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IFB Inds trades in pink of its health on BSE

18 Jun 2014 Evaluate

IFB Industries is currently trading at Rs. 114.50, up by 4.70 points or 4.28% from its previous closing of Rs. 109.80 on the BSE.

The scrip opened at Rs. 111.25 and has touched a high and low of Rs. 120.00 and Rs. 111.00 respectively. So far 18756 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 130.75 on 06-Jun-2014 and a 52 week low of Rs. 38.40 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 125.75 and Rs. 103.00 respectively. The current market cap of the company is Rs. 459.48 crore.

The promoters holding in the company stood at 74.96 % while Institutions and Non-Institutions held 0.97 % and 24.07 % respectively.

Credit rating agency, India Ratings & Research has affirmed IFB Industries’ long-term Issuer Rating at ‘A’. The outlook is stable. The affirmation factors in the company’s leading position in the domestic front-loading washing machine market, with the largest market share of 70%, and its negative net debt.

Meanwhile, the company has planned setting up a top loader manufacturing capacity of 1,50,000 units every year and an injection molding capacity at Goa. The total capital expenditure estimated at Rs 78 crore is likely to be completed by November 2014.

IFB Industries has two main businesses - home appliances and engineering division - which contributed 85% and 15% to FY14 revenue, respectively

IFB Industries Share Price

1116.00 23.30 (2.13%)
17-Apr-2026 16:59 View Price Chart
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