Indo Farm Equip.

  • Market Cap: Micro Cap
  • Industry: Automobiles
  • ISIN: INE622H01018
  • NSEID: INDOFARM
  • BSEID: 544328
INR
128.73
0.68 (0.53%)
BSENSE

May 25

BSE+NSE Vol: 66.5 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

66.5 k (-2.10%) Volume

Shareholding (Mar 2026)

FII

0.18%

Held by 5 FIIs

DII

3.40%

Held by 0 DIIs

Promoter

70.46%

Who are the top shareholders of the Indo Farm Equip.?

06-Jun-2025

The top shareholders of Indo Farm Equip. include promoter Ranbir Singh Khadwalia with 35.02%, 14 Foreign Institutional Investors holding 0.81%, and the Negen Undiscovered Value Fund as the largest public shareholder at 1.99%. Individual investors own 20.84%, with no pledged promoter holdings or mutual funds involved.

The top shareholders of Indo Farm Equip. include the promoters, with Ranbir Singh Khadwalia holding the highest stake at 35.02%. Additionally, there are 14 Foreign Institutional Investors (FIIs) collectively holding 0.81%. The highest public shareholder is Negen Undiscovered Value Fund, which holds 1.99%. Individual investors account for 20.84% of the shareholding. Notably, there are no pledged promoter holdings and no mutual funds currently involved.

View full answer

What does Indo Farm Equip. do?

06-Jun-2025

Indo Farm Equipment Ltd is a micro-cap company in the automobiles industry, reporting net sales of ₹130 Cr and a net profit of ₹14 Cr for March 2025. Key metrics include a P/E ratio of 34.00 and a market cap of ₹767 Cr.

Overview:<BR>Indo Farm Equipment Ltd operates in the automobiles industry and is categorized as a micro-cap company.<BR><BR>History:<BR>The company was originally incorporated as 'Welcut Tools Private Limited' in 1994 and later changed its name to Welcut Industries Private Limited in 1995. The latest quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 130 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 14 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 767 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 34.00 <BR>Industry P/E: 30 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.05 <BR>Return on Equity: 4.39% <BR>Price to Book: 1.49 <BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A <BR>Email: N/A <BR>Website: N/A

View full answer

Has Indo Farm Equip. declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Indo Farm Equip.?

16-Jul-2025

Indo Farm Equip.'s peers include Landmark Cars, Atul Auto, and Mercury EV-Tech, among others. It has a below-average management risk and growth outlook, with a good capital structure, while its 1-year return is not available for comparison.

Peers: The peers of Indo Farm Equip. are Landmark Cars, Atul Auto, Eraaya Lifespace, Mercury EV-Tech, Popular Vehicles, Hindustan Motors, Brady & Morris, Wardwizard Inno., and Competent Auto.<BR><BR>Quality Snapshot: Excellent management risk is observed at Brady & Morris and Tunwal E-Motors, while Average management risk is found at Landmark Cars, Eraaya Lifespace, Mercury EV-Tech, Popular Vehicles, Hindustan Motors, and Wardwizard Inno., and the rest. Below Average management risk is present at Atul Auto, Indo Farm Equip., Competent Auto, and the rest. For growth, Excellent growth is noted at Mercury EV-Tech and Wardwizard Inno., Good growth is seen at Popular Vehicles and Tunwal E-Motors, while Average growth is found at Brady & Morris, and the rest. Below Average growth is present at Landmark Cars, Atul Auto, Eraaya Lifespace, Indo Farm Equip., Hindustan Motors, Competent Auto, and the rest. In terms of Capital Structure, Good capital structure is noted at Indo Farm Equip., Average capital structure is seen at Brady & Morris and Wardwizard Inno., while Below Average capital structure is found at Landmark Cars, Atul Auto, Eraaya Lifespace, Mercury EV-Tech, Popular Vehicles, Hindustan Motors, and Competent Auto.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Brady & Morris at 46.97%, while the peer with the lowest is Atul Auto at -35.99%. Indo Farm Equip.'s 1-year return is not available for comparison. Additionally, several peers, including Mercury EV-Tech, Popular Vehicles, Hindustan Motors, Wardwizard Inno., and Competent Auto, have negative six-month returns.

View full answer

How big is Indo Farm Equip.?

24-Jul-2025

As of 24th July, Indo Farm Equipment Ltd has a market capitalization of 1,033.00 Cr, with recent net sales of 387.19 Cr and a net profit of 23.54 Cr. The balance sheet for March 2024 shows shareholder's funds of 317.06 Cr and total assets of 647.95 Cr.

As of 24th July, Indo Farm Equipment Ltd has a market capitalization of 1,033.00 Cr and is classified as a Micro Cap company.<BR><BR>For the latest four quarters, the company reported Net Sales of 387.19 Cr and a Net Profit of 23.54 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 317.06 Cr and Total Assets of 647.95 Cr.

View full answer

How has been the historical performance of Indo Farm Equip.?

13-Nov-2025

Indo Farm Equip. has shown steady growth in net sales and profits over the past three years, with net sales reaching 387.19 Cr in March 2025 and profit after tax increasing to 23.55 Cr. The company also experienced growth in total assets and improved cash flow, indicating strong financial performance.

Answer:<BR>The historical performance of Indo Farm Equip. shows a steady growth in net sales and profit over the past three years.<BR><BR>Breakdown:<BR>Indo Farm Equip. reported net sales of 387.19 Cr in March 2025, up from 375.23 Cr in March 2024 and 370.76 Cr in March 2023, indicating a consistent upward trend in revenue. The total operating income mirrored this growth, reaching 387.19 Cr in March 2025. However, the total expenditure also increased to 328.92 Cr in March 2025 from 313.44 Cr in March 2024, primarily driven by higher raw material costs. Operating profit (PBDIT) slightly decreased to 60.89 Cr in March 2025 from 62.51 Cr in March 2024, while profit before tax rose to 26.17 Cr, up from 23.89 Cr the previous year. Profit after tax significantly increased to 23.55 Cr in March 2025, compared to 15.59 Cr in March 2024. The company's total assets grew to 761.89 Cr in March 2025, up from 647.95 Cr in March 2024, reflecting a strong asset base. Additionally, cash flow from operating activities improved to 53.00 Cr in March 2025, contributing to a net cash inflow of 45.00 Cr, showcasing enhanced liquidity. Overall, Indo Farm Equip. has demonstrated robust financial performance with increasing revenues, profits, and asset growth over the years.

View full answer

Is Indo Farm Equip. overvalued or undervalued?

29-Nov-2025

As of November 28, 2025, Indo Farm Equip. is considered overvalued with a PE ratio of 44.68 and an EV to EBITDA ratio of 22.22, despite recent stock performance outperforming the Sensex, indicating a shift from very expensive to expensive valuation grade.

As of 28 November 2025, the valuation grade for Indo Farm Equip. has moved from very expensive to expensive. The company is currently considered overvalued based on its financial ratios. The PE ratio stands at 44.68, while the EV to EBITDA ratio is 22.22, and the ROE is a modest 4.31%. <BR><BR>In comparison to its peers, Indo Farm Equip. has a significantly higher PE ratio than Escorts Kubota, which is at 29.2, and VST Till. Tract., which has a PE of 51.16. The PEG ratio for Indo Farm is notably 0.00, indicating no growth expectations priced into the stock, which further emphasizes its overvaluation in the current market context. Recently, Indo Farm's stock has outperformed the Sensex over the past week, returning 1.64% compared to the Sensex's 0.56%, but this short-term performance does not negate the overall valuation concerns.

View full answer

When is the next results date for Indo Farm Equipment Ltd?

30-Jan-2026

The next results date for Indo Farm Equipment Ltd is February 3, 2026.

The next results date for Indo Farm Equipment Ltd is scheduled for February 3, 2026.

View full answer

Are Indo Farm Equipment Ltd latest results good or bad?

22-May-2026

Indo Farm Equipment Ltd's latest results show a 56.83% quarter-on-quarter net profit increase to ₹8.72 crore and a 26.56% revenue rise, indicating some recovery. However, year-on-year net profit has decreased by 35.46%, and operating margins have contracted, suggesting ongoing operational challenges and a lack of investor confidence.

Indo Farm Equipment Ltd's latest results present a mixed picture. In the fourth quarter of FY26, the company reported a net profit of ₹8.72 crore, which is a significant increase of 56.83% quarter-on-quarter. This improvement is encouraging and indicates some recovery in profitability. Additionally, revenue reached ₹133.99 crore, marking a robust 26.56% increase from the previous quarter and a slight 3.09% growth year-on-year.<BR><BR>However, when looking at the year-on-year performance, there are notable concerns. The net profit has decreased by 35.46% compared to the same quarter last year, which raises red flags regarding the company's profitability trends. Furthermore, the operating margin has contracted, indicating challenges in maintaining efficiency amid rising costs.<BR><BR>Overall, while the sequential growth in revenue and profit is positive, the year-on-year decline in net profit and margin compression suggest that the company is facing significant operational challenges. The stock has also been underperforming, trading well below its 52-week high, which reflects a lack of investor confidence. Thus, the results can be characterized as good in terms of sequential recovery but bad when viewed through the lens of year-on-year performance and overall market sentiment.

View full answer

Should I buy, sell or hold Indo Farm Equipment Ltd?

23-May-2026

Why is Indo Farm Equipment Ltd falling/rising?

25-May-2026

As of 24-May, Indo Farm Equipment Ltd's stock price is at 128.20, reflecting a decline and underperformance compared to the sector. The stock is in a bearish trend, trading below all key moving averages, with decreased investor participation and a significant year-to-date drop of 38.41%.

As of 24-May, Indo Farm Equipment Ltd's stock price is falling, currently at 128.20, which reflects a decrease of 0.45 (-0.35%). The stock has underperformed compared to the sector by 1.18% today and has experienced a trend reversal, having fallen after three consecutive days of gains. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. <BR><BR>Investor participation has also declined, with the delivery volume on 21 May dropping by 26.13% compared to the 5-day average. This lack of investor engagement further contributes to the stock's downward movement. Over the past week, the stock has decreased by 1.69%, while the benchmark Sensex has risen by 0.24%, highlighting a significant underperformance. Year-to-date, the stock has fallen by 38.41%, compared to a decline of 11.51% in the Sensex, reinforcing the negative sentiment surrounding Indo Farm Equipment Ltd.

View full answer
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Poor Management Efficiency with a low ROE of 4.39%

  • The company has been able to generate a Return on Equity (avg) of 4.39% signifying low profitability per unit of shareholders funds
2

Poor long term growth as Net Sales has grown by an annual rate of 6.60% and Operating profit at 3.03% over the last 5 years

 
3

With ROE of 4.2, it has a Expensive valuation with a 1.2 Price to Book Value

4

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Automobiles

stock-summary
Market cap

INR 619 Cr (Micro Cap)

stock-summary
P/E

25.00

stock-summary
Industry P/E

21

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.07

stock-summary
Return on Equity

4.17%

stock-summary
Price to Book

1.18

Revenue and Profits:
Net Sales:
134 Cr
(Quarterly Results - Mar 2026)
Net Profit:
9 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-7.05%
0%
-7.05%
6 Months
-38.16%
0%
-38.16%
1 Year
-15.42%
0%
-15.42%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
0%
0%
0.0%

Indo Farm Equip. for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
6.60%
EBIT Growth (5y)
3.03%
EBIT to Interest (avg)
2.58
Debt to EBITDA (avg)
2.60
Net Debt to Equity (avg)
0.07
Sales to Capital Employed (avg)
0.63
Tax Ratio
29.77%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
3.58%
ROCE (avg)
6.95%
ROE (avg)
4.39%

Valuation key factors

Factor
Value
P/E Ratio
25
Industry P/E
21
Price to Book Value
1.18
EV to EBIT
18.09
EV to EBITDA
13.52
EV to Capital Employed
1.17
EV to Sales
1.56
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
6.44%
ROE (Latest)
4.17%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bullish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Mar 2026stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 5 FIIs (0.18%)

Promoter with highest holding

Ranbir Singh Khadwalia (35.02%)

Highest Public shareholder

Negen Undiscovered Value Fund (1.99%)

Individual Investors Holdings

23.04%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Mar'26 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Mar 2026 is 27.76% vs 1.59% in Dec 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Mar 2026 is 77.54% vs 4.28% in Dec 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Dec'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "128.58",
          "val2": "100.64",
          "chgp": "27.76%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "16.51",
          "val2": "10.76",
          "chgp": "53.44%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "2.60",
          "val2": "2.54",
          "chgp": "2.36%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "8.22",
          "val2": "4.63",
          "chgp": "77.54%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "12.84%",
          "val2": "10.69%",
          "chgp": "2.15%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Standalone) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "190.32",
          "val2": "150.78",
          "chgp": "26.22%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "21.05",
          "val2": "19.35",
          "chgp": "8.79%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "5.01",
          "val2": "7.31",
          "chgp": "-31.46%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "9.02",
          "val2": "5.59",
          "chgp": "61.36%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "11.06%",
          "val2": "12.83%",
          "chgp": "-1.77%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Standalone) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "Not Applicable: The company has declared_date for only one period",
        "dir": 0
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "290.96",
          "val2": "241.60",
          "chgp": "20.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "31.81",
          "val2": "31.42",
          "chgp": "1.24%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "7.55",
          "val2": "11.48",
          "chgp": "-34.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "13.65",
          "val2": "9.33",
          "chgp": "46.30%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "10.93%",
          "val2": "13.00%",
          "chgp": "-2.07%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2026 is 13.64% vs 3.19% in Mar 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is 4.84% vs 51.06% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "440.02",
          "val2": "387.19",
          "chgp": "13.64%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "58.07",
          "val2": "58.27",
          "chgp": "-0.34%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "17.46",
          "val2": "23.91",
          "chgp": "-26.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "24.69",
          "val2": "23.55",
          "chgp": "4.84%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "13.20%",
          "val2": "15.05%",
          "chgp": "-1.85%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Mar'26 - QoQstock-summary

Mar'26
Dec'25
Change(%)
Net Sales
128.58
100.64
27.76%
Operating Profit (PBDIT) excl Other Income
16.51
10.76
53.44%
Interest
2.60
2.54
2.36%
Exceptional Items
0.00
0.00
Standalone Net Profit
8.22
4.63
77.54%
Operating Profit Margin (Excl OI)
12.84%
10.69%
2.15%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Mar 2026 is 27.76% vs 1.59% in Dec 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Mar 2026 is 77.54% vs 4.28% in Dec 2025

Half Yearly Results Snapshot (Standalone) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
190.32
150.78
26.22%
Operating Profit (PBDIT) excl Other Income
21.05
19.35
8.79%
Interest
5.01
7.31
-31.46%
Exceptional Items
0.00
0.00
Standalone Net Profit
9.02
5.59
61.36%
Operating Profit Margin (Excl OI)
11.06%
12.83%
-1.77%
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

Nine Monthly Results Snapshot (Standalone) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
290.96
241.60
20.43%
Operating Profit (PBDIT) excl Other Income
31.81
31.42
1.24%
Interest
7.55
11.48
-34.23%
Exceptional Items
0.00
0.00
Standalone Net Profit
13.65
9.33
46.30%
Operating Profit Margin (Excl OI)
10.93%
13.00%
-2.07%
Values in Rs Cr.
Net Sales

Not Applicable: The company has declared_date for only one period

Standalone Net Profit

Not Applicable: The company has declared_date for only one period

Annual Results Snapshot (Consolidated) - Mar'26stock-summary

Mar'26
Mar'25
Change(%)
Net Sales
440.02
387.19
13.64%
Operating Profit (PBDIT) excl Other Income
58.07
58.27
-0.34%
Interest
17.46
23.91
-26.98%
Exceptional Items
0.00
0.00
Consolidate Net Profit
24.69
23.55
4.84%
Operating Profit Margin (Excl OI)
13.20%
15.05%
-1.85%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2026 is 13.64% vs 3.19% in Mar 2025

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2026 is 4.84% vs 51.06% in Mar 2025

stock-summaryCompany CV
About Indo Farm Equipment Ltd stock-summary
stock-summary
Indo Farm Equipment Ltd
Micro Cap
Automobiles
Indo Farm Equipment Limited, was originally incorporated as 'Welcut Tools Private Limited' on October 05, 1994 as a Private Limited Company with the Registrar of Companies, Punjab, H.P. & Chandigarh. Subsequently, name of the Company was changed to Welcut Industries Private Limited vide Certificate dated February 21, 1995.
Company Coordinates stock-summary
Icon
No Company Details Available