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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of IFB Industries Ltd

About the Company - IFB Industries Ltd

IFB Industries Ltd. is a Public Limited Listed company incorporated on 12/09/1974 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L51109WB1974PLC029637 and registration number is 029637. Currently Company is involved in the business activities of Manufacture of domestic electric appliances such as refrigerators, washing machines, vacuum cleaners, mixers, grinders etc.. Company’s Total Operating Revenue is Rs. 3339.00 Cr. and Equity Capital is Rs. 41.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Domestic Appliances14 Taratala Road, Kolkata West Bengal 700088investors@ifbglobal.com
http://www.ifbindustries.com
Management
NamePosition Held
Mr. Bijon Bhushan NagExecutive Chairman
Mr. Bikramjit NagJt.Exe.Chairman & M.D
Mr. Rajshankar RayManaging Director & CEO
Mr. Harsh Vardhan SachdevManaging Director & CEO
Mr. Amar Singh NegiExecutive Director
Mr. Sudip BanerjeeNon Executive Director
Mr. Prabir ChatterjeeDirector & CFO
Dr. Rathindra Nath MitraIndependent Director
Ms. Sangeeta Shankaran SumeshIndependent Director
Mr. Rahul ChoudhuriIndependent Director
Mr. Ashok BhandariIndependent Director
Mr. Chacko JosephIndependent Director
Mr. Desh Raj DograIndependent Director
Mr. Biswadip GuptaIndependent Director

Basic Stock Data of IFB Industries Ltd

Last Updated: June 17, 2024, 8:30 pm

Market Cap 6,538 Cr.
Current Price 1,613
High / Low1,721/796
Stock P/E130
Book Value 177
Dividend Yield0.00 %
ROCE10.6 %
ROE7.27 %
Face Value 10.0
PEG Ratio-7.03

IFB Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9518255729909539001,0671,1189991,0101,0861,1011,161
Expenses8447716049199269111,0331,0499699841,0551,0381,103
Operating Profit10754-327027-1035703026306358
OPM %11%7%-6%7%3%-1%3%6%3%3%3%6%5%
Other Income9745544549867
Interest9588887778777
Depreciation27262630292929293034303032
Profit before tax8130-6237-5-43338-3-613126
Tax %12%74%33%33%40%35%39%37%66%-72%211%31%34%
Net Profit718-4125-3-28224-1-10-12217
EPS in Rs16.941.90-10.186.07-0.79-6.980.475.95-0.28-2.45-0.155.314.31

Last Updated: June 11, 2024, 2:49 am

IFB Industries Ltd Quarterly Chart

IFB Industries Ltd Profit & Loss

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7582,2202,6572,6372,8013,4154,1954,196
Expenses1,6572,0602,5292,5142,5883,3674,0354,047
Operating Profit10216012812321349160149
OPM %6%7%5%5%8%1%4%4%
Other Income1316321422282727
Interest6781834353329
Depreciation44545892102115122124
Profit before tax65115942799-743223
Tax %20%31%24%4%35%35%54%
Net Profit5279712664-481510
EPS in Rs13.1519.9818.006.7615.82-11.893.692.43
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%

IFB Industries Ltd Profit & Loss Yearly Chart

IFB Industries Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:11%
3 Years:17%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:-2%
3 Years:-8%
TTM:238%
Stock Price CAGR
10 Years:30%
5 Years:16%
3 Years:15%
1 Year:99%
Return on Equity
10 Years:%
5 Years:3%
3 Years:1%
Last Year:7%

Last Updated: June 17, 2024, 3:00 pm

IFB Industries Ltd Balance Sheet

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4141414141414141
Reserves428507577605655607626646
Borrowings403231357293363353285
Other Liabilities3975386196629031,0191,0861,229
Total Liabilities9071,1181,2681,6651,8912,0302,1072,200
Fixed Assets329339358625654698695688
CWIP147241021152111
Investments549327153260229186234
Other Assets5096798598779561,0881,2051,268
Total Assets9071,1181,2681,6651,8912,0302,1072,200

IFB Industries Ltd Reserves and Borrowings Chart

IFB Industries Ltd Cash Flow

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 851244518429251106
Cash from Investing Activity -95-92-33-374-187-27-6
Cash from Financing Activity 9-13-5223-112-51-94
Net Cash Flow-220633-7-286

IFB Industries Ltd Financial Efficiency Indicators

MonthMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days30313428353336
Inventory Days8793949410810282
Days Payable97112107116153144118
Cash Conversion Cycle1911226-10-8-1
Working Capital Days12152012218
ROCE %20%13%5%13%-4%6%

IFB Industries Ltd Financial Efficiency Indicators Chart

IFB Industries Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%74.96%
FIIs8.11%7.74%7.70%7.43%6.99%0.61%0.62%0.64%0.63%1.84%0.65%0.70%
DIIs1.51%1.99%2.09%3.32%4.03%4.14%3.96%4.23%4.18%4.18%4.43%3.57%
Public15.42%15.30%15.25%14.29%14.01%20.29%20.46%20.16%20.22%19.02%19.96%20.77%
No. of Shareholders24,18427,91826,80924,37726,13326,13824,57125,31725,87526,82526,99126,731

IFB Industries Ltd Shareholding Pattern Chart

No. of IFB Industries Ltd Shareholders

IFB Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Focused Equity Fund1,221,6281.55106.950,0002024-06-222343.26%
UTI Mid Cap Fund472,2650.4741.3350,0002024-06-22844.53%
Bandhan Hybrid Equity Fund50,0000.724.3850,0002024-06-220%
Motilal Oswal Nifty Microcap 250 Index Fund10,0450.190.8850,0002024-06-22-79.91%
Groww Nifty Total Market Index Fund230.01050,0002024-06-22-99.95%

IFB Industries Ltd ROCE Trend

IFB Industries Ltd EPS Trend

IFB Industries Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)12.433.69-11.8915.616.76
Diluted EPS (Rs.)12.433.69-11.8915.616.76
Cash EPS (Rs.)48.1933.6416.3040.3428.52
Book Value[Excl.RevalReserv]/Share (Rs.)173.84161.69157.04168.57156.65
Book Value[Incl.RevalReserv]/Share (Rs.)173.84161.69157.04168.57156.65
Revenue From Operations / Share (Rs.)1075.061016.23827.37678.49638.80
PBDIT / Share (Rs.)60.4344.9417.8256.2632.29
PBIT / Share (Rs.)30.2915.51-10.1531.4510.02
PBT / Share (Rs.)23.538.38-17.8423.966.48
Net Profit / Share (Rs.)18.054.20-11.6715.536.24
NP After MI And SOA / Share (Rs.)12.203.62-11.6715.326.64
PBDIT Margin (%)5.624.422.158.295.05
PBIT Margin (%)2.811.52-1.224.631.56
PBT Margin (%)2.180.82-2.153.531.01
Net Profit Margin (%)1.670.41-1.412.280.97
NP After MI And SOA Margin (%)1.130.35-1.412.251.03
Return on Networth / Equity (%)7.012.23-7.429.084.24
Return on Capital Employeed (%)13.436.61-4.4012.743.98
Return On Assets (%)2.310.70-2.373.341.64
Long Term Debt / Equity (X)0.020.090.170.240.39
Total Debt / Equity (X)0.090.300.360.280.44
Asset Turnover Ratio (%)2.072.001.721.541.77
Current Ratio (X)1.141.091.171.361.50
Quick Ratio (X)0.700.580.630.820.89
Inventory Turnover Ratio (X)3.843.803.292.932.58
Interest Coverage Ratio (X)8.946.302.327.518.29
Interest Coverage Ratio (Post Tax) (X)3.671.59-0.513.072.51
Enterprise Value (Cr.)6161.783169.404442.374648.511259.33
EV / Net Operating Revenue (X)1.390.751.301.660.47
EV / EBITDA (X)24.7017.0860.4020.029.45
MarketCap / Net Operating Revenue (X)1.400.731.261.630.41
Price / BV (X)8.644.596.636.571.69
Price / Net Operating Revenue (X)1.400.731.261.630.41
EarningsYield0.010.00-0.010.010.02

IFB Industries Ltd Profitability Ratios (%)

IFB Industries Ltd Liquidity Ratios

IFB Industries Ltd Liquidity Ratios (%)

IFB Industries Ltd Interest Coverage Ratios (%)

IFB Industries Ltd Valuation Ratios

Fair Value

Fair Value: 1,706.28

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.

Undervalued: 5.78% compared to the current price 1613

Intrinsic Value: 1,390.54

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: 13.79% compared to the current price ₹1613

Last 5 Year EPS CAGR: -18.50%

*Investments are subject to market risks

Strength and Weakness of IFB Industries Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 10.00, which is a positive sign.
  2. The company has higher reserves (581.38 cr) compared to borrowings (219.25 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.50 cr) and profit (47.63 cr) over the years.
  1. The stock has a low average ROCE of 7.57%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 5.57, which may not be favorable.

FAQ

What is the latest fair value of IFB Industries Ltd?

The latest fair value of IFB Industries Ltd is ₹1706.28.

What is the Market Cap of IFB Industries Ltd?

The Market Cap of IFB Industries Ltd is 6,538 Cr..

What is the current Stock Price of IFB Industries Ltd as on 23 June 2024?

The current stock price of IFB Industries Ltd as on 23 June 2024 is ₹1,613.

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

In FY 2024, the High / Low of IFB Industries Ltd stocks is 1,721/796.

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

The Stock P/E of IFB Industries Ltd is 130.

What is the Book Value of IFB Industries Ltd?

The Book Value of IFB Industries Ltd is 177.

What is the Dividend Yield of IFB Industries Ltd?

The Dividend Yield of IFB Industries Ltd is 0.00 %.

What is the ROCE of IFB Industries Ltd?

The ROCE of IFB Industries Ltd is 10.6 %.

What is the ROE of IFB Industries Ltd?

The ROE of IFB Industries Ltd is 7.27 %.

What is the Face Value of IFB Industries Ltd?

The Face Value of IFB 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 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