Company Financial Rusult In Crore

Concerning the Business

Indo Farm Equipment is a leading producer of top-notch tractors, pick-and-carry cranes, and other cutting-edge farm machinery, such as rotavators, harvester combines, and associated components.

In addition to worldwide markets, the companys products are sold domestically under the brand names Indo Farm and Indo Power. Nepal, Syria, Sudan, Bangladesh, Kenya, Germany, and the United Arab Emirates are all part of Indos exporting network.

In Baddi, Himachal Pradesh, Indo Farm operates a state-of-the-art manufacturing facility spanning 127,840 square meters. This plant can produce 12,000 tractors (16 HP-110 HP) and 720 pick-and-carry cranes, weighing between 9 and 30 tons, annually as of August 31, 2023.

Indo Farm Equipment is the epitome of quality and innovation leading to agricultural and industrial growth everywhere in the world.

Indo Farm Equipment - Strength and Weakness

Strength

1. The business runs 1,27,840 square meter, ISO 9001:2015 certified manufacturing facilities in Baddi, Himachal Pradesh. These facilities include a dedicated machine shop, a captive foundry unit, and fabrication and assembly units for pick-and-carry cranes and tractors.
2. The company has created an internal Non-Banking Financial Company (NBFC) called Barota Finance Limited as a calculated step to strengthen its operations. This subsidiary expands the companys service portfolio by providing tractor financing options to its clients.
3. With an annual production capacity of 3,600 units, the company has successfully entered international markets, exporting its goods to a wide range of nations, including Nepal, Syria, Sudan, Bangladesh, Myanmar, Kuwait, Jordan, Gabon, Chile, Yemen, Uruguay, Ghana, Nigeria, Ethiopia, Mauritius, Afghanistan, Mexico, Kenya, Uganda, UAE, Malaysia, and Germany.

Weakness

1. Sales of pick-carry cranes and tractors account for a sizable amount of the companys income. Because of its strong reliance on certain product lines, the company may suffer negative effects in the case of decreased demand or manufacturing interruptions.
2. The business runs the risk of failing to secure, maintain, or renew the necessary statutory and regulatory licenses, registrations, and permissions to conduct business. The commercial, financial health and operational outcomes of the organisation could all suffer greatly in such a scenario.
3. There are no long-term contracts in place between the corporation and its raw material suppliers. This lack of contractual obligations could result in higher raw material prices or possible shortages, which would make the companys supply chain and cost control more difficult.