IFB Industries Ltd - Stock Valuation and Financial Performance

BSE: 505726 | NSE: IFBIND | Consumer Durables - Domestic Appliances | Small Cap

IFB Industries Share Price

1,793.85 61.90 3.57%
as on 08-Oct'24 16:01

DeciZen - make an informed investing decision on IFB Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

IFB Industries stock performance -

mw4me loader
P/E Ratio (CD):
79.28
Market Cap:
7,017.7 Cr.
52-wk low:
851
52-wk high:
2,171

Is IFB Industries Ltd an attractive stock to invest in?

1. Is IFB Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that IFB Industries Ltd is a average quality company.

2. Is IFB Industries Ltd undervalued or overvalued?

The key valuation ratios of IFB Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is IFB Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IFB Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of IFB Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IFB Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -4.1%-9.4%18.9%22.4%16.7%5.6%14.2%-4.3%7.4%12.5%-
Value Creation
Index
NANA0.40.70.2-0.60.0-1.3-0.5-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1931811,7582,2202,6572,6372,8013,4154,1954,4384,621
Sales YoY Gr.--5.9%869.9%26.3%19.7%-0.8%6.2%21.9%22.8%5.8%-
Adj EPS -55.2-6012.319.214.18.716.1-11.43.611.421.9
YoY Gr.-NANA56%-26.9%-38.4%85.8%-171%NA214.6%-
BVPS (₹) -157.1-207.4115.7135152.4159.3171.6159.8164.5176.9186.9
Adj Net
Profit
-70.2-80.15077.956.935.165.2-46.314.746.289
Cash Flow from Ops. 9.813.684.812444.618429250.6106351-
Debt/CF from Ops. 48.737.90.50.30.71.60.84.71.90.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 41.7%10.8%16.6%5.8%
Adj EPS NA-4.1%-10.9%214.6%
BVPSNA3%1%7.5%
Share Price 17.8% 22.9% 15% 97.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
36.234.251.115.39.85.69.7-6.92.26.712
Op. Profit
Mgn %
0.9-2.75.87.24.74.77.61.7455.7
Net Profit
Mgn %
-36.2-44.62.83.52.11.32.3-1.40.411.9
Debt to
Equity
-2.4-1.90.10.10.10.50.30.40.30.1-
Working Cap
Days
0108407076838377737357
Cash Conv.
Cycle
0-2-4-3-1-6-15-14-13-196

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.00%

Sales growth is growing at healthy rate in last 3 years 16.58%

Net Profit has been subdued in last 3 years -10.88%

Sales growth is not so good in last 4 quarters at 9.86%

Latest Financials - IFB Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 25.9 21.9
TTM Sales (₹ Cr.) 4,494 4,621
BVPS (₹.) 188.6 186.9
Reserves (₹ Cr.) 724 717
P/BV 9.18 9.27
PE 66.78 79.28
From the Market
52 Week Low / High (₹) 851.00 / 2171.00
All Time Low / High (₹) 0.70 / 2171.00
Market Cap (₹ Cr.) 7,018
Equity (₹ Cr.) 40.5
Face Value (₹) 10
Industry PE 72.7

Management X-Ray of IFB Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of IFB Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1931811,7582,2202,6572,6372,8013,4154,1954,438
Operating Expenses 1921861,6572,0612,5312,5292,5983,3674,0334,224
Manufacturing Costs1213179227271278294381440446
Material Costs86771,0191,2521,5661,4941,5652,0622,5582,636
Employee Cost 1718163216264299307372405439
Other Costs 7778296365430459432550629704
Operating Profit 1-510215912610820349162214
Operating Profit Margin (%) 0.4%-2.8%5.8%7.2%4.7%4.1%7.2%1.4%3.9%4.8%
Other Income 1081316152832282739
Interest 60586781834353331
Depreciation 192544545892102115122124
Exceptional Items -3-2001910000
Profit Before Tax -71-8265115942799-743273
Tax 00133623135-261723
Profit After Tax -71-825279712664-481550
PAT Margin (%) -37.1%-45.2%2.9%3.6%2.7%1.0%2.3%-1.4%0.4%1.1%
Adjusted EPS (₹)-56.5-60.912.719.617.56.415.8-11.93.712.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -194-274470548618646696648667718
Share Capital 13144141414141414141
Reserves -207-288428507577605655607626676
Minority Interest1064200000
Debt47551534232128919817814825
Long Term Debt475515191362541721156422
Short Term Debt0015915352763844
Trade Payables4342272385457473655812830983
Others Liabilities 36125158170256342390461454
Total Liabilities 3292909061,1181,2681,6651,8912,0282,1072,180

Fixed Assets

Gross Block3893793734475238829941,1471,2301,254
Accumulated Depreciation14016444108165257341449535624
Net Fixed Assets249215329339358624654698695629
CWIP 10147241021152116
Investments 00549327153260229186263
Inventories2323242319404383462577573539
Trade Receivables3122145187248205266310413463
Cash Equivalents 13214768971251229397111
Others Assets12875105110165106106122159
Total Assets 3292909061,1181,2681,6651,8912,0282,1072,180

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1014851244518429251106351
PBT -65-7965115942799-743273
Adjustment 7681444934111117130142151
Changes in Working Capital -112-9-19-585683-0-65137
Tax Paid 00-14-21-26-10-7-6-3-10
Cash Flow From Investing Activity 3-1-95-92-34-374-187-27-6-138
Capex -2-200-68-223-92-73-66-65
Net Investments 50-96-7370-117-994252-74
Others 011-19-35-334482
Cash Flow From Financing Activity -8-59-13-5223-112-51-94-186
Net Proceeds from Shares 0100000000
Net Proceeds from Borrowing -4-500000-34-58-49
Interest Paid -40-4-4-4-5-23-18-14-12
Dividend Paid 0000000000
Others 0012-9-1228-890-21-125
Net Cash Flow 48-219633-6-28527
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/A53.6515.6112.24.089.56-7.172.277.28
ROCE (%)N/AN/A18.9122.3816.75.6314.15-4.297.4412.5
Asset Turnover Ratio0.650.653.932.762.782.271.972.22.542.64
PAT to CFO Conversion(x)N/AN/A1.631.570.637.084.56N/A7.077.02
Working Capital Days
Receivable Days54491322242524242528
Inventory Days39422137404344444036
Payable Days185201569698114132130117126

IFB Industries Ltd Stock News

IFB Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IFB Industries on 08-Oct-2024 16:01 is ₹1,793.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Oct-2024 16:01 the market cap of IFB Industries stood at ₹7,017.7.
The latest P/E ratio of IFB Industries as of 08-Oct-2024 16:01 is 66.78.
The latest P/B ratio of IFB Industries as of 08-Oct-2024 16:01 is 9.18.
The 52-week high of IFB Industries is ₹2,171 and the 52-week low is ₹851.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IFB Industries is ₹4,494 ( Cr.) .

About IFB Industries Ltd

IFB Industries Limited originally known as Indian Fine Blanks Limited started their operations in India during 1974 in collaboration with Hienrich Schmid AG of Switzerland. The product range includes Fine Blanked components, tools and related machine tools like Straighteners, Decoilers, Strip loaders and others.

The Engineering divisions apart from Fine Blanked components, manufactures motors for white goods as well as automotive applications.

Business area of the company

IFB Industries is engaged in the business of manufacturing of diverse parts and accessories for motor vehicles etc. and manufacture and trading of Home Appliances Products.

Products and Services

  • IFB Appliances
  • IFB Fine Blanking
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