipment Stock Target in 2027

Bull Case Rs 183

The bull case Indo Farm Equipment price target needs EPS growth of 18.0%, which lifts forward EPS to Rs 6.12, and a PE multiple that rises 15% to 29.88. That gives Rs 183, 36.6% above the current price and below the 52-week high of Rs 271.69.

Downside Risk Level Rs 108

The downside risk level is not a target. It assumes EPS stays flat at Rs 5.19 and the PE falls 20% to 20.78. That gives Rs 108, 19.4% below the current price and below the 52-week low of Rs 110.70.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	18.0%	29.88	Rs 183	+36.6%
Base Case	12.0%	25.98	Rs 151	+12.7%
Downside Risk	0.0%	20.78	Rs 108	-19.4%

Key Risks to the Indo Farm Equipment Target Price for 2027

Growth Slowdown Risk for the Indo Farm Equipment Price Target

Revenue in the June 2026 quarter was up 13.5% year on year, and FY26 revenue growth was 14.6%. If growth slows from here, the EPS estimate behind the Indo Farm Equipment stock target will need revising.

Liquidity and Size Risk

Indo Farm Equipment has a market capitalisation of Rs 648 crore. Institutional holding is 2.61%, and promoters hold 70.63%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.

Valuation and Margin Risk

Net margin was 5.5% in FY26, so a small slip in costs moves profit noticeably. At a PE of 25.98 versus an industry PE of 47.18, a de-rating toward the downside-risk PE of 20.78 would cut the price even if earnings hold.

Market and Technical Risk

The stock trades 50.7% below its 52-week high, with an RSI of 47.6 and a MACD reading above its signal line. Broader market weakness can override company fundamentals in the short term.

How to Invest in Indo Farm Equipment

Start with the live price and volume. Any Indo Farm Equipment share price target is only as current as the data behind it, and the data here is as of 9 October 2026, so refresh the Rs 133.99 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check Indo Farm Equipment's PE, ROE, debt and shareholding in one place.

Check Indo Farm Equipment fundamentals on the Univest Screener

Then compare the three Indo Farm Equipment target price scenarios with your own view. If you expect EPS growth below 12.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track Indo Farm Equipment live price and get daily stock recommendations.

Conclusion

The Indo Farm Equipment share price target for 2027 is Rs 151 in the base case, with Rs 183 as the bull case. The support for that view is arithmetic you can check: EPS grew 12.0% a year over FY24 to FY26, and the stock trades at a PE of 25.98. The risks are equally concrete, including institutional holding of only 2.61% and a downside scenario that cuts the price 19% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on Indo Farm Equipment Share Price Target 2027

What is the Indo Farm Equipment share price target for 2027?

Ans. The base-case Indo Farm Equipment share price target for 2027 is Rs 151, with Rs 183 as the bull case. The downside risk level, which is not a target, is Rs 108. These are model estimates from reported earnings and the current PE, not guaranteed outcomes.

What is the Indo Farm Equipment share price today?

Ans. As of 9 October 2026, 3:29 PM IST, Indo Farm Equipment trades at Rs 133.99, down 0.50% on the day. The 52-week range is Rs 110.70 to Rs 271.69.

Is Indo Farm Equipment a buy or sell at the current price?

Ans. The data is mixed rather than one-sided: EPS has grown 12.0% a year over FY24 to FY26, but institutional holding is only 2.61%. Whether Indo Farm Equipment fits your portfolio depends on your time horizon and risk appetite, so consult a SEBI-registered advisor before investing. This article is not investment advice.

What are the bull case target and downside risk level for Indo Farm Equipment shares?

Ans. The bull case target is Rs 183, which assumes 18.0% EPS growth and a PE of 29.88. The downside risk level is Rs 108, which assumes flat EPS and a PE of 20.78. It marks a risk, not a target.

What are the main risks to the Indo Farm Equipment price target?

Ans. The main risks are slower revenue growth, a small market capitalisation of Rs 648 crore, a PE de-rating and short-term weakness in the broader market. Institutional holding is only 2.61%, which can make price moves sharper.

What is the PE ratio of Indo Farm Equipment and how does it compare with the industry?

Ans. The PE ratio of Indo Farm Equipment is 25.98 against an industry PE of 47.18. Price to book is 1.16 and return on equity is 4.44%. The base case in the Indo Farm Equipment price target holds this PE constant.

Who owns Indo Farm Equipment, and what is the promoter holding?

Ans. Promoters held 70.63% of Indo Farm Equipment in June 2026. FII held 0.09%, DII held 2.52% and the public held 26.77%.

What were Indo Farm Equipment's latest quarterly results?

Ans. In the June 2026 quarter, Indo Farm Equipment reported revenue of Rs 111.29 crore (up 13.5% year on year) and net profit of Rs 5.66 crore (up 4.2%).