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Last Updated on: 27 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

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. Bikramjit NagChairman
Mr. Arup Kumar BanerjeeExecutive Vice Chairman
Dr. Janardan Anna GoreIndependent Director
Mr. Sudip Kumar MukherjiIndependent Director
Mr. Hari Ram AgarwalIndependent Director
Dr. Runu ChakrabortyIndependent Director
Mr. Manoj Kumar VijayIndependent Director
Mr. Malay Kumar DasIndependent Director

Basic Stock Data of IFB Agro Industries Ltd

Last Updated: July 26, 2024, 10:35 pm

Market Cap 529 Cr.
Current Price 564
High / Low654/388
Stock P/E
Book Value 590
Dividend Yield0.00 %
ROCE2.40 %
ROE1.51 %
Face Value 10.0
PEG Ratio0.00

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

Last Updated: July 10, 2024, 6:03 pm

IFB Agro Industries Ltd Quarterly Chart

IFB Agro Industries Ltd Profit & Loss

Last Updated: July 10, 2024, 6:03 pm

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:0%
3 Years:10%
TTM:-25%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-117%
Stock Price CAGR
10 Years:9%
5 Years:11%
3 Years:-1%
1 Year:1%
Return on Equity
10 Years:%
5 Years:7%
3 Years:6%
Last Year:-2%

Last Updated: July 26, 2024, 5:05 pm

IFB Agro Industries Ltd Balance Sheet

Last Updated: July 10, 2024, 6:03 pm

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 2023Mar 2024
Cash from Operating Activity 44223610532-32
Cash from Investing Activity 161-647-66-17-25
Cash from Financing Activity -15-15-22-019-7-7
Net Cash Flow628-2583599-63

IFB Agro Industries Ltd Financial Efficiency Indicators

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days26232455251531
Inventory Days37344452354269
Days Payable22191735191226
Cash Conversion Cycle40385172404675
Working Capital Days33325081444582
ROCE %10%5%14%15%13%

IFB Agro Industries Ltd Financial Efficiency Indicators Chart

IFB Agro Industries Ltd Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%65.00%
FIIs0.22%0.38%0.39%0.38%0.29%0.22%0.19%0.20%0.21%0.24%0.16%0.16%
DIIs1.12%1.12%1.12%1.11%1.12%1.12%1.12%1.12%1.12%1.12%1.12%1.12%
Public33.66%33.50%33.49%33.50%33.58%33.67%33.70%33.69%33.66%33.63%33.72%33.72%
No. of Shareholders11,82411,69312,07312,57012,35412,45312,53212,44112,30912,49012,55112,484

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 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-8.6252.4562.5049.5123.71
Diluted EPS (Rs.)-8.6252.4562.5049.5123.71
Cash EPS (Rs.)14.1672.4780.6065.3642.62
Book Value[Excl.RevalReserv]/Share (Rs.)589.96585.28534.90474.35407.07
Book Value[Incl.RevalReserv]/Share (Rs.)589.96585.28534.90474.35407.07
Revenue From Operations / Share (Rs.)994.271330.471079.45748.931052.41
PBDIT / Share (Rs.)8.5294.5396.9877.0838.84
PBIT / Share (Rs.)-14.2774.5078.8661.2319.92
PBT / Share (Rs.)-16.0072.3578.1561.0517.92
Net Profit / Share (Rs.)-8.6252.4362.4849.5123.70
NP After MI And SOA / Share (Rs.)-8.6252.4362.4849.5123.70
PBDIT Margin (%)0.857.108.9810.293.69
PBIT Margin (%)-1.435.597.308.171.89
PBT Margin (%)-1.605.437.248.151.70
Net Profit Margin (%)-0.863.945.786.612.25
NP After MI And SOA Margin (%)-0.863.945.786.612.25
Return on Networth / Equity (%)-1.468.9511.6710.435.82
Return on Capital Employeed (%)-2.3412.0613.9112.564.79
Return On Assets (%)-1.277.779.928.755.00
Long Term Debt / Equity (X)0.010.010.020.000.00
Total Debt / Equity (X)0.010.030.040.010.00
Asset Turnover Ratio (%)1.472.041.811.422.12
Current Ratio (X)5.877.556.264.795.29
Quick Ratio (X)4.015.685.163.883.66
Inventory Turnover Ratio (X)4.368.208.104.447.43
Interest Coverage Ratio (X)4.9343.85137.68424.7119.38
Interest Coverage Ratio (Post Tax) (X)-3.9925.3289.70273.8212.83
Enterprise Value (Cr.)286.26248.85504.76276.51200.87
EV / Net Operating Revenue (X)0.300.190.490.390.20
EV / EBITDA (X)35.872.815.553.835.52
MarketCap / Net Operating Revenue (X)0.410.320.630.530.22
Price / BV (X)0.700.731.290.850.57
Price / Net Operating Revenue (X)0.410.320.630.530.22
EarningsYield-0.020.120.090.120.10

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

Fair Value: 136.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 75.83% compared to the current price 564

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 130.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 76.79% compared to the current price 564

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -3.96%

*Investments are subject to market risks

Strength and Weakness of IFB Agro Industries Ltd Stock

StrengthWeakness
  1. The company has higher reserves (439.00 cr) compared to borrowings (15.57 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 has a low average ROCE of 8.14%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 52.43, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 51.71, which may not be favorable.

FAQ

What is the latest fair value of IFB Agro Industries Ltd?

The latest fair value of IFB Agro Industries Ltd is ₹136.31.

What is the Market Cap of IFB Agro Industries Ltd?

The Market Cap of IFB Agro Industries Ltd is 529 Cr..

What is the current Stock Price of IFB Agro Industries Ltd as on 27 July 2024?

The current stock price of IFB Agro Industries Ltd as on 27 July 2024 is 564.

What is the High / Low of IFB Agro Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of IFB Agro Industries Ltd stocks is 654/388.

What is the Stock P/E of IFB Agro Industries Ltd?

The Stock P/E of IFB Agro Industries Ltd is .

What is the Book Value of IFB Agro Industries Ltd?

The Book Value of IFB Agro Industries Ltd is 590.

What is the Dividend Yield of IFB Agro Industries Ltd?

The Dividend Yield of IFB Agro Industries Ltd is 0.00 %.

What is the ROCE of IFB Agro Industries Ltd?

The ROCE of IFB Agro Industries Ltd is 2.40 %.

What is the ROE of IFB Agro Industries Ltd?

The ROE of IFB Agro Industries Ltd is 1.51 %.

What is the Face Value of IFB Agro Industries Ltd?

The Face Value of IFB Agro Industries Ltd is 10.0.

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