Market Cap ₹5822 Cr.
Stock P/E 208.7
P/B 8.2
Current Price ₹1437
Book Value ₹ 175.6
Face Value 10
52W High ₹1721.3
Dividend Yield 0%
52W Low ₹ 788.1
IFB Industries Ltd is engaged in engineering and production of various parts and accessories for motor automobiles. The Company is likewise engaged in the enterprise of manufacturing and trading of home equipment, and manufacturing of fine blanking components. Its segments include Engineering and Home Appliances. It has two divisions: Home Appliances and Fine Blanking. The Fine Blanking division's products range from satisfactory blanked components and equipment to associated machines, including straighteners, decoilers and strip loaders. Its engineering divisions are placed in Kolkata and Bangalore. The Home Appliances Division consists of washing machines, garments dryers, dishwashers, microwave ovens, air conditioners, chimneys, refrigerators, modular kitchens, built-in ovens and built-in hobs. The Bangalore unit, aside from Fine Blanked additives, manufactures motors for White goods, as well as automotive packages. The Company has a service community of about 650 franchises.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 990 | 953 | 900 | 1067 | 1118 | 999 | 1010 | 1086 | 1101 | 1161 |
| Other Income | 5 | 5 | 4 | 4 | 5 | 4 | 9 | 8 | 6 | 7 |
| Total Income | 995 | 958 | 905 | 1072 | 1123 | 1003 | 1019 | 1094 | 1107 | 1168 |
| Total Expenditure | 919 | 926 | 911 | 1033 | 1049 | 969 | 981 | 1051 | 1030 | 1096 |
| Operating Profit | 75 | 32 | -6 | 39 | 75 | 34 | 38 | 43 | 77 | 72 |
| Interest | 8 | 8 | 8 | 7 | 7 | 7 | 8 | 7 | 7 | 7 |
| Depreciation | 30 | 29 | 29 | 29 | 29 | 30 | 34 | 30 | 30 | 32 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 37 | -5 | -43 | 3 | 38 | -3 | -3 | 5 | 39 | 34 |
| Provision for Tax | 12 | -2 | -15 | 1 | 14 | -2 | 4 | 1 | 10 | 9 |
| Profit After Tax | 25 | -3 | -28 | 2 | 24 | -1 | -8 | 4 | 29 | 25 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | -2 | -4 | -8 | -8 |
| Profit After Adjustments | 25 | -3 | -28 | 2 | 24 | -1 | -10 | -1 | 22 | 17 |
| Adjusted Earnings Per Share | 6 | -0.8 | -6.9 | 0.5 | 5.8 | -0.3 | -2.4 | -0.2 | 5.2 | 4.2 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 1758 | 2220 | 2657 | 2637 | 2801 | 3415 | 4195 | 4358 |
| Other Income | 13 | 16 | 15 | 28 | 32 | 28 | 27 | 30 |
| Total Income | 1772 | 2237 | 2672 | 2665 | 2833 | 3443 | 4222 | 4388 |
| Total Expenditure | 1657 | 2061 | 2531 | 2529 | 2598 | 3367 | 4033 | 4158 |
| Operating Profit | 115 | 176 | 141 | 135 | 235 | 77 | 189 | 230 |
| Interest | 6 | 7 | 8 | 18 | 34 | 35 | 33 | 29 |
| Depreciation | 44 | 54 | 58 | 92 | 102 | 115 | 122 | 126 |
| Exceptional Income / Expenses | 0 | 0 | 19 | 1 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 65 | 115 | 94 | 27 | 99 | -74 | 32 | 75 |
| Provision for Tax | 13 | 36 | 23 | 1 | 35 | -26 | 17 | 24 |
| Profit After Tax | 52 | 79 | 71 | 26 | 64 | -48 | 15 | 50 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22 |
| Profit After Adjustments | 52 | 79 | 71 | 26 | 64 | -48 | 15 | 28 |
| Adjusted Earnings Per Share | 12.7 | 19.6 | 17.5 | 6.4 | 15.8 | -11.9 | 3.7 | 6.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 23% | 17% | 14% | 0% |
| Operating Profit CAGR | 145% | 12% | 1% | 0% |
| PAT CAGR | 0% | -17% | -28% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 76% | 16% | 12% | 32% |
| ROE Average | 2% | 2% | 4% | 13% |
| ROCE Average | 7% | 6% | 8% | 12% |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 470 | 548 | 618 | 646 | 696 | 648 | 667 |
| Minority's Interest | 6 | 4 | 2 | 0 | 0 | 0 | 0 |
| Borrowings | 19 | 13 | 6 | 254 | 172 | 115 | 64 |
| Other Non-Current Liabilities | 35 | 62 | 75 | 138 | 151 | 186 | 237 |
| Total Current Liabilities | 377 | 491 | 567 | 626 | 873 | 1079 | 1139 |
| Total Liabilities | 906 | 1118 | 1268 | 1665 | 1891 | 2028 | 2107 |
| Fixed Assets | 329 | 339 | 358 | 624 | 654 | 698 | 695 |
| Other Non-Current Assets | 58 | 45 | 91 | 97 | 54 | 67 | 168 |
| Total Current Assets | 519 | 734 | 820 | 943 | 1184 | 1264 | 1244 |
| Total Assets | 906 | 1118 | 1268 | 1665 | 1891 | 2028 | 2107 |
| #(Fig in Cr.) | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 48 | 46 | 66 | 72 | 105 | 98 | 70 |
| Cash Flow from Operating Activities | 85 | 124 | 45 | 184 | 292 | 51 | 106 |
| Cash Flow from Investing Activities | -95 | -92 | -34 | -374 | -187 | -27 | -6 |
| Cash Flow from Financing Activities | 9 | -13 | -5 | 223 | -112 | -51 | -94 |
| Net Cash Inflow / Outflow | -2 | 19 | 6 | 33 | -6 | -28 | 5 |
| Closing Cash & Cash Equivalent | 46 | 66 | 72 | 105 | 98 | 70 | 76 |
| # | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 12.72 | 19.57 | 17.54 | 6.36 | 15.82 | -11.89 | 3.69 |
| CEPS(Rs) | 23.64 | 32.85 | 31.74 | 29.05 | 41.1 | 16.61 | 33.67 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 115.71 | 135.04 | 152.43 | 159.3 | 171.55 | 159.8 | 164.54 |
| Core EBITDA Margin(%) | 4.32 | 5.7 | 3.8 | 3.23 | 5.79 | 1.13 | 3.09 |
| EBIT Margin(%) | 3.01 | 4.36 | 3.1 | 1.35 | 3.78 | -0.9 | 1.25 |
| Pre Tax Margin(%) | 2.75 | 4.12 | 2.84 | 0.8 | 2.82 | -1.71 | 0.61 |
| PAT Margin (%) | 2.19 | 2.84 | 2.15 | 0.77 | 1.83 | -1.12 | 0.28 |
| Cash Profit Margin (%) | 4.07 | 4.77 | 3.88 | 3.53 | 4.75 | 1.56 | 2.6 |
| ROA(%) | 8.62 | 7.83 | 5.96 | 1.76 | 3.61 | -2.46 | 0.72 |
| ROE(%) | 53.65 | 15.61 | 12.2 | 4.08 | 9.56 | -7.17 | 2.27 |
| ROCE(%) | 18.91 | 22.38 | 16.7 | 5.63 | 14.16 | -4.29 | 7.44 |
| Receivable days | 12.94 | 21.7 | 24.01 | 24.8 | 24.48 | 24.36 | 25.16 |
| Inventory Days | 20.62 | 36.69 | 39.83 | 43.12 | 44.03 | 43.94 | 39.98 |
| Payable days | 56.2 | 95.82 | 98.23 | 113.69 | 131.64 | 129.85 | 117.16 |
| PER(x) | 50.6 | 58.78 | 55.71 | 41.72 | 70.01 | 0 | 201.2 |
| Price/Book(x) | 5.56 | 8.52 | 6.41 | 1.67 | 6.46 | 6.51 | 4.51 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.48 | 2.08 | 1.47 | 0.47 | 1.64 | 1.28 | 0.74 |
| EV/Core EBITDA(x) | 22.61 | 26.31 | 27.66 | 9.22 | 19.57 | 57.01 | 16.44 |
| Net Sales Growth(%) | 869.89 | 26.27 | 19.66 | -0.76 | 6.21 | 21.94 | 22.83 |
| EBIT Growth(%) | 391.19 | 72.05 | -15.83 | -56.28 | 195.45 | -129.36 | 268.05 |
| PAT Growth(%) | 162.84 | 53.79 | -10.34 | -63.75 | 148.78 | -175.12 | 131.02 |
| EPS Growth(%) | 120.88 | 53.79 | -10.34 | -63.75 | 148.78 | -175.12 | 131.02 |
| Debt/Equity(x) | 0.09 | 0.06 | 0.05 | 0.46 | 0.33 | 0.37 | 0.31 |
| Current Ratio(x) | 1.38 | 1.5 | 1.45 | 1.5 | 1.36 | 1.17 | 1.09 |
| Quick Ratio(x) | 0.73 | 0.84 | 0.73 | 0.89 | 0.83 | 0.64 | 0.59 |
| Interest Cover(x) | 11.43 | 18.03 | 12.1 | 2.48 | 3.94 | -1.12 | 1.97 |
| Total Debt/Mcap(x) | 0.02 | 0.01 | 0.01 | 0.28 | 0.05 | 0.06 | 0.07 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 | 74.96 |
| FII | 7.43 | 6.99 | 0.61 | 0.62 | 0.64 | 0.63 | 1.84 | 0.65 | 0.7 | 0.75 |
| DII | 3.32 | 4.03 | 4.14 | 3.96 | 4.23 | 4.18 | 4.18 | 4.43 | 3.57 | 6.58 |
| Public | 14.29 | 14.01 | 20.29 | 20.46 | 20.17 | 20.22 | 19.02 | 19.96 | 20.76 | 17.71 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 | 3.04 |
| FII | 0.3 | 0.28 | 0.02 | 0.02 | 0.03 | 0.03 | 0.07 | 0.03 | 0.03 | 0.03 |
| DII | 0.13 | 0.16 | 0.17 | 0.16 | 0.17 | 0.17 | 0.17 | 0.18 | 0.14 | 0.27 |
| Public | 0.58 | 0.57 | 0.82 | 0.83 | 0.82 | 0.82 | 0.77 | 0.81 | 0.84 | 0.72 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 | 4.05 |
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