IFB Industries Ltd - Stock Valuation and Financial Performance

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

IFB Industries Share Price

1,419.70 -54.55 -3.70%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on IFB Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

IFB Industries stock performance -

mw4me loader
P/E Ratio (CD):
202.41
Market Cap:
5,752.5 Cr.
52-wk low:
788.1
52-wk high:
1,589

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 overvalued zone.

3. Is IFB Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IFB Industries Ltd is likely to Rise-somewhat 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'01Mar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 0%-9.9%-15.2%14.4%15%10.2%6%9.5%-2.4%4.3%-
Value Creation
Index
NANANA0.00.1-0.3-0.6-0.3-1.2-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 01931811,7582,2202,6572,6372,8013,4154,1954,358
Sales YoY Gr.-NA-5.9%869.9%26.3%19.7%-0.8%6.2%21.9%22.8%-
Adj EPS 0-55.2-6012.319.214.18.716.1-11.43.67
YoY Gr.-NANANA56%-26.9%-38.4%85.8%-171%NA-
BVPS (₹) 0-157.1-207.4115.7135152.4159.3171.6159.8164.5175.6
Adj Net
Profit
0-70.2-80.15077.956.935.165.2-46.314.728
Cash Flow from Ops. 09.813.684.812444.618429250.6106-
Debt/CF from Ops. 048.737.90.50.30.71.60.84.71.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA13.6%16.7%22.8%
Adj EPS NA-28.4%-25.2%NA
BVPSNA4%1.1%3%
Share Price 32.3% 10.3% 8.4% 71.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'01Mar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
036.234.251.115.39.85.69.7-6.92.24.1
Op. Profit
Mgn %
00.9-2.75.87.24.74.77.61.744.6
Net Profit
Mgn %
0-36.2-44.62.83.52.11.32.3-1.40.40.7
Debt to
Equity
0-2.4-1.90.10.10.10.50.30.40.3-
Working Cap
Days
001084070768383777356
Cash Conv.
Cycle
00-2-4-3-1-6-15-14-135

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 4.10%

Sales growth is growing at healthy rate in last 3 years 16.74%

Net Profit has been subdued in last 3 years -25.23%

Sales growth is not so good in last 4 quarters at 7.14%

Latest Financials - IFB Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 11.7 7
TTM Sales (₹ Cr.) 4,241 4,358
BVPS (₹.) 175.3 175.6
Reserves (₹ Cr.) 670 671
P/BV 8.10 8.09
PE 121.18 202.41
From the Market
52 Week Low / High (₹) 788.05 / 1589.00
All Time Low / High (₹) 0.70 / 1589.00
Market Cap (₹ Cr.) 5,752
Equity (₹ Cr.) 40.5
Face Value (₹) 10
Industry PE 58.5

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'23
Sales1931811,7582,2202,6572,6372,8013,4154,195
Operating Expenses 1921861,6572,0612,5312,5292,5983,3674,033
Manufacturing Costs1213179227271278294381440
Material Costs86771,0191,2521,5661,4941,5652,0622,558
Employee Cost 1718163216264299307372405
Other Costs 7778296365430459432550629
Operating Profit 1-510215912610820349162
Operating Profit Margin (%) 0.4%-2.8%5.8%7.2%4.7%4.1%7.2%1.4%3.9%
Other Income 10813161528322827
Interest 605867818343533
Depreciation 192544545892102115122
Exceptional Items -3-200191000
Profit Before Tax -71-8265115942799-7432
Tax 00133623135-2617
Profit After Tax -71-825279712664-4815
PAT Margin (%) -37.1%-45.2%2.9%3.6%2.7%1.0%2.3%-1.4%0.4%
Adjusted EPS (₹)-56.5-60.912.719.617.56.415.8-11.93.7
Dividend Payout Ratio (%)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'23

Equity and Liabilities

Shareholders Fund -194-274470548618646696648667
Share Capital 131441414141414141
Reserves -207-288428507577605655607626
Minority Interest106420000
Debt475515342321289198178148
Long Term Debt4755151913625417211564
Short Term Debt001591535276384
Trade Payables4342272385457473655812830
Others Liabilities 36125158170256342390461
Total Liabilities 3292909061,1181,2681,6651,8912,0282,107

Fixed Assets

Gross Block3893793734475238829941,1471,230
Accumulated Depreciation14016444108165257341449535
Net Fixed Assets249215329339358624654698695
CWIP 101472410211521
Investments 00549327153260229186
Inventories2323242319404383462577573
Trade Receivables3122145187248205266310413
Cash Equivalents 13214768971251229397
Others Assets12875105110165106106122
Total Assets 3292909061,1181,2681,6651,8912,0282,107

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1014851244518429251106
PBT -65-7965115942799-7432
Adjustment 7681444934111117130139
Changes in Working Capital -112-9-19-585683-0-63
Tax Paid 00-14-21-26-10-7-6-3
Cash Flow From Investing Activity 3-1-95-92-34-374-187-27-6
Capex -2-200-68-223-92-73-66
Net Investments 50-96-7370-117-994250
Others 011-19-35-33449
Cash Flow From Financing Activity -8-59-13-5223-112-51-94
Net Proceeds from Shares 010000000
Net Proceeds from Borrowing -4-500000-34-58
Interest Paid -40-4-4-4-5-23-18-14
Dividend Paid 000000000
Others 0012-9-1228-890-21
Net Cash Flow 48-219633-6-285
PARTICULARSMar'02Mar'03Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/A53.6515.6112.24.089.56-7.172.27
ROCE (%)N/AN/A18.9122.3816.75.6314.16-4.297.44
Asset Turnover Ratio0.650.653.932.762.782.271.972.22.54
PAT to CFO Conversion(x)N/AN/A1.631.570.637.084.56N/A7.07
Working Capital Days
Receivable Days544913222425242425
Inventory Days394221374043444440
Payable Days185201569698114132130117

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 12-Apr-2024 16:59 is ₹1,419.7.
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 12-Apr-2024 16:59 the market cap of IFB Industries stood at ₹5,752.5.
The latest P/E ratio of IFB Industries as of 12-Apr-2024 16:59 is 121.2.
The latest P/B ratio of IFB Industries as of 12-Apr-2024 16:59 is 8.10.
The 52-week high of IFB Industries is ₹1,589 and the 52-week low is ₹788.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IFB Industries is ₹4,241 ( 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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