IFB Agro Industries Ltd - Stock Valuation and Financial Performance

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

IFB Agro Inds Share Price

411.50 -5.25 -1.26%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on IFB Agro Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

IFB Agro Industries stock performance -

mw4me loader
P/E Ratio (SA):
373.02
Market Cap:
387.9 Cr.
52-wk low:
411
52-wk high:
584.6

Is IFB Agro Industries Ltd an attractive stock to invest in?

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.8%6.4%10.8%9.2%9.2%9.7%6.2%10.9%10.7%9.8%-
Value Creation
Index
0.0-0.6-0.2-0.3-0.3-0.3-0.6-0.2-0.2-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5075846218408899259636941,0101,2461,373
Sales YoY Gr.-15.3%6.3%35.2%5.9%4%4.1%-27.9%45.6%23.4%-
Adj EPS 26.914.529.130.633.637.824.548.755.255.41.1
YoY Gr.--46.1%100.8%5.1%9.7%12.4%-35%98.5%13.4%0.3%-
BVPS (₹) 220236.6267.9323.9367.6399.7413.5481.4536.6589.1582
Adj Net
Profit
25.213.627.328.731.535.42345.651.751.91
Cash Flow from Ops. 42.429.136.149.4745.70.738.210734.2-
Debt/CF from Ops. 0.101.40.94.50.40.700.20.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.5%7%9%23.4%
Adj EPS 8.4%10.5%31.2%0.3%
BVPS11.6%9.9%12.5%9.8%
Share Price 9% -3.8% 1.2% -5.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.96.411.510.39.79.8610.910.89.80.2
Op. Profit
Mgn %
8.95.18.56.16.55.42.98.27.66.10.9
Net Profit
Mgn %
52.34.43.43.53.82.46.65.14.20.1
Debt to
Equity
000.20.10.10.10000-
Working Cap
Days
3640463634343446334554
Cash Conv.
Cycle
131620141110131182345

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 31.17%

Return on Equity has declined versus last 3 years average to 0.20%

Sales growth has been subdued in last 3 years 8.99%

Sales growth is not so good in last 4 quarters at -17.86%

Latest Financials - IFB Agro Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.1 5.2
TTM Sales (₹ Cr.) 1,373 1,374
BVPS (₹.) 582 582.4
Reserves (₹ Cr.) 536 536
P/BV 0.71 0.71
PE 373.02 79.01
From the Market
52 Week Low / High (₹) 411.00 / 584.55
All Time Low / High (₹) 1.65 / 938.90
Market Cap (₹ Cr.) 388
Equity (₹ Cr.) 9.4
Face Value (₹) 10
Industry PE 65.3

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5075846218408899259636941,0101,246
Operating Expenses 4625555697898318789366379331,172
Manufacturing Costs3537421227585906791131
Material Costs385461452580648673710458678866
Employee Cost 20243137384448445360
Other Costs 2134444970768868111115
Operating Profit 45305251584726567775
Operating Profit Margin (%) 8.9%5.1%8.4%6.1%6.5%5.1%2.7%8.1%7.6%6.0%
Other Income 415712101311161515
Interest 0012332012
Depreciation 9192220211918151719
Exceptional Items 210000000-70
Profit Before Tax 60263641443818586870
Tax 191078125-5111519
Profit After Tax 42162933323323475351
PAT Margin (%) 8.2%2.7%4.7%3.9%3.6%3.6%2.4%6.8%5.3%4.1%
Adjusted EPS (₹)44.516.631.334.933.735.525.050.256.954.4
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 206222251303344374387451503552
Share Capital 9999999999
Reserves 197212242294335365378442493543
Minority Interest0000000000
Debt404331190001510
Long Term Debt004331190001510
Short Term Debt4000000000
Trade Payables7172330383433433628
Others Liabilities 39374950555227383642
Total Liabilities 256276367414457461447532590631

Fixed Assets

Gross Block181215261161176193197209251256
Accumulated Depreciation83961112041587489106124
Net Fixed Assets98119150141135135123119145131
CWIP 211026241127
Investments 839114613511810665101110
Inventories244444436565886765100
Trade Receivables92739426354651046852
Cash Equivalents 49581415154619104162173
Others Assets46242926384142624657
Total Assets 256276367414457461447532590631

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4229364974613810734
PBT 39263641443818586870
Adjustment 718221119172881711
Changes in Working Capital -13-7-126-481-44-2034-29
Tax Paid -11-7-10-9-9-10-2-7-13-17
Cash Flow From Investing Activity -49-16-129-47130-647-68-17
Capex -47-24-44-20-20-15-12-17-30-14
Net Investments -37-85-283016564-36-3
Others 11013-210-20
Cash Flow From Financing Activity 11-449-8-15-15-22019-7
Net Proceeds from Shares 7000000000
Net Proceeds from Borrowing 0049-7-12-12-20020-5
Interest Paid 00-1-2-3-3-200-2
Dividend Paid 0000000000
Others 4-400000000
Net Cash Flow 49-44-5530-27855811
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)22.927.2812.4111.799.759.246.1611.2111.189.67
ROCE (%)32.9412.0814.3613.1912.8510.625.0713.814.0813.12
Asset Turnover Ratio3.313.022.652.993.443.774.163.464.062.57
PAT to CFO Conversion(x)11.811.241.480.221.390.040.812.020.67
Working Capital Days
Receivable Days481413131211181414
Inventory Days14161914131415171119
Payable Days591617192017302113

IFB Agro Industries Ltd Stock 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 28-Mar-2024 16:01 is ₹411.5.
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 28-Mar-2024 16:01 the market cap of IFB Agro Inds stood at ₹387.9.
The latest P/E ratio of IFB Agro Inds as of 28-Mar-2024 16:01 is 373.0.
The latest P/B ratio of IFB Agro Inds as of 28-Mar-2024 16:01 is 0.71.
The 52-week high of IFB Agro Inds is ₹584.5 and the 52-week low is ₹411.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IFB Agro Inds is ₹1,373 ( 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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