Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
News 
About
IFB Agro Industries Ltd (IFBAGRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507438 NSE: IFBAGRO Breweries & Distilleries | Small Cap | IFB Agro Industries Share Price
₹938.05 -11.15 (-1.17%)
As on 23-Jul'26 16:59
IFB Agro Industries Ltd (IFBAGRO)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 507438 NSE: IFBAGRO Breweries & Distilleries | Small Cap | IFB Agro Industries Share Price
₹938.05 -11.15 (-1.17%)
As on 23-Jul'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹879 Cr.
Current Price
₹938.1
52-Week Low / High
₹677 / 1,795
TTM EPS
₹65
TTM Sales
₹1,404 Cr.
Book Value per Share
₹727
P/E Ratio
14.43
Higher than its 5-year historical median
Industry PE
57.9
Price to Book (P/B)
1.29
Higher than its 5-year historical median
Price to Sales (P/S)
0.63
Higher than its 5-year historical median
EV/EBITDA
6.17
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
9.41%
Outperforms industry median
Return on Capital Employed (ROCE)
13.09%
Outperforms industry median
Return on Assets (ROA)
6.66%
Operating Profit Margin
7.5%
Net Profit Margin
4.34%
Gross Profit Margin
6.3%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
32.6%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
156.27%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
139.1%
Asset Quality
Promoter Holding
65.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹672 Cr.
Equity
₹9.4 Cr.
Face Value
₹10
All Time Low / High
₹1.65 / 1795.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is IFB Agro Industries Ltd a good quality company?
IFB Agro Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does IFB Agro Industries Ltd performance compare with that of its Peers?
Revenue growth of IFB Agro Industries Ltd vs industry peers?
IFB Agro Industries Ltd revenue CAGR is 1.93%, compared to the industry median CAGR of 15.31%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of IFB Agro Industries Ltd?
Promoters hold 65.00% of the IFB Agro Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of IFB Agro Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 8.7% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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 Agro 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 ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 12.9% | 10.6% | 5.1% | 13.8% | 14.1% | 13.1% | -3% | 6.8% | 13.1% | - |
| Value Creation Index ⓘ | -0.1 | -0.1 | -0.2 | -0.6 | 0.0 | 0.0 | -0.1 | -1.2 | -0.5 | -0.1 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 840 | 889 | 925 | 963 | 694 | 1,010 | 1,246 | 930 | 1,059 | 1,404 | 1,404 |
| Sales YoY Gr. | - | 5.9% | 4% | 4.1% | -27.9% | 45.6% | 23.4% | -25.4% | 13.9% | 32.6% | - |
| Adj EPS ⓘ | 30.4 | 30.7 | 35.5 | 22.1 | 46 | 56.4 | 50.9 | -13.4 | 26.9 | 65.4 | 65 |
| YoY Gr. | - | 1.1% | 15.7% | -37.7% | 108.1% | 22.5% | -9.8% | -126.4% | NA | 143.2% | - |
| BVPS (₹) ⓘ | 323.9 | 367.6 | 399.7 | 413.5 | 481.4 | 536.6 | 589.1 | 590.3 | 654 | 726.7 | 727 |
| Adj Net Profit ⓘ | 28.4 | 28.7 | 33.3 | 20.7 | 43.1 | 52.8 | 47.6 | -12.6 | 25.2 | 61.2 | 61 |
| Cash Flow from Ops. ⓘ | 49.4 | 7 | 45.7 | 0.7 | 38.2 | 107 | 34.2 | -30.6 | 71.8 | 97.1 | - |
| Debt/CF from Ops. ⓘ | 0.9 | 4.5 | 0.4 | 0 | 0 | 0.2 | 0.4 | -0.3 | 0.1 | 0.7 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.9% | 15.2% | 4.1% | 32.6% | ||||
| Adj EPS ⓘ | 8.9% | 7.3% | 8.7% | 143.2% | ||||
| BVPSⓘ | 9.4% | 8.6% | 7.3% | 11.1% | ||||
| Share Price | 8.6% | 9.3% | 19.5% | 17.3% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.3 | 8.9 | 9.3 | 5.4 | 10.3 | 11.1 | 9 | -2.3 | 4.3 | 9.5 | 8.9 |
| Op. Profit Mgn % ⓘ | 6.1 | 6.5 | 5.4 | 2.9 | 8.2 | 7.6 | 6.1 | -1 | 3.8 | 7.5 | 5.5 |
| Net Profit Mgn % ⓘ | 3.4 | 3.2 | 3.6 | 2.2 | 6.2 | 5.2 | 3.8 | -1.4 | 2.4 | 4.4 | 4.3 |
| Debt to Equity ⓘ | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Working Cap Days ⓘ | 36 | 34 | 34 | 34 | 46 | 33 | 45 | 74 | 83 | 74 | 44 |
| Cash Conv. Cycle ⓘ | 14 | 11 | 10 | 13 | 11 | 8 | 23 | 35 | 37 | 32 | 31 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 840 | 889 | 925 | 963 | 694 | 1,010 | 1,246 | 930 | 1,059 | 1,404 |
| Operating Expenses ⓘ + | 789 | 831 | 878 | 936 | 637 | 933 | 1,172 | 939 | 1,019 | 1,300 |
| Operating Profit ⓘ | 51 | 58 | 47 | 26 | 56 | 77 | 75 | -9 | 41 | 104 |
| Operating Profit Margin (%) | 6.0% | 6.5% | 5.1% | 2.7% | 8.1% | 7.6% | 6.0% | -1.0% | 3.8% | 7.4% |
| Other Income ⓘ + | 13 | 10 | 13 | 11 | 16 | 15 | 15 | 18 | 19 | 20 |
| Interest ⓘ | 2 | 3 | 3 | 2 | 0 | 1 | 2 | 2 | 1 | 4 |
| Depreciation ⓘ | 20 | 21 | 19 | 18 | 15 | 17 | 19 | 21 | 19 | 35 |
| Profit Before Tax ⓘ | 41 | 44 | 38 | 18 | 58 | 68 | 70 | -18 | 39 | 85 |
| Tax ⓘ | 8 | 12 | 5 | -5 | 11 | 15 | 19 | -7 | 14 | 24 |
| Profit After Tax | 33 | 32 | 33 | 23 | 47 | 53 | 51 | -11 | 25 | 61 |
| PAT Margin (%) | 3.9% | 3.6% | 3.6% | 2.4% | 6.8% | 5.3% | 4.1% | -1.2% | 2.4% | 4.3% |
| Adjusted EPS (₹) | 34.9 | 33.7 | 35.5 | 25.0 | 50.2 | 56.9 | 54.4 | -12.2 | 27.2 | 65.0 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Valuation of IFB Agro Industries - Standalone
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 303 | 344 | 374 | 387 | 451 | 503 | 552 | 553 | 613 | 681 | |
| Debt + | 31 | 19 | 0 | 0 | 0 | 15 | 10 | 5 | 0 | 63 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 30 | 38 | 34 | 33 | 43 | 36 | 28 | 27 | 31 | 53 | |
| Others Liabilities ⓘ | 50 | 55 | 52 | 27 | 38 | 36 | 42 | 145 | 181 | 209 | |
| Total Liabilities ⓘ | 414 | 457 | 461 | 447 | 532 | 590 | 631 | 730 | 824 | 1,006 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 141 | 135 | 135 | 123 | 119 | 145 | 131 | 148 | 138 | 242 | |
| CWIP ⓘ | 2 | 6 | 2 | 4 | 11 | 2 | 7 | 1 | 8 | 4 | |
| Investments ⓘ | 146 | 135 | 118 | 106 | 65 | 101 | 110 | 122 | 141 | 147 | |
| Inventories | 43 | 65 | 65 | 88 | 67 | 65 | 100 | 121 | 107 | 162 | |
| Trade Receivables | 42 | 63 | 54 | 65 | 104 | 68 | 52 | 80 | 91 | 94 | |
| Cash Equivalents | 15 | 15 | 46 | 19 | 104 | 162 | 173 | 109 | 187 | 183 | |
| Others Assets ⓘ | 26 | 38 | 41 | 42 | 62 | 46 | 57 | 150 | 151 | 174 | |
| Total Assets ⓘ | 414 | 457 | 461 | 447 | 532 | 590 | 631 | 730 | 824 | 1,006 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 49 | 7 | 46 | 1 | 38 | 107 | 34 | -31 | 72 | 97 |
| Cash Flow From Investing Activity ⓘ + | -47 | 13 | -0 | -6 | 47 | -68 | -17 | -33 | 12 | -163 |
| Cash Flow From Financing Activity ⓘ + | -8 | -15 | -15 | -22 | -0 | 19 | -7 | -7 | -6 | 61 |
| Net Cash Flow ⓘ | -5 | 5 | 30 | -27 | 85 | 58 | 11 | -70 | 78 | -5 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.79 | 9.75 | 9.24 | 6.16 | 11.21 | 11.18 | 9.67 | -2.07 | 4.37 | 9.41 |
| ROCE (%) | 13.29 | 12.85 | 10.62 | 5.07 | 13.81 | 14.08 | 13.12 | -2.98 | 6.8 | 13.09 |
| Asset Turnover Ratio | 2.99 | 3.44 | 3.77 | 4.16 | 3.46 | 4.06 | 2.57 | 2.02 | 1.98 | 2.09 |
| PAT to CFO Conversion(x) | 1.48 | 0.22 | 1.39 | 0.04 | 0.81 | 2.02 | 0.67 | N/A | 2.88 | 1.59 |
| Working Capital Days | ||||||||||
| Receivable Days | 12.60 | 12.80 | 12.30 | 11.50 | 18.20 | 13.80 | 13.90 | 17.50 | 20.30 | 17.70 |
| Inventory Days | 13.60 | 13.20 | 13.80 | 14.90 | 16.70 | 10.60 | 19.20 | 29.20 | 27 | 25.70 |
| Payable Days | 16.70 | 21.30 | 19.60 | 17.20 | 30.40 | 21.40 | 13.50 | 15.80 | 13.90 | 15.70 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
IFB Agro Industries Ltd FAQs
The current trading price of IFB Agro Industries on 23-Jul-2026 16:59 is ₹938.0.
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 22-Jul-2026 the market cap of IFB Agro Industries stood at ₹878.7 Cr
The latest P/E ratio of IFB Agro Industries as of 22-Jul-2026 is 14.43.
The latest P/B ratio of IFB Agro Industries as of 22-Jul-2026 is 1.29.
The 52-week high of IFB Agro Industries is ₹1,795 and the 52-week low is ₹677.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IFB Agro Industries is ₹1,404 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that IFB Agro Industries Ltd is a average quality company.
The key valuation ratios of IFB Agro Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IFB Agro Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About IFB Agro Industries Ltd
IFB Agro Industries Limited incorporated as a private limited company on February 19, 1982 promoted by Indian Fine Black Limited, Bijon Nag and others is a reputated Public Limited Company. The company has various consumer oriented products both for domestic & export markets. The corporate office of the company is situated at EM Bypass, Kolkata, West Bengal.
IFB Agro Industries is one of the largest producers of alcohol in eastern India, having 6 large captive bottling plants situated in Bengal, Orissa & North East. The company is also engaged in the production of Carbon Dioxide Gas & processing of Marine Products for Export as well as for the Indian market.
Different business divisions of the company:
Alcohol Division Distillery Noorpur- situated at the bank of the river Hooghly, near Diamond Harbour at South 24 Parganas, West Bengal, IFB Agro commenced their Noorpur Distillery in 1987 creating a landmark in the industrial resurgence of West Bengal with an installed capacity of 60,000 liters per day based on Molasses.
Apart from its existing molasses based distillery, IFB Agro has also set up a new state of the art Grain Distillery based on the latest technology in distillation with a capacity of 60,000 liters per day. The distillery ensures captive power and confirms to zero discharge norms. The usage of Multicolumn Multipressure Distillation Technology removes all impurities from the Alcohol to ensure a perfect rich bouquet of taste and flavour.
The IMFL Division of IFB is housed at Maheshtala (South 24 Pgs.) West Bengal. At present, the operations of the division are concentrated in West Bengal and the North Eastern States, primarily Assam, Meghalaya and Orissa. The company has targetted business expansions in neighboring states in the near future. All 25 UP & 50UP products are made from Grain Spirit which is sourced in house.
The marine division exports prawn to USA, Europe, Japan, Australia & South Africa.
Domestic : IFB Royal Prawn are ready to cook hygienically processed, headless, peeled and deveined and economicaliy packed in consumer friendly packs of 100 & 200 grams. The product is available from exclusive outlets in the city of Kolkata, Delhi, Bangalore, Hyderabad & Mumbai. IFB Prawn POPS and Breaded Fish Fillets are ready to fry and are available from consumer friendly outlets at Kolkata.
IFB Agro is the largest distributor of C.P. Feeds (Thailand) in West Bengal. It also supplies farmers with various types of soil and water probiotics and supplements for healthy and sustainable grow of shrimps.
Their customers are spread all over the world:
Canada
- Export Packers Company Ltd.
Europe
- Morubel of Belgium
- SPI of UK
- Ice Pak of UK
- Sea Hawk of UK
- C.T. Holms of UK
- Bloomsbury International Ltd. UK
- Le Martin Pecheur Re-Union
- Blue Planet Food Group. Denmark
- Texas Frozen Foods Ltd. Ireland
- Pingo Doce-Distrib. Portugal
Japan
- Marubeni Corporation
- Hanwa Co.Ltd
- Sojitz Corporation
- Kanematsu Corporation
- Eagle Sea Foods
- Fuji Corporation
South Africa
- Breco Pty Ltd
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