IFB Agro Industries Ltd Stock Analysis

BSE: 507438 | NSE: IFBAGRO | Consumer Food | Small Cap

BSE Share Price 06-Dec-2022 15:57
574.35 8.00 (1.41%)

DeciZen - Make an Informed Decision on IFB Agro Inds

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

IFB Agro Inds Price Chart

P/E Ratio (SA) :
11.22
Market Cap :
530.5 Cr.
52-wk low :
477
52-wk high :
866.3
Bole Toh?

1. Is IFB Agro Industries Ltd a good quality company?

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

2. Is IFB Agro Industries Ltd undervalued or overvalued?

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

3. Is IFB Agro Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of IFB Agro 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 Agro Inds:

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 Agro Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 19.5%13.8%6.4%10.8%9.2%9.2%9.7%6.2%10.9%10.7%-
Value Creation Index 0.4-0.0-0.6-0.2-0.3-0.3-0.3-0.6-0.2-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 4625075846218408899259636941,0101,976
YoY Gr. Rt. %-9.6%15.3%6.3%35.2%5.9%4%4.1%-27.9%45.6%-
Adj EPS 29.126.914.529.130.633.637.824.548.755.250.5
YoY Gr. Rt. %--7.6%-46.1%100.8%5.1%9.7%12.4%-35%98.5%13.4%-
BVPS (₹) 175220236.6267.9323.9367.6399.7413.5481.4536.6568.1
Adj Net Profit 26.225.213.627.328.731.535.42345.651.747
Cash Flow from Ops. 20.142.429.136.149.4745.70.738.2107-
Debt/CF from Ops. 00.101.40.94.50.40.700.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.1%3.8%3%45.6%
Adj EPS 7.4%12.5%13.5%13.4%
BVPS 13.310.610.311.5
Share Price 12.3% -4.1% 14.8% -3.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 19.413.96.411.510.39.79.8610.910.89.1
Op. Profit Mgn % 10.68.95.18.56.16.55.42.98.27.63.7
Net Profit Mgn % 5.752.34.43.43.53.82.46.65.12.4
Debt to Equity 0000.20.10.10.10000
Working Cap Days 4536404636343434463387
Cash Conv. Cycle 181316201411101311865

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 13.51%

Return on Equity has declined versus last 3 years average to 9.10%

Sales growth has been subdued in last 3 years 2.98%

Sales growth is not so good in last 4 quarters at -9.46%

Latest Financials - IFB Agro Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 50.5 55.5
TTM Sales (₹ Cr.) 1,976 1,977
BVPS (₹.) 568.1 565.2
Reserves (₹ Cr.) 523 520
P/BV 1.00 1.00
PE 11.22 10.19
From the Market
52 Week Low / High (₹) 477.00 / 866.25
All Time Low / High (₹) 1.65 / 938.90
Market Cap (₹ Cr.) 531
Equity (₹ Cr.) 9.4
Face Value (₹) 10
Industry PE 64.3

Management X-Ray of IFB Agro Inds :

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 Agro Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

IFB Agro Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IFB Agro Inds on 06-Dec-2022 15:57 is : 574.4.
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 06-Dec-2022 15:57 the market cap of IFB Agro Inds stood at ₹ 530.5.
The latest PE ratio of IFB Agro Inds as of 06-Dec-2022 15:57 is 11.22.
The latest PB ratio of IFB Agro Inds as of 06-Dec-2022 15:57 is 1.00
The 52-week high of IFB Agro Inds is ₹ 866.2 and the 52-week low is ₹ 477.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of IFB Agro Inds is ₹ 1,976 ( Cr.) .

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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