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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IFB Agro Industries Ltd

About the Company - IFB Agro Industries Ltd

IFB Agro Industries Ltd. is a Public Limited Listed company incorporated on 19/02/1982 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L01409WB1982PLC034590 and registration number is 034590. Currently Company is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company’s Total Operating Revenue is Rs. 1010.09 Cr. and Equity Capital is Rs. 9.37 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Beverages & DistilleriesPlot No. IND-5, Sector -1, Kolkata West Bengal 700107complianceifbagro@ifbglobal.com
http://www.ifbagro.in
Management
NamePosition Held
Mr. Bijon Bhushan NagChairman
Mr. Bikramjit NagJoint Executive Chairman
Mr. Arup Kumar BanerjeeExecutive Vice President
Mr. Amitabha MukhopadhyayManaging Director & CEO
Mr. Sudip Kumar MukherjiIndependent Director
Mr. Hari Ram AgarwalIndependent Director
Mr. Malaykumar Mohindrachandra DasIndependent Director
Dr. Runu ChakrabortyIndependent Director
Mr. Manoj Kumar VijayIndependent Director
Mr. Malay Kumar DasIndependent Director

IFB Agro Industries Ltd. Share Price Update

Share PriceValue
Today₹473.65
Previous Day₹469.65

Basic Stock Data of IFB Agro Industries Ltd

Market Cap 443 Cr.
Current Price 473
High / Low585/414
Stock P/E90.2
Book Value 588
Dividend Yield0.00 %
ROCE12.8 %
ROE9.39 %
Face Value 10.0

Data Source: screener.in

IFB Agro Industries Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales209.48201.66193.34228.56297.49257.47227.93333.68406.18280.68226.11231.86239.24
Expenses189.37181.25176.28206.33273.16246.78210.07313.28384.85265.88209.66230.48239.82
Operating Profit20.1120.4117.0622.2324.3310.6917.8620.4021.3314.8016.451.38-0.58
OPM %9.60%10.12%8.82%9.73%8.18%4.15%7.84%6.11%5.25%5.27%7.28%0.60%-0.24%
Other Income3.026.333.473.074.403.454.844.013.802.834.964.793.01
Interest0.070.030.040.040.040.160.420.410.560.560.490.390.45
Depreciation3.713.763.743.553.644.285.514.594.694.754.744.794.84
Profit before tax19.3522.9516.7521.7125.059.7016.7719.4119.8812.3216.180.99-2.86
Tax %13.85%26.06%13.73%25.24%15.53%11.44%25.10%24.27%19.01%33.69%37.21%-91.92%26.57%
Net Profit16.6716.9714.4516.2321.168.5912.5614.7016.108.1710.161.90-2.10
EPS in Rs17.8018.1215.4317.3322.599.1713.4115.6917.198.7210.852.03-2.24

IFB Agro Industries Ltd Quarterly Chart

IFB Agro Industries Ltd Profit & Loss

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8939459867021,0111,247978
Expenses8389009606469361,173946
Operating Profit55452655757332
OPM %6%5%3%8%7%6%3%
Other Income10131017161516
Interest3320122
Depreciation21191815171919
Profit before tax41361757736827
Tax %30%13%-32%19%20%28%
Net Profit29312246594918
EPS in Rs30.5633.4823.6949.5162.5052.4519.36
Dividend Payout %0%0%0%0%0%0%

IFB Agro Industries Ltd Profit & Loss Yearly Chart

IFB Agro Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:7%
3 Years:8%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:11%
3 Years:29%
TTM:-65%
Stock Price CAGR
10 Years:10%
5 Years:1%
3 Years:4%
1 Year:4%
Return on Equity
10 Years:%
5 Years:10%
3 Years:11%
Last Year:9%

IFB Agro Industries Ltd Balance Sheet

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital9999999
Reserves332360372435492539541
Borrowings312213221915
Other Liabilities82696182676499
Total Liabilities454461444530590632665
Fixed Assets135135123120145131131
CWIP624112724
Investments13111310160101110151
Other Assets182211215339342383359
Total Assets454461444530590632665

IFB Agro Industries Ltd Reserves and Borrowings Chart

IFB Agro Industries Ltd Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 44223610532
Cash from Investing Activity 161-647-66-17
Cash from Financing Activity -15-15-22-019-7
Net Cash Flow628-2583599

IFB Agro Industries Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days262324552515
Inventory Days373444523542
Days Payable221917351912
Cash Conversion Cycle403851724046
Working Capital Days333250814445
ROCE %10%5%14%15%13%

IFB Agro Industries Ltd Financial Efficiency Indicators Chart

IFB Agro Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%
FIIs0.16%0.16%0.22%0.38%0.39%0.38%0.29%0.22%0.19%0.20%0.21%0.24%
DIIs1.12%1.12%1.12%1.12%1.12%1.11%1.12%1.12%1.12%1.12%1.12%1.12%
Public33.72%33.72%33.66%33.50%33.49%33.50%33.58%33.67%33.70%33.69%33.66%33.63%
No. of Shareholders10,75111,46311,82411,69312,07312,57012,35412,45312,53212,44112,30912,490

IFB Agro Industries Ltd Shareholding Pattern Chart

No. of IFB Agro Industries Ltd Shareholders

This stock is not held by any mutual fund

IFB Agro Industries Ltd ROCE Trend

IFB Agro Industries Ltd EPS Trend

IFB Agro Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)52.4562.5049.5123.7133.48
Diluted EPS (Rs.)52.4562.5049.5123.7133.48
Cash EPS (Rs.)72.4780.6065.3642.6253.46
Book Value[Excl.RevalReserv]/Share (Rs.)585.28534.90474.35407.07394.53
Book Value[Incl.RevalReserv]/Share (Rs.)585.28534.90474.35407.07394.53
Revenue From Operations / Share (Rs.)1330.471079.45748.931052.411009.08
PBDIT / Share (Rs.)94.5396.9877.0838.8461.67
PBIT / Share (Rs.)74.5078.8661.2319.9241.70
PBT / Share (Rs.)72.3578.1561.0517.9238.53
Net Profit / Share (Rs.)52.4362.4849.5123.7033.48
NP After MI And SOA / Share (Rs.)52.4362.4849.5123.7033.48
PBDIT Margin (%)7.108.9810.293.696.11
PBIT Margin (%)5.597.308.171.894.13
PBT Margin (%)5.437.248.151.703.81
Net Profit Margin (%)3.945.786.612.253.31
NP After MI And SOA Margin (%)3.945.786.612.253.31
Return on Networth / Equity (%)8.9511.6710.435.828.48
Return on Capital Employeed (%)12.0613.9112.564.7910.08
Return On Assets (%)7.779.928.755.006.80
Long Term Debt / Equity (X)0.010.020.000.000.00
Total Debt / Equity (X)0.030.040.010.000.01
Asset Turnover Ratio (%)2.041.811.422.122.01
Current Ratio (X)7.556.264.795.293.81
Quick Ratio (X)5.685.163.883.662.92
Inventory Turnover Ratio (X)8.208.104.447.436.90
Interest Coverage Ratio (X)43.85137.68424.7119.3819.48
Interest Coverage Ratio (Post Tax) (X)25.3289.70273.8212.8311.58
Enterprise Value (Cr.)248.85504.76276.51200.87424.42
EV / Net Operating Revenue (X)0.190.490.390.200.44
EV / EBITDA (X)2.815.553.835.527.35
MarketCap / Net Operating Revenue (X)0.320.630.530.220.49
Price / BV (X)0.731.290.850.571.27
Price / Net Operating Revenue (X)0.320.630.530.220.49
EarningsYield0.120.090.120.100.06

IFB Agro Industries Ltd Profitability Ratios (%)

IFB Agro Industries Ltd Liquidity Ratios

IFB Agro Industries Ltd Liquidity Ratios (%)

IFB Agro Industries Ltd Interest Coverage Ratios (%)

IFB Agro Industries Ltd Valuation Ratios

Fair Value of IFB Agro Industries Ltd Stock

Fair Value: ₹5079.84

The stock is undervalued by 973.96% compared to the current price ₹473

*Investments are subject to market risks

Strength and Weakness of IFB Agro Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (438.71 cr) compared to borrowings (16.14 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (643.71 cr) and profit (45.57 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 55.24 and average Dividend Yield of 5.42%.
  2. The stock has a low average ROCE of 9.50%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 47.50, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 47.83, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in IFB Agro Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE